burrrton wrote:I wish the 75 thousand page tax code would be changed to a 3-line flier:
(1) What did you make last year?
(2) Subtract $50K from (1)
(3) Multiply (2) by 0.25 and send it in
burrrton wrote:I wish the 75 thousand page tax code would be changed to a 3-line flier:
(1) What did you make last year?
(2) Subtract $50K from (1)
(3) Multiply (2) by 0.25 and send it in
RiverDog wrote:
I'd rather see them abolish the income tax and go to some form of consumption tax, let the states collect it, and do away with the IRS. But that won't happen in my lifetime.
idhawkman wrote:Too many people would claim that is a regressive tax and too big of a burden on the lower income earners.
Mortgage deduction, state/local tax deduction are two that will definitely find a compromise on the new plan.
idhawkman wrote:Too many people would claim that is a regressive tax and too big of a burden on the lower income earners.
c_hawkbob wrote:No, forcing corporations, churches and billionaires to pay the same rate of taxes as everyone else with a loophole free sales tax would significantly lower the tax burden on all of us.
burrrton wrote:
Re: Corporations: who do you think pays corporate taxes?
burrrton wrote:
Re: Billionaires: rich people pay the same tax on their income everyone else does (actually much more). Are you arguing for taxing *wealth* every year or what??
Only stupid rich people (or those that are true patriots) pay taxes.
Putting all of the taxes on sales would eliminate all that BS.
corporations do not pay the same taxes as everyone else
c_hawkbob wrote:corporations do not pay the same taxes as everyone else, they get ridiculous tax breaks in the name of "boosting" economies both local and National. It's the "trickle down" con.
c_hawkbob wrote:As long as corporate execs are making seven figures and CEOs eight I ain't buying corporate welfare as just a cost of doing business. We are the #1 consumer market in the world, we don't need to offer incentives to do business here.
As long as corporate execs are making seven figures and CEOs eight I ain't buying corporate welfare as just a cost of doing business.
burrrton wrote:
I'm ambivalent on the mortgage deduction, but I have no idea how anyone defends the state/local tax deduction on a moral level.
Asking people in Washington to subsidize people living in Oregon and California is preposterous.
burrrton wrote:Reality doesn't bend to our acceptance levels.
Just another business cost is what corporate taxes are, and while their salaries will bear some of the burden of those costs, it will be *minuscule* compared to that of employees and consumers.
I've worked for a Fortune 500 company for decades, and I don't like the financial disparity between our CEO and those of us that have to work for a living any more than anyone else.
It's just one of those distasteful things that we have to learn to live with if we want to live in a capitalistic society.
burrrton wrote:Sounds like terrible management, RD.
Serious question, though: what's "They quit buying trivial crap" have to do with whether I'm being paid justly?
I'm not saying I've never felt that human impulse to resent people who are obviously and obscenely overpaid by my calculations, but I'm not going to pretend that kind of stuff is up to me to decide, and I'm not going to entertain the idea of 'punishing' employers for it as doing so will cost *me* a hell of a lot more than it will them.
I assume by trivial crap you're referring to my story about management's decision not to buy us anymore coffee.
They didn't have a frigging clue about our business except trivial nonsense that didn't amount to a handful of peanuts.
find someone you want to be like and then do what they do.
c_hawkbob wrote:corporations do not pay the same taxes as everyone else, they get ridiculous tax breaks in the name of "boosting" economies both local and National. It's the "trickle down" con.
burrrton wrote:Re: Billionaires: rich people pay the same tax on their income everyone else does (actually much more). Are you arguing for taxing *wealth* every year or what??
Only stupid rich people (or those that are true patriots) pay taxes. They hide their true incomes in capitol gains and corporate profits and pay themselves a salary that's a small percentage of their real world income to pay taxes on. Putting all of the taxes on sales would eliminate all that BS.
c_hawkbob wrote:No, forcing corporations, churches and billionaires to pay the same rate of taxes as everyone else with a loophole free sales tax would significantly lower the tax burden on all of us.
Lowering tax rates with the assumption that the wealthy company or person will spend it on expansion is hogwash. Focused tax breaks to encourage expansion with the associated job growth and consumption expenditures is smart economics.
burrrton wrote:I don't disagree with that, but while lowering rates doesn't guarantee expansion, raising rates *does* guarantee the opposite in some form.
Businesses large and small aren't just piggy banks for the local/state/Fed government to pull $$ from- they do react.
Seahawks4Ever wrote:Who are THEY???? Come on now, you started to say something profound, now finish it. Let us ALL know who "they" are.
BTW; YOUR POTUS today declared that the shooting in a church in Texas was NOT a "gun" problem but a mental health issue. Fair enough, I guess that means he will now admit he made a GROSS MISTAKE when one of his first acts as POTUS was to rescind a regulation President Obama had signed that had made it HARDER for people who were deemed mentally ill from buying guns. So, Donald J. Trump agreed with the NRA that NO ONE should be hindered from buying a gun, especially the mentally ill. What's next? Letting convicted felons purchase weapons immediately upon release??? Now, THAT is what I call DISGUSTING!
Aseahawkfan wrote:Mostly you are right, like 90% plus is my estimate. If the government has a good plan to use the increased taxation for useful economic expansion or services, then sometimes it is better to tax. Unfortunately, the government is not the best at efficient or profitable use of tax monies. The private sector is far better at finding uses for money that lead to better economic outcomes. It's too bad the majority of the population is so uneducated about economics and socially trained to view successful accumulation and management of wealth with envy. They don't even realize that the socialist economic policies they support often lead to them being poorer and the wealthy only being 100 times wealthier rather than 120 to 150 times wealthier while they're much poorer. It's not a real victory for the working man as they find they will always have to pay for everything they want including socialized medicine or medicare/social security. The wealthy have their money not because of favorable tax manipulation, but because they work extremely hard, intelligently, and take more risks to be wealthy. As long as they continue, only the worst possible system like Communism will cause them to pursue wealth in different ways such as becoming prominent party members or making deals with foreign nations, while the people remain poor and coddled in their "socialist" dream nation of the poor.
I personally get tired of the BS. I'm not rich by any means. At the same time I've never seen myself as poor either. I work for my money. I make smart decisions with my bills. I go without those things I can't justify as an expense (meaning really need them) like smartphones with all the bells and whistles, cable television, and the like. I save a great deal of my income. I pay off my car or buy it outright with cash. I use coupons and such for groceries or look for deals buying in bulk. I generally don't spend my cash in a frivolous manner. I generally don't have problems paying my bills, building up a good amount of wealth to invest, and generally not having to live paycheck to paycheck. I take advantage of things like capital gains lower tax rates and gains from investments with tax benefits.
Yet I'm supposed to buy into all this rich vs. poor crap while I watch poor people having to have their phone upgrades, smoke their cigarettes and drink their alcohol, and their lack of desire or interest in saving or investing. These folks want the government to take the money in taxes and give them a baby blanket instead of managing their finances intelligently themselves. I'm going to have to pay for it at some point. It's tyranny of the mob, but they don't want to see it that way. If they had to admit that voting for taxes and government services is a form of group tyranny, then they would have to admit that they're using their vote and political power as a means to deprive people like me of my right to spend my labor as I wish. It's all ok with them because their making bad financial decisions, if they can make someone like me seem like the bad guy because they vilified some super rich guy that's using the same tax advantages I have access to, it makes it seem ok for them.
There's no convincing any of them otherwise. They're just sure the rich are the only ones acting in a corrupt manner even as they raise their children poorly, drink their booze, don't take care of themselves as far as health goes , use their drugs while having children they can't take care of, and all the other vice-ridden, irresponsible behaviors I have to pay for because bleeding heart liberals think it is my responsibility to care for their young that they raised so poorly. I pretty much despise the attitude, but it's inescapable. They are convinced they have a right a to my labor to fix the social issues they cause with their undisciplined, scumbag behavior and choices. What can I do when the majority of the mob votes for it and uses men with guns to enforce it? They do this while at the same time trying to take my right to bear the same arms they will use against me away.
It's a giant scam. Yet the majority people aren't moral enough to live with the consequences of their life decisions.
idhawkman wrote:Although I don't think it is a scam I think it is not right what the democrats do to corner people into perpetual dependence on the govt.
Good post Asea.
Aseahawkfan wrote:
It's not tied to a political party. The Republicans have their own form of this thinking that causes them to want to "Lead the world" and use our tax dollars on an expensive military they use to forward American political and business interests world wide regardless of whether this interaction supports American values. They want to keep us involved in a huge variety of conflicts, so our corporations can get that money from around the world. We have to pay for it with little to no benefit. We could get cheap products without the military interventions. People would want to sell here even if we didn't send military force everywhere.
The government is addicted to using tax dollars to pursue the moral, political, and economic agendas of the elected officials regardless of whether it is good for Americans in general. It's a country club in Washington D.C., and our tax money is what they use to pursue their games.
burrrton wrote:Funny- I've said something similar since my early 20s: if you want to be successful, do what successful people do.
burrrton wrote:Yeah, there are two types, but people that are rich from inheritance are a vanishingly small portion of the 'one percent', and I'd wager a good chunk of those inherited farms and/or businesses, so maintaining their 'success' isn't a given.
But people that aren't forced to earn a living or create their own wealth are deprived of the character building and other aspects of human development that occurs from having to work for a living, and many, like Donald Trump, are turned into spoiled brats because of it.
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