- Jan 31, 2005
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Dont get me started.
I'm taxed when I earn my money. I'm taxed if I save my money. I'm taxed if I spend my money. And in some cases, I'm taxed on the item that my money bought!!
TAXES!!
Tax withholding was just a temporary measure during world war 2 I believe. As with all federal "temporary" measures, it became permanent. That'w why I always laugh when people say, "oh, but it's just temporary", when talking about some new swindle the government wants to pull on its citizens.
Ya, I guess it would still get confusing. I'm just thinking of "income" in the generic sense and we can do away with all the deductions, etc. You should only pay n% of your income when you earn it the first time, not if you earn more money on the money you already paid taxes on (like capital gains, etc.).
Agreed. It would also help people learn to be more responsible with their own money. I hate writing out my quarterly checks to federal piggy.
- Jan 31, 2005
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What the hell are you talking about? Taxes have been around since we were under British rule, which is one of the reasons we threw a little tea party.
Remember the whole "Taxation without Representation" thing?
Check out his sig...it's pretty obvious he's one of those people who will probably try to blame the Civil War on Bush among other things.
- Jan 31, 2005
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Oh. Of course. Bush is the reason I pay taxes.
How silly of me to overlook that. :disgust:
Truth be told, I dont mind having my tax money go to war. I DONT like it going to social programs that support giving handouts instead of handups, or aid that goes to hostile foreign countries such as Palestine and aid to African countries.
But the point isnt where or where not tax money should be spent, but rather that people should care a bit more about taxes. And one way to get people to wake up to taxes and thus how the money is spent is by removing pay as you go.
DrPizza
Administrator Elite Member Goat Whisperer
You see, I look forward to tax season, because it's then that I get my money back. You can't tell your employer to "don't withhold anything."
Unlike the typical person who works one job, and that's it, I have a more complicated return (getting much more complicated lately!)
I have all sorts of business expenses to write off (Like 2398.7 miles I drove last week to pick up 4 goats) That's at how many cents per mile? Almost 50? Having a farm, I get to begin to depreciate certain equipment. Since I'm a landlord for another home I own, I get to depreciate stuff there, write off mileage to and from that house, write off any routine maintenance I do to the house, etc. I don't tell my employer to withhold extra, so I get a big return... I have a lot of deductions and get a big return. Let's not forget about the 1/8th of my home which serves as an office for our farm, as well as a portion of our utilities, etc. Heck, if I had to drill a hole at the house I rent out, and purchased a $200 drill to do the job, that's tax deductible (I believe). So, come February, I'll pay for a good accountant to do my taxes for me, make sure I deduct everything I'm allowed to deduct (but not deduct anything I actually can't or shouldn't), and I end up getting more of my money back than someone else with the same income and withholdings.
Unlike the typical person who works one job, and that's it, I have a more complicated return (getting much more complicated lately!)
I have all sorts of business expenses to write off (Like 2398.7 miles I drove last week to pick up 4 goats) That's at how many cents per mile? Almost 50? Having a farm, I get to begin to depreciate certain equipment. Since I'm a landlord for another home I own, I get to depreciate stuff there, write off mileage to and from that house, write off any routine maintenance I do to the house, etc. I don't tell my employer to withhold extra, so I get a big return... I have a lot of deductions and get a big return. Let's not forget about the 1/8th of my home which serves as an office for our farm, as well as a portion of our utilities, etc. Heck, if I had to drill a hole at the house I rent out, and purchased a $200 drill to do the job, that's tax deductible (I believe). So, come February, I'll pay for a good accountant to do my taxes for me, make sure I deduct everything I'm allowed to deduct (but not deduct anything I actually can't or shouldn't), and I end up getting more of my money back than someone else with the same income and withholdings.
I'm probably a small minority but I consider paying my share of taxes a great deal for me because look at all I get:
- I get to live in the greatest country in the world
- Freedom ain't free
- I get to go anywhere I want whenever I please, drive on nice roads, use public services
- I'm defended by the greatest armed force in the world (yeah, that F-16, I paid for some of that)
- The more I work, the more I make, the more I can enjoy - nobody can confiscate my stuff for no reason
Yeah so the system isn't all perfect and it could be better but it's still a great deal. For those of you who have never lived in a country with oppressive government, you probably have no idea.
- I get to live in the greatest country in the world
- Freedom ain't free
- I get to go anywhere I want whenever I please, drive on nice roads, use public services
- I'm defended by the greatest armed force in the world (yeah, that F-16, I paid for some of that)
- The more I work, the more I make, the more I can enjoy - nobody can confiscate my stuff for no reason
Yeah so the system isn't all perfect and it could be better but it's still a great deal. For those of you who have never lived in a country with oppressive government, you probably have no idea.
The flat tax is a regressive tax. It will only lead to the rich getting richer, and the poor getting poorer. We have enough of that in this day and age, we don't need more of it.
- Jan 31, 2005
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What the hell are you talking about?
Its a FAIR tax, and poor people dont want to be treated FAIRLY, they want special treatment.
Originally posted by: Specop 007
What the hell are you talking about?
Its a FAIR tax, and poor people dont want to be treated FAIRLY, they want special treatment.
Real convenient for you to say. As long as you capitalize it, it become truth. It may be an equal tax, but its not fair, or just.
We have tax brackets for a reason. Rich people can and should be rich, but there needs to be a limit to this, or else it is greed, greed that spirals wildly out of control. The richest of people make money not on what they do, but on compound interest from the money they or their parents have saved. With your *fair* tax, none of that would be taxed. It grows to ridiculous amounts, and the cycle just continues. More money goes to the people who have money.
Those that don't have the money, those that have to live check to check, will be adversely affected. Rather than paying a lower amount of tax because they're barely scraping by, will get hit on the head with a disproportionate burden. They're paying the same percentage, but they need that money far far more than the wealthy who complains that he only gained 1 million instead of 1.5 million in the stock market last year. Boo hoo....he's not starving, and because his money is making his money, essentially his earnings are coming from those working blokes who are now paying more and earning less while he works less and earns more.
Sure, you could argue that anyone could invest, which is true - but the flat tax raises the barrier of entry even further.
The rich are the largest contributors, ignoring corporate tax. Yet they still remain rich. You don't hear a lot of stories nowadays how the wealthier are getting less wealthy...quite the opposite. Flat tax = less tax from rich, so to make up the shortfall, it comes from the poor.
Might as well forget about charitable deductions, educational or child credits. Just what we need, a nation of even poorer people, less charity, less education, and less children (that last one is arguable).
What a fantastic idea. I wonder why we haven't implemented it yet.
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