I wish my printer was that good!!!pppsssstttt just print mroe money. c how simple it is.
I wish my printer was that good!!!pppsssstttt just print mroe money. c how simple it is.
We are all on some form of government assistance you know.
Did you tax the interest mortage deduction on your taxes?
Higher education tax credit?
etc...
You will start paying VAT soon enough, it will be called "tax reform".
Jedi has a valid point, I know many of you view it as getting to keep you own money but by law you OWE that money and file exemptions to get credits BACK.
So yes, you (and I) are on government aid.
Sure you can try and justify it because you pay in more than you get back (as do I) but it's no different than the welfare recipient claiming they pay taxes too when they buy their new PS3 or Spinners for their new ride.
That is just one reason why I keep saying we need to abolish all personal federal taxes (as a start).
Think about it, ELIMINATE the personal federal income tax and do NOT replace it with any thing.
You get keep all your money and those who don't pay anything don't take my money as a "refund". Win-Win.
The income tax is THEFT. It is wealth redistribution.
Anyone who tells you any different is a fool or on the take.
What do you mean "get back"? I only pay, I never get back anything.
Are you trying to argue that anyone who pays a lower rate than someone else is on assistance?
Also, you can not seperate one section of the tax law from another. All deductions and credits are lawful. So, BY LAW, I only owe the government on my net taxable income minus any credits.
Since we're on a progressive income tax scale, is the top bracket, the only group of people off assistance, and only if they don't take any deductions or credits? Wouldn't that make 100% of the population on "government assistance"?
Regardless, reductions in government "revenue" can never be considered a cost to government and thus aid to the electorate. It flies in the face of all logic.
Once again, is it a cost to my household, if I don't steal from my neighbor? If not, then it is not a cost to government if they don't steal from me.
I agree on all the rest. We do need to move away from income based taxes to consumption based taxes.
What do you mean "get back"? I only pay, I never get back anything.
Are you trying to argue that anyone who pays a lower rate than someone else is on assistance?
On a federal level I do NOT advocate a consumption tax. It would be no different than what we have today. THEFT. Wealth redistribution.I agree on all the rest. We do need to move away from income based taxes to consumption based taxes.
Pretty much. Look at the laws and the way you calculate deductions. It's the same way someone who paid in $1,000 over the course of the year and gets a "refund" of $5,000 because of the exact same deductions and credits. The fact you and I still pay in more than we get back is irrelevant when it completely breaks down. We are taking from those in income bracket above us, just like those below us are taking from us.
It's classic class warfare and a distraction because the enemy isn't the welfare whores, it's the government steal OUR money and enabling those people.
On a federal level I do NOT advocate a consumption tax. It would be no different than what we have today. THEFT. Wealth redistribution.
The federal government will continue to take that money and redistribute it via subsidized housing, utility subsidies and federal aid to state welfare programs.
A flat tax will only exacerbate the problem, not solve anything.
...Home Mortgage Interest Deduction & the Child Tax Credit aren't redistributive. SS for retirement and Medicare aren't supposed to be, but because of mismanagement, they are. If you don't like those, fine, work to change them. But to lump them in with Medicaid, Subsidized Housing, Food Stamps, etc... is disingenuous at best.
Agreed.
But honestly I think we should END the home mortgage interest deduction, the child tax credit, etc.
What is the point of these? These are some form of social engineering by our government. For some reason they want us to buy a house so they graciously let us keep some of our tax dollars. For some reason they want us to have kids (seems like a mixed message because I'm not really sure they do based on many other actions) so we get to keep some of our own money.
Better thing would be they end all the gimmicks in the tax code, lower the overall rate, and let us keep a higher % of our own money. How is it different if I get to keep a bigger % of my paycheck each week or if I get a discount off my end of year tax bill? Seems to me the result is the same. I keep more of my own money.
In order for me to take anything I would have to receive something.
The same way they did prior to 1913.How do you propose the Federal Government Levy taxes?
You are receiving the money as a deduction. You are paying less than you would have otherwise. You are 'taking' the deduction and receiving credit so you pay less. Just as I do.