MTG: How to stop mass shootings

#51
#51
You could remove some fatherless child with abortion...oh, wait...nevermind
 
#52
#52
Vol8188 said:
I don't think keeping filing status options of "Married", "single", etc really adds much complication. Especially not if keeping it can have a massive positive effect.
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Why do we need so many filing statuses? Why should someone be rewarded with less tax liability for personal life choices that burden the system more?
 
#53
#53
volkyries said:
You could remove some fatherless child with abortion...oh, wait...nevermind
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We’ve been around top 5 in terms of loose abortion laws since the 70s, and yet our single parent rates have only climbed since then.

Even more so the population with the highest abortion rates also has the highest single parent rate.

So it seems that’s not helped
 
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#58
#58
BigOrangeTrain said:
The ultimate question is why is there still a personal income tax?
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Individuals contribute far more tax revenue than corporations. But it would be simple to collect those taxes from payrolls instead of after applying a complicated set of rules developed through the IRS code to determine how much to take. Then tax corporations’ bottom lines. Tax investment income through financial institutions’ holding the accounts - they are already set up to withhold taxes. What is left is taxing businesses that are set up as partnerships and sole proprietorships. Profits from flipping personal residences. Sales of private businesses. Gambling winnings. Etc. Businesses can hire accountants. Casinos and County Clerks can be burdened with grabbing the federal pieces of those transactions. The IRS can deal with the odds and ends if they are not burdened with a couple hundred million individual returns.
 
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#60
#60
Thunder Good-Oil said:
Individuals contribute far more tax revenue than corporations. But it would be simple to collect those taxes from payrolls instead of after applying a complicated set of rules developed through the IRS code to determine how much to take. Then tax corporations’ bottom lines. Tax investment income through financial institutions’ holding the accounts - they are already set up to withhold taxes. What is left is taxing businesses that are set up as partnerships and sole proprietorships. Profits from flipping personal residences. Sales of private businesses. Gambling winnings. Etc. Businesses can hire accountants. Casinos and County Clerks can be burdened with grabbing the federal pieces of those transactions. The IRS can deal with the odds and ends if they are not burdened with a couple hundred million individual returns.
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Why would we tax corporations? Every individual within that corporation is taxed on any salary they receive from that corporation. So why would we double tax someone for being an owner of a corporation?

And investment income is already taxed
 
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#61
#61
Vol8188 said:
Why would we tax corporations? Every individual within that corporation is taxed on any salary they receive from that corporation. So why would we double tax someone for being an owner of a corporation?

And investment income is already taxed
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Because every business owner would incorporate and NEVER pay tax on the business income. Total corporate taxes are less than total taxes paid by individuals, but it is still significant. Hundreds of billions. The country still has to operate. We’re going to soon be spending a trillion/year on defense and with China’s aggression the defense spending is necessary.
 
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#63
#63
Thunder Good-Oil said:
Because every business owner would incorporate and NEVER pay tax on the business income. Total corporate taxes are less than total taxes paid by individuals, but it is still significant. Hundreds of billions. The country still has to operate. We’re going to soon be spending a trillion/year on defense and with China’s aggression the defense spending is necessary.
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Our defense budget isn't nearly the burden that social security is and Medicare is roughly equal to the defense budget.

Why's it bad if people incorporate and do not pay tax on business income? Don't those people have to eat and pay bills too? I'm not following. Yes money left within the company will not be taxed (that's normal). Money taken out will be taxed. Why's that bad?
 
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#64
#64
Thunder Good-Oil said:
There’s probably a tax reform thread somewhere. Sorry to contribute to taking the mass shooting topic off the rails.
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If you want to tag me in your response within a new or existing thread, that would be great. But I am very curious as to your response to this, because I can't understand the thought process:

Why's it bad if people incorporate and do not pay tax on business income? Don't those people have to eat and pay bills too? I'm not following. Yes money left within the company will not be taxed (that's normal). Money taken out will be taxed. Why's that bad?
 
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#65
#65
Vol8188 said:
Our defense budget isn't nearly the burden that social security is and Medicare is roughly equal to the defense budget.

Why's it bad if people incorporate and do not pay tax on business income? Don't those people have to eat and pay bills too? I'm not following. Yes money left within the company will not be taxed (that's normal). Money taken out will be taxed. Why's that bad?
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Money would NEVER be taken out. That is what large companies already are doing with foreign subsidiaries.

You have to tax businesses AND employees. Otherwise all of the income would be shifted to the one that isn’t being taxed. The government must have some revenues or else it won’t exist.

Social security is nearly 100% funded through payrolls (once the surplus is gone and interest income no longer exists for the trust funds then it will be 100%). Collected taxes through payrolls makes it very difficult to evade the tax payments. Even for small businesses.
 
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#66
#66
Thunder Good-Oil said:
Money would NEVER be taken out. That is what large companies already are doing with foreign subsidiaries.

You have to tax businesses AND employees. Otherwise all of the income would be shifted to the one that isn’t being taxed. The government must have some revenues or else it won’t exist.

Social security is nearly 100% funded through payrolls (once the surplus is gone and interest income no longer exists for the trust funds then it will be 100%). Collected taxes through payrolls makes it very difficult to evade the tax payments. Even for small businesses.
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So your fear is that people will be able to live without money? How exactly would that work?

And I'm open to creating a new thread to discussing this if you'd wish. I know you're not the only one who seems to support this reasoning. I simply fail to understand it.
 
#67
#67
Vol8188 said:
So your fear is that people will be able to live without money? How exactly would that work?

And I'm open to creating a new thread to discussing this if you'd wish. I know you're not the only one who seems to support this reasoning. I simply fail to understand it.
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Every country in the world with a large economy taxes businesses.
 
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#69
#69
Vol8188 said:
It’s the family of 4 that supports the system. Not the single person. As our population has risen, so has our wealth. The same is true for the rest of the world.
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I knew that would be the next answer. The single person pays taxes on things they won’t use but the family of 4 does which is fine. A family of 4 should pay more but at the end of the year due to a welfare tax system they do not. Personal life choices shouldn’t be punished or rewarded via the tax system.
 
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#70
#70
C-south said:
I knew that would be the next answer. The single person pays taxes on things they won’t use but the family of 4 does which is fine. A family of 4 should pay more but at the end of the year due to a welfare tax system they do not. Personal life choices shouldn’t be punished or rewarded via the tax system.
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I'm not supporting welfare. I am supporting coupling/marriage. And my answer was the next answer because it's correct. You seem to be viewing families/children in a negative light despite the facts.
 
#71
#71
Vol8188 said:
I'm not supporting welfare. I am supporting coupling/marriage. And my answer was the next answer because it's correct. You seem to be viewing families/children in a negative light despite the facts.
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I don’t view that negatively at all I just don’t think it’s something that should be rewarded via the tax system.
 
#72
#72
C-south said:
I don’t view that negatively at all I just don’t think it’s something that should be rewarded via the tax system.
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You attempted to proclaim it "burdened the system" earlier. But either way, if it has a net benefit on the system why would the system not encourage it? What's your overall issue with it?
 
#74
#74
Vol8188 said:
You attempted to proclaim it "burdened the system" earlier. But either way, if it has a net benefit on the system why would the system not encourage it? What's your overall issue with it?
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I said larger families place a greater burden on the system which is undeniably true. The “net benefit” thing you keep saying is a subjective metric when paying taxes should be simply black and white.
 
#75
#75
utvolpj said:
MTG, Aoc, Boebert, Talib, Omar, etc. None should be in that position
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The media celebrated and provided cover for the squad. Some conservative women said we ain't scared and came to pick a fight.

Thank the media for making the squad relevant . It will continue. Our congress is a joke reality show.
 
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