Recruiting Forum Off Topic Thread III

Status
Not open for further replies.
#9,527
#9,527
MrVolton said:
What do you do to keep those folks from leaving the country for somewhere with a lower tax burden? Do you post armed guards at the airports to keep them from leaving? Instead of building walls to keep people out, will we start building walls to keep people in?
Click to expand...

You do know most anywhere decent they would go they will be taxed on income too, right?

Naturally a firm cut off of $5 million leads to all sorts of financial structuring and advising (where someone like me would come in) and avoid this for many folks anyway. So, naturally it leads to, well you can get taxed at a lower rate from 1-5mm, then people scheme around the 1mm bracket, etc. Would likely lead right back to the current system.

Either have a wage income tax or don't. I would guess the more broadly applied rule could be taxes on capital gains, interest, dividends - investment income.
 
  • Like
Reactions: UTProf and scvolfan7
#9,531
#9,531
jakez4ut said:
i don't think that's the reason.

my reason would be...i paid mine already...and my wife's. so now you're telling i gotta chip in for all of y'alls too?

count me out. lol.
Click to expand...
Unless you’re more well off than the 99% of us, you won’t pay a dime for this.
 
#9,533
#9,533
scvolfan7 said:
Keep listening to that sweet Koch brothers propaganda. They’re the ones making a big deal about it. The people of New York made their opinions known and direct action got the results they desired. I respect that
Click to expand...
i respect the process by which they got where they got. that's how this country works....i don't have to agree with the outcome, and still be able to recognize that.....
 
#9,535
#9,535
ChismsHeadband said:
Y'all, apologies for bringing up the student loan thing. I feel the temperature rising in here so I'm dropping it.
Click to expand...
you always stirring up ish around here.....must be a memphis thing............................................. :)

can we go back to trashing each other for watching/not watching GOT now?
 
  • Like
Reactions: ChismsHeadband
#9,536
#9,536
mr.checkerboards said:
Why should any individual who works hard have any of their funds taken?
Click to expand...

So we can have a functioning society? I used to think similarly, but almost any large communal and societal structure eventually leads to need for commom utility. Taxation or donated citizen labor and goods, those are our options.
 
#9,537
#9,537
Devo182 said:
Seems it would be extremely regressive. The poor working must spend all their money just to get by...so they would essentially be taxed on 100% of their income. While most folks making a decent wage, on up to the very well off, can progressively save more. So the more you make the less one is taxed on their income. Sounds shizzy.
Click to expand...
Also closes all the loopholes that the rich use to avoid taxes so...
 
#9,538
#9,538
ChismsHeadband said:
Y'all, apologies for bringing up the student loan thing. I feel the temperature rising in here so I'm dropping it.
Click to expand...
car-fire-mcflurry.gif
 
  • Like
Reactions: Bassmaster_Vol
#9,541
#9,541
mr.checkerboards said:
Yes, Income tax is awful, if im making 30k per year, but 4k goes to taxes thats a whole lot of money that would make my life a lot easier
Click to expand...

Some economists would argue if income tax was done away with, then the price of goods, especially consumer goods. would rise to match increased disposable income of everyone. Then there would have to be vastly more sales tax to offset the loss of income tax revenue. In the end, consumers would be the same off. It would just be a restructuring of who pays the taxes and how it is collected.

The raise in prices and tax on all goods would most hurt the poor and those on a fixed income (mostly the elderly - think social security or pension retirees).
 
  • Like
Reactions: nesbuddha66 and ChismsHeadband
#9,543
#9,543
bignewt said:
Also closes all the loopholes that the rich use to avoid taxes so...
Click to expand...

That can be done anyway. Not mutually exclusive.

But it would be one HUGE tax loophole for them. Make 1mm, spend 100k a year (remember, their current mortgage, car, boat payments are not sales) and only pay a tax on 10% of their income. Their effective tax rate would be about 1%! Sign them up.
 
#9,544
#9,544
Devo182 said:
Some economists would argue if income tax was done away with, then the price of goods, especially consumer goods. would rise to match increased disposable income of everyone. Then there would have to be vastly more sales tax to offset the loss of income tax revenue. In the end, consumers would be the same off. It would just be a restructuring of who pays the taxes and how it is collected.

The raise in prices and tax on all goods would most hurt the poor and those on a fixed income (mostly the elderly - think social security or pension retirees).
Click to expand...
Im done after this post.

That is my argument against minimum wage going up. I get the idea and why its bad it just sucks that the goverment sees what I make before taxes and goes he makes 30k per year. However thats not what I get to take home to pay my bils
 
#9,548
#9,548
mr.checkerboards said:
Yes, Income tax is awful, if im making 30k per year, but 4k goes to taxes thats a whole lot of money that would make my life a lot easier
Click to expand...

People who advocate a sales tax absent income tax are also typically advocating a flat tax. No income tax with only a sales tax would be absolutely terrible for folks making 30k a year as it would undoubtedly raise the amount that they are taxed for every dollar as your basic expenses are the same as someone who makes way more money than 30k per year.
 
#9,549
#9,549
Glitch said:
Pre-K through 12 public education is free and our government is doing a bang up job there.
Click to expand...

I agree. They are doing a bang up job given the amount of support they receive and the socioeconomic problems they have to sort through each day.
 
#9,550
#9,550
scvolfan7 said:
They do don’t they? Don’t we all deserve the right to decent jobs? Those weren’t good jobs and, again, Amazon doesn’t pay taxes. It would have been a burden on the community. The people that live there didn’t want it lol
Click to expand...

A lot of folks got egg on their faces over that and not everyone in NY is happy about it.
 
New posts
Status
Not open for further replies.

VN Store



Back
Top