stratman

stratman

Audioholic Ninja
Next time you run into Wesley Snipes, ask him if he believes he doesn't have to pay his taxes.;) No matter what was done almost 100 years ago, the sad reality is that the system in place now will never be changed, it has intertwined itself in the socio-political landscape never to be banished, the best we can hope for is a flat tax, but a completely "TAX FREE" America? Never. Government will fall apart, if they would have repealed this back in 1913 history would be different.:(
 
masak_aer

masak_aer

Senior Audioholic
Ummmmm...do i still need to pay my income taxes this year?.:D
 
M

Mort Corey

Senior Audioholic
The fair or flat tax is just not ever going to happen. The Federal government will just not relinquish the power they derive (and payola) from being able to manipulate the tax code. I'm really not sure if, over time, it would even be any better. The income tax started at 1% and only on "the rich". These schemes would likely start at (for the sake of argument) 25%. The "crisis" would come and it would have to be raised to 25.2% (only temporarily of course) and onward and upward from there forward.

No mention of state income taxes, state sales taxes, etc....least not that I've seen addressed directly. Here in the PRK it's +- 10% income and +-8% sales so I guess that'd be added on top of the federal take.......and I'd still be a sharecropper receiving half of less of what I earn.:(

Maybe if all levels of government didn't do so much to "help people", there would be enough left over that people could once again help themselves and neighbors.........nah, that'll never happen either.

Mort
 
masak_aer

masak_aer

Senior Audioholic
Either you have realized it for some time or not, we have been taxed to death for years. Tax on top of tax is all very common. You are taxed on your income, say 20-30%, and from your net gain/pay, when you buy something you are again getting taxed (even for something staple like food, clothing, etc). Consider how much has the government taken away from our hard work and how much they spent (not necessarily wasted, we need the army) on wars, stupid spendings and such? If you cheat on your 1040 for say about $5K, do you think they are going to go after you? They might, they might not. But if they do, how much do you think they'd spend? More than $10K! And how do they afford it? It's the money from the other honest taxpayers!

All i am saying is, if they want to rob our monies, at least be a good politician..Use it wisely. We work our a$$ off for those money (like typing this message). They work for the people but somehow, sometimes, i feel like i am working so hard to feed them.
 
gene

gene

Audioholics Master Chief
Administrator
I hate taxes as much as the next person, but lets get real. Just b/c there isn't one definitive law about income tax in the constitution, doesn't mean its not legal.

Read this article for another perspective:
http://www.msnbc.msn.com/id/7151524/

Regardless this is an interesting documentary, especially the last 30 min or so about our freedoms.
 
masak_aer

masak_aer

Senior Audioholic
I hate taxes as much as the next person, but lets get real. Just b/c there isn't one definitive law about income tax in the constitution, doesn't mean its not legal.

Read this article for another perspective:
http://www.msnbc.msn.com/id/7151524/

Regardless this is an interesting documentary, especially the last 30 min or so about our freedoms.
I don't question the legality issue of taxes (income taxes). If they want to take some portion of our income tax, by all means do so but show some responsibilities to what they do with our money. Arrogance and greed has been a disease within many government agencies. They work for the people and not the other way around.
 
agarwalro

agarwalro

Audioholic Ninja
I cannot understand why people feel they are unfairly taxed. What they should be more concerned about is how their tax dollars are spent.

To get bent out of shape because you had to pay x% of your salary to the government is tantamount to ignorance. If you have every complained about a road needing repair or a public park needing better maintenance you should be asking yourself, if I am paying x% of my salary as taxes, WHY is the road still needing repairs and WHY is the public park needing better maintenance. Where is the money going?

I am all for taxes, I am all for taxing the rich more than the poor. People who evade their taxes should be appropriately punished. I just don't think my tax dollars are being used "in the spirit" of their deduction.
 
stratman

stratman

Audioholic Ninja
I cannot understand why people feel they are unfairly taxed. What they should be more concerned about is how their tax dollars are spent.

To get bent out of shape because you had to pay x% of your salary to the government is tantamount to ignorance. If you have every complained about a road needing repair or a public park needing better maintenance you should be asking yourself, if I am paying x% of my salary as taxes, WHY is the road still needing repairs and WHY is the public park needing better maintenance. Where is the money going?

I am all for taxes, I am all for taxing the rich more than the poor. People who evade their taxes should be appropriately punished. I just don't think my tax dollars are being used "in the spirit" of their deduction.
Believe it or not the "rich" pay more than all per capita, then the middle (largest demographics.)
 
J

Johnd

Audioholic Samurai
Believe it or not the "rich" pay more than all per capita, then the middle (largest demographics.)
Isn't that what he meant when he wrote "I am all for taxing the rich more than the poor"?
 
stratman

stratman

Audioholic Ninja
I think he meant the "rich" should pay even more because they're rich
 
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agarwalro

agarwalro

Audioholic Ninja
I am all for taxing the rich more than the poor
I think he meant the "rich" should pay even more because they're rich
I meant people in the higher income brackets should give a larger share of their earnings towards taxes.

I think "rich" was incorrect usage on my part. I meant "earning capacity". It just seems logical to me.

Also, I was strictly referring to Income Tax in that statement. No reason someone should be taxed more Sales Tax or Entertainment Tax, Tolls etc. than anyone else.
 
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stratman

stratman

Audioholic Ninja
I meant people in the higher income brackets should give a larger share of their earnings towards taxes.

I think "rich" was incorrect usage on my part. I meant "earning capacity". It just seems logical to me.

Also, I was strictly referring to Income Tax in that statement. No reason someone should be taxed more Sales Tax or Entertainment Tax, Tolls etc. than anyone else.
People in higher income tax brackets do pay a larger percentage of their earnings to taxes. Earning capacity will define which economic strata you fit into. A person earning 700,000.00 a year pays more toward taxes than someone who earns 100,000.00, I'm not talking about tolls, state taxes or entertainment just plain income tax, the other taxes are fixed, your income tax bracket determines how much federal income tax you pay.
 
Adam

Adam

Audioholic Jedi
I'd love to complain about taxes, but I'm (indirectly) paid by them...so I won't. The government takes some of my money, but they pay my salary to begin with. Hmmm, 50% of something is better than 100% of nothing. :D Besides, I believe that my employer (and your employers) pay me (and you) more than they would if there was no income tax. Our current system really just redistributes the wealth - this economy runs on taxes. Products cost more, but we get paid more to compensate. It's about standard of living, not income or costs.

Seeing as how I'm not in the highest tax brackets, I'm not fighting the current system that charges those brackets a higher percentage for income tax. However, I do not think it's fair to do so. Why would it be fair to make someone who has worked hard to get where he/she is at and continues to work hard for their money pay a higher percentage of that money to fund common programs? Now, if you think that some people make too much money, that's a different subject. For those that earn it, however, they should be able to keep as much (percentage-wise) as those who make less, IMO. They would still be paying more in total, but it would be the same percentage. To me, that's fair.

A little bit of rambling there. Sorry.
 
stratman

stratman

Audioholic Ninja
No you didn't ramble, I got your point.....IMO a 20% flat rate accross the board will be fair for all citizens, get rid of the IRS and it's draconian tax laws, the English are way ahead of us on this;)
 
J

Johnd

Audioholic Samurai
People in higher income tax brackets do pay a larger percentage of their earnings to taxes. Earning capacity will define which economic strata you fit into. A person earning 700,000.00 a year pays more toward taxes than someone who earns 100,000.00, I'm not talking about tolls, state taxes or entertainment just plain income tax, the other taxes are fixed, your income tax bracket determines how much federal income tax you pay.
Well, on the surface, that comment is accurate. But our tax system, though based on a sliding scale, is not a simple sliding scale.

The problem is (or so I've heard) that the average person who makes, say just 25k a year, pays:
15% federal tax (gross)
8% state tax (gross)
7.65% fica (gross)
say pays 7k in rent or home loan
and of the remaining $10,337.50 remaining, must purchase gasoline, heat, food etc. All of which is taxed, except for the food.
So you can see how one making just 25k per annum can be taxed 40%.

The average person who makes, say, 300k a year, pays:
35% federal tax (gross)...but wait. We must first deduct losses, deductions, depletions, depreciation, credits, etc., etc., etc. Whereby, we can now get the gross income down to say 50k.

One can easily see the inequities in the current tax structures.
 

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