They don't pay taxes, why should you???
http://finance.yahoo.com/news/Anoth...2.html?x=0&sec=topStories&pos=3&asset=&ccode=
http://finance.yahoo.com/news/Anoth...2.html?x=0&sec=topStories&pos=3&asset=&ccode=
These problems will always exist, but they exist to a lessor extent when capitalism and free market concepts are unencombered. Back in the late 1990's, when the economy was redhot, and jobs were everywhere, I just about had to beg people to come to work and I had to pay alot more. That's how a free market is supposed to work, not with gov't telling you have to increase wages. That's just plain stupid.
Although I get your point, your logic is a little off here. First, at $ 100K, your FED tax rate wouldn't be close to 45 %, the proposed top rate. Also, I don't think Sales Tax and VAT would co-exist like this. Property Tax can be even higher, like in NY, where I live. I get your point, but with business deductions, and a much lower FED rate, you are probably looking at a $ 50K net, not a $ 24K net. All in all, you are correct. You are better off collecting welfare, and telling the govt that you cannot afford to pay your mortgage (and hence, be eligible for bailout $$). The middle class in this country are a bucnh of saps, whereas the true winners are those that know how to "game" the system, and pay as little tax as possible.
If you're a 16 year old high school girl and get $50 for babysitting your aunt's kids while they go out to dinner and a movie, do you report the income to the IRS?
If you're the sole proprietor of a convenience store and a guy walks in every night at 5:30 sharp to buy a sixpack of Miller Genuine Draft with cash, do you run it through the till or stick the cash in your pocket?
If you're a thirty-something soccer mom who buys a Fenton coin dot vase at a yard sale for 25 cents and sells it on Craigslist for $100, do you report it to the IRS?
Small oversights like these will multiply exponentially.
http://www.perfecteconomy.com/ describes exactly what the problem with our economy is
... until they do away with cash and make everything a trackable electronic transaction.
Wow the notion that somebody should be paid an honest days pay for an honest days work is a liberal idea. All this time I thought it was a common sense idea. Then again Republicans havenât been making any sense for a few years now, so I suppose a common idea wouldnât make very much sense anyways.
You forgot one. The CEO who gets paid a dollar a year but then gets a whole bunch of stock options and deferred compensation, not taxed at regular income, but at a reduced capital gains rate of 15% and/or tax deferment. I wonder how many kids would have to get babysat to make up for just one CEOâs loopholes? Itâs kinda funny how the 16 year old baby sitter is breaking the law but the CEO, well thatâs completely legal.
Itâs always so funny to listen to people like you guys talk. You know, how important you are and if the government taxes you anymore youâre just not gonna work anymore and then the government wonât make anything, so there! Are you kidding me? Like if you stopped working all that money would just go down the drain. Have you ever stopped to think that maybe if you quit, someone else would step right up and do it in your place? In fact if you quit, thereâs probably enough for 2 people to have a job. The % your paying in taxes is actually going down.
To bring up what was already mentioned before, why is it when corporations and the rich want more and more money it is capitalism at its finest, but when the poor and lower middle class want a little more so that they can at least stop falling farther behind, thatâs poor ingnorant people being greedy who love Obama the socialist?
And why is it everytime any of you talk about regulations or taxes, you always revert to saying itâs going to put the small business out of business. UMMHHH Hello!? News flash, the small business is already practically out of business. Multinationals have ensured their defeat.
And what regulations do you propose be done away with? Perhaps we could use China and their lack of regulations as a mold for our country. Labor costs too high? Just use child labor and make everyone else work for next to nothing. EPA killing your business? Forget em, just pollute the air and dump toxins in the water. Profit margins too low? Just cut the protein out of the baby formula, they wonât notice. Workers comp? Who needs that shit? Donât you know that hurts the bottom line?
To bring up what was already mentioned before, why is it when corporations and the rich want more and more money it is capitalism at its finest, but when the poor and lower middle class want a little more so that they can at least stop falling farther behind, thatâs poor ingnorant people being greedy who love Obama the socialist?
And why is it everytime any of you talk about regulations or taxes, you always revert to saying itâs going to put the small business out of business. UMMHHH Hello!? News flash, the small business is already practically out of business. Multinationals have ensured their defeat.
And what regulations do you propose be done away with? Perhaps we could use China and their lack of regulations as a mold for our country. Labor costs too high? Just use child labor and make everyone else work for next to nothing. EPA killing your business? Forget em, just pollute the air and dump toxins in the water. Profit margins too low? Just cut the protein out of the baby formula, they wonât notice. Workers comp? Who needs that shit? Donât you know that hurts the bottom line?
M
morganist
i don't know if it is as easy as that. although there is an insurance company that does that. so it is possible but how easy is the question.