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Originally posted by NovusOrdoMundi
Yes. It. Is.
Please do some research, then get back to me.
[Point out where in the Constitution it says labor can be taxed, and I'll drop my part of this argument.
When the economy is doing well, jobs are created. That's common sense.
Show me where I said we should abolish our military, and you'll be right about what you say.
My basic point is we don't need to spend $700 billion on our military when China, the second highest amount of money spent on military, barely hits $100 billion.
All of that is not necessary, and in fact, it's quite pathetic, because we spend all of that, yet we're allegedly having issues in Iraq.
Again, stop putting words in my mouth. I didn't say abolish military. Since I didn't say that, all of those jobs wouldn't be lost.
Yes, some jobs would be lost with cut spending.
But if you know anything about economics, then you'll know that diverting at least a couple hundred billion to local communities and city development, rather than dumping it into the military, would create jobs in those areas, which would push the process of cleaning up poor areas, which would help the housing market, which, in the end, would give more people extra money to spend. Extra money to spend means they'll be spending more money, circulating that through the economy, allowing businesses to profit more, meaning they can now open up more jobs, and the cycle repeats itself.
This isn't tough, dude.
As an example - I live in Michigan. Recently, the state government could not manage to reach an agreement on a budget plan. Eventually they did, but had they not, on October 22nd, public schools would have been shut down, and college loans would have stopped as a result of the government shut down.
States pay for the education. The federal government merely has oversight on the education and decides what is in the curriculum. They pay for VERY little, if any at all.
The states cover the education.
Again, please do research.
The federal gasoline tax, which dates from 1932 and is used to support mass transit and highways, is currently 18.4 cents per gallon. The average tax on gasoline, including federal, state, and local taxes, is 41 cents per gallon.
source
My bad, 41 cents per gallon.
But as you see, the federal, state, and local governments put tax on gas to pay for the roads.
Give me another link and I'll look at it. But Wikipedia is no credible source. As you should know, it can be edited. I could go on there right now and edit it to say something that favors my argument.
I won't, and I'm not saying you did that, but it can be done.
Originally posted by ThatsJustWeird
You got a link or are we just supposed to take your word for it?
Originally posted by ThatsJustWeird
How the federal reserve system is set up is common knowledge. You're really going to have to provide a credible link showing otherwise.
Originally posted by ThatsJustWeird
16th Amendment.
Originally posted by ThatsJustWeird
No where did I dispute that. But by cutting defense your taking away jobs. Taking away jobs would HURT the economy.
Originally posted by ThatsJustWeird
I didn't say you said we should abolish the military?
You do realize there's a difference between our armed forces and the Department of Defense, right?
Originally posted by ThatsJustWeird
There are a ton of stuff besides maintaining our military that goes into our defense budget. We also have a more up to date (as far as weaponry) military than China.
Originally posted by ThatsJustWeird
and we more than likely would be out of there by now.
Originally posted by ThatsJustWeird
There is absolutely no guarantee jobs would be created. And if they are, there is no guarantee there would be enough to replace the ones that are lost and be as beneficial to the economy as the ones that are lost.
Originally posted by ThatsJustWeird
Did you not read my post?
Originally posted by ThatsJustWeird
Ok...no where did I dispute that...
Originally posted by ThatsJustWeird
It was simply a something for you to see how social security works...
You can try and use the website to figure it out.
www.ssa.gov...
Originally posted by ThatsJustWeird
If you work for me, what I give you is YOUR income.
Except as otherwise provided in this subtitle, gross income means all income from whatever source derived, including (but not limited to) the following items:
(1) Compensation for services, including fees, commissions, fringe benefits, and similar items;
(2) Gross income derived from business;
(3) Gains derived from dealings in property;
(4) Interest;
(5) Rents;
(6) Royalties;
(7) Dividends;
(8) Alimony and separate maintenance payments;
(9) Annuities;
(10) Income from life insurance and endowment contracts;
(11) Pensions;
(12) Income from discharge of indebtedness;
(13) Distributive share of partnership gross income;
(14) Income in respect of a decedent; and
(15) Income from an interest in an estate or trust.
Not sure what your point was....
Originally posted by Sri Oracle
It is an even exchange where neither party gains income. My labor was worth $1000, you paid me $1000. I gave you my time, and time is money. You gave me your money. We are even.
The amount of money or its equivalent received during a period of time in exchange for labor or services, from the sale of goods or property, or as profit from financial investments.
....It is conceded by the respondents that there is no constitutional barrier to the imposition of a tax on punitive damages. Our question is one of statutory construction: are these payments comprehended by 22 (a)?
The sweeping scope of the controverted statute is readily apparent:
"SEC. 22. GROSS INCOME.
"(a) GENERAL DEFINITION. - `Gross income' includes gains, profits, and income derived from salaries, wages, or compensation for personal service . . . of whatever kind and in whatever form paid, or from professions, vocations, trades, businesses, commerce, or sales, or dealings in property, whether real or personal, growing out of the ownership or use of or interest in such property; also from interest, rent, dividends, securities, or the transaction of any business carried on for gain or profit, or gains or profits and income derived from any source whatever. . . ." (Emphasis added.) 4
....
Originally posted by ThatsJustWeird
"SEC. 22. GROSS INCOME.
"(a) GENERAL DEFINITION. - `Gross income' includes gains, profits, "and income" derived from salaries, wages, or compensation for personal service . . . of whatever kind and in whatever form paid, or from professions, vocations, trades, businesses, commerce, or sales, or dealings in property, whether real or personal, growing out of the ownership or use of or interest in such property; also from interest, rent, dividends, securities, or the transaction of any business carried on for gain or profit, or gains or profits and income derived from any source whatever. . . ." (Emphasis added.) 4
....
"(a) GENERAL DEFINITION. - `Gross income' includes gains, profits, salaries, wages, or compensation for personal service . . . of whatever kind and in whatever form paid, or from professions, vocations, trades, businesses, commerce, or sales, or dealings in property, whether real or personal, growing out of the ownership or use of or interest in such property; also from interest, rent, dividends, securities, or the transaction of any business carried on for gain or profit, or gains or profits and income derived from any source whatever. . . ." (Emphasis added.) 4
Originally posted by C0le
it states income can be derived from them, but it doesn't state they are income.
Originally posted by IAttackPeople
Incorrect. Time is not money. That's just an old expression.
Gain is not the difference between the values of what is exchanged, it is the difference between the original cost of what is being given-up and the value of what is received.
Your labor didn't cost you anything. Anything you receive for your labor is, therefore, income.