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Originally posted by Apolon
Taxing 40% on your earnings is ILLEGAL in USA and many other states but we assume that it has to be paid because
You do realize that the top 1% of income earners pay over 50% of the tax revenue, and the top 50% pay 96% of tax revenue. That means the bottom 50% is paying 4% of the tax burden.
Originally posted by undermind
If this is true, why not abolish income tax for the bottom 50%, and reduce govt expenditure in collecting and processing? If only 4%, govt would save far more and garner huge popular support.
Originally posted by eyewitness86
Why is that? Here's why: The business man you theoretically mention will NOT pay even a small portion of what he should. He will have lawyers and advisers find the loopholes , like the rich always do, and pay little or nothing at all. Business have so many deductions they can taake, from building depreciation on as far as you can imagine.
The rich normally never pay a percentage that comes even close to what the poor man pays: The poor guy will pay 40% out in taxes to Fed and state, and the rich guy will end up giving maybe 10%, which may equal more dollars than the poor mans contribution, but is a heel of a lot less than what it would be it the system were fair.
A world where 4% have it all and 96% have little is a shame and a call for revolution, to overthrow the filthy rich who enslave and mistreat the common man.
No, I am not a communist, or socialist. I am saying that at some point there will be an equalization, there always is.
To cover the loss of manufacturing jobs, our government has invented the catch phrase "service economy". This is the idiotic notion that we don't need to actually sell manufactured products; that we can grow and prosper our nation by doing each other's laundry for a fee. To conceal the loss of manufacturing jobs, the government has legislated into existence thousands upon thousands of useless paper-shuffling jobs, and declared their necessity by fiat. The most obvious is the income tax which has been so obfuscated by the government that half of you had to rely on an outside expert to figure out just what all those incomprehensible words really meant. By this device, the government has replaced those jobs that made products to sell with an equal number of jobs that produce nothing whatsoever of any worth, except to keep the unemployment figures down. This over-burdening of the American people with gratuitous regulations and paperwork has accomplished nothing except to obfuscate the loss of manufacturing jobs , and to transform the American character from innovators and inventors creating new products to that of minor clerks, peeking under each other's seat cushions for lost change.
The government is borrowing so much money that it drives the interest rates up! You pay MORE interest on your mortgage, car loan, and credit cards, because the government cannot balance its books. That extra interest you pay is therefore another hidden tax.
Originally posted by eyewitness86
I must admit you made a great reply. I must concede certain points. BUT, the poor man is who? The guy that is working for the rich man!! The employee that gets a wage that barely allows survival while the rich owner lives like a king from the labors of the poor man is the one I mean. Sure, there are poorer people that have zero and no job, or cannot work, the disabled, etc..and they are the ones that suffer in this nation.
Originally posted by Xtrozero
reply to post by undermind
Did you know our government spends 500 billion on services and welfare every year? When did the constitution state that the federal government should provide anything in the form of services and welfare? Also, if we had just a flat tax then everyone would just get a bill. We could even make everyone pay the same…lets say 5% of their gross, I think that would be fair. IRS would be a workforce of 10 people…
Originally posted by Bhadhidar
Did you know that, in the US, most of the expense for "services" and "welfare" go to children under the age of 12?
Now, are you suggesting that we put those children to work and make them earn their own keep (Maybe they could all be sold off to the booming 'child sex trade'?!!), or maybe we should just let them die of starvation and exposure in the streets, they aren't our kids after all!
Or are you suggesting that the financial burden be shifted to the individual states to deal with, relieving the Federal government of the onus? Do you really believe that such a transfer would, in any way lessen your tax burden?
The states would have to raise the tax rates they impose to cover the additional cost.
Originally posted by Bhadhidar
Did you know that, in the US, most of the expense for "services" and "welfare" go to children under the age of 12?
Now, are you suggesting that we put those children to work and make them earn their own keep (Maybe they could all be sold off to the booming 'child sex trade'?!!), or maybe we should just let them die of starvation and exposure in the streets, they aren't our kids after all!