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Old 02-11-2018, 08:06 PM
 
24,692 posts, read 26,777,106 times
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Quote:
Originally Posted by freemkt View Post
(glare) There really ought to be a glare icon.

If you are a typical wage earner without discretionary income, your tax preparation is going to be straightforward, and smarter tax preparers are not going to be able to reduce your taxes.
You can't reduce income taxes if you are a minimum wage earner who doesn't pay any.
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Old 02-12-2018, 12:23 AM
 
33,046 posts, read 20,708,082 times
Reputation: 8928
Quote:
Originally Posted by SuiteLiving View Post
Your selection of a portion of the quote is misplaced, the entirety of the quote is what should be focused on. If you don't know the laws and how to abide by them in a manner that is most advantageous to you, that's on you.

But wait, is there a third system where it grants landlords dominion over all of their tenants assets?

Yes, it's called "artificial supply shortages" created by zoning codes written for the benefit of property owners.
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Old 02-12-2018, 12:25 AM
 
33,046 posts, read 20,708,082 times
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Quote:
Originally Posted by mysticaltyger View Post
You can't reduce income taxes if you are a minimum wage earner who doesn't pay any.

A childless adult working full time at minimum wage pays $468 in 2017 federal income tax.

Where did you get the idea this worker "doesn't pay any"?\\

THIS ought to be good.
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Old 02-12-2018, 02:41 AM
 
64,524 posts, read 66,075,955 times
Reputation: 42970
Quote:
Originally Posted by freemkt View Post
Yes, it's called "artificial supply shortages" created by zoning codes written for the benefit of property owners.
i knew it .... there it is ...the "rent" once again. i don't think many here really care about your own personal income level vs your rent to the point you steer every thread in that direction . just sayin ! .

Last edited by mathjak107; 02-12-2018 at 03:38 AM..
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Old 02-12-2018, 02:51 AM
 
2,485 posts, read 2,598,961 times
Reputation: 4847
Federal and State tax codes are made publicly available and you can read them for free on the Internet -- the entirety of them. If you can't afford the Internet, you can go to the library for free where you can read this free tax code legislation. That's a lot of reading.
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Old 02-12-2018, 04:24 AM
 
2,240 posts, read 1,385,700 times
Reputation: 4894
Quote:
Originally Posted by freemkt View Post
A childless adult working full time at minimum wage pays $468 in 2017 federal income tax.

Where did you get the idea this worker "doesn't pay any"?\\

THIS ought to be good.
And what effective tax rate is that?

3%?

That’s a pretty small rate to pay on a very small base. Some might say that’s “nothing”. For example, I pay far more in federal income tax alone than a full time, minimum wage earner grosses in a year.

Last edited by Thatsright19; 02-12-2018 at 04:46 AM..
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Old 02-12-2018, 04:49 AM
 
4,711 posts, read 2,251,841 times
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Quote:
Originally Posted by freemkt View Post
A childless adult working full time at minimum wage pays $468 in 2017 federal income tax.

Where did you get the idea this worker "doesn't pay any"?\\

THIS ought to be good.
If you're a single person who make $15,010 or less in 2017 you'd qualify for EITC of up to $510.

Retirement savings contribution credit of 50%, for example if someone was low wage but had enough extra disposable income to invest in silver or storage units for failed business models they could instead throw it into an IRA and get RSC.
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Old 02-12-2018, 06:25 AM
 
3,716 posts, read 1,666,317 times
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Quote:
Originally Posted by Free-R View Post
Federal and State tax codes are made publicly available and you can read them for free on the Internet -- the entirety of them. If you can't afford the Internet, you can go to the library for free where you can read this free tax code legislation. That's a lot of reading.
Ignorance of the law.. yadda, yadda.

The truth is everyone is ignorant of the law. The law has become so vast and so complex and so lengthy and so intrusive that not one person on earth can know more than a tiny corner of it.

It's even worse for tax law. The dual tax system is deliberate. One part if for the people who pay taxes. The other is for the tax lawyers, CPAs, H.R. Blocks, and other vultures that feed off of them.

It was better when the law was the 10 Commandment or the four books of Moses. At least people could know them. And obeying them produced better people than obeying the current mish-mash does.
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Old 02-12-2018, 06:32 AM
 
3,298 posts, read 911,548 times
Reputation: 2005
Quote:
Originally Posted by Troyfan View Post
Ignorance of the law.. yadda, yadda.

The truth is everyone is ignorant of the law. The law has become so vast and so complex and so lengthy and so intrusive that not one person on earth can know more than a tiny corner of it.

It's even worse for tax law. The dual tax system is deliberate. One part if for the people who pay taxes. The other is for the tax lawyers, CPAs, H.R. Blocks, and other vultures that feed off of them.

It was better when the law was the 10 Commandment or the four books of Moses. At least people could know them. And obeying them produced better people than obeying the current mish-mash does.
So true and applicable to a whole host of special interests. We see the vulture/leech portion of society fighting to protect it's special interests not only in the realm of taxation, but also for example, the poverty industry, the abortion industry, even the real estate industry. All vultures!
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Old 02-12-2018, 07:01 AM
 
10,608 posts, read 13,373,641 times
Reputation: 17153
Quote:
Originally Posted by freemkt View Post
(glare) There really ought to be a glare icon.

If you are a typical wage earner without discretionary income, your tax preparation is going to be straightforward, and smarter tax preparers are not going to be able to reduce your taxes.
What? I don't even understand where this is going, with all the vague-ness.

That statement proves that there are NOT Two Americas where one group is being somehow cheated (or whatever)

The people making an average wage don't even have enough to worry about compared to the vilified "wealthy".

If you'd like to create a form MORE SIMPLE than the EZ, let's see it.

OH WAIT. The postcard is coming, never mind.
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