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Old 05-14-2016, 10:50 AM
 
39,109 posts, read 20,252,823 times
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“Income” and “wealth” have incorrectly become synonymous in American culture. While the two concepts often go hand in hand, using the terms interchangeably is misleading. America’s most wealthy individuals don’t necessarily draw the highest levels of income.

Obama mislead Americans to gain support for raising taxes on people who depend on income while the truly wealthy already have their money in the bank. And because people don't understand that yearly taxs filings don't report wealth, Hillary and leftist are misleading Americans to demonize Trump.
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Old 05-14-2016, 11:52 AM
 
4,176 posts, read 5,468,701 times
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Originally Posted by petch751 View Post
If is obvious that most people don't understand the tax code. Why is that? If politicians really cared about helping the American people they would do 2 things,

1. Simplify the tax code so anyone could understand it. After all if the voter registration is too hard and racist why isn't the 72,000 page tax code too hard and racist?

2. Lower taxes. But they don't care enough to do either.

Politicians want more tax revenue (translate, they want more of your money). But to increase taxes, politicians have to risk voters' wrath if they enact new and higher taxes. The politician's solution is complexity to hide tax increases.

They are now using a psychological gimmick. Even though politicians wrote the tax code they want to demonize anyone who uses it to reduce their taxable income.
This is 100% correct.

Other countries, even the UK, are capitalizing on our politicians' stupidity by making their tax codes more competitive as we move forward with national suicide.

Paul Ryan talks a lot of s*** but, as far a I know, hasn't even introduced a bill for tax reform. Even if it doesn't pass the Senate or get signed by Obama, he can expose the Democrats as the frauds they are when they're forced to vote against a tax plan that is orders of magnitude better than what we are now. His package would easily pass the House and there would probably be some Democrats in the House to support it as well.
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