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Either 100 or 0 percent should be paying Federal Income Tax, starting at gross earning dollar one, every single year. Those who perpetually get back EITC beyond the net FIT they have paid for any 5 year span, are freeloaders.
I made 30,000 dollars last year and I paid in about 3,000 in taxes. I got NONE of it back. I thought the bottom fifty percent didn't have to pay taxes?
Many corporations pay ZERO due to loopholes, doesn't that make the rich the freeloaders?
Anecdotal evidence does not make valid comparisons.
FACT of relevancy
47% of tax filers pay $0.00 (or less) in Federal Income Tax
40% of tax filers, not only pay $0.00 in Federal Income Tax, but also get money FROM the government (read, "taxpayers") in the form of Tax Credits exceeding Income Tax Due.
Corporations, as well as all other businesses (LLC, partnerships, sole proprietorships) pay taxes on PROFITs, not GROSS RECEIPTS). Also, it is a mistake to infer that "corporation" equates to "rich".
You mean like the payroll tax and other deductions workers have taken out of their paychecks?
No, like government protected land deeds, government protected natural resources, government protected limited liability status on corporations, things like that. Geolibertarianism - Wikipedia, the free encyclopedia
No, like government protected land deeds, government protected natural resources, government protected limited liability status on corporations, things like that. Geolibertarianism - Wikipedia, the free encyclopedia
Who and what determines such rent on natural resources? It also sounds like socialism where a person simply "rents" the resources, while the government owns it.
Who and what determines such rent on natural resources? It also sounds like socialism where a person simply "rents" the resources, while the government owns it.
There are various models, I prefer the ownership model where the land rent (tax) is paid to the government for the privilege of having them protect your exclusive use of a limited resource. If you were the Irvine family and you owned a couple million acres of land in the middle of Orange County (land bought for pennies from someone who was given the land by government), you would pay a higher tax on undeveloped land and as you develop it, your tax is reduced.
Some land could be held in a private trusts such as they have done in Arden DE for over 100 years.
There are various models, I prefer the ownership model where the land rent (tax) is paid to the government for the privilege of having them protect your exclusive use of a limited resource. If you were the Irvine family and you owned a couple million acres of land in the middle of Orange County (land bought for pennies from someone who was given the land by government), you would pay a higher tax on undeveloped land and as you develop it, your tax is reduced.
Some land could be held in a private trusts such as they have done in Arden DE for over 100 years.
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