Quote:
Originally Posted by Kenneth-Kaunda
That will be compensated for by the higher tax revenues gained from the 5 who are working.
and also, those 5 will spend more.
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Quote:
Originally Posted by Kenneth-Kaunda
it's for the greater good of the working man.
The idea is to make work pay, whatever that work may be.
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It doesn't work that way.
The 5 who are working will not be paying higher tax revenues, in fact, they won't be paying any federal income tax at all, and even that wouldn't be so bad, except tax-payers will be forced at gun-point to hand over several thousand US Dollars in EITC to them.
As I've proven before, there are people who pay no taxes of any kind -- Social Security? They'll get that money back. With the Earned Income Credit not only do they pay no federal taxes, but the taxpayers actually give them a gift of money. Someone with an adjusted gross income of $17,000 (that means they've already taken exemptions and deductions) and one child pays $0 in federal taxes
and they get a free cash tax-payer gift of $2,865.
Google EIC and go to the IRS web-site and do it yourself if you want.
Assuming the entire $17,000 is 100% disposable ((which means I am giving
you the benefit of the doubt) and assuming every single thing they purchase is taxable (again, I'm giving
you the benefit of the doubt) at a rate of 5.5% Sales Tax they would have paid $935 in Sales Taxes.
The free taxpayer gift of $2,864 would negate their Sales Taxes.
The story so far....
Our free-loading minimum wage pukes have paid $0 in federal taxes, plus received
a free cash tax-payer gift of $2,865, against $935 in Sales Tax.
That leaves our free-loading minimum wage pukes with $1,930 of free tax-payer gift money to spend as they please.
The city earnings tax workers pay here is 2.1% of income (and not refundable) so that would be $675 on $32,150 ($32,150 - $15,150 for standard deduction for head of household and two exemptions = $17,000)
The story so far...
Our free-loading minimum wage pukes paid $0 in federal income taxes, and got
a free cash tax-payer gift of $2,865.
$2,865 Free Tax-Payer Cash Gift to the free-loading minimum wage pukes
- $935 in sales taxes (assuming the entire $17,000 was taxable)
- $675 in city/county earnings payroll tax
-------
$1,255
Our free-loading minimum wage pukes still have $1,255 in free tax-payer cash left.
If they buys 30 gallons of gasoline per week, they'll spend about $632 in State and federal gasoline excise taxes.
That still leaves our free-loading minimum wage pukes $600+ from their original generous free tax-payer gift.
But then that assumes they don't get more than $2,865 in EITC free tax-payer cash give-away wealth-transfer.
See how that works?
Watch what happens...
Mircea
Quote:
Originally Posted by matt1984
Can you elaborate what that is?
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Uh, "
that" is a demonstrative pronoun?
Quote:
Originally Posted by matt1984
Right because this has worked so well in third world countries and other places. Leaving people on their own to survive Leaving people to survive on their own has just led to violence and suffering. I am sure there are plenty of selfish would love this so they can go back what they do best only caring about themselves.
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No, actually people survive quite well. To the extent that they do not, that is your fault, since you oppressed them puppet dictators and denied them the very rights and freedoms you enjoy. That must make you feel all warm and fuzzy inside.
Sorry, there is no relationship between poverty and violence.
Where you find violence in 3rd World countries, it is religious-based, political-based or ethnic-based and sometimes a combination of those. It is not based on poverty.
And yes, Sink or Swim does work. If I would be dictator, then I would direct HUD to not pay Section 8 housing to single mothers 26 and under. What would happen? Nothing, except tax-payers would save $Billions. They would move in with mummy and daddy, or mummy, or daddy, or a relative or a friend.
You are aware that it is perfectly legal, moral and ethical to share dwelling space and living accommodations, right?
There's no law or moral or ethical duty or obligation that everyone should have their own special personal private independent dwelling place.
Unless someone is blind, disabled, or over 65, if they're on HUD for more than a year, cut their asses off.
They'll make it.
There are 99 Million households in the US that receive cable, satellite or both. At that time, about 34 Million households were receiving Food Stamp benefits.
Why? Why should I pay someone's cable bill?
Now you have 47+ Million households receiving Food Stamp benefits and you still have 99 Million households with cable, satellite or both, and you think that's funny?
Sorry, I'm not obligated to pay someone's cable, cell-phone and internet bills, or their freaking NetFlix either.
Quote:
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WESTLAKE VILLAGE, (MMD Newswire) October 13, 2011 -- Growth in residential television service revenues is being fueled by increased penetration of DVR hardware and additional viewing services, according to the J.D. Power and Associates 2011 U.S. Residential Television Service Satisfaction StudySM released today
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U.S. Residential Television Service Satisfaction Study Released by J.D. Power and Associates
Quote:
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According to the Dish Network 2011 10K, there are approximately 99 million households in the US that subscribe to cable or satellite television. Cable television companies supply 58% of the market; Satellite accounts for 34%; and Telecom companies represent the remaining 8%.
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So ~99 Million Households in the US get cable or satellite.
http://www.tvb.org/media/file/Nielse...rt-Q3-2011.pdf
At the bottom of Page #2, it says that 3/4 of US TV Households Subscribe to Broadband.
If you look on Page #6 at Table 10, you will see the following:
5.1 Million Households have Broadband Internet, but no Cable/Satellite
80.8 Million Households have Broadband Internet and Cable or Satellite
22.3 Million Households have Cable or Satellite, but either have no Broadband Internet or they they have Narrowband (Dial-Up).
There are only 5.8 Million Households having no Cable, no Satellite, no Broadband and no Dial-up.
Again, you think that's funny?
I'll see how hard you're laughing when you Social Security benefits get slashed 28%-32%, assuming you retire before 2035, because after that, you'll be lucky to get 50% of your benefits.
But, please, go ahead, keep taking money from people to give it to people so they can have broadband and cable and satellite and cell-phones.
Back to this....
There are only 5.8 Million Households having no Cable, no Satellite, no Broadband and no Dial-up.
If there are more than 5.8 Million households receiving Food Stamp benefits, then you're doing it wrong. Cut those benefits, because people don't need them.
Elaborating...
Mircea
Quote:
Originally Posted by jetgraphics
Hyperinflation retrospective...
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Do you worship Herr Josef Göbbels or do you just like to imitate him by spewing propaganda?
Quote:
Originally Posted by jetgraphics
1915 - loaf of bread - $0.05
2012 - loaf of bread - $3.45
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Yeah, so what's your point?
That has nothing to do with hyperinflation (snicker).
Why don't you go to university and learn about things like Natural Inflation and Cost Inflation.
Quote:
Originally Posted by jetgraphics
You can NEVER get ahead of the inflationary curve in that system.
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What inflationary curve?
You're going to work for $8/hour for your entire life --- 40+ years --- and never demand a raise, never demand any additional benefits or increases in benefits?
Really?
Because, you see, if you do demand a raise, you just caused inflation.
Quote:
Originally Posted by jetgraphics
A small reminder and a nod to Congress for debasing the money supply. Great job!
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In the 18 year period 1984-2002, the value of the British Pound Sterling declined 49%.
http://www.parliament.uk/documents/c...3/rp03-082.pdf
Oh, wait, sorry, you wouldn't want to read that because that is what a central bank did, and we all know how central banks are superior to federal reserves (snicker).
I just totally debunked you. Hurry, search the web. I'm sure there's some cockamamie site spewing nonsense that you'll buy into in an heartbeat.
Debunking...
Mircea
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