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Old 06-09-2019, 09:01 AM
 
66,437 posts, read 30,294,925 times
Reputation: 8660

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Quote:
Originally Posted by ChiGeekGuest View Post
How many "lower & middle ends" are using:
  • Tax Havens
  • Shell Companies
  • Equity Swaps
  • Avoiding Capital Gains Tax
  • Evading the Estate Tax
  • Shell Tax Funds
  • Incorporating
  • Payments In Kind
  • Life-Insurance Borrowing
  • Real Estate Borrowing

10 ACCOUNTING TRICKS THE 1% USE TO DODGE THE TAXMAN

https://www.accounting-degree.org/accounting-tricks/

More of the same old, lame old libertarian catechism.

How unusual.
So, if all of those are supposedly in use, why does the top 1% have an effective federal income tax rate that's 2.5 times higher than what the middle class (top 10%-25%, income: $80,921 to $139,713) pays?
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Old 06-09-2019, 10:14 AM
 
Location: *
8,093 posts, read 2,410,248 times
Reputation: 2212
Quote:
Originally Posted by Pilot1 View Post
^^^^^Why shouldn't people and businesses LEGALLY use the U.S. Tax Code as written to reduce their tax burden? These are NOT a DODGE but legal means, specifically written by our law makers to incentivize business, and investment. Of course the rich use them because they create the most earnings.

Democrat/Progressive envy and jealous, yet most big corps are lead by Progressive Democrats who ALL use these tax "dodges both in their businesses AND personally. The 1% are mostly Progressive Democrats. Dem Politicians use these dodges. Dem Entertainers use the Dodges. That's OK, right?
Who said those accounting tricks weren't legal or, at least quasi-legal?

I'm just attempting to counter some of the quasi-religious libertarian bs.

Quote:
Originally Posted by InformedConsent View Post
So, if all of those are supposedly in use, why does the top 1% have an effective federal income tax rate that's 2.5 times higher than what the middle class (top 10%-25%, income: $80,921 to $139,713) pays?
How many "lower & middle ends" are using these accounting tricks?

Does your quasi-religious libertarian fantasies include pretending we already have a flat-tax system?

Sheeesh, some of these folks are apparently pretending to live in an Ayn Rand novel.

How can anyone take these fantasies based on emotional drivel seriously?

Lefty Cartoons » Blog Archive » The 24 Types of Libertarian

"no fair oversimplifying our simplistic philosophy!"
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Old 06-09-2019, 10:33 AM
 
66,437 posts, read 30,294,925 times
Reputation: 8660
Quote:
Originally Posted by ChiGeekGuest View Post
How many "lower & middle ends" are using these accounting tricks?
Far fewer than are claiming the tax deductions and tax credits that are phased out at higher income levels, hence the HUGE discrepancy in the effective federal income tax rate each income group pays. The top 1% pays an effective federal income tax rate that's 2.5 times higher than the middle class (top 10%-25%, income: $80,921 to $139,713) pays.
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Old 06-09-2019, 11:04 AM
 
2,733 posts, read 871,625 times
Reputation: 4026
Quote:
Originally Posted by lovecrowds View Post
https://www.healthcarefinancenews.co...anced-medicaid

https://www.nbcnews.com/politics/imm...r-may-n1014186

Wow, going down-hill quickly for sure. It will be interesting to see how much of a disaster area many cities are going turn into in the next decade.

Based on the trends, many liberal cities will turn into a disaster that few can fathom now. Skid Row in LA in 2019 is like a tiny taste of what is coming to liberal Medicaid and Migrant baby factory cities.

I am planning to move to a very rural, very conservative part of America soon because the trends aren't looking good.

Some of you would have fit so well into 1950 America. Bet you would love to go back there.
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Old 06-09-2019, 11:12 AM
 
11,425 posts, read 8,426,043 times
Reputation: 7079
Quote:
Originally Posted by Oldglory View Post
Let's start with enforcing our immigration laws and securing our border. That will mean far less poor giving birth on our soil that shouldn't even be in our country. The future will look brighter with more jobs for Americans and fewer poor people of our own to care for.
Are all the illegal male construction workers single and celibate?

I suspect those Medicaid babies are American by birth. That needs to stop today.

The employers are getting cheap labor while pushing the social cost onto the rest of us.

Just imagine if instead of spending years fighting for a wall, the powers that be had worked to find a way to make Social Security cards secure.
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Old 06-09-2019, 12:57 PM
 
38,085 posts, read 14,878,695 times
Reputation: 24522
Lots of babies born on Medicaid because lots of young people are working at jobs that don't offer insurance.

Hospitals in rural areas are closing all over the place. They can't stay afford to stay open when the only insurance patients have is Medicaid and and Medicare.
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Old 06-09-2019, 01:05 PM
 
1,483 posts, read 413,312 times
Reputation: 858
Quote:
Originally Posted by Jimmyp25 View Post
Probably the same amount because I doubt illegals would want an abortion when they can have an anchor baby that includes 18 years of benefits for free without having to actually pay into the system .
What do you mean “pay into the system”?
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Old 06-09-2019, 03:45 PM
 
36,741 posts, read 16,339,464 times
Reputation: 9879
Quote:
Originally Posted by WMak70 View Post
Some of you would have fit so well into 1950 America. Bet you would love to go back there.
In many ways, yes. But only for the good times.
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Old 06-09-2019, 05:24 PM
 
Location: Divided Tribes of America
13,669 posts, read 5,509,971 times
Reputation: 5358
Quote:
Originally Posted by ohhwanderlust View Post
Which is why universal birth control coverage is something I fully support. Paying for a woman's birth control pills is a hell of a lot less of a tax drain than paying for her kids that would otherwise result.
Exactly right.

Every tax dollar spent on free birth control probably saves 100 tax dollars on social programs, prisons, etc. Libertarians and Republicans should be 100% on board with government funded birth control.
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