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And I'd say its wrong for corporations to take advantage of workers to fatten their pocketbook or take advantage the environment to further their riches. If corporations shared your thoughts about right and wrong, we would require alot less govt. to police greedy people that do those types of things.
Those that benefit from the system the most ought to pay more into the system because they benefit more from the system.
We have had income redistributed for a long time in this country. It has being going upward to the top earners and their ancestors for awhile now.
Poverty is getting worse in this country not better.
Fair or not, I don't think a family of 4 that is making less than $25,000/yr. should pay any income tax. Talk about really trying to keep someone down.
Quote:
Originally Posted by pollyrobin
But is it fair that my tax dollars go to pay for special interests of large corporations that makes tons of
money on getting us involved in military conflicts
that I have no interest in? Has there ever been a recent military conflict that was initiated by the middle class tax paying public.
I should have expected a subject change when you couldn't win the argument. I agree that corporations should also pay more in taxes and should lose a lot of loopholes but that's not what we were talking about now is it?
Income taxes are garbage to begin with. There should be a progressive sales tax. and if they are going to have an income tax, keep it low and flat with a cut-off at $40k for singles and $65k for couples. There should also be no inheritence tax under x amount of the total value of things received.
I should have expected a subject change when you couldn't win the argument. I agree that corporations should also pay more in taxes and should lose a lot of loopholes but that's not what we were talking about now is it?
Income taxes are garbage to begin with. There should be a progressive sales tax. and if they are going to have an income tax, keep it low and flat with a cut-off at $40k for singles and $65k for couples. There should also be no inheritence tax under x amount of the total value of things received.
I somewhat agree, I would love to see a flat consumption tax with simple exemptions for food and things like that. Do away with income tax, it's too easy to cheat the system.
Any loophole that allows a 50 billion dollar a year corporation to pay no federal taxes while collecting grants from the government to do research which in turn earns them more money. I'm all for big business, I support the free market but there are a lot of companies out there paying out millions in bonuses while paying no taxes to this country.
Any loophole that allows a 50 billion dollar a year corporation to pay no federal taxes while collecting grants from the government to do research which in turn earns them more money. I'm all for big business, I support the free market but there are a lot of companies out there paying out millions in bonuses while paying no taxes to this country.
Then you do not feel wages should be deducted?? Many times those bonus are part of the contract.
Then you do not feel wages should be deducted?? Many times those bonus are part of the contract.
If a bonus is a part of a person's compensation package then they're entitled to it BUT most bonus situations are dependent on teh company's profitability or some specific target amount to reach in sales or whatever. I know my bonus is based on the overall performance of the company I work for along with my individual performance. If a company is performing well enough that they can afford to pay out millions in bonuses then they can clearly afford to pay taxes without hiding money overseas or using loopholes to pay nothing.
If a bonus is a part of a person's compensation package then they're entitled to it BUT most bonus situations are dependent on teh company's profitability or some specific target amount to reach in sales or whatever. I know my bonus is based on the overall performance of the company I work for along with my individual performance. If a company is performing well enough that they can afford to pay out millions in bonuses then they can clearly afford to pay taxes without hiding money overseas or using loopholes to pay nothing.
I am not good a corporate tax law.
Most the businesses in the US small S Corp and sole proprietor.
Without those deductions either prices would raise or, they would go out of business.
Whenever someone suggests that we should tax the rich more, people state that the rich are already paying a huge amount of the taxes. Therefore, it's not fair to make them pay more taxes.
However, if you ask the same people why life's playing fields are not equal, they'll say that life is not fair and that the unfortunate should just deal with it.
Basically, they're using fairness as a reason for not increasing taxes on the rich, but simultaneously completely ignoring the lack of fairness in other parts of society.
The whole argument is honestly a strawman. One has nothing to do with the other.
Even if it did, I don't think that's hypocritical. The gov't taking someone's money is not the same as someone being dealt a hand in life. It's up to the person to make his life what he wants it to be and play his hand well, even if it's a crappy hand. The gov't taxing the rich at a higher percentage (and the poor at a lower percentage or not at all) does not give the person a choice. I suppose it's a choice to make more money, but why does it make sense that more of your money should be taken away just b/c you work harder than the next guy or make better business or investment decisions? It's not necessarily about being fair, it's about making common sense.
I still don't understand how people do not realize that a percentage is a percentage, if I make more money, even if I am taxed at the same rate, I still pay more. It's a basic mathematical concept, but yet people still demand the rich pay upward of 50% of their income while the poor pay literally nothing and then turn around to receive money out of the system (so they are causing a deficit for the gov't).
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