Isn't it about time to tax the rich at a higher rate? (Harry Reid, Reid)

[InformedConsent]

Originally Posted by greywar

Ahh...in other words destroy the government! Hooray! Oh wait...the government is WHAT gives our money value.

Yeah, that's why so many corporations are leaving the country.

“It’s becoming increasingly disadvantageous to be a US-based multinational,” said Eric Toder, codirector of the Tax Policy Center, a nonpartisan Washington, D.C., think tank. “So what’s the solution? You stop being a US-based multinational.”

US companies switching headquarters abroad for tax purposes - Business - The Boston Globe

U.S. taxation policy is killing the goose that lays the golden eggs.

You all are going to run out of OPM (other people's money). Then what?

[pnwmdk]

Originally Posted by greywar

Ahh...in other words destroy the government! Hooray! Oh wait...the government is WHAT gives our money value.

Explain your moral authority to take control of money money away from me in favor of yourself.

[lifeexplorer]

Originally Posted by pnwmdk

No, ask him his definition of "society".

I already know. I am entitled to other peoples asset by my very existence.

[InformedConsent]

Originally Posted by lycos679

What do you think an exception to the rule is?

I don't see the word "exception."

Tax Topics - Topic 412 Lump-Sum Distributions

[lifeexplorer]

Originally Posted by InformedConsent

Yeah, that's why so many corporations are leaving the country.


US companies switching headquarters abroad for tax purposes - Business - The Boston Globe

U.S. taxation policy is killing the goose that lays the golden eggs.

You all are going to run out of OPM (other people's money). Then what?

My employer moved their HQ for this very reason. Pretty soon they will be closing down their factories in the US too.

[lycos679]

Originally Posted by InformedConsent

I don't see the word "exception."

Tax Topics - Topic 412 Lump-Sum Distributions

That's because you are playing dumb.

ex·cep·tion
noun \ik-ˈsep-shən\

someone or something that is different from others : someone or something that is not included
a case where a rule does not apply

something excepted; an instance or case not conforming to the general rule.

[Votre_Chef]

It's morally wrong to NOT pay one's fair share of the federal income tax.

Fairness is completely subjective, morality is debatable, so that statement is meaningless.

[Driller1]

Originally Posted by Lowexpectations

I think FICA should be paid on all earned income and I benefit currently from the cutoff. It certainly doesn't take top 1% to benefit from the cutoff however it certainly doesn't cut my effective rate in half lol

One thing good about self employment is you do not always have to pay into SS.

I will handle my own retirement.

[Driller1]

Originally Posted by lifeexplorer

Those who don't pay income tax should not be allowed to vote.

Pay or, file???

[Lowexpectations]

Originally Posted by InformedConsent

Not that many. About 57 million, less than 20%, are on SS or SSI, and of those who receive those benefits, there's no breakdown of whether that's their sole source of income.
Monthly Statistical Snapshot, May 2014

The number on military disability is several million.

Regardless, everyone can pay something.

It seems it accounts for a fairly decent amount of folks, "not that many" certainly downplays it a lot more than reality


The Real Truth Behind The 47 Percent - Why Aren't These People Paying Federal Income Taxes? - Forbes