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Employer-provided fringe benefits (e.g. health insurance) which currently enjoy tax preference - NOT considered income to the employee - retain their tax preference under Rand Paul's tax plan.
Employee A receives $40K cash.
Employee B receives $30K cash, $10K benefits.
Sucks to be A in Rand Paul's world.
Employer A, B, C - pays little federal taxes
Business owner A who employs Employer A is successful and pays taxes out the ass so cuts back hours on Employee's A,B,C.
They may not pay much in federal income tax, but the working poor DO pay state sales tax, employments taxes, social security tax, excise taxes, bridge tolls, gasoline taxes, telephone taxes and so on.
Those of us who busted our asses to make a better life didn't do it to pay your share of taxes... AND we ALSO pay state, sales, employment, ss tax, excise tax, bridge tolls, gasoline tax and so on. You act as if we don't pay those taxes ON TOP of paying your share of federal taxes.
What? do you want us to pay your share of all those taxes too?
People are sick of dragging all this dead weight around.
Employer A, B, C - pays little federal taxes Business owner A who employs Employer A is successful and pays taxes out the ass so cuts back hours on Employee's A,B,C.
Sucks!!! to be BO in Obama's world.
??? ???
My employer spends three months every year traveling overseas; if he pays taxes out the ass (sounds painful!) he isn't complaining about it.
Those of us who busted our asses to make a better life didn't do it to pay your share of taxes... AND we ALSO pay state, sales, employment, ss tax, excise tax, bridge tolls, gasoline tax and so on. You act as if we don't pay those taxes ON TOP of paying your share of federal taxes.
What? do you want us to pay your share of all those taxes too?
People are sick of dragging all this dead weight around.
Christ dude get over yourself. The system was designed to be progressive. The rich pay most of the taxes (as a % of total). Unless your in the 1% and paying millions in taxes stop complaining.
The question is, where does this top 1% get their money? The general economic argument is that "They simply earn that money through entrepreneurship and hard-work". Well, do they?
Lets understand, the vast majority of the income of this top 1%, comes from "capital gains". As a general rule, these capital gains are related to the increase in value of their holdings of stocks. But what causes a stock to go up in price?
Stocks go up in price through a bidding system. But, it takes money to bid up the price of a stock. And so, without the influx of new money, the price of individual stocks can go up and down, but the overall size of the stock market doesn't usually change much.
As a general rule, if the stock market goes up 5% in value, that means the total amount of money available to bid up the stock market has gone up 5%. Now, that isn't always true, because sometimes people pull their money out of stock markets altogether, or buy other assets, such as gold and real-estate. But as a general rule, a 5% increase in the value of the stock market, means the bidders in the stock market have 5% more money to use to bid up the system.
The vast majority of that money comes through the "expansion of the money supply" through the Federal Reserve. Though they can divert more money from other things into the stock market. Something like "privatizing social security" would divert a huge amount of new capital into bidding up the stock market. Right now, the Social Security system is mainly built off government bonds.
Since the vast majority of the "so-called" wealth is produced through the machinations of the Federal Reserve, and goes directly into the pockets of the rich. Then it should be no surprise that the most profitable industries tend to be those who seek mostly wealthy customers. Basically, "luxury" markets, especially expensive real-estate in places like New York City(IE where Wall Street is actually located). As well as luxury cars, yachts, electronics, etc.
This is all part of the overall "trickle-down" economic system. The incomes at the top are created through monetary inflation. The super rich spend that money buying luxury goods from the upper-middle class. The upper-middle class buys goods and services made by the labor of the middle-class, and the middle-class buys goods and services provided by the lower-classes.
And then everyone at the "top" and "middle" whines about how lazy these poor people are because they don't pay enough taxes.
If poor people weren't beneficial to the "rich", then Why do you think the corporations and big-business invite in so many third-world immigrants?
As long as the middle-class continues to see the poor as their enemies, the rich win. And we will never be able to throw off this corrupt system.
My friends, our enemy is the banks. They have always been our enemy, and they will always be our enemy.
Christ dude get over yourself. The system was designed to be progressive. The rich pay most of the taxes (as a % of total). Unless your in the 1% and paying millions in taxes stop complaining.
Christ dude get over yourself. The system was designed to be progressive. The rich pay most of the taxes (as a % of total). Unless your in the 1% and paying millions in taxes stop complaining.
It is clear that:
a) you pay nothing in federal taxes
b) have absolutely no clue how this works
Typical liberal trying to redirect the topic. If you want to talk about war finances, why don't you start a different thread on it? It has nothing to do with this topic.
BullShi- it has nothing to do with this thread.
American taxpayers have subsidized the MIC for way too long and for way too much.
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aying millions in taxes stop complaining.
