Now this is some fucking bullshit.
Nearly half of US households escape fed income tax - Yahoo! Finance
Nearly half of US households escape fed income tax - Yahoo! Finance
Nearly half of US households pay no fed income tax
- Thread starter Magic Hat
- Start date
Yep that is pretty much some bullshit, sucks when you make enough that you make up for all the cocksuckers that pay no tax.
EDIT: Disclaimer, not that I don't agree with the article, but the problem isn't people, it's congress who makes these laws..
FIXED:
"We have 50 percent of VOTERS who are getting something for nothing, thanks to the guys/gals they elected to congress." said Curtis Dubay, senior tax policy analyst at the Heritage Foundation.
~350M people in the USA, flat tax based on income, no credits.
20K == $500 tax
40K == $1200 tax
$80K == $2000 tax
150K == $5K
300k+ == $10K per 300K earned.
Simple, fair, and would save us BILLIONS in IRS expenses.
Probably, I haven't seen an argument for/against it personally, so I don't know!
Wolfe
\
Ignorant on tax reform since 1980!
Was making a joke. A lot of people in MD drive to outlets in DE since there is no sales tax there.
One of the consequences of this type of disparity involves how one group eventually views the other. Whenever one group is given undeserved "rights" at the cost of treating another group unfairly, the second group resents the first. Sometimes, the resentment is so subtle, it's missed. But, it festers under the surface and influences relations.
It happens between age groups. Ex. health care - the young are forced to subsidize care for the old. (Admittedly, this is a gross oversimplification.)
It happens between races. Ex. affirmative action - people are chosen for employment based, in part, on criteria that lie outside the scope of job qualifications. (Again, an oversimplification since affirmative action involves gender, those with disabilities, and other sects.)
It happens between genders. Ex. divorce and family law - women are often given alimony, custody of children, and spousal support. These "obligations" are forced upon men based on presumptions of responsibility, lesser ability to care for children, and notions of being the advantaged gender (respectively).
In each case, the group that is treated unfairly to ensure another group enjoys undeserved "rights" comes to resent the latter group.
At the center of these shenanigans... the state (directly or indirectly).
It happens between age groups. Ex. health care - the young are forced to subsidize care for the old. (Admittedly, this is a gross oversimplification.)
It happens between races. Ex. affirmative action - people are chosen for employment based, in part, on criteria that lie outside the scope of job qualifications. (Again, an oversimplification since affirmative action involves gender, those with disabilities, and other sects.)
It happens between genders. Ex. divorce and family law - women are often given alimony, custody of children, and spousal support. These "obligations" are forced upon men based on presumptions of responsibility, lesser ability to care for children, and notions of being the advantaged gender (respectively).
In each case, the group that is treated unfairly to ensure another group enjoys undeserved "rights" comes to resent the latter group.
At the center of these shenanigans... the state (directly or indirectly).
On the other hand, those 50% of Americans are probably broke, in debt, and living paycheck to paycheck.
I had to pay the most I've ever paid in taxes this year, but I also had a pretty good year. I would rather be an affiliate doing well and paying taxes than one of the people raising a family of four on $50k.
I had to pay the most I've ever paid in taxes this year, but I also had a pretty good year. I would rather be an affiliate doing well and paying taxes than one of the people raising a family of four on $50k.
I think people don't understand that inflation is a tax everyone pays, and in a debt money system, inflation is constant and compounding.
Some progressives in particular get upset, and say, "real incomes are falling, people are deeper in debt, the middle class is shrinking".
They are right.
But they don't understand why these things are happening. They say silly things like capitalism is inherently destructive or oscillate between greed and right wingers being to blame for all things. The reality is, both the left and right (welfare and warfare) agendas are conducted by inflation which is the destruction of purchasing power (specifically the purchasing power of savings).
This makes it increasingly difficult for poor people to work hard, save money and bootstrap themselves to the middle class, as had happened in most of the 19th and early 20th century.
The less money you have, the harder hit you are by inflation. First, because you have less purchasing power in the first place, so every erosion starts to hurt your basic necessities, and second because poor people are the last to get new money that is injected into the economy (that causes inflation). They are last in line because the new money is introduced through the banking system, and only the wealthy and politically well connected have access to such credit.
Until people can understand this history, will keep repeating itself. Conservatives will moan about welfare, Progressives will moan about greed, and both will continue to miss the point completely.
Some progressives in particular get upset, and say, "real incomes are falling, people are deeper in debt, the middle class is shrinking".
They are right.
But they don't understand why these things are happening. They say silly things like capitalism is inherently destructive or oscillate between greed and right wingers being to blame for all things. The reality is, both the left and right (welfare and warfare) agendas are conducted by inflation which is the destruction of purchasing power (specifically the purchasing power of savings).
This makes it increasingly difficult for poor people to work hard, save money and bootstrap themselves to the middle class, as had happened in most of the 19th and early 20th century.
The less money you have, the harder hit you are by inflation. First, because you have less purchasing power in the first place, so every erosion starts to hurt your basic necessities, and second because poor people are the last to get new money that is injected into the economy (that causes inflation). They are last in line because the new money is introduced through the banking system, and only the wealthy and politically well connected have access to such credit.
Until people can understand this history, will keep repeating itself. Conservatives will moan about welfare, Progressives will moan about greed, and both will continue to miss the point completely.
i believe this is a direct result of outsourcing which is still the biggest issue in our nation that people don't fully understand. Outsourcing eventually causes the lost of jobs in the US and a decrease in the value of the dollar. Outsourcing indirectly leads to inflation and many other economic issues prominent now.
Stop Hiring Indians to do your work!! not that i have anything against indians, I would like to see the US recover from this economic trough within 20 years.
Stop Hiring Indians to do your work!! not that i have anything against indians, I would like to see the US recover from this economic trough within 20 years.
While I agree with everything you just said, some people also benefit from inflation. Like anyone who is in large debt and has no cash. Or nations in the same situation as a whole.
No one is going to be better off by going back to working in factories or by doing their own social bookmarking.
The only way for an economy to get out of depression is for the too big to fails go bankrupt (releasing resources to the healthy firms to use), government slashes spending, and interest rates rise.
Let me explain some basic shit to you. The United States of America is the richest nation on earth. What that means is we have incredible purchasing power relative to other nations, which has in turn created a consumer focused / dependent economy. The winners in said economy are the ones who can make a PROFIT by and while contributing to this economy. So they must buy low, sell high. Smart people leverage geo arbitrage to create products and services cheaper than they sell them in the US. They also use the fact that they have much easier access to capital than those they are employing. Stupid people complain that people who don't even speak English are taking their jobs. Let me tell you if someone who doesn't even speak English can out compete you, you need to take your ass to school.
The US still makes crap. We make the google search, the apple iphone, etc. And the google search is using indian labor to review ads and the apple iphone is assembled in asia. These products are still "made" here, but like everything else in a global economy, their components are sourced to the most efficient location.
All the people saying stop outscourcing, stop buying foreign, etc, do not understand a god damn thing about capitalism and think that protectionism will help the US. What will actually help the US is education and entrepreneurism. If you want the US to recover, you need to help our members compete in a global economy. And that certainly doesn't mean by being less efficient by hiring people for higher wages than is necessary.