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RE: Thoughts on taxes - 2/15/2015 7:03:08 PM   
MercTech


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And on a lot of products; you pay sales tax on an excise tax. Rather strikes me as greedy.

(in reply to KenDckey)
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RE: Thoughts on taxes - 2/15/2015 7:39:47 PM   
MrRodgers


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quote:

ORIGINAL: NorthernGent


quote:

ORIGINAL: MrRodgers

Some businesses realize a large actual profit while showing a paper (for tax purposes) loss.


Curious about how this works in the US. I thought your Corporate Governance had improved after the Enron shambles.

As with Enron, you could report anything providing the auditors were in on it and there was a complete failure of Corporate Governance.

Furthermore, I'm not quite sure why anyone would want to report a loss when they'd made a healthy profit. Yes, of course you may save a few quid in tax, but that short term gain will be comfortably wiped out when investors review measures such as EBITDA when deciding whether or not to invest.

There is tax planning of course, and smoothing your profits and tax cashflow to manage investor expectations, but assuming investors in the United States are interested in working capital I doubt they'd be pleased with a company which appears to be eating into cash and cash equivalents.

Assuming the aim of the game is to present a growing business, growing in a sustainable fashion, then reporting a loss in order to save a few quid in tax makes no sense. The only possible scenario where to me there appears to be some value in it, is one in which the company is struggling to stay in business/pay its bills. In this scenario, what EBITDA says is the least of your worries as you need to save cash to keep your head above water. But, even then, you would need the auditors in on the scam.

Well in some cases there are no investors (or auditors) to worry about except an individual or a small partnership. (and LLC) The partnership can pocket the cash flow or realize an actual profit and with taxes, costs (interest) and depreciation...show a paper loss to the govt. Therefore, no schedule C or corp. taxes.

< Message edited by MrRodgers -- 2/15/2015 8:01:01 PM >

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RE: Thoughts on taxes - 2/15/2015 7:44:23 PM   
MrRodgers


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quote:

ORIGINAL: bounty44

I don't think conservative and libertarian types would disagree with you in general but rather would disagree greatly in terms of "degree."

I suspect most of us understand the need for taxes to provide for defense, the legal system, etc...but if you put a social/political mix of people in the same room and ask them what is the role of government and what should taxes support, you'd get wildly different answers.

from the conservative and libertarian perspective, government on the whole does few things well such that the private sector, or private citizens, couldn't do better, and with less expense---so it peeves us to give more of our dollars to a wasteful, inefficient and oversized government.

True enough but only govt. can be charged with defense, law enforcement and the courts, as well as the admin. costs. Even there, the wasteful and inefficient hits the DOD (Pentagon) and admin.


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RE: Thoughts on taxes - 2/15/2015 7:52:53 PM   
MrRodgers


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quote:

ORIGINAL: KenDckey

I love the discourse and exchange of ideas and thoughts.

Please Keep them coming.

Well then I'll add that I think a flat tax borders on immoral. When somebody can make million$ in a year and over even a short few years, accumulate tremendous wealth and wealth earning assets and property, they should pay a much higher rate as in a social insurance premium.

They have a whole lot more to lose to criminals and enemies, so should pay a whole lot more for that protection.

A British study claimed the US paid $2 trillion in defense profits during the cold war. With taxes of the wealthiest Americans going down the most through 1990...the top 20% paid approx. $1 trillion less of that $2 trillion than they otherwise would have.

< Message edited by MrRodgers -- 2/15/2015 8:10:32 PM >

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RE: Thoughts on taxes - 2/15/2015 7:54:49 PM   
MrRodgers


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quote:

ORIGINAL: MercTech

And on a lot of products; you pay sales tax on an excise tax. Rather strikes me as greedy.

Then one pays no federal tax on that sales tax even if one must estimate them. Seems also those excise taxes hasn't hurt the sales of say...tires and jewelry.

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RE: Thoughts on taxes - 2/15/2015 7:58:01 PM   
DaddySatyr


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Geez! I always thought that we were for "equal protection under the law" in this country. I guess that only means in certain instances?

Count me as one who is FOR a consumption tax. Those who are "rich" usually pay more, even if it's just for the basics.

If a "poor" person wanted to buy a house at $60,000, at a 10% tax rate, that would be $6,000 in tax.

A "rich" person buys the same type (size, etc.) of house in a different neighborhood for $175,000. The tax on that would be $17,500. How is that not "paying their fair share" (accent on the word "fair", if you please)



Michael


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RE: Thoughts on taxes - 2/15/2015 8:07:53 PM   
MrRodgers


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quote:

ORIGINAL: DaddySatyr


Geez! I always thought that we were for "equal protection under the law" in this country. I guess that only means in certain instances?

Count me as one who is FOR a consumption tax. Those who are "rich" usually pay more, even if it's just for the basics.

If a "poor" person wanted to buy a house at $60,000, at a 10% tax rate, that would be $6,000 in tax.

A "rich" person buys the same type (size, etc.) of house in a different neighborhood for $175,000. The tax on that would be $17,500. How is that not "paying their fair share" (accent on the word "fair", if you please)



Michael


But your example is a one time (sales not income) tax that doesn't come close to paying for the basics. In fact RE and property taxes do come closest to a flat tax as a rate on value but few if any other taxes do and couldn't. Many seniors don't pay any RE taxes.

Then on top of that, most local govts still need to float bonds (borrow) to pay for schools and bldgs.

Put another way, equal protection under the law also means equal defense and criminal protection. But what is being protected is not equal and by a very large margin. Those having enjoyed such protections and are able to amass million$, even billion$ in wealth and wealth earning assets, thus a much higher percentage of society's wealth...should then pay a much higher percentage in taxes for the 'equal protection' provided for that wealth.

< Message edited by MrRodgers -- 2/15/2015 8:19:40 PM >

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RE: Thoughts on taxes - 2/15/2015 8:14:27 PM   
DaddySatyr


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quote:

ORIGINAL: MrRodgers

But your example is a one time (sales not income) tax that doesn't come close to paying for the basics. In fact RE and property taxes do come closest to a flat tax as a rate on value but few if any other taxes do and couldn't. Many seniors don't pay any RE taxes.

Then on top of that, most local govts still need to float bonds (borrow) to pay for schools and bldgs.


A consumption tax would cover everything; from housing to cocktails at your local watering hole. It would be levied on everything (except food, as I've seen in some plans) so that the "poor" guy, buying a $17,000 Hyundai would pay less than the "rich" guy who's more likely to buy the $60,000 Volvo. They'd pay the same percentage (fair) but not the same amount.

ETA: When they go to the gas pump, the "poor" guy would pay a sales tax on 12 gallons of fuel while John J. Gotrocks would pay on 28-32 gallons. [/edit]

No loopholes for the "rich" (who can afford accountants).

So, to actually ask, this time: Are you for "equal protection under the law" or are you one who just wants to screw the "rich" as you define them?



Michael


< Message edited by DaddySatyr -- 2/15/2015 8:23:32 PM >


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RE: Thoughts on taxes - 2/15/2015 8:30:04 PM   
MrRodgers


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quote:

ORIGINAL: DaddySatyr

quote:

ORIGINAL: MrRodgers

But your example is a one time (sales not income) tax that doesn't come close to paying for the basics. In fact RE and property taxes do come closest to a flat tax as a rate on value but few if any other taxes do and couldn't. Many seniors don't pay any RE taxes.

Then on top of that, most local govts still need to float bonds (borrow) to pay for schools and bldgs.


A consumption tax would cover everything; from housing to cocktails at your local watering hole. It would be levied on everything (except food, as I've seen in some plans) so that the "poor" guy, buying a $17,000 Hyundai would pay less than the "rich" guy who's more likely to buy the $60,000 Volvo. They'd pay the same percentage (fair) but not the same amount.

ETA: When they go to the gas pump, the "poor" guy would pay a sales tax on 12 gallons of fuel while John J. Gotrocks would pay on 28-32 gallons. [/edit]

No loopholes for the "rich" (who can afford accountants).

So, to actually ask, this time: Are you for "equal protection under the law" or are you one who just wants to screw the "rich" as you define them?



Michael


Well I believe I stated my case as far as justification for a higher rate on equal protection for higher wealth. But your example is a tax on consumption not income.

Either I am 'consuming' a car or gas for it. My insurance co. will charge me a much higher collision premium for the Volvo than the Hyundai because the Volvo...is more to lose, yet I am the same driver for both.

I am sure the gas example is a non-sequitur as we both pay the same tax on the same gal. no matter how many we buy.

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RE: Thoughts on taxes - 2/15/2015 8:40:15 PM   
quizzicalkitten


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quote:

ORIGINAL: MrRodgers

But your example is a one time (sales not income) tax that doesn't come close to paying for the basics. In fact RE and property taxes do come closest to a flat tax as a rate on value but few if any other taxes do and couldn't. Many seniors don't pay any RE taxes.

Then on top of that, most local govts still need to float bonds (borrow) to pay for schools and bldgs.
,
Put another way, equal protection under the law also means equal defense and criminal protection. But what is being protected is not equal and by a very large margin. Those having enjoyed such protections and are able to amass million$, even billion$ in wealth and wealth earning assets, thus a much higher percentage of society's wealth...should then pay a much higher percentage in taxes for the 'equal protection' provided for that wealth.



Color me confused, Ive never known anyone with any "wealth" that doesnt pay for lawyers to do damn near everything for them, as well as security details if they are higher on the chain...

where as joe schmoe uses publicly provided lawyers usually there for a larger drain on the system.

I get making 1.9 million seems like an excessive amount especially if your making 19,000 but at the same time... both are paying an equal rate on a "flat" tax of x percent say 17% that was mentioned previously. So Mr 19,000 pays 3230 and Mr 1.9 pays 323,000.

I prefer flat rate over consumption simply because as you go up the wealth chain while consumption is there it is usually at a less rate. And its unfair to those who have children/spouses/SO's/Dependents, where as the current system penalizes those who dont have children/Spouses/SO's/Dependents

The other thing is Im not in favor of an X or Y deduction/ Exception unless its also across the board.

IE No tax on food, regardless of wither its a .99 cent chicken leg, or a 9999 dollar rare purple orchard lobster (<-made up thing there)




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RE: Thoughts on taxes - 2/15/2015 8:43:56 PM   
DaddySatyr


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quote:

ORIGINAL: MrRodgers

Well I believe I stated my case as far as justification for a higher rate on equal protection for higher wealth. But your example is a tax on consumption not income.



I don't want to put words in your mouth but this seems to say that you think people should pay more for "equal protection" which might not be a non-sequitur but it certainly is an oxymoron.

The tax on consumption is directly related to income. Those with higher incomes tend to buy more expensive stuff. They eat at pricier restaurants, buy better cuts of meat, at the super market, have more disposable income, etc.

quote:

ORIGINAL: MrRodgers

Either I am 'consuming' a car or gas for it. My insurance co. will charge me a much higher collision premium for the Volvo than the Hyundai because the Volvo...is more to lose, yet I am the same driver for both.



You are "consuming" both the car (depreciation) and the gasoline to run it.

You may be the same driver but, as you said; the Volvo is pricier so your consumption tax (which is, essentially, a sales tax) would be higher by virtue of your coverage, costing more.

quote:

ORIGINAL: MrRodgers

I am sure the gas example is a non-sequitur as we both pay the same tax on the same gal. no matter how many we buy.


It is absolutely not non-sequitur since, again, the bigger car is more likely to use more gas (and definitely has a higher fuel capacity).

In the course of a year, the "poor guy" might use 1,000 gallons per year while Mr. Volvo might use 1,500 or 2,000. he'll ultimately pay more (amount) than the Hyundai driver.

You're right about the consumption tax not "going after" income but as I said; expenditures are directly related to income. However, no one will pay more than X% in taxes.

Also: Drug dealers, pimps, hookers, mafia dons, etc. will finally start "paying taxes" because they buy shit, too. Also, the illegal aliens, draining our jobs and economy will be forced to "pay their fair share" instead of being paid cash and just sending it out of the country (to a lesser degree. They're not likely to buy houses and such).



Michael


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Screen captures (and pissing on shadows) still RULE! Ya feel me?

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RE: Thoughts on taxes - 2/15/2015 10:07:07 PM   
MrRodgers


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quote:

ORIGINAL: quizzicalkitten


quote:

ORIGINAL: MrRodgers

But your example is a one time (sales not income) tax that doesn't come close to paying for the basics. In fact RE and property taxes do come closest to a flat tax as a rate on value but few if any other taxes do and couldn't. Many seniors don't pay any RE taxes.

Then on top of that, most local govts still need to float bonds (borrow) to pay for schools and bldgs.
,
Put another way, equal protection under the law also means equal defense and criminal protection. But what is being protected is not equal and by a very large margin. Those having enjoyed such protections and are able to amass million$, even billion$ in wealth and wealth earning assets, thus a much higher percentage of society's wealth...should then pay a much higher percentage in taxes for the 'equal protection' provided for that wealth.



Color me confused, Ive never known anyone with any "wealth" that doesnt pay for lawyers to do damn near everything for them, as well as security details if they are higher on the chain...

where as joe schmoe uses publicly provided lawyers usually there for a larger drain on the system.

I get making 1.9 million seems like an excessive amount especially if your making 19,000 but at the same time... both are paying an equal rate on a "flat" tax of x percent say 17% that was mentioned previously. So Mr 19,000 pays 3230 and Mr 1.9 pays 323,000.

I prefer flat rate over consumption simply because as you go up the wealth chain while consumption is there it is usually at a less rate. And its unfair to those who have children/spouses/SO's/Dependents, where as the current system penalizes those who dont have children/Spouses/SO's/Dependents

The other thing is Im not in favor of an X or Y deduction/ Exception unless its also across the board.

IE No tax on food, regardless of wither its a .99 cent chicken leg, or a 9999 dollar rare purple orchard lobster (<-made up thing there)


I am talking about the very formation of society that requires defense, law enforcement and courts for the whole. That requires govt. provide collectively for those. For those with such greater wealth, they have much more to lose so to insure their wealth and safety...they should pay more for that 'social insurance.'

For the pauper or even middle class, they have much less to lose, to they pay much less. I speak of an income tax.

I agree with you on a consumption tax insofar as we all consume the same and is thus regressive and because the rich are free not to consume. Just because the rich have it, doesn't men they consume more and as percentage, consume a small fraction of their incomes as compared to the poor and middle class.

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RE: Thoughts on taxes - 2/15/2015 10:16:34 PM   
MrRodgers


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quote:

ORIGINAL: DaddySatyr



quote:

ORIGINAL: MrRodgers

Well I believe I stated my case as far as justification for a higher rate on equal protection for higher wealth. But your example is a tax on consumption not income.



I don't want to put words in your mouth but this seems to say that you think people should pay more for "equal protection" which might not be a non-sequitur but it certainly is an oxymoron.

The tax on consumption is directly related to income. Those with higher incomes tend to buy more expensive stuff. They eat at pricier restaurants, buy better cuts of meat, at the super market, have more disposable income, etc.

quote:

ORIGINAL: MrRodgers

Either I am 'consuming' a car or gas for it. My insurance co. will charge me a much higher collision premium for the Volvo than the Hyundai because the Volvo...is more to lose, yet I am the same driver for both.



You are "consuming" both the car (depreciation) and the gasoline to run it.

You may be the same driver but, as you said; the Volvo is pricier so your consumption tax (which is, essentially, a sales tax) would be higher by virtue of your coverage, costing more.

quote:

ORIGINAL: MrRodgers

I am sure the gas example is a non-sequitur as we both pay the same tax on the same gal. no matter how many we buy.


It is absolutely not non-sequitur since, again, the bigger car is more likely to use more gas (and definitely has a higher fuel capacity).

In the course of a year, the "poor guy" might use 1,000 gallons per year while Mr. Volvo might use 1,500 or 2,000. he'll ultimately pay more (amount) than the Hyundai driver.

You're right about the consumption tax not "going after" income but as I said; expenditures are directly related to income. However, no one will pay more than X% in taxes.

Also: Drug dealers, pimps, hookers, mafia dons, etc. will finally start "paying taxes" because they buy shit, too. Also, the illegal aliens, draining our jobs and economy will be forced to "pay their fair share" instead of being paid cash and just sending it out of the country (to a lesser degree. They're not likely to buy houses and such).

Michael


The Pentagon protects my $1000's and [his] billion$ equally. The police and the courts do the same. So the higher the potential loss...the higher the tax.

We both pay the same tax on the same gallon of gas and the same piece of meat. He doesn't pay a higher sales tax or car tax or gas tax because he is richer.

Consumption is a choice and we all pay the same amount of tax on our choices. Income taxes are not a choice. we are all subject to the tax tables according to our adjusted taxable income.

As far as the underground cash market, yes they pay no income tax but do pay the very same sales tax on consuming the same things.




< Message edited by MrRodgers -- 2/15/2015 10:18:05 PM >

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RE: Thoughts on taxes - 2/15/2015 10:28:58 PM   
DaddySatyr


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quote:

ORIGINAL: MrRodgers

As far as the underground cash market they pay no income tax but do pay the very same sales tax on consuming the same things.



All the more reason, if it really is about everyone paying "their fair share" to move from an income-based system to a consumption system.

People can't do without food or water. I guess they could do without a car but I doubt many would. Some could go without buying a house but they'd still have to rent some hovel or mansion.

If a guy makes $2,000,000 per year and choses to live in that $60,000 house, why should he pay more since, by your estimation, he doesn't have as much to protect? Could it be that to either the rich guy or the poor guy, it's their HOME? No matter what they paid for it.

You're right, people could hoard their money but to what extent? Also, if we go by the example I just gave (based upon your "my shit is better so should cost more to protect" logic): How can you justify charging a "rich" guy that chooses to live in a place that is less worthy of protecting a higher tax? Do you think he'd have grounds for a discrimination suit? I do.

I have to ask this (and I like and respect you):

1) Where is the line for who is "rich"?
2) why do you show so much animosity towards people, simply based on their wealth?
3) Would it be okay for some people to show animosity toward people based upon their lack of wealth?
4) Why is some in-equality okay (by your standards) and other in-equality isn't?



Michael


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Screen captures (and pissing on shadows) still RULE! Ya feel me?

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RE: Thoughts on taxes - 2/15/2015 11:54:47 PM   
MrRodgers


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quote:

ORIGINAL: DaddySatyr


quote:

ORIGINAL: MrRodgers

As far as the underground cash market they pay no income tax but do pay the very same sales tax on consuming the same things.



All the more reason, if it really is about everyone paying "their fair share" to move from an income-based system to a consumption system.

People can't do without food or water. I guess they could do without a car but I doubt many would. Some could go without buying a house but they'd still have to rent some hovel or mansion.

If a guy makes $2,000,000 per year and choses to live in that $60,000 house, why should he pay more since, by your estimation, he doesn't have as much to protect? Could it be that to either the rich guy or the poor guy, it's their HOME? No matter what they paid for it.

You're right, people could hoard their money but to what extent? Also, if we go by the example I just gave (based upon your "my shit is better so should cost more to protect" logic): How can you justify charging a "rich" guy that chooses to live in a place that is less worthy of protecting a higher tax? Do you think he'd have grounds for a discrimination suit? I do.

I have to ask this (and I like and respect you):

1) Where is the line for who is "rich"?
2) why do you show so much animosity towards people, simply based on their wealth?
3) Would it be okay for some people to show animosity toward people based upon their lack of wealth?
4) Why is some in-equality okay (by your standards) and other in-equality isn't?



Michael


To put it in more practice terms, one does not need to consume, you are correct but he who maintains his wealth even if in the bank, relies upon society at large and as a whole collectively, to create the conditions under which he is able to attain such wealth.

So providing for defense, law enforcement and the courts at a minimum, remains and govt. equally protects the social environment for that attainment. The wealthy then owe a greater premium to insure that environment.

The demarcation of what is or is not rich is irrelevant and I've shown no animosity at all. The insurance agent that charges me a greater premium for the greater risk of insuring my Cadillac, shows me no animosity and does not call me 'rich.'

So it doesn't really matter at all about choices for consumption. Big or small car, big or small house, filet or hamburger...one still enjoys a society and its protection to be free to accumulate huge sums of income and wealth.

The OP is about taxes. I maintain that taxes that pay for the govt. that protects society, are a form of an insurance premium. The greater the wealth at risk, the greater the premium, thus the higher the tax.

< Message edited by MrRodgers -- 2/15/2015 11:56:18 PM >

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RE: Thoughts on taxes - 2/16/2015 4:36:15 AM   
joether


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quote:

ORIGINAL: DaddySatyr
Geez! I always thought that we were for "equal protection under the law" in this country. I guess that only means in certain instances?

Count me as one who is FOR a consumption tax. Those who are "rich" usually pay more, even if it's just for the basics.

If a "poor" person wanted to buy a house at $60,000, at a 10% tax rate, that would be $6,000 in tax.

A "rich" person buys the same type (size, etc.) of house in a different neighborhood for $175,000. The tax on that would be $17,500. How is that not "paying their fair share" (accent on the word "fair", if you please)


A poor person buying a house must relinquish a great percentage of their resources to obtain a house. A rich person with a few million in the bank, would not really feel the pain of buying a $175,000 home. So the poor person must obtain $66,000 to pay in cash for the home; or borrow money. Anyone that has borrowed money knows, it comes with interest. So that $60,000 home with its $6,000 tax fee is actually much higher before its all paid off. A rich person can pool their assets into a substantial cashflow to make a purchase of the $175,000 home plus the $17,500.

The poor are hit hard due to their limited resources, and the rich are not. A poor person must acquire things in a slow manner, and taxed on....EVERTHING. The rich can have it trucked in from another nation, paying no taxes and store the items until needed. Most food items have a long shelf life. So the poor person must buy things for immediate needs, and the rich person can purchase things for the long haul. The poor...STILL pay taxes, and the rich pay...NONE.

That is why a consumption tax is a total lie, and often pushed by rich people.

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RE: Thoughts on taxes - 2/16/2015 5:27:34 AM   
joether


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quote:

ORIGINAL: DaddySatyr
quote:

ORIGINAL: MrRodgers
As far as the underground cash market they pay no income tax but do pay the very same sales tax on consuming the same things.

All the more reason, if it really is about everyone paying "their fair share" to move from an income-based system to a consumption system.


Ever been dirt poor? No help? No shelter? Not even a decent job with 40 hours or even half that? No? Try it sometime. I guarantee you'll hate the experience. But you will come out of it with a better respect for the kinds of things the poor and those tittering on the edge, face on a daily basis.

quote:

ORIGINAL: DaddySatyr
People can't do without food or water. I guess they could do without a car but I doubt many would. Some could go without buying a house but they'd still have to rent some hovel or mansion.


You can survive without water for two days. But I would....HIGHLY....not recommend testing it out. The human body can survive without food for over a week. Again, I would not recommend trying this either. Take it from someone that's done wilderness survival. Going without one or the other is hell. Going without both is crazy!

That said, there are fortunately many good people in the world that will give you water, for free, if you ask. They might even give you coffee, tea, and juice too! And the pantries do try to keep tabs on the homeless and poor and give them food to help offset their other expenses. Many of the pantries in Massachusetts are funded by private citizens and organizations, as well as the commonwealth. You would have to check with your local, county, and state for information on how pantries operate.

In medium to large cities, one can get around by bicycle or public transportation (bus or train). Some even have friends whom can give them a ride somewhere. Outside of the cities, moving about becomes much harder to accomplish. So if they dont have a means to get food or water, due to lack of a car, its also likely they dont have means to obtain a job. Usually some string of events will take place. They'll either find resources they didnt know existed and thereby stay; or they will move else where.

quote:

ORIGINAL: DaddySatyr
If a guy makes $2,000,000 per year and choses to live in that $60,000 house, why should he pay more since, by your estimation, he doesn't have as much to protect? Could it be that to either the rich guy or the poor guy, it's their HOME? No matter what they paid for it.


Regardless of how much you make, you still paying the same taxes on the property. If a person has $2,000,000 grossing income, they are taxed on their income. That's why they call it an INCOME TAX. Its money coming in. Now if you have $2,000,000 in the bank and draw from it during the year, that's not income, so therefore, you couldnt be taxed upon it. If your $2,000,000 is invested and you pull money from it, your taxed on that money!

Its their home if they have the deed to the home. If not, they are still paying off the mortgage or paying rent. In which case the bank or owner of the apartment building owns the building.

Do you have any idea how big of a home is where I live that cost $60,000? A tiny one room building that is often mistaken for being a cottage. Yes $60,000 of 'house' depends highly where one is, does it not? Most millionaires in the New England states opt for a house that costs them $500,000+. Your making $2,000,000 a year, you can easily afford a $500,000 house. Plenty more room for all your toys!

quote:

ORIGINAL: DaddySatyr
You're right, people could hoard their money but to what extent? Also, if we go by the example I just gave (based upon your "my shit is better so should cost more to protect" logic): How can you justify charging a "rich" guy that chooses to live in a place that is less worthy of protecting a higher tax? Do you think he'd have grounds for a discrimination suit? I do.


I cant believe I have to actually explain this concept to someone that claims the are a US Citizen....

In the United States of America, 'We the People', vote other people to...REPRESENT...us. These people, elected to public office; let's call them 'REPRESENTATIVES'. These people meet at a location in Washington, D.C. called 'The House of Representatives'. Together, with another location found in the same building, The Senate; they devise laws through a process of bills to be enacted by vote.

To answer your question. A bunch of people...voted....other people, whom in turn,...voted....on one or more bills that become laws that would determine how and why a person would be taxed. How do we determine the justification? We Voted on it. The rich lost!

This is something one learns about in 2nd grade. .

quote:

ORIGINAL: DaddySatyr
I have to ask this (and I like and respect you):

1) Where is the line for who is "rich"?
2) why do you show so much animosity towards people, simply based on their wealth?
3) Would it be okay for some people to show animosity toward people based upon their lack of wealth?
4) Why is some in-equality okay (by your standards) and other in-equality isn't?


1 ) Depends on how you define 'rich'. Is the person with lots of money but poorly using their resources? Or someone that is wealthy by which they budget their resources from year to year, make fair to good financial investment decisions, and rarely 'slurge' on things. Rich people on the other hand, spend 'high on the hog'. They have it in their minds that to be successful, one has to look successful. So they buy a house that is above their means, expensive cars, a huge volume of furniture, and take vacation trips often. Their bank account is like a world war one battlefield, with tons of bodies spewed everywhere!

The 'rich' people will pay the same amount as the wealthy assuming the numbers on 'income' are the same. However, the wealthy person will have the forethought to budget future income tax charges. In accounting this 'budget' is considered an asset on the books. Its not often that a wealthy person/family goes into bankruptcy. Conditions would have to be a total disaster for that to be accomplished. 'Rich' people are often one step away from bankruptcy and losing everything.

I've met business people whom are on their second mortgage, fifteen credit cards maxed out, their credit rating dropping like a rock, and in the hole for many $100K. But they make $300,000+/year. Often they are in this situation because no one has ever taught them how to manage their resources. Or, they have no discipline when it comes to money.

I know one D/s couple that was in this boat. The wife actually put a leash (physically and figuratively) on the husband (sub). He made the money, and she either used it, or stored it. It took some education, but I was able to teach her how to invest the stored money better; pay off the debts in a sane manner, and give her husband an allowance. On big ticket items, they would discuss the pros and cons of the purchase. They were a couple before they got into D/s. Once the wife found she enjoyed being the Domme, things turned around. Not saying every family should do this; it worked for them. That, and help finding them a Certified Finincial Planner (CFP).

2. I dislike rich and wealth people who are arrogant, hateful, selfish, dishonest, and 'scum of the Earth' (they tend to vote Republican or Tea Party). The types that want taxes set so they benefit while hindering the fuck out of everyone else. There are plenty of rich people whom donate their time and vast resources to helping one or more causes that help the poor and middle class. These people have been in favor of the government forcing the rich to pay 'their fair share'.

These people understand the concept of 'scale of economies'; were as the group I dislike, do not.

3. No, its never 'ok'. Most people call that bullying. Many take pleasure in beating down a homeless or poor person. Feeling like its some sort of 'right' to be a total asshole. Of course, the Republican and Tea Party do it all the time. They enjoy picking on the poor any chance they get. Their the ones that have been trying to remove SNAP from the federal level. And they are the ones that resisted allowing people facing foreclosures to obtain better loans and/or longer times before such foreclosures.

4. Not sure I understand what your asking here.

(in reply to DaddySatyr)
Profile   Post #: 37
RE: Thoughts on taxes - 2/16/2015 12:51:12 PM   
BitYakin


Posts: 882
Joined: 10/15/2005
Status: offline

quote:

ORIGINAL: joether

quote:

ORIGINAL: DaddySatyr
quote:

ORIGINAL: MrRodgers
As far as the underground cash market they pay no income tax but do pay the very same sales tax on consuming the same things.

All the more reason, if it really is about everyone paying "their fair share" to move from an income-based system to a consumption system.


Ever been dirt poor? No help? No shelter? Not even a decent job with 40 hours or even half that? No? Try it sometime. I guarantee you'll hate the experience.
But you will come out of it with a better respect for the kinds of things the poor and those tittering on the edge, face on a daily basis.



quote:

ORIGINAL: DaddySatyr
People can't do without food or water. I guess they could do without a car but I doubt many would. Some could go without buying a house but they'd still have to rent some hovel or mansion.


You can survive without water for two days. But I would....HIGHLY....not recommend testing it out. The human body can survive without food for over a week. Again, I would not recommend trying this either. Take it from someone that's done wilderness survival. Going without one or the other is hell. Going without both is crazy!

That said, there are fortunately many good people in the world that will give you water, for free, if you ask. They might even give you coffee, tea, and juice too! And the pantries do try to keep tabs on the homeless and poor and give them food to help offset their other expenses. Many of the pantries in Massachusetts are funded by private citizens and organizations, as well as the commonwealth. You would have to check with your local, county, and state for information on how pantries operate.

In medium to large cities, one can get around by bicycle or public transportation (bus or train). Some even have friends whom can give them a ride somewhere. Outside of the cities, moving about becomes much harder to accomplish. So if they dont have a means to get food or water, due to lack of a car, its also likely they dont have means to obtain a job. Usually some string of events will take place. They'll either find resources they didnt know existed and thereby stay; or they will move else where.

quote:

ORIGINAL: DaddySatyr
If a guy makes $2,000,000 per year and choses to live in that $60,000 house, why should he pay more since, by your estimation, he doesn't have as much to protect? Could it be that to either the rich guy or the poor guy, it's their HOME? No matter what they paid for it.


Regardless of how much you make, you still paying the same taxes on the property. If a person has $2,000,000 grossing income, they are taxed on their income. That's why they call it an INCOME TAX. Its money coming in. Now if you have $2,000,000 in the bank and draw from it during the year, that's not income, so therefore, you couldnt be taxed upon it. If your $2,000,000 is invested and you pull money from it, your taxed on that money!

Its their home if they have the deed to the home. If not, they are still paying off the mortgage or paying rent. In which case the bank or owner of the apartment building owns the building.

Do you have any idea how big of a home is where I live that cost $60,000? A tiny one room building that is often mistaken for being a cottage. Yes $60,000 of 'house' depends highly where one is, does it not? Most millionaires in the New England states opt for a house that costs them $500,000+. Your making $2,000,000 a year, you can easily afford a $500,000 house. Plenty more room for all your toys!

quote:

ORIGINAL: DaddySatyr
You're right, people could hoard their money but to what extent? Also, if we go by the example I just gave (based upon your "my shit is better so should cost more to protect" logic): How can you justify charging a "rich" guy that chooses to live in a place that is less worthy of protecting a higher tax? Do you think he'd have grounds for a discrimination suit? I do.


I cant believe I have to actually explain this concept to someone that claims the are a US Citizen....

In the United States of America, 'We the People', vote other people to...REPRESENT...us. These people, elected to public office; let's call them 'REPRESENTATIVES'. These people meet at a location in Washington, D.C. called 'The House of Representatives'. Together, with another location found in the same building, The Senate; they devise laws through a process of bills to be enacted by vote.

To answer your question. A bunch of people...voted....other people, whom in turn,...voted....on one or more bills that become laws that would determine how and why a person would be taxed. How do we determine the justification? We Voted on it. The rich lost!

This is something one learns about in 2nd grade. .

quote:

ORIGINAL: DaddySatyr
I have to ask this (and I like and respect you):

1) Where is the line for who is "rich"?
2) why do you show so much animosity towards people, simply based on their wealth?
3) Would it be okay for some people to show animosity toward people based upon their lack of wealth?
4) Why is some in-equality okay (by your standards) and other in-equality isn't?


1 ) Depends on how you define 'rich'. Is the person with lots of money but poorly using their resources? Or someone that is wealthy by which they budget their resources from year to year, make fair to good financial investment decisions, and rarely 'slurge' on things. Rich people on the other hand, spend 'high on the hog'. They have it in their minds that to be successful, one has to look successful. So they buy a house that is above their means, expensive cars, a huge volume of furniture, and take vacation trips often. Their bank account is like a world war one battlefield, with tons of bodies spewed everywhere!

The 'rich' people will pay the same amount as the wealthy assuming the numbers on 'income' are the same. However, the wealthy person will have the forethought to budget future income tax charges. In accounting this 'budget' is considered an asset on the books. Its not often that a wealthy person/family goes into bankruptcy. Conditions would have to be a total disaster for that to be accomplished. 'Rich' people are often one step away from bankruptcy and losing everything.

I've met business people whom are on their second mortgage, fifteen credit cards maxed out, their credit rating dropping like a rock, and in the hole for many $100K. But they make $300,000+/year. Often they are in this situation because no one has ever taught them how to manage their resources. Or, they have no discipline when it comes to money.

I know one D/s couple that was in this boat. The wife actually put a leash (physically and figuratively) on the husband (sub). He made the money, and she either used it, or stored it. It took some education, but I was able to teach her how to invest the stored money better; pay off the debts in a sane manner, and give her husband an allowance. On big ticket items, they would discuss the pros and cons of the purchase. They were a couple before they got into D/s. Once the wife found she enjoyed being the Domme, things turned around. Not saying every family should do this; it worked for them. That, and help finding them a Certified Finincial Planner (CFP).

2. I dislike rich and wealth people who are arrogant, hateful, selfish, dishonest, and 'scum of the Earth' (they tend to vote Republican or Tea Party). The types that want taxes set so they benefit while hindering the fuck out of everyone else. There are plenty of rich people whom donate their time and vast resources to helping one or more causes that help the poor and middle class. These people have been in favor of the government forcing the rich to pay 'their fair share'.

These people understand the concept of 'scale of economies'; were as the group I dislike, do not.

3. No, its never 'ok'. Most people call that bullying. Many take pleasure in beating down a homeless or poor person. Feeling like its some sort of 'right' to be a total asshole. Of course, the Republican and Tea Party do it all the time. They enjoy picking on the poor any chance they get. Their the ones that have been trying to remove SNAP from the federal level. And they are the ones that resisted allowing people facing foreclosures to obtain better loans and/or longer times before such foreclosures.

4. Not sure I understand what your asking here.



as a matter of a fact I have, when I left Seattle little over a decade ago I slept my last night there on the unemployment office parking lot...
and never once did I hold such a hatred of people who were doing better than me as you do.

here's a concept, don't like your situation CHANGE IT!
and don't say people CAN NOT DO IT, I did and have ZERO SYMPATHY for people who wallow in self pity and accept handouts

I am so sick of hearing how people want OTHER PEOPLE to pay their fair share then say outright they intend to charge THIS GROUP a higher rate...

the whole this tax system can be fixed sounds like many of the slum lords I do work for, they call me I go look and tell them the whole plumbing system is SHOT, needs to be replaced and they say well I just want you to fix this ONE LITTLE CRACK RIGHT HERE.

< Message edited by BitYakin -- 2/16/2015 1:01:55 PM >


_____________________________

"If you can't explain it simply, you don't understand it well enough." - Albert Einstein

(in reply to joether)
Profile   Post #: 38
RE: Thoughts on taxes - 2/16/2015 2:07:15 PM   
DesideriScuri


Posts: 12225
Joined: 1/18/2012
Status: offline
quote:

ORIGINAL: MrRodgers
Put another way, equal protection under the law also means equal defense and criminal protection. But what is being protected is not equal and by a very large margin. Those having enjoyed such protections and are able to amass million$, even billion$ in wealth and wealth earning assets, thus a much higher percentage of society's wealth...should then pay a much higher percentage in taxes for the 'equal protection' provided for that wealth.


That isn't the way it works, though MrRodgers. The US Government doesn't offer any more protection for the average rich guy than the average poor guy, or the average middle income guy. Just because one may have more to lose than the other doesn't mean the government is providing any more or any less protection.

Government should provide the same level of protection to each and every citizen. If a rich guy wants more protection, he can pay for more protection. That's kinda why celebrities and "important folk" (even if it's only within their own minds) often have their own personal security teams. It's not that the local PD wouldn't answer the call for help, but that they want a greater level of protection.


_____________________________

What I support:

  • A Conservative interpretation of the US Constitution
  • Personal Responsibility
  • Help for the truly needy
  • Limited Government
  • Consumption Tax (non-profit charities and food exempt)

(in reply to MrRodgers)
Profile   Post #: 39
RE: Thoughts on taxes - 2/16/2015 2:10:55 PM   
mnottertail


Posts: 60698
Joined: 11/3/2004
Status: offline
Protection, as ensconced in that amendment, does not mean mafia hoods as bodyguards.

_____________________________

Have they not divided the prey; to every man a damsel or two? Judges 5:30


(in reply to DesideriScuri)
Profile   Post #: 40
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