Home › Forums › Financial Markets/Economics › TAX TAX TAX and more TAX
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April 22, 2010 at 10:25 AM #543016April 22, 2010 at 10:29 AM #542069briansd1Guest
[quote=SD Realtor]Penalizing someone for busting ass and working hard makes no sense to me.[/quote]
Hard work is very relative.
Does a coal miner work harder or does a Realtor? How about an executive who works hard in the boardroom, on the golf course, at dinner parties and on the private jet, etc..?
Our society doesn’t compensate hard work per se, but compensation is based on supply and demand, connections and being at the right place at the right time.
If one make more money because society makes it possible for one to earn that money, then one should pay more because one benefits more.
April 22, 2010 at 10:29 AM #542182briansd1Guest[quote=SD Realtor]Penalizing someone for busting ass and working hard makes no sense to me.[/quote]
Hard work is very relative.
Does a coal miner work harder or does a Realtor? How about an executive who works hard in the boardroom, on the golf course, at dinner parties and on the private jet, etc..?
Our society doesn’t compensate hard work per se, but compensation is based on supply and demand, connections and being at the right place at the right time.
If one make more money because society makes it possible for one to earn that money, then one should pay more because one benefits more.
April 22, 2010 at 10:29 AM #542655briansd1Guest[quote=SD Realtor]Penalizing someone for busting ass and working hard makes no sense to me.[/quote]
Hard work is very relative.
Does a coal miner work harder or does a Realtor? How about an executive who works hard in the boardroom, on the golf course, at dinner parties and on the private jet, etc..?
Our society doesn’t compensate hard work per se, but compensation is based on supply and demand, connections and being at the right place at the right time.
If one make more money because society makes it possible for one to earn that money, then one should pay more because one benefits more.
April 22, 2010 at 10:29 AM #542748briansd1Guest[quote=SD Realtor]Penalizing someone for busting ass and working hard makes no sense to me.[/quote]
Hard work is very relative.
Does a coal miner work harder or does a Realtor? How about an executive who works hard in the boardroom, on the golf course, at dinner parties and on the private jet, etc..?
Our society doesn’t compensate hard work per se, but compensation is based on supply and demand, connections and being at the right place at the right time.
If one make more money because society makes it possible for one to earn that money, then one should pay more because one benefits more.
April 22, 2010 at 10:29 AM #543026briansd1Guest[quote=SD Realtor]Penalizing someone for busting ass and working hard makes no sense to me.[/quote]
Hard work is very relative.
Does a coal miner work harder or does a Realtor? How about an executive who works hard in the boardroom, on the golf course, at dinner parties and on the private jet, etc..?
Our society doesn’t compensate hard work per se, but compensation is based on supply and demand, connections and being at the right place at the right time.
If one make more money because society makes it possible for one to earn that money, then one should pay more because one benefits more.
April 22, 2010 at 10:30 AM #542074meadandaleParticipant[quote=briansd1][quote=gandalf]
As a percentage of income / wealth gains, did you pay more or less tax than last year?
[/quote]Most Tea Partiers don’t know.
It’s the Joe-the-Plumber and Sarah Palin mentality, remember? The two of them are in bed together.[/quote]
I paid higher effective tax rates in 2009 than in 2008 to both the state and the federal government. It’s all there in black and white on my income tax returns.
So you can understand why I have to laugh every time a liberal, including Obama, asserts that I’m paying lower taxes since he took office.
April 22, 2010 at 10:30 AM #542187meadandaleParticipant[quote=briansd1][quote=gandalf]
As a percentage of income / wealth gains, did you pay more or less tax than last year?
[/quote]Most Tea Partiers don’t know.
It’s the Joe-the-Plumber and Sarah Palin mentality, remember? The two of them are in bed together.[/quote]
I paid higher effective tax rates in 2009 than in 2008 to both the state and the federal government. It’s all there in black and white on my income tax returns.
So you can understand why I have to laugh every time a liberal, including Obama, asserts that I’m paying lower taxes since he took office.
April 22, 2010 at 10:30 AM #542660meadandaleParticipant[quote=briansd1][quote=gandalf]
As a percentage of income / wealth gains, did you pay more or less tax than last year?
[/quote]Most Tea Partiers don’t know.
It’s the Joe-the-Plumber and Sarah Palin mentality, remember? The two of them are in bed together.[/quote]
I paid higher effective tax rates in 2009 than in 2008 to both the state and the federal government. It’s all there in black and white on my income tax returns.
So you can understand why I have to laugh every time a liberal, including Obama, asserts that I’m paying lower taxes since he took office.
April 22, 2010 at 10:30 AM #542753meadandaleParticipant[quote=briansd1][quote=gandalf]
As a percentage of income / wealth gains, did you pay more or less tax than last year?
[/quote]Most Tea Partiers don’t know.
It’s the Joe-the-Plumber and Sarah Palin mentality, remember? The two of them are in bed together.[/quote]
I paid higher effective tax rates in 2009 than in 2008 to both the state and the federal government. It’s all there in black and white on my income tax returns.
So you can understand why I have to laugh every time a liberal, including Obama, asserts that I’m paying lower taxes since he took office.
April 22, 2010 at 10:30 AM #543031meadandaleParticipant[quote=briansd1][quote=gandalf]
As a percentage of income / wealth gains, did you pay more or less tax than last year?
[/quote]Most Tea Partiers don’t know.
It’s the Joe-the-Plumber and Sarah Palin mentality, remember? The two of them are in bed together.[/quote]
I paid higher effective tax rates in 2009 than in 2008 to both the state and the federal government. It’s all there in black and white on my income tax returns.
So you can understand why I have to laugh every time a liberal, including Obama, asserts that I’m paying lower taxes since he took office.
April 22, 2010 at 10:31 AM #542078gandalfParticipantYou’re technically correct, sdduuuuuuuude…
Determination of progressive/regressive isn’t constrained to levying of taxes, and includes how such dollars are spent.
But the tax code portion, the determination of liability, percentages of income/wealth — it’s a huge component of what goes into the calculation of progressive/regressive.
Overall, I would like to see less ‘policy’ implemented through tax law — percentages, deductions, incentives, etc. The original policy objectives are often subverted, unintended consequences.
As for NO tax….
How would you pay for government then? Are there things the government does that are worthwhile?
National defense?
Roads and highways?
Clean water?
Public school system?
Police and fire?
April 22, 2010 at 10:31 AM #542192gandalfParticipantYou’re technically correct, sdduuuuuuuude…
Determination of progressive/regressive isn’t constrained to levying of taxes, and includes how such dollars are spent.
But the tax code portion, the determination of liability, percentages of income/wealth — it’s a huge component of what goes into the calculation of progressive/regressive.
Overall, I would like to see less ‘policy’ implemented through tax law — percentages, deductions, incentives, etc. The original policy objectives are often subverted, unintended consequences.
As for NO tax….
How would you pay for government then? Are there things the government does that are worthwhile?
National defense?
Roads and highways?
Clean water?
Public school system?
Police and fire?
April 22, 2010 at 10:31 AM #542665gandalfParticipantYou’re technically correct, sdduuuuuuuude…
Determination of progressive/regressive isn’t constrained to levying of taxes, and includes how such dollars are spent.
But the tax code portion, the determination of liability, percentages of income/wealth — it’s a huge component of what goes into the calculation of progressive/regressive.
Overall, I would like to see less ‘policy’ implemented through tax law — percentages, deductions, incentives, etc. The original policy objectives are often subverted, unintended consequences.
As for NO tax….
How would you pay for government then? Are there things the government does that are worthwhile?
National defense?
Roads and highways?
Clean water?
Public school system?
Police and fire?
April 22, 2010 at 10:31 AM #542758gandalfParticipantYou’re technically correct, sdduuuuuuuude…
Determination of progressive/regressive isn’t constrained to levying of taxes, and includes how such dollars are spent.
But the tax code portion, the determination of liability, percentages of income/wealth — it’s a huge component of what goes into the calculation of progressive/regressive.
Overall, I would like to see less ‘policy’ implemented through tax law — percentages, deductions, incentives, etc. The original policy objectives are often subverted, unintended consequences.
As for NO tax….
How would you pay for government then? Are there things the government does that are worthwhile?
National defense?
Roads and highways?
Clean water?
Public school system?
Police and fire?
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