Home › Forums › Financial Markets/Economics › TAX TAX TAX and more TAX
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April 22, 2010 at 12:17 PM #543126April 22, 2010 at 12:24 PM #542170briansd1Guest
[quote=flu]I did this, to protect myself from this economic train wreck, without any funny money/bailout/stimulas/pork from the Fed, though I’m sure a portion of it went to other people’s pork…And at this rate, I could use extra help…But, finding someone abroad instead of the U.S. is looking more and more tempting these days….[/quote]
Who’s feeling fear and anxiety and threatening to go abroad?
April 22, 2010 at 12:24 PM #542286briansd1Guest[quote=flu]I did this, to protect myself from this economic train wreck, without any funny money/bailout/stimulas/pork from the Fed, though I’m sure a portion of it went to other people’s pork…And at this rate, I could use extra help…But, finding someone abroad instead of the U.S. is looking more and more tempting these days….[/quote]
Who’s feeling fear and anxiety and threatening to go abroad?
April 22, 2010 at 12:24 PM #542761briansd1Guest[quote=flu]I did this, to protect myself from this economic train wreck, without any funny money/bailout/stimulas/pork from the Fed, though I’m sure a portion of it went to other people’s pork…And at this rate, I could use extra help…But, finding someone abroad instead of the U.S. is looking more and more tempting these days….[/quote]
Who’s feeling fear and anxiety and threatening to go abroad?
April 22, 2010 at 12:24 PM #542853briansd1Guest[quote=flu]I did this, to protect myself from this economic train wreck, without any funny money/bailout/stimulas/pork from the Fed, though I’m sure a portion of it went to other people’s pork…And at this rate, I could use extra help…But, finding someone abroad instead of the U.S. is looking more and more tempting these days….[/quote]
Who’s feeling fear and anxiety and threatening to go abroad?
April 22, 2010 at 12:24 PM #543131briansd1Guest[quote=flu]I did this, to protect myself from this economic train wreck, without any funny money/bailout/stimulas/pork from the Fed, though I’m sure a portion of it went to other people’s pork…And at this rate, I could use extra help…But, finding someone abroad instead of the U.S. is looking more and more tempting these days….[/quote]
Who’s feeling fear and anxiety and threatening to go abroad?
April 22, 2010 at 12:33 PM #542175afx114Participant[quote=meadandale]Yeah but that 28% tax rate doesn’t include payroll taxes, which add another 7.6% for the individual and another 7.6% for the employer. That means that our tax rate is AS HIGH as the OECD average you posted.[/quote]
The 28% in the first graph is the TOTAL tax revenue as a percentage of GDP.
And the 2nd graph shows income taxes. Even the quote I posted from the article mentions payroll taxes directly. Did you even read my post?
April 22, 2010 at 12:33 PM #542291afx114Participant[quote=meadandale]Yeah but that 28% tax rate doesn’t include payroll taxes, which add another 7.6% for the individual and another 7.6% for the employer. That means that our tax rate is AS HIGH as the OECD average you posted.[/quote]
The 28% in the first graph is the TOTAL tax revenue as a percentage of GDP.
And the 2nd graph shows income taxes. Even the quote I posted from the article mentions payroll taxes directly. Did you even read my post?
April 22, 2010 at 12:33 PM #542766afx114Participant[quote=meadandale]Yeah but that 28% tax rate doesn’t include payroll taxes, which add another 7.6% for the individual and another 7.6% for the employer. That means that our tax rate is AS HIGH as the OECD average you posted.[/quote]
The 28% in the first graph is the TOTAL tax revenue as a percentage of GDP.
And the 2nd graph shows income taxes. Even the quote I posted from the article mentions payroll taxes directly. Did you even read my post?
April 22, 2010 at 12:33 PM #542858afx114Participant[quote=meadandale]Yeah but that 28% tax rate doesn’t include payroll taxes, which add another 7.6% for the individual and another 7.6% for the employer. That means that our tax rate is AS HIGH as the OECD average you posted.[/quote]
The 28% in the first graph is the TOTAL tax revenue as a percentage of GDP.
And the 2nd graph shows income taxes. Even the quote I posted from the article mentions payroll taxes directly. Did you even read my post?
April 22, 2010 at 12:33 PM #543136afx114Participant[quote=meadandale]Yeah but that 28% tax rate doesn’t include payroll taxes, which add another 7.6% for the individual and another 7.6% for the employer. That means that our tax rate is AS HIGH as the OECD average you posted.[/quote]
The 28% in the first graph is the TOTAL tax revenue as a percentage of GDP.
And the 2nd graph shows income taxes. Even the quote I posted from the article mentions payroll taxes directly. Did you even read my post?
April 22, 2010 at 12:37 PM #542180SD RealtorParticipantBrian hard work is all relative. However the rate of wages is not determined by me or you, it is determined by the free market. If someone wants to mone coal for a living then that is their choice. If I want to write code or sell homes it is my choice as well and it is hard work. So are all professions but don’t penalize me because I choose to work harder and make more money, regardless of the profession. The bottom line is that I have a simple disagreement about a flat tax. Funny how you all like to make light of those who don’t agree with the enacted polices or namecall those who disagree with moore taxes to enable more spending. Putting a label on a flat tax is fine at it but there is not anything “unfair” about it at all. In fact many of the emerging countries in eastern europe have embraced it.
Honestly it seems to me that there is this inherent mindset out there of those that are successful must carry the burden for those who are not. Thus, they MUST pay a higher tax rate because they make more money. Honestly that is such a jaded outlook that it is laughable. Now without a doubt, even you could see that an ALTERNATE solution can exist where everyone does indeed pay the same rate without loopholes. In fact this solution could exist and in some countries DOES exist. However because of the “debt to society” that some people think is a necessary burden to wealthy people, a flat tax is roundly criticized as being unfair.
The fact of the matter is that is very fair. Unfortuntely it just rubs people the wrong way because they think that those that are successful should pay more. Maybe because of jealousy or envy or personal regret. I am mad as hell that I wasn’t born into wealth but I cannot see how that justifies that a wealthy family should have higher tax rate then my family.
The “fairness” that is “created” by taxing the wealthy is this sort of utopia that to me is a sham. Furthermore that fairness only is relegated to the USA. Because if those people were really honest to themselves, that “debt to society” should be extended worldwide correct? We in the USA are a hell of alot luckier then most of the world population right? A kid who is in Detroit in the projects is luckier then the kid in a camp in Darfur right? So shouldn’t that kid in Detroit have to pay a little bit?
See the “debt to society” argument for wealthier people to pay more is limited in the conversation because to make it abstract shows how unfair it can really be. The reality of the world is just not like that. In fact the wealthy will always be wealthy and the govt will ALWAYS side with the wealthy. If there was a flat tax with no loopholes at least there would actually be some fairness.
April 22, 2010 at 12:37 PM #542296SD RealtorParticipantBrian hard work is all relative. However the rate of wages is not determined by me or you, it is determined by the free market. If someone wants to mone coal for a living then that is their choice. If I want to write code or sell homes it is my choice as well and it is hard work. So are all professions but don’t penalize me because I choose to work harder and make more money, regardless of the profession. The bottom line is that I have a simple disagreement about a flat tax. Funny how you all like to make light of those who don’t agree with the enacted polices or namecall those who disagree with moore taxes to enable more spending. Putting a label on a flat tax is fine at it but there is not anything “unfair” about it at all. In fact many of the emerging countries in eastern europe have embraced it.
Honestly it seems to me that there is this inherent mindset out there of those that are successful must carry the burden for those who are not. Thus, they MUST pay a higher tax rate because they make more money. Honestly that is such a jaded outlook that it is laughable. Now without a doubt, even you could see that an ALTERNATE solution can exist where everyone does indeed pay the same rate without loopholes. In fact this solution could exist and in some countries DOES exist. However because of the “debt to society” that some people think is a necessary burden to wealthy people, a flat tax is roundly criticized as being unfair.
The fact of the matter is that is very fair. Unfortuntely it just rubs people the wrong way because they think that those that are successful should pay more. Maybe because of jealousy or envy or personal regret. I am mad as hell that I wasn’t born into wealth but I cannot see how that justifies that a wealthy family should have higher tax rate then my family.
The “fairness” that is “created” by taxing the wealthy is this sort of utopia that to me is a sham. Furthermore that fairness only is relegated to the USA. Because if those people were really honest to themselves, that “debt to society” should be extended worldwide correct? We in the USA are a hell of alot luckier then most of the world population right? A kid who is in Detroit in the projects is luckier then the kid in a camp in Darfur right? So shouldn’t that kid in Detroit have to pay a little bit?
See the “debt to society” argument for wealthier people to pay more is limited in the conversation because to make it abstract shows how unfair it can really be. The reality of the world is just not like that. In fact the wealthy will always be wealthy and the govt will ALWAYS side with the wealthy. If there was a flat tax with no loopholes at least there would actually be some fairness.
April 22, 2010 at 12:37 PM #542771SD RealtorParticipantBrian hard work is all relative. However the rate of wages is not determined by me or you, it is determined by the free market. If someone wants to mone coal for a living then that is their choice. If I want to write code or sell homes it is my choice as well and it is hard work. So are all professions but don’t penalize me because I choose to work harder and make more money, regardless of the profession. The bottom line is that I have a simple disagreement about a flat tax. Funny how you all like to make light of those who don’t agree with the enacted polices or namecall those who disagree with moore taxes to enable more spending. Putting a label on a flat tax is fine at it but there is not anything “unfair” about it at all. In fact many of the emerging countries in eastern europe have embraced it.
Honestly it seems to me that there is this inherent mindset out there of those that are successful must carry the burden for those who are not. Thus, they MUST pay a higher tax rate because they make more money. Honestly that is such a jaded outlook that it is laughable. Now without a doubt, even you could see that an ALTERNATE solution can exist where everyone does indeed pay the same rate without loopholes. In fact this solution could exist and in some countries DOES exist. However because of the “debt to society” that some people think is a necessary burden to wealthy people, a flat tax is roundly criticized as being unfair.
The fact of the matter is that is very fair. Unfortuntely it just rubs people the wrong way because they think that those that are successful should pay more. Maybe because of jealousy or envy or personal regret. I am mad as hell that I wasn’t born into wealth but I cannot see how that justifies that a wealthy family should have higher tax rate then my family.
The “fairness” that is “created” by taxing the wealthy is this sort of utopia that to me is a sham. Furthermore that fairness only is relegated to the USA. Because if those people were really honest to themselves, that “debt to society” should be extended worldwide correct? We in the USA are a hell of alot luckier then most of the world population right? A kid who is in Detroit in the projects is luckier then the kid in a camp in Darfur right? So shouldn’t that kid in Detroit have to pay a little bit?
See the “debt to society” argument for wealthier people to pay more is limited in the conversation because to make it abstract shows how unfair it can really be. The reality of the world is just not like that. In fact the wealthy will always be wealthy and the govt will ALWAYS side with the wealthy. If there was a flat tax with no loopholes at least there would actually be some fairness.
April 22, 2010 at 12:37 PM #542863SD RealtorParticipantBrian hard work is all relative. However the rate of wages is not determined by me or you, it is determined by the free market. If someone wants to mone coal for a living then that is their choice. If I want to write code or sell homes it is my choice as well and it is hard work. So are all professions but don’t penalize me because I choose to work harder and make more money, regardless of the profession. The bottom line is that I have a simple disagreement about a flat tax. Funny how you all like to make light of those who don’t agree with the enacted polices or namecall those who disagree with moore taxes to enable more spending. Putting a label on a flat tax is fine at it but there is not anything “unfair” about it at all. In fact many of the emerging countries in eastern europe have embraced it.
Honestly it seems to me that there is this inherent mindset out there of those that are successful must carry the burden for those who are not. Thus, they MUST pay a higher tax rate because they make more money. Honestly that is such a jaded outlook that it is laughable. Now without a doubt, even you could see that an ALTERNATE solution can exist where everyone does indeed pay the same rate without loopholes. In fact this solution could exist and in some countries DOES exist. However because of the “debt to society” that some people think is a necessary burden to wealthy people, a flat tax is roundly criticized as being unfair.
The fact of the matter is that is very fair. Unfortuntely it just rubs people the wrong way because they think that those that are successful should pay more. Maybe because of jealousy or envy or personal regret. I am mad as hell that I wasn’t born into wealth but I cannot see how that justifies that a wealthy family should have higher tax rate then my family.
The “fairness” that is “created” by taxing the wealthy is this sort of utopia that to me is a sham. Furthermore that fairness only is relegated to the USA. Because if those people were really honest to themselves, that “debt to society” should be extended worldwide correct? We in the USA are a hell of alot luckier then most of the world population right? A kid who is in Detroit in the projects is luckier then the kid in a camp in Darfur right? So shouldn’t that kid in Detroit have to pay a little bit?
See the “debt to society” argument for wealthier people to pay more is limited in the conversation because to make it abstract shows how unfair it can really be. The reality of the world is just not like that. In fact the wealthy will always be wealthy and the govt will ALWAYS side with the wealthy. If there was a flat tax with no loopholes at least there would actually be some fairness.
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