Author Topic: The myth about taxes (Read 1293 times)

TweetyBird · « **on:** July 30, 2004, 10:00:08 PM »

Tax the rich. Cut the tax for the rich, they're overburdened.
Cutting taxes for business speeds growth. Class warfare - blah blah blah...

Its all smoke and mirrors. Its not complicated to figure out who pays taxes that keeps the US government afloat. Its the person at the end of the expense chain. Its the person who uses a US product or service and cannot expense the taxes on that product. Its that friggin simple. So the ONLY way to cut taxes is cut government spending. Cut the rich or the middle tax brackets, the people at the end of the expense chain will pay the same amount if the government is spending the same amount. Some creative ways of hiding this fact is defering the debt and running a deficit. Then the children of the people at the end of the expense chain will pay the debt - WITH INTEREST.

So when you hear ANY candidate talking about cutting taxes without cutting goverment spending, write it off as BS. And if you can't expense your taxes, you are one of the people paying for the US goverment. So when George W sent you your little rebate check while INCREASING government spending - know that you were BS'ed. He didn't give you money - he gave you a loan which you or your children will repay with interest. Thats unless you are fortunate enough to be able to expense your taxes down to the next unlucky shmuck on the the expense chain.

Lizking · « **Reply #1 on:** July 30, 2004, 10:15:04 PM »

You might want some fiber in your diet.

TweetyBird · « **Reply #2 on:** July 30, 2004, 10:20:48 PM »

>>You might want some fiber in your diet.

<

Crow has fiber doesn't it? I'll gladly eat it if you can post an accounting equation to refute the post.

Toad · « **Reply #3 on:** July 30, 2004, 10:23:19 PM »

The obvious flaw in your logic is that the Legislative branch would allow a reduction in spending.

That's their job you know, spending other people's money. You're thinking they're going to put themselves out of a job?

B17Skull12 · « **Reply #4 on:** July 30, 2004, 10:25:22 PM »

TweetyBird · « **Reply #5 on:** July 30, 2004, 10:32:19 PM »

I'm not for one second thinking that government is ever seriously considering cutting the size of goverment - you're exactly right - they'd be cutting their throat.

I'm trying to explain why the midde class will ALWAYS take it up the arse. The middle class are the unfortunate people at the end of the chain. Those in poverty get government relief. Those above poverty and below the common ground for expensing taxation are the people suffering for government spending.

When GMC whales about higher corporate tax, it not because it going to reduce their profits. Its because it going to tie up their money while they pass the cost down to the person at the end of the chain.

Toad · « **Reply #6 on:** July 30, 2004, 10:36:10 PM »

Define "middle class", please. How you view it by income for instance.

TweetyBird · « **Reply #7 on:** July 30, 2004, 10:40:51 PM »

Those above poverty, don't own a business, and can't expense taxation in any way.

I think this is more accurate than an income bracket.

Gunslinger · « **Reply #8 on:** July 30, 2004, 10:46:28 PM »

so somone who makes 200k+ a year needs to pay 75% of his income to the govt. I dont care how rich a person is the govt.....and the people are not entitled to that much of it~!

Toad · « **Reply #9 on:** July 30, 2004, 10:47:14 PM »

I think that just non-definitive. Probably for a reason.

Where would you draw the "poverty" line then? What income level?

Own a business? Any business? One that grossed $50K equal to one that grossed $5 million?

Expense taxation? How much? 5% of your gross income expensed? 25%? 50%?

BTW, did you find an "expense taxation" website or something?

TweetyBird · « **Reply #10 on:** July 30, 2004, 10:49:53 PM »

No one pays 75% income tax in the US. Its been years since I looked, but I think the highest bracket is 40% (I'm pretty sure its lower now). Anyone in that group who isn't expensing that tax, is a fool or a lottery winner.

Martlet · « **Reply #11 on:** July 30, 2004, 10:54:57 PM »

Quote

Originally posted by TweetyBird
No one pays 75% income tax in the US. Its been years since I looked, but I think the highest bracket is 40% (I'm pretty sure its lower now). Anyone in that group who isn't expensing that tax, is a fool or a lottery winner.

They did before Reagan took office.

TweetyBird · « **Reply #12 on:** July 30, 2004, 11:05:39 PM »

Wrong - gota check but I think the highest ever was 63%

TweetyBird · « **Reply #13 on:** July 30, 2004, 11:07:44 PM »

>>BTW, did you find an "expense taxation" website or something?
<<

Sorry you don't like that term. Can you think of a better term for passing taxation down the consumer line?

Gunslinger · « **Reply #14 on:** July 30, 2004, 11:12:03 PM »

Quote

Originally posted by Martlet
They did before Reagan took office.

yup and that got us the great boom of the 90s

tweaty make sure you vote for kerry and you just might get 75% taxes on the "rich"

they allready pay over 90% of all income taxe tax collected.