Published: Tuesday, April 8 2014 12:00 a.m. MDT
What a unique way to put it. I work for the gov't until May every year!
That is certainly eye opening.
In a democratic republic, we get the tax obligation we vote for. Perhaps we
should move Election Day to April.
Taxes really don't need to go down. That's a false premise. If you
want the tax "burden" to go down, then there needs to be investment in
infrastructure and research, employment programs should be enhanced, and
resources given unquestioned to military and national security need to be
reassigned. Under the current President, government employment has gone down.
Your simplistic argument is nothing but mindless parroting and you offer
absolutely nothing as far as substantive porposals on how to address the issue
of tazation. There should be tax reform, but special interests in Washington
won't let that happen, and Congress serves their masters (not the American
people). Are you willing to take on this windmill?
In 1900 there were hardly any paved roads, no highway system (no automobiles),
no airports, our military ranked 17th in the world, etc, etc, etc. If we want
to go back to Tax Freedom Day in 1900, we will have to give up a lot of things
including world prestige.
Measured as a percentage of GDP, U.S. taxes are just about the lowest in the
developed world. If we want to live in a modern society, we have to pay for it.
I have an easy solution to this problem. Quit creating economic incentives for
business to move off shore. Tax imports heavily like most other countries do.
American companies will find that it is not financially beneficial to continue
to operate sweatshops in third world countries and they will bring manufacturing
jobs back to America. We will increase the number of manufacturing jobs in
America and decrease in the need for entitlement programs and an opportunity to
lower the national debt. Tax revenue will increase at the local, state and
federal level. Win Win for everyone.
Tax obligations on the Middle Class are growing, but since when did
conservatives care about the Middle Class?
Wait what? So you mean we have to pay for a military which outspends
the rest of the world 2-3 times over? We have to pay for those 2 decade long
wars in the Middle East? We have to pay for bank bailouts and other handouts to
Wall Street? Boy, and here I thought all of that was free!!!No
wonder why other countries don't just give blank checks to their
militaries, go to war for bogus reasons, and have strict financing regulation!
LOL! The problem is, even with all of the taxes we are paying. We still
can't cover what we are spending every year. That is why we have
$17,000,000,000,000.00 in debt. That is why we have $90,000,000,000,000.00 in
unfunded liabilities. That is why we are screwed as a country and people
financially.You really believe our taxes paid for the past wars? We
borrowed money for that. Do you think our taxes cover the roads? We borrowed
money for that.What we really need to do, is STOP BORROWING money.
Once we solve that problem, then we can move on to what programs do we cut down,
but, still maintain 10-20% of the budget to pay down our debts.Then
and only then will we be financially solvent as a country.Under our
current president we have been downgraded. Under our current president we
escalated war. Under the current president our debt increased $7 Trillion.Bush has blame but Barack hasn't been the savior either.
This story is only true for the 1/2 that pay taxes, for the other half, they can
celebrate every day of the year.
There are a lot things going into the deficit and debt stew. Most have been
mentioned, except one, that being the decrease in marginal tax rates at the high
end for individuals and corporations over the last 30 years. But many here will
argue it's not right to tax the wealthy at higher rates. I, as a Marxist
theoretician, would answer "it's OK because of the workings of surplus
value in the employer-employee relation."Such insight is
inadmissible here, but the principle is operative fully.
RE: IDC "This story is only true for the 1/2 that pay taxes, for the other
half, they can celebrate every day of the year." Everybody pays some sort
of tax, especially the regressive sales tax.
Just a friendly reminder folks -- No one has paid one red CENT
toward Bush's $3 Trillion Wars in the Middle East.
The date depends on your tax bracket. My father in law is in the
highest federal tax bracket. He's an antrepreneour (likes starting new
businesses, and buying and selling realestate, office buildings, etc). So pays
lots of captial gains taxes... and lives in a high taxed state.He
has several busineses he owns and runs and collects a pay check from.
He's considered retiring. He frequently asks, "Why work? You are
working for the Government more than you are for your family at this point".
He says he only gets to keep ~50% of his paycheck. The Government
takes ~50% of the rewards of his labors... and he gets to keep ~50% to support
his family. The harder he works... the more the government makes. If he
takes a risk and makes a good investment... the government reaps the rewards.
He's working for the Government! Why not just retire....That
though crosses his mind when he gets paid (and realizes he only gets to keep
~50% of his earnings).Kinda makes you want to retire...
Re: 2bits "That though crosses his mind when he gets paid (and realizes he
only gets to keep ~50% of his earnings)."Yes, but 50% of what?
Also, where does he come up with the 50% figure? The highest marginal rate and
the capital gains rate aren't even close to 50%.
I would like to see the "tax freedom day" for all the state and local
taxes, fees, licenses, permits and costs of local and state governments.Then the freedom day for all health care costs. All charity and
religious costs, All transportation costs, All utility costs, etc. etc. etc.Maybe we could find some new candidates for our hate.
Why can't we give the businesses and individuals an option to actually do
the work for the government or directly take care of some need instead of paying
taxes? I personally would be much happier to pay my taxes by taking care of some
actual visible need - e.g work on a software project, teach a child to read,
help some college student pay for school, or take care of a needy family. This
way I would not be looking for deductions and be proud of contributing more than
my legally required share. With the current method I look for every legal
deduction. Why? Because I do not trust that the government will do a good job
spending the money. The charitable donation method does not cut it unless we
make it a tax credit instead of a deduction. Donating to a charity that helps
the government spend less in some way should be a tax credit for each dollar the
@marxist,Re "Yes, but 50% of what"...That's why I
kinda roll my eyes when he complains about it. He pays more in taxes quarterly
than I make in a year. So I don't feel too sorry for him. But I can
understand him. He's not a big Federal Government fan. So it kinda erks
him that the people he's not a fan of make as much off his hard work as he
does. I know... kinda selfish to want to keep more of his pay check
(even if he doesn't need it).Money is the way people like him
keep score. And it bugs them that if they make a basket... they only get 1
point, when others get 2.===About the ~50% tax...I
said "~"50% because it's "approximatly" 50%. It's more like 45% (all taxes combined). But it's close enough.He combines all his taxes in his mind... Federal Taxes + State Taxes,
Capital Gains, Social Security, property taxes, Sales tax, etc, etc.His income usually involves a big sale. Say he sells a $1 Million office
building... he gets to keep $500,000, Government gets $500,000... for doing
@2 bits: The wealthiest Americans pay an average income tax rate of 16%. Those
slightly well off pay a bit more, typically 20-21%. Capital gains taxes top out
at 20% and that income is not subject to income or SS tax. If your father-in-law
is truly wealthy he probably pays very little in SS taxes due to the income cap.
I don't know what state he is in, but there is really no one who pays 50%
of their income to the government.
We have limited the Federal Government to taxing us for 17 duties (they are
enumerated in Article I, Section 8). Those 17 duties cost less than 33% of the
current Federal Budget. The first step in balancing the Federal Budget is for
the Court to do its duty and throw out any legislation that taxes us for
anything that is not on that list. If we really want those services, we must
also follow the Constitution and delegate those duties to the States or to
ourselves.ObamaCare is not on that list.Social Security
is not on the list.ObamaPhones are not on that list.Vacations in Hawaii are not on that list.Golf is not on that
list.Flying around the country campaigning for programs that Obama
wants is not on that list.If we want to be free from the growing
demands from Government, WE must elect ONLY those people who sustain the
Constitution. Check the voting records for OUR Congressmen. If any one of them
has voted to fund anything that is not authorized in Section 8, that Congressman
has violated our trust.
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