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Started By
Message
2
Posted on 9/28/17 at 11:43 am to memphis tiger
quote:
I do have a problem with those same people MAKING money from various tax credits and the like.
The problem is deductions vs credits.
You can't make money off of a deduction - only pay less.
A credit treats as if you paid that amount in taxes, so it basically tricks the system into thinking "Hey, you paid an extra $2000 because you made too little money".
OTOH, because of the weird way deductions work, I'm not surprised that's what they did. What they should have done is rework the tax code to make more sense, not keep building onto a broken system.
Posted on 9/28/17 at 11:44 am to Machine
quote:
the argument is that this can make people lazy. my response, who cares?
look at how much of the budget is paid to welfare programs
that's why we care
60% of our budget is dedicated to TWO welfare programs
Posted on 9/28/17 at 11:44 am to Machine
You don't care about poor people.
Posted on 9/28/17 at 11:45 am to udtiger
This is all further distorted by lower income earners earning so much in cash wages that never go reported.
I feel for the guy making an honest living as a manager at whataburger making $30k a year. Has to report every dime of that while some guy doing shitty painting work doesn't report a dime he makes and likely makes more than the manager.
I feel for the guy making an honest living as a manager at whataburger making $30k a year. Has to report every dime of that while some guy doing shitty painting work doesn't report a dime he makes and likely makes more than the manager.
Posted on 9/28/17 at 11:45 am to memphis tiger
Income taxes should apply only above a certain basic survival threshold. They should focus on disposable income, exempting money spent on basic needs.
Posted on 9/28/17 at 11:46 am to Machine
quote:
unless you consider public welfare programs "making money"
Why is the Earned Income Tax Credit considered "welfare"?
And why is 40% or so of the eligible population NOT paying income tax OK with you?
To be fair, I'd prefer to get rid of income tax the way it is set up now and move to a fairer and more simplistic tax code.
Posted on 9/28/17 at 11:47 am to SlowFlowPro
quote:
look at how much of the budget is paid to welfare programs
that's why we care
60% of our budget is dedicated to TWO welfare programs
yeah, out of control spending has plagued Washington for years. that's a solid red herring.
Posted on 9/28/17 at 11:47 am to roadGator
quote:
You don't care about poor people.
if you say so
Posted on 9/28/17 at 11:50 am to Machine
your original comment was about "who should pay more"
out of control spending is only "out of control" due to welfare programs. the entire point of this thread is talking about the inequality of who pays into the public coffers and who receives the spoils of that system. without these leviathan welfare programs, this unequal tax system would become irrelevant
quote:
to me the biggest difference is what is truly fair.
everybody paying into the system
-or-
the people who thrive off the system paying into it while people living in poverty already scraping by as is not paying into it.
out of control spending is only "out of control" due to welfare programs. the entire point of this thread is talking about the inequality of who pays into the public coffers and who receives the spoils of that system. without these leviathan welfare programs, this unequal tax system would become irrelevant
Posted on 9/28/17 at 11:51 am to memphis tiger
quote:i said i agreed with no tax credits for people who aren't paying taxes.
Why is the Earned Income Tax Credit considered "welfare"?
quote:
And why is 40% or so of the eligible population NOT paying income tax OK with you?
because the top 20% paid 83.9% of all federal income tax, and still live a more comfortable life than the bottom 40% will ever dream of sniffing
quote:
To be fair, I'd prefer to get rid of income tax the way it is set up now and move to a fairer and more simplistic tax code.
we could 100% fund the government with a national sales tax and abolishing the income tax. this would disproportionately affect those at the bottom, however there are definitely ways this can be offset.
This post was edited on 9/28/17 at 11:53 am
Posted on 9/28/17 at 11:52 am to SlowFlowPro
quote:agreed
out of control spending is only "out of control" due to welfare programs.
corporate welfare and military welfare need to be addressed too
Posted on 9/28/17 at 11:57 am to Machine
Everyone should pay something. If they don't they should not be allowed to vote.
Posted on 9/28/17 at 11:58 am to Janky
quote:
Everyone should pay something. If they don't they should not be allowed to vote.
unfortunately disenfranchisement is unconstitutional :(
Posted on 9/28/17 at 11:58 am to Machine
quote:
when the richest tax bracket paid 90-something percent.
This NEVER happened.
Posted on 9/28/17 at 11:59 am to tjv305
quote:
it would keep people from having kids they can't afford.
Link? There is zero evidence of this.
Posted on 9/28/17 at 11:59 am to Machine
quote:
corporate welfare and military welfare need to be addressed too
drops in the bucket
i posted the proposed 2016 budget. 60% of federal spending is on 2 welfare programs. the entire military budget is only like 13%
Posted on 9/28/17 at 12:00 pm to Machine
Upper middle class white kids are usually the largest sheltered group there is and have no real understanding how things work in the real world.
Welfare of any kind is a disincentive to do anything but collect more welfare.
Welfare of any kind is a disincentive to do anything but collect more welfare.
Posted on 9/28/17 at 12:00 pm to skrayper
quote:
The share of tax paid by the top 20% of Americans also changes when such social-insurance levies are included: It drops from more than 80% of income taxes to about 67% of all federal taxes."
Oh...well then my argument is completely defeated.
Posted on 9/28/17 at 12:00 pm to Eli Goldfinger
quote:
It's really stupid that people can get back more money than they pay in.
This is a huge problem IMO.
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