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Started By
Message
re: Taxes and Sanity
Posted on 4/11/17 at 1:20 pm to Taxing Authority
Posted on 4/11/17 at 1:20 pm to Taxing Authority
quote:
The killer here is getting health insurance.
Yay regulations!
This negates any tax benefits and then some
1
Posted on 4/11/17 at 5:33 pm to Taxing Authority
quote:
$1 = $1.
That's a fact. It's also a fact that $1 means less to an individual the more money they make.
Posted on 4/11/17 at 6:03 pm to bmy
quote:Really? I just a gallon of milk. It was $5.62. I didn't see anything saying it was a different price based on my income. The cashier didn't ask me either. We must shop at very different places.
a fact that $1 means less to an individual the more money they make.
This post was edited on 4/11/17 at 6:12 pm
Posted on 4/11/17 at 6:10 pm to SoulGlo
quote:There is no doubt Obamacare has changed the risk/reward calculation.
This negates any tax benefits and then some
But this is t the only way to take advantage of capital gains rates. One of the biggest uses of the LTCG rate are homeowners that have seen their house appreciate. Given that the majority of the middle class' wealth is in ownership of their home the LTCG rates are a huge benefit.
Imagine owing a home for 20 years then getting slapped with a 39.5% tax on the sale when you become an empty nester. Sound like a great way to "stick it to the rich? Not to me.
Couple that with the home mortgage interest deduction, and the "middle class" has little to complain about for capital gains.
This post was edited on 4/11/17 at 6:11 pm
Posted on 4/11/17 at 7:37 pm to Taxing Authority
quote:
Really? I just a gallon of milk. It was $5.62. I didn't see anything saying it was a different price based on my income. The cashier didn't ask me either. We must shop at very different places.
Stop being dense. Or don't. Don't really care now that I think about it
Posted on 4/11/17 at 8:40 pm to bmy
quote:
Stop being dense.
it was your claim. $1=$1 unless you know something I don't. Apparently you don't. Now an individual's emotions attachment may be different. But I don't think we should try to legislate based on people's emotional whims. It's neither rational nor objective. The purpose of the tax code shouldn't be to pizz people off.
And further confounding... are those that say "tax the ' rich' because they are too greedy". While simultaneously saying they'll never even notice if they have to pay millions more in taxes. Which isn't? It can't be both.
And if being emotionally attached to ones money is good enough reason not to tax it...
Posted on 4/12/17 at 8:31 am to Taxing Authority
quote:
it was your claim. $1=$1 unless you know something I don't. Apparently you don't.
Now an individual's emotions attachment may be different. But I don't think we should try to legislate based on people's emotional whims. It's neither rational nor objective. The purpose of the tax code shouldn't be to pizz people off.
$500 = $500 but the burden is dramatically different on a person making $35k a year compared to someone making $200k a year. It's not even comparable. Having the $200k guy pay $2,850 might be comparable.
Posted on 4/12/17 at 9:44 am to bmy
quote:Its exactly the same. $500 buys the same amount of government in either case.
$500 = $500 but the burden is dramatically different
Say you had a car for sale. And one guy comes along... he makes $200k and offers you $28,500. Another guy comes along... he makes $35k, and offers you $15,000. Would you take the second offer because it's a bigger burden to him, and thus it has more value?
Posted on 4/12/17 at 10:20 am to Taxing Authority
To my grandpa, "Taxes" is a cuss word.
Posted on 4/12/17 at 11:39 am to Taxing Authority
Rate isn't irrelevant when it's the basis for a trickle down economy.
Posted on 4/12/17 at 11:10 pm to Taxing Authority
quote:
Say you had a car for sale. And one guy comes along... he makes $200k and offers you $28,500. Another guy comes along... he makes $35k, and offers you $15,000. Would you take the second offer because it's a bigger burden to him, and thus it has more value?
i'll take the extra money. as you said.. it buys the same amount of government.
who is more in debt? a person making $200k/year who owes $28,500 or a person making $35k/year who owes $15,000? taxes/money taken out of paychecks for the
Posted on 4/12/17 at 11:47 pm to TheXman
When I look at my paycheck, I don't like taxes. Next Tuesday I'll like them even less. But when I look at the streets that are available for me to get to work on, the dumpster behind my building that is regularly emptied, the military that lets me not worry about being attacked by Syria or North Korea, the hospital that's there and ready if I get hurt or sick, the police who keep me safe from marauding criminals, the clean water coming out of my faucets, the economic system that gives people the freedom to work where they want while keeping big companies from taking advantage of them to the point of practically enslaving them, the relatively clean air, soil and water all around me, the soup kitchen that allows people who sleep on sidewalk grates to keep warm at least get a hot meal once in a while, the buses and trains that help millions of people around the country get where they need to go, the schools that teach people how to read, write and be productive, along with all the countless other benefits I get from living in a civilized society, I realize that a chunk of my paycheck isn't too high a price to pay for the return on investment I see every day.
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