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re: Why do we need to pay taxes?
Posted on 12/28/20 at 7:53 pm to BorrisMart
Posted on 12/28/20 at 7:53 pm to BorrisMart
quote:
People that work pay and people that don't, don't pay.
I remember a few years ago, it was something like government spending equates to about $15,000 per person.
So someone has a 40K year job, their income tax burden is like 4k.
I'm supposed to cheer for the person who only cost me 11k versus 15k?
Unemployment was historically low, so I don't see how blaming the unemployed means anything.
If we print money and the dollar loses 10% of its value, billionaires will lose 10% of their value, right?
This post was edited on 12/28/20 at 7:54 pm
Posted on 12/28/20 at 8:13 pm to Kujo
Your understanding of basic economics is so poor, it’s laughable...and sad
Posted on 12/28/20 at 8:31 pm to Centinel
quote:
47% percent or more of the people in this country don't pay taxes.
99% of that 47% are registered Democrats
Posted on 12/28/20 at 8:32 pm to Kujo
quote:
Why do we need to pay taxes?
I like my trash getting picked up weekly and an interstate to drive on.
quote:
If we need 3 trillion, then print it. If we need 6 trillion, then print that.
Google Germany post WWI
Posted on 12/28/20 at 8:35 pm to Kujo
quote:
I remember a few years ago, it was something like government spending equates to about $15,000 per person.
So someone has a 40K year job, their income tax burden is like 4k.
I'm supposed to cheer for the person who only cost me 11k versus 15k?
Unemployment was historically low, so I don't see how blaming the unemployed means anything.
If we print money and the dollar loses 10% of its value, billionaires will lose 10% of their value, right?
I think we are talking about different things. You asked why we need to pay taxes. But now you are talking about inflation and what not. There is no doubt that there is an inflation problem of giant proportions, but are you trying to say that you think the Fed should just print unlimited money and have no tax revenue coming back in at all?
I mean I don't profess to be an economist or a tax specialist but even I can see that having no taxes whatsoever and an unlimited printing of money system would be catastrophic. The real problem is that many contribute nothing, while some contribute much more than their share, per population ratio.
This post was edited on 12/28/20 at 8:37 pm
Posted on 12/28/20 at 8:35 pm to Kujo
“Yes, just a small soda and a value menu burger, please.“
“That’ll be $42.85. Please pull forward.”
“That’ll be $42.85. Please pull forward.”
Posted on 12/28/20 at 8:40 pm to Kujo
How else will Pakistan have $10M gender studies?
Posted on 12/28/20 at 8:42 pm to NPComb
Plus, it seems like his premise suggests that he doesn't like having to pay taxes when others don't, and that it is unfair "its costing him [money]." But, if we start printing unlimited money and cease taxing, won't they just tap into things like 401k and pension accounts and what not to cover the costs of things taxes used to go towards?
Posted on 12/28/20 at 11:13 pm to BorrisMart
quote:
American households held over $98 trillion of wealth in 2018
All spending (fed,state,local) was $7.3 Trillion, all receipts were $5.4 Trillion.
So the inflation factor would be about 1.9%, right?
The value of your dollar would drop, but the total dollars you keep would go up.
No sales tax, no property tax, no gas tax, no taxes at all.
You keep everything, and buy what you can.
Posted on 12/28/20 at 11:19 pm to Kujo
We need to pay it to avoid jail time. What you really want to know is why we are we paying people to frick us over.
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