- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: In theory, would you be OK with only letting citizens vote if they filed their taxes?
Posted on 4/7/21 at 3:49 pm to dltigers3
Posted on 4/7/21 at 3:49 pm to dltigers3
quote:
Ah, now I see why you didn’t respond before… if this is your argument, I’m sorry. I thought at first you were financially competent but I guess I was wrong.
You think me paying 22% on all of my net income is better than paying 20% on good and services? Haha
And I don’t care about what percentage Bezos pays, not sure why you keep referencing him.
We don't know because we don't have enough information. Again, are you paying 20% on top of 20% on top of 20% all the way up the production and distribution chain? If not, you'll need to define that.
Are you charging a sales tax on buying and selling stocks? Real estate? Raw baking goods? Hasn't been addressed, either. Which is why the rich, many of whom spend a smaller percentage of their income on traditionally taxable goods, would come out even better under your proposals.
This post was edited on 4/7/21 at 3:57 pm
1
Posted on 4/7/21 at 3:53 pm to dltigers3
quote:
And I don’t care about what percentage Bezos pays, not sure why you keep referencing him.
One of the richest, most influential people in the country who has already directly involved himself in politics wants it, but no one on either side of the aisle is talking about it. Makes sense.
Posted on 4/7/21 at 3:55 pm to BiteMe2020
The answer is .....NO
There are seniors that paid into the system for 40-50-60 years and are currently not making enough money to pay taxes. If you have all your money invested and are living off of SS income for example. How can you penalize that person?
I know of plenty of people living in Wyoming and Montana that never filed income taxes, have taxes removed their checks where they work, no one chases them and no one asks for more money. They also do not expect Medicare or SS.
There are seniors that paid into the system for 40-50-60 years and are currently not making enough money to pay taxes. If you have all your money invested and are living off of SS income for example. How can you penalize that person?
I know of plenty of people living in Wyoming and Montana that never filed income taxes, have taxes removed their checks where they work, no one chases them and no one asks for more money. They also do not expect Medicare or SS.
Posted on 4/7/21 at 3:58 pm to BiteMe2020
quote:
We don't know because we don't have enough information.
Exactly, none of us have the information. Which is why it’s impossible to answer your questions with the specificity you are looking for
quote:
Are you charging a sales tax on buying and selling stocks? Real estate? Hasn't been addressed, either. Which is why the rich, many of whom spend a smaller percentage of their income on traditionally taxable goods, would come out even better under your proposals.
First part was already answered, and I don’t know why you hate the rich, but I am not a liberal so I don’t feel the need to punish the rich for being successful.
Posted on 4/7/21 at 4:00 pm to dltigers3
quote:
Exactly, none of us have the information. Which is why it’s impossible to answer your questions with the specificity you are looking for
Which is why I questioned the proposed "national sales tax" advocates in the first place. Most have not thought it through nearly well enough to be as in favor of it as they think they are.
quote:
First part was already answered, and I don’t know why you hate the rich, but I am not a liberal so I don’t feel the need to punish the rich for being successful.
I don't hate the rich. I just don't see why you'd call something "more fair" when it works to prevent more people from becoming rich, and protects those who are already rich.
Posted on 4/7/21 at 4:02 pm to BiteMe2020
quote:
Bezos would love it. He'd pay less taxes than he does now, while many of us would pay the same or more.
Again, debunked. Bezos has an 81k salary from Amazon. He pays 22% income tax on that. He then pays long term cap gains at 20% when he sells stocks. He pays a smaller percentage overall than I do.
Posted on 4/7/21 at 4:04 pm to dltigers3
quote:
Again, debunked. Bezos has an 81k salary from Amazon. He pays 22% income tax on that. He then pays long term cap gains at 20% when he sells stocks. He pays a smaller percentage overall than I do.
He made $1.68 million in income. Sure, only 81k was from salary from Amazon.
So, you'd keep the cap gains tax and implement a sales tax on top of that?
Posted on 4/7/21 at 4:07 pm to BiteMe2020
quote:
Which is why I questioned the proposed "national sales tax" advocates in the first place. Most have not thought it through nearly well enough to be as in favor of it as they think they are
Well this statement is a far cry from calling us dick sucker moron idiots. Your meds must’ve kicked in haha.
I have not, and will not claim to have all the answers. But you never even tried to debate it, you just name called from the beginning.
quote:
I don't hate the rich. I just don't see why you'd call something "more fair" when it works to prevent more people from becoming rich, and protects those who are already ri
I don’t recall ever saying it was more fair. I do think our government will be better controlled when more people pay into the system and see their money being wasted. I believe that payroll and income taxes blind people to exactly how much is being wasted because they don’t ever see that money. If I could change one thing about our current system, I would make people pay income taxes directly each month like a bill instead of through payroll deductions. Would open a lot of eyes about who actually is paying their “fair share”
Posted on 4/7/21 at 4:09 pm to BiteMe2020
quote:
So, you'd keep the cap gains tax and implement a sales tax on top of that?
Well items that fall under cap gains tax in TN aren’t subject to state sales tax, so it would have to be one of the other.
Posted on 4/7/21 at 4:11 pm to dltigers3
quote:
Well items that fall under cap gains tax in TN aren’t subject to state sales tax, so it would have to be one of the other.
Okay, so that won't necessarily carry over to a national sales tax plan. It's those details that make big differences.
Most people have their homes as one of their largest monthly expenditures. Throw a 20% tax on that, too?
Posted on 4/7/21 at 4:19 pm to BiteMe2020
quote:
Okay, so that won't necessarily carry over to a national sales tax plan. It's those details that make big differences.
Agreed completely, which is why we said earlier that we can’t just spit a number out to you on the fly. It is something that needs to be studied and worked out.
Mortgages aren’t subject to sales tax in TN, which I posted earlier, so no there wouldn’t be a tax on that
Posted on 4/7/21 at 4:22 pm to BiteMe2020
quote:
made $1.68 million in income. Sure, only 81k was from salary from Amazon.
Assuming this is true, which I couldn’t find a source for, but even at that, he pays about 550k in income tax not including any deductions (clever accounting). If we had a nationwide sales tax at 20% he would only need to spend 2.8 mill a year on good and services to have the same tax liability. I don’t know about his lifestyle, but I do know that if I had as much money as him, I’d be spending a shite load more than that haha
Posted on 4/7/21 at 5:59 pm to dltigers3
quote:
(clever accounting).
Can you define this term for us? What exactly is "clever accounting"?
Do you take advantage of any of these "clever accounting" tricks for your personal tax situation?
Posted on 4/7/21 at 6:03 pm to BiteMe2020
quote:
The point is, none of these "national sales tax" proposals are well thought out.
Does this look well thought out?
Posted on 4/7/21 at 6:10 pm to jclem11
The race pimp has returned!
POS!
POS!
Posted on 4/7/21 at 6:20 pm to UncleLester
quote:
In theory, would you be OK with only letting citizens vote if they filed their taxes?
No. Before my parents passed, their income was so low that they didn't have to file a tax return. They should not be denied voting for failing to do something not required of them to vote.
Posted on 4/7/21 at 6:23 pm to ItNeverRains
quote:
Only land owners should vote.
Nope. As a renter, the owner adds his property taxes to my rent.
Posted on 4/7/21 at 6:29 pm to jclem11
quote:
Can you define this term for us? What exactly is "clever accounting"?
I am not using this term in a derogatory way. I absolutely do and I expect everyone to use every legal means to lower their tax burden. Which is why I understand that tax brackets for the rich are silly to go by since they obviously have ways of legally lowering their effective tax rate.
Sorry if it came off as a negative, not my intent. I don’t have any issue with wealthy people doing everything they can legally to protect their wealth from a wasteful government
Posted on 4/7/21 at 6:51 pm to NoHoTiger
quote:
As a renter, the owner adds his property taxes to my rent.
Be careful. All these temporarily embarassed billionaires in this thread will tell you that you don't pay property taxes.
Your poor, downtrodden landlord pays those taxes; not you.
Posted on 4/8/21 at 6:24 am to NoHoTiger
quote:
Nope. As a renter, the owner adds his property taxes to my rent.
The property taxes paid by the deeded owner have no impact on market value of the rented property. If owners property taxes double and rental market stays stagnant, your rent will not increase. You’re not a shareholder, you have no ownership in the property.
You’re using female logic.
This post was edited on 4/8/21 at 6:26 am
Page 14 of 14
Popular
Back to top
Follow TigerDroppings for LSU Football News