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re: Why do poor people pretend they're rich?
Posted on 11/10/18 at 9:11 am to mmmmmbeeer
Posted on 11/10/18 at 9:11 am to mmmmmbeeer
This post is so stupid I don’t even know where to begin...
You do realize that most small businesses are structured as sub chapter S Corps which means the profits of the business are taxed as personal income.
So in your hypothetical let’s say Joe pays himself $100k per year and his businesses nets around $300k...so he is taxed on $400k...
And it’s not like Joe is taking that $300k to buy a boat...he is plowing it back into his company. Sure he might take a distribution here and there, but businesses require capital and he can’t take too much..because he has to make quarterly tax payments on projected profits. And if he underestimates he gets fined at usury rates from the IRS
So now do you get it you dumb assed economic illiterate?
You do realize that most small businesses are structured as sub chapter S Corps which means the profits of the business are taxed as personal income.
So in your hypothetical let’s say Joe pays himself $100k per year and his businesses nets around $300k...so he is taxed on $400k...
And it’s not like Joe is taking that $300k to buy a boat...he is plowing it back into his company. Sure he might take a distribution here and there, but businesses require capital and he can’t take too much..because he has to make quarterly tax payments on projected profits. And if he underestimates he gets fined at usury rates from the IRS
So now do you get it you dumb assed economic illiterate?
Posted on 11/10/18 at 9:22 am to BestBanker
quote:
It can be traced back much further. Man had always been selfish.
Sure, man is selfish.
I wouldn’t say this need to tell other people what to do is driven by selfishness though.
Posted on 11/10/18 at 9:54 am to mmmmmbeeer
quote:
WHY IN THE frick would I vote for politicians and policies that predominately look out for only the top bracket?
Simple math shows that it does not look out for the top 1% in a fair world there would be a flat tax and everyone would have vested interest in the tax system so when taxes went up they would go up uniformly. Then there would be so much of the divisive politics, politicians would have to convince everyone that a tax increase was needed instead of just those that it wouldn't impact.
Keep fooling yourself though when there are people that pay nothing for services and others that subsidize half the country.
Posted on 11/10/18 at 9:57 am to RogerTheShrubber
quote:
Most people in the 5% move up and down, it's pretty fluid.
In fact, virtually every member of the top quintile started their work career in the bottom, whether that be with student/part time jobs while getting an education, entry level work, etc.
Very few start life at the top. Mega wealth is usually created by a self-made man (or woman, or however a person chooses to self-identify) and then by 2 or 3 generations pass, usually the descendants are solidly upper middle class, but not at the same level as the founder.
There are exceptions - the Fords, the Kennedys, Rockefellers, etc.
Posted on 11/10/18 at 10:07 am to Ace Midnight
Even if it benefited myself, I would never vote to take money from someone else and give it to me. I don't have my hand out and I dont need a handout. I need the government to leave me alone as much as possible and let me make my own way.
Fact: every person in America is capable of making more money through education and hard work than the government could ever provide them. Why would I settle for less?
Fact: every person in America is capable of making more money through education and hard work than the government could ever provide them. Why would I settle for less?
Posted on 11/10/18 at 10:27 am to mmmmmbeeer
quote:
WHY? Why are y'all doing this? I'm sure there are some on this board who make greater, if not far greater than, $250k year.
Maybe we vote republican because most of their other positions are where we agree. Its not just taxes.
And maybe we would like the rule of law to be applied to everyone.
Maybe we believe that in America you can work hard and have a good lifestyle. But we get pissed off that so much of our tax money is spent to keep able bodied persons laying on a couch. Even if we didnt reduce the tax rates for anyone, think how great our roads, bridges, and schools could be if the money that is wasted on these leeches was spent there instead.
I personally believe the government should only spend money of things that benefit everyone and NEVER A THIN DIME to an individual. No welfare, no EBT, no free phones or wifi. Hunger is the greatest motivator.
Posted on 11/10/18 at 10:34 am to Jeff Boomhauer
quote:
See, that was another time republicans went against their own self interest for the greater good.
Sorry but you can't use things Republicans did that long ago. Why don't you stick to conservative ideologies and liberal ideologies as we know them and then try to apply those. I can guarantee you the southern slave owners were the conservatives back then.
Posted on 11/10/18 at 10:34 am to RogerTheShrubber
quote:
You people are loading up on talking points
I mean, you guys make it really easy
Posted on 11/10/18 at 10:49 am to xrockfordf150x
quote:
make it really simple for you. There are two types of economic systems. Ones with greedy private citizens and ones with greedy governments. If you dislike greedy corporations or private citizens you can choose to protest or shop elsewhere/boycott with no recourse. If you choose to stop funding the government men with guns show up to your house and place you in a cage and sell your assets. Which seems more fair to your average citizen?
The issue is that the capitalist system does not always offer a second option.
let's use a real world example. EA (Electronic Arts) is video game publisher. They buy permission for rights to certain brands and buy studios to create games.
They have many business practices that customers disagree with (Loot Boxes aka gambling, cutting too much content outside initial purchases, etc.)
We could choose to stop buying their products, as was the case with their EA Battlefront 2 game. The issue is, even though they know many dislike their practices, they wont alter their course.
'They make enough money to profit despite the pushback
'They dominate control of the license from Disney.
Other places that challenge your idea are utilities companies and companies in small town where they de facto monopolize the jobs.
This post was edited on 11/10/18 at 10:52 am
Posted on 11/10/18 at 10:51 am to volod
quote:
The issue is that the capitalist system does not always offer a second option.
And you can easily go off with a group and start your own commune like people did in the 70's. No one is stopping you.
Posted on 11/10/18 at 10:52 am to volod
quote:
Other companies that challenge your idea are utilities companies. Companies in small town where they practically monopolize the jobs
Utilities are not free market capitalistic. In fact, theyre much closer to socialistic.
Posted on 11/10/18 at 10:59 am to mmmmmbeeer
I didn't make it through half your post. You owe me money for wasting 30 seconds of my life.
Posted on 11/10/18 at 11:26 am to Ebbandflow
quote:
Sorry but you can't use things Republicans did that long ago. Why don't you stick to conservative ideologies and liberal ideologies as we know them and then try to apply those. I can guarantee you the southern slave owners were the conservatives back then.
You could have saved yourself some time and just typed “I choose to dodge and deflect” instead of typing all that crap
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