POLITICAL THREAD

[Dionysus444]

I find the flat tax very intriguing and a good idea.

I have always had one question that I personally cannot figure out how to handle, for lack of a better term.

Let's say we set the no-tax threshold at $30K and a 20% rate.

If I am an employee who makes around $24,500 - $29,999, how do I get over the $30K hump and not take a pay cut?

It looks to me like the $30 - $36K pay range would be an area where you could actually take a pay cut when given a pay raise, or just fall in that pay range.

Do we do a phase-in tax of some sort to get over the hump of a pay raise costing employees money?

I hope I expressed the above in a semi-coherent fashion. This thought has been in my head, I just did not nit-pick the scenario or math to try and make it bulletproof for certain people in this thread

The previous statement is not directed at you ram1955

Imo, you'd pay no tax on the first $30K, then only pay tax on the $6k above that. You're still incentivized to make more money.

Are you asking asking about the current system or a flat tax? The way it works now you're only taxed at higher rates on the money made in each of those brackets. So if the rate tiers are say 30k, 50k, and 100k and you make 120k, the first 30k is taxed at the 30k rate, the next 20 at the 50k rate, the next 50 at the 100k rate, and the last 20 at the next rate. You never get taxed more for a raise bumping you up into a higher bracket because only the money in that bracket gets taxed at that rate. Same would be true of a flat tax I'd imagine.

 

[ram1955]

He's asking about the current system. You're only taxed at higher rates on the money made in each of those brackets. So if the rate tiers are say 30k, 50k, and 100k and you make 120k, the first 30k is taxed at the 30k rate, the next 20 at the 50k rate, the next 50 at the 100k rate, and the last 20 at the next rate. You never get taxed more for a raise bumping you up into a higher bracket because only the money in that bracket gets taxed at that rate. How old are you and how long have you been working that you don't understand basic tax structure?

I understand how the tiers work. I read the question as a response to my idea that has only two tiers..up to 30K and in excess of $30K. Why should there be tiers?

 

[Dionysus444]

There are absolutes that we as a nation and humanity in general subscribes to. Essentially, list the 10 Commandments and most people will agree with no fewer than 8. Most would agree that murder is wrong thus our's and most societies have outlawed it. Most agree that killing innocent people is wrong. Abortion is murder; it's killing. Theft is wrong. Robin Hood was a criminal!

I don't disagree that we are headed toward big problems, but redistribution of wealth is not the answer. You cite financial issues, but those problems are only symptoms of deeper problems. We are, indeed, headed to hell in a handbag. I've asked before, "If we could limit the Trumps, Gates', of the world's income....or say tax them at the 50% level, what would we do with the money???? Would we give it away to people who don't earn it....like social programs do? Would we destroy people's drive to better themselves (employee telling me she has to quit her job because the "welfare" office says I'm making too much money)? We, as humans, are greedy.
We should not take advantage of others, but in some ways, that's what capitalism does.
You cannot legislate that people have the desire to share...though we should do so. Until people in general make the decision to be kind, cooperative and compassionate, we will have problems. Don't hold your breath waiting for that to happen. Yet, that does not excuse individuals from caring for others.

Tell you what: Let's come up with a plan by which the gov determines the amount someone like me pays in support of social programs, health care for others, supporting childcare, etc.... Give me the opportunity to spend that same amount of money on similar efforts and require me to demonstrate I've spent the money...but allow me the freedom to determine how and on what I spend the money. Upon verification, do not require me to submit that amount to the irs.

That's exactly what tax breaks for charitable giving are...

Also, Robin Hood was the moral center of the story, not the rich Sheriff or King. Morals /= legality, as you point out in this very post about abortion.

 

[Dionysus444]

I understand how the tiers work. I read the question as a response to my idea that has only two tiers..up to 30K and in excess of $30K. Why should there be tiers?

Why would how many tiers there are make a difference? @augustaky1 said he thinks if you get a pay raise bumping you from one bracket to another you could actually be getting a pay cut due to higher taxes. I'm pointing out that it doesn't work that way. Doesn't matter if you have two brackets or twenty.

 

[Rex Kwon Do]

And why should he divest? Is HE running for President? Considering the current guy didn't divest a thing, this is kinda funny to go after the kids of the candidates as if they are running.

He’s divesting because he skirt.

 

[ram1955]

Why would how many tiers there are make a difference? @augustaky1 said he thinks if you get a pay raise bumping you from one bracket to another you could actually be getting a pay cut due to higher taxes. I'm pointing out that it doesn't work that way. Doesn't matter if you have two brackets or twenty.

You are right. I understand what you are saying. I favor a flat tax of x% of everything over a certain level. No deductions...no credits.

 

[DwayneMeighan]

Published on Oct 7, 2019
Four months after finishing phase one of The People's wall on their land, the property owners share their story.

 

[screwduke1]

 

[UKBrassowTipIN]

Damn tax argument.

Look, the current tax system is set up to incentivize earning and spending and investing. That creates wealth, which is not zero sum like leftists think it is; the endless growth little swedish girl screams about is the economic egnine which is lifting people out of poverty and destitution worldwide at an unprecedented rated.

The 1% not paying their fair share, they already pay more tax than like the 93% of the bottom combined. You are complaining about scraps.

Oh, Amazon doesn't pay tax. That's cause they spend all their income which ends up just creating more income until Bezos dominates the world, in the meantime creating incalculable tax revenue.

You can syphon off wealth from them in endless measures other than socialism, which does nothing but retard economic growth. Go to Europe and see, you will get paid less money for the same work and you will get taxed at rates you can't comprehend and hell if you happen to make enough you get taxed twice should you retain your American citizenship. Go ahead and do it.

Something like 5 million of the world's 10-15 million millionaires are American. When you have that kind of wealth you don't just leave it in the bank collecting dust, you spend it which becomes someone elses' income or you invest it or you use it to create more money by buying businesses or lord knows what else. THere's nowhere on the planet to get rich better than the USA and that's what enables our economy to be the bets in so many measures, why people like Elon Musk are American and not Swedish. If you want to be taken care of by a welfare state you can go move to Sweden, where you will be paid less for the same work and they will tax you more for that work. We already have a liberal progressive system here, if it's not good enough for you then go move or start up a workers cooperative company or something if you need to satisfy your communist fetishes.

This is what they dont understand. The wealthy dont make money the same way we do. They dont just get a check in the mail every two weeks. They make money on capital.
Not to mention people arent going to just pay, they will move all their money around in blind trusts and llc's and off shore account. Or like you said, spend it. Like buy a privately held company.

Its unconstitutional to tax net worth and its impossible to find out what that is to begin with.

 

[Bill Cosby]

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Put the “whistleblower” under oath along with Schiff. Pretty goddam clear they know they can’t have the “whistleblower” under oath where people can ask about his collusion with Schiff.

 

[UKBrassowTipIN]

Good question for @Dionysus444 who became a foreign policy activist over night

 

[bigblueinsanity]

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Put the “whistleblower” under oath along with Schiff. Pretty goddam clear they know they can’t have the “whistleblower” under oath where people can ask about his collusion with Schiff.

Exactly why they won't testify. Fear of perjury

 

[warrior-cat]

This was a huge mistake by Obama. We should have intervened in Syria earlier. But giving Turkey the green light to slaughter your allies who you just abandon is disgusting. And then Turkey puts our troops there in danger and not a word from Trump. Guess he's gotta protect his assets in Turkey.

It wouldn't surprise me too if he just let this happen to take the heat off his impending impeachment. Didn't you guys want to impeach Obama for wearing a tan suit or something?

False.

 

[warrior-cat]

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Been saying there is no whistle blower and that's why there will be no testimony. If there is without oversight from trusted organizations, it will only prove my postings. Can't have testimonies without proof of an actual person testifying. We all know this is a farce well, most of us do. The lemmings who believe what they want to believe will not be unswayed and the corrupt will continue to lie for personal gain screwing the masses in the process.

 

[UKBrassowTipIN]

Or heres one @Dionysus444

 

[DwayneMeighan]

Scientists endorse mass civil disobedience to force climate action
https://mobile.reuters.com/article/amp/idUSKBN1WS01K

"We believe that the continued governmental inaction over the climate and ecological crisis now justifies peaceful and non-violent protest and direct action, even if this goes beyond the bounds of the current law," said Emily Grossman, a science broadcaster with a PhD in molecular biology. She read the declaration on behalf of the group.

 

[DwayneMeighan]

 

[AustinTXCat]

Trump sure isn't making UK football great again

 

[DwayneMeighan]

 

[bigblueinsanity]

Loved Trump's tweet today telling Congress if they're so concerned, make a declaration of war. For such a dictator he sure shows alot of executive restraint

Also saw hunter Biden resigned from his position on a Chinese board but will keep his 10% stake in the business.Odds he got that job on his own merit? 0% or less than 0%

 

[KyFaninNC]

If you earn > $30K you only pay tax on that amount over $30K...not all of it. Someone making $35k would pay tax on $5K. Someone making $40K pays tax on $10K, etc

Today someone married who earns < $50K pays 0 federal tax.

Not true. I am retired and my wife and I pay taxes on 50K.

 

[screwduke1]

 

[Dionysus444]

Or heres one @Dionysus444

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As I've posted before, the Syrian civil war is ambiguous. You don't know who you'd back/arm in any of that mess any more than anyone else. The only unified force worth supporting in any of it is the Kurds. And now we've openly screwed them. You're just trying to muddy the waters to distract from an indefensible mistake. Even you agree letting Erdogan slaughter the Kurds is the wrong decision, you're just "but what about Obama?!?"ing.

 

[TheFrontRunner]

Never forget Obama had a ceremony for Bergdahl and his family at the White House. May Barack burn in hell.

 

[55wildcat]

Elton John, yet another Trump hater who in my opinion, you disrespect my President you disrespect my country yet you are here milking money from touring my country. Elton you can suck a big fat dick but that can’t embarrass you since you already do! The right needs to stop paying to see America haters because of our President and our beliefs yet they are there. Why?? Hit the wallet and our voices are heard!! If somebody gave me stage tickets and VIP meet I would flush em down the toilet. No way do I support those who disrespect my country but also would not sell tics to those who do!!

 

[TheFrontRunner]

 

[P19978]

Elton you can suck a big fat dick...

You're too late.

 

[P19978]

Never forget Obama had a ceremony for Bergdahl and his family at the White House. May Barack burn in hell.

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My periodic reminder that Obama is a complete POS.

 

[mdlUK.1]

 

[55wildcat]

You're too late.

No shit. He has throated more meat than a crack whore on third street in gooey ville. Joey Chestnut bows out if he ever enters nathans tourney. Jus sayin

 

[AustinTXCat]

 

[Ed323232]

Loved Trump's tweet today telling Congress if they're so concerned, make a declaration of war. For such a dictator he sure shows alot of executive restraint

Also saw hunter Biden resigned from his position on a Chinese board but will keep his 10% stake in the business.Odds he got that job on his own merit? 0% or less than 0%

Should have wished his bastard daughter a happy birthday while he was in there.

 

[Ed323232]

My periodic reminder that Obama is a complete POS.

Just be glad there are 2 term limits or he would still be your daddy.

 

[rqarnold]

Not true. I am retired and my wife and I pay taxes on 50K.

You need a better tax accountant.

 

[TheFrontRunner]

Democrats always out there debating the things meaningful for you and your family...

 

[DwayneMeighan]

This one's pretty good. Don't miss it.

https://taibbi.substack.com/p/were-in-a-permanent-coup

 

[bigblueinsanity]

Should have wished his bastard daughter a happy birthday while he was in there.

You aren't even making sense.

Any updates on how you voted for mitt then Obama?

 

[AustinTXCat]

No. I really did vote for Romney. Voted obama second time.

 

[DwayneMeighan]

You know how their excuse is always they only refuse to cooperate with ICE when it involves nonviolent crime?

An illegal immigrant was arrested for rape in a sanctuary city. ICE put in detainer to place on hold on him for deportation. Instead of cooperating with ICE he was let free from jail. What did he do immediately after being released? Returned to his victims house and tried raping her again.

https://www.ice.gov/news/releases/i...rape-who-went-victims-house-immediately-after

 

[Ed323232]

You need a better tax accountant.

Turbo tax. Lol.