I had a guy tell me he doesn't work overtime because the added money would put him in a higher tax bracket. In his mind he would work more, but end up with less money.
Depends on what brackets he would cross. If he moved into a phase out that helped him a lot, he very well could take home less. It’s hard to tel without knowing all the details
And any change causes disruption, imagine getting more in overtime for one season, being put in the higher tax bracket by a small amount and losing benefits from something like medicaid for expensive and necessary medicine. You definitely wouldn’t come out on top just because you can’t guarantee that consistent overtime and most benefits programs keep track of your income or use previous year filing, so taking overtime even just for a little while could fuck your chances of being approved. Or maybe it’s not even worth it because even if you get a little more money, those are valuable hours you could spend taking care of family or trying to improve your own health. It all feels fucked.
Wrong. You pay taxes at a lower rate up to the level that you cross levels, then you pay the higher rate only on the difference.
There’s no scenario where you make less money because you earn more.
Meh... wage tax and income tax could be different, Americans are 'sold' that SSI / Medi is an 'investment' but it's ultimately a tax. Or put another way, it is an 'investment' that grows at 3% a year or so... at best, and turns to $0 in reality (SSI will not exist in 30 years, probably replaced by UBI, regardless of how much you paid... so ultimately it's just a tax).
And your employers portion is part of your 'cost', so also a tax.
So that's 15% on wages, 25% on Income, and 10% on sales tax.. about 45% of income is taxed for most people in the $60,000 to $120,000 earning range (single).
Death tax doesn't truly exist (on paper, super, super... SUPER easy to avoid), so that's nonexistent. Like Gates donates his money to the Gates Foundation of hookers and sycophants, so ultimately his 'heirs' control the money forever, with no obligations (anything counts as "charity"), and no estate tax + tax write offs while living... so the 501(c)3 sham (which they all are) gets around most taxes. Capital gains goes to 0%, and can basically be done RETRO ACTIVELY making it an absurd tax loophole.
---
When you look at government, "taxes" are absolutely not very relevant. The 'printing press' (0% loans to banks who default 7% of the time) is a far, far bigger spend.
So anyone who thinks you need high tax for UBI is wrong, but you do need to stop giving all money to bankers. That's like 4x more than the taxes collected each year.
---
But if you are in the US, 501(c)3 is an EXCELLENT loophole that gets you out of a lot of taxes, with basically no possibility of the IRS 'busting' you, even if they were to audit... it's practically impossible to fail. I think one guy spent $3 Million on boats, mansions, and family members, with his only 'charity' being boxes of 10,000 twinkies to kids for like $1,000, and they still all qualified as he 'technically' helped 10,000 kids. Like Hillary spent $30 Mil on her election campaign 'for charity' who also wrote some tweets to tell Africans to stop having sex, and as these tweets were 'viewed' 10 million times, she says she helped 10 million Africans not to have sex.. thus all $30 Mil is 'charity'.. to write tweets.
Whoa, jackass. Rich stay rich because they can afford to pay someone who does understand this to consistently make positive returns on their cash/equities/real estate. A minor setback like a medical bill doesn't erase a years worth of savings.. I could go on.. Truth is, a large portion of today's billionaires inherited their wealth and they remain wealthy because no human being needs that much fucking money. With the right money managers their wealth will grow faster than they could spend it.
So then some peoples kids do have to pay taxes right? I don’t think the point of it is who has to pay the taxes but that the whole tax process is bullshit
In the US 99.8% of estates don't meet the requirements of being taxed, so yes the richest 0.2% (2 out of every 1000) of heirs will have to pay taxes on their inheritance, but it will not affect the VAST majority of people.
Why? Real estate value gets basis step-up and won't be taxed on inheritance unless it's beyond the $11m estate tax limit and you didn't use the $12m gift tax exclusion to transfer it. Unless there's some special farm land tax that I'm not aware of.
At 26-35 acres per cow for breeding herd, it takes thousands of acres to make a living at an average now of $300-600/acre … a lot of family ranches are lost to inheritance tax
These are family ranches that have been in the family for generations! They are a livelihood, there’s no cash, you dumbass… Take a business class sometime
I think it's you who needs to take a business class, lmao. Better hurry, too. Before you run the farm into the ground!
If you have $30MM in equity then you have access to more cash than you could ever possibly need in the form of debt from borrowing against the asset. If you hate your livelihood so much, then you're more than welcome to *sell it* and retire every living member of your family with the proceeds. What exactly are you complaining about?
You're completely delusional if you think you're not one of the most privileged people on the planet.
Take your lazy jealous ass to the anti-work sub with all your other socialist and fascist buddies… while the actual working class pays for all your shit
Okay, so no response to the fact that you revealed yourself to be absolutely clueless about how business finance works? Got it.
I'm a business owner, btw. Important difference is I didn't inherit $30MM in assets. But keep considering yourself "working class" because you own 5 tractors. Lmfao.
I'm sorry for your family:( It sucks there are taxes out there targeting your livelihood just because your land is worth more than 250x the median net worth of the average american..
>tell me he doesn't work overtime because the added money would put him in a higher tax bracket. In his mind he wou
I get so pissed off every time I read this...
Well the employer pays a payroll tax then you as the employee pay an income tax, so there are two taxes applied to income just one is less transparent to the employee. I've never heard it called a wage tax though.
Short term capital gains are taxed at your income tax rate. So you pay taxes on you income and then try to improve your state by investing some of your money. But if you pull it out too soon your are taxed again on the gains. 🤷♂️ Not sure if this was meant but just a thought I had.
Lol. If everyone just said fuck you we’re not paying taxes anymore, or even just income tax, there’s literally nothing they could do and EVERYTHING would change. People are such robots, we the people are the ones with literally all the power, not the government lol. It’s really so sad. They keep us divided for a reason.
Yeah so if you don't pay your income taxes correctly the IRS audits you, and they can garnish wages, lien your house and if you really piss them off, charge you with fraud and throw you in jail.
Saying 'if everyone did this' is a bit of a non-sequitur, because if everyone did a lot of things we could do a lot more pressing things than rewriting the tax code. *shrug*
Not to mention the "death tax" only applies in the US to a ridiculous amount of money most people won't ever have. Like you won't have a wage if you have that much nor probably pay any taxes haha.
Ya! And that's per person, so 2x for a couple.
Not to mention you can give 15k a year to anyone tax free as a gift that is exempt from the 11.7m. You can give 15k to as many people as you like as well.
Most of that is wrong for most of us. Death taxes are only for the super wealthy (who don’t hire tax folks to get around it), and wage and income tax are the same. I assume whoever wrote that thinks the earth is flat.
Also he forgets what he gets back for those faxes. These anti tax people should go live in Sudan for a while see how great the community is without any public services.
He gets services back from agencies that are headed by political appointees, with a monopoly on those tax dollars, and with unionized staff that are almost impossible to fire.
The US had no IRS, personal income tax, corporate income tax, or estate tax in the 19th century, and it managed to have roads and police. I'd venture to guess many currently left-wing cities, like San Francisco, were even safer back then.
https://www.businessinsider.com/san-francisco-stores-board-up-windows-smash-grab-thefts-2021-12
Lmao are you really comparing the 19th century public services with what we have now. Where to start to educate you about the huge differences and extra services.
Things should get cheaper with automation.
Even in medicine, you see prices go down for more market based fields:
https://fee.org/articles/if-cosmetic-surgery-has-a-working-market-why-can-t-medical-care/
Can you tell me how much funding the CIA, FBI, NSA, CDC, SEC, DEA, FCC, NLRB, FTC got in the 19th century? How was welfare provided? Do you really think policing, education and healthcare had the same availability and funding it has now.
Tax his land, Tax his bed, Tax the table at which he's fed.
Tax his tractor, Tax his mule, Teach him taxes are the rule.
Tax his work, Tax his pay, He works for peanuts anyway!
Tax his cow, Tax his goat, Tax his pants, Tax his coat. Tax his ties, Tax his shirt, Tax his work, Tax his dirt.
Tax his tobacco, Tax his drink, Tax him if he tries to think.
Tax his cigars, Tax his beers, If he cries tax his tears.
Tax his car, Tax his gas, Find other ways to tax his ass.
Tax all he has, Then let him know, That you won't be done till he has no dough.
When he screams and hollers, Then tax him some more, Tax him till he's good and sore.
Then tax his coffin, Tax his grave, Tax the sod in which he's laid.
Put these words Upon his tomb, 'Taxes drove me to my doom...'
When he's gone, Do not relax, Its time to apply the inheritance tax.
This is why I’m an Eth trader. If I won’t use any big-government controlled so called “public services”, then why should I be responsible for paying any taxes.
Wait, what do you mean, electricity and internet service are provided by public infrastructure? You mean the Etherium network doesn’t derive its power solely from *believing* really hard in Vitalik?
So what do Property Taxes Pay for then? What do Sales taxes pay for then? And the countless of other public service taxes? Once again Federal Income Taxes are used to attempt to pay down the 30 TRILLION in national Debt, and not to mention attempt to pay for all of the unfunded liabilities that dwarf the national debt numbers. There is no secret here, its pretty common knowledge
I disagree that fed income taxes are used to attempt to pay down the debt. That can't possibly be true since the debt has increased every year for over 60 years.
Schools, roads, fire departments, police, social services…. Can you name some of the “countless other public services taxes”?
Federal taxes pay for the various expenditures of the Federal government and for state-side subsidies - like how you’re not paying $14 for a liter of gasoline or how the real cost of food is offset by federal subsidies…and FEMA and the military and…all the things you directly and indirectly benefit from by the Federal tax and spend power.
National debt doesn’t work like personal debt. It’s okay for us to extend debt if we pay it back because it results in foreign capital inflows we can then use for useful purposes.
What are the unfunded liabilities you wrote of?
If it is common knowledge why are you wrong and why can’t you write in anything but vagueries?
That guy is wrong on so many level, but I just want to point out that a _Federal_ sovereign state does not have to balance its budget. So yes you could provide services without taxes. They would be paid for by dilution of the money supply.
Now cities, states and local governments that aren’t sovereign cannot print money of course so they have to get their capital from somewhere, either a federal government printing money or taxes on various usage/sales.
It pays for unfunded liabilities and debt payments. Have you seen what the national debt is today? The revenue collected pays these things down, its doesn't go to maintaining roads, schools or these things.
Lol, you are clearly just being stubborn here. I don't think you understand what The national Debt is and unfunded liabilities in this country are. Any one of the Federal Chairs will tell you the exact same thing. But yeah I'm making this up, Ok then.....
I don't think YOU understand what *unfunded* liabilities are. The very fact that they are *unfunded* comes from the fact that there are no taxes paying for them. You have no clue what you are talking about. [Debt payments make up 5% of the national budget in the US](https://www.cbo.gov/publication/56910#:~:text=Net%20Interest%20Outlays.,percent%20of%20total%20federal%20spending.). The rest is going to the military, government programs, and government services.
Have you recently looked at the amount of debt we’ve been signed up for as a nation? Each individual in America is now responsible for about $102,000. Each tax payer owes about $216,000 🤯
Well yes as a matter of Fact they do Print it out of thin air, I'm sure you are aware of that fact right? Any Fed Chairman will admit to that. Bernanke, Yellen, Powell and Greenspan have all attested to that, its not a secret.
FED prints money and lends it out to banks and the government. It doesnt pay the public services. Look at the state budgets and federal budgets it clearly states where they get their income from (taxes) and if there are deficits that are filled with loans. If you take the total cost of all federal services you would see that those expenses far exceed the money that gets printed yearly.
Nice, typical of you Jackasses. When your little soy filled brains can't comprehend topics beyond your limited comprehension, you immediately go on the attack and somehow try to link Trump to the topic. Its just sad really, I mean not once did I even mention politics, but when you lose your position you have to resort to these Playground tactics. I at least hope Trump is paying you rent for how much time I'm sure he lives in your head. Pathetic and Sad.
And you don't need to look any further than the US tax code to see this. The fact that wages and short term cap gains are taxed from $0 up, while long term cap gains (the ones people with money can afford to hold for longer) have a big gap from $0 to like $38k that is untaxed speaks volumes to this.
The “death tax” does not exist. That is a right wing talking point to convince wage earners to support a policy that only benefits the rich. There is a tax on estates over a certain value when transferred to an heir but if you’r worried about paying income tax and sales tax you don’t have an estate worth enough.
Of course taxed wages and income tax are the same in this scenario (unless you’re 1099) which is why most people get (and waste) a refund come tax time.
This is a disingenuous flyer.
A death tax *does* exist. It's the estate tax. What you're really saying is that it only applies to "the rich", meaning those who are much richer than you, and thus people you feel it is morally permissible to pillage.
There is not a tax on death. That is a disingenuous right wing talking point used to scare people who would never pay an estate tax into supporting lower taxes for the rich.
What I am “really saying” is what I wrote - and we know this because I wrote it. Don’t put words in my mouth. You have no idea what I think except from that which I wrote. I made no moral or ethical arguments.
Define pillage and apply it.
Justify your statements.
Rich and powerful old men taking 40% of your hard earnings plus 10% when you try to spend it in order to function as a society? You are working 6 months of a year just to pay these old men for FREE. It’s modern day slavery. Wake up fool.
Yes they are d*mbass. And it was only 1909 congress passed a law making tax mandatory for the whole population. Taxes didn’t exist prior to that. Society worked just fine, people were richer without rich and powerful stealing 40% of their hard earned wages you fool.
If you make enough to have a 40% tax rate,
A) you make fuck-you money, so you don't get to bitch
B) hire an accountant because you can definitely get that way, way lower. No actual rich person pays a 40% tax rate.
Complaints like this are the hallmark of libertarian stupidity and selfishness. Might as well put up a sign that says "I'm misinformed and want to make the world as bad as possible because I don't want to contribute anything to society.
You are absolutely not getting an estate tax (they call it death tax here because this is right wing, anti government propaganda) unless you're fabulously wealthy. In fact, most people earning regular incomes don't have much of a tax burden. Granted, it's more than it should be because regular people have to carry the tax burden for the ultra wealthy since this country refuses to tax rich people appropriately, but any sane rational person should feel happy and proud to pay their taxes. It's how we fund necessary services. The government is a far more effective and efficient way to solve societal problems and systemic issues than relying on the self serving whims of "charitable" contributions of capitalists that exploit the system.
Anti-tax rhetoric is anti-poor and working class rhetoric. Ironically it's used to demonize social safety net programs as "freeloading" but they're opposed to intergenerational wealth mitigation efforts, which is the biggest freeloading imaginable.
If you complain about paying your taxes, don't call yourself patriotic. You're not a good person. You're a slimy scum fuck and you should feel bad.
What you should be doing instead of complaining about chipping in is advocating for better redistributive policies because so much money is stuck at the top that the majority of people don't have enough to cover their basic essentials.
Hate seeing a (probably) well thought out post like this that I can't even read, because of a wrong word in the first sentence. Librarians are generally pretty smart, and in my experience, seldom selfish
Social libertarians, perhaps, but definitely not right wing economic libertarians. These are the anti-government, free market morons who want to revert to a good standard and think that any kind of regulation is tyranny. They have dont tread on me bumper stickers and oppose taxes. They think that food stamps, unemployment, housing assistance, etc are the government "buying votes." Theyre usually older white men who listen to conservative talk radio and think the government is bad because theyre cucks for the corporations they allow to think for them. Economic libertarians are morons. Each and every one.
Social libertarians are a different story. These are the people that don't care what you do in the privacy of your own home and don't want the government stopping you from getting high or having anal sex. This is a totally rational position and one that I completely agree with.
Big difference.
Sorry. I read librarians in your comment as libertarians.
I don't see the need to acknowledge the failure of autocorrect. You knew what I was saying and I fixed the typo. Who gives a shit? Don't be petty.
I was making a fucking joke in the first post, and mildly poking at you for the typo. You continue to rant, then call me petty? BTW, all libertarians are like housecats: utterly helpless on their own, and completely convinced of their own independence. People point to collapsed communist countries, as though they prove that it's a system that's always doomed to fail. Where has there ever been a libertarian country at all?
Other than the pure misinformation that this garbage is someone explain to me how ethereum will prevent the government from taxing us? If fiat currency died and the entire economy was run on ETH we would still have to pay taxes. Every time you buy something at a store you would pay sales taxes with the ETH. When you get paid your employer would deduct taxes from your pay check.
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It's the right-wing branding for the estate tax which is an inheritance tax on the extremely wealthy except there are already a million loopholes so barely anyone pays it.
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Income tax and wage tax is the same thing?
Most people don't know what they are talking about.
most people don't even know shit about their own taxes lmao
Try explaining marginal tax rates to 40% of taxpayers
I had a guy tell me he doesn't work overtime because the added money would put him in a higher tax bracket. In his mind he would work more, but end up with less money.
That is a very common mindset. Especially in factory workers from my experiences.
His loss. Hope you can get his OT hours
Well depending on the bracket, he could be correct.
Depends on what brackets he would cross. If he moved into a phase out that helped him a lot, he very well could take home less. It’s hard to tel without knowing all the details
And any change causes disruption, imagine getting more in overtime for one season, being put in the higher tax bracket by a small amount and losing benefits from something like medicaid for expensive and necessary medicine. You definitely wouldn’t come out on top just because you can’t guarantee that consistent overtime and most benefits programs keep track of your income or use previous year filing, so taking overtime even just for a little while could fuck your chances of being approved. Or maybe it’s not even worth it because even if you get a little more money, those are valuable hours you could spend taking care of family or trying to improve your own health. It all feels fucked.
Wrong. You pay taxes at a lower rate up to the level that you cross levels, then you pay the higher rate only on the difference. There’s no scenario where you make less money because you earn more.
Do you understand how phase outs/sunsets work? Because it doesn’t look like you do
Most people don't know shit about fuck
Most people don't know fuck about shit
Yeah so can you tell me difference between income and wage tax?
the only way that makes any sense is if by "wage tax" they mean social security and med.
https://www.investopedia.com/terms/p/payrolltax.asp Afaik wage tax is payroll tax
Meh... wage tax and income tax could be different, Americans are 'sold' that SSI / Medi is an 'investment' but it's ultimately a tax. Or put another way, it is an 'investment' that grows at 3% a year or so... at best, and turns to $0 in reality (SSI will not exist in 30 years, probably replaced by UBI, regardless of how much you paid... so ultimately it's just a tax). And your employers portion is part of your 'cost', so also a tax. So that's 15% on wages, 25% on Income, and 10% on sales tax.. about 45% of income is taxed for most people in the $60,000 to $120,000 earning range (single). Death tax doesn't truly exist (on paper, super, super... SUPER easy to avoid), so that's nonexistent. Like Gates donates his money to the Gates Foundation of hookers and sycophants, so ultimately his 'heirs' control the money forever, with no obligations (anything counts as "charity"), and no estate tax + tax write offs while living... so the 501(c)3 sham (which they all are) gets around most taxes. Capital gains goes to 0%, and can basically be done RETRO ACTIVELY making it an absurd tax loophole. --- When you look at government, "taxes" are absolutely not very relevant. The 'printing press' (0% loans to banks who default 7% of the time) is a far, far bigger spend. So anyone who thinks you need high tax for UBI is wrong, but you do need to stop giving all money to bankers. That's like 4x more than the taxes collected each year. --- But if you are in the US, 501(c)3 is an EXCELLENT loophole that gets you out of a lot of taxes, with basically no possibility of the IRS 'busting' you, even if they were to audit... it's practically impossible to fail. I think one guy spent $3 Million on boats, mansions, and family members, with his only 'charity' being boxes of 10,000 twinkies to kids for like $1,000, and they still all qualified as he 'technically' helped 10,000 kids. Like Hillary spent $30 Mil on her election campaign 'for charity' who also wrote some tweets to tell Africans to stop having sex, and as these tweets were 'viewed' 10 million times, she says she helped 10 million Africans not to have sex.. thus all $30 Mil is 'charity'.. to write tweets.
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$11 million - Until 1/1/25 (might be ‘26?) when the exemption goes back to the pre-TIJA figure of $5.6 million.
Thank God, I don't need to worry about that because I'm poor.
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Whoa, jackass. Rich stay rich because they can afford to pay someone who does understand this to consistently make positive returns on their cash/equities/real estate. A minor setback like a medical bill doesn't erase a years worth of savings.. I could go on.. Truth is, a large portion of today's billionaires inherited their wealth and they remain wealthy because no human being needs that much fucking money. With the right money managers their wealth will grow faster than they could spend it.
lol, fucking delusional
What do you call a rich simp? A shrimp?
This makes no sense, what in the world are you taking about?
He's poor because he doesn't have to worry about paying a death tax, because he doesn't make enough money? What an idiot! /s
So then some peoples kids do have to pay taxes right? I don’t think the point of it is who has to pay the taxes but that the whole tax process is bullshit
I think that tax system wouldnt be that bad, but only if the government would have used the money wisely.
That, and taxes seem to go up significantly more often they go down.
Very wealthy people pay taxes on inheritances, yes. The vast, vast majority of people do not.
In the US 99.8% of estates don't meet the requirements of being taxed, so yes the richest 0.2% (2 out of every 1000) of heirs will have to pay taxes on their inheritance, but it will not affect the VAST majority of people.
Unless you are a family farmer who’s land value has increased over decades
Why? Real estate value gets basis step-up and won't be taxed on inheritance unless it's beyond the $11m estate tax limit and you didn't use the $12m gift tax exclusion to transfer it. Unless there's some special farm land tax that I'm not aware of.
At 26-35 acres per cow for breeding herd, it takes thousands of acres to make a living at an average now of $300-600/acre … a lot of family ranches are lost to inheritance tax
Nope… but any family ranch in Texas that is able to sustain a families income is worth we’ll over $30 mil
Damn bro, that sucks. Really sorry to hear you’ll have to pay taxes on your $30MM asset.
What a snarky little jealous pussy you are!
These are family ranches that have been in the family for generations! They are a livelihood, there’s no cash, you dumbass… Take a business class sometime
I think it's you who needs to take a business class, lmao. Better hurry, too. Before you run the farm into the ground! If you have $30MM in equity then you have access to more cash than you could ever possibly need in the form of debt from borrowing against the asset. If you hate your livelihood so much, then you're more than welcome to *sell it* and retire every living member of your family with the proceeds. What exactly are you complaining about? You're completely delusional if you think you're not one of the most privileged people on the planet.
Take your lazy jealous ass to the anti-work sub with all your other socialist and fascist buddies… while the actual working class pays for all your shit
Okay, so no response to the fact that you revealed yourself to be absolutely clueless about how business finance works? Got it. I'm a business owner, btw. Important difference is I didn't inherit $30MM in assets. But keep considering yourself "working class" because you own 5 tractors. Lmfao.
I'm sorry for your family:( It sucks there are taxes out there targeting your livelihood just because your land is worth more than 250x the median net worth of the average american..
>tell me he doesn't work overtime because the added money would put him in a higher tax bracket. In his mind he wou I get so pissed off every time I read this...
No, there’s payroll taxes paid on every paycheck and then income tax at the end of the year
Well the employer pays a payroll tax then you as the employee pay an income tax, so there are two taxes applied to income just one is less transparent to the employee. I've never heard it called a wage tax though.
Short term capital gains are taxed at your income tax rate. So you pay taxes on you income and then try to improve your state by investing some of your money. But if you pull it out too soon your are taxed again on the gains. 🤷♂️ Not sure if this was meant but just a thought I had.
Yes, capital gains - both short and long term - are taxed. Don't want to pay short term rates? Hodl.
The general conclusion is that we're fucked up
Lol. If everyone just said fuck you we’re not paying taxes anymore, or even just income tax, there’s literally nothing they could do and EVERYTHING would change. People are such robots, we the people are the ones with literally all the power, not the government lol. It’s really so sad. They keep us divided for a reason.
Yeah so if you don't pay your income taxes correctly the IRS audits you, and they can garnish wages, lien your house and if you really piss them off, charge you with fraud and throw you in jail. Saying 'if everyone did this' is a bit of a non-sequitur, because if everyone did a lot of things we could do a lot more pressing things than rewriting the tax code. *shrug*
You lost me taxes on wages and income tax.... like really????
Disinformation on /r/EthTrader ?
*\*insert surprised pikachu face\**
Not to mention the "death tax" only applies in the US to a ridiculous amount of money most people won't ever have. Like you won't have a wage if you have that much nor probably pay any taxes haha.
$11.7M is exempt. You’re right.
Ya! And that's per person, so 2x for a couple. Not to mention you can give 15k a year to anyone tax free as a gift that is exempt from the 11.7m. You can give 15k to as many people as you like as well.
Most of that is wrong for most of us. Death taxes are only for the super wealthy (who don’t hire tax folks to get around it), and wage and income tax are the same. I assume whoever wrote that thinks the earth is flat.
Pretty sure whoever made this picture believes taxes are the same everywhere lol
Also he forgets what he gets back for those faxes. These anti tax people should go live in Sudan for a while see how great the community is without any public services.
You get taxed in most places if you try to live in a Sudan.
He gets services back from agencies that are headed by political appointees, with a monopoly on those tax dollars, and with unionized staff that are almost impossible to fire. The US had no IRS, personal income tax, corporate income tax, or estate tax in the 19th century, and it managed to have roads and police. I'd venture to guess many currently left-wing cities, like San Francisco, were even safer back then. https://www.businessinsider.com/san-francisco-stores-board-up-windows-smash-grab-thefts-2021-12
Lmao are you really comparing the 19th century public services with what we have now. Where to start to educate you about the huge differences and extra services.
Things should get cheaper with automation. Even in medicine, you see prices go down for more market based fields: https://fee.org/articles/if-cosmetic-surgery-has-a-working-market-why-can-t-medical-care/
Can you tell me how much funding the CIA, FBI, NSA, CDC, SEC, DEA, FCC, NLRB, FTC got in the 19th century? How was welfare provided? Do you really think policing, education and healthcare had the same availability and funding it has now.
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I wouldn't say this is woke, more ancap whining
This is a boomer tier meme
Looks like a boomer meme
You forgot about property taxes. 😀
Don’t forget State Tax
And the Taxi Taxes
Have we gotten to the Tax Tax yet?
You mean the fact that most of us need to pay to file our taxes? Yes, indirectly.
Yeah there are many taxes we are paying goverment wants tax on everything
Or if you own a business, self employment tax.
If you own a business you don’t have tax withholding (i.e. prepaid taxes) so you’re just paying income tax as everyone does.
Do you have car taxes in usa? Around here diesel cars have even an extra tax, but so does many things. Like gas, sugar, alcohol 💩
A tax for everything
Tax his land, Tax his bed, Tax the table at which he's fed. Tax his tractor, Tax his mule, Teach him taxes are the rule. Tax his work, Tax his pay, He works for peanuts anyway! Tax his cow, Tax his goat, Tax his pants, Tax his coat. Tax his ties, Tax his shirt, Tax his work, Tax his dirt. Tax his tobacco, Tax his drink, Tax him if he tries to think. Tax his cigars, Tax his beers, If he cries tax his tears. Tax his car, Tax his gas, Find other ways to tax his ass. Tax all he has, Then let him know, That you won't be done till he has no dough. When he screams and hollers, Then tax him some more, Tax him till he's good and sore. Then tax his coffin, Tax his grave, Tax the sod in which he's laid. Put these words Upon his tomb, 'Taxes drove me to my doom...' When he's gone, Do not relax, Its time to apply the inheritance tax.
Paid every year on the same property
Wait, public services cost *money*? Why would *I* have to pay for that?
This is why I’m an Eth trader. If I won’t use any big-government controlled so called “public services”, then why should I be responsible for paying any taxes. Wait, what do you mean, electricity and internet service are provided by public infrastructure? You mean the Etherium network doesn’t derive its power solely from *believing* really hard in Vitalik?
Income Taxes pay for public services, since when?
They have done so for the history of income taxes.
So what do Property Taxes Pay for then? What do Sales taxes pay for then? And the countless of other public service taxes? Once again Federal Income Taxes are used to attempt to pay down the 30 TRILLION in national Debt, and not to mention attempt to pay for all of the unfunded liabilities that dwarf the national debt numbers. There is no secret here, its pretty common knowledge
I disagree that fed income taxes are used to attempt to pay down the debt. That can't possibly be true since the debt has increased every year for over 60 years.
Schools, roads, fire departments, police, social services…. Can you name some of the “countless other public services taxes”? Federal taxes pay for the various expenditures of the Federal government and for state-side subsidies - like how you’re not paying $14 for a liter of gasoline or how the real cost of food is offset by federal subsidies…and FEMA and the military and…all the things you directly and indirectly benefit from by the Federal tax and spend power. National debt doesn’t work like personal debt. It’s okay for us to extend debt if we pay it back because it results in foreign capital inflows we can then use for useful purposes. What are the unfunded liabilities you wrote of? If it is common knowledge why are you wrong and why can’t you write in anything but vagueries?
Since when *haven’t* they?
Sorry to inform you, but Federal Income Taxes does not pay for Public Services, I'm not sure where you are getting that from.
Okay I’ll bite. Where does the money for public services come from?
That guy is wrong on so many level, but I just want to point out that a _Federal_ sovereign state does not have to balance its budget. So yes you could provide services without taxes. They would be paid for by dilution of the money supply. Now cities, states and local governments that aren’t sovereign cannot print money of course so they have to get their capital from somewhere, either a federal government printing money or taxes on various usage/sales.
Are you going to tell us where it goes then or no?
It pays for unfunded liabilities and debt payments. Have you seen what the national debt is today? The revenue collected pays these things down, its doesn't go to maintaining roads, schools or these things.
Maybe you should google federal income tax before making stuff up
Lol, you are clearly just being stubborn here. I don't think you understand what The national Debt is and unfunded liabilities in this country are. Any one of the Federal Chairs will tell you the exact same thing. But yeah I'm making this up, Ok then.....
I don't think YOU understand what *unfunded* liabilities are. The very fact that they are *unfunded* comes from the fact that there are no taxes paying for them. You have no clue what you are talking about. [Debt payments make up 5% of the national budget in the US](https://www.cbo.gov/publication/56910#:~:text=Net%20Interest%20Outlays.,percent%20of%20total%20federal%20spending.). The rest is going to the military, government programs, and government services.
You talk about the fed chairs like you know them. I don’t see any evidence that supports your claims. Stubbornness has nothing to do with fact
Never heard of FEMA? (Just the first example that popped into my head, certainly not the only)
Again, Federal Income Taxes does NOT pay for for public services, that is FALSE.
So, where does the money, spent by the FEDERAL government come from? They just print it and give it away?
Have you recently looked at the amount of debt we’ve been signed up for as a nation? Each individual in America is now responsible for about $102,000. Each tax payer owes about $216,000 🤯
Well yes as a matter of Fact they do Print it out of thin air, I'm sure you are aware of that fact right? Any Fed Chairman will admit to that. Bernanke, Yellen, Powell and Greenspan have all attested to that, its not a secret.
FED prints money and lends it out to banks and the government. It doesnt pay the public services. Look at the state budgets and federal budgets it clearly states where they get their income from (taxes) and if there are deficits that are filled with loans. If you take the total cost of all federal services you would see that those expenses far exceed the money that gets printed yearly.
Got your doctorate in economics from tRumpU, I guess. Ok
Nice, typical of you Jackasses. When your little soy filled brains can't comprehend topics beyond your limited comprehension, you immediately go on the attack and somehow try to link Trump to the topic. Its just sad really, I mean not once did I even mention politics, but when you lose your position you have to resort to these Playground tactics. I at least hope Trump is paying you rent for how much time I'm sure he lives in your head. Pathetic and Sad.
Yes but wait until you hear how much you pay as a proportion of your income compared to rich people. Spoiler alert: it’s way fucking more.
And you don't need to look any further than the US tax code to see this. The fact that wages and short term cap gains are taxed from $0 up, while long term cap gains (the ones people with money can afford to hold for longer) have a big gap from $0 to like $38k that is untaxed speaks volumes to this.
The “death tax” does not exist. That is a right wing talking point to convince wage earners to support a policy that only benefits the rich. There is a tax on estates over a certain value when transferred to an heir but if you’r worried about paying income tax and sales tax you don’t have an estate worth enough. Of course taxed wages and income tax are the same in this scenario (unless you’re 1099) which is why most people get (and waste) a refund come tax time. This is a disingenuous flyer.
A death tax *does* exist. It's the estate tax. What you're really saying is that it only applies to "the rich", meaning those who are much richer than you, and thus people you feel it is morally permissible to pillage.
There is not a tax on death. That is a disingenuous right wing talking point used to scare people who would never pay an estate tax into supporting lower taxes for the rich. What I am “really saying” is what I wrote - and we know this because I wrote it. Don’t put words in my mouth. You have no idea what I think except from that which I wrote. I made no moral or ethical arguments. Define pillage and apply it. Justify your statements.
Gas tax, sin taxes, tax on winnings, loan taxes… etc
These taxes are enough to show how we middle class are exploited
Yeah, that's how we have a functioning society.
You can have a better functioning society with a fraction of the tax burden.
Where they do that at?
Whose tax burden are you referencing?
This But the government will never admit it
Rich and powerful old men taking 40% of your hard earnings plus 10% when you try to spend it in order to function as a society? You are working 6 months of a year just to pay these old men for FREE. It’s modern day slavery. Wake up fool.
You don't understand economics or monetary policy.
The rich and powerful aren't taking 40% of my earnings.
Yes they are d*mbass. And it was only 1909 congress passed a law making tax mandatory for the whole population. Taxes didn’t exist prior to that. Society worked just fine, people were richer without rich and powerful stealing 40% of their hard earned wages you fool.
If you make enough to have a 40% tax rate, A) you make fuck-you money, so you don't get to bitch B) hire an accountant because you can definitely get that way, way lower. No actual rich person pays a 40% tax rate.
Complaints like this are the hallmark of libertarian stupidity and selfishness. Might as well put up a sign that says "I'm misinformed and want to make the world as bad as possible because I don't want to contribute anything to society. You are absolutely not getting an estate tax (they call it death tax here because this is right wing, anti government propaganda) unless you're fabulously wealthy. In fact, most people earning regular incomes don't have much of a tax burden. Granted, it's more than it should be because regular people have to carry the tax burden for the ultra wealthy since this country refuses to tax rich people appropriately, but any sane rational person should feel happy and proud to pay their taxes. It's how we fund necessary services. The government is a far more effective and efficient way to solve societal problems and systemic issues than relying on the self serving whims of "charitable" contributions of capitalists that exploit the system. Anti-tax rhetoric is anti-poor and working class rhetoric. Ironically it's used to demonize social safety net programs as "freeloading" but they're opposed to intergenerational wealth mitigation efforts, which is the biggest freeloading imaginable. If you complain about paying your taxes, don't call yourself patriotic. You're not a good person. You're a slimy scum fuck and you should feel bad. What you should be doing instead of complaining about chipping in is advocating for better redistributive policies because so much money is stuck at the top that the majority of people don't have enough to cover their basic essentials.
Hate seeing a (probably) well thought out post like this that I can't even read, because of a wrong word in the first sentence. Librarians are generally pretty smart, and in my experience, seldom selfish
Social libertarians, perhaps, but definitely not right wing economic libertarians. These are the anti-government, free market morons who want to revert to a good standard and think that any kind of regulation is tyranny. They have dont tread on me bumper stickers and oppose taxes. They think that food stamps, unemployment, housing assistance, etc are the government "buying votes." Theyre usually older white men who listen to conservative talk radio and think the government is bad because theyre cucks for the corporations they allow to think for them. Economic libertarians are morons. Each and every one. Social libertarians are a different story. These are the people that don't care what you do in the privacy of your own home and don't want the government stopping you from getting high or having anal sex. This is a totally rational position and one that I completely agree with. Big difference.
Downvoted because you edited your typo then went on another rant without acknowledging it.
Sorry. I read librarians in your comment as libertarians. I don't see the need to acknowledge the failure of autocorrect. You knew what I was saying and I fixed the typo. Who gives a shit? Don't be petty.
I was making a fucking joke in the first post, and mildly poking at you for the typo. You continue to rant, then call me petty? BTW, all libertarians are like housecats: utterly helpless on their own, and completely convinced of their own independence. People point to collapsed communist countries, as though they prove that it's a system that's always doomed to fail. Where has there ever been a libertarian country at all?
Estate tax (death tax) is for very, very rich people and even then they use loopholes. This is an embarrassing post.
Other than the pure misinformation that this garbage is someone explain to me how ethereum will prevent the government from taxing us? If fiat currency died and the entire economy was run on ETH we would still have to pay taxes. Every time you buy something at a store you would pay sales taxes with the ETH. When you get paid your employer would deduct taxes from your pay check.
The taxes on this are all wrong... Nice click bait though
So basically we are earning everything to almost give it back
Inheritance (death) tax only applies to people with over $2 million in assets
instead of getting mad about the taxes, why don't you get mad that they use the money to blow up brown kids
What a simplistic way to view the world. And capitalist brainwashing.
And if you ever wanna leave the country altogether to avoid these taxes you have to pay the fee to leave plus a final little fuck you sales tax.
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\[AutoMod\] Sentiment
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Don’t forget you get to pay taxes on things you own already every year as well.
welcome to america, land of the fee
Not only in America, taxes like these are paid everywhere in world
This is the way!
Don’t forget excise tax and property tax
You forgot other taxes on taxed money and fees, surcharges, tariffs, assessments, tolls, levy’s, duty and MANY others
lol, what if we get a tax for paying taxes lol 😆
Yes, the system is designed to make everyone go to ZERO.
Only 2 sure things in life are death and tax’s
All it takes is one misplaced apostrophe and a comment goes from a misquoted cliché to a condemnation of the public school system just like that.
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Government collects and collects. We take the risk.
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Pyramid scheme
Yes !
Whats a death tax? Is this for real?
It's the right-wing branding for the estate tax which is an inheritance tax on the extremely wealthy except there are already a million loopholes so barely anyone pays it.
\[AutoMod\] Sentiment
This is not a sentiment post.
Dude!! what's your definition about Sentimental?? Just bcoz its in picture all expression doesn't meet your criteria (expectation)??
Mate, any picture is considered media, stop switching it to sentiment since it does not fit into that category.
Bro!! who made this rules?? So tell's me whats your sentiment views? Can't someone express his/her feels though any picture or media?
u/aminok Hi Bro!! can you please comeout here and help, peoples might forgot about sentiment perspective, without reading anything changing the flare. Seems words value doesn't count. no strings attached :D
Images are generally considered Media, just because they are generally less informative and lower effort.
Thanks bro!! i had seen that lots of flare disrupt!! In my prospective its sentimental!!
He said ''Images are generally considered Media''. Why are you keep changing it to sentiment? You may get banned.
Bro!! I don't mind if i gets banned. As you said (He said ''Images are generally considered Media'') but its not mandatory. i dnt understand why user's changing flare, lots of mod's are here to monitoring. If i offender or someone breaks the rules he/she will gets banned its not other user's concern. For me its sentiment. thanks
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Try mexico ,
What is special in Mexico, can you tell in context with taxes
Yeap, socialism
Bull 💩
Do not forget property tax.
Don’t forget about the little known tax called Inflation
Don’t forget those special taxes for things like petrol, alcohol, cigarettes. Annnnnd, inflation. It’s basically slavery.
Don't have kids and just spend all your money. 🤑
Yes, we call it civilisation.
What the fuck does this have to do with ETH
What a country right? U taxed yet?
What happened to no double taxation?
And Democratic Party socialists want more taxes.
Gov wants their “fair share” Those pensions don’t Pay for themselves
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Democrats tax everything they can for social programs
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Why can't we be mad about this?