Quote:
Originally Posted by JMintzer
Have you ever done payroll for a company? I do. Every two weeks.
The "working poor" should not have ANY Federal Tax withholding. If they do, it's only because they want the "forced savings program" of the government taking their money for a year, paying them ZERO interest and then giving it back in April... Not a very sound financial policy...
I advise my employees to minimize their withholding, so they have access to ALL of their money. So far (and it's only been 35 years, so I may not be completely sure...  ), no one has complained...
No one complains if anyone gets a refund based on taxes paid. It's those who pay ZERO into the system and then get $1000s of dollars back who cause the raised eyebrows... Right now, that is almost 50% of the population...
And it was the US Tax laws that caused so much production to be moved overseas...
When "someone" started decreasing corporate taxes, overseas production started to return and the US treasury took in MORE money... go figure... |
Paragraph 4.......The only way a worker could pay ZERO to the Federal Government is to be making the old minimum wages in some states and be married and have about 5 children. I would guess that 80% of all workers are paying something INTO the Federal Government which is getting the benefit of the "time value of money". I would NOT allow that many exemptions if I were making the laws so there would NOT be "50% of the people paying ZERO and getting $1,000s back". I imagine that the Federal Government does that because it is more efficient in preventing starving people on the streets than by paying OUT more in food stamps and housing allowances. Since the US middle class has been "outsourced" to China and created and built up their middle class, now WE HAVE no real MIDDLE CLASS ........so we have to pay for OUR non-working middle class. And the uber-rich laugh all the way to the bank !
And it is my 1st and 2nd paragraph (that were ignored) that were the more IMPORTANT paragraphs. Where I gave the History from 1950-on about how US greed partnered up with China to decimate the US middle class. And I stated the FACT that subsequent generations kept being LESS well-off than their prior generations. That, I believe, was my "EVERYBODY KNOWS" statement that another poster had some (?) problem with.
It is interesting that I just read this morning an article saying that some US companies are moving their manufacturing operations BACK from China to Mexico to punish China and get cheaper shipping. They MUST have read my recent posts. I guess that after Mexico becomes less attractive to them (murders of executives and etc.) they will move back to the US South. And then to get cheaper electrical energy or smarter workers, they will move back to NorthEastern US.........which is where they started in the 1950s. Humorous isn't it????? Like the circles that you find in the windmills of your mind.