[SHIBUMI]

The Devil is in the details....once the details on how come to light, yes they will be found out

[manaboutown]

Originally Posted by Rich Iwaszko

Wealthy is a gross of 1 million per year..........if you cant live on 500,000 or more a year after taxes, there is something wrong with you.
If you make more than god bless you........you have the ability to donate more to the general good that you are stealing from....

I guess you are not making a million a year. If you are to what and whom are you donating "the excess"?

[SHIBUMI]

You don't have to donate, just pay your 33% to the people

[MrChipster]

Originally Posted by Battlebasset

If we would just work to simplify the tax code this would become more difficult, and we would need less IRS (which costs money) to track it down.

I would also be in favor of a national sales tax if it would result in lower income tax rates and simplification. But it wouldn't, and we need look no further than Europe for how that would work.

What part of adding a new tax results in lowering taxes?

[manaboutown]

Originally Posted by Rich Iwaszko

You don't have to donate, just pay your 33% to the people

Actually it is already 37% + 3.8% Obamacare tax at that level. Duh!

So the parasites want to live on the efforts of the productive? What else is new?

[dougawhite]

Originally Posted by mickey100

Like all the big corporations that make a fortune in profits and pay no tax?

No business pays taxes. Their customers pay whatever taxes the business passes through from state or federal authorities. Increase how much a business is 'taxed' just increases how much more their customers have to pay for the product or service. Don't fool yourself that business taxes is ever a solution to increasing government revenues without impacting you and me.

[PersonOfInterest]

Since I'm retired I'm not making any money so there's no need to pay Taxes. I thought retirement was termed the 'Golden Years' because there's no need to pay taxes. If you die owing Tax that exceeds your estate your tax debt will then be forgiven.

[ffresh]

Originally Posted by Stu from NYC

The tax system has been out of control for many years.

Mainly because the federal government has been "out of control" for many years

Fred

[CoachKandSportsguy]

Originally Posted by manaboutown

Actually it is already 37% + 3.8% Obamacare tax at that level. Duh!
So the parasites want to live on the efforts of the productive? What else is new?

However, if the productive find ways to eliminate labor, both by offshoring or by automation, where will the customer growth come from? How do the customers make a living to buy the products offered?

The end game of capitalizm is monopoly with minimal costs and maximum margin. . if the offering is a product, it is all materials and minimal labor. If the offering is a service, it is minimally qualified and minimally paid labor . .

As technology productivity improved with automation, and more jobs are lost, how does the economy sustain itself? This dilemma has no acceptable answer as the individual corporation has its mandate to its shareholders, and the theoretical answer is that there are always jobs available. . but the answer doesn't always work when there are job skillset mismatched due to the recently unemployed not having the skillset of the open jobs of other skillsets. .

This scenario will just slowly worsen until there is a major event which reset the entire economy from excess to deficits everywhere. . or the corporations are taxed to support UBI to create customers for the products the corporations with minimal domestic employees want to sell. .

FYI, this view is very long term, slowly progressing view of the US economy as technology continues being advanced.

[sloanst]

Yeah, they gotta pay for those 87,000 agents they hired. Once they get done with the wealthy, they'll come after the rich, then they will scam the middle class because they can't afford lawyers. Those that get checks from the treasury will probably get an increase.

[Caymus]

Originally Posted by CoachKandSportsguy

However, if the productive find ways to eliminate labor, both by offshoring or by automation, where will the customer growth come from? How do the customers make a living to buy the products offered?

The end game of capitalizm is monopoly with minimal costs and maximum margin. . if the offering is a product, it is all materials and minimal labor. If the offering is a service, it is minimally qualified and minimally paid labor . .

As technology productivity improved with automation, and more jobs are lost, how does the economy sustain itself? This dilemma has no acceptable answer as the individual corporation has its mandate to its shareholders, and the theoretical answer is that there are always jobs available. . but the answer doesn't always work when there are job skillset mismatched due to the recently unemployed not having the skillset of the open jobs of other skillsets. .

This scenario will just slowly worsen until there is a major event which reset the entire economy from excess to deficits everywhere. . or the corporations are taxed to support UBI to create customers for the products the corporations with minimal domestic employees want to sell. .

FYI, this view is very long term, slowly progressing view of the US economy as technology continues being advanced.

Certain people have been predicting the same thing for at least 100 years. Maybe automation from farming should be banned. That would "create" a lot of jobs.

[M2inOR]

Interesting...

61% of households pay no Federal income taxes.

We always hear about the rich not paying their fair share. No one ever defines "fair share".

I'll offer this definition. Since a majority of the households don't pay any federal income taxes, I guess that majority rules, and fair share is $0.00.

The devil is in the details.

Less than 40% of households pay federal income taxes. Businesses also pay, but again, not all of them.

For the people complaining about businesses and the rich not paying their fair share, how do they defend the fact that a majority of households don't pair anything?

[Marmaduke]

Originally Posted by CoachKandSportsguy

IRS says it collected $38 million from more than 175 high-income tax delinquents | AP News

not sure we normal retired people have anything to worry about. .

Did the IRS collect from Al Sharpton who convoluted his non-profit "businesses" with his for profit businesses.

Unpaid Taxes, asserting more than $4.5 million in current state and federal tax "liens" had been taken out against the civil rights activist.
What say the IRS's slow wheels of collection from tax evaders like Al and 1st son?

[CoachKandSportsguy]

Originally Posted by Caymus

Certain people have been predicting the same thing for at least 100 years. Maybe automation from farming should be banned. That would "create" a lot of jobs.

it will be no longer about creating jobs. . it will be about creating customers due to lack of high paying jobs. . which is why the number of households aren't paying taxes keeps increasing, and the income tax receipts are falling

[SHIBUMI]

37 to 38% after deductions around 20, 33% is fair to help the parasites they created.........