[retiredguy123]

Originally Posted by Rich Iwaszko

85% of the wealth is owned by 15% of the population..........time to tax them more........just get rid of their deductions.....too simple for all the thinkers

I wish someone would tell me what these deductions are. I pay more in taxes than I spend on everything else combined. I can only claim the standard deduction, nothing else.

[Stu from NYC]

Originally Posted by Rich Iwaszko

85% of the wealth is owned by 15% of the population..........time to tax them more........just get rid of their deductions.....too simple for all the thinkers

You do realize that those people invest their monies and supply lots of jobs for the rest of us. They also buy a lot of stuff keeping others employed.

[SHIBUMI]

God Bless You!

[SHIBUMI]

Good for them........they should pay their taxes also........

[PersonOfInterest]

There is no 'fair share'. Its a political battle of who can manipulate tax law to their advantage. Care to tell me why churches pay no Tax? What makes them different from any other business? Non profit organizations are Tax exempt also, but with some restrictions and those drawing salaries pay at normal tax rates. It is NOT a fair system, its a politically motivated system.

[shaw8700@outlook.com]

Originally Posted by PersonOfInterest

There is no 'fair share'. Its a political battle of who can manipulate tax law to their advantage. Care to tell me why churches pay no Tax? What makes them different from any other business? Non profit organizations are Tax exempt also, but with some restrictions and those drawing salaries pay at normal tax rates. It is NOT a fair system, its a politically motivated system.

Churches pay no tax because their profits are supposed to be not for any one’s gain. They give 100% of it away to charity, so they say.

Same goes with non-profits, however, if you want, you could apply for a tax number and you could advertise your non-profit, say for saving lizards or something, and collect all the money people want to give you. There is somewhere it’s posted on how much a particular charity gives away versus how much they keep, but I don’t where it is. Welcome to America!

[Bay Kid]

The IRS should go after all the people getting free money that don't qualify. Lots of cheating going on.

[Stu from NYC]

Originally Posted by Bay Kid

The IRS should go after all the people getting free money that don't qualify. Lots of cheating going on.

Very true

[retiredguy123]

Originally Posted by shaw8700@outlook.com

Churches pay no tax because their profits are supposed to be not for any one’s gain. They give 100% of it away to charity, so they say.

Same goes with non-profits, however, if you want, you could apply for a tax number and you could advertise your non-profit, say for saving lizards or something, and collect all the money people want to give you. There is somewhere it’s posted on how much a particular charity gives away versus how much they keep, but I don’t where it is. Welcome to America!

There two well known charity rating websites, Guidestar and Charity Navigator. On those sites, you can access the IRS Form 990 tax forms that charities are required to file every year. Unfortunately, a charity does not need to be efficient. So, it is perfectly legal for a charity to collect millions of dollars, but only spend a few hundred on their stated mission.

[Stu from NYC]

Originally Posted by retiredguy123

There two well known charity rating websites, Guidestar and Charity Navigator. On those sites, you can access the IRS Form 990 tax forms that charities are required to file every year. Unfortunately, a charity does not need to be efficient. So, it is perfectly legal for a charity to collect millions of dollars, but only spend a few hundred on their stated mission.

Very often get a call from a so called charity like one supposedly supporting police. I always what percentage goes to help police or their families.

Normal answer is a lot. So I ask for percentage going for expenses and never can get an answer so I just say bye

[Cybersprings]

Originally Posted by Dlpdo

Why do you people think income tax is the only tax worthy of considering that a person pays. Low income people pay a higher percent of their income in taxes than the rich do. There is nothing special about income taxes. People pay many other types of tax.

Except for the fact that isn't true.

[Cybersprings]

Originally Posted by Rich Iwaszko

85% of the wealth is owned by 15% of the population..........time to tax them more........just get rid of their deductions.....too simple for all the thinkers

jealous much?

[Cybersprings]

Originally Posted by mickey100

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

I am not sure if this idea is drawn from CNN or Marx.
It is like saying that you don't pay taxes on a 401k.
Simply a lie.
Whatever profit a corporation makes goes to someone or something.
It goes to the shareholders, who have to pay taxes on it at some point.
Or it goes to employees, who have to pay taxes on it.
Or it gets reinvested in to the business which most likely increases future profits and probably jobs also.

So saying that corportations make millions/billions without paying any taxes is just the result of lazy logic.

[Cybersprings]

Originally Posted by Rich Iwaszko

You are exactly correct..........The graduated tax is based on ability to pay and it works. The problem is that the rich overtime convinced congress to create tax loopholes for them so that system doesn't work. The fault is in the system. Its simple as I said, once you make 1 million you pay on the gross 33%, all deductions go away. And you won't need 87,000 workers and you could employ 6th graders to check returns. It works, but the rich control the system and the politicians.

My guess is that you think this works because it is not you paying the lion's share. And if the rich truly controlled the system, they wouldn't be paying the overwhelming portion of the tax burden. It is the politicians who control the system. And the politicians benefit by pleasing the greatest number of people, which increases their odds of re-election. And that is why 60% of households pay nothing.

[Boomer]

Originally Posted by PersonOfInterest

There is no 'fair share'. Its a political battle of who can manipulate tax law to their advantage. Care to tell me why churches pay no Tax? What makes them different from any other business? Non profit organizations are Tax exempt also, but with some restrictions and those drawing salaries pay at normal tax rates. It is NOT a fair system, its a politically motivated system.

BINGO!

In my not-so-humble opinion on this one (a hot button for me) — all these churches that are preaching politics from the pulpit should lose their tax-exempt status…..

Many of them are nothing more than political machines, using members as voting tools by keeping them angry and self-righteous and distracted.

Separation of church and state is for a reason. This does not mean we should be a nation of heathens, but c’mon, politics from the pulpit is out of control — and there is no reining it in.

And America pays — in so many, many ways.

Boomer