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Old 05-08-2021, 09:27 AM
 
23,972 posts, read 15,078,314 times
Reputation: 12950

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Quote:
Originally Posted by tijlover View Post
Tax consultants should have the highest taxes levied against them, as they save the rich from paying taxes.
They also tell any client city council, school board yada yada that they can afford the pensions they are doling out. Years later when those trustees and consultants are gone, pension funding is bankrupting many of those former clients. SOme years the markets don't yield that promised 8% for perpetuity.

 
Old 05-08-2021, 09:30 AM
 
Location: NMB, SC
43,081 posts, read 18,259,632 times
Reputation: 34961
Quote:
Originally Posted by tijlover View Post
Tax consultants should have the highest taxes levied against them, as they save the rich from paying taxes.
Why ? What they are doing is all legal and above board and part of the tax code.

Why aren't you going after Congress to change the tax code ?
 
Old 05-08-2021, 09:33 AM
 
Location: North Carolina
6,115 posts, read 4,607,373 times
Reputation: 10578
Meh, I don't notice a big difference either way regardless of who is in the White House.

As far as state taxes, I noticed that when the Republicans were in both the Governor's office and the Legislature in North Carolina, while income taxes went down slightly (a fraction of 1 percent), various fees, such as motor vehicle registrations and new sales taxes on various services that were previously untaxed took effect so while the claim was that "taxes are being lowered", that was negated by higher fees across the board, making it a wash for most people.

The people who always seem to make out well from a tax perspective, no matter who is in office, are married couples with kids.
 
Old 05-08-2021, 09:45 AM
 
Location: the very edge of the continent
89,004 posts, read 44,813,405 times
Reputation: 13701
Quote:
Originally Posted by Lekrii View Post
I think my tax payments are too high because of where they go. Having tax payments fund things like education, health care, food/housing for people in need as opposed to military or subsidies for corporations would make me think different.
Odd observation, as to federal taxes (as specifically noted in the poll). The former (education, health care, food/housing for people in need) are states' issues, per the US Constitution. Funding the military is a US Constitutional mandate, and there are no subsidies for corporations. The US treasury doesn't cut a check payable to corporations unless it's a tax refund, meaning they've already paid too much in taxes.
 
Old 05-08-2021, 09:57 AM
 
23,972 posts, read 15,078,314 times
Reputation: 12950
Quote:
Originally Posted by TMSRetired View Post
The article says "Federal taxes". Did you miss that part ?
Not clicking on anything Fox since Rupert fell in with that Saudi prince. I know the prince dumped his shares. Since 9/11 anybody doing business with anybody from SA is feeding that alligator.
 
Old 05-08-2021, 11:02 AM
 
Location: The South
7,480 posts, read 6,259,110 times
Reputation: 13002
Quote:
Originally Posted by InformedConsent View Post
Um... yeah... That would be the half of all US 1040 filers who actually have to pay any federal income tax, at all.

EVERY US 10040 filer should be paying federal income tax, NOT just half of them.
Totally agree, everybody should pay.
 
Old 05-08-2021, 11:22 AM
 
5,985 posts, read 2,917,270 times
Reputation: 9026
Quote:
Originally Posted by InformedConsent View Post
Odd observation, as to federal taxes (as specifically noted in the poll). The former (education, health care, food/housing for people in need) are states' issues, per the US Constitution. Funding the military is a US Constitutional mandate, and there are no subsidies for corporations. The US treasury doesn't cut a check payable to corporations unless it's a tax refund, meaning they've already paid too much in taxes.
You're not entirely correct. There is nowhere in the constitution that says the federal government cannot assist with education, health care, food/housing, etc., and that is a much, MUCH better use of our tax money than things like military and subsidies for corporations. Corporations are people. the federal government adjusting legislation to allow corporations to not pay a fair share of taxes is a problem. The federal government bailing out failing companies with taxpayer money is a problem, as well. (I have worked in the investment management industry for a long time, I have seen firsthand the pressure put on government by private enterprise). The federal government spends north of $70 billion/year on programs that are intended to benefit private businesses. That money would be better spent on programs that benefit citizens. Those citizens can then support businesses.

No US Citizen should struggle for food, water, housing, education (that's a fundamental goal of a civilized society, in my opinion), and that's absolutely something a federal government should help with.

I was a hardcore libertarian when I was younger. I completely understand your view, and I understand how strongly we might disagree, so this may be a time where we just agree to disagree.
 
Old 05-08-2021, 11:25 AM
 
2,510 posts, read 1,297,310 times
Reputation: 1672
Why can't the government help people who can't pay high rent, for example?

Abolish property taxes for apartment buildings, and your rent may fall down from $2,000 to $1,700. That's significant savings.
 
Old 05-08-2021, 02:04 PM
 
Location: USA
18,491 posts, read 9,159,286 times
Reputation: 8524
Wow. People don’t like to pay taxes. Shocking news, call CNN!
 
Old 05-08-2021, 02:12 PM
 
Location: Houston
26,979 posts, read 15,886,908 times
Reputation: 11259
Quote:
Originally Posted by Lekrii View Post
You're not entirely correct. There is nowhere in the constitution that says the federal government cannot assist with education, health care, food/housing, etc., and that is a much, MUCH better use of our tax money than things like military and subsidies for corporations. Corporations are people. the federal government adjusting legislation to allow corporations to not pay a fair share of taxes is a problem. The federal government bailing out failing companies with taxpayer money is a problem, as well. (I have worked in the investment management industry for a long time, I have seen firsthand the pressure put on government by private enterprise). The federal government spends north of $70 billion/year on programs that are intended to benefit private businesses. That money would be better spent on programs that benefit citizens. Those citizens can then support businesses.

No US Citizen should struggle for food, water, housing, education (that's a fundamental goal of a civilized society, in my opinion), and that's absolutely something a federal government should help with.

I was a hardcore libertarian when I was younger. I completely understand your view, and I understand how strongly we might disagree, so this may be a time where we just agree to disagree.
The Constitution enumerates the powers of the federal government. It doesn't list every power the government doesn't have.
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