Who's really paying tax in this country???

[simply dave]

Side note: per the usual, Stewart explains things brilliantly.

World of Class Warfare - The Poor's Free Ride Is Over - The Daily Show with Jon Stewart - 08/18/11 - Video Clip | Comedy Central

Awesome. I love Jon Stewart. "Those food chillin' mutherfukkers!" LOL! And wow, some of the comments by Hannity, O'Reilly, Coulter...absolutely disgusting. To think I used to listen to them...ugh.

 

[kx250rider]

Gimme a break.

Ask any competent business owner what they would prefer: a 5% tax break or 5% more customers. 99 out of 100 will opt for the latter.

We need to start focusing on supporting the real job creators - the middle class.

The bottom line is that they're punishing those who are willing to stick our necks out to make a business successful, and the tax law deck is stacked so badly against the small business owner, that it's easier to just go get a job someplace. Herewith is a vicious circle... No small business = no jobs to "just go get". I'm sure there are many businesses who would say they'd like 5% more customers better than a 5% tax break, and I might be one of them. But I'm stating that a 100% tax break on every penny that is reinvested in the business, is what will rocket the economy back to what it was in the 1950s at it's best. Not a deduction of 30% against a new 40% tax, or any of the other hare-brained schemes they keep trying to fool the voters with.

Bending the topic, I still say that a flat ta across the whole country is the best idea. 10%, 18%; whatever... And make that only due on what a small business owner gets for him/herself after paying the bills on the business. That's fair, because those who work smart and work hard, will make big $$$, and those who have other priorities, will go get decent jobs and be happy too. Then if they want to, they can change course and go for the big time whenever they want to.

Until anyone has actually owned a business and felt how much work and responsibility is involved, they don't understand why we'd be so angry at being punished for success with high taxes and prejudiced laws. Obama has never felt it, and at least he's honest enough to admits that.

Charles

 

[Mr. dB]

you're kidding, right?? everyone is screaming tax-the-rich...turn's out the top 20% are paying 68% of the tax, while the bottom 20% are paying 0.3% of the tax.

What's the problem with that, when you consider the percentage of the total income they're pulling?

 

[wootoom]

A high tax bracket employee in Holland pays 52% tax a year

 

[digimon7068]

What's the problem with that, when you consider the percentage of the total income they're pulling?

i don't have a problem with it...i'm just pointing out the fact that the statistics seem to contradict the rhetoric...ya know, the whole "the rich aren't paying their fair share" rhetoric? looks to me like the ones that can afford it are picking up the biggest part of the tab. should the tab be bigger?? our deficit would suggest so...but, that wasn't the point of my thread.

 

[youpissmeoff]

A high tax bracket employee in Holland pays 52% tax a year

And there are more Dutch living outside the Netherlands than in it.

 

[digimon7068]

I'm confused. 67.9% + 9.4% + 0.3% adds up to 77.6%, right? I suck at math but still ...

Okay, we are talking about 100% of the taxes being paid, correct? (as opposed to owed) Those numbers should come out to be 100% or am I missing something???

uhhh, the statistics only addressed 3 of the 5 deciles...i guess that they figured the other 2 were kinda self-explanatory (i.e., they were in between)

 

[digimon7068]

I'll tell you EXACTLY who it is; SMALL BUSINESSES!!!!!!!!! That's why the system is broken, and Obama hasn't a clue. It's all public record, and I have an honest accountant, so I'll lay it out right here & now: Our 2010 return reflected $2 mil gross income, and we paid $443K in federal taxes, and $20K CA taxes (we're TX residents but have one small business entity in CA in order to be legal). Now, according to Obama, that makes us RICH (?????). But the truth and fact is, that by the time we paid all of the expenses for the business, we took home less than $200K, and put some of that aside for business growth.

AND, still the Dems might say we're sitting nice & fat, but I debate that. Some years we might have an actual loss, and will have drawn out of savings to pay the bills. Sure in those years we haven't had to pay taxes, but taxing the SH*T out of our small business on good years, leaves no money to hire more people, or to put away to pay the bills when we retire, etc etc. If they want to unfairly tax people they consider "rich", then let's stop taxing small businesses, and tax the people on ONLY the money they actually get to keep after they pay the entire expenses of their businesses. Yes, they let us deduct, but it's pennies on the dollar. A joke. Spend $100K on new avocado trees and irrigation, and maybe get to write off $7K of it. But still pay income tax on the other $93K which was put back into the business; resulting in more avocados to need picking by paid workers. Jeez; makes me angry to even write this!

Charles

the new health care bill is going to KILL small business...balee dat! small business owners now have a gun to their head...you either pick up 50% of every employee's health insurance, or you pay a non-deductible penalty. oh and, the kicker?? the biggest employers (walmart, mcdonalds, et al)?? they were allowed to "opt-out" of the new bill...who says democrats are for the common man??? hahahaha *sigh*

 

[simply dave]

..oh and, the kicker?? the biggest employers (walmart, mcdonalds, et al)?? they were allowed to "opt-out" of the new bill...who says democrats are for the common man??? hahahaha *sigh*

Agreed. Kinda convenient, don't you think?

 

[digimon7068]

Agreed. Kinda convenient, don't you think?

the sad thing is that walmart, mcdonalds, et al, can afford the expense...they'll just pass it directly on to you and me...the regular guy has a very limited ability to pass on any of those costs...he'll wind up eating most of it himself...if he survives at all.

i'm not a lawyer but, it has to be a violation of some kind of (constitutional) commerce clause when the government mandates a cost that is entirely to the detriment of small businesses only...it is going to create a government-mandated anti-competitive situation. public law 86-272 prohibits (for example) pennsylvania from taxing ohio businesses (that do business in pa) different from pa businesses because, to do so would be a restriction of interstate commerce and a detriment to the free market. so, how can the federal government enact legislation that clearly favors one group of businesses over another, and is to the detriment of the free market??

maybe obama really IS a socialist??