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Poor Nate might have a problem..

Amigo said:
We are zombies, be afraid!
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Well, I agree you guys have the mentality of zombies. And you do move slow. But somehow, in the context of modern politics, that doesn't frighten me. Your ideas do thought, after I stop laughing.
 
Simon W. Moon said:
Inorite?

The money used to pay a wage is taxed when the employer receives it. Then it is taxed again as th employer's income. Then the employee's income is taxed. When the employee goes to the store to buy something, that same money is taxed again. Then the store pays taxes on that same money as their income. The store pays it's employees, who're taxed again. and the cycle repeats.
It's clear that money in the US is subject to infinite taxation. The same money is just taxed and taxed and taxed again. It never stops.
I mean, it's the same money and it just gets taxed and taxed. It's worse than being doubly taxed. Infinitely so.
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That's not accurate. The employer gets the money, then pays the employees and expenses and what's left is taxed. Income is only taxes once, after credits, exemptions, and deductions are factored in.
 
Simon W. Moon said:
Inorite?

The money used to pay a wage is taxed when the employer receives it. Then it is taxed again as th employer's income. Then the employee's income is taxed. When the employee goes to the store to buy something, that same money is taxed again. Then the store pays taxes on that same money as their income. The store pays it's employees, who're taxed again. and the cycle repeats.
It's clear that money in the US is subject to infinite taxation. The same money is just taxed and taxed and taxed again. It never stops.
I mean, it's the same money and it just gets taxed and taxed. It's worse than being doubly taxed. Infinitely so.
Click to expand...

No dude. You don't understand basic accounting principles.

Employers get gross revenue, take deductions, including salaries paid to employees, and that is the net taxable income upon which a tax is imposed (assuming this is schedule C income and not entity income).

Employees get W-2 income (which was a deduction on the employer's tax form), take applicable deductions and get taxed on the net taxable income.

There is no double taxation of the income here.
 
Hairytic said:
That's not accurate. The employer gets the money, then pays the employees and expenses and what's left is taxed. Income is only taxes once, after credits, exemptions, and deductions are factored in.
Click to expand...
head of joaquin said:
No dude. You don't understand basic accounting principles.
Employers get gross revenue, take deductions, including salaries paid to employees, and that is the net taxable income upon which a tax is imposed (assuming this is schedule C income and not entity income).
Employees get W-2 income (which was a deduction on the employer's tax form), take applicable deductions and get taxed on the net taxable income.
There is no double taxation of the income here.
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:smirks:


01
 
Amigo said:
Remind me of a man!
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What man? OOOOOOOOOOOOOOOOOO

the-bachelor-and-the-bobby-soxer-cary-grant-shirley-temple-myrna-loy-1947.jpg


Well done my conservative friend, well done!
 
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