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Thread: Among Developed Nations American Tax Bills are Below Average

  1. #11
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    Re: Among Developed Nations American Tax Bills are Below Average

    Quote Originally Posted by ARealConservative View Post
    false.

    we need to start respecting property for everyone regardless of economic standing. Time for the free loaders to contribute
    Yes! Tell GE, Boeing, Apple, Pfizer, and the rest of the free loaders that the party is over!

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    Re: Among Developed Nations American Tax Bills are Below Average

    Quote Originally Posted by uncleray View Post
    Yes! Tell GE, Boeing, Apple, Pfizer, and the rest of the free loaders that the party is over!
    this thread is about individuals paying taxes. try to keep up.

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    Re: Among Developed Nations American Tax Bills are Below Average

    Quote Originally Posted by blackjack50 View Post
    That's the other reason the debt is so high.

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    Re: Among Developed Nations American Tax Bills are Below Average

    Quote Originally Posted by ARealConservative View Post
    this thread is about individuals paying taxes. try to keep up.
    My mistake. With GE paying an effective negative tax rate, and a large percentage of the S&P 500 paying effectively no taxes; when I saw "free loaders"
    I assumed that corporations, and not just individuals, where one part of the problem.

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    Re: Among Developed Nations American Tax Bills are Below Average

    Quote Originally Posted by uncleray View Post
    My mistake. With GE paying an effective negative tax rate, and a large percentage of the S&P 500 paying effectively no taxes; when I saw "free loaders"
    I assumed that corporations, and not just individuals, where one part of the problem.
    corporations don't vote.

    how do we cut spending when so many people don't suffer the consequences of the spending? what incentive do they have to slow the growth of spending?

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    Re: Among Developed Nations American Tax Bills are Below Average

    Quote Originally Posted by ARealConservative View Post
    currency debasement is a form of taxation.
    Uh.... No. It isn't.

    If I'm a typical American, and my federal tax rate is 22%, it doesn't matter if the value of the yuan is falling. That doesn't alter my tax bill.

    Or: Let's say inflation is high, perhaps 10%, and I wind up owing Uncle Sam an additional $10,000 for tax year 2016. The federal government is (generally speaking) equally affected by the deterioration of purchasing power. In fact, the government gets hit by this, because if my taxes are based on income earned in a calendar year, and I have to pay them in April 15th and can even legally defer payment? Every day that I delay payment, the less the purchasing power of the $10,000 I owe.


    much of our spending is accomplished by increasing the money supply
    Wrong


    which diminishes the buying power of money previously in circulation.
    Also not happening, inflation has been very low for years now


    this is a hidden form of taxation, and especially harmful to people on fixed incomes.
    Mostly wrong

    1) It's only "taxation" if a government entity collects the funds (which, in your scenario, they don't)

    2) Many Americans who are on "fixed incomes" are, in fact, on incomes indexed to inflation. E.g. Social Security and other benefits receive annual inflation adjustments. Investments tend to go up in nominal value when there's an inflation.

    Now, it is true that people with savings accounts are getting railed when interest rates are low. But if that interest rate goes up, so does the cost of credit. Car loans, credit cards, mortgages (particularly anything adjustable), business loans all cost more. Economic activity will slow down as a result.

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    Re: Among Developed Nations American Tax Bills are Below Average

    Quote Originally Posted by ARealConservative View Post
    corporations don't vote.

    how do we cut spending when so many people don't suffer the consequences of the spending? what incentive do they have to slow the growth of spending?
    Corporations don't need to vote. With dark money, politicians can be bought any nobody knows who picked up the check.

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    Re: Among Developed Nations American Tax Bills are Below Average

    Quote Originally Posted by ARealConservative View Post
    we clearly have different views of the role of government.

    I see its functions as to benefit the individual, so I don't have any desire to find an answer to your question.
    What? Was that not a fair question? You were stating that it is a form of tax. And I'm asking why that benefits the government? You can "see" it as supposed to be serving of the people, but it is not. Government is self serving.


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    Re: Among Developed Nations American Tax Bills are Below Average

    Quote Originally Posted by Visbek View Post
    Uh.... No. It isn't.

    If I'm a typical American, and my federal tax rate is 22%, it doesn't matter if the value of the yuan is falling. That doesn't alter my tax bill.
    does increasing your tax rate to 25% effect your purchasing power?

    does the dollar floating against another currency have the chance to effect your purchasing power?

    hint - the answer to both is yes.


    if you use the latter as a form of debasement of debt, it is most definitely acting in a similar capacity to a tax policy.

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    Re: Among Developed Nations American Tax Bills are Below Average

    Quote Originally Posted by ARealConservative View Post
    corporations don't vote.

    how do we cut spending when so many people don't suffer the consequences of the spending? what incentive do they have to slow the growth of spending?
    Individuals pay 80% of Fed revenue . If corporations paid what they used to pay, 50%, instead of their current 9% of Fed revenue, there would not be a "spending problem"

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