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Are savings from a tax law change "income the tax payer did not earn">

Are savings from a tax law change "income the tax payer did not earn"?

  • Yes, if the government takes less-it is unearned income for you

    Votes: 0 0.0%

  • Total voters
    20

TurtleDude

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Some posters have claimed that the Bush tax rates (now the Obama tax rates) which resulted in taxpayers receiving "Unearned income". In other words if you made 500K and your pre-Bush tax law Federal income tax was 150K and after the new tax rates were passed your tax became 135K does that 15K savings constitute 15K UNEARNED INCOME to you?
 
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does that 15K savings constitute 15K UNEARNED INCOME to you?

Of course it doesn't. That's just plain moonbattery.

Though I wonder what the same posters think of things like the EITC which actually allow a "refund" which is literally greater than the amount of tax you paid.
 
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Of course it doesn't. That's just plain moonbattery.

Though I wonder what the same posters think of things like the EITC which actually allow a "refund" which is literally greater than the amount of tax you paid.

well one poster who claims to be an expert on economics claimed it was unearned income for the tax payer and another backed him up on that. I see neither has taken part in the poll
 
Some posters have claimed that the Bush tax rates (now the Obama tax rates) which resulted in taxpayers receiving "Unearned income". In other words if you made 500K and your pre-Bush tax law Federal income tax was 150K and after the new tax rates were passed your tax became 135K does that 15K savings constitute 15K UNEARNED INCOME to you?

In my limited understanding of federal tax law, I'd have to say that 135K is just that individuals taxable liability and that the 15K extra income in his pocket. Now, the additional earnings he might receive should he invest that 15K is another story.
 
In my limited understanding of federal tax law, I'd have to say that 135K is just that individuals taxable liability and that the 15K extra income in his pocket. Now, the additional earnings he might receive should he invest that 15K is another story.

I don't follow

year one-the law says you pay 150K on your income of 500K

year two-the same law now says you pay 135K on your income of 500K

how can anyone claim that because you have to pay 15K less taxes you have been GIVEN 15K in unearned income
 
Some posters have claimed that the Bush tax rates (now the Obama tax rates) which resulted in taxpayers receiving "Unearned income". In other words if you made 500K and your pre-Bush tax law Federal income tax was 150K and after the new tax rates were passed your tax became 135K does that 15K savings constitute 15K UNEARNED INCOME to you?


Such a model presupposes that the government owns you and all of your labor, and only allows you to keep portions of it as an incentive to continue to be productive. That notion is (and I don't use this terminology much) fundamentally un-American. Anyone arguing it might feel more at home in the Ottoman Empire, where all subjects were indeed considered the property of the Sultan.
 
Such a model presupposes that the government owns you and all of your labor, and only allows you to keep portions of it as an incentive to continue to be productive. That notion is (and I don't use this terminology much) fundamentally un-American. Anyone arguing it might feel more at home in the Ottoman Empire, where all subjects were indeed considered the property of the Sultan.

I agree with your point and the poster who made that claim does believe the government owns all wealth

he also claimed that he was upset when Bush cut his taxes (whether he sent the government the differene I suspect not)
 
I wonder if those individuals would argue that the recent drop in gasoline prices represents BP giving me money?
 
I wonder if those individuals would argue that the recent drop in gasoline prices represents BP giving me money?

or if a robber left half way through his crime because you obtained a weapon or the police sirens were heard, the criminal gave you all the stuff he couldn't take with him
 
I agree with your point and the poster who made that claim does believe the government owns all wealth

ah. Well then the Divine Right of Kings is a better governing system for him, perhaps; and he may want to look to leave this horrid land where the people are sovereign and government derives it's powers from them.
 
or if a robber left half way through his crime because you obtained a weapon or the police sirens were heard, the criminal gave you all the stuff he couldn't take with him

By not illegally utilizing collections means and methodologies to track down those posters and kill them, I have actually saved their lives, which means that they now owe me their lives. In return, I demand only that they agree not to vote.

You see... it's not coercion... because I saved their lives.
 
ah. Well then the Divine Right of Kings is a better governing system for him, perhaps; and he may want to look to leave this horrid land where the people are sovereign and government derives it's powers from them.


He thinks the government is better able to use that money than he does.

He might well be right as far as it concerns him
 
Geeze, get a room already!
 
Some posters have claimed that the Bush tax rates (now the Obama tax rates) which resulted in taxpayers receiving "Unearned income". In other words if you made 500K and your pre-Bush tax law Federal income tax was 150K and after the new tax rates were passed your tax became 135K does that 15K savings constitute 15K UNEARNED INCOME to you?

Care to show some examples of what is being said? Not that I don't trust you to acurately explain...scratch that, I don't trust you to accurately explain some one else's opinions.
 
Care to show some examples of what is being said? Not that I don't trust you to acurately explain...scratch that, I don't trust you to accurately explain some one else's opinions.


LOL-and i thought you mods could find anything

give me a few minutes
 
Here you go-its his comment about tax cuts to the rich

The usual fact-free rant and babble. When you do nothing differently yet $15 grand starts dropping into your lap every April for no apparent reason, you didn't EARN it.
 
Here you go-its his comment about tax cuts to the rich

And here is the post he was replying to:

OMG PRICELESS-the rich did nothing to EARN those tax cuts.

that sums up your thinking perfectly

Well I know why its a waste of time now to discuss taxes with you

we have to EARN Tax cuts because its not really OUR Money


thanks for the best laugh of the night

In context, he is not saying what you claim. Color me shocked....
 
Ya whoever said it was unearned income is flat out wrong, you earn every bit of income you make its just that the law requires you to give up a portion of it as taxes. A tax break isn't the government giving you more money its them taking less of your money. Its a simple but as others have pointed out fundamental part of the philosophy behind this and many other countries.
 
And here is the post he was replying to:



In context, he is not saying what you claim. Color me shocked....

Uh wrong as usual

he claimed that a tax cut results in unearned income to the tax payer

the taxpayer earned the money in the first place
 
Uh wrong as usual

he claimed that a tax cut results in unearned income to the tax payer

the taxpayer earned the money in the first place

He responded to you saying the tax cut was earned(not the money, the cut), by saying it was not earned. I guess the question is are you intentionally lying to try and score points, or is the problem with reading comprehension?
 
Ya whoever said it was unearned income is flat out wrong, you earn every bit of income you make its just that the law requires you to give up a portion of it as taxes. A tax break isn't the government giving you more money its them taking less of your money. Its a simple but as others have pointed out fundamental part of the philosophy behind this and many other countries.

From an economic standpoint, these are merely two sides of the same coin. There really isn't a substantive difference objectively.
 
He responded to you saying the tax cut was earned(not the money, the cut), by saying it was not earned. I guess the question is are you intentionally lying to try and score points, or is the problem with reading comprehension?

stop the stupidity

he was saying that when the government changes the tax laws and takes less from a "rich person" that is unearned.

that is idiotic
 
He responded to you saying the tax cut was earned(not the money, the cut), by saying it was not earned. I guess the question is are you intentionally lying to try and score points, or is the problem with reading comprehension?

Tax cuts need be "earned"? How? I hope you're not gonna tell me that the way to earn a tax cut is to make less money.


From an economic standpoint, these are merely two sides of the same coin. There really isn't a substantive difference objectively.

The objective difference is a basic understanding of economics, government and/or junior high social studies.
 
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From an economic standpoint, these are merely two sides of the same coin. There really isn't a substantive difference objectively.

actually the difference is important

it is the difference between who really owns the wealth
 
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