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Why not have it withheld from your wages?
Only an idiot has it withheld from their wages. That is a very bad investment.
Why not have it withheld from your wages?
As the Democrats now engage in picking between candidates who promise the most free stuff - meaning forcing other people work for them - what do you claim a person can demand other people buy for them?
MULTIPLE CHOICE POLL - check everything that you claim other people can demand you buy for them.
What are you talking about? It's mandatory. Do you have a job?
Take away his children and put them up for adoption by people who work hard for their money.
It is not mandatory. You can claim as many exemptions as you need so they don't take the money out, then invest that money all year earning interest and pay what you need to at the end of the year.
Paying up front for your taxes and then getting a refund, which has no interest paid on, is a bad investment.
It is not mandatory. You can claim as many exemptions as you need so they don't take the money out, then invest that money all year earning interest and pay what you need to at the end of the year.
Paying up front for your taxes and then getting a refund, which has no interest paid on, is a bad investment.
Inherently, the price of personal freedom is the price of personal responsibility. Eliminate personal responsibility turning it over to the government and to the exact same degree it will eliminate each our own personal freedom.
@OP We have the 1st Amendment in the U.S., so obviously an individual has the right to demand everything be free. Whether or not that demand is accommodated or not is another issue.
Speaking of bad investments, people lose tons on what they thought was a good investment. I would surely hate to book a dual-loss, investment+taxes due. It would seem wiser to pay as you go. Considering it would be a piecemeal contribution to some fund or the other, how much interest do you think you will make if you went that route?
What I would like is a rate that is paid during the year(on payroll), and fulfills the tax obligation. I don't know why there has to be a true up every tax season.
Regards,
CP
You forgot all of the above which is how I voted. BTW, none of us really pays for others with our taxes at the federal level. At the state and local level it is true that tax payers must pay for services because there really is no other mechanism to get money. The federal government though has the power to create money. Use it for something good like improving the lives of us all.
do you think that power to create money is unlimited?
isnt that created money "borrowed" from someone? and we are paying interest on it?
do you know what our interest payments in 2019 amount to? and our total revenue?
it is not a unending game to keep borrowing....our debt HAS to be serviced...and that interest payment keeps rising every year
and with rates as low as they have been, it is manageable...what happens when rates arent manageable anymore? and we revert back to prime rates @ 11-12% again
it has happened before....what then?
As the Democrats now engage in picking between candidates who promise the most free stuff - meaning forcing other people work for them - what do you claim a person can demand other people buy for them?
MULTIPLE CHOICE POLL - check everything that you claim other people can demand you buy for them.
The payment of the interest is paid in the same way as everything else, its an entry in a ledger resulting in a keystroke. If we want more money, it is there for us to get. There is nothing set in stone regarding interest payments. We could set it up without paying interest if we wanted to, its just that bankers set it up this way back in the early 1900s so we would always pay interest to get money.
so the debt payments NEVER have to be made...that is your response?
really?
do you understand what happens if the bonds are defaulted upon?
so the debt payments NEVER have to be made...that is your response?
really?
do you understand what happens if the bonds are defaulted upon?
You mean like when Obama had the novel Idea'r to make hisself the Car Czar.
Took over GM.Those GMAC Bond holders had to settle for 2o cents on the dollar.
Ford,conversely,made no such arrangement with Mr. Car Czar.
You mean like when Obama had the novel Idea'r to make hisself the Car Czar.
Took over GM.Those GMAC Bond holders had to settle for 2o cents on the dollar.
Ford,conversely,made no such arrangement with Mr. Car Czar.
I never said don't pay them. I said the money to pay them can be created out of thin air anytime we decide to do it.
your quote "The payment of the interest is paid in the same way as everything else, its an entry in a ledger resulting in a keystroke. If we want more money, it is there for us to get. There is nothing set in stone regarding interest payments. We could set it up without paying interest if we wanted to, its just that bankers set it up this way back in the early 1900s so we would always pay interest to get money."
Exactly....what did you mean by that statement
your quote "The payment of the interest is paid in the same way as everything else, its an entry in a ledger resulting in a keystroke. If we want more money, it is there for us to get. There is nothing set in stone regarding interest payments. We could set it up without paying interest if we wanted to, its just that bankers set it up this way back in the early 1900s so we would always pay interest to get money."
Exactly....what did you mean by that statement