Just yesterday a small-businessman was telling me about his years-long experience when the IRS decided he was a money-launderer. It sounded like a nightmare scripted by Franz Kafka. Taxation can be tyranny even WITH representation.
Jeff is more than Moderately Confused today, he’s had the wool pulled over his eyes. Rich people DO pay taxes, POOR people don’t. The fact that rich people still have money left over after paying taxes galls many who want ALL of their money.
The expansion of wealthfare in recent years has been disgusting.
On a related topic: Yesterday Representative Alexandria Ocasio-Cortez acted like a good prosecutor while questioning Michael Cohen, establishing the factual basis for further committee investigation.
Cohen had brought along actual EVIDENCE as well as testifying, of course, but AOC first brought attention to one of the taxpayer built facilities from which Trump reaps profit, then pointed out just a few additional considerations including possible insurance fraud and tax fraud, and asked the needed questions on which documents would be needed and which knowledgeable witnesses should be called to further pursue those possible crimes.
There were, of course, questions of others which legal analysts say do not prove collusion but do indicate possible co-conspiracy by Trump to attempt collusion with Russia.
There is one metric no one talks about, and that is the fact that despite shouldering a larger portion of the tax burden, the top 1%, and even more so, the top .05% are still accumulating wealth at a rate far faster than even the merely affluent, and despite their lower tax burden (and even no burden for the lowest), the working class falls further and further behind. Everything I’ve seen and read indicates that this is because, 1) the wealthy overwhelmingly benefit from investment income that receives preferential tax treatment (can you say “capital gains”, “dividend interest” or “tax-free municipal bonds”?) and, 2) over the last 40 years, executive pay has soared and worker’s pay has been essentially stagnant. Can anybody give me a good reason why executives are worth more now than in the past and why the people who carry out their directives are worth less?
sandpiper about 5 years ago
Every parent’s dream. Comes right after the one about leaving home, getting a job, and becoming independent.
pschearer Premium Member about 5 years ago
Just yesterday a small-businessman was telling me about his years-long experience when the IRS decided he was a money-launderer. It sounded like a nightmare scripted by Franz Kafka. Taxation can be tyranny even WITH representation.
gorbag about 5 years ago
A common canard. https://taxfoundation.org/federal-income-tax-burden/
NeedaChuckle Premium Member about 5 years ago
Its unfair they pay no taxes, we should start giving them money!! Oh Wait! We do! Many companies benefit from govt largess.
DanFlak about 5 years ago
“Smart people don’t pay taxes.”
Zen-of-Zinfandel about 5 years ago
Quoting Leona Helmsley.
Gameguy49 Premium Member about 5 years ago
Jeff is more than Moderately Confused today, he’s had the wool pulled over his eyes. Rich people DO pay taxes, POOR people don’t. The fact that rich people still have money left over after paying taxes galls many who want ALL of their money.
SukieCrandall Premium Member about 5 years ago
The expansion of wealthfare in recent years has been disgusting.
On a related topic: Yesterday Representative Alexandria Ocasio-Cortez acted like a good prosecutor while questioning Michael Cohen, establishing the factual basis for further committee investigation.
Cohen had brought along actual EVIDENCE as well as testifying, of course, but AOC first brought attention to one of the taxpayer built facilities from which Trump reaps profit, then pointed out just a few additional considerations including possible insurance fraud and tax fraud, and asked the needed questions on which documents would be needed and which knowledgeable witnesses should be called to further pursue those possible crimes.
There were, of course, questions of others which legal analysts say do not prove collusion but do indicate possible co-conspiracy by Trump to attempt collusion with Russia.
streetbeater about 5 years ago
There is one metric no one talks about, and that is the fact that despite shouldering a larger portion of the tax burden, the top 1%, and even more so, the top .05% are still accumulating wealth at a rate far faster than even the merely affluent, and despite their lower tax burden (and even no burden for the lowest), the working class falls further and further behind. Everything I’ve seen and read indicates that this is because, 1) the wealthy overwhelmingly benefit from investment income that receives preferential tax treatment (can you say “capital gains”, “dividend interest” or “tax-free municipal bonds”?) and, 2) over the last 40 years, executive pay has soared and worker’s pay has been essentially stagnant. Can anybody give me a good reason why executives are worth more now than in the past and why the people who carry out their directives are worth less?
gileshead about 5 years ago
totally Trump!