Posted on 06/18/2024 5:29:41 AM PDT by Bon of Babble
When you pay taxes, remember that the bottom 20% of income earners do almost no work, do not pay taxes, and receive government aid. The next lowest 20% pay minimal taxes but also receive government support.
(Excerpt) Read more at thegatewaypundit.com ...
The income tax was originally imposed with the idea that only the very wealthy would owe it—and of course it migrated more broadly from there.
The issue is that the Feds do 4 to 5 times what they are supposed to do—and that costs 4 to 5 times more than it should.
In 2001, Rumsfeld went on national TV and talked about how $2.3T in defense spending is unaccounted for. I see stories like this and I think, “You know, if I’m angry at the poor or lazy, I won’t be thinking about the real money being stolen in real time.”
$2.3T is a lot of money in 2001. It’s probably double that in 2024 dollars? Plus, how much more is gone?
No taxes on tips is unfortunate coming from Trump, however, as it would be a huge tax break for big employers of tip-compensated employees, such as those working at many Trump properties.
Squeeze out a few welfare babies who will never know who dad is,
Apply for SSI for the kids over and over and over and over and over and over until they get approved for having ADHD or behavior problems,
Max out on food stamps,
Move into free section 8 housing with energy assistance,
file bogus self-employment on your taxes to get a sweet EITC check every year,
In your ample free time, squeeze out more welfare babies
It’s a living
Partially true, and partially not.
You only get the earned income tax credit if have SOME income, therefor those who get the earned income tax credit did do SOME work. And you can get the earned income tax credit without having dependents, and in that not also getting any child tax credit.
The other category both the tax rules and the idea behind this article miss is that there are all sorts of people, millions possibly, illegal aliens among them, who get cash unreported income. They work and are paid by someone, in cash, either by the job, or daily, weekly or monthly even, with no record of it sent to the IRS. They are part of the economy but their data is not in any official tax numbers. The IRS has used a number of methods to estimate the unreported income. It’s huge, about $500 billion. One question is, how draconian would Federal laws and regulations become to catch all cash income, and no natter the financial result would we like the legal result. The quandary almost makes you want to go for a national sales tax, an idea I have personally never liked.
...and/or compliant victims of the ‘true pandemic’.
(i.e., ‘stupid’)
I’m paying off a tax bill, my penalty for working hard and trying to earn more.
This system is broken. FedGov spends with careless indifference, pallets of cash sent overseas for nothing that serves Americans. It is insulting.
Whatever the alternative solution is to fund our government (national sales tax or whatever) the FIRST thing that MUST happen is cutting spending HARSHLY.
“Democrats are happy with the arrangement b/c those who pay no taxes is their solid voting base.”
***************
Voting is all that’s required of them to tap into endless government largesse. Permanent access to the treasury as it were.
Don’t forget the opioid pills that Medicaid pays for that you can sell and get high from.
“what a f***ing ripoff!!!
...
corrupt as all HELL!”
[Crack!]
Put that yoke back on! Eyes straight ahead. No talking.
There’s $40T of debt payment to make. You think that’s going to get done with Free Speech and art exhibits?
About 18% of the population is retired and collecting Social Security, and this will rise to 23% in the next 2 years. Quite a few of them have low incomes.
I totally agree
National sales tax is a horrible idea.
You would need a Constitutional amendment to make it work because you would have to repeal the income tax amendment or you can bet that you would end up with the sales tax and the income tax.
I also believe that it is immoral to force employers to collect taxes as a consequence of doing business.
There is a claim that while low-income households may not contribute significantly to federal income taxes, they do contribute to other forms of taxation such as payroll taxes, sales taxes, and property taxes on their homes. However, these arguments are easily refuted.
The Social Security contributions of the low-income group are minimal because they earn less money and work less frequently. Middle-income and high-income groups pay more into Social Security, with the maximum contribution occurring at an income of $168,000.
Where in the Constitution does it say that Caucasian Americans are responsible for supporting freeloading foreigners looking for a free ride they refer to as “a better life.”
The rest of us pay those things out of our pay checks.
There's a big difference between a welfare check and a pay check.
Perhaps you've noticed?
Two words: Birth Control. We could solve this problem within a generation if we give higher benefits in exchange for sterilization. Time to cull the herd - it’s not just the case that our native born underclass doesn’t want to work it’s also that when they are hired they do a crap job.
There is a HUGE, untaxed cash economy in California - construction workers, illegal or not, are paid in cash - this keeps them eligible for government benefits - and also gets them out of paying child support - a local lawyer told me they now send agents out to the work sites to collect child support payments straight from the foreman, that is the only way they could get it.
I also live around a lot of Eastern Europeans and they always ask for cash - for tires, for catering (got a 20% discount plus free desserts for paying cash), for haircuts - I had an expensive fence put around my property, the owner of the company asked for payment in cash, which I did, saved me the state sales tax, which is over 10% around here.
California also has the highest percentage of welfare recipients of any state - as productive citizens and businesses flee the state - this is not sustainable.
They rent so no property tax on residence and most have expired vehicle tags so not paying it on their cars either.
p
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