olylifter420
Well-Known Member
same plans here... i would prefer however to earn my degree before i endeavor into business
If buffet wanted his secretary to pay the same income taxes as he does...
- Thread starter NLXSK1
- Start date
NLXSK1
Well-Known Member
I graduated with a BS in comp sci back in 91...
If you are going into business for yourself it might be a wasted degree although I have no idea what field you intend to be in. My degree never helped me in any professional capacity but has been invaluable for other jobs I have had.
Brick Top
New Member
What he did was create a fallacy that was widely accepted by all the 'have nots' that wish they could be 'haves.'
UncleBuck
Well-Known Member
he's allowed to do it, and he does do it. which is contrary to your claim that they are reinvesting it "job creation" or "private industry" as you claimed.
all the deflection and misdirection in the world doesn't change that.
and i'm part of that half that "doesn't pay taxes", but i do let them keep my money interest free for an entire year, genius. i also pay a bevy of other taxes.
UncleBuck
Well-Known Member
and WE get accused of marxism
i am a "have not". i have no desire to be a "have".
i just have a problem accepting that someone raking in $20 million pays a lower rate than someone making $25k.
you guys can try to accuse us of envy and class warfare all you want, it won't make it any more true.
How can anyone be upset with others using the tax code to their advantage? If it was done legally, more power to the non-tax payers. I paid no tax for many years, by using business mileage deductions and mortgage interest expenses, medical deductions, donations and college tax credits. I was getting a nice income tax check back too.
Now, I'm off the grid and although the wife still pays taxes to legitimize our lifestyle, I continue to make a lot more than her. I refuse to pay taxes to a government that is so dishonest and wasteful. I don't want to pay the healthcare expenses for people that refuse to work. I don't want MY money going to pay for baleouts to banks and car companys that make bad business decisions. I don't want to pay for foreign wars and give other countries my money to squander. I could go on and on- and I'm sure THEY will- but not with my money!
Now, I'm off the grid and although the wife still pays taxes to legitimize our lifestyle, I continue to make a lot more than her. I refuse to pay taxes to a government that is so dishonest and wasteful. I don't want to pay the healthcare expenses for people that refuse to work. I don't want MY money going to pay for baleouts to banks and car companys that make bad business decisions. I don't want to pay for foreign wars and give other countries my money to squander. I could go on and on- and I'm sure THEY will- but not with my money!
dontexist21
Well-Known Member
The argument being made is not that Romney or any other "1%" is making to much money, and that other people are envious that it should be taken away and given to some one else. argument is that Romney benefited from many of the benefits that our government pays for. He drives on the same roads, breaths the same clean air, drinks the same water. Most importantly he was able to invest in this country because the government was able to create the infrastructural that allowed him to invest moderately safely.
How is not fair to ask someone who has benefited from the system to pay to same percentage back as every one else who enjoys the same things. Lest many people forget it is the government which allows roads to be built, schools to be funded, and most importantly the financial infrastructure that allows for investment (where Romney made his money), to be built and sustained.
What many people forget is that the government is not some mystical power the rules the land, it is the government of the people. And for it to work properly everyone must pay fair taxes. Yes I believe if you benefit more from a system, you should at the very least pay the same portion if not more then everyone else.
All always hear that people say that government should work more like a business, then fine. The government has invested money into infrastructure so that its people, a countries most important investment, may grow. Like any good business it expects its return on investment.
While you call the motivation for people like me saying this envy, how do you explain Warren Buffets motivation. What would draw a man who would pay in taxes then I would make in a lifetime, to tell you that the system is broken and the tax system must be fixed? I will give you a hint it is not envy.
Final point:
NO business hires people based on the taxes. They hire people based on how much their consumers are spending.
It doesn't matter if you cut taxes to zero, if no one is going to spend the money in your business, you don't hire.
How is not fair to ask someone who has benefited from the system to pay to same percentage back as every one else who enjoys the same things. Lest many people forget it is the government which allows roads to be built, schools to be funded, and most importantly the financial infrastructure that allows for investment (where Romney made his money), to be built and sustained.
What many people forget is that the government is not some mystical power the rules the land, it is the government of the people. And for it to work properly everyone must pay fair taxes. Yes I believe if you benefit more from a system, you should at the very least pay the same portion if not more then everyone else.
All always hear that people say that government should work more like a business, then fine. The government has invested money into infrastructure so that its people, a countries most important investment, may grow. Like any good business it expects its return on investment.
While you call the motivation for people like me saying this envy, how do you explain Warren Buffets motivation. What would draw a man who would pay in taxes then I would make in a lifetime, to tell you that the system is broken and the tax system must be fixed? I will give you a hint it is not envy.
Final point:
NO business hires people based on the taxes. They hire people based on how much their consumers are spending.
It doesn't matter if you cut taxes to zero, if no one is going to spend the money in your business, you don't hire.
dontexist21
Well-Known Member
The only reason that the government does this is because people vote people in power that want to do this. If people would remember that it is the government of the people, and we have a wonderful system where people can be voted out of office. To bad most people don't vote, or care to research to facts themselves. This is a government of the people, remember what happened when SOPA and PIPA was tried to be pushed down our throats. The people fought back and won, if more people did this our government would work a lot better. To bad most people just don't care.
If no one payed taxes I wonder how this country could sustain it self...wait it can't.
WillyBagseed
Active Member
First , owning a company alone does not mean you get to pay 15% tax........ lol
I do have a small amount in investments that pay capital gains tax only and it isn't shit (the taxes). People who live off of capital gains alone and do no work (except pay attention) should not be paying a lower rate than somebody busting their ass.
I pay about 25% on $$ I earn working and a little over 1/2 that on the $$ I make doing nothing more than not being stupid.
My "company" is 20 years old and we are very small, 2 full time guys have been with me from the start, 1 employee is on call / part time. We own 2 older trucks (1 is a backup) and lease 2 , it is not cheap nor easy to run it. Healthcare is especially fucked up to pay for followed by diesel.
The cost of both I blame on greed. Healthcare should not be for profit, life and death depends on it and when profit gets in the way..............
Much of the fuel we refine is shipped out of the USA instead of being used here which would drop the price a great deal, that and speculators running crude prices over $100 when it should realistically be around $40-$60 a barrel.
What most "drill baby drill" people fail to realize is we already have more fuel than we use and export a great deal of it, all drilling for more will do is raise corporate profits.... it will NOT drop fuel prices.
WillyBagseed
Active Member
If you bust your ass , break your body and make $70,000 a year you will pay about 25% in taxes.
If you sit at the pool, drinking whiskey shooters, waiting on your dividend check or any capital gains you pay 15% in taxes.
Please explain again how this ends up being "fair" and balanced taxes?
And do not give the job creator LIE.
Stolen from above post but, 100% true.
If you sit at the pool, drinking whiskey shooters, waiting on your dividend check or any capital gains you pay 15% in taxes.
Please explain again how this ends up being "fair" and balanced taxes?
And do not give the job creator LIE.
Stolen from above post but, 100% true.
- NO business hires people based on the taxes. They hire people based on how much their consumers are spending.
It doesn't matter if you cut taxes to zero, if no one is going to spend the money in your business, you don't hire.
NLXSK1
Well-Known Member
No willy, it doesnt. But you can structure your company in a way that you pay yourself from the profits of the company rather than take income.
You might want to sit down with a tax advisor on this one. You could save a hell of a lot of money.
On the flip side, you wont be contributing to your social security, unemployment, etc... So when you retire your benefits will be lower.
NLXSK1
Well-Known Member
You have to earn money to start with. Romney didnt get an inheritance, he earned his money. So he busted his ass while he was younger earning millions of dollars.
The government is flat out in love with you right now. You are buying into the notion that someone earns their money, it gets taxed at the highest rate. THEN when they invest their money in a company that company's profits gets taxed at one of the highest rates in the world. THEN what is left of that profit gets doled out and taxed AGAIN at 15%...
But you are demanding that the 3rd time it gets taxed, it should be 30%, not 15%...
The politics of Envy....
MuyLocoNC
Well-Known Member
Exactly. But don't think this DUMBASS will ever admit to the obvious. Triple taxation is awesome in the minds of those who want to redistribute wealth.
NLXSK1
Well-Known Member
MuyLocoNC
Well-Known Member
Do they tax the remaining 45% as income as well? Just curious.
Carne Seca
Well-Known Member
It's like watching an Abbott and Costello skit.
kelly4
Well-Known Member
Why do liberals always say" the rich need to pay more", instead of" the poor should pay less"? That way of thinking is completely backwards. The more taxes brought in, the bigger the government, and more spending waste. Lower taxes, cut spending, cut government, and stay out of businesses way and everyone will make more money! WAIT....the rich will still be better off than them so that is not an option!
And what's really crazy is, the additional taxes the Dem's want to raise is like a drop in the bucket- almost meaningless percentage wise......... it's really just a talking point to help divide the bases. It's a proven fact that the VERY rich have tax excellent tax advisors to show them how to avoid paying taxes when the rates climb very high i.e. take compensation in stk options instead of salary, increase retirement donations lowering gross salary, delaying salary payments until rates change, and paying family members instead of themselves, essentially lowering their rates and 100 other ways that very rich people CAN avoid high taxes if they wish. I remember reading an article stating that when taxes go too high, the total amount paid in taxes GOES DOWN, not up.
Also just saw an excellent news report how the U.S. Jewish population, who voted for Obama at 83% in the last election, is now at 54% who would vote for him. He's disrespected the state of Israel and their leaders, and I expect this will have a major impact on his money raised and certain state elections such as Florida.......
Also just saw an excellent news report how the U.S. Jewish population, who voted for Obama at 83% in the last election, is now at 54% who would vote for him. He's disrespected the state of Israel and their leaders, and I expect this will have a major impact on his money raised and certain state elections such as Florida.......
kelly4
Well-Known Member
Correct. When taxes go up jobs are cut. Cutting taxes on businesses creates jobs. Not only do workers pay income taxes, but they pay sales taxes. When they buy stuff, the places they buy from pay taxes. More people shopping there means more people working there=more taxes. The more people working=The more taxes brought in. LOWERING taxes creates jobs and wealth. Yes trickle down WORKS! I don't care how many breaks the rich get as long as I am better off in the long run!
dontexist21
Well-Known Member
Please show me this article, because if you talk to any business owner, my family, this is just NOT TRUE. I will repeat you can cut taxes to zero if you have no demand for your product or services you do not hire. Taxes have been their lowest in decades. I ask you this where are the jobs?
FYI: most new jobs are created by small businesses, not the rich.