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Taxes and beer

VINYLONE said:
What the first post leaves out is that the tax system in this country is written for the rich folk...I mean, why would it be any different than any other piece of legislation? Its not going to benefit the lower tiered people of this country?

The guy that is paying the 59 bucks on that beer can tax defer, use a tax shelter, write it off as a business expense, etc, etc.
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The same basic rules apply to everybody regardless of income. In fact the tax laws actually are skewed in favor of the low income individuals. That is why a large % of wage earners pay no income tax. I am no expert, but I would guess that there no specific "tax breaks" written in the IRS code available to only high income earners that kick in when they reach a level of income.
 
The Pearl said:
In my experience even most CPA's have difficulty with the tax code. The average person can't fill out a 1040A form, yet the average fool ends up ranting on how the tax code is skewed to the rich, how rich people deduct everything, etc, yet they have zero idea what they are talking about, it is simply populist nonsense. They don't know the difference between a deduction, a credit, a shelter, a business expense, a non business related expense, a phase out, a capital gain or interest income.
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Do you like either of the Fair Tax or Flat Tax?
 
The Pearl said:
Either one of those would be far superior to the existing tax code.
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I'm with you on this.
The current tax system is way too complex and should be simplified.
I don't even care if that puts people out of work, we need people to work on something useful, not to pretend to teach people how to file their taxes.
 
JazzSpazz said:
I'm with you on this.
The current tax system is way too complex and should be simplified.
I don't even care if that puts people out of work, we need people to work on something useful, not to pretend to teach people how to file their taxes.
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Exactly. The complexity of it all is a joke. They have conditions set on the conditions that conditions are set on to preempt conditions. Two big problems with revamping the tax system. 1) the sheer size and complexity of it all. It will be incredibly difficult to account for every instance that the current tax code addresses. This leads to 2) politics. No matter what kind of reform to the tax code is attempted there will be those against it that can and will lobby politicians to kills it. Does it spread out the tax burden more fairly (as in guy #4 pays the same 15% that guy number 10 pays) then you will have groups saying that it only favors the rich. If it removes tax incentives and shelters and write-offs you will have groups lobbying it because it penalizes the rich. I think we need some change but don't think it will happen any time soon.
 
Do you guys have any idea what would happen to the already dismal fiscal situation for the U.S. if there was a flat tax? Or what would happen to the poor?

franklin said:
Every time I read these types of threads I wait for the 2 or 3 extra-angry-at-society folks to either add the tiniest bit of substance to their pure emotional appeal, or, to get into incentives and how they relate to advancement. It never happens.
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Do you really think people avoid acquiring mountains of wealth because they don't want to pay more taxes? Get real. Why should the well-being of the citizenry be tossed aside? Are you ****ing kidding me? That's one of the pillars of reasoning for the sheer existence of this nation. If you (or your ilk, at least) are you going to be constantly up in arms about the constitution, how about you read the preamble?

We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America.
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When you toss aside the general wellfare and domestic tranquility of the people, you get 19th century America. The playground of the free-market at it's purest. Your arguments are heinous and villainous at worst, and very poorly thought-out at best.
 
NUMBERICA said:
Do you guys have any idea what would happen to the already dismal fiscal situation for the U.S. if there was a flat tax? Or what would happen to the poor?



Do you really think people avoid acquiring mountains of wealth because they don't want to pay more taxes? Get real. Why should the well-being of the citizenry be tossed aside? Are you ****ing kidding me? That's one of the pillars of reasoning for the sheer existence of this nation. If you (or your ilk, at least) are you going to be constantly up in arms about the constitution, how about you read the preamble?



When you toss aside the general wellfare and domestic tranquility of the people, you get 19th century America. The playground of the free-market at it's purest. Your arguments are heinous and villainous at worst, and very poorly thought-out at best.
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Put the attitude aside, grow the **** up, and join the adult conversation. You speak with way too much vitriol to say anything meaningful.
 
franklin said:
Put the attitude aside, grow the **** up, and join the adult conversation. You speak with way too much vitriol to say anything meaningful.
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Are you still butt-hurt I pissed on your Millsap for trash thread or do you really think this response illustrates just how much more mature you are than me?
 
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