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I would say mis used with no oversight.voluntarily over-contributing money to the government just sends it to a slush fund, where it can be used
Yes, that's another way to put it. The point is that "Just give more money to the government voluntarily!" is a really bad way to solve budgetary issues. If you have budget problems, you either need to cut spending or raise taxes (usually both). The problem is that the only programs that ever seem to get cut are social programs, and certain segments of the population scream bloody murder any time someone suggests a tax increase - even if it wouldn't affect them.I would say mis used with no oversight.
and certain segments of the population scream bloody murder any time someone suggests a tax increase - even if it wouldn't affect them.
I realize this is satire, but it's also a practically word-for-word quote of something one of my coworkers has said, completely unironically.look, I don't know what Socialist Commie Workers Paradise you live in, but here in 'Merica, I literally cry, cry my self to sleep every night knowing that there are evil people out there that want to force Millionaires and even Billionaires to pay unfair taxes on there well earned or inherited wealth at a similar rate that I have to for the money my employer graciously bestows upon me.
I realize this is satire, but it's also a practically word-for-word quote of something one of my coworkers has said, completely unironically.
A little bit - and also proof of Poe's Law.That's creepy.
May I ask what is being said?Of course it doesn't help with the amount of mis and disinformation out there about how taxes actually work.
The most common is a total misunderstanding about how marginal tax rates work. If the top marginal tax rate is, say, 50% on income over $300,000, it's not uncommon for people to believe that, should they make $300,001, they would pay $150,000.50 in taxes. In reality, they would only be paying that 50% tax rate on $1.May I ask what is being said?
I agree it's more complicated than that but I'm not sure that's what Arcang was implying.The most common is a total misunderstanding about how marginal tax rates work. If the top marginal tax rate is, say, 50% on income over $300,000, it's not uncommon for people to believe that, should they make $300,001, they would pay $150,000.50 in taxes. In reality, they would only be paying that 50% tax rate on $1.
Your supposed to use the more thrilling title: death tax.Rocks did the biggest one. Another example I can think of off the top of my head is the Estate Tax which only effects about 2500 people a year but is treated as an existential threat to the American way of life, especially for farmers.
This ex-Republican and even back then could care less about the Death Tax because 99.9% of Americans don't have an estate of $12M. I haven't heard anything about it in several years and maybe it's drummed up during election time.Rocks did the biggest one. Another example I can think of off the top of my head is the Estate Tax which only effects about 2500 people a year but is treated as an existential threat to the American way of life, especially for farmers.
This is my question to you.disinformation out there about how taxes actually work.
And like I said, Rocks covered the biggest thing.This ex-Republican and even back then could care less about the Death Tax because 99.9% of Americans don't have an estate of $12M. I haven't heard anything about it in several years and maybe it's drummed up during election time.
This is my question to you.
Can you explain this to an old dummy.Rocks covered the biggest thing.
See post #89. Marginal tax rates.Can you explain this to an old dummy.
| Tax Rate | Single | Married filing jointly | Married filing separately | Head of household |
|---|---|---|---|---|
| 10% | $0 to $11,000. | $0 to $22,000. | $0 to $11,000. | $0 to $15,700. |
| 12% | $11,001 to $44,725. | $22,001 to $89,450. | $11,001 to $44,725. | $15,701 to $59,850. |
| 22% | $44,726 to $95,375. | $89,451 to $190,750. | $44,726 to $95,375. | $59,851 to $95,350. |
| 24% | $95,376 to $182,100. | $190,751 to $364,200. | $95,376 to $182,100. | $95,351 to $182,100. |
| 32% | $182,101 to $231,250. | $364,201 to $462,500. | $182,101 to $231,250. | $182,101 to $231,250. |
| 35% | $231,251 to $578,125. | $462,501 to $693,750. | $231,251 to $346,875. | $231,251 to $578,100. |
| 37% | $578,126 or more. | $693,751 or more. | $346,876 or more. | $578,101 or more. |
I know that that's why I said it was more complicated than that. #90. I get it now, Rocks is your name lol, but I never claimed to be the brightest crayon in the box. lolSee post
I believe in the concept, "If you don't work, you don't eat." Yes, there are a lot of hungry people in the US, but there are also a lot of people in the US that don't work and don't look for work. I'd like to see all welfare-like programs abolished. Necessity is the mother of invention. A lot of takers just might surprise themself. FWIW, my wife's first husband died with no life insurance while she was taking care of three children under the age of 8. She worked her butt off to support them and did a better job parenting them than most two parent homes. One son started his own business and is worth millions while another learned a trade to earn a deep six figure income, while the third paid her way through college to get a stem degree and is doing quite well.I am bothered by the hunger and homelessness in America. I believe part of the problem is the Federal reserve's monetary policy from the GFC. They kept interest rates low which allowed corporations and investors to buy up assets thus creating inflation. Home prices has risen thus causing property taxes and insurance to increase thus hurting people who were living paycheck to paycheck. Then we had COVID.
"One out of every five children in the U.S. does not have enough food to eat, but the reality of the suffering that is now taking place just isn’t sinking in for many of those that are still living the high life.
Meanwhile, homelessness in the U.S. is increasing at the fastest rate ever recorded…"
This Year, Americans Have Become Hungrier, Lonelier And More Desperate
The ominous trends that we see all around us are taking us somewhere. Needless to say, 2023 was not a good year for our country. Hunger and homelessness have been absolutely exploding, the suicide ratethemostimportantnews.com
I mention what I feel part of the problem of the cause of the ever-expanding homelessness problem. You can't compare your blessed situation onto the rest of America. I too am retired, and I have money in the bank and living a blessed life. I reread the article and it's right leaning and bashing Biden but that's not what I'm not trying to do. I've seen homelessness get increasingly worse under both parties. Maybe it stems from our government's ignorance and assumptions like some Americans have.In that entire time she took one
This does not include me, or should it include any so-called Christians. The ones you have pity for what are you doing for them?The only ones in the US that I have pity for regarding hunger are those that do not have the physical ability to work.
You make it sound so easy; seems you haven't done any critical thing on what keeps those people in the cities they live in.My advise to the average poor person in the US is, move.
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