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>Why not then, dip into your bank account? By this logic, there are trillion of $$ in bank accounts all around the world. That's a lot of money. My bank accoun
by dTal 3y ago
>Why not then, dip into your bank account? By this logic, there are trillion of $$ in bank accounts all around the world. That's a lot of money.
My bank account is dipped into. It's called "tax". I pay it at a considerably higher rate than Apple does. Does that seem fair?
- landemva 3y ago> Does that seem fair? No, though it is not about fairness. Your slave owner takes part of the fruits of your labor. Why do you allow that?
- dTal 3y agoIt is entirely about fairness. We live in a society. Tax is necessary to maintain that society. Everyone needs to pitch in. If you want "rights", that comes with "responsibilities" - they invariably pair.
- landemva 3y agoResponsibilty to maintain road and sewer, for example, are funded by use tax and sales tax. Those who use it are paying to maintain it. Income tax pays for ... ridiculous things like endless wars and spying on American income tax payers.
- didibus 3y ago> Income tax pays for ... ridiculous things like endless wars and spying on American income tax payers 12% of federal budget went to national defense. Most of it went towards Health Insurance, Social Security, and Welfare programs.
- landemva 3y agoFederal budget includes deficit spending. Did trustfundians pay income tax? How does the son of George Soros, who does not need income, pay income tax? The children of ultra rich are not tax slaves. They escaped.
- parineum 3y agoHow do you think those kids acquire money? I guarantee you it's a in a form the government classifies as income.
- didibus 3y agoYes, a small percentage went to paying interest on loans, and some of the money spent was borrowed. And the majority of spending from income tax still went to the things I mentioned prior. I'm not sure I'm following what you're implying.
- nxx788 3y agoAre you talking about the idea that taxes are theft, (which I didn't disagree with more) or the idea that wage labor is theft because your employer sells the products for more than they pay you to produce them (which is absolutely theft, imo)?
- landemva 3y agoSales tax and use tax pay for what we consume. Those and a few others, such as import duties, are reasonable.
- wak90 3y agoNormally, I'd just flame you for this. There's a baseline level of consumption required to survive. Meaning everyone eats, rents, drives to work, buys an entertainment system. Paying for what you consume is a regressive way of generating tax revenue as the tax is raised from the poor masses. Progressive taxation exists because people with more income have more disposable income. When you tax a poor working single mother of three and she must choose between buying food or paying tax, you will get riots eventually. When you tax a millionaire who's choice is buying a sports car or paying tax, riots don't usually happen.
- atlantic 3y agoThe cornerstone of a fair tax system is to avoid double taxation. Most countries currently practice triple taxation - they tax personal income, they tax the same income again through taxes on consumption, and a third time through corporate tax. And then there are still countless other small taxes. A fair system would tax people once, on their earnings, and stop there. So, to answer your question, there should be no corporate tax, and no VAT, if income tax is set at the correct level. It makes no sense for you, as an individual, to compare yourself to a corporation.
- ClumsyPilot 3y ago> So, to answer your question, there should be no corporate tax, and no VAT, if income tax is set at the correct level. It makes no sense for you, as an individual, to compare yourself to a corporation. This is outrageous. Why does, in your world, a corporation have amore rights than a real person? On the contrary, there should be no personal income tax, only Corporate taxes.
- christophilus 3y agoOr no taxes other than a flat national sales tax, probably with some rebate to assist the poorest X% of families.
- landemva 3y agoAnd repeal the income tax. And exempt from sales tax uncooked food at grocery stores.
- notahacker 3y agoWhich, like the "only income tax" would enrich the hereditary wealth dynasties at the expense of the sort of people that actually have to spend most of their income.
- pitaj 3y agoCorporate taxes are among the taxes with the highest dead weight loss, and the cost just gets passed on as lower worker compensation or higher prices of goods and services. The overhead associated with corporate taxes is also much higher for small businesses.