4 ms·

You've said something true that misses the point. Taxation disproportionately comes from wages, and most in the middle class can't avoid them, even though they

by mihaic 2y ago

You've said something true that misses the point. Taxation disproportionately comes from wages, and most in the middle class can't avoid them, even though they are a pillar of the economy.

JumpCrisscross 2y ago
> Taxation disproportionately comes from wages, and most in the middle class can't avoid them Totally correct. Ironically, a classic labour vs. capital argument holds water better than people vs. corporations. We absolutely tax returns on labour too much in America and capital not enough. That doesn't really result in concluding that we should let people deduct more expenses or corporations pay on their top line. You're still working at the level of abstractions.
- mihaic 2y ago
  Well, in this case I think the subject also is corporations v. people, as people can't lobby to Congress to get tax breaks. In this particular issue, the problem is both that corporations aren't taxed enough AND that they can evade the law by getting special dispensations. I'd be upset the most at: > Congress might give Tesla even more tax breaks. A bill passed by the House of Representatives in the previous Congress would have retroactively reinstated a provision allowing full expensing of research and development expenses which could save the company up to $2.4 billion in taxes.
  - mrkandy 2y ago
    > people can't lobby to Congress Always assumed that the elections is exactly about it
  - JumpCrisscross 2y ago
    > people can't lobby to Congress to get tax breaks You've never called your elected? I've literally worked on the language of bills because I was the only one to call in about a bill that had to be voted on, nobody in my jurisdiction cared about and the staffer who was chargdd with it couldn't give fewer shits about the issue.
stogot 2y ago
Half of taxpayers pay 97.7% of federal income tax https://taxfoundation.org/data/all/federal/summary-of-the-latest-federal-income-tax-data-2020-update/ https://taxfoundation.org/data/all/federal/summary-of-the-la...

by mihaic 2y ago

You've said something true that misses the point. Taxation disproportionately comes from wages, and most in the middle class can't avoid them, even though they are a pillar of the economy.

JumpCrisscross 2y ago

> Taxation disproportionately comes from wages, and most in the middle class can't avoid them Totally correct. Ironically, a classic labour vs. capital argument holds water better than people vs. corporations. We absolutely tax returns on labour too much in America and capital not enough. That doesn't really result in concluding that we should let people deduct more expenses or corporations pay on their top line. You're still working at the level of abstractions.

mihaic 2y ago
Well, in this case I think the subject also is corporations v. people, as people can't lobby to Congress to get tax breaks. In this particular issue, the problem is both that corporations aren't taxed enough AND that they can evade the law by getting special dispensations. I'd be upset the most at: > Congress might give Tesla even more tax breaks. A bill passed by the House of Representatives in the previous Congress would have retroactively reinstated a provision allowing full expensing of research and development expenses which could save the company up to $2.4 billion in taxes.
- mrkandy 2y ago
  > people can't lobby to Congress Always assumed that the elections is exactly about it
- JumpCrisscross 2y ago
  > people can't lobby to Congress to get tax breaks You've never called your elected? I've literally worked on the language of bills because I was the only one to call in about a bill that had to be voted on, nobody in my jurisdiction cared about and the staffer who was chargdd with it couldn't give fewer shits about the issue.

stogot 2y ago

Half of taxpayers pay 97.7% of federal income tax https://taxfoundation.org/data/all/federal/summary-of-the-latest-federal-income-tax-data-2020-update/ https://taxfoundation.org/data/all/federal/summary-of-the-la...