Yep. We had this discussion in 2008 when I posted this.
The tax system explained in beer
- Thread starter kitchener rider
- Start date
Yep. We had this discussion in 2008 when I posted this.
Yeah, but the statement was, people making 2 to 3 times more than he does, pay 14% less in taxes than he does (which according to him is 1/2 what he pays while making 2 to 3 times more). The ONLY way he would know what anyone is suppose to pay, or does pay, is by using a TAX TABLE or being THEIR ACCOUNTANT.
Schexy1
Registered
To the OP, after the richest man stops going to the bar and nobody has any beer:
The first four will say, "I don't have any beer, let that rich effer wash his own car, clean his own house and cut his own grass".
the next two will say, "I don't have any beer, let that rich effer work in his own stores to sell his products".
The rest will say, "I don't have any beer, let that rich effer make his own products".
End results, If the rich doesn't help buy the beer, nobody will make or sell his products and he won't be as rich and tired as hell as he is trying to make and sell his products and keep his house up. Then he will go into a deep state of depression because all of those other people will eventually get together and steal all of his beer.
Moral of the story, if a rich guy buys the beer we will all be happy.
Here are some myths about taxes.
1) The upper class pay an unfair amount of taxes compared to the middle and lower class. The truth is everyone who works or makes money pays taxes. Yes, most of the taxes are collected from the upper class, but the lower classes pay also. The amount of taxes you pay is a percentage of you income.
2) The Percentage for the upper class is higher than the lower classes and that is unfair. The truth is, while the tax rate increases as your income goes up, so does the amount of deductable items. Also, most business can receive money in the form of grants and subsidies that are not counted as income. So the complaint that the rich pay a smaller percentage of their income in taxes can be true.
3) Everything would be better if there was a flat tax. The truth is Former President Reagan tried to introduce a flat tax when the House and the Senate were controlled by Republicans. The measure failed because the Bill eliminated all deductions and included money received in the form of Grants and Subsidies as Income. Under Reagan’s plan, everyone would pay a small percentage of the money they made or received. As a result of the lower flat tax rate proposal, taxes would have gone down for the poorest (who have no deductions), stayed about the same for the middle class (who have some deduction) and skyrocketed for Riches (where almost everything is deductable or subsidized). A flat tax without eliminating deductions would be Wealthfare.
4) Lowering Taxes will help the economy grow by creating jobs. This is kind of true. When businesses have more money they do invest and expand. The problem is that most of the businesses that will gain the most are investing and expanding in emerging markets (China and India). Off shoring has depleted the majority manufacturing and support jobs in the country. Those jobs will never come back until companies are penalized for having facilities, employees and contractors outside of the US. The companies that are left here depend heavily on Government contracts or sales. Here are the two problems they face:
a) With less money collected in taxes there will be fewer Government contracts to support those companies.
b) With less people working in manufacturing, support jobs and large scale construction (from large companies expanding overseas), there are fewer consumer dollars in the US to support the businesses that depend on sales. This trickles up to the suppliers these companies purchase goods and services from.
Many people don’t realize that companies who moved jobs to China and India for cheap labor have created a huge consumer base that they are now trying to tap into. The truth is, most of the jobs that have been lost in the last 10 years were either directly or indirectly a result of Off Shoring. Off Shoring is a sound business practice where profits are concerned and those jobs will never come back. Why would a business decrease profits by bringing jobs back?
The first four will say, "I don't have any beer, let that rich effer wash his own car, clean his own house and cut his own grass".
the next two will say, "I don't have any beer, let that rich effer work in his own stores to sell his products".
The rest will say, "I don't have any beer, let that rich effer make his own products".
End results, If the rich doesn't help buy the beer, nobody will make or sell his products and he won't be as rich and tired as hell as he is trying to make and sell his products and keep his house up. Then he will go into a deep state of depression because all of those other people will eventually get together and steal all of his beer.
Moral of the story, if a rich guy buys the beer we will all be happy.
Here are some myths about taxes.
1) The upper class pay an unfair amount of taxes compared to the middle and lower class. The truth is everyone who works or makes money pays taxes. Yes, most of the taxes are collected from the upper class, but the lower classes pay also. The amount of taxes you pay is a percentage of you income.
2) The Percentage for the upper class is higher than the lower classes and that is unfair. The truth is, while the tax rate increases as your income goes up, so does the amount of deductable items. Also, most business can receive money in the form of grants and subsidies that are not counted as income. So the complaint that the rich pay a smaller percentage of their income in taxes can be true.
3) Everything would be better if there was a flat tax. The truth is Former President Reagan tried to introduce a flat tax when the House and the Senate were controlled by Republicans. The measure failed because the Bill eliminated all deductions and included money received in the form of Grants and Subsidies as Income. Under Reagan’s plan, everyone would pay a small percentage of the money they made or received. As a result of the lower flat tax rate proposal, taxes would have gone down for the poorest (who have no deductions), stayed about the same for the middle class (who have some deduction) and skyrocketed for Riches (where almost everything is deductable or subsidized). A flat tax without eliminating deductions would be Wealthfare.
4) Lowering Taxes will help the economy grow by creating jobs. This is kind of true. When businesses have more money they do invest and expand. The problem is that most of the businesses that will gain the most are investing and expanding in emerging markets (China and India). Off shoring has depleted the majority manufacturing and support jobs in the country. Those jobs will never come back until companies are penalized for having facilities, employees and contractors outside of the US. The companies that are left here depend heavily on Government contracts or sales. Here are the two problems they face:
a) With less money collected in taxes there will be fewer Government contracts to support those companies.
b) With less people working in manufacturing, support jobs and large scale construction (from large companies expanding overseas), there are fewer consumer dollars in the US to support the businesses that depend on sales. This trickles up to the suppliers these companies purchase goods and services from.
Many people don’t realize that companies who moved jobs to China and India for cheap labor have created a huge consumer base that they are now trying to tap into. The truth is, most of the jobs that have been lost in the last 10 years were either directly or indirectly a result of Off Shoring. Off Shoring is a sound business practice where profits are concerned and those jobs will never come back. Why would a business decrease profits by bringing jobs back?
