IndependntLogic
Senior Member
- Jul 14, 2011
- 2,997
- 399
- 48
I'm a capitalist. Hell, I'm a business-owner and a REAL job creator in that, everyone I hire is actually American.
So I watch FOX and then I see the parroting on this and other boards about how "OMG! How can they ask the Rich to pay more in income tax?!?! 47% of Americans don't even pay taxes!"
This is a pretty good strawman. It's deceitful as hell, combines truth with lies and uses some great misdirection to get attention of the real crux of the issue.
1. Those 47% do pay taxes. They pay them every time they buy things etc... We're just at a point in our history where so many people are broke, they don't pay income taxes.
2. The Effective Rate thing. They use the 47% don't pay taxes as if it applies to the Middle Class. it doesn't. Ask yourself this question: Do youpay taxes? About what percent do you pay? If it's more than 18%, you're paying more than millionaires or most business-owners. If it's more than 0%, you're paying more than many international companies that are based in the USA. Do people like me, who employ 100% American workers, get special tax loopholes from the government? Do we get special consideration, investment, tax credits, subsidies or breaks? Nope. Who does? Companies that ship jobs overseas. Do those companies ship jobs to say, India for tax reasons? The rate in India is 33% and the average effective rate is higher than the USA. So no, that's a bill of goods that is being bought by a lot of people lately.
3. "But everyone has the same laws so the rich don't get anything that others can't have! They're just smarter!" This is completel bs. Could you have your boss "hold" 90% of your pay for a few years, so you won't have to pay taxes on it? Of course not. Our tax code is specifically designed to be unfair. Income deferments, Stock options, insurance etc... are all things that "anyone" can use but practically speaking, someone making $50K a year can't live on $5K a year. But someone making $20 MILLION a year can probably scratch by on $170,000 a month.
So yes. Our tax system is unfair. It offers loopholes to "everyone" - that only the rich can afford to use. This is the only country I've ever lived in, where people will actually say "Oh those poor rich people, THEY are the ones needing protecting!" .
Now they're talking about eliminating the deduction for mortgage interest. Does anyone NOT see the long-term consequence of such follishness? Some day historians will look at this period at our history and say "That's when the Middle Class that used to exist in America, voted themselves out of existence."
So I watch FOX and then I see the parroting on this and other boards about how "OMG! How can they ask the Rich to pay more in income tax?!?! 47% of Americans don't even pay taxes!"
This is a pretty good strawman. It's deceitful as hell, combines truth with lies and uses some great misdirection to get attention of the real crux of the issue.
1. Those 47% do pay taxes. They pay them every time they buy things etc... We're just at a point in our history where so many people are broke, they don't pay income taxes.
2. The Effective Rate thing. They use the 47% don't pay taxes as if it applies to the Middle Class. it doesn't. Ask yourself this question: Do youpay taxes? About what percent do you pay? If it's more than 18%, you're paying more than millionaires or most business-owners. If it's more than 0%, you're paying more than many international companies that are based in the USA. Do people like me, who employ 100% American workers, get special tax loopholes from the government? Do we get special consideration, investment, tax credits, subsidies or breaks? Nope. Who does? Companies that ship jobs overseas. Do those companies ship jobs to say, India for tax reasons? The rate in India is 33% and the average effective rate is higher than the USA. So no, that's a bill of goods that is being bought by a lot of people lately.
3. "But everyone has the same laws so the rich don't get anything that others can't have! They're just smarter!" This is completel bs. Could you have your boss "hold" 90% of your pay for a few years, so you won't have to pay taxes on it? Of course not. Our tax code is specifically designed to be unfair. Income deferments, Stock options, insurance etc... are all things that "anyone" can use but practically speaking, someone making $50K a year can't live on $5K a year. But someone making $20 MILLION a year can probably scratch by on $170,000 a month.
So yes. Our tax system is unfair. It offers loopholes to "everyone" - that only the rich can afford to use. This is the only country I've ever lived in, where people will actually say "Oh those poor rich people, THEY are the ones needing protecting!" .
Now they're talking about eliminating the deduction for mortgage interest. Does anyone NOT see the long-term consequence of such follishness? Some day historians will look at this period at our history and say "That's when the Middle Class that used to exist in America, voted themselves out of existence."