The left-wing lies about taxes

[danielpalos]

We have never had free markets in the history of our Republic.

Remind us again what the minimum wage was in 1776?

We had Congress commanding fiscal policy.

No we didn’t.

Yes, we always have. That is why nobody takes the right wing seriously.

 

[danielpalos]

What is those things that the left want to tax to discourage it?

Getting back to the topic at hand, absolutely lefties want it both ways. They want to claim that taxes both have no impact AND have impact.

just like the right wing; financing Government and claiming to be Capitalists.

So your official position is that government shouldn’t be “financed”?

Seriously man...you are one of the worst PRT’s I have ever seen. Putin is going to have you executed if you keep this up. You’re too lazy to do even basic homework so you can’t st least sound rational.

My official position is that the Right Wing is financing Government; the Rich got Richer faster, with that official public policy.

 

[Skull Pilot]

We have never had free markets in the history of our Republic.

Remind us again what the minimum wage was in 1776?

We had Congress commanding fiscal policy.

No we didn’t.

Yes, we always have. That is why nobody takes the right wing seriously.

No one takes you seriously

 

[danielpalos]

Yes, folks. Only the right wing is dumber. We have never had free markets in the history of our Republic.

We have always had a mixed-market economy; Congress commands fiscal policy and the central bank commands monetary policy-a Command Economy.

To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;

A fifteen dollar an hour Minimum wage will be a fixed Standard of that Weight and Measure.

Capitalism has to "play within the goalposts fixed by Government."

We didn't have a central bank until 1914, dumb fuck. When the government only spends 5% of GDP, fiscal policy has little effect on the economy.

As usual, your understanding of the American economic history is total horseshit.

We have always had a mixed-market economy; Congress commands fiscal policy (and the central bank commands monetary policy)-a Command Economy.

That's like saying 1/1000th of a gram of strychnine in your oatmeal is just as dangerous as 10 grams. It's a bullshit claim that only morons express.

Command economics is not a free market.

You have a special talent for the non sequitur.

lol. The right wing has a common talent for, never getting it.

 

[hadit]

Okay, why do I want to let the government have my money as an interest free loan and get a little bit of it back a year later?

There's a remedy for that dumfuk. Change your withholding amount.

Claim max deductions. Of course then you'll be taking a loan from the government and will have to pay it at tax time but hey...you're "smaat" enough to figure that out on your own...right?

Only if your overtime doesn't put you in a higher tax bracket

Already covered. Of course if that is the case you're making some pretty serious money so it's not exactly "problem"

The ideal, numbskull, is to either break even at the end of the year or to have set aside enough to cover any shortfall earning interest throughout the year. It's not a loan from the government, it's your money that you're holding onto as long as you can.

 

[Wyatt earp]

Let me spell this out for you stupid.

Say your normal check is $800. You earn $200 in OT. That WEEK...your entire check is taxed as if you always earn $ 1000/wk. But in reality only the $200 OT should have been taxed at that rate.

At the end of the year when you figure your taxes ...the extra taxes levied on that $800 will be refunded.

If you don't like that arrangement simply adjust your withholding so that the least amount of tax is taken out every week. You'll have to PAY at the end of the year but you'll have the satisfaction of knowing that you didn't lend money tax free to the government

That is essentially what douchebag above does with his quarterly taxes...although he pays his estimated taxes in ADVANCE...so yea...he does lend money to the government. He's just too stupid to know it

Interest you stupid fuck .


God damn liberals never know math..

.

 

[Lesh]

You don't have to tell me how overtime works, Lush.

And no, workaday slobs pay in more than they owe and think they're getting a windfall when they get a refund check.

I never pay more in than I actually owe so my money works for me not for the fucking government.

If you understood this the first thing you would do is change your withholding so you would not get a refund but rather you owed a couple hundred bucks at the end of the year

A. From your posts you obviously DON'T know how OT works

B. You don't even seem to realize that you pay your taxes in ADVANCE (and thus lend the government money at zero interest) as opposed to "as you go" like "workaday slobs" do.

C. We seem to agree that "workaday slobs" CAN adjust their withholding so that they (unlike you) don't lend the government money at no interest. Glad to have educated you

 

[Skull Pilot]

You don't have to tell me how overtime works, Lush.

And no, workaday slobs pay in more than they owe and think they're getting a windfall when they get a refund check.

I never pay more in than I actually owe so my money works for me not for the fucking government.

If you understood this the first thing you would do is change your withholding so you would not get a refund but rather you owed a couple hundred bucks at the end of the year

A. From your posts you obviously DON'T know how OT works

B. You don't even seem to realize that you pay your taxes in ADVANCE (and thus lend the government money at zero interest) as opposed to "as you go" like "workaday slobs" do.

C. We seem to agree that "workaday slobs" CAN adjust their withholding so that they (unlike you) don't lend the government money at no interest. Glad to have educated you

Your W-4 withholding that you fill our do not take into account any number of deductions available to people in fact the only things you can enter are the number of dependents and if you want any additional taxes withheld.

For example,it's quite a simple matter to figure out how much mortgage interest you would be paying and then adjusting your withholding to take that future deduction into account.

I am legally required to make quarterly payments so yes I pay them but I never estimate my taxes to be more than 90% of what they were the previous year and I NEVER overpay.

 

[Lesh]

I am legally required to make quarterly payments so yes I pay them but I never estimate my taxes to be more than 90% of what they were the previous year and I NEVER overpay.

Well congrats on avoiding THAT particular stupidity. I'm a little surprised LOL.

But you DO pay in advance...in effect loaning the government money at no interest.

Why am I not surprised that you didn't realize this...

 

[Lesh]

Your W-4 withholding that you fill our do not take into account any number of deductions available to people in fact the only things you can enter are the number of dependents and if you want any additional taxes withheld.

Yea dumfuk. Claiming zero (when you actually have deductions) WILL guarantee that less tax is taken out of your pay check...preventing you from making that "no interest loan" to the government


Sheesh

 

[Skull Pilot]

I am legally required to make quarterly payments so yes I pay them but I never estimate my taxes to be more than 90% of what they were the previous year and I NEVER overpay.

Well congrats on avoiding THAT particular stupidity. I'm a little surprised LOL.

But you DO pay in advance...in effect loaning the government money at no interest.

Why am I not surprised that you didn't realize this...

I am FORCED to pay quarterlies what don't you understand about that and if you really thought about it you might realize I am actually paying as I go not paying in advance

My first tax bill on April 15 is more or less the taxes due on my estimated income for the quarter that ended on 3/31 I did not pay those taxes before 3/31 so I am not paying in advance

and FYI neither are you. the taxes withheld from your pay check are those due for that pay period, not for the next pay period

so unlike you I do not let the government use my money as an interest free loan

 

[Skull Pilot]

Your W-4 withholding that you fill our do not take into account any number of deductions available to people in fact the only things you can enter are the number of dependents and if you want any additional taxes withheld.

Yea dumfuk. Claiming zero (when you actually have deductions) WILL guarantee that less tax is taken out of your pay check...preventing you from making that "no interest loan" to the government


Sheesh

Really?

Claiming ZERO dependents means less tax is taken out?

Are you sure about that ?

If you are you are wrong.

If you claim 5 dependents when you have none then LESS taxes will be taken out of your pay more is taken out if you claim ZERO

PaycheckCity.com | Paycheck Calculator Result

if you make 1000 a week and you claim zero your federal income withheld will be $126
If you claim 5 dependents your federal income tax withheld will be $ 60

Seems to me you don't know what you're talking about

Who's the dumb fuck now?

 

[P@triot]

Yes, we always have.

Name a single legislation from 1776 that dictated to the free market what they could and could not do.

Don't worry, I'll wait.

(Psst...stupid...there wasn't even a federal income tax back then)

 

[P@triot]

My official position is that the Right Wing is financing Government

Now that is true. The right is the 52% that pays federal income tax and keeps the federal government financed. The left is made up of the 48% of parasites who mooch off of society and pays 0 federal taxes.

 

[g5000]

The left desperately attempts to promote the false narrative that taxing people has no affect on them at all. While even the most basic common sense (not to mention history) dictates otherwise, the left still attempts to push that propaganda on society.

Now, even the CBO (Congressional Budget Office) has come out and confirmed that higher taxes and government programs decrease incentive to work. Which is why left-wing policy (socialism, communism, marxism, fascism, etc.) always ends in collapse, poverty, and misery. The latest evidence of that indisputable reality is Venezuela.

"When workers' earnings rise but their after-tax income rises less—because of increases in their income and payroll taxes or declines in their benefits from government programs—their incentive to work typically declines," said Shannon Mok, an analyst for the budget office in the tax analysis division.

Well duh. That's just common sense. It continues...

"When deciding how much to work, people consider not only the higher earnings from working more hours but also the resulting difference in after-tax income—which is market income plus government transfers minus taxes," Mok says.

"Increases in marginal tax rates, on net, decrease the supply of labor by causing people already in the labor force to work less," she says.

Hence the catastrophic failure of left-wing policy - as seen most recently in Venezuela. Left-wing policy decentivizes production and incentivizes society to be idle and unproductive. Which ultimately leads to collapse as there is less and less production of the products and services needed by society.

Surprise, surprise: CBO says higher taxes and government programs decrease incentive to work

Like I keep saying, the more you tax something the less of it you get. That's why taxes on consumption are superior to taxes on production.

The income tax is a tax on production.

I favor repealing the income tax and replacing it with the Fair Tax.

 

[g5000]

You know what else bankrupts countries? Excessive spending.

Yet the pseudocons are dead silent about the fact Trump has DOUBLED our federal deficit in just two years.

On top of that, the Republican Congress and Republican President have hit an all time record spending this past year. They beat Obama's pants off in spending!

And again, the pseudocons are dead silent about it.


They start topics blaming Democrats for everything. Isn't that fucking hilarious? Talk about willful blindness! Ho-leeeeeee SHIT!!!

 

[g5000]

I wonder if the pseudocons' propaganda outlets have even made them aware Trump has the all time record for spending.

I bet they are totally in the dark about that fact.

Isn't that something?

It won't be too long before Trump has the all time deficit record, too.

 

[P@triot]

Like I keep saying, the more you tax something the less of it you get. That's why taxes on consumption are superior to taxes on production.

The income tax is a tax on production.

I favor repealing the income tax and replacing it with the Fair Tax.

You want some real irony? A consumption tax is also the ultimate progressive tax - and yet the left vehemently opposes it.

A person with Bill Gates money won't give a damn how high the taxes are on a Lamborghini. You could hit mansions, exotic automobiles, private jets, etc. hard. The rich would absolutely pay their "fair share".

 

[initforme]

Looking for sympathy for billonaires? I'm sure average paycheck to paycheck workers(hardest working and most productive in the entire world) are concerned...lol

 

[danielpalos]

Yes, we always have.

Name a single legislation from 1776 that dictated to the free market what they could and could not do.

Don't worry, I'll wait.

(Psst...stupid...there wasn't even a federal income tax back then)

Only the right wing is that silly. We really only need, Ten simple Commandments from a God; not the myriad of laws we have now. 1929 already happened. Nobody takes the right wing seriously about AnCaps; the Chinese have entire empty cities, "off the shelf", yet no open interest or markets exist.