JimBowie1958
Old Fogey
- Sep 25, 2011
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Suppose the RINOS and libtards have their way and keep on funding the political patronage system for another century.
Ignoring the practical impacts of such a disaster to America, taxes will climb until they can climb no more.
But at what point do they amount to slavery? Suppose you make $100,000 annually, about twice the average house hold income.
100%? Some would argue that that still does not make one a slave since one can still leave the country, but the feds have passed a law that will tax you for years after you leave.
Expatriation tax - Wikipedia, the free encyclopedia
80%? At 20% of remaining income, one could be looking at subsistence level income, meaning you have enough money left, maybe, to be above the poverty rate *if* you make close to $100,000 annually or more. That is a slave that buys his own essentials, and is even cheaper for the slave owners.
70%? A person could survive but not thrive on $30,000, but why make all that money if the government takes it all away about as quickly as you make it? And what of those who have average incomes? Can they be considered able to oay for more than merely surviving at $15,000 a year?
Note: this calculation completely ignores the taxation passed on to consumers by corporations, and some already pay well over 50% net income taxes if they live in New York City.
Americans for Tax Reform : Yankees Pitcher To Lose Over Half of $155 Million Contract to Taxes
Ignoring the practical impacts of such a disaster to America, taxes will climb until they can climb no more.
But at what point do they amount to slavery? Suppose you make $100,000 annually, about twice the average house hold income.
100%? Some would argue that that still does not make one a slave since one can still leave the country, but the feds have passed a law that will tax you for years after you leave.
Expatriation tax - Wikipedia, the free encyclopedia
80%? At 20% of remaining income, one could be looking at subsistence level income, meaning you have enough money left, maybe, to be above the poverty rate *if* you make close to $100,000 annually or more. That is a slave that buys his own essentials, and is even cheaper for the slave owners.
70%? A person could survive but not thrive on $30,000, but why make all that money if the government takes it all away about as quickly as you make it? And what of those who have average incomes? Can they be considered able to oay for more than merely surviving at $15,000 a year?
Note: this calculation completely ignores the taxation passed on to consumers by corporations, and some already pay well over 50% net income taxes if they live in New York City.
Americans for Tax Reform : Yankees Pitcher To Lose Over Half of $155 Million Contract to Taxes
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