Elon Musk Wants To Simplify the Tax Code

[AzogtheDefiler]

Taxes are the price we pay to live in a civilized society
You vote for your representatives
Means it is not theft

Some not most.

The 4% millionaires tax in MA is theft and hence many are leaving MA

 

[rightwinger]

Some not most.

The 4% millionaires tax in MA is theft and hence many are leaving MA

If they are making money in Massachusetts, they are free to leave

Means it is voluntary

 

[hadit]

Taxes are the price we pay to live in a civilized society
You vote for your representatives
Means it is not theft

"Nice little store you have here. It would be a shame if something happened to it, but here's the price you pay to keep it safe against accidental fires and damage".

 

[AzogtheDefiler]

If they are making money in Massachusetts, they are free to leave

Means it is voluntary

And they are. Therein lies the problem when you have one party rule.

 

[rightwinger]

"Nice little store you have here. It would be a shame if something happened to it, but here's the price you pay to keep it safe against accidental fires and damage".

good example

The government doesn’t do that, do they?
You get to vote for your representative

 

[rightwinger]

Not if we cut spending at the same time, and there is a lot of waste that can be cut before services are affected.

Doesn’t change the tax distribution

Cut taxes on the wealthy from 37 percent to 15 percent you have a huge drop in revenue

Cutting “waste” will not cover it

What will happen is you will cut taxes on the wealthy and make up for it by cutting social programs

 

[hadit]

good example

The government doesn’t do that, do they?
You get to vote for your representative

Sure it does. How long do you stay in business if you don't pay all the fees and taxes demanded by government at all levels?

 

[rightwinger]

Sure it does. How long do you stay in business if you don't pay all the fees and taxes demanded by government at all levels?

How long do you stay in business if you don’t pay your suppliers or your employees

 

[hadit]

Doesn’t change the tax distribution

Cut taxes on the wealthy from 37 percent to 15 percent you have a huge drop in revenue

Cutting “waste” will not cover it

What will happen is you will cut taxes on the wealthy and make up for it by cutting social programs

Why is 37% an acceptable rate? Serfs in the Middle Ages didn't pay that much, and I'd certainly like to see government programs be forced to justify their existence and show where the money goes before demanding more from the taxpayers. The Pentagon is famous for losing track of a massive amount of money. Did anyone even lose their job over it?

 

[hadit]

How long do you stay in business if you don’t pay your suppliers or your employees

Irrelevant to the point. The government holds your business hostage until you cough up the money demanded.

 

[rightwinger]

Irrelevant to the point. The government holds your business hostage until you cough up the money demanded.

Very relevant

Taxes are a cost of doing business
Just like salaries, rent, utilities, supplies

Those taxes pay police, fire, infrastructure, education of your employees

 

[The Duke]

The Constitution specifically gives Congress the power to raise revenue and the income tax

16th amendment
The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several States, and without regard to any census or enumeration.

What year was that amendment passed, dumbass?

 

[rightwinger]

What year was that amendment passed, dumbass?

Let me see

It was a year prior to this year
That means it is a valid tax

 

[Picaro]

So why have we always been told by "scholars" on the subject that "taxation is theft" and thats why people were fleeing Europe for this new country?

They aren't 'scholars', and they're full of shit.

In other news, it was Republicans who started the income tax. That was before the 16th Amendment, according to racist math and stuff.

Historical Highlights of the IRS | Internal Revenue Service

From Al Capone through two World Wars, the IRS has changed a lot through the decades.

www.irs.gov

 

[justoffal]

I am sure President Musk will review the current tax code in detail and totally not biased for hyper billionaires.

Stop worrying about Musk.... He pays more in taxes than most states have in their budget. It would take you thousands of years to equal his contribution maybe tens of thousands...

 

[Zincwarrior]

Stop worrying about Musk.... He pays more in taxes than most states have in their budget. It would take you thousands of years to equal his contribution maybe tens of thousands...

I have confidence in President Musk

 

[rightwinger]

Stop worrying about Musk.... He pays more in taxes than most states have in their budget. It would take you thousands of years to equal his contribution maybe tens of thousands...

He also gets government subsidies for Tesla and SpaceX

 

[justoffal]

He also gets government subsidies for Tesla and SpaceX

Well in that case I'm glad he pays out massive amounts of federal taxes because he should.
His upcoming tax bill for the next year may be as much as 70 billion.

 

[dudmuck]

Stop worrying about Musk.... He pays more in taxes than most states have in their budget. It would take you thousands of years to equal his contribution maybe tens of thousands...

 

[Lisa558]

See that big yellow slice?
Not just rich but Fucking Rich

The big yellow slice is the top 20%, and you’re complaining they’re “rich”? The median net worth of that quintile is $608,000.

News flash: as a well-paid government worker with a cushy inflation-adjusted pension, you’re no doubt in the yellow slice - and even more likely in the top 10%.

(That’s the problem with the elitist libs. They’re always clamoring that the wealthy should pay more, not realizing that they are the wealthy.)

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