Taxing Yourself to Oblivion
EdsonNascimento
Posts: 5,521
http://www.msn.com/en-us/money/taxes/why-americans-are-giving-up-citizenship-in-record-numbers/ar-BBtKrxc?li=BBnbfcL
Taxes, taxes, taxes
Reminds me of the parable that goes something like - 6 people meet for beers every week and all split the cost. Bartender decides, hey, they come every week, I'll double the price. 2 of the friends unfortunately can't afford the new price, so won't be coming. The other 4 are such good people they say, don't worry about it, just pay what you can. We like your company. Slowly, those 2 start paying less and less as they realize the other 4 are willing to cover more and more. After a while, the bartender decides - hey, they keep coming, let me raise the price again. Another 2 say they can't afford the new price. Well, the "remaining" 2 say - no worries. We can cover the difference, just pay what you had been paying, and we'll be fine. Works for a short while until those 2nd 2 start wondering why they are paying so much when the 1st 2 now pay nothing. So, they start paying less and less. So, as not to disrupt the gathering they like so much the 2 payers tighten up elsewhere so they can continue the gathering. Then the bartender decides to raise the price per beer again. Now, the 5th one pulls the 6th one aside and says - dude, I'd love to keep doing this, but my wife really wants that vacation, and I can't keep doing this. The 6th says- I hear ya, but it's such a good time. Don't tell the others, and I'll cover the difference. So, 5 and 6 keep paying this way for a while. Then number 6 stops showing up. Number 5 picks up the tab that week, but decides at that moment - no way I'm coming next week. The next week the first 4 show up, get their beers and spend their last night together bitching that 5 and 6 ditched them and left them holding the check.
Taxes, taxes, taxes
Reminds me of the parable that goes something like - 6 people meet for beers every week and all split the cost. Bartender decides, hey, they come every week, I'll double the price. 2 of the friends unfortunately can't afford the new price, so won't be coming. The other 4 are such good people they say, don't worry about it, just pay what you can. We like your company. Slowly, those 2 start paying less and less as they realize the other 4 are willing to cover more and more. After a while, the bartender decides - hey, they keep coming, let me raise the price again. Another 2 say they can't afford the new price. Well, the "remaining" 2 say - no worries. We can cover the difference, just pay what you had been paying, and we'll be fine. Works for a short while until those 2nd 2 start wondering why they are paying so much when the 1st 2 now pay nothing. So, they start paying less and less. So, as not to disrupt the gathering they like so much the 2 payers tighten up elsewhere so they can continue the gathering. Then the bartender decides to raise the price per beer again. Now, the 5th one pulls the 6th one aside and says - dude, I'd love to keep doing this, but my wife really wants that vacation, and I can't keep doing this. The 6th says- I hear ya, but it's such a good time. Don't tell the others, and I'll cover the difference. So, 5 and 6 keep paying this way for a while. Then number 6 stops showing up. Number 5 picks up the tab that week, but decides at that moment - no way I'm coming next week. The next week the first 4 show up, get their beers and spend their last night together bitching that 5 and 6 ditched them and left them holding the check.
Sorry. The world doesn't work the way you tell it to.
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Comments
in any case ... americans aren't taxed that high unless you're in a few select states/places ... compare american taxation rates to any other oecd country ... then understand that no country would consider americans socialists in any way ... so, if you think americans are paying too much tax and yet do not qualify as a socialist country ... where is all that money going to? ... perhaps fueling the MIC or tax breaks for coporations?
If you want to compare the US tax rate to other countries you have to factor in the % of income that you pay in the US for things that are provided for you in other countries. Depending on your income health care could be anywhere from 30% to 5% of your income.
The Golden Age is 2 months away. And guess what….. you’re gonna love it! (teskeinc 11.19.24)
1998: Noblesville; 2003: Noblesville; 2009: EV Nashville, Chicago, Chicago
2010: St Louis, Columbus, Noblesville; 2011: EV Chicago, East Troy, East Troy
2013: London ON, Wrigley; 2014: Cincy, St Louis, Moline (NO CODE)
2016: Lexington, Wrigley #1; 2018: Wrigley, Wrigley, Boston, Boston
2020: Oakland, Oakland: 2021: EV Ohana, Ohana, Ohana, Ohana
2022: Oakland, Oakland, Nashville, Louisville; 2023: Chicago, Chicago, Noblesville
2024: Noblesville, Wrigley, Wrigley, Ohana, Ohana
Clearly America has it bad, I mean, it's terrible living in the most comfortable society on Earth with our taxes driving us into oblivion.
So, now the main issue - let's say this type of migration (not that specifically sited in the article, but just a general movement when someone of their own volition decides - I move) causes a loss of even $100M in tax revenue. How is that made up? And who is less mobile and more apt to be on the hook (if we in fact ever intend to pay for all the stuff we like to buy)?
also - if your concern is about tax revenue loss due to migration ... maybe consider letting people into your country legally and allow them to earn a fair wage where they can contribute to the tax pool ... on top of that - maybe look to see how the panama papers show who's been avoiding contributing to the tax pool ...
That being said, you are arguing a totally different point. Even if they earned a "fair" wage, they'd be contributing very little to the tax pool (if at all).
As for avoiding taxes - I agree, but that's one in the same argument isn't it? Those are people that are leaving without leaving, but the concept is the same. I don't like that either, and it's illegal, but it only further serves to prove my point.
So, I will ask again - if you lose $100M in tax revenue who pays? (and that neglects to add all the ILLEGAL - as in breaking the law - "residents" you want the US to grant legal status to w/o following the same proper legal process that millions each year do).
"Life Is What Happens To You When Your Busy Making Other Plans" John Lennon
The Golden Age is 2 months away. And guess what….. you’re gonna love it! (teskeinc 11.19.24)
1998: Noblesville; 2003: Noblesville; 2009: EV Nashville, Chicago, Chicago
2010: St Louis, Columbus, Noblesville; 2011: EV Chicago, East Troy, East Troy
2013: London ON, Wrigley; 2014: Cincy, St Louis, Moline (NO CODE)
2016: Lexington, Wrigley #1; 2018: Wrigley, Wrigley, Boston, Boston
2020: Oakland, Oakland: 2021: EV Ohana, Ohana, Ohana, Ohana
2022: Oakland, Oakland, Nashville, Louisville; 2023: Chicago, Chicago, Noblesville
2024: Noblesville, Wrigley, Wrigley, Ohana, Ohana
You would never support that, would you?
Again, you're arguing how the money is migrating, I am asking - how are you going to pay for lost revenue when the money walks out the door and who is left holding the bag?
"Life Is What Happens To You When Your Busy Making Other Plans" John Lennon
Increase and enforce import taxes for those who walk away with their money but still want to sell the goods and services in America.
The Golden Age is 2 months away. And guess what….. you’re gonna love it! (teskeinc 11.19.24)
1998: Noblesville; 2003: Noblesville; 2009: EV Nashville, Chicago, Chicago
2010: St Louis, Columbus, Noblesville; 2011: EV Chicago, East Troy, East Troy
2013: London ON, Wrigley; 2014: Cincy, St Louis, Moline (NO CODE)
2016: Lexington, Wrigley #1; 2018: Wrigley, Wrigley, Boston, Boston
2020: Oakland, Oakland: 2021: EV Ohana, Ohana, Ohana, Ohana
2022: Oakland, Oakland, Nashville, Louisville; 2023: Chicago, Chicago, Noblesville
2024: Noblesville, Wrigley, Wrigley, Ohana, Ohana
Penalty for non-coverage. Oh. Good one. I'm not even sure that's a drop in the bucket. Whoo. Thank you. Needed a good laugh this afternoon.
keep laughing...it's the exact same plan that the repubs would have used. Romney was begging for it
The Golden Age is 2 months away. And guess what….. you’re gonna love it! (teskeinc 11.19.24)
1998: Noblesville; 2003: Noblesville; 2009: EV Nashville, Chicago, Chicago
2010: St Louis, Columbus, Noblesville; 2011: EV Chicago, East Troy, East Troy
2013: London ON, Wrigley; 2014: Cincy, St Louis, Moline (NO CODE)
2016: Lexington, Wrigley #1; 2018: Wrigley, Wrigley, Boston, Boston
2020: Oakland, Oakland: 2021: EV Ohana, Ohana, Ohana, Ohana
2022: Oakland, Oakland, Nashville, Louisville; 2023: Chicago, Chicago, Noblesville
2024: Noblesville, Wrigley, Wrigley, Ohana, Ohana
so, keep taxing and see what the rich do. Now, can you please answer my question - when they "leave" (which according to you they already have) who's paying for stuff?
you would think the revisionists on here had never heard of romneycare before. :facepalm:
"Well, you tell him that I don't talk to suckas."
"Well, you tell him that I don't talk to suckas."
All I know is that as a teacher, I've had to work two or three jobs to make it month to month for almost my entire career. The only time I was able to afford the luxury of only working one job was for a few years under the Bush tax cuts. Those of you living large may poo-poo a $200/month difference, but when you are living hand to mouth, it's huge. Then Obama came along, promising that people like me would be just fine, and Congress allowed the tax cut to expire. Guess who's working two jobs again? It's either that, or charging groceries and gas on a credit card the last week of the month.
I am not an economist and will not claim to understand the intricacies of the tax code, but it's fucked. I'm not married, I have no kids, no house, no charitable contributions. I'm not a farmer or a railroad worker, I'm not in school, nothing. The standard deduction is my only friend. It pisses me off to no end that the government uses the tax code for social engineering purposes -- to promote this or support that kind of lifestyle. It's bullshit. Why do I get no breaks just because I choose to be childless and I don't want to be tied to a house?
And these people who talk about these rates being so low compared to whatever measure . . . Do they count all the other myriad taxes and fees besides income? We pay sales tax, gas tax, meals tax, tourism tax, tolls on the highway, car taxes and tags, registrations, and inspections, communications tax, surcharges on electric and water, 2.5% on FOOD. I gotta pay the government just to eat!!!. . . If you add all that shit up, I'm easily forking 50% of my income over to some government entity. I'm being robbed blind!
Maybe I am wrong, but it doesn't match at all what my experience has been as a pretty lowly paid worker.
Edit*
You aren't being robbed blind, you are being overcharged, if that.
Our taxes go a long way towards maintaining this as the safest and most comfortable country on the planet.
50% of your income to the government on a teachers salary CANNOT BE TRUE
I would bet that you pay very little federal income tax. If you have a child you are paying $0 income tax so quit exaggerating.
The Golden Age is 2 months away. And guess what….. you’re gonna love it! (teskeinc 11.19.24)
1998: Noblesville; 2003: Noblesville; 2009: EV Nashville, Chicago, Chicago
2010: St Louis, Columbus, Noblesville; 2011: EV Chicago, East Troy, East Troy
2013: London ON, Wrigley; 2014: Cincy, St Louis, Moline (NO CODE)
2016: Lexington, Wrigley #1; 2018: Wrigley, Wrigley, Boston, Boston
2020: Oakland, Oakland: 2021: EV Ohana, Ohana, Ohana, Ohana
2022: Oakland, Oakland, Nashville, Louisville; 2023: Chicago, Chicago, Noblesville
2024: Noblesville, Wrigley, Wrigley, Ohana, Ohana