Current Events > It is quite astonishing how much the poor get taxed.

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WingsOfGood 04/11/21 5:19:51 PM #1:	When you buy food and other needed things to live, government wants a cut. They also tax the seller for making money but for some reason they have to tax you for buying at the same time. In order to buy needed life goods, you need money. You get a job and make money, you get taxed for that. Decide that you overbought some good? You already paid taxes when you earned money to buy it, you paid taxes again when you bought it... NOT ENOUGH. You have to pay taxes again for selling a thing you bought and paid taxes twice over on already. But the government is broke! It is not enough! Meanwhile rich people pay basically 0 tax. Sure, they pay a guy to figure out how to pay 0 tax, but compared to the tax they owe, paying that guy is nothing. <cite>WingsOfGood posted [p:952721388] in It is quit... [t:79400203]...</cite> <quote>When you buy food and other needed things to live, government wants a cut. They also tax the seller for making money but for some reason they have to tax you for buying at the same time. In order to buy needed life goods, you need money. You get a job and make money, you get taxed for that. Decide that you overbought some good? You already paid taxes when you earned money to buy it, you paid taxes again when you bought it... NOT ENOUGH. You have to pay taxes again for selling a thing you bought and paid taxes twice over on already. But the government is broke! It is not enough! Meanwhile rich people pay basically 0 tax. Sure, they pay a guy to figure out how to pay 0 tax, but compared to the tax they owe, paying that guy is nothing. </quote> ... Copied to Clipboard!
The Trent 04/11/21 5:20:32 PM #2:	you seem confused, like rich people don't also pay tax when they buy things? --- i swear to God most of y'all cats just don't know The Trent you barely know yourself so i guess most of y'all should be offended <cite>The Trent posted [p:952721402] in It is quit... [t:79400203]...</cite> <quote>you seem confused, like rich people don't also pay tax when they buy things? </quote> ... Copied to Clipboard!
Jiek_Fafn 04/11/21 5:22:23 PM #4:	Rich people just self report sales taxes owed like we all did when we bought from Amazon ten years ago. --- PSN: Jiek <cite>Jiek_Fafn posted [p:952721461] in It is quit... [t:79400203]...</cite> <quote>Rich people just self report sales taxes owed like we all did when we bought from Amazon ten years ago. </quote> ... Copied to Clipboard!
WingsOfGood 04/11/21 5:27:40 PM #5:	The Trent posted... you seem confused, like rich people don't also pay tax when they buy things? Business expenses buddy <cite>WingsOfGood posted [p:952721607] in It is quit... [t:79400203]...</cite> <quote>The Trent posted... </cite> <quote>you seem confused, like rich people don't also pay tax when they buy things?</quote> Business expenses buddy </quote> ... Copied to Clipboard!
The Trent 04/11/21 5:28:39 PM #6:	yes, i know what business expenses are do you? --- i swear to God most of y'all cats just don't know The Trent you barely know yourself so i guess most of y'all should be offended <cite>The Trent posted [p:952721633] in It is quit... [t:79400203]...</cite> <quote>yes, i know what business expenses are do you? </quote> ... Copied to Clipboard!
CableZL 04/11/21 5:29:48 PM #7:	The part I hate the most is when people spend too much money from their bank accounts, they get charged more money that they don't have --- https://i.imgtc.com/d9Fc4Qq.gif https://i.imgtc.com/BKHTxYq.gif https://i.imgtc.com/vYYIuDx.jpg <cite>CableZL posted [p:952721660] in It is quit... [t:79400203]...</cite> <quote>The part I hate the most is when people spend too much money from their bank accounts, they get charged more money that they don't have </quote> ... Copied to Clipboard!
Broseph_Stalin 04/11/21 5:30:36 PM #8:	WingsOfGood posted... Meanwhile rich people pay basically 0 tax. how do people arrive at conclusions that are this far away from reality? <cite>Broseph_Stalin posted [p:952721685] in It is quit... [t:79400203]...</cite> <quote>WingsOfGood posted... </cite> <quote>Meanwhile rich people pay basically 0 tax.</quote> how do people arrive at conclusions that are this far away from reality? </quote> ... Copied to Clipboard!
Unsugarized_Foo 04/11/21 5:32:23 PM #9:	Broseph_Stalin posted... how do people arrive at conclusions that are this far away from reality? Dont give me this 50% of all taxes are paid by 1% of people and dont you dare back it up with credible sources --- "All I have is my balls and my word, and I don't break them for anyone!"-Tony Montana <cite>Unsugarized_Foo posted [p:952721737] in It is quit... [t:79400203]...</cite> <quote>Broseph_Stalin posted... </cite> <quote>how do people arrive at conclusions that are this far away from reality?</quote> Dont give me this 50% of all taxes are paid by 1% of people and dont you dare back it up with credible sources </quote> ... Copied to Clipboard!
WingsOfGood 04/11/21 5:33:37 PM #10:	Broseph_Stalin posted... how do people arrive at conclusions that are this far away from reality? How do you refuse to know this? https://www.forbes.com/sites/lisettevoytko/2020/12/09/americas-three-richest-people-are-now-positioned-to-pay-zero-state-income-tax/ https://medium.com/swlh/7-reasons-the-rich-dont-pay-taxes-57f6f7a4e208 <cite>WingsOfGood posted [p:952721771] in It is quit... [t:79400203]...</cite> <quote>Broseph_Stalin posted... </cite> <quote>how do people arrive at conclusions that are this far away from reality?</quote> How do you refuse to know this? https://www.forbes.com/sites/lisettevoytko/2020/12/09/americas-three-richest-people-are-now-positioned-to-pay-zero-state-income-tax/ https://medium.com/swlh/7-reasons-the-rich-dont-pay-taxes-57f6f7a4e208 </quote> ... Copied to Clipboard!
DravenRainrix 04/11/21 5:34:36 PM #11:	If a person has only $1000 and has to pay 20% in tax, won't they notice that loss way more than someone with $5000 that has to pay 20%? Me math no good --- Blah blah blah blah blah blah blah... Diddly do diddly do diddly do... <cite>DravenRainrix posted [p:952721808] in It is quit... [t:79400203]...</cite> <quote>If a person has only $1000 and has to pay 20% in tax, won't they notice that loss way more than someone with $5000 that has to pay 20%? Me math no good </quote> ... Copied to Clipboard!
Broseph_Stalin 04/11/21 5:36:51 PM #12:	WingsOfGood posted... https://www.forbes.com/sites/lisettevoytko/2020/12/09/americas-three-richest-people-are-now-positioned-to-pay-zero-state-income-tax/ No one pays income tax in Washington and Texas, did you read the article you posted lol? <cite>Broseph_Stalin posted [p:952721873] in It is quit... [t:79400203]...</cite> <quote>WingsOfGood posted... </cite> <quote>https://www.forbes.com/sites/lisettevoytko/2020/12/09/americas-three-richest-people-are-now-positioned-to-pay-zero-state-income-tax/</quote> No one pays income tax in Washington and Texas, did you read the article you posted lol? </quote> ... Copied to Clipboard!
WingsOfGood 04/11/21 5:37:02 PM #13:	DravenRainrix posted... If a person has only $1000 and has to pay 20% in tax, won't they notice that loss way more than someone with $5000 that has to pay 20%? Me math no good Correct. The more money you have, the less it matters when you need to pay for stuff. This is why loans focus mainly on being predatory to the poor. The rich can just pay them off when the want. The poor have to take out more loans to pay the loans they already have. Meanwhile the government smiles from tax. <cite>WingsOfGood posted [p:952721883] in It is quit... [t:79400203]...</cite> <quote>DravenRainrix posted... </cite> <quote>If a person has only $1000 and has to pay 20% in tax, won't they notice that loss way more than someone with $5000 that has to pay 20%? Me math no good</quote> Correct. The more money you have, the less it matters when you need to pay for stuff. This is why loans focus mainly on being predatory to the poor. The rich can just pay them off when the want. The poor have to take out more loans to pay the loans they already have. Meanwhile the government smiles from tax. </quote> ... Copied to Clipboard!
littlebro07 04/11/21 5:39:38 PM #14:	CableZL posted... The part I hate the most is when people spend too much money from their bank accounts, they get charged more money that they don't have just gave me a flashback to when I was like 19 and had $42 in my account bought something for $43 and instead of declining it put me negative $1 then charged me a $30 overdraft fee so I was negative $31 oh then Netflix and like four other pending charges came in each being approved for some fucking reason and each accruing another $30 charge it was my own mistake but holy fuck just decline it, dont fuck my finances over even further --- https://i.imgtc.com/MGGa6Os.gif <cite>littlebro07 posted [p:952721967] in It is quit... [t:79400203]...</cite> <quote>CableZL posted... </cite> <quote>The part I hate the most is when people spend too much money from their bank accounts, they get charged more money that they don't have</quote> just gave me a flashback to when I was like 19 and had $42 in my account bought something for $43 and instead of declining it put me negative $1 then charged me a $30 overdraft fee so I was negative $31 oh then Netflix and like four other pending charges came in each being approved for some fucking reason and each accruing another $30 charge it was my own mistake but holy fuck just decline it, dont fuck my finances over even further </quote> ... Copied to Clipboard!
WingsOfGood 04/11/21 5:40:43 PM #15:	Broseph_Stalin posted... No one pays income tax in Washington and Texas, did you read the article you posted lol? https://www.yahoo.com/now/kind-taxes-top-company-execs-213000482.html Musk is living proof of just how complex high-level CEO compensation packagesand their tax implicationscan be. Musk received $2.3 billion in stock options from Tesla in 2018, but he actually earned $0 in total compensation. Thats because pay packages can be structured to satisfy SEC reporting requirements without considering the actual value of what an executive really receives. Had that money been taxed at a rate of 37% in the highest tax bracket like standard W2 salary, Musk would have paid about $851 million in taxes. <cite>WingsOfGood posted [p:952721998] in It is quit... [t:79400203]...</cite> <quote>Broseph_Stalin posted... </cite> <quote>No one pays income tax in Washington and Texas, did you read the article you posted lol?</quote> https://www.yahoo.com/now/kind-taxes-top-company-execs-213000482.html <quote>Musk is living proof of just how complex high-level CEO compensation packagesand their tax implicationscan be. Musk received $2.3 billion in stock options from Tesla in 2018, but he actually earned $0 in total compensation. Thats because pay packages can be structured to satisfy SEC reporting requirements without considering the actual value of what an executive really receives. Had that money been taxed at a rate of 37% in the highest tax bracket like standard W2 salary, Musk would have paid about $851 million in taxes. </quote> </quote> ... Copied to Clipboard!
WingsOfGood 04/11/21 5:41:46 PM #16:	littlebro07 posted... it was my own mistake but holy f* just decline it, dont f* my finances over even further Why would they do that? Fees generate revenue. <cite>WingsOfGood posted [p:952722033] in It is quit... [t:79400203]...</cite> <quote>littlebro07 posted... </cite> <quote>it was my own mistake but holy f* just decline it, dont f* my finances over even further</quote> Why would they do that? Fees generate revenue. </quote> ... Copied to Clipboard!
CableZL 04/11/21 5:46:51 PM #17:	littlebro07 posted... just gave me a flashback to when I was like 19 and had $42 in my account bought something for $43 and instead of declining it put me negative $1 then charged me a $30 overdraft fee so I was negative $31 oh then Netflix and like four other pending charges came in each being approved for some fucking reason and each accruing another $30 charge it was my own mistake but holy fuck just decline it, dont fuck my finances over even further Yeah, I hated that kind of shit. You go to sleep thinking you have like $5 left and you wake up like $30 or more in the whole depending on how many automatic charges happen. And the way it USED to work was that even on your pay days: Current balance: $10 New direct deposit: $1000 Automatic charges: $15, $20, $12, $25 Banks USED to charge you for those automatic charges before they counted your paycheck. So you'd get 4 overdraft fees taken out and THEN your paycheck deposited. The Obama administration put in a law to stop that. --- https://i.imgtc.com/d9Fc4Qq.gif https://i.imgtc.com/BKHTxYq.gif https://i.imgtc.com/vYYIuDx.jpg <cite>CableZL posted [p:952722198] in It is quit... [t:79400203]...</cite> <quote>littlebro07 posted... </cite> <quote>just gave me a flashback to when I was like 19 and had $42 in my account bought something for $43 and instead of declining it put me negative $1 then charged me a $30 overdraft fee so I was negative $31 oh then Netflix and like four other pending charges came in each being approved for some fucking reason and each accruing another $30 charge it was my own mistake but holy fuck just decline it, dont fuck my finances over even further</quote> Yeah, I hated that kind of shit. You go to sleep thinking you have like $5 left and you wake up like $30 or more in the whole depending on how many automatic charges happen. And the way it USED to work was that even on your pay days: Current balance: $10New direct deposit: $1000Automatic charges: $15, $20, $12, $25 Banks USED to charge you for those automatic charges before they counted your paycheck. So you'd get 4 overdraft fees taken out and THEN your paycheck deposited. The Obama administration put in a law to stop that. </quote> ... Copied to Clipboard!
bluezero 04/11/21 5:47:14 PM #18:	WingsOfGood posted... How do you refuse to know this? https://www.forbes.com/sites/lisettevoytko/2020/12/09/americas-three-richest-people-are-now-positioned-to-pay-zero-state-income-tax/ https://medium.com/swlh/7-reasons-the-rich-dont-pay-taxes-57f6f7a4e208 Original argument: The poor pay taxes 3 times when they buy things. Counterpoint: The rich also buy things. New argument: I was only talking about income tax! --- https://imgur.com/hBtvVNu <cite>bluezero posted [p:952722206] in It is quit... [t:79400203]...</cite> <quote>WingsOfGood posted... </cite> <quote>How do you refuse to know this? https://www.forbes.com/sites/lisettevoytko/2020/12/09/americas-three-richest-people-are-now-positioned-to-pay-zero-state-income-tax/ https://medium.com/swlh/7-reasons-the-rich-dont-pay-taxes-57f6f7a4e208</quote>Original argument: The poor pay taxes 3 times when they buy things. Counterpoint: The rich also buy things. New argument: I was only talking about income tax! </quote> ... Copied to Clipboard!
Broseph_Stalin 04/11/21 5:48:15 PM #19:	WingsOfGood posted... https://www.yahoo.com/now/kind-taxes-top-company-execs-213000482.html Musk is living proof of just how complex high-level CEO compensation packagesand their tax implicationscan be. Musk received $2.3 billion in stock options from Tesla in 2018, but he actually earned $0 in total compensation. Thats because pay packages can be structured to satisfy SEC reporting requirements without considering the actual value of what an executive really receives. Had that money been taxed at a rate of 37% in the highest tax bracket like standard W2 salary, Musk would have paid about $851 million in taxes. I don't think you understand what stock options are. <cite>Broseph_Stalin posted [p:952722239] in It is quit... [t:79400203]...</cite> <quote>WingsOfGood posted... </cite> <quote>https://www.yahoo.com/now/kind-taxes-top-company-execs-213000482.html Musk is living proof of just how complex high-level CEO compensation packagesand their tax implicationscan be. Musk received $2.3 billion in stock options from Tesla in 2018, but he actually earned $0 in total compensation. Thats because pay packages can be structured to satisfy SEC reporting requirements without considering the actual value of what an executive really receives. Had that money been taxed at a rate of 37% in the highest tax bracket like standard W2 salary, Musk would have paid about $851 million in taxes.</quote> I don't think you understand what stock options are. </quote> ... Copied to Clipboard!
WingsOfGood 04/11/21 5:49:26 PM #20:	bluezero posted... Original argument: The poor pay taxes 3 times when they buy things. Counterpoint: The rich also buy things. New argument: I was only talking about income tax! If they avoid income tax, then they aren't taxed 3 times. <cite>WingsOfGood posted [p:952722275] in It is quit... [t:79400203]...</cite> <quote>bluezero posted... </cite> <quote>Original argument: The poor pay taxes 3 times when they buy things. Counterpoint: The rich also buy things. New argument: I was only talking about income tax!</quote> If they avoid income tax, then they aren't taxed 3 times. </quote> ... Copied to Clipboard!
CobraGT 04/11/21 6:07:21 PM #21:	I learned something more astonishing. The poor will donate a larger percentage of their wealth even though the wealthy have a larger margin of disposable income. --- GoldenSun/Crossbone Isle diagrams/ 18 teams known https://photobucket.com/u/SwordOfWheat/a/9990a2ee-25f3-4242-ae79-7d2d4b882be4 <cite>CobraGT posted [p:952722814] in It is quit... [t:79400203]...</cite> <quote>I learned something more astonishing. The poor will donate a larger percentage of their wealth even though the wealthy have a larger margin of disposable income. </quote> ... Copied to Clipboard!
WingsOfGood 04/11/21 6:12:32 PM #22:	CobraGT posted... I learned something more astonishing. The poor will donate a larger percentage of their wealth even though the wealthy have a larger margin of disposable income. That is pretty astonishing. <cite>WingsOfGood posted [p:952722989] in It is quit... [t:79400203]...</cite> <quote>CobraGT posted... </cite> <quote>I learned something more astonishing. The poor will donate a larger percentage of their wealth even though the wealthy have a larger margin of disposable income.</quote> That is pretty astonishing. </quote> ... Copied to Clipboard!
Unsugarized_Foo 04/11/21 7:45:15 PM #23:	Wealth isn't exactly money. Rich folk have more value tied up in things. Itd be like donating equity in your house to the red cross --- "All I have is my balls and my word, and I don't break them for anyone!"-Tony Montana <cite>Unsugarized_Foo posted [p:952725776] in It is quit... [t:79400203]...</cite> <quote>Wealth isn't exactly money. Rich folk have more value tied up in things. Itd be like donating equity in your house to the red cross </quote> ... Copied to Clipboard!
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FL81 04/11/21 7:49:56 PM #25:	WingsOfGood posted... When you buy food and other needed things to live, government wants a cut. They also tax the seller for making money but for some reason they have to tax you for buying at the same time. In order to buy needed life goods, you need money. You get a job and make money, you get taxed for that. Decide that you overbought some good? You already paid taxes when you earned money to buy it, you paid taxes again when you bought it... NOT ENOUGH. You have to pay taxes again for selling a thing you bought and paid taxes twice over on already. But the government is broke! It is not enough! Meanwhile rich people pay basically 0 tax. Sure, they pay a guy to figure out how to pay 0 tax, but compared to the tax they owe, paying that guy is nothing. Taxation is theft --- Thanks to Proofpyros for the sig images https://imgur.com/Nv4Pi1v https://imgur.com/N43HJYv <cite>FL81 posted [p:952725918] in It is quit... [t:79400203]...</cite> <quote>WingsOfGood posted... </cite> <quote>When you buy food and other needed things to live, government wants a cut. They also tax the seller for making money but for some reason they have to tax you for buying at the same time. In order to buy needed life goods, you need money. You get a job and make money, you get taxed for that. Decide that you overbought some good? You already paid taxes when you earned money to buy it, you paid taxes again when you bought it... NOT ENOUGH. You have to pay taxes again for selling a thing you bought and paid taxes twice over on already. But the government is broke! It is not enough! Meanwhile rich people pay basically 0 tax. Sure, they pay a guy to figure out how to pay 0 tax, but compared to the tax they owe, paying that guy is nothing.</quote>Taxation is theft </quote> ... Copied to Clipboard!
KBGiantsfan 04/11/21 7:56:45 PM #26:	I agree on some of this stuff. For example, if I buy a new car for lets say $20,000. I have to pay taxes on it, fine, done. Now, 5 years later if I sell this car the person who buys it next also has to pay taxes, well I already paid those taxes when I bought it but whatever I guess? Then that guy sells the car and repeat. --- PSN: KBGiantsfan My Youtube: http://www.youtube.com/user/kblunt420?feature=mhee <cite>KBGiantsfan posted [p:952726119] in It is quit... [t:79400203]...</cite> <quote>I agree on some of this stuff. For example, if I buy a new car for lets say $20,000. I have to pay taxes on it, fine, done. Now, 5 years later if I sell this car the person who buys it next also has to pay taxes, well I already paid those taxes when I bought it but whatever I guess? Then that guy sells the car and repeat. </quote> ... Copied to Clipboard!
WingsOfGood 04/11/21 8:04:19 PM #27:	KBGiantsfan posted... I agree on some of this stuff. For example, if I buy a new car for lets say $20,000. I have to pay taxes on it, fine, done. Now, 5 years later if I sell this car the person who buys it next also has to pay taxes, well I already paid those taxes when I bought it but whatever I guess? Then that guy sells the car and repeat. Infinite taxation Free Freeee Freeeeeeew Govt tendies <cite>WingsOfGood posted [p:952726319] in It is quit... [t:79400203]...</cite> <quote>KBGiantsfan posted... </cite> <quote>I agree on some of this stuff. For example, if I buy a new car for lets say $20,000. I have to pay taxes on it, fine, done. Now, 5 years later if I sell this car the person who buys it next also has to pay taxes, well I already paid those taxes when I bought it but whatever I guess? Then that guy sells the car and repeat.</quote> Infinite taxation Free Freeee Freeeeeeew Govt tendies </quote> ... Copied to Clipboard!
WingsOfGood 04/11/21 8:04:52 PM #28:	totalnerdken posted... "hey, I have this extra Mercedes I don't need, you can have it buddy". Oh wow. Also likely didn't pay gift tax. <cite>WingsOfGood posted [p:952726343] in It is quit... [t:79400203]...</cite> <quote>totalnerdken posted... </cite> <quote>"hey, I have this extra Mercedes I don't need, you can have it buddy".</quote> Oh wow. Also likely didn't pay gift tax. </quote> ... Copied to Clipboard!
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Current Events > It is quite astonishing how much the poor get taxed. (+) Yeah! (+)

Current Events > It is quite astonishing how much the poor get taxed.