Welcome to MAGA. Please make sure your seat is in the fully upright position because you're getting screwed sans lubricant.Why do they need tax cuts when they always use loopholes to get out of the taxes they have to pay? This is not rhetorical question.
And why take money from the safety nets to do it?
Is this vague complaining about "loopholes" in the form of a loaded question supposed to be engaging?Why do they need tax cuts when they always use loopholes to get out of the taxes they have to pay?
This is not rhetorical question.
And why take money from the safety nets to do it?
Must be one of those one weird trick to get [ _____ ] things.I wish someone would tell me where these tax 'loopholes' are so I can get in on them and while you're at it tell the top 10% that pays 76% of all income taxes.
The "loopholes" are in the tax code. They're available to anyone whose conditions make them useful, but some of them have limited use for people in the middle income brackets. The wealthy are lucky enough that they usually don't need a tax cut. The theory, of course, going back at least to 1921, is that they'll invest the retained money, helping to grow business and the economy.Why do they need tax cuts when they always use loopholes to get out of the taxes they have to pay? This is not rhetorical question.
And why take money from the safety nets to do it
You will have to wait for one of the rich to explain their motives.That doesn't answer my question.
If you don't have an accountant who can find them for you, you probably don't qualify.I wish someone would tell me where these tax 'loopholes' are so I can get in on them and while you're at it tell the top 10% that pays 76% of all income taxes.
Yeah, it really does. The problem is you're looking for a logical, reasonable explanation and there isn't one. You're simply getting screwed.That doesn't answer my question.
Welcome Mikus 1975.Why do they need tax cuts when they always use loopholes to get out of the taxes they have to pay? This is not rhetorical question.
And why take money from the safety nets to do it?
2. Eliminate all forms of deductions, and simply tax the total gross income regardless of source.
Haven't mentioned business taxes.Worst idea ever.
Many business operate on low margins. Consider a firm that brings in $1 million in revenue and has $990,000 in expenses yielding a $10,000 profit. A 5% tax on revenue means this business would owe 50k in taxes. That is insanity.
Haven't mentioned business taxes.
It would eliminate the employer share of the current FICA tax, which should be accomplished by increasing the employees pay by the same amount. It could easily be accomplished by increasing the Federal minimum wage at the same time, say from $7.25/hr to $8.00/hr.What was your #1 point in post #11? It seemed to require (mandate?) businesses (employers?) to increase employee pay.
It would eliminate the employer share of the current FICA tax, which should be accomplished by increasing the employees pay by the same amount. It could easily be accomplished by increasing the Federal minimum wage at the same time, say from $7.25/hr to $8.00/hr.
I checked how the change I'm suggesting would have changed my taxes this year and it looks like I would have paid about $800 more.
They don't.Why do they need tax cuts when they always use loopholes to get out of the taxes they have to pay? This is not rhetorical question.
And why take money from the safety nets to do it?
Well then they could raise it more if they want, or just eliminate the employers from deducting a FICA tax from employees wages.Most states already have a higher MW.
This is what happens when you allow money to equal speech (see Citizens United). Also when supply side economics goes wild. Rich people will always think they shouldn't have to pay taxes because they drive society. We have seen this throughout history. It causes income disparity that eventually leads upheaval.Why do they need tax cuts when they always use loopholes to get out of the taxes they have to pay? This is not rhetorical question.
And why take money from the safety nets to do it?
This is what happens when you allow money to equal speech (see Citizens United). Also when supply side economics goes wild. Rich people will always think they shouldn't have to pay taxes because they drive society. We have seen this throughout history. It causes income disparity that eventually leads upheaval.
Even though the richest use loopholes, it often requires advanced tax planning, lawyers, and sometimes temporary costs. A legal tax cut, on the other hand , like a lowered corporate tax rate, is much simpler and safer. No gray areas. No audits. Just straight-up money in.Why do they need tax cuts when they always use loopholes to get out of the taxes they have to pay? This is not rhetorical question.
And why take money from the safety nets to do it?
Trump is working to make his 2017 tax cuts permanent for all of us. Include the rich. Democrats are fighting to block that so you, and most of u will be getting a tax raise.Why do they need tax cuts when they always use loopholes to get out of the taxes they have to pay? This is not rhetorical question.
And why take money from the safety nets to do it?
Trump is working to make his 2017 tax cuts permanent for all of us. Include the rich. Democrats are fighting to block that so you, and most of u will be getting a tax raise.
What "tax breaks for the rich?" They pay the highest rates and a percentage far greater than their number.You guys keep complaining about the debt and at the same time moan that tax breaks for the rich are always a good thing and should never be reversed to help pay that debt.
That has never worked.If you actually want to pay the debt then tax the rich at a previous level.
Yet another LW idiocy.The rich will still have more money than they can possibly spend and you may actually do the thing you claim to want which is paying back the debt.
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