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Never attempt to teach a pig to sing; it wastes your time and annoys the pig.
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Give a man an inch and right away he thinks he's a ruler
Groucho Marx
I love mankind…it’s people I can’t stand.
Linus, from the Peanuts comic
You cannot have liberty without morality and morality without faith
Alexis de Torqueville
Those who fail to learn from the past are condemned to repeat it.
Those who learn from the past are condemned to watch everybody else repeat it
A Zero Hedge comment
Exactly, to get the wealthy to "pay their fair share" and not to, as is now the case, furthermore burden those whom are non-well-to-do. Besides this in many respects income taxes operate exactly like tariffs, basically, as internal tariffs on all profit making activities and objects.
Last edited by Weston White; 10-25-2017 at 11:45 PM.
“The object of life is not to be on the side of the majority, but to escape finding one’s self in the ranks of the insane.” — Marcus Aurelius
“They’re not buying it. CNN, you dumb bastards!” — President Trump 2020
Consilio et Animis de Oppresso Liber
We have long had death and taxes as the two standards of inevitability. But there are those who believe that death is the preferable of the two. "At least," as one man said, "there's one advantage about death; it doesn't get worse every time Congress meets."
Erwin N. Griswold
Taxes: Of life's two certainties, the only one for which you can get an automatic extension.
Anonymous
Fear of man will prove to be a snare, but whoever trusts in the LORD is kept safe. Proverbs 29:25
"I think the propaganda machine is the biggest problem that we face today in trying to get the truth out to people."
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The goal with taxation should be minimizing the total burden on society.
If the legitimate functions of the state require, say, $200 billion/year, the goal should be to collect that $200 billion as efficiently as possible. A tax system which costs $10 billion to administer is always better than one which costs $20 billion, all else being equal. Which tax system has the least overhead (in terms of auditors, evasion costs, compliance costs by the taxpayers themselves, etc)? It's somewhat debatable, but IMO the answer is property tax. Sales tax, excise, or VAT are also sensible options. The income tax is one of the least efficient taxes; this is because of the inherent difficulty of calculating this figure called "income."
Pfizer Macht Frei!
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Quiz: Test Your "Income" Tax IQ!
Short Income Tax Video
The Income Tax Is An Excise, And Excise Taxes Are Privilege Taxes
The Federalist Papers, No. 15:
Except as to the rule of appointment, the United States have an indefinite discretion to make requisitions for men and money; but they have no authority to raise either by regulations extending to the individual citizens of America.
I don't think this is entirely correct. The administrative costs of imposed income taxes are shifted onto each business payroll departments, they do all the work and electronically submit the data to the SSA/IRS, computer software is just kept updated which processes the ever changing rules and percentages, sends out the paperwork using the USPS for free, etc. As well the income tax affords a multi-billion dollar a year industries, between tax software, CPA professions, college degrees and professional certifications, paperwork printing and circulating, attorney fees and court costs, etc.
“The object of life is not to be on the side of the majority, but to escape finding one’s self in the ranks of the insane.” — Marcus Aurelius
“They’re not buying it. CNN, you dumb bastards!” — President Trump 2020
Consilio et Animis de Oppresso Liber
A conservative estimate of compliance costs, counting only outright filing costs (not paperwork costs through the year, etc) is $37 billion.
https://taxfoundation.org/cost-tax-compliance/
Digging ditches and filling them in doesn't help anyone.As well the income tax affords a multi-billion dollar a year industries, between tax software, CPA professions, college degrees and professional certifications, paperwork printing and circulating, attorney fees and court costs, etc.
...is that you John Maynard?
Is that a trick question? Every form of taxation is great, in its own wayWhich form of taxation is best?
- Kim KardashianIt's all about taking action and not being lazy. So you do the work, whether it's fitness or whatever. It's about getting up, motivating yourself and just doing it.
Donald Trump / Crenshaw 2024!!!!
My pronouns are he/him/his
I think a tax on Universal Basic Income would be great. The UBI program would basically pay for itself, with the taxes it collects from itself.
- Kim KardashianIt's all about taking action and not being lazy. So you do the work, whether it's fitness or whatever. It's about getting up, motivating yourself and just doing it.
Donald Trump / Crenshaw 2024!!!!
My pronouns are he/him/his
Tariffs effect all kinds of goods- not just "junk you don't buy anyways". We import oil for energy. We import foods. Domestic manufacturers use imported parts to produce their goods. They reduce competition for domestic producers- allowing them to get away with less efficiency and allowing them to charge higher prices than they otherwise would. And if we institute high tariffs, countries we trade with will likely impose tariffs on goods we sell to them- costing exporters jobs. It is a mistake to think you would not be impacted by high tariffs on imported goods.
At current spending levels, tariffs would have to be 200% and cover everything we import- including energy and food.
I can use the savings I get from not buying nasty pre packaged foreign imitation food stuffs on more American things like Bourbon .
- Kim KardashianIt's all about taking action and not being lazy. So you do the work, whether it's fitness or whatever. It's about getting up, motivating yourself and just doing it.
Donald Trump / Crenshaw 2024!!!!
My pronouns are he/him/his
I suppose it is very correct to state that the current system of taxation is Keynesian. It is in itself a highly profitable industry--while the government shifts all burdens of it unto the public under the theory of "voluntary-compliance."
https://www.franchisehelp.com/indust...dustry-report/
“The object of life is not to be on the side of the majority, but to escape finding one’s self in the ranks of the insane.” — Marcus Aurelius
“They’re not buying it. CNN, you dumb bastards!” — President Trump 2020
Consilio et Animis de Oppresso Liber
Keynes on taxes: https://econdiaries.wordpress.com/20...s-on-taxation/
The avoidance of taxes is the only intellectual pursuit that still carries any reward. Taxation is a device used to implement wrongful money extracting from the citizens of the United States. At this rate most ideas or implemented theories on the current economic government will eventually die out. I concur that the optimal opinion of the people would to lower taxes in each state. It makes economical sense to do according to the research I submitted many years ago. A simple theory I proposed logically makes sense, and many Americans can take it into accordance. Put modestly if inflation is lowered then that will result in employers making capital investments, which would then have an outcome of hiring more employees. This will hence leave to major investment created by investors, which will then restore the economy and mend the failing growth. The fact that other economists believe that taxes are beneficial are completely incorrect. It is quite a blasphemy that the hard-working American citizens should have to pay extra money to a government economical system, which is clearly failing. Employers will not increase employees to produce items, which will not be sold due to an incompetent demand.(on the debt problem, cutting taxes and hoping the economy will then produce enough economic growth to replace the tax cuts has not turned out to work in reality but you can't tax your way to prosperity either).Raising taxes does not improve the problem, it just creates an even grander one. Once again repeating my previous statements, the solution is to not raise taxes. Even though it seems by looking at much of the data the tax rates have been lower, the government creates hidden taxes. With so many taxes being in the modern world, I am quite content I am not living in this era. This generation will be swimming in debt and recession if the taxes are not regulated or lowered. It seems there is taxation on telephones, gas, cable, almost everything, which can cause inflation and higher prices of goods. It seems nothing I said in regards to taxes have stuck with this government. Back in my day my theories were proven, but it seems today there is no logic involved with decision-making. Why should the government raise taxes if I have repeatedly stated taxes should be lowered in order to get out of a recession? All in all, like I have stated throughout my entire rant….the solution to get out of debt is to not tax the citizens.
His main purpose for cutting taxes was to spur economic growth during a recession. Aside from that, he was probably a lot more Libertarian than people realize.
Last edited by Zippyjuan; 10-27-2017 at 10:26 PM.
Never attempt to teach a pig to sing; it wastes your time and annoys the pig.
Robert Heinlein
Give a man an inch and right away he thinks he's a ruler
Groucho Marx
I love mankind…it’s people I can’t stand.
Linus, from the Peanuts comic
You cannot have liberty without morality and morality without faith
Alexis de Torqueville
Those who fail to learn from the past are condemned to repeat it.
Those who learn from the past are condemned to watch everybody else repeat it
A Zero Hedge comment
Any tax is pure theft. All we wouldn't do is tax. Do you want to work? Pay the tax. Do you want to live in a lovely apartment? Pay the tax. They are all the same, so I do not choose the form here, probably the usual one. Yes, and to avoid significant taxes, I work unofficially (under a contract, but almost officially). Still, there is also an additional income on how to make good money quickly, where I do not need to worry about the tax. I choose not to pay taxes, so I am looking for ways to earn money, where they will not steal the money that I made them.
Last edited by Santa01; 04-25-2021 at 01:41 PM.
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