why does government get 35% of my investment? after 40% pay and 10% sales? tax?

Discussion in 'Budget & Taxes' started by taxrentonly, Feb 16, 2014.

  1. taxrentonly

    taxrentonly Banned

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    wtf?

    I mean 50% of my money gone before you even factor in the regulator compliace costs, costs of dealing with IRS and taxes, costs of gas tax, union costs driving up prices of everything and being a hidden cost in price of almost all good I eat, costs of giving welfare to non workers, moms who had kids they can't pay for, prisoners who deserve only bread and water geting nintendo games and cable and fruit.....foriegn aid to fatcat politicians in countries far away....

    this stuff is insane
     
  2. FreshAir

    FreshAir Well-Known Member Past Donor

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    " why does government get 35% of my investment?"

    they do not.... they only get a percent of your investments income, not 35% of your entire investment

    gotta pay for those two ten year wars yet... though I would give our military men and women a tax break after they came home, just cause they deserve it


    .
     
  3. Mr_Truth

    Mr_Truth Well-Known Member

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    What are you bellyaching about?

    Don't you like foreign wars upon imaginary enemies?

    Don't you want to give billions to SOCIALIST Israel and finance its health care?

    Don't you enjoy giving trillions in welfare to wealthy corporations?

    Doesn't the idea of wealthy elites sheltering trillions of dollars in overseas tax free accounts thrill you?



    Welfare for the rich isn't "insane"!

    As every Republican knows it is your patriotic duty, your privilege, your absolute pleasure to give away your money to the elites.

    Why, only a commie rat-pinko of the lowest order would object to that.

    Well, at least that's what the right wingers say or think.
     
  4. toddwv

    toddwv Well-Known Member Past Donor

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    Somebody has to pay the oil companies twice when they clean up the messes that they're own malfeasance made.

    http://www.reuters.com/article/2014/02/10/us-usa-environment-tanks-idUSBREA1905G20140210

    Also, whose going to ensure the losses of the financial industries when they decide to defraud our economy?
     
  5. Hoosier8

    Hoosier8 Well-Known Member Past Donor

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    That is what left wingers say about right wingers. Doesn't have to be true but their fantasy is really appealing to them.
     
  6. BritishBoy

    BritishBoy New Member

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    Couldn't agree more.
     
  7. Pro-Consul

    Pro-Consul Banned

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    What kind of business are you in?
    I know that the laws are different in the US but maybe I can throw a few hints as I've run my own business although I quit quite recently.
     
  8. OldManOnFire

    OldManOnFire Well-Known Member

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    Didn't someone used to proclaim a 'tax free day' which was a date in the year when the average person had worked enough to pay for all the taxation which applied to them? I don't know, but if this used to be April 30th, then I'm guessing today it is more like August 30th! It is literally true that between federal, state, county, and city governments we do tax everything that moves...and once it's dead and stops moving we tax it some more...
     
  9. xGremlin

    xGremlin New Member

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    Short answer: monopoly on force.

    Government is a proven failure.
     
  10. PCFExploited

    PCFExploited New Member

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    Oh Gremlin. The number of times I've heard you say that...
     
  11. taxrentonly

    taxrentonly Banned

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    I think we should just go ahead and end the income tax, and cap gain taax too, hek death tax, and gift tax too
     
  12. xGremlin

    xGremlin New Member

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    In all fairness, you have never heard me say anything. ;)
     
  13. PCFExploited

    PCFExploited New Member

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    Touche, sir.
     
  14. Mr_Truth

    Mr_Truth Well-Known Member

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    Wrong kiddo - just the opposite of what you say and that's the TRUTH.
     
  15. cjm2003ca

    cjm2003ca Active Member

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    that used to be in april when i was much younger now it is in august..yes that is insane..this is why the middle class is struggling
     
  16. OldManOnFire

    OldManOnFire Well-Known Member

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    It's about a government which is out of control regarding spending! We have $17 trillion in debt and are adding a minimum of $500 billion more debt each year which will increase to $1 trillion per year again in a few years to fund the Obamacare subsidies. Reading about the F35 jet fighter plane the program is $163 BILLION over budget! It's as if money has zero meaning!

    This is not an issue about the middle class or the wealthy...it is an issue of an out of control government hell bent on spending...
     
  17. Pro-Consul

    Pro-Consul Banned

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    Well I agree with ending inheritance tax (death tax)
    Income tax should be reduced although that's unlikely depending upon income.
    I don't think that we have gift tax or at least I haven't encountered it.

    As for capital gain well it should relate to how much you get in return which I think it does.

    I don't know all the ins and out of the UK tax system but a bit more than most.
     
  18. Mr_Truth

    Mr_Truth Well-Known Member

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    Just a reminder that under Nixon, Reagan, Bush I, and Bush II the standard created by Republicans was, in the words of VP Cheney, deficits don't matter. Therefore, those from the right wing have no complaint today.
     
  19. taxrentonly

    taxrentonly Banned

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    great post

    when you understand that government restrictions and spending hurt everyone

    you get it
     
  20. taxrentonly

    taxrentonly Banned

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    dont forget obama addde 11T to 8T deficit in 2008 and no dont try n sloff few T onto bush
    all obama spending he coulda stopped
     
  21. OldManOnFire

    OldManOnFire Well-Known Member

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    Unfortunately government spending is not a partisan issue...both parties spend more than they take in...always have and always will. Blaming one stupid political party over another stupid political party is well...stupid.
     
  22. OldManOnFire

    OldManOnFire Well-Known Member

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    People are up in arms about the cost of health care yet our federal government is spending $3.8 trillion this year...most of which is taken out of the private sector/economy. People should be paying close attention to why the federal government needs to spend nearly $4 trillion?
     
  23. Alwayssa

    Alwayssa New Member

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    Technically, the debt is about $11 trillion if you factor out the IOU's from SS because those IOU"s is not real debt.

    Furthemrore, government is not out of control. The problem is that government does not want to fund fully the programs nor pay for those programs. This idea goes all the way back to 1776 when the Continental Congress borrowed money to poorly equip a field army to resist the British. Same thing here. Given that tax fraud is rampant now because enfocement of the tax has been gutted by the GOP, it is no wonder that we have to borrow money for day to day operations.
     
  24. OldManOnFire

    OldManOnFire Well-Known Member

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    Technically debt is debt and the USA is paying interest on the $17 trillion debt no matter where the debt stems from...debt is debt.

    Government has little choice but to reduce it's spending or increase taxation...accumulating more debt paying $450 billion today in annual interest and who knows how much tomorrow is on it's way to the single largest budget item...and we get absolutely nothing for this expense! Government is out of control when they are $163 BILLION over budget on a stupid fighter jet and over-budget and in deficit spending on another $500+ BILLION.
     
  25. Alwayssa

    Alwayssa New Member

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    Stating that IOU's are debt is like saying your wife owes you money on your joint bank account.,

    The key is publicly held debt. And that is what all entities do. Having debt has benefits and consequences and the argument is how to manage debt, not avoid it.

    Again, we have had debt way before this country was founded and it has not burdened us to the extent that you are saying. It does not hinder Fortune 500 companies, generally, that have debt to equity ratios of 3 to 1 up to 4 to 1 or debt to assets ration of .8 to 1 up to 1.2 to 1.
     

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