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Author Topic: Who Pays Taxes in America?  (Read 49583 times)

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Offline OkiMar

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Re: Who Pays Taxes in America?
« Reply #75 on: October 08, 2008, 07:10:39 PM »

(Data from the IRS)
Everyone should pay tax. Everyone should contribute. I am in favor of a national sales tax on everything from gum to real estate.

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Re: Who Pays Taxes in America?
« Reply #75 on: October 08, 2008, 07:10:39 PM »

sanctusivo

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Re: Who Pays Taxes in America?
« Reply #76 on: October 09, 2008, 05:06:00 AM »
Everyone should pay tax. Everyone should contribute. I am in favor of a national sales tax on everything from gum to real estate.
Everyone already does, son, at least up to $97,500 in earned income.

This tunnel-vision preoccupation by some with income tax ignores the fact that everyone in the U.S. pays payroll tax on earned income, the vast majority of which pay tax on each and every earned dollar.

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Re: Who Pays Taxes in America?
« Reply #76 on: October 09, 2008, 05:06:00 AM »

Offline Mere Nick

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Re: Who Pays Taxes in America?
« Reply #77 on: October 10, 2008, 07:37:12 AM »
But not always as much as one sees in the FICA/Medicare portion when one considers the EIC.

Offline fanuvmxpx

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Re: Who Pays Taxes in America?
« Reply #78 on: November 01, 2008, 01:24:32 AM »
What's wrong with wanting a tax refund on your welfare & food stamp income? hey, it got them a house for like 4 years and destroyed our economy.

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Re: Who Pays Taxes in America?
« Reply #78 on: November 01, 2008, 01:24:32 AM »

Lou

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Re: Who Pays Taxes in America?
« Reply #79 on: November 06, 2008, 08:40:32 AM »
Conservatives believe that taxes are for raising revenue.  Liberals believe that taxes are for spreading the wealth around.  That's why they oppose tax cuts so much.  They believe it is justice to take one person's income and give it to another.  If one person keeps his wages another person can't have it.

A parallel issue is how little people who "spread the wealth" support real charity.  Take the Obamas and Bidens.  The Obamas earned about $1,200,000 between 2000-04 but gave less than 1% to charity.  The Bidens have earned over $200,000 for many years, but have never given as much as $1,000 in any year.  We could call them Ebenezer Scrooge and Jacob Marley.

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Re: Who Pays Taxes in America?
« Reply #79 on: November 06, 2008, 08:40:32 AM »



Offline Dufrdan

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Re: Who Pays Taxes in America?
« Reply #80 on: November 06, 2008, 10:27:08 AM »
One of the biggest misconceptions within the electorate is that businesses pay taxes.  Businesses do NOT pay taxes -- their customers pay the tax thru increased prices/fees charged by business.

While I'm not so naive to think that if all government taxes on business were suddenly lifted that prices/fees would be reduced, I do know that when those taxes are increased, the prices/fees DO increase.

Dan

Offline fanuvmxpx

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Re: Who Pays Taxes in America?
« Reply #81 on: November 06, 2008, 11:24:32 AM »
One of the biggest misconceptions within the electorate is that businesses pay taxes.  Businesses do NOT pay taxes -- their customers pay the tax thru increased prices/fees charged by business.

While I'm not so naive to think that if all government taxes on business were suddenly lifted that prices/fees would be reduced, I do know that when those taxes are increased, the prices/fees DO increase.

Dan

My business pays taxes every year. And yes, accounting wise you can pass those tax increases onto employees and/or consumers, but your still taxed. The business isn't forced to charge more to consumers, they just want to so they can keep the same level of retained earnings. In fact, principals of the business could even pay themselves less to compensate for the losses (Wallstreet you listening?).

I don't like Obama's tax plan either, just pointing stuff out.

Offline Dufrdan

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Re: Who Pays Taxes in America?
« Reply #82 on: November 06, 2008, 11:54:38 AM »
fanuvfxpx wrote:  My business pays taxes every year. And yes, accounting wise you can pass those tax increases onto employees and/or consumers, but your still taxed. The business isn't forced to charge more to consumers, they just want to so they can keep the same level of retained earnings. In fact, principals of the business could even pay themselves less to compensate for the losses (Wallstreet you listening?).

Dan responds:  If your taxes were to suddenly increaso by 50% I expect your prices would increase the same 50% to maintain the same profit margin.  True?

Offline fanuvmxpx

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Re: Who Pays Taxes in America?
« Reply #83 on: November 06, 2008, 01:30:51 PM »
Dan responds:  If your taxes were to suddenly increaso by 50% I expect your prices would increase the same 50% to maintain the same profit margin.  True?
I just said that: "The business isn't forced to charge more to consumers, they just want to so they can keep the same level of retained earnings". A tax increase hits all business hard, but so do greedy boards who refuse to take lower salaries & bonuses when their companies are fiscally failing. That's all I was saying.

Also, why would taxes increase by 50%? Collapsing an economy is not a good way to come out of a recession.

Offline Dufrdan

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Re: Who Pays Taxes in America?
« Reply #84 on: November 06, 2008, 01:46:16 PM »
I just picked a number.

The bottom line holds:  business do not pay taxes, the consumer does.

Offline fanuvmxpx

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Re: Who Pays Taxes in America?
« Reply #85 on: November 06, 2008, 06:04:37 PM »
I just picked a number. The bottom line holds:  business do not pay taxes, the consumer does.

Sad, but true

Offline Fizzy

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Re: Who Pays Taxes in America?
« Reply #86 on: December 01, 2008, 07:10:01 AM »
Small businesses have the option of absorbing taxes, or passing them on in the form of increased pries/fees. I own two small business, and I pass on every bit of taxation placed on my companies to the customers.
Big business, however, ALWAYS passes on the cost of taxes as an operating cost.

True Story: Over the last 10 years, two of my competitors decided not to do so in an effort to keep their charges lower than mine. One of them now works for me, and the other one for another of my competitors.
Suffice to say that I did nothing to force them out of business. I was able to afford better, more experienced employees, more of them, and better, more efficient, equipment to get the job done quicker. Essentially, we charged the same price when you consider that I was able to accomplish the same work with fewer people in less time. We're also able to work more than one job at a time.

...and if you're going to use the "Christian" argument, might I add that the ex-competitor who now works for me has been earning more money (from the first year he started) with me, than he ever made on his own. He's a skilled technician, just not a very good businessman.

Small business people get a bad rep from so many, especially the Left. Small business owners, are risk takers. We gamble, usually with our own money, that we can make things work. We employ people who can not, or will not take that risk themselves. Small business are taxed heavily, receive fewer, if any, tax breaks from local, state and fed governments, and create about 70% of the new jobs in this country.
We are friends to our employees, we know their families by name, we know their problems. We help when we can. We allow them time off to pick up the kids from school, or to have a birthday party. We feel the pain they feel when there is a loss in their lives. We know what the pay check they receive means to them, and we do what we can to assure that there will be another pay check next week.
We make hundreds of decision everyday, and we know those decision can affect the lives of everyone associated with the company.
Small businesses, if they are to survive, cannot absorb tax increases all the time. We have no choice but to "Spread it around".
Has anyone asked why it's OK for Obama to say he want's to redistribute income by "Spreading it around", but it's not OK for a small business owner to say that he's going to pass his taxes on to the public in the form of price increases, in an effort to "Spread it around"?
After all, Socialism is Socialism, right?

When Obama, or any politician tells you that they are going to increase taxes on business, and the wealthy, understand that it will be coming out of your pocket in one way or another. It's been said over and over, it's been argued, and denied, but it's still true. Taxes collected by any government agency are paid by individual citizens.




Offline leeford

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Re: Who Pays Taxes in America?
« Reply #87 on: January 10, 2009, 09:04:14 PM »
Rush explains how liberals created a voting block of people who don't pay taxes: http://www.rushlimbaugh.com/home/daily/site_010809/content/01125108.guest.html

Offline Arkstfan

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Re: Who Pays Taxes in America?
« Reply #88 on: January 21, 2009, 08:35:11 PM »
Small business owners pay a far greater share of taxes than "big business".

Small business doesn't hire enough people to qualify for the tax breaks a big business gets for a capital expansion creating enough jobs to qualify for that break.

Small business doesn't undertake projects big enough to qualify for property tax breaks when they buy or build a building.

Small business has a harder time negotiating a decent group rate to offer a good health package.

A few years ago an extremely large business was fighting for a cut in the corporate tax rate and they announced what they paid in taxes and it was widely agreed that was a heavy tax burden. What no one bothered to check was their honesty. The bulk of the taxes they paid, were sales taxes they collected from customers and merely mailed in keeping a small cut for their trouble. The customer paid the tax.

I saw similar fraudulent numbers during the capital gains tax debates. Numbers were being thrown around about how many people own stock. Left out of the equation was how much was in retirement and deferred comp accounts and not subject to capital gains because the gains were either tax free (Roth) or taxed as ordinary income (other accounts).

Offline jb728b

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Re: Who Pays Taxes in America?
« Reply #89 on: February 04, 2009, 07:46:12 AM »
Who pays taxes hmmmm.  The Democrats often push to raise taxes and now I know why. Looking at many of the things going on in Washington this past week apparently THEY DON"T PAY THEIR OWN TAXES!  That being the case a huge tax increase wouldn't be a problem for them since they don't pay anyway.  Everyone in Washington should be audited.