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That is one of the reasons the tax code is so complex

Posted on: March 2, 2021 at 08:46:32 CT

4TigersinMichigan MU

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M.O.B. Votes:

That leaves out loopholes that were also added to avoid the very measures added to try an capture income. It is a vortex of stupid rules and games working against one another.

But Warren's plan to tax wealth is worse.

Please explain why this message is being reported.

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MESSAGE THREAD

Can any serious person support Warren's wealth tax idea? - 4TigersinMichigan MU - 3/2 08:07:59

Not to worry..it is Unconstitutional(nm) - Spanky KU - 3/2 09:41:38

No. Problem is we have a huge number of socialists - RHAYWORTH MU - 3/2 09:01:07

Suspect citizens would be forced to submit financial - BH O'bonga MU - 3/2 08:46:02

this is what happens when you fully support theft - meatiger MU - 3/2 08:31:29

Just as bad as an income tax. Can any serious person support - ummmm MU - 3/2 08:17:34

No. Its far worse. When gov't can/will do that then its - GA Tiger MU - 3/2 08:44:04

Serious people who pay their bills do friend - Floyd Turbo 99 - 3/2 08:22:50

sup floyd, started on your 2020 taxes yet? (nm) - SwampTiger MU - 3/2 08:23:51

Been a taxpayer 40 years child. I’ve paid income taxes - Floyd Turbo 99 - 3/2 08:27:27

That was brilliant - 4TigersinMichigan MU - 3/2 08:27:51

Yes - 4TigersinMichigan MU - 3/2 08:21:09

you aren’t a serious person (nm) - pickle MU

- 3/2 11:02:58

So if we get a wealth tax now.. - meatiger MU - 3/2 08:28:22

I don't even know how to respond to such nonsense - 4TigersinMichigan MU - 3/2 08:29:34

you said if it is "so common" - meatiger MU - 3/2 08:30:48

Show me one place I said it was "OK" ? - 4TigersinMichigan MU - 3/2 08:32:11

eminent domain - meatiger MU - 3/2 08:33:58

Not all closure of business - 4TigersinMichigan MU - 3/2 08:36:47

Where does that money come from?(nm) - meatiger MU - 3/2 08:38:09

Mostly from taxes - 4TigersinMichigan MU - 3/2 08:40:56

mostly? - meatiger MU - 3/2 08:41:42

Municipalities do not solely derive income from taxes meat - 4TigersinMichigan MU - 3/2 08:44:38

then where do they derive it from? (nm) - ashtray UF - 3/2 09:06:05

That didn't differentiate from the wealth tax. - ummmm MU - 3/2 08:24:21

Income is a defined and tangible quantity - 4TigersinMichigan MU - 3/2 08:26:55

Huh? Arriving at one's taxable income for a year is - ummmm MU - 3/2 08:30:15

That is the fault of a deeply flawed tax system - 4TigersinMichigan MU - 3/2 08:35:00

The internal revenue code has to be complex in order - ummmm MU - 3/2 08:40:16

That is one of the reasons the tax code is so complex - 4TigersinMichigan MU - 3/2 08:46:32

I don't know how it could be worse. Have you ever held - ummmm MU - 3/2 08:54:21

It is the reason our federal government was given a role - 4TigersinMichigan MU - 3/2 08:56:04

Especially given - meatiger MU - 3/2 08:42:42

Given how our income tax system works - meatiger MU - 3/2 08:36:22

And using the recent GameStop example - 4TigersinMichigan MU - 3/2 08:37:56

People delay income payments after the 1st of the year now - ummmm MU - 3/2 08:41:48

no different than if you - meatiger MU - 3/2 08:39:58

Once you are paid the bonus, you have the bonus - 4TigersinMichigan MU - 3/2 08:47:44

most likely, yes - ashtray UF - 3/2 09:09:31

lol..stop making sense(nm) - meatiger MU - 3/2 09:15:55

Wealth is very much defined - meatiger MU - 3/2 08:29:47

Socialists and idiots are serious people. That’s the - hokie VT - 3/2 08:11:56

While I am completely against it - meatiger MU - 3/2 08:09:10

Then tell me the mechanism for paying a debt that - 4TigersinMichigan MU - 3/2 08:11:17

sell off assets to pay the tax - ashtray UF - 3/2 08:12:52

Ever hear of real estate taxes? Nm - SparkyStalcup MU - 3/2 08:12:14

Yes - 4TigersinMichigan MU - 3/2 08:12:56

But based on what shows on paper and not what is in - ummmm MU - 3/2 08:19:49

Holding real estate is vastly different in several ways than - 4TigersinMichigan MU - 3/2 08:23:10

The wealth tax is more than just stocks - meatiger MU - 3/2 08:27:28

I know - 4TigersinMichigan MU - 3/2 08:28:48

Yes, it's a terrible idea. Just like a tax on real property - ummmm MU - 3/2 08:32:39

I have never been a strong proponent of any of them - 4TigersinMichigan MU - 3/2 08:39:49

I agreed with it in my first post in this thread. - ummmm MU - 3/2 08:43:27

And not all posts refer to you specifically - 4TigersinMichigan MU - 3/2 08:50:28

but the income tax is "very common"(nm) - meatiger MU - 3/2 08:44:19

Yes, it is meat - 4TigersinMichigan MU - 3/2 08:50:48

umm has stated the argument quite well(nm) - meatiger MU - 3/2 08:51:36

And you, as usual, have jumped in a made a mess of it - 4TigersinMichigan MU - 3/2 08:56:45

smug troll (nm) - SwampTiger MU - 3/2 08:42:25

I don't think he is trolling - meatiger MU - 3/2 08:44:52

he's always trolling meat - SwampTiger MU - 3/2 09:43:06

What is remarkable - meatiger MU - 3/2 08:41:23

How so? (nm) - ummmm MU - 3/2 08:24:45

See below(nm) - 4TigersinMichigan MU - 3/2 08:27:28

what's the difference relevant to your question? (nm) - SwampTiger MU - 3/2 08:18:22

Well, for one - 4TigersinMichigan MU - 3/2 08:26:00

Real estate prices go up and down too. (nm) - ummmm MU - 3/2 08:31:44

Real estate prices can indeed fluxuate - 4TigersinMichigan MU - 3/2 08:49:35

what percent of the population derives actual revenue from - meatiger MU - 3/2 08:50:36

And unless you sell or rent - meatiger MU - 3/2 08:33:06

Yes, just like the wealth tax, a potential for increased - ummmm MU - 3/2 08:34:32

many people generate revenue from holding stocks as well - SwampTiger MU - 3/2 08:27:51

I can charge rent, lease property, use property to run a - 4TigersinMichigan MU - 3/2 08:30:58

and you pay taxes on that money as well (nm) - ashtray UF - 3/2 08:32:41

dividends not reinvested (nm) - SwampTiger MU - 3/2 08:31:54

Correct - that is one way - 4TigersinMichigan MU - 3/2 08:52:17

well..that was easy...lol(nm) - meatiger MU - 3/2 08:34:42

And it will employ a lot of accountants - meatiger MU - 3/2 08:10:02

they may be serious, but they aren't very smart (nm) - ashtray UF - 3/2 08:09:01