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| Taxes! | |
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| Tweet Topic Started: Oct 8 2005, 08:43 AM (791 Views) | |
| cmoehle | Oct 8 2005, 08:43 AM Post #1 |
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Chris - San Antonio TX
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Company I work for did well last quarter and we all got bonuses. Seeing as these are live checks, everyone opened them to look. Normally people direct deposit and don't really look, so you can image the irritation as plans to do this or buy that changed quickly. Good old Uncle Sam claimed nearly 25% of each bonus. Keep your grubbing hands off! Time to roll out the Fair Tax argument again! And why not throw in Flat Tax as a contrast. Point-Counterpoint: FairTax vs. Flat Tax
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Politics is the art of achieving the maximum amount of freedom for individuals that is consistent with the maintenance of social order. --Barry Goldwater | |
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| roscoe | Oct 8 2005, 01:51 PM Post #2 |
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Bonuses ? You should give it back and thank your employer for the job. |
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| cmoehle | Oct 8 2005, 02:21 PM Post #3 |
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Chris - San Antonio TX
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I'm an owner, small piece of the rock. |
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Politics is the art of achieving the maximum amount of freedom for individuals that is consistent with the maintenance of social order. --Barry Goldwater | |
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| Jelly Bean | Oct 8 2005, 02:50 PM Post #4 |
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feel that way about overtime too...figured the time off was more worth it |
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| cmoehle | Oct 8 2005, 03:13 PM Post #5 |
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Chris - San Antonio TX
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But taxes? |
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Politics is the art of achieving the maximum amount of freedom for individuals that is consistent with the maintenance of social order. --Barry Goldwater | |
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| pentax | Oct 8 2005, 03:21 PM Post #6 |
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Kamloops - BC Interior
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Right on - when I worked, OT would nail you at about 40% in tax. You might get a little back after filing, but still... I far preferred to get extra days off, just to be away from the place. |
![]() (thumbnail) ![]() "Kirk to Enterprise - Very funny, Scotty.... now beam down my clothes!" | |
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| cmoehle | Oct 8 2005, 03:34 PM Post #7 |
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Chris - San Antonio TX
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Ah, I see. Bear, isn't it. Taxed for working, extra. What an incentive! |
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Politics is the art of achieving the maximum amount of freedom for individuals that is consistent with the maintenance of social order. --Barry Goldwater | |
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| brewster | Oct 8 2005, 04:56 PM Post #8 |
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Winemaker Extraordinaire
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We have a flat tax in Alberta, and it's one of Ralph's more popular moves... It's more difficult to tinker with than Sales Tax, which has proven an accountant's Get Rich dream of glory in every country it's been tried - every lobbyist has his/her agenda. The way the flat tax is set up, the only tinkering allowed is the set point where it kicks in, or overall percentage. The law as written would take a huge majority to change to "get the rich", and nobody except Ralph ever gets those kinds of majorities. And you don't get the percentage jump for working O/T - although companies then try to encourage more work out of each person, using that as part of the justification. |
My Favourite CampsiteBow Valley Provincial Park, Kananaskis Country, Alberta | |
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| Jelly Bean | Oct 8 2005, 05:42 PM Post #9 |
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more you make, more it takes |
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| PRT | Oct 8 2005, 06:08 PM Post #10 |
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The higher you get in the food chain, the more you feed it - until you get high enough to get a really good accountant
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| cmoehle | Oct 8 2005, 06:18 PM Post #11 |
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Chris - San Antonio TX
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Flat tax is not fair tax. " more you make, more it takes" Disincentive, no? |
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Politics is the art of achieving the maximum amount of freedom for individuals that is consistent with the maintenance of social order. --Barry Goldwater | |
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| brewster | Oct 8 2005, 06:24 PM Post #12 |
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Winemaker Extraordinaire
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Chris, It's far more fair than a tax which allows the government to decide what your priorities are going to be, by raising taxes on stuff they don't want you to have. We've had this discussion before, but unless you can tell me what POSSIBLE mechanism you're going to have that prevents lobbyists from taking over, keeping in mind nobody in the world has ever found one, you're dreaming in Technicolor to think it could ever work. On Edit: Even if you found one, I would still prefer to have the money in my pocket to be MINE!!! |
My Favourite CampsiteBow Valley Provincial Park, Kananaskis Country, Alberta | |
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| Jelly Bean | Oct 8 2005, 06:32 PM Post #13 |
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For me yes, others nooo |
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| cmoehle | Oct 8 2005, 06:32 PM Post #14 |
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Chris - San Antonio TX
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"It's far more fair than a tax which allows the government to decide what your priorities are going to be, by raising taxes on stuff they don't want you to have." Oh, but I agree. Such is income tax. "keeping in mind nobody in the world has ever found one" So you offer no solution? Yet question this? " I would still prefer to have the money in my pocket to be MINE!!!" Good, if you could vote, then you should vote for the Fair Tax. Now, let's deal with your request to address lobbyists. Yes, we discussed this before, and it was addressed. But let's be direct in repetition: FairTax: Frequently Asked Questions
Fair Tax removes the choice from politicians and puts it in the hands of consumers. |
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Politics is the art of achieving the maximum amount of freedom for individuals that is consistent with the maintenance of social order. --Barry Goldwater | |
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| PRT | Oct 8 2005, 07:14 PM Post #15 |
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Member
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I don't understand why that would be a disincentive. You still end up with more than you had last year. If you invest wisely, make profits, sell stock, you pay tax on capital gains - but you did make money at it. You can keep the money under the mattress...or you can write off losses for several years At least there are choices.
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My Favourite Campsite
At least there are choices.
1:03 PM Jul 11