TG - I read loopholes to be things like mortgage credits, child credits, that sort of thing. I think of this as more a way to reduce the actual income the government sees entering your hands.

You can say "everyone pays 35% tax"... but you have to decide what number that 35% is applied to. Its easy for a w2 worker, but any other "income" can be reduced through business expenses and cost of goods... same as in a corporation.

victor809 wrote:

True (for now) but Big Brother's technology marches on & it's only a matter of time. Think of what would happen if arms are stigmatized & punished with jail time like illegal drugs and bounties are paid for snitching on neighbors.

bloody spaniard wrote:

Yes...we are becoming more and more like Nazi Germany everyday.

DrMaddVibe wrote:

True (for now) but Big Brother's technology marches on & it's only a matter of time. Think of what would happen if arms are stigmatized & punished with jail time like illegal drugs and bounties are paid for snitching on neighbors.

bloody spaniard wrote:

Idiocracy... 😟

DrafterX wrote:

You think that's something? I have a family friend that I do taxes for. Last year he earned just under $20,000 with 8 to support. His taxes where -$7,884 (I just pulled up the return). He had ZERO withheld and still got a check for $7,884 due to Child Care Credits, Additional Child Care Credits, and Earned Income Credits. Just for giggles, I slowly increased his income to see what it would do to his refund. If I add $3k in income, his refund maxs out around $8,250. After that it starts to decline.

If anyone doesn't believe me, run the numbers in your tax program. I think most of you will be shocked.

dpnewell wrote:

It's a great movie... go find it..!! 👍

DrafterX wrote:

1984.

nicholasjames wrote:

We have always been at war with Oceania . . . .

Brewha wrote:

**** Oceania.

HockeyDad wrote:

Forcefully stealing wealth is immoral.

ZRX1200 wrote:

Actually you and I agree here.

ZRX1200 wrote:

Yes, I agree the likes of Richard Fuld, Dennis Kozlowski, Kenneth Lay, Bernie Madoff, and most of the financial industry and banking executives are immoral. Actually, amoral would be a better description for them.

It's funny how some people want to focus only on re-distribution of wealth and call it stealing and totally ignore the kleptocratic means by which many of the wealthy acquired their wealth.

pdxstogieman wrote:

Just wanted to make the point that larceny occurs at all levels of socio-economic strata. Not all who are rich are moral and not all who are poor immoral.

pdxstogieman wrote:

Many got their wealth that way or a select few who also went to prison for what they did?

HockeyDad wrote: