Taxation is ridiculous....

[RickTheToad]

I don’t think our country ready for the fallout caused by cutting all social services. If anything those programs temper homelessness and social unrest from what they truly would be.

As for the rich paying taxes, the income taxes specifically target higher incomes because they pay far less relative to their income in consumption tax and property tax.

I am lowish-upper middle class and I don’t pay much of anything in consumption taxes (unprepared grocery and clothes aren’t taxed where I live and my car is electric).

Not against gov't support. I am against that it's not means tested. If a person doesn't even bother to work and rather just create more babies and stay at home watching TV, why should we have to pay for them?

 

[EyeBRollin]

Not against gov't support. I am against that it's not means tested. If a person doesn't even bother to work and rather just create more babies and stay at home watching TV, why should we have to pay for them?

Conceptually I agree. However, that is not what is happening. Unskilled labor in 2022 simply does not pay enough to afford a basic living. My parents generation were unskilled factory workers making over $30 / hour in the 1970s with no education. One of my aunts retired with 6 houses. Her old job now pays only $14 / hour today.

 

[jimwho]

Not against gov't support. I am against that it's not means tested. If a person doesn't even bother to work and rather just create more babies and stay at home watching TV, why should we have to pay for them?

I've been lead to believe that women intentionally get pregnant with any guy "they don't even care for" to rack up the baby count for more money. Five kids, no problem just a bigger check each month. Baby Daddies nowhere around.

And we wonder why so many people grow up to be thieving idiots. If it were up to me, it would be a Law, if your raised on welfare you go into the military. 1. Gets you away from the whole environment of failure. 2. Never mind, 1-is enough.

 

[Zimbabwe]

It's to support the less fortunate (who refuse or can't find a job). It's not right, however, there are more have nots than haves. Thus, they elect people who will enact laws that benefit the people who put them there.

As someone who was on welfare when i was younger, it's terrible. We got $200 a fortnight which is not even enough to cover rent, they made us fill out 20 job applications at this "job training" center ever fortnight as well.

When i eventually found a job on my own, they called me up asking for details so they could claim they found it for me (to get the commission). I refused so they cut off my medicare card (our "free" healthcare card) and withheld my payments.

It tooks months to get this dispute resolved, every government worker i contacted would just shift the duty onto someone else. Nothing got done for months.

They went to a debt collector for money I supposedly owed them, i got harassed by calls every single day until ingot this resolved. The funny thing is when the government owed me money they did everything they possibly could to drag the entire process out.

The Australian government still owes us billions from the whole robodebt controversy, they have yet to pay.

 

[DonJuanjr]

If it were up to me, it would be a Law, if your raised on welfare you go into the military. 1. Gets you away from the whole environment of failure. 2. Never mind, 1-is enough.

Why take away the child's freedom of choice based on the decision of the mother? Why not implement a law that states if the mother is on welfare, only the amount of children that she had before she got on the welfare would be supported. If she didn't have any kids when she got on welfare, then any future children will not be supported. This takes away the motivation that you speak of.

 

[RickTheToad]

Chastity belts should be required for all females prior to marriage! No unlocking w/o a cert. In all seriousness, the birth control pill was the downfall of society. Condoms are one thing, they've been around for thousands of years. Now, females have 31 different options of BC. It's like freakin Baskin Robbins.

When there's no accountability, sh!t falls through the cracks.

 

[DEEZEDBRAH]

You have to reach a point financially to hit escape velocity. If you don't you will have to take whatever the state decides to throw at you. Next few years will be crucial and the window is closing

Over the years i travelled abroad. Met some of the best in the game globally.

I Cringe at what's going on in the world. Even more disgusting is that it's for the world to see. Places that champ democracy are behaving in ways of communism or worse.

Window closing how? Multiple passports or parasites seeding more counter measures? Please elaborate?

ANY company, news outlet or anything promoting tyranny is public enemy #1.

It blows me away the amount of threads about dome busted sloot pushing 30 and only a few fellas post in that crypto thread. Anybody paying attention to the tyranny going on global should put the fear of God in the most alpha of male.

Things are really bad gents. I read Man's Search for meaning. There's talk of when people could have escaped from the Nazis and then there was a point of no return.

 

[firstbornunicorn]

There are ways.

I own a holding company that owns 30% of my startup, and some stock. All gains through the holding company are taxed at 0.66%(Norway), and I can move as much money as I want between companies owned by the holding company.

However whenever I pay myself from it I get taxed at 36%, depending on how much I take out.

But the thing is, if I consult via my consulting company owned by my holding company, I can move my income essentially tax free from my employment to other investments.

eg: I make $250k for the year via my "Firstborn Unicorn Software Development LLC". This LLC is owned by "Firstborn Unicorn Holdings LLC", I pay myself $60k and pay my personal taxes, the rest (let's say ~$180k) gets moved to my holding company and gets taxed at 0.66%.I can put it all in stock, or even buy up to 3 properties with the holding company.


Now, you ask, how can I move money from my holding company to my own pocket? I'd need to pay those 36%. Well, no. I can go to the bank and say "Hey guys I have a hlding company with bank account number 444777474 and it has $180k in it, I want a $150k loan at 2%."

They're like: "ok".


I essentially just turned those 36% taxes to the state into 2% interest to the bank, and, personally, I'm now in debt and can write it off.


AMA

 

[wifehunter]

It's all going to burn.

Buy Bitcoin.

 

[EyeBRollin]

Buy Bitcoin.

Lol. Why?

 

[DonJuanjr]

The simple fact is that the men at the very top of society are your enemy and they want to make life difficult for you with things like a tax rate that will keep you poor, relative to them (the top men pay no tax).

It's okay... Their addiction to power and money will collapse society. Then it's back to survival of the fittest. Those men at the top are weak. They'll be eaten alive.

 

[DonJuanjr]

t’s way more complicated than that. They are actually collapsing society on purpose so they can usher in the new system that I described above.

Give them some credit man. The top men who are running the show are geniuses in the art of war, manipulation, machiavelli and psychopathy.

Just because they have plans for it to go a certain way doesn't mean the dominoes will fall like that. I agree with your description of their manipulation, psychopathy ect. Although, I'm not so sure that it will be effective without rule of law.

 

[Pandora]

Just think. A worker pays somewhere between 10% - 37% of their taxes to the Feds. They pay another 15% or so for FICA, then another 4%-8% to the state for taxes on their labor. Let's not forget about an additional 6% of sales tax on nearly everything we buy. At min., people are paying 34% of their wages to the governments. In actuality, we're paying closer to 50% or more in taxes on our wages. I have tenants who pay very little for rent, food, medical, utilities, and such. They are all subsidized by the gov't through taxes. They can work, but they choose not to. It's disgusting. If a person needs help, then fine, but people live off the dole for decades and we all just pay it. There should be means based apportion with the requirement for work. As of now, there isn't.

yeh dude its insane. Some tenants in my building got govt checks to pay for back rent. No strings attached. If I had known that I would not have paid my rent during the pandemic. Its totally unfair.

 

[zinc4]

So I just moved up a tax bracket or two. Still not making a lot of money but i used to be borderline poverty. I was used to getting a nice tax return. This year I get barely anything.

My friend told me this is why people don't work too hard because you just get taxed extra aggressively. He makes about 150k and says he only takes home about half of that after taxes. This is highway robbery.

Is this what high income earners have to deal with?!!! It's bullsheeet.

It's legal theft and nothing more. Anyone saying otherwise is brainwashed.

 

[DonJuanjr]

It's legal theft and nothing more. Anyone saying otherwise is brainwashed.

What's funny is people will spout off "self respect" when it comes to females, but not when big daddy govt is reaching in their pockets.

 

[Pandora]

What's funny is people will spout off "self respect" when it comes to females, but not when big daddy govt is reaching in their pockets.

exactly.