Fair share?? (Page 2): The USA runs on taxes and tax schemes. Interstate tolls were to pay for road construction and then end, state lotteries and gambling were to fund education and...

Triple G

Architect1776 wrote:

Corporations are just another branch of tax collec... (show quote)

The USA runs on taxes and tax schemes. Interstate tolls were to pay for road construction and then end, state lotteries and gambling were to fund education and relieve property taxes, vice taxes on cigarettes and booze were to set up educational and medical care. Have any of those things played out as stated? I don’t think so, but how do you unwind the tangled web after the fact? Subsidies to farmers to keep commodity prices up are also indirect taxes with a double hit both as taxpayers and commodity consumers. Petroleum is just another scheme.

https://www.agriculture.com/news/business/farm-income-cushion-for-2021-higher-commodity-prices

Architect1776 Loc: In my mind

Triple G wrote:

The USA runs on taxes and tax schemes. Interstate... (show quote)

Just adding to my point.
Take all hidden taxes together and a guess is that 1/2 of our income or more is stolen by the government entities. Even if you get that stupid paltry tax refund which is a total joke in and of itself. They keep your money then give some back with no interest.

Wyantry Loc: SW Colorado

Fotoartist wrote:

Yes, accurately stated. And don't forget Biden's c... (show quote)

Fees! Fees! It is not the TAXES any more, governments are getting around the unwillingness of the populace to have their taxes raised—by instituting a hierarchy of FEES that avoid the populaces v****g-systems.

Triple G

Architect1776 wrote:

Just adding to my point.
Take all hidden taxes together and a guess is that 1/2 of our income or more is stolen by the government entities. Even if you get that stupid paltry tax refund which is a total joke in and of itself. They keep your money then give some back with no interest.

Those who purposely pay in too much to get a refund and call it a forced savings plan are crazy, but they exist. If you look at payroll taxes alone, it could equal 30% so I’d agree with your 50% number for higher level earners. What do we get for that? Certainly not much compared to other countries and their tax basis.

https://www.cnbc.com/2017/08/07/canadians-may-pay-more-taxes-than-americans-but-theres-a-catch.html

If you are at all mobile, you play the tax game to your benefit and move to a low cost, no income tax state. It’s why there is so much migration of retirees and at home workers from high SALT states and that will continue unless taxation inequalities are rectified.

We need to get onboard for true tax reform and quit using the middle class as the cash cow. The rising prices due to shortages and pent up demand are going to erode consumer purchasing power significantly without adding new taxes to their costs. Of course, Biden will get the blame for the increases, but many are looking to remove the trump tariffs which are just another tax on US consumers.

https://www.reuters.com/article/us-usa-trade-tariffs/u-s-tariff-review-considers-commodity-shortages-inflation-official-idUSKBN2CV2HD

https://thehill.com/policy/finance/553454-infrastructure-deal-imperiled-by-differences-on-payment-plan?utm_source=thehill&utm_medium=widgets&utm_campaign=es_recommended_content

anotherview Loc: California

FLAWED PRESENTATION. This presentation left out the option that a corporation will simply reduce its profit that now hides an unpaid tax.

This presentation also skipped the analysis that some fraction of corporations already pay all taxes due, by their having a balance sheet that reflects this expense. This status means that they will operate in a fairer business environment when other like corporations pay all due taxes.

In addition, corporations in the past have experienced a shifting tax scenario. One could ask how these corporations adapted to this change. This information would introduce a fact-based history to objectify discussion of the current situation.

Fotoartist wrote:

Corporations are not in business to produce a prod... (show quote)

Architect1776 Loc: In my mind

Triple G wrote:

The USA runs on taxes and tax schemes. Interstate... (show quote)

God how did we survive as the greatest nation with a small fraction of the current tax load. Including building great highways, bridges and incredible other infrastructure projects across the nation.
How did we ever do that?

anotherview Loc: California

Leadership acting in the interest of the nation with no mind to discriminate by race or class may help to know a rationale.

For example, President Eisenhower saw the German Autobahn during WW II and realized its wide national utility. This national roadway inspired the U.S. Interstate Highway System. See more here: https://en.wikipedia.org/wiki/Interstate_Highway_System The U.S. Congress went along with this project as a national undertaking.

I'm not a political historian, but I believe that a sense of national unity at the time still prevailed following WW II. The social strife we experience now did exist then.

Others here with more knowledge of the taxation in place back then may offer their view of this matter.

Architect1776 wrote:

God how did we survive as the greatest nation with a small fraction of the current tax load. Including building great highways, bridges and incredible other infrastructure projects across the nation.
How did we ever do that?

Triple G

Architect1776 wrote:

God how did we survive as the greatest nation with a small fraction of the current tax load. Including building great highways, bridges and incredible other infrastructure projects across the nation.
How did we ever do that?

My view:take a wholistic approach where state and local entities develop their infrastructure plans working with their state neighbors using a budget where they must include current state taxes to fund a percentage of the cost. Fed funds using current tax revenue basis (not made up projections of what receipts will be with tax law changes) can then be used in a matching scenario as each phase of a state’s infrastructure plan is completed. It will be a good litmus test of governors’ effectiveness. No expenditures without accountability.

boberic Loc: Quiet Corner, Connecticut. Ex long Islander

anotherview wrote:

Leadership acting in the interest of the nation wi... (show quote)

Eisenhower is responsible for the interstate highway system for 1 purpose. Noi for the general welfare but for the easier movement of military equipment along the east and west coasts. That why the roads MUST have a dead straight 1 mile every 5 miles. For a potential landing strip, as ww2 aircraft needed a 1 mile runway. Next time you drive the 95 coridor along the east coast notice all those straight sections

Bazbo Loc: Lisboa, Portugal

Architect1776 wrote:

God how did we survive as the greatest nation with a small fraction of the current tax load. Including building great highways, bridges and incredible other infrastructure projects across the nation.
How did we ever do that?

Speaking of building all those roads a bridges, how about telling us the tax rate under Ike when the interstate highway system was built?

This is too easy.

anotherview Loc: California

It fostered and served commerce nationwide as well.

boberic wrote:

Eisenhower is responsible for the interstate highway system for 1 purpose. Noi for the general welfare but for the easier movement of military equipment along the east and west coasts. That why the roads MUST have a dead straight 1 mile every 5 miles. For a potential landing strip, as ww2 aircraft needed a 1 mile runway. Next time you drive the 95 coridor along the east coast notice all those straight sections

DennyT Loc: Central Missouri woods

Architect1776 wrote:

Just adding to my point.
Take all hidden taxes together and a guess is that 1/2 of our income or more is stolen by the government entities. Even if you get that stupid paltry tax refund which is a total joke in and of itself. They keep your money then give some back with no interest.

Anybody that structures their withholding such they let the govt use their and then get a no interest refund is pure stupid..

That is on the individual and not the government.

Architect1776 Loc: In my mind

DennyT wrote:

Anybody that structures their withholding such they let the govt use their and then get a no interest refund is pure stupid..

That is on the individual and not the government.

I do not, I work to break even.
A vast majority of Americans though structure to get the refuns as large as possible.

Triple G

[quote=Architect1776]I do not, I work to break even.
A vast majority of Americans though structure to get the refuns as large as possible.[/quote

Proof that many Americans are stupid about financial matters. These are the same ones who are not saving in company matched 401k plans. They’d be so much better off if that money was working for them.

Architect1776 Loc: In my mind

[quote=Triple G][quote=Architect1776]I do not, I work to break even.
A vast majority of Americans though structure to get the refuns as large as possible.[/quote

Proof that many Americans are stupid about financial matters. These are the same ones who are not saving in company matched 401k plans. They’d be so much better off if that money was working for them.[/quote]

You are correct.
Poor education.
Guess knowing about the evils of being white is more important for their future.