Do You Really Understand the Tax System In The US?

authorwebmastertime14 Mar 2010categoryportal.gzgq.com
  • Here's a link that has a very interesting observation about the current (and, for that matter, future) tax structure in this country.Actually read it before you comment unless you're just dying to display your ignorance.
    http://freakonomics.blogs.nytimes.com/20...


  • I try to pay as little as possible as well, like the comments said, Buffet gets his income from dividends from stock, which are taxed at the lower widow and orphan rate ( an old law that protects trust funds for dependents of deceased wage earners )

    I believe in a flat tax, everyone pays 17% on any income over the poverty level, no matter where it comes from, and no deductions..


  • If I truly understood the tax system I'd be on TV myself.
    I did once have a job where I had to update the tax bulletins.
    There were some thirty two books on average two inches thick comprised of onionskin that changed monthly in random assortments.
    To say it left me bemused and shortly unemployed due to excessive boredom is to be kind.
    Buffets right, the whiners never seem to really know what they are talking about, and the kinds of exclusions to income an business that I saw were so arcane that some of them were written just for one business or product to escape taxation. We really know very little about the why and the how of our tax system.

    Under a seventeen percent flat tax, I'd pay much more than I do now, and I'm retired and on a pension. I also pay property and school taxes. I have no desire to pay more and very little ability to do so. At seventeen percent, I'd be missing meals, and going a little colder than I do now, but the wealthy wouldn't even have to cancel the villa at Nice for the summer.

    The poverty level for the two of us is around ten thousand a year. We do get more than that. We worked hard for forty years. We aren't poor just not rich, and just hanging on for low middle.







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