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  1. #26
    Join Date
    Nov 2005
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    Quote Originally Posted by CrazyPenguin View Post
    Really!!? Last time I looked the US was over 14 trillion dollars in debt. So how do you propose they be profitable without taxation???
    Over 15 now, technically they don't have to have an income tax because they print money anyways. Printing money is the biggest tax because it provides them with the money to spend over budget and decreases the value of the money that we hold.

  2. #27
    Join Date
    Feb 2002
    Location
    Australia
    Posts
    24,027
    My feeling on this subject is the government should not tax a worker's income or a worker's production. There's plenty of other taxes the government can derive an income from, and leave a worker's income untaxed. The more money a worker has in his or her pocket, means the more they can spend, and the bigger the economy will be, as a result.

    Taking a portion of a worker's income, and decreasing their spending power, and then redistributing that money through government, is just a crazy and inefficient form of socialism and failed limp wristed idealism. I doubt your founding fathers ever foresaw taxes on a worker's income as being a good thing for your country.
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  3. #28
    Just don't pay taxes at all that always works out right.

  4. #29
    Join Date
    Jan 2012
    Location
    South Carolina
    Posts
    109
    My dad tried this BS many years ago and got audited for it.

  5. #30
    Join Date
    Jan 2011
    Posts
    884
    I know someone who didn''t file his taxes for nearly ten years. He knew he didn't owe any money and just hated doing his taxes. One day he got a call from the IRS telling him he had to file his taxes. He asked why and said he didn't owe anything. They agreed and said their estimations show they owed him quite a bit of money, but legally he still had to file. So he hird and accountant and got back $20k or so. Moral of the story of the story and something you'd learn from these failed attempts to get out of paying taxes... You must legally file your taxes. Fail to do so any you will be sent to jail. But if you file and don't pay the chances of you going to jail are basically null. They will just come after you until you pay or take legal action against you. But you won't be incarcerated.

  6. #31
    Join Date
    Nov 2007
    Location
    Dallas, TX
    Posts
    9,064
    Quote Originally Posted by JaJae View Post
    I know someone who didn''t file his taxes for nearly ten years. He knew he didn't owe any money and just hated doing his taxes. One day he got a call from the IRS telling him he had to file his taxes. He asked why and said he didn't owe anything. They agreed and said their estimations show they owed him quite a bit of money, but legally he still had to file. So he hird and accountant and got back $20k or so. Moral of the story of the story and something you'd learn from these failed attempts to get out of paying taxes... You must legally file your taxes. Fail to do so any you will be sent to jail. But if you file and don't pay the chances of you going to jail are basically null. They will just come after you until you pay or take legal action against you. But you won't be incarcerated.
    I help people prepare their taxes (a volunteer gig through an IRS program), and tax credits can result in significant tax refunds -- particularly for those who are low-income. It makes sense to file!

    -mike
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  7. #32
    Join Date
    Jul 2009
    Posts
    266
    Quote Originally Posted by CrazyPenguin View Post
    Really!!? Last time I looked the US was over 14 trillion dollars in debt. So how do you propose they be profitable without taxation???
    Stop all those silly wars?
    Stop neocolonialism?
    Stop paying to dictators and politicians all over the world to do their bidding?

  8. #33
    Join Date
    Jun 2011
    Location
    Portsmouth, UK
    Posts
    327
    Quote Originally Posted by alex-developer View Post
    The income tax is not voluntary, some countries like China has the lowest tax, other parts of the world up to 40% (Example: UK, depends on income)
    We're at 50% now (over ~$300,000)

    But I don't think we're the worst.

    Go to Monaco, you pay no tax there, the government just own all the hotels and casinos
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  9. #34
    Join Date
    Nov 2007
    Location
    Dallas, TX
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    Quote Originally Posted by serverhouse View Post
    Go to Monaco, you pay no tax there, the government just own all the hotels and casinos
    That is interesting. Absolutely zero income tax?

    Is health care private or state-provided?

    -mike
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  10. #35
    Join Date
    Jun 2011
    Location
    Portsmouth, UK
    Posts
    327
    Also state funded.

    Only one small hitch

    http://www.rightmove.co.uk/overseas-...rrencyCode=USD
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  11. #36
    Join Date
    Nov 2007
    Location
    Dallas, TX
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    9,064
    Quote Originally Posted by serverhouse View Post
    Also state funded.

    Only one small hitch

    http://www.rightmove.co.uk/overseas-...rrencyCode=USD
    Yikes. Studio apartments for $900K, and two bedroom apartments for $5 million to $9 million?

    How are housing prices throughout the country as a whole?

    -mike
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  12. #37
    The country as a whole is .75 square miles.

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