Income is Income

Corporate taxes? When I have to pay taxes on goods I provide or services rendered I just raise the price to cover the taxes. Corporate income taxes are just another way of taxing people.

 

Sorry, Old Reg, I must challenge your thinking on this:

False.

Read more: http://www.investopedia.com/ask/answers/08/nonprofit-tax.asp#ixzz2EU32IkpZ

False. See above. If they don't go to church, there are many non-profits they can give to, such as Wounded Warriors, etc.

False.
Pastors and others in ministry pay the same rate as the rest of us do, based on their income and allowable deductions, dependents, etc. The "iffy" question is use of the parsonage and that may not be taxable if certain IRS criteria are met.

Debatable. For many people, the main reason they bought their home was for the mortgage interest deduction to lower their taxes. For the primary residence, the mortgage interest deduction is a small pittance compared to all of the other costs of home ownership, which the renter does not have to pay for and are NOT tax deductible, things such as HO insurance, repairs, maintenance, replacement of heating/cooling systems and water heaters, garbage disposals, roofs, and more. Also, there are the other costs of yard maintenance, pest control, and more - these are not paid out of pocket by the renter, so the premise that the renter pays a higher tax is a faulty premise. If they do away with the mortgage tax deduction, you will see a lot of homeowners (especially those who have lost equity in this financial climate) walking away from their debts and opting to rent. That, in turn, will cause rents to skyrocket - supply and demand.

Yes, but then there are things like free food programs at school, free cell phones, free child care, free health care (Medicaid), WIC, and more, like the Earned Income Credit - I know people who have gotten money back from the IRS who didn't even pay taxes because of the EIC.

Right now, it seems more profitable to live on the govt dole and take advantage of all of the government handouts - especially if you have kids - than to work 40 hours a week and pay into the system. Sometimes I feel like a fool for not quitting my job & joining the approx. 50% of Americans and illegals who are living on the govt bennies - who is the sucker?

 

Agreed, but that comes down to personal choice, doesn't it?

Government has PLENTY of our tax money and squanders it on stupid stuff like throwing billions of our tax dollars (and borrowed) to nations that hate us and seek to destroy us. We prop up dictators all around the world and they stash the money we give them into personal bank accounts. There are millions and millions of unaccounted American tax dollars that went to Iraq, for instance. We subsidize Planned Parenthood and NPR and PBS, all who could operate by private donations. Need I go on? I know you probably agree with me on this. :flower:

The problem is NOT a shortage of tax dollars. The problem is government waste and spending. Did you know it will cost tax payers a pretty penny for the 2013 inauguration? The first obama inauguration cost tax payers $47 million in 2009.

And what about all of the money obama squandered on his corporate cronies that went belly up? Solyndra alone cost the taxpayers $550 million, as I recall.

Think about this: The current US population is 314,907,484. That $550 million dollars could have given every person in the US a million dollars with money left over, and THAT, my friend, would stimulate the economy!!!