Select Page
Poker Forum
Over 1,292,000 Posts!
Poker ForumFTR Community

The Wall

View Poll Results: The Wall, for or against?

Voters
11. You may not vote on this poll
  • Go Wall!

    3 27.27%
  • No Wall!

    8 72.73%
Results 1 to 75 of 511

Hybrid View

Previous Post Previous Post   Next Post Next Post
  1. #1
    Jack Sawyer's Avatar
    Join Date
    Jan 2007
    Posts
    7,668
    Location
    Jack-high straight flush motherfucker
    A common misconception is that undocumented immigrants avoid paying taxes. In fact, undocumented individuals pay sales and excise taxes, property taxes and, in some instances, personal income taxes. The study determined that at least 50 percent of undocumented households currently file income tax returns through the use of individual tax identification numbers, and many have taxes automatically deducted from their paychecks.

    In a state like Alabama, the study found, the effective tax rate for undocumented individuals was 7.2 percent, 3 percentage points higher than the 3.8 percent effective tax rate that the wealthiest 1 percent pay in that state. Alabama is no way alone in this development; 42 states currently tax undocumented people more than their wealthiest denizens.
    https://www.salon.com/2017/03/02/wat...est-1-percent/

    http://www.itep.org/pdf/immigration2017.pdf
    My dream... is to fly... over the rainbow... so high...


    Cogito ergo sum

    VHS is like a book? and a book is like a stack of kindles.
    Hey, I'm in a movie!
    https://www.youtube.com/watch?v=fYdwe3ArFWA
  2. #2
    How in the fuck can the wealthiest people be paying 3.8% effective taxes? Oh I forgot, they use that extra money to create jobs.
  3. #3
    Jack Sawyer's Avatar
    Join Date
    Jan 2007
    Posts
    7,668
    Location
    Jack-high straight flush motherfucker
    Quote Originally Posted by Poopadoop View Post
    How in the fuck can the wealthiest people be paying 3.8% effective taxes? Oh I forgot, they use that extra money to create jobs.
    While the poor buy iPhones instead of health insurance
    My dream... is to fly... over the rainbow... so high...


    Cogito ergo sum

    VHS is like a book? and a book is like a stack of kindles.
    Hey, I'm in a movie!
    https://www.youtube.com/watch?v=fYdwe3ArFWA
  4. #4
    MadMojoMonkey's Avatar
    Join Date
    Apr 2012
    Posts
    10,456
    Location
    St Louis, MO
    Quote Originally Posted by Jack Sawyer View Post
    While the poor buy iPhones instead of health insurance
    This is a thing.

    It bothers me.

    People are confusing.
  5. #5
    MadMojoMonkey's Avatar
    Join Date
    Apr 2012
    Posts
    10,456
    Location
    St Louis, MO
    Quote Originally Posted by MadMojoMonkey View Post
    This is a thing.

    It bothers me.

    People are confusing.
    I guess it's absurd to say that anyone who owns any luxury item is therefore disqualified from any public aid or services.

    While it's troublesome to have some people blow their money on toys and then treat the rest of us like its our fault they have no savings, the alternative is uglier.
  6. #6
    Quote Originally Posted by MadMojoMonkey View Post
    While it's troublesome to have some people blow their money on toys and then treat the rest of us like its our fault they have no savings, the alternative is uglier.
    What is the alternative?
  7. #7
    MadMojoMonkey's Avatar
    Join Date
    Apr 2012
    Posts
    10,456
    Location
    St Louis, MO
    Quote Originally Posted by MadMojoMonkey View Post
    While it's troublesome to have some people blow their money on toys and then treat the rest of us like its our fault they have no savings, the alternative is uglier.
    Quote Originally Posted by wufwugy View Post
    What is the alternative?
    Quote Originally Posted by MadMojoMonkey View Post
    I guess it's absurd to say that anyone who owns any luxury item is therefore disqualified from any public aid or services.
    Are you calling from a cell phone? Sorry 911 is only for people who don't squander their money on luxury items.

    We've got a unconscious patient with a gunshot wound coming in through the ambulance bay, but we found a pack of gum in his pocket and no insurance card, so we are turning him away.

    Welcome to the DMV. I see you have a Starbucks coffee cup, so you will not be permitted to share in the privilege of driving, to which non-frivolous citizens have access.
  8. #8
    Quote Originally Posted by Poopadoop View Post
    How in the fuck can the wealthiest people be paying 3.8% effective taxes?
    They don't. That's bullshit. The reports/links provided are full of baloney.

    Digging into the details, a big part of the equation is sales and other consumption taxes.

    Another misconception, is that FICA taxes are taxes. They aren't. They're insurances. 7.65% of your pay comes out to pay for medicare and social security. Those programs will only pay so much. There's a cap.

    Say someone makes 10 million per year, then he retires....does he expect social security to replace his income? Of course not. But the guy who made $50K per year, then retires DOES expect social security to replace his income.

    I don't know what the cap is anymore, 10 years ago it was like $90K. I suspect it's a hundred and something now. For the sake of argument, let's say it's $150k. Anyone making up to that amount pays FICA taxes and is entitled to benefits later in life up to a certain amount depending on how much they paid in.

    So the guy making $10 million/year only pays 7.65% on his first $150K, and then nothing on the rest. That's going to SERIOUSLY affect his 'effective tax rate'. It's going to look ALOT lower than someone making $50K per year.

    I dont' see what's wrong with that since the money isn't meant to be used on infrastructure, police, schools, or public service. The taxes collected are meant to fund those insurance programs. It's contained, or at least it's supposed to be.

    Sidebar: Anyone who believes Salon.com is credible is no longer allowed to ever give me shit for watching Fox News.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •