/biz/ - Business & Finance

[Anonymous No.18272421]

Name me a single worse kind of tax. It should be unconstitutional in any country that considers itself capitalist.

[Anonymous No.18272445]

income tax, obviously. kys

[Anonymous No.18272473]

>>18272421
Property tax

[Anonymous No.18272483]

inheritance tax

[Anonymous No.18272496]

>>18272421
>the worst tax is the tax I have to pay, REEEEEE!

[Anonymous No.18272523]

>>18272483
This is the actual stupidest one though. Taxing the money that's already been taxed.

[Anonymous No.18272583]

>>18272496
I have to pay income tax, you don't see me bitching about that.

[Anonymous No.18272633]

>>18272523

Income tax is worse.

You will never convince liberals to get rid of capital gains. You are basically saying that only poor people should pay taxes. The better sell is to get rid of income tax. It does not make sense for a capitalist economy to punish people for stimulating the economy. It just makes no sense.

[Anonymous No.18272716]

>>18272483
That's the worse on paper but in reality fuck rich people who didn't earn their wealth anyway.
>>18272633
>basically saying poor people should only be paying taxes
Gamblers also get taxed for gains as well as people selling their own house.

[Anonymous No.18272718]

>>18272473
This. Getting a fucking bill by some bureaucrat because of the value of my car (that I was already taxed for)

[Anonymous No.18272963]

>>18272716
I understand your frustration. However, capital gains does kind of make sense. If you live in a society that is productive, and your assets go up in value, you should give back to the society that has allowed your assets to grow. Housing goes up, because the area you live in is desirable. Stocks go up, because there is a society that is allowing for your company to thrive.

However, income tax makes no sense at all. The very fact that you are working, is your contribution to society. The government should not be punishing you, or demanding you give even more. The government should be rewarding productivity as much as possible. This is how you make a country strong.

I'm not saying i love capital gains tax, but if the question is, "what's worse". Clearly the answer is "Income tax".

[Anonymous No.18272976]

Never actaully removed my gains from the IRA. I have made 50% of my capitol. Tell me, how bad is it?

[Anonymous No.18272991]

>>18272583
well you should, i guarantee you're paying more in income tax than capital gains

[Anonymous No.18273006]

>>18272963
No the point of society is to funnel resources into inner city shitpits.

[Anonymous No.18273021]

>>18272445
fpbp

[Anonymous No.18273025]

>>18272633

Income tax is also purely a tax on the working class. Even "le 0.1%" are basically just doctors and professionals in big cities. Billionaires, basically anyone with a net worth of $50m or more, do not pay income taxes. Their gains are capital, and usually guarded by an army of accountants and creative tax avenues.

The fact that any cuts to income taxes are relief for billionaires is a farce and divide and conquer tactics by ACTUALLY RICH people who would like the working class to continue to carry the weight of the system.

[Anonymous No.18273026]

>>18272421
Income tax

[Anonymous No.18273090]

>>18272473
Income tax is worse.

Of all the taxes, property tax probably makes the most sense. If you own land that is protected by an army, you should pay a fee to have that army protect your land.

Income tax, however, makes no sense. When you work, you are contributing to society, so why should you have to pay money to contribute to society. Its absolutely bonkers.

Of all the taxes, income tax is the worst.

[Anonymous No.18273112]

>>18272963
>>18273025
Alright fine, consider my opinion changed. Now I'm even more angry.

[Anonymous No.18273177]

VAT

[Anonymous No.18273294]

>>18272633
>live in a quiet area for generations
>NYC prices their own trash out of the city
>send them to every small town and community within 300 miles
>crime skyrockets
>welfare skyrockets
>public school system overwhelmed by petty thugs who can barely read, do basic math, or not steal shit
>their parents dont pay taxes
This is how property taxes quadruple in a few years time. Its creating an endless chain migration. Most who try to escape their serfdom just relocate and force their lords on everyone else

[Anonymous No.18273580]

>>18272421
removing captial gains tax would mean that it would just get taxed as income. So it's certainly the lesser of the two evils

[Anonymous No.18273762]

>>18272633
>>18273025
wagies ragin

they should tax income at 98% distribute it to neets then tax their capital gains at 0%

hell tax income at 100% those brainless wagies should be paying all they can for letting them distract themselves from life's big questions the neets have to think about

[Anonymous No.18273777]

>>18272421
fuck these guys.. the government is practically defunct now.. you KNOW OJ wants to destroy the IRS!

[Anonymous No.18273815]

>>18272421
All taxes are just distorted consumption taxes. Quit screwing around and just make everything a consumption tax.

[Anonymous No.18273851]

>>18272718
Haven't registered my car in three years

[Anonymous No.18273886]

>>18272421
>>18272633
Good thread. I would say the only taxes we should have are property, CG, and sales. Maybe a tiny inheritance tax. Oh also a corporation tax (or VAT)

[Anonymous No.18273910]

>>18272445
>>18272633
Based. Fuck income tax.

[Anonymous No.18274037]

>>18272523
All money has already been taxed

[Anonymous No.18274071]

>>18272421
All taxation is theft.

[Anonymous No.18274092]

Having to pay both income tax and sales tax. Pay income tax when you earn money and then pay another tax to spend money that you already paid taxes on.

[Anonymous No.18274147]

>>18272523
Capital has already been taxed too when it was first earned through work.

[Anonymous No.18274151]

>>18274092
And pay capital gains tax when you manage to make a profit by risking your own money that you already paid income tax on

[Anonymous No.18274155]

>>18272421
Only spending should be taxed, not income or capital.

[Anonymous No.18274197]

>>18272963
>you should give back to the society
I don't think you understand how trade works. Capitalists "gave back" already when they produced services or items in exchange for money.

[Anonymous No.18274295]

>>18272421
A wealth tax, such as the kind Elizabeth Warren was pushing for, is infinitely worse.

>>18272483
You're not a proper American if you don't understand how important it is to have confiscatory taxes for the ultra wealthy as it results in dynasties of wealth. The US could easily allow beneficiaries $10M tax-free and that would cover 99% of the population, of which I'm almost certain you in.

Without such an inheritance tax, you get shit like a neverending stream of Bushes, Clintons, Kennedies, and other such trash infecting the halls of power.

[Anonymous No.18274341]

>>18274295
There is nothing wrong with ultra wealth if it was built honestly. Punish criminal powerful people, not honest powerful people. Punish criminals, not honest folk.

[Anonymous No.18274382]

Luck tax. Sometimes people are born in a shithole or with shit genetics. Others are born chad and Stacy.

[Anonymous No.18274411]

>>18274197
there should be an exploitation tax on hyper-capitalists

[Anonymous No.18274448]

>>18274411
This make me laugh. Ha ha ha!

[Anonymous No.18274546]

>>18272473
this, especially if you live near a city. $6-12k/yr, increasing almost every year until the day you die. it's not sustainable.

[Anonymous No.18274961]

>>18274155
Yes, but they ain't listening. What rate do you think would cover everything? 15%? How to allow for poor people or food and clothes? Just a ubi?

[Anonymous No.18275321]

>debating the best way for the government to milk you

[Anonymous No.18275388]

>>18274341

>honest powerful people