Complete pipe dream. The government is gonna take their share whether you like it or not, the only thing this changes is that big tac corporations won’t take theirs, too
Meanwhile the IRS should do what other countries do and just use the data they already have and send you a tax bill. What we currently have for like 99% of the tax paying public is a system where you get to guess if you filled out the forms correctly and then the irs, using the data it already has for you, corrects your mistakes and sometimes penalizes you for getting it wrong. All this while allowing Intuit and others to extract even more rent from people.
That’s not true. Income is taxed against the individual. Employers are required to withhold income taxes in many cases, but it’s not “a fine charged on the company.” It is a tax on the individual’s income, withheld from the individual.
But the end result is the same. You don’t “make 50k, and lose 15k to taxes”, you just make 35k. That’s is. That’s what you make. If you want more, talk to your employer.
But the end result is the same. You don’t “make 50k, and lose 15k to taxes”, you just make 35k. That’s is. That’s what you make. If you want more, talk to your employer.
No, that’s exactly what happens. Have you ever filed a tax return? We’re not debating subjective interpretation here. You make a gross income that is then taxed by the government. The income tax that the government takes is taken from your gross income.
Your employer is taxed on your income by “Payroll tax”, which is a tax against the employer and is not income tax:
Payroll taxes include amounts paid by both the employee and the employer to cover any federal taxes due, while income taxes specifically refer to the amount owed by the employee to cover their individual federal income taxes owed.
Source. I’m not trying to be pedantic – in your original post, you said “Income tax is just a fine charged on the company for having employees” which is objectively not true. Income tax != payroll tax.
Yes, you’re 100% factually correct. However, it’s not useful to complain about an income tax because society benefits from those services. Fundamentally, if you’re unhappy with your take home, you need to complain about your salary. And to accept that, you need to make the mental switch to believing that your pre-tax income is not actually your income.
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Complete pipe dream. The government is gonna take their share whether you like it or not, the only thing this changes is that big tac corporations won’t take theirs, too
Meanwhile the IRS should do what other countries do and just use the data they already have and send you a tax bill. What we currently have for like 99% of the tax paying public is a system where you get to guess if you filled out the forms correctly and then the irs, using the data it already has for you, corrects your mistakes and sometimes penalizes you for getting it wrong. All this while allowing Intuit and others to extract even more rent from people.
How you gonna pay for roads?
The income tax has dick all to do with roads
You never heard of Federal Highways?
Firstly, three-quarters of highway infrastructure is funded by state investment. Even still, 82% of the entire HTF funding comes from taxes on motor fuel, not income tax.
Second, what you said doesn’t even refute my original comment. Highways and interstates aren’t roads.
https://en.wikipedia.org/wiki/Highway
First line defines it as a type of road.
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Income tax is just a fine charged on the company for having employees. It’s not taken from you, it’s taken from them.
Yes because companies never pass on revenue loss to their employees
That’s not true. Income is taxed against the individual. Employers are required to withhold income taxes in many cases, but it’s not “a fine charged on the company.” It is a tax on the individual’s income, withheld from the individual.
But the end result is the same. You don’t “make 50k, and lose 15k to taxes”, you just make 35k. That’s is. That’s what you make. If you want more, talk to your employer.
No, that’s exactly what happens. Have you ever filed a tax return? We’re not debating subjective interpretation here. You make a gross income that is then taxed by the government. The income tax that the government takes is taken from your gross income.
Your employer is taxed on your income by “Payroll tax”, which is a tax against the employer and is not income tax:
Source. I’m not trying to be pedantic – in your original post, you said “Income tax is just a fine charged on the company for having employees” which is objectively not true. Income tax != payroll tax.
Yes, you’re 100% factually correct. However, it’s not useful to complain about an income tax because society benefits from those services. Fundamentally, if you’re unhappy with your take home, you need to complain about your salary. And to accept that, you need to make the mental switch to believing that your pre-tax income is not actually your income.