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stressed-depressed-and-bored · 1 year

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People always say “who is going to pay for it?” as if it’s some profound “gotcha!”

The rich. The rich can pay for it. They did in the past and they can do it again.

In the 1930s and 1940s the United States was facing a debt crisis much like todays. The government was running out of money coming out of the Great Depression and going into World War 2, and the economy wasn’t doing too well. Everything was falling apart, much like it is now. What was the solution?

And it worked. The US working middle class and the economy did awesome well through the 50s and 60s. The working middle class was wealthier than ever before and wealthier than it’s ever been. Regular people like you and me. Public infrastructure flourished. States had the budgets to build free colleges. College used to be free by the way. It wasn’t until Ronald Reagan’s advisors warned him how “dangerous” an “educated proletariat” was (those are his words), that major universities started to see cuts in public funding and had to start charging tuition.

Today, the top 1% is only taxed at 43% and has been dropping since Ronald Reagan’s presidency. Reagan also set the precedent of ignoring labor and union rights, violating both domestic (NLRA, Wagner Act) and international (United Nations bill of rights) law. This too has only ever been made worse by Republican policy as time has gone on with yet more tax cuts for the wealthy. Look up the actual policies. Don’t take a politicians word, read their actual policy. They will and do lie to you.

Do y’all understand now why the US debt is going up so fast? It’s because Trump cut that tax rate even more, amassing a whopping 20% of our current total national debt within only 4 years. The debt ceiling was raised THREE TIMES during Trump’s presidency, the uppermost tax bracket was cut even more, and massive corporate bailout loans were forgiven. Research the PPE loans. This has been Republican policy for 40+ years.

The systemic deconstruction of the middle class and the government in favor of corporate control. We are living in a repeat of the Gilded Age of the Industrial Revolution. The railroads and the banks own and control everything, including the government.

These are facts. Read it in any history book.

Or you can just ban those books too and pretend it didn’t happen. That would be a mistake though.

If you wanna know how our economy has REALLY been doing for the last 40 years, I suggest looking into the Economic Policy Institute. Or ask any working class American how they have been doing lately, especially those of us who are young, trying to make it.

Our current struggle is not caused by the “Woke Mob” as propaganda outlet Fox News will tell you.

(Do any of you even know what “woke” means? It means you are aware and attentive to the fact that systematic societal issues and flaws exist. Wether it be race issues, income issues, whatever. Being “woke” literally means you’re not a sheep who follows along anything that the media and government tell you. Thats what it means. Literally look it up. I grew up as this word came to popularity. It’s been around for a very long time. The GOP is taking advantage of the fact that you don’t know what it is, and using it as a fear mongering tactic to channel your anger at your neighbor instead of the corporations pulling the strings. It is corporate propaganda).

Our current struggle is caused by the class warfare waged by corporate scum as they buy all of our politicians in return for bailing out the government’s debt. Both left and right, our politicians have been bought. None of them work for you. They work for the big corporations lining their pockets through unlimited lobbying.

So, when y’all say “I don’t wanna pay for it”- don’t worry, you aren’t going to be paying for it. The middle class will not be paying for it. The multi-billionaire corporations stealing your labor will be paying for it. The rich goons who increase the price of your groceries and lay you off all in the name of making a few extra bucks will be paying for it.

Do some research and you’ll see exactly why and when we got into this mess.

It’s not that complicated. It really isn’t.

Tax. The. Rich.

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tybutler · 10 months

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Do you know you can get free government money if you had a business during the pandemic? Click here and find out more. You don't have to pay no money and if you don't get paid we don't get paid:

#free government money #government grants #government subsidies #ertc assist #entrepreneur tax credit #taxes and taxation #pandemic #relief #financial assistance programs #money for business #covid business relief #entrepreneur government programs #government stimulas relief #tax subsides #free money for business #business recovery funds #economic stimulus package #business support services (nec)

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itsglor · 11 months

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😆

#spooky #shopping #capitalism #taxes and taxation

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sinnosinnosinno · 1 year

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real

#taxes and taxation #balls

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zealouswombatrebel · 1 year

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I think go fund me culture is kind of insane because at this point it's just taxes? Like a big fund for strangers so they get help for medical bills or funerals? That's just what taxes are for. Except that in a perfect world taxes more fair because the most wealthy give the most except the ones who have the biggest pity

#go fund me #dystopia #late stage capitalism #taxes and taxation #taxes

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ahamay79 · 2 years

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youtube

#taxes #taxes and taxation #tax #irs #Youtube

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nickyysharmi · 8 months

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The Art of Mastering Tax Strategies for Investors

Investing your hard-earned money is like planting a tree. You nurture it, and over time, it grows into something substantial. But here's the catch – just like a growing tree requires the right nutrients, your investments need the right tax strategies to thrive. In this blog, let's explore the art of mastering tax strategies for investors, especially tailored for the Indian audience.

Navigating the Tax Jungle

Let's face it; the Indian tax system can feel like a dense jungle. There are various taxes to consider, such as income tax, capital gains tax, and even a tax on dividends. Understanding the different tax implications on your investments is the first step towards mastering tax strategies.

Also Read: What Is NPA And Its Impact On Indian Economy?

1. Tax-Efficient Investment Vehicles

Choosing the right investment vehicles can make a significant difference in your tax liability. For instance, investments in Equity-Linked Savings Schemes (ELSS) not only offer potentially high returns but also provide tax benefits under Section 80C of the Income Tax Act. Similarly, investments in the National Pension System (NPS) can fetch you additional tax benefits.

2. Long-Term vs. Short-Term Investments

The holding period of your investments can affect the tax you pay. Short-term capital gains (assets held for less than two years) are taxed differently from long-term capital gains. In most cases, long-term capital gains enjoy preferential tax treatment, making them an attractive option for investors looking to reduce their tax liability.

3. Tax Harvesting

Tax harvesting involves strategically selling certain investments to offset gains or losses for tax purposes. For example, if you have investments that have incurred losses, selling them can help you offset gains in other areas, reducing your overall tax liability. This technique can be particularly useful when dealing with capital gains tax.

4. Keep an Eye on Deductions

India's Income Tax Act offers a wide range of deductions, exemptions, and rebates. Familiarize yourself with these provisions and take full advantage of them. For instance, deductions for home loan interest payments, medical insurance premiums, and contributions to provident funds can significantly reduce your taxable income.

5. Plan for Retirement

Investing in retirement-focused instruments like the Employee Provident Fund (EPF) and Public Provident Fund (PPF) can be a smart move. Not only do these investments offer tax benefits, but they also help secure your financial future.

Also Read: The Ultimate Guide To Cash Flow Management

Conclusion

Navigating India's tax landscape can be complex, but with strategic investment choices and tax-smart planning, you can maximize your returns and secure your financial future. Mastering tax strategies is the key to growing your investments while minimizing tax burdens.

#taxes and taxation #taxation #investment #investors

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eaudeclown · 10 months

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I have a sympathy quota, I legally CANNOT feel bad for every vacuous John that decides to engage in imbecilic activities. There's taxes for everything

#economy #taxes and taxation #this is a very serious post #please refer to it as such

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jamessherbert624 · 1 year

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What is its overall mission when it comes to tax relief services?

Tax relief companies offer a variety of services to help individuals resolve their tax issues, but what is their overall mission when it comes to these services? In this article, we’ll take a closer look at the mission of tax solution companies and what they aim to accomplish for their clients.

Assisting Individuals in Resolving Tax Issues

The primary mission of tax solution companies is to assist individuals in resolving their tax issues. This can include helping clients navigate issues such as tax debt, IRS audits, tax liens, and wage garnishments. By providing expertise and guidance in these areas, tax solution companies can help individuals achieve a positive outcome and move forward with their financial goals.

Offering a Range of Services

In addition to assisting with tax issues, tax solutions companies also aim to offer a range of services to their clients. This can include tax preparation, tax planning, and financial consulting services. By providing these additional services, tax solution companies can help individuals not only resolve their current tax issues but also plan for their future financial goals.

Educating Clients on Tax Issues

Another key mission of tax solution companies is to educate their clients on tax issues. This can include providing resources and guidance on topics such as tax laws, IRS procedures, and tax resolution options. By educating their clients, tax solution companies can help individuals make informed decisions about their tax situation and take proactive steps to avoid future issues.

Prioritizing Customer Satisfaction

Finally, tax solution companies aim to prioritize customer satisfaction in all of their services. This can include offering a satisfaction guarantee, providing regular updates and communication throughout the process, and ensuring that clients feel informed and empowered throughout the process. By prioritizing customer satisfaction, tax solution companies can build long-term relationships with their clients and establish a reputation for excellence in the industry.

In conclusion, the overall mission of tax solution companies is to assist individuals in resolving their tax issues, offer a range of services to help them achieve their financial goals, educate clients on tax issues, and prioritize customer satisfaction in all of their services. By choosing a reputable tax solution company, individuals can get the help they need to navigate their tax issues and achieve financial stability.

#income taxes #taxes #taxes and taxation #tax services

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uninspiredtroubadour · 1 year

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Greetings fellow travelers! I hope I find you well. Today was another busy one. Started with finishing up my taxes (gross) and filing my FAFSA (fun because yay college). I also worked on my car today. Hopefully I'll have it fixed soon.

I also bought myself a new laptop. I'm waiting for it to arrive. I have had a new once since 2018.

I also learned the fingering of Au Claire de Lune on the tin whistle. Fun things are ahead for me.

I hope my musings find you well. Safe travels and godspeed.