There’s a common misconception about taxation that people who are wealthy do not pay their fair share of taxes. That’s certainly true for some people but not for others. What about the lower income people, are they paying all of the taxes to the government? The answer is no. So who is?
LOOK THROUGH MY BOOKS!: http://books.themoneygps.com
SUPPORT MY WORK: https://www.patreon.com/themoneygps
PAYPAL: https://goo.gl/L6VQg9
BITCOIN: 1MbAUXsHa8XRFMHjGurd7L5nRDYJYMQQmq
ETHEREUM: 0xece0Dd6D0b4617A8D94cff634C64155bb1cD8C2C
LITECOIN: LWh6fji4WrJT7FAbFvFSZ9jVNCgVM3dHod
DASH: Xj9RXrvhXbaL3prMDvdzAxM8gDB2vDiZrh
MONERO:47q5qDPkDBLRadwcSXDsri3PNniYRYY1HYAhidXWAg8xXHFFZHFi7i9GwwmZN9J5CJd8exT4WARpg2asCzkuoTmd3dfcXr6
STEEMIT: https://steemit.com/@themoneygps
DTUBE: https://dtube.video/c/themoneygps
VIDME: https://vid.me/themoneygps
T-SHIRTS: http://themoneygps.com/store
Sources Used in This Video:
https://goo.gl/UpprQe
OMB: Top 20% pay 95% of taxes, middle class 'single digits'
http://www.washingtonexaminer.com/omb-top-20-pay-95-of-taxes-middle-class-single-digits/article/2638746
The rich do not pay the most taxes, they pay ALL the taxes
https://www.cnbc.com/2013/12/11/the-rich-do-not-pay-the-most-taxes-they-pay-all-the-taxes.html
I don't agree taxation is theft. Who do you believe should pay for national defense? Hwo do you propose that would happen without proper taxation authority?
Taxation is not in itself a bad concept. It is just very very poorly implemented in the US, since we, the citizens allow the government to do such a bad job.
Look at taxation in Switzerland. That is a better system
Implementation of taxation system is poorly done.
We pay income tax, property tax, gasoline tax, land transfer tax, capital gains tax...Everything is taxed. Almost 100% of it goes to kill people overseas. I don't want to participate in that. I can't avoid buying things when I need them but I would surely like to not pay income tax. Major corporations don't seem to need to pay.
Something like half the federal budget is for the military, of which only a portion goes to active military actions... so no, "Almost 100%" does not go to kill people overseas.
And none of your property taxes do, those are local and fund things like schools.
Why should anyone believe anything you say about taxes when you don't even understand the fundamentals?
Maybe someone can explain to me how any taxation is justified when the government has the monopoly on creating the currency out of thin air? Since they can enter an amount into an account, there is no reason they should require others to pay for it with currency that was earned. That is unfair..
And dont feed me the BS with the razzle dazzle that it has to pay interest on its bonds that its bank (that it transfered its monopoly to) purchased. That is merely an engineered foreclosure and is a fraud on its face!
This is a crime.
Taxation is theft. It’s extortion. I’ve made some unpopular comments in this video but I strongly believe in it so I must stand by it.
No matter how much money a government brings in with taxation, they will always need more and it seems that nothing positive is ever done.
Serfs would revolt if they had to pay 10% in taxes. That was the breaking point. Now we look at corporations who pay 10% as if they are getting a really good deal. Times have changed.
If I earn money, I deserve to keep it. Same goes for you.
Try that logic with your landlord: https://steemit.com/anarchy/@telos/the-landlord-analogy
Hello & Cheers!! I'm a content detection and information bot. You are receiving this reply because a short link or links have been detected in your post/comment. The purpose of this message is to inform your readers and yourself about the use of and dangers of short links.
To the readers of the post: Short links are provided by url shortening services. The short links they provide can be useful in some cases. Generally their use is benign. But as with all useful tools there are dangers. Short links can be used to hide all sorts of things. Quite frequently they are used to hide referral links for instance. While not dangerous this can be deceptive. They can also be used to hide dangerous links such as links to phishing sites, sites loaded with malware, scam sites, etc. You should always be extremely cautious before clicking on one. If you don't know and trust the poster don't click. Even if you do you should still be cautious and wary of any site you are sent to. It's always better to visit the site directly and not through a short link.
To the author of the post: While short links may be useful on some sites they are not needed on steemit. You can use markdown to format your links such as this link to steemit. It's as simple as
[steemit](https://steemit.com)Unlike short links this allows the reader to see where they are going by simply hovering over the link before they click on it.