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GoDucks's comments:
on Taxing Questions
Thank you, John. I tried to say that earlier, but you are much more thorough.
posted 3 years, 11 months ago
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on Taxing Questions
Similar to Reagan.
posted 3 years, 11 months ago
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on Taxing Questions
So, what happens when someone earns a lot of money and does not spend it, saving it instead? Living frugally. They'd pay the same tax as you. Is that really "the fair way"?
posted 3 years, 11 months ago
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on Taxing Questions
My S Corp is taxed low, sure. But when I pay myself a salary, I have to pay "normal" taxes on that, just like any other employee.
Taxing a company's income, and then taxing the employees/officers is double taxing.
posted 3 years, 11 months ago
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on Taxing Questions
If you don't like your income level, try to do something about it!
Get trained for a higher paying skill. Get educated. Work two jobs. Plan better. Save and invest (even $25 a month) in a mutual fund.
There will always be those with physical or other limitations that need support. But the majority of the population is capable of working hard, and progressing up the ladder.
I have a pretty good income, but have risked it all and had to rebuild from nearly scratch two times. It was NOT easy, but if you are determined with a little luck, it can be done.
"Just Do It!"
posted 3 years, 11 months ago
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