Tax the rich, feed the poor, 'til there are no rich no more

[rifleman 61]

20 minutes ago, mbohu said:

What counts as "income" in the UK? Does it include investment income? (only when the assets are turned into cash or at the moment they appreciate on paper?) How about inheritance? Generally speaking, the US also has a progressive taxation system.

Income is generally considered to be money earned from employment and dividends on shares. Investments such as stocks, bonds and property normally only attract tax when they've been realised. In the UK it's called Capital Gains Tax. Inheritance Tax covers money and property left in wills but there are quite high thresholds. Money acquired from gambling may be taxable but betting shops will generally give you the option of paying tax on the stake rather than on the winnings.

[turtlespeed 212]

On 11/27/2019 at 12:40 PM, rifleman said:

Income is generally considered to be money earned from employment and dividends on shares. Investments such as stocks, bonds and property normally only attract tax when they've been realised. In the UK it's called Capital Gains Tax. Inheritance Tax covers money and property left in wills but there are quite high thresholds. Money acquired from gambling may be taxable but betting shops will generally give you the option of paying tax on the stake rather than on the winnings.

Income here is referred to as "Uncollected Taxes" (wages and such)

[billvon 2,396]

11 hours ago, turtlespeed said:

Income here is referred to as "Uncollected Taxes" (wages and such)

Only when you are talking about the poor and middle class.  In the upper class, income is referred to as "trickles" and must not be touched.

[turtlespeed 212]

21 hours ago, billvon said:

Only when you are talking about the poor and middle class.  In the upper class, income is referred to as "trickles" and must not be touched.

That is actually not true.

It must be touched.

[billvon 2,396]

6 hours ago, turtlespeed said:

That is actually not true.

It must be touched.

Why, you prosperity-hating socialist, you!

[brenthutch 383]

On 11/21/2019 at 7:28 PM, kallend said:

Something I came to appreciate in 39 years of teaching American college freshpersons….

Look at who is woke.

[turtlespeed 212]

6 hours ago, billvon said:

Why, you prosperity-hating socialist, you!

Why would you say it like that?  

OH - I get it - either you are with us or against us.

Evidently you aren't allowed to have a different, moderate opinion.  I get it.

 

[kallend 1,623]

So having reduced average overall tax rates for billionaires below those of the middle class, Trump now proposes taking food from the poor to pay for it.

[DJL 232]

20 hours ago, kallend said:

So having reduced average overall tax rates for billionaires below those of the middle class, Trump now proposes taking food from the poor to pay for it.

Which will not actually save enough money to cover the difference anyway.

[billvon 2,396]

On 12/4/2019 at 5:20 AM, turtlespeed said:

Why would you say it like that?  

Figured I'd give you a Turtle type answer, you being a turtle and all.  But seriously, good to see you seeing both sides.

[turtlespeed 212]

On 12/6/2019 at 9:23 PM, billvon said:

Figured I'd give you a Turtle type answer, you being a turtle and all.  But seriously, good to see you seeing both sides.

I usually do see both sides.

but . . . thanks?

 

Edited December 9, 2019 by turtlespeed