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Getbig Main Boards => Gossip & Opinions => Topic started by: Bad Boy Dazza on March 24, 2013, 07:40:32 AM

Title: Why is tax so much higher than it was 100 years ago?
Post by: Bad Boy Dazza on March 24, 2013, 07:40:32 AM
In 1900 at all 3 levels US govt too approx 7 percent of the nations income.

Today that is much much higher.

Can someone explain why?

Title: Re: Why is tax so much higher than it was 100 years ago?
Post by: Stephano on March 24, 2013, 07:57:55 AM
The gradual encroachment of tyranny?
Title: Re: Why is tax so much higher than it was 100 years ago?
Post by: rocco-x on March 24, 2013, 08:05:20 AM
because the Federl Reserve is about as Federal as Federal Express.the whole system of the IRS isn't even run by our own government.it's a privately owned entity backed by the rich oil companies,bankers and military supply conglomerates.no law in our Constitution stating we MUST pay taxes on wages earned yet owe them $1 and they'll kick in your door,remove your kids and steal everything from your last slice of bread to your shit stained underwear till you pay.the biggest mob in history...all backed by the powers of the rich...
Title: Re: Why is tax so much higher than it was 100 years ago?
Post by: Griffith on March 24, 2013, 08:17:05 AM
Till not long along there was not VAT either.

In the UK its 20% and in some European countries almost 25%.

Plus, a worker loses about a third of their pay to tax.

There should really be some slack for people who are breaking their backs everyday and don't earn much money anyway.
Title: Re: Why is tax so much higher than it was 100 years ago?
Post by: Straw Man on March 24, 2013, 08:19:38 AM
In 1900 at all 3 levels US govt too approx 7 percent of the nations income.

Today that is much much higher.

Can someone explain why?

check out how much we were spending on the military 100 years ago or even right before WW2  and you'll have part of the answer
Title: Re: Why is tax so much higher than it was 100 years ago?
Post by: anabolichalo on March 24, 2013, 08:22:32 AM
is it getting better for people at the bottom and worse for those at the top


or worse for everyone
Title: Re: Why is tax so much higher than it was 100 years ago?
Post by: muscularny on March 24, 2013, 12:22:53 PM
who would of thought that what cyprus might do would ever happen, taking money from all bank accounts
Title: Re: Why is tax so much higher than it was 100 years ago?
Post by: quadzilla456 on March 24, 2013, 01:04:53 PM
Bankers should automatically forfeit 99% of their wealth. The owners like the Rothschilds can forfeit 99.999999%. Audit them and then pay off all debts with their wealth - which they stole. You'd have money left for infrastructure projects, sending humans to Mars and beyond, beautifying the world etc.

1/1,000,000 x 500(1,000)(1,000)(1,000,000) =  500,000,000 = 500 million dollars or 1/millionth left of their wealth. Still generous by any standards.
Title: Re: Why is tax so much higher than it was 100 years ago?
Post by: Griffith on March 24, 2013, 02:02:21 PM
who would of thought that what cyprus might do would ever happen, taking money from all bank accounts

It's insane. Governments really are the biggest criminals.

They demand money from you and if you don't give it to them they can put you in jail or worse and ruin your future by blacklisting you.

Complete gangsters.
Title: Re: Why is tax so much higher than it was 100 years ago?
Post by: Voice of Doom on March 24, 2013, 02:19:20 PM
Not only are taxes higher but the dollars you earn have 99% less purchasing power than 100 years ago.
Title: Re: Why is tax so much higher than it was 100 years ago?
Post by: jwb on March 24, 2013, 02:35:09 PM
Start a cash based business and cheat on your taxes.
Title: Re: Why is tax so much higher than it was 100 years ago?
Post by: anabolichalo on March 24, 2013, 02:36:52 PM
Start a cash based business and cheat on your taxes.
like what

Title: Re: Why is tax so much higher than it was 100 years ago?
Post by: Jadeveon Clowney on March 24, 2013, 02:50:14 PM
like what



strip clubs and

liquor stores in poor neighborhoods.

generally a good proposition, except i think someone from one of the neighborhoods followed me home one night and stole the wheels off my escalade.
Title: Re: Why is tax so much higher than it was 100 years ago?
Post by: Jadeveon Clowney on March 24, 2013, 03:07:49 PM
I can confirm that BIG DUB's brother is a barber - he is a big patron of one of my liquor stores.
Title: Re: Why is tax so much higher than it was 100 years ago?
Post by: BIG DUB on March 24, 2013, 03:09:39 PM
I can confirm that BIG DUB's brother is a barber - he is a big patron of one of my liquor stores.

 :D you're funny!
Title: Re: Why is tax so much higher than it was 100 years ago?
Post by: Tapeworm on March 24, 2013, 06:56:53 PM
my brother is a barber.. he makes damn good money..all cash, doesn't claim any on his taxes..bought his own home free and clear..all cars paid for free and clear..He does have a little part time gig he does on the weekend ,that he does claim.

Then tell him to shave your sister's ass.  It's like a damn gorilla's paw in bread dough back there.
Title: Re: Why is tax so much higher than it was 100 years ago?
Post by: The True Adonis on March 24, 2013, 07:00:40 PM
I just found an old Article from the 50s in which my grandfather was indicted for misreporting Income from IRS to the tune of over 2 million dollars in 1951.  The top tax rate then was 90 percent and he did not want to pay.  Instead, he chose jail.  :D
Title: Re: Why is tax so much higher than it was 100 years ago?
Post by: Shockwave on March 24, 2013, 07:03:34 PM
I just found an old Article from the 50s in which my grandfather was indicted for misreporting Income from IRS to the tune of over 2 million dollars in 1951.  The top tax rate then was 90 percent and he did not want to pay.  Instead, he chose jail.  :D
90%? What in the holy fuck..... How in the hell did that ever happen?
Title: Re: Why is tax so much higher than it was 100 years ago?
Post by: BIG DUB on March 24, 2013, 07:04:52 PM
I just found an old Article from the 50s in which my grandfather was indicted for misreporting Income from IRS to the tune of over 2 million dollars in 1951.  The top tax rate then was 90 percent and he did not want to pay.  Instead, he chose jail.  :D

he run a still lol!?
Title: Re: Why is tax so much higher than it was 100 years ago?
Post by: The True Adonis on March 24, 2013, 07:06:23 PM
90%? What in the holy fuck..... How in the hell did that ever happen?

(http://static5.businessinsider.com/image/4e1c5b08ccd1d50779000000-590/lets-begin-with-a-look-at-the-top-income-tax-bracket-since-the-federal-income-tax-was-started-in-1913-as-you-can-see-relative-to-history-its-currently-very-low.jpg)
Title: Re: Why is tax so much higher than it was 100 years ago?
Post by: The True Adonis on March 24, 2013, 07:10:08 PM
he run a still lol!?
He wall papered the entire downstairs with 20 dollar bills and then painted over it when the FEDS closed in.  Interesting guy.  He died when I was 3-4 years old, but I remember sitting on his lap and he would write these math problems with strings of numbers and then take his hand and run down the numbers and try to calculate it all in his head by the time his hand to the end.  He would always be very accurate to the real answer when checked by a calculator.
Title: Re: Why is tax so much higher than it was 100 years ago?
Post by: Shockwave on March 24, 2013, 07:10:20 PM
(http://static5.businessinsider.com/image/4e1c5b08ccd1d50779000000-590/lets-begin-with-a-look-at-the-top-income-tax-bracket-since-the-federal-income-tax-was-started-in-1913-as-you-can-see-relative-to-history-its-currently-very-low.jpg)
Fuck that... so a man that makes 250k a year got to keep 25k? What incentive is there to even make money? How does that make any sense?
Title: Re: Why is tax so much higher than it was 100 years ago?
Post by: The True Adonis on March 24, 2013, 07:12:34 PM
I also remember finding a wallet of his in a desk with a card that said "La Kosher Nostra" and I still have a 33rd degree Mason document and the ring from one of his brothers. 
Title: Re: Why is tax so much higher than it was 100 years ago?
Post by: jwb on March 24, 2013, 07:13:21 PM
like what


Barber is great since there are no inputs in production.

If you do it as a restaurant you need to buy some incredients with cash at Costco and some through normal suppliers with the business account. Why? If you get investigated and you have bought a mega load of food but claim you made no money then you are screwed.
Title: Re: Why is tax so much higher than it was 100 years ago?
Post by: jwb on March 24, 2013, 07:14:00 PM
I also remember finding a wallet of his in a desk with a card that said "La Kosher Nostra" and I still have a 33rd degree Mason document and the ring from one of his brothers.  
Was he Peter Abeles' brother?
Title: Re: Why is tax so much higher than it was 100 years ago?
Post by: The True Adonis on March 24, 2013, 07:14:38 PM
Fuck that... so a man that makes 250k a year got to keep 25k? What incentive is there to even make money? How does that make any sense?
It doesn`t.  He even raised 500,000 dollars in 1944 for the United States war bond effort in one day and that was how they repaid him.  In the 50s though, you had the Red Scare and every Jewish man with a bit of money was a target.  Not even fair. Thank the Republicans for that debacle and the 90 percent rate.
Title: Re: Why is tax so much higher than it was 100 years ago?
Post by: Tapeworm on March 24, 2013, 07:14:44 PM
I also remember finding a wallet of his in a desk with a card that said "La Kosher Nostra" and I still have a 33rd degree Mason document and the ring from one of his brothers. 

Good one, Hyman.  ;D

Title: Re: Why is tax so much higher than it was 100 years ago?
Post by: jude2 on March 24, 2013, 07:18:15 PM
Fuck that... so a man that makes 250k a year got to keep 25k? What incentive is there to even make money? How does that make any sense?
No that isn't how it worked. It was 90% only over the high income limit whatever number that was. You young guys didn't know about those days. The really rich really have it made today.
Title: Re: Why is tax so much higher than it was 100 years ago?
Post by: Jadeveon Clowney on March 24, 2013, 07:19:57 PM
He wall papered the entire downstairs with 20 dollar bills and then painted over it when the FEDS closed in.  Interesting guy.  He died when I was 3-4 years old, but I remember sitting on his lap and he would write these math problems with strings of numbers and then take his hand and run down the numbers and try to calculate it all in his head by the time his hand to the end.  He would always be very accurate to the real answer when checked by a calculator.

Guess we know who to thank for allowing you to be the white Wiggins. A plague on his house.
Title: Re: Why is tax so much higher than it was 100 years ago?
Post by: The True Adonis on March 24, 2013, 07:20:36 PM
No that isn't how it worked. It was 90% only over the high income limit whatever number that was. You young guys didn't know about those days. The really rich really have it made today.
That is how it worked.
Title: Re: Why is tax so much higher than it was 100 years ago?
Post by: Roger Bacon on March 24, 2013, 08:11:29 PM
I also remember finding a wallet of his in a desk with a card that said "La Kosher Nostra" and I still have a 33rd degree Mason document and the ring from one of his brothers. 

Damn, you know 33rds aren't like all the 32nds.  To get the 33rd degree you have to have really accomplished something.  I think the State Lodge only selects a few a year.
Title: Re: Why is tax so much higher than it was 100 years ago?
Post by: littledumbells on March 25, 2013, 05:42:18 AM
In 1900 at all 3 levels US govt too approx 7 percent of the nations income.

Today that is much much higher.

Can someone explain why?



  military spending and entitlements............ ..that is all
Title: Re: Why is tax so much higher than it was 100 years ago?
Post by: StuartR on March 25, 2013, 11:49:38 AM
I like how 90% (no pun intended) of right wing maniacs don't understand the basic concept of MARGINAL tax rates. If the top marginal tax rate is 90% for income over $1,000,000, the second bracket is 40% for $500,000-1,000,000 and the bottom rate is 20% for $0-500,000, a person making $1,000,000 in pre-tax income will take home (500,000-(20%)(500,000)) + (500,000 - (40%)(500,000)) = $700,000.

the MARGINAL tax rate is only effective on portions of income OVER the amount at which they kick in. Hope this helps.
Title: Re: Why is tax so much higher than it was 100 years ago?
Post by: StuartR on March 25, 2013, 11:51:10 AM
That is how it worked.

no, it's not. see above.
Title: Re: Why is tax so much higher than it was 100 years ago?
Post by: deviant on March 25, 2013, 11:59:02 AM
I like how 90% (no pun intended) of right wing maniacs don't understand the basic concept of MARGINAL tax rates. If the top marginal tax rate is 90% for income over $1,000,000, the second bracket is 40% for $500,000-1,000,000 and the bottom rate is 20% for $0-500,000, a person making $1,000,000 in pre-tax income will take home (500,000-(20%)(500,000)) + (500,000 - (40%)(500,000)) = $700,000.

the MARGINAL tax rate is only effective on portions of income OVER the amount at which they kick in. Hope this helps.

Good post, its not a difficult concept but the amount of people that cant get their head around it is frightening....i have colleagues who wont go for promotion or work overtime....

....in case they go into the next tax bracket and take home less than they do now.

 ::)

Doesnt seem to matter how i explain it they still seem to think a higher tax band applies to all of their earnings and not just the amount above the new threshold....fuckwits.

Title: Re: Why is tax so much higher than it was 100 years ago?
Post by: OTHstrong on March 25, 2013, 12:13:52 PM
In 1900 at all 3 levels US govt too approx 7 percent of the nations income.

Today that is much much higher.

Can someone explain why?


We were on horses 100 years ago, there was very few pave roads, very few hospitals, many derived there water from a well, if there was a fire there were no fire trucks to the rescue, no ambulance. No lights at night, no security when travelling long distances, shitty schooling systems, the list is endless for what the government provides now versus what it provided in the past

Sorry bro but we got it made now, taxes for what the government provides is well worth it if you live in the city
Title: Re: Why is tax so much higher than it was 100 years ago?
Post by: The True Adonis on March 25, 2013, 01:02:25 PM
no, it's not. see above.
???
I was agreeing with you.
Title: Re: Why is tax so much higher than it was 100 years ago?
Post by: jude2 on March 25, 2013, 05:49:34 PM
no, it's not. see above.
I know. I pay enough taxes.
Title: Re: Why is tax so much higher than it was 100 years ago?
Post by: StuartR on March 25, 2013, 06:25:49 PM
i have colleagues who wont go for promotion or work overtime....

....in case they go into the next tax bracket and take home less than they do now.

 ::)
]


LOL
Title: Re: Why is tax so much higher than it was 100 years ago?
Post by: StuartR on March 25, 2013, 06:26:59 PM
???
I was agreeing with you.

miscommunication then, my mistake
Title: Re: Why is tax so much higher than it was 100 years ago?
Post by: OTHstrong on March 25, 2013, 06:29:11 PM
miscommunication then, my mistake
The way he responded could have meant both ways, I thought he was disagreeing with you too
Title: Re: Why is tax so much higher than it was 100 years ago?
Post by: StuartR on March 25, 2013, 07:55:40 PM
The way he responded could have meant both ways, I thought he was disagreeing with you too

yeah, but I should have known he was smarter than that. In any case, the idea that taxes are higher (much less "so much higher") than over the past century is literally backwards, talk about false consciousness ::)
Title: Re: Why is tax so much higher than it was 100 years ago?
Post by: 3Dkiller on March 25, 2013, 08:28:10 PM
because the Federl Reserve is about as Federal as Federal Express.the whole system of the IRS isn't even run by our own government.it's a privately owned entity backed by the rich oil companies,bankers and military supply conglomerates.no law in our Constitution stating we MUST pay taxes on wages earned yet owe them $1 and they'll kick in your door,remove your kids and steal everything from your last slice of bread to your shit stained underwear till you pay.the biggest mob in history...all backed by the powers of the rich...

+1
Title: Re: Why is tax so much higher than it was 100 years ago?
Post by: jude2 on March 25, 2013, 09:52:26 PM
The way he responded could have meant both ways, I thought he was disagreeing with you too
He was look at the response to my post.