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Old 03-02-2009, 06:45 PM   #306
sugarpop
Professor
 
Join Date: Nov 2008
Location: the edge of the abyss
Posts: 1,947
Quote:
Originally Posted by TheMercenary View Post
But I can't hide my money. It goes through a bank, which along with my employers report my income on W-2's and 1099's. I can only shield my income from further taxation by maximizing my legal pre-tax deductions and taking every other deduction I can legally take. What is not fair is that I pay for people who don't pay taxes, while 42% of my income goes to the government. Where is the incentive? The incentive under these taxation programs is to be poor and let the government pay for your needs.

The whole point is that billions are lost to people who do not report income. I cannot do that.
I don't believe you should be paying 42%. I don't think anyone should pay that much. Not even Bill Gates or Warren Buffet. Ok, maybe them.

I thought you had said somewhere that you didn't care if they raised taxes because you would hide your income. Sorry if I misunderstood. Maybe you were just being facetious.
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