Kvetch said:

---

Bubblez said:

---

Ellis Wyatt said:

---

Fedup said:

---

Yes agree. But if you think you're middle class, then this admin thinks you're part of the entitled rich.

---

The OP fully supports this regime. He thinks they aren't marxist enough.

---

The current tax policy is very much where Trump left it.

And yes, if Marxism means the wealthy pay according to how much they benefit from this economic system, then call me a Marxist. The scales are no where close to being balanced

---

What is their fair share? The wealthy account for the entirety of the net tax revenue and they create all of the jobs that support the middle class.

So please, very specifically, define fair share.

---

They can't, there is no logic to their reasoning.....just feelz. They don't understand capitalist economics or incentives.

Seeing leftists complain about taxes is funny.

CyclingAg82 said:

---

Kvetch said:

---

Bubblez said:

---

Ellis Wyatt said:

---

Fedup said:

---

Yes agree. But if you think you're middle class, then this admin thinks you're part of the entitled rich.

---

The OP fully supports this regime. He thinks they aren't marxist enough.

---

The current tax policy is very much where Trump left it.

And yes, if Marxism means the wealthy pay according to how much they benefit from this economic system, then call me a Marxist. The scales are no where close to being balanced

---

What is their fair share? The wealthy account for the entirety of the net tax revenue and they create all of the jobs that support the middle class.

So please, very specifically, define fair share.

---

They can't, there is no logic to their reasoning.....just feelz. They don't understand capitalist economics or incentives.

---

The just want a society where everyone is equal without understanding that the outcome would be everyone equally miserable except for those in charge. These people do not understand history and want to doom us to repeat it.

FWAppraiser said:

---

gigemhilo said:

---

bmks270 said:

---

Isn't the penalty pretty minor?

---

it's essentially interest for not paying enough in through the year.

---

Which is absolutely absurd because the IRS doesn't pay interest if you overpay. It's completely backwards. The government thinks it's their money that they allow you to have instead of your money that they're taking. The income tax is a terrible thing that should have never happened. The 16th amendment and the IRS need to go.

---

Actually the 16th isn't even the biggest problem. The biggest problem is Federal Withholding. Most people don't realize that Federal Withholding was an emergency measure started in the height of WWII that EVERYONE who did it knew was completely unconstitutional but they did it because the country was about to go bankrupt. A classic example of never letting a crisis go to waste. Of course after the war was over they realized just how amazing it was to make employers into the tax collectors for the government and that they could even get the rubes to think that now when they started taking too much of your money you got a "refund" of your own money.

Prior to Federal Withholding the government had to collect everything from self reporting and paper trails were much harder for them. Also, most folks didn't pay income taxes at all because they didn't make enough money. Once the government was able to get employers to do their dirty work for them it gave them immense amounts of control over everyone and actually made them look like the good guys for giving you back some of your own money.

Make people write a check once a year for ALL of their taxes and then see what the tax rates are. Don't have it be some little fee that disappears from your check, make people understand what they are really paying. That will fix the problem faster than anything and it will shift the balance of power back to the people.

A pay taxes

B middle class isn't over taxed on income

C we shouldn't have to be professionals trained in a system that can penalize you and even put you in jail for something you have to do and provide no training and we shouldn't have to pay people to figure what's owed and kt should take 1 minute.

It literally takes me hours upon hours to-do my taxes

I hate it

Revenue based tax or sales tax and end the racket

Bubblez said:

---

Capital gains hit me quite hard and the IRS isn't happy with how much tax was withheld. So I got dinged with an underpayment penalty. That is just rubbing salt into the wound.

The whole tax system really still favors the wealthy. No way should the middle class be paying so much.

---

ChemEAg08 said:

---

Seeing leftists complain about taxes is funny.

---

Complaining about capital gains while advocating for more of the same and assuming only the "wealthy" will have to pay more.

Bubblez said:

---

Ellis Wyatt said:

---

Fedup said:

---

Yes agree. But if you think you're middle class, then this admin thinks you're part of the entitled rich.

---

The OP fully supports this regime. He thinks they aren't marxist enough.

---

The current tax policy is very much where Trump left it.

And yes, if Marxism means the wealthy pay according to how much they benefit from this economic system, then call me a Marxist. The scales are no where close to being balanced

---

Other people should pay because they are "wealthy" and "benefit from this economic system".
But squeals when you have to pay.

Typical democrat.

You should be glad you are paying your "fair share"

And FYI, Trump fixed a far ****tier tax system that you consistently vote for. What an absolutely pathetic post.

Bubblez said:

---

Definitely Not A Cop said:

---

AustinScubaAg said:

---

Definitely Not A Cop said:

---

It takes real delusion to move further left after you start paying taxes on stuff like capital gains. Impressive OP.

If you want a fair system, everyone should be taxed the same percentage. No more loopholes for the rich or poor, while the middle class gets screwed.

---

Lets be honest here it is really the super rich that get the loopholes. Any high income person that make a substantial portion of their income from W-2 income is screwed,

---

And the super poor get all sorts of loopholes too. They get refunded pretty much any taxes they owed while on average using way more government services.

---

And all of that still is a drop in the bucket with respect to their wealth

---

Grow up. Work harder. Then donate all your wealth back to someone who didn't do anything to earn it.

Infinite liberal points.

Bubblez said:

---

Keller6Ag91 said:

---

Bubblez said:

---

Ellis Wyatt said:

---

Fedup said:

---

Yes agree. But if you think you're middle class, then this admin thinks you're part of the entitled rich.

---

The OP fully supports this regime. He thinks they aren't marxist enough.

---

The current tax policy is very much where Trump left it.

And yes, if Marxism means the wealthy pay according to how much they benefit from this economic system, then call me a Marxist. The scales are no where close to being balanced

---

"No where close to being balanced". So when the top 50% of income earners carry 97% of the Individual tax burden, when are we getting "balanced"? And the top 1% carry over 25% of the burden. Again, what is balanced?

https://taxfoundation.org/publications/latest-federal-income-tax-data/

---

The top 1% have over 34% of the wealth locked up. The bottom 50% have less than 2%. Our taxation should be focused on wealth

---

They've earned their wealth. They've taken risks. They've invested capital.

You've done none of these things, so here you are masquerading your greed and envy as a virtue. You are fooling no one.

Bubblez said:

---

Capital gains hit me quite hard and the IRS isn't happy with how much tax was withheld. So I got dinged with an underpayment penalty. That is just rubbing salt into the wound.

The whole tax system really still favors the wealthy. No way should the middle class be paying so much.

---

Not a fan of the tax system either, but you are blatantly lying and/or are misinformed about who pays taxes in this country as others have already pointed out.

That's par for the course for Democrats though.

Leftism, which is an evil mix of Marxism and Communism, gives people an excuse for their failures, other than themselves.
This is very attractive to weak-minded people.

To the leftists reading this:
If you live in America, you are living in the most successful, richest, most tolerant society humans have ever created. That is a fact. In addition, it affords you the highest average standard of living in the history of the world.

If you are failing in this environment, the fault is yours and yours only. If you want to find the reason you aren't where you want to be in life, simply look in the mirror and make the changes to become the best version of yourself you can be.

Quit blaming others and get to work on yourself. You will find that your life will change in a positive way and your politics will likely change as well. Leftist beliefs are poison for the mind and for personal growth.

Bubblez said:

---

Capital gains hit me quite hard and the IRS isn't happy with how much tax was withheld. So I got dinged with an underpayment penalty. That is just rubbing salt into the wound.

The whole tax system really still favors the wealthy. No way should the middle class be paying so much.

---

I can't believe after 3 pages of bellyaching , no one has suggested completing a Form 2210.

Fill it out. You'll likely eliminate some if not all of the underpayment penalty if, in fact, your increase in income was due to large capital gains compared to last year.

e=mc2 said:

---

I'm still waiting for the IRS to send me my money from last year. Too bad I can't charge them penalties and interest.

---

You need to call taxpayer advocate to see if you can get that resolved. They have basically admitted that some refunds got hung up in the system.

Not only should all taxpayers be paying the same federal tax, it should not even be a %, it should be a hard $$ figure. This "pay their fair share" BS is nothing but government theft. The top 20% already pay way too much and 60% pay nothing.

If you are a working adult it should not matter what your income is, you are a taxpayer and a consumer of government services and benefits and each should pay equally to support the government.. One could actually argue that lower income taxpayers should be paying a higher % of their income as they use the government services more.

Bubblez said:

---

Capital gains hit me quite hard and the IRS isn't happy with how much tax was withheld. So I got dinged with an underpayment penalty. That is just rubbing salt into the wound.

The whole tax system really still favors the wealthy. No way should the middle class be paying so much.

---

The data says it is the bottom 90% aren't paying their fair share of income taxes based on the total income across the entire country. And the top 1% are paying double the expected share.

Of course, our tax system is now not about creating economic growth, it is about electoral politics and creating hatred and envy across classes.

e=mc2 said:

---

I'm still waiting for the IRS to send me my money from last year. Too bad I can't charge them penalties and interest.

---

That is wild. I submitted our taxes last Friday and got our refund on Wednesday. First time we've gotten a refund in almost 20 years.

Feel your pain though. I never got my EIN for my LLC. I think a lot of requests submitted during Covid were simply lost. I bet you will have to redo it all and start over.

TTUArmy said:

---

The economic illiteracy of leftists is breath-taking.

---

Truth

Jarrin' Jay said:

---

Not only should all taxpayers be paying the same federal tax, it should not even be a %, it should be a hard $$ figure. This "pay their fair share" BS is nothing but government theft. The top 20% already pay way too much and 60% pay nothing.

If you are a working adult it should not matter what your income is, you are a taxpayer and a consumer of government services and benefits and each should pay equally to support the government.. One could actually argue that lower income taxpayers should be paying a higher % of their income as they use the government services more.

---

I was just typing up a similar response. The "hard $$ figure" should be calculated as the government's budget for the year divided by the number of people. That ought to drive down government spending. But what to do with those that won't/can't pay their share? No gov't benefits until they're paid up, do gov't work to pay their debt, serve time?

GrapevineAg said:

---

Jarrin' Jay said:

---

Not only should all taxpayers be paying the same federal tax, it should not even be a %, it should be a hard $$ figure. This "pay their fair share" BS is nothing but government theft. The top 20% already pay way too much and 60% pay nothing.

If you are a working adult it should not matter what your income is, you are a taxpayer and a consumer of government services and benefits and each should pay equally to support the government.. One could actually argue that lower income taxpayers should be paying a higher % of their income as they use the government services more.

---

I was just typing up a similar response. The "hard $$ figure" should be calculated as the government's budget for the year divided by the number of people. That ought to drive down government spending. But what to do with those that won't/can't pay their share? No gov't benefits until they're paid up, do gov't work to pay their debt, serve time?

---

Workhouses and debtors' prison?

Bubblez said:

---

Capital gains hit me quite hard and the IRS isn't happy with how much tax was withheld. So I got dinged with an underpayment penalty. That is just rubbing salt into the wound.

The whole tax system really still favors the wealthy. No way should the middle class be paying so much.

---

You do realize you likely paid less tax on the capital gains so you were taking advantage to the system you are complaining about.

You do not see me whining that my taxes were higher this year on lower income than the previous year because the income sources were different. Whining on a message board about paying to much taxes is just dumb.

Bubblez said:

---

Keller6Ag91 said:

---

Bubblez said:

---

Ellis Wyatt said:

---

Fedup said:

---

Yes agree. But if you think you're middle class, then this admin thinks you're part of the entitled rich.

---

The OP fully supports this regime. He thinks they aren't marxist enough.

---

The current tax policy is very much where Trump left it.

And yes, if Marxism means the wealthy pay according to how much they benefit from this economic system, then call me a Marxist. The scales are no where close to being balanced

---

"No where close to being balanced". So when the top 50% of income earners carry 97% of the Individual tax burden, when are we getting "balanced"? And the top 1% carry over 25% of the burden. Again, what is balanced?

https://taxfoundation.org/publications/latest-federal-income-tax-data/

---

The top 1% have over 34% of the wealth locked up. The bottom 50% have less than 2%. Our taxation should be focused on wealth

---

They CREATED that wealth. It didn't exist until their assets appreciated in value using the magic fairy dust called ingenuity (which leftist demean by calling it "labor").

Quote:

---

Wealth is not a pizza, where if I have too many slices you have to eat the Domino's box.

P. J. O'Rourke

---

Most of it is only "locked up" in the sense that it is invested in assets that the owners are working to make more valuable. It's not a Scrooge McDuck comic book. The wealthy invest in assets and not stacks of currency and coins sitting around waiting the be taxed in percentages.

The bottom 50% are not prohibited from creating wealth through ingenuity. Rather than having the bottom 50% leverage the free enterprise system to create wealth for themselves, you would have the wealth that others created taken and spent for the "needs" of the bottom 50%.

Quote:

---

Opportunity is missed by most people because it is dressed in overalls and looks like work.
-Thomas Edison

---

Bubblez said:

---

Capital gains hit me quite hard and the IRS isn't happy with how much tax was withheld. So I got dinged with an underpayment penalty. That is just rubbing salt into the wound.

The whole tax system really still favors the wealthy. No way should the middle class be paying so much.

---

There aren't enough wealthy people to pay for the government you want and love.

If you *confiscate* the wealth of every billionaire in the US, you would have stolen 3.2 Trillion dollars.
https://en.wikipedia.org/wiki/List_of_wealthiest_Americans_by_net_worth

That would give you a whopping half a year of government spending, and no more billionaires that you can whine about.

Quote:

---

The US government's Bureau of Economic Analysis for 2019 estimates $7.3 trillion in total government expenditure and $21.4 trillion total GDP which is 34%.

---

https://en.wikipedia.org/wiki/Government_spending_in_the_United_States#cite_note-bea-1

That is why i consider Bernie supporters ****ing morons. There are no other words for it.
As long as you keep voting for Big Government, the middle class and suckers like you are the ones who have to pay for it. The rest of us are collateral damage from your lack of understanding of economics

Taxes, tax revenue, is not the problem, spending is the problem. There can never be enough taxes to cover the out of control spending and borrowing.

The way our tax system works:

Person A makes $250K
Person B makes $40K

They go out to dinner together and have the exact same meal, Person As bill may be $100 and Person Bs bill may be $7. Try to run a business like that and see how long it lasts....

They received the same value and service, their bills should be equal.

Bubblez said:

---

Ellis Wyatt said:

---

Fedup said:

---

Yes agree. But if you think you're middle class, then this admin thinks you're part of the entitled rich.

---

The OP fully supports this regime. He thinks they aren't marxist enough.

---

The current tax policy is very much where Trump left it.

And yes, if Marxism means the wealthy pay according to how much they benefit from this economic system, then call me a Marxist. The scales are no where close to being balanced

---

LOL it's actually the poor who benefit disproportionately from this economic system and the jobs/opportunities that the "rich" create. What a moronic statement.

Bubblez said:

---

The top 1% have over 34% of the wealth locked up. The bottom 50% have less than 2%. Our taxation should be focused on wealth

---

This guy is mad because he can't even correctly pay taxes on realized capital gains, but now he wants the government to start taxing unrealized gains (which are orders of magnitude more complex and far more likely to generate a massive surprise tax bill).

If you're not going to take the time to read up on and understand complex issues then stop freaking voting.

How about everybody pays taxes. Then maybe just maybe there would be more control over spending.

Bubblez said:

---

Keller6Ag91 said:

---

Bubblez said:

---

Ellis Wyatt said:

---

Fedup said:

---

Yes agree. But if you think you're middle class, then this admin thinks you're part of the entitled rich.

---

The OP fully supports this regime. He thinks they aren't marxist enough.

---

The current tax policy is very much where Trump left it.

And yes, if Marxism means the wealthy pay according to how much they benefit from this economic system, then call me a Marxist. The scales are no where close to being balanced

---

"No where close to being balanced". So when the top 50% of income earners carry 97% of the Individual tax burden, when are we getting "balanced"? And the top 1% carry over 25% of the burden. Again, what is balanced?

https://taxfoundation.org/publications/latest-federal-income-tax-data/

---

The top 1% have over 34% of the wealth locked up. The bottom 50% have less than 2%. Our taxation should be focused on wealth

---

How is wealth locked up?


I recommend reading Atlas Shrugged, you would be what is described as a "looter" in that book.

Jarrin' Jay said:

---

Taxes, tax revenue, is not the problem, spending is the problem. There can never be enough taxes to cover the out of control spending and borrowing.

The way our tax system works:

Person A makes $250K
Person B makes $40K

They go out to dinner together and have the exact same meal, Person As bill may be $100 and Person Bs bill may be $7. Try to run a business like that and see how long it lasts....

They received the same value and service, their bills should be equal.

---

Yes, I was agreeing with you.

And for icrymyselftosleep, perhaps I did not properly convey my meaning... I don't think withholding gov't benefits, workhouses, or debtors prisons are the proper solution for those who won't/can't pay their taxes - they have not been shown to work. But I don't know what you'd do to those who don't contribute.

We essentially just had to pay back the child tax credit advance since it was already accounted for on our W-4.

Just stop voting for democrats. Easy decision. By the way make sure the milque toast wives and other independents you know get the message.

Bubblez said:

---

Keller6Ag91 said:

---

Bubblez said:

---

Ellis Wyatt said:

---

Fedup said:

---

Yes agree. But if you think you're middle class, then this admin thinks you're part of the entitled rich.

---

The OP fully supports this regime. He thinks they aren't marxist enough.

---

The current tax policy is very much where Trump left it.

And yes, if Marxism means the wealthy pay according to how much they benefit from this economic system, then call me a Marxist. The scales are no where close to being balanced

---

"No where close to being balanced". So when the top 50% of income earners carry 97% of the Individual tax burden, when are we getting "balanced"? And the top 1% carry over 25% of the burden. Again, what is balanced?

https://taxfoundation.org/publications/latest-federal-income-tax-data/

---

The top 1% have over 34% of the wealth locked up. The bottom 50% have less than 2%. Our taxation should be focused on wealth

---

The left loves to throw that out, but if you are rich like this, you don't have billions of dollars of liquid cash. You have assets like property/stocks/investments. You can't go sell all of that and walk away without paying massive capital gains taxes. Look at Elon's tesla stock sale where he made the single greatest tax payment in history. Meanwhile, as they market crashes, all those assets drop like a rock (stocks) and now their massive % of wealth is gone.

Own nothing, start a business and write everything off you can, and use the system just like other smart people do. If you do not like this, change the system. Your overlords love it. Look at Biden, Bernie, and Pelosi. They've all used this same system to get rich ****. Funny how all the politicians that complain about the rich are rich themselves. The left eats this lie up, and ignores the truth.

Not sure why anyone feels sympathetic for the OP, he/she make a boatload of money last year and did not take 10 minutes to research the tax consequences. Sounds like a personal problem and not the government's.

ac04 said:

---

Bubblez said:

---

The whole tax system really still favors the wealthy.

---

the top 1% of earners pay 40% of all income tax collected.

the top 10% pay 70% of income tax.

the top 25% pay 87%.

the top 50% pay 100%.

---

Yup