This is fair??

Pay no taxes and still get a refund

Monday, February 18, 2013 by Uvah | Discussion: Community

Sorry but this has to be said. Facebook posted an enormous profit for 2012 to the tune of 1 Billion dollars. Paid no income taxes and got a refund of 429 million dollars. No wonder this country is so f****d up. It really pissed me off!

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Island Dog
Reply #1 Monday, February 18, 2013 11:52 AM

LightStar
Reply #2 Monday, February 18, 2013 12:53 PM

THERE SHOULD BE NO TAX BREAKS FOR THE RICH OR BIG CORPORATIONS AT ALL... NONE... ZIP... NOTTA!!!

I agree with Ross, this country is so f'd up it's pathetic!

DaveRI
Reply #3 Monday, February 18, 2013 1:20 PM

Ya I think I've been "trickled down on" about enough.

ZubaZ
Reply #4 Monday, February 18, 2013 1:32 PM

http://www.fairtax.org/site/PageServer?pagename=FairTax_and_Business

doortech1
Reply #5 Monday, February 18, 2013 2:01 PM

Politics, get it out!Lol

LightStar
Reply #6 Monday, February 18, 2013 2:39 PM

Not about politics, about taxes. If you go to that link Zubaz posted, click on the Home link and watch the video, its enough to make one cry.

 

Better yet, this is quicker:  http://www.fairtax.org/site/PageServer

 

I do not however totally agree with them, taxing food and medical spending, which are necessities of life, is just plain wrong.

Phoon
Reply #7 Monday, February 18, 2013 4:07 PM

you may THINK this isn't about politics. It's teetering on the razors edge of it though and I will bet that unless this thread is locked,... pronto, it is going to turn in to politics in the extreme. Frog says no politics on here... period.

Talking about taxes is about as political as you can get.. 

Uvah
Reply #8 Monday, February 18, 2013 8:48 PM

It was just a rant, blowing off steam as it were. Nothing more.

aunteachrist
Reply #9 Tuesday, February 19, 2013 3:00 AM

Pissed off, is better than pissed on. 

 

 

 

 

 

 

Unless,  urine to that. 

starkers
Reply #10 Tuesday, February 19, 2013 8:06 AM

Facebook posted an enormous profit for 2012 to the tune of 1 Billion dollars. Paid no income taxes and got a refund of 429 million dollars.

Yup, that'd get my dander [ire] up.  It's another case of the rich getting richer... at everyone else's expense... happens all over the world.

However, if this were a headline about an Aussie company ripping off the country [read taxpayer], I'd have some rather colourful language to impart.

In any event, it is an enormous travesty and it needs to be remedied... and laws to prevent it ever happening again.

Uvah
Reply #11 Tuesday, February 19, 2013 8:14 AM

aunteachrist
Pissed off, is better than pissed on. 

 

 

 

 

 

 

Unless,  urine to that. 

EEWWW! That stinks but not as much as tripping and falling face first into a pile of dog poop, I was about twelve. BTW...my folks had two Great Danes at the time, big ones!

WOM
Reply #12 Tuesday, February 19, 2013 8:24 AM

Did my taxes and found out I own and I'am retired.  Because I owe, I have to pay a penalty.  Now that sucks.

LightStar
Reply #13 Tuesday, February 19, 2013 8:49 AM

Did my taxes and found out I own and I'am retired.  Because I owe, I have to pay a penalty.  Now that sucks.

 

I am retired too WOM, from the military though. So I have them take an extra $25 a month in federal taxes every month. I just consider it like a savings account I guess, because I get it back after filing my taxes. I do it just to be sure I don't owe the government anything at the end of the year. You might consider having a little extra paid out every month too, it may help.

DrJBHL
Reply #14 Tuesday, February 19, 2013 8:59 AM

LightStar
I just consider it like a savings account I guess, because I get it back after filing my taxes.

Minus the inflation. Actually, WOM is probably (and hopefully) paying less if there are no penalties attached.

LightStar
Reply #15 Tuesday, February 19, 2013 10:13 AM

DrJBHL

Quoting LightStar, reply 13I just consider it like a savings account I guess, because I get it back after filing my taxes.

Minus the inflation. Actually, WOM is probably (and hopefully) paying less if there are no penalties attached.

 

Well, he said he had to pay a penalty Doc. Sad.

Wizard1956
Reply #16 Tuesday, February 19, 2013 10:37 AM

I don't even have a job and "made" a pathetic amount of money last year from unemployment. I paid Federal and State taxes on that money.

My Mother is in her 70's, my Stepdad is in his 80's. Both are long since retired and living on Social Security, they paid the same taxes.

So, what is wrong with this picture?

DaveBax
Reply #17 Tuesday, February 19, 2013 11:39 AM

Did my taxes and found out I own and I'am retired.  Because I owe, I have to pay a penalty.  Now that sucks.

Don't quite understand htat unless you are over a certain amount. This is the second year since I retired I have done my taxes. Last year I had to pay $~!40.00 and this year it's $148. Paid no penalty last year and was told no penalty this year. After taliking to my fininical adivsor and an actual tax Lawyer I was told I won't be charged unless I owed over 5 hundred dollars. So when I take money from my accounts each year I have no tax taken out which i could if I wanted. Easier to pay the little I owe than have money taken out each year. At least for me. If I knew I was going to receive a penalty I would have tax money taken out rather than paying extra charges.

starkers
Reply #18 Tuesday, February 19, 2013 1:09 PM

For mine, the US tax system is about as f**ked as you can get.  Retired people should never have to pay taxes unless they're earning huge amounts of interest on savings and/or investments.  Here in Oz, pensioners do not pay personal/income tax unless they have additonal income over about $120 per fortnight.... then they pay about 30c in the dollar or something. Usually, however, most pensioners/retired people pay nothing. Unemployed persons do not pay tax, either... not until they're employed

Here in Oz, we consider pensioners, the disabled and unemployed to be at the low end of the socio-economic scale - the poorest of society - and therefore are not required to pay personal/income tax.  And what's this paying taxes into your 80's???  I mean, doesn't the US Gov't think you've contributed enough during your regular working life?

And when a multi-million dollar corporation gets a refund of 429 million dollars after paying nothing in, there is something seriously wrong with the system.  Yup, if I were the American people, I'd be calling for heads... and gonads [to prevent like-minded offspring].

Fuzzy Logic
Reply #19 Tuesday, February 19, 2013 1:35 PM

And I thought UK taxes were bad...

A normal allowance per year is £8,105.00 before tax, then it's 20% on earnings over that, 40% over £34,370.00 and 50% over 150,000.00.

starkers
Reply #20 Tuesday, February 19, 2013 3:19 PM

Fuzzy Logic
And I thought UK taxes were bad...

Frankly, taxes in any Western Nation are bad.  I mean, look who gets paid first.... then there's their golden handshakes and exceedingly generous retirement funds... all out of taxpayers dollars/pounds/euros, etc.  Then there's the grants to fund highly ridiculous studies that do sweet f/a to improve life for anyone.  And all the gov't and bureaucratic overseas trips with an entourage of dozens to wait on the bastards hand and foot.

Yup, everyone in every country should fight for lower taxes and to cut the crap.

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