940
submitted 2 weeks ago by FlyingSquid@lemmy.world to c/news@lemmy.world
you are viewing a single comment's thread
view the rest of the comments
[-] thevoidzero@lemmy.world 3 points 2 weeks ago

That's another reason US tax system baffles me. Why does it make it so that workers have to pay taxes this way. In my country, salary have very small tax and it's cut before the money comes into your account at all. So whatever money you egt is yours, there is no feeling of paying taxes at all. While employers will pay taxes and the taxes on profit is a lot more than tax on salary.

I personally think there's not much point of tax on the salary, they'll be spending it on other things, and whoever makes profit on that will pay the taxes on their profit. e.g. you get salary no tax, you buy clothes, vehicle, prepared food, etc. and those companies get your money, and they pay tax on profit, and then have expenses which is money that goes to other companies/people who again pay tax on profit, and their expenses goes somewhere else. All in the money is only taxed once, when there is profit. Unlike in every transaction.

[-] Revonult@lemmy.world 2 points 2 weeks ago

I have been thinking about this as well. I am sure there is some probelm with a spending side tax rather than income. Probably subversion of the tax. Undertable deals, street vendors, etc. With income they make the company track and get their cut before you are able to subvert anything.

Also our economy is very credit based with the use of credit cards. If taxes were all collected at point of sale there might be probelms with defaulting and who gets the money if people don't pay.

I am not an economist. I am sure someone has thought of it already.

this post was submitted on 29 Aug 2024
940 points (96.4% liked)

News

22854 readers
3418 users here now

Welcome to the News community!

Rules:

1. Be civil


Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.


2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.


Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.


3. No bots, spam or self-promotion.


Only approved bots, which follow the guidelines for bots set by the instance, are allowed.


4. Post titles should be the same as the article used as source.


Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.


5. Only recent news is allowed.


Posts must be news from the most recent 30 days.


6. All posts must be news articles.


No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.


7. No duplicate posts.


If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.


8. Misinformation is prohibited.


Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.


9. No link shorteners.


The auto mod will contact you if a link shortener is detected, please delete your post if they are right.


10. Don't copy entire article in your post body


For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.

founded 1 year ago
MODERATORS