I guess the American poor are different than the poor in other countries. My mistake; I assumed they were the same all over the world.Quote:
Originally Posted by imaeditedbysowulo
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I guess the American poor are different than the poor in other countries. My mistake; I assumed they were the same all over the world.Quote:
Originally Posted by imaeditedbysowulo
I have to agree. Of the people that I knew when I lived in HUD housing there were less who really needed it and more who saw it as their way to get out of getting a job. The worst part of the deal though was that those people who were trying to work usually got screwed by the system. Benefits disappear when you meet a certain monetary threshold and many people wound up making less with a job. That's not much of an incentive to work or make something of yourself. It actually appeared to have been designed to keep people dependent. I think they've done some work on it in the last few years though.Quote:
Originally Posted by imaeditedbysowulo
Tax Slab
Income > 10,000 Tax 20%
Income > 20,000 Tax 30%
Like that, the more you earn, the more you pay, of course in most Asian countries, the Tax Slab is reviewed, taking into account inflation and all and mostly the minimum limit for paying tax is raised and so poor ppl get spared from paying tax.
So, if I understand you all correctly, then I should quit my job to avoid paying any taxes, PLUS I get to go on welfare and get mandatory handouts from all those of you still working.
<sarcasm mode on> What a deal..... <sarcasm off>
BTW Clam, I feel honored! :thumbs:
What's the incentive to make more money then? Why would I want to make a million dollars a year if I can only keep 20%? I'd be more than happy to have $200,000, but come on.Quote:
Originally Posted by TechZ
Quote:
Originally Posted by Wayward Clam
People are the same, doesn't matter where in the world it is and it doesn't matter whether they are rich or poor.
If you keep giving people fish are they ever going to learn how to fish themselves? No and why should they.
There's nothing wrong with helping people that need it, but if you need help for your entire life there's a serious problem. I would just like to see limits put on how much help is given out, and help should be removed if people accetping that help continue to procreate. If someone can't take care of their family yet they continue having more kids why in the F should I feel bad about not wanting to keep supporting that person?
Course I'm a world class idiot so what do I know? :bor:
I want to echo what both imaeditiedbysowulo and silencio said with emphasis on the bolded part above. My folks own and operate a couple of grocery stores in the SW part of Virginia. I was in one of the stores back in 2000 when this young lady and young man walked in. The young lady was holding about a 1 year old boy and the young man was holding the hand of a 3 year old girl. The young lady was about 6 months preggers. My Dad introduced to me to the couple. The couple had gotten married while they were both Sophmores in HS, she had dropped out and he was finishing his GED. Neither one had ever worked and they were on State & Fed assistance. Yet they were driving a brand new Dodge 4X4 full sized King Cab pickup. They bought a couple of hundred $$$ worth of groceries and such. After they left I asked my Dad what is the story? Neither of them work, but they drive a new truck and they have a nice house that was supplied to them through a Fed Housing Program that they only pay $125 month for (not an apartment to rent, but a house that they bought with the help of this housing program). My Dad just chuckled and said it was the way of several of the younger folks in the area. The couple gets all the WICS and other assistance they need. It comes to ~$1100 per child a month total. Right now that works out to $26,400 a year which puts them over the average meduim income for the area! The 3rd child, on a sliding scale now, will provide them with an extra ~$975 per month resulting in $11,600 a year to put their total to $38,100 a year. Now remember this isn't all cash this includes insurance, FS, housing assistance, etc. Actually the cash portion of this is about $700 per child. https://forums.windrivers.com/images.../2005/03/1.gif With the addition of the 3rd child that will work out to $2,100 a month. Now the kicker and swear this is true...my Dad then told that this couple has already got it figured out that they will have their 4th child within a year of this next baby to give them more income (about $2,800 a month) which should suit them just fine. If they need to have another child at sometime (say they need a new car) they will. I was actually 100% stunned. After talking to my nephew though (who is now 20 and unmarried - I don't know what's wrong with the youngin'https://forums.windrivers.com/images.../2005/03/1.gif) he tells me he knows of 3 other couples from his HS graduating class (out of class of 35 kids = 17%) that are doing the samething. All I got to say is DAYUM!!!https://forums.windrivers.com/images.../2005/03/1.gifQuote:
Originally Posted by imaeditedbysowulo
Conceded:
1. These people exist.
2. Systems need to be reformed.
Not conceded (yet):
What percentage of people getting help are abusers of the system and what percentage actually need help.
You dont keep 20%(theyre not real figures btw) you pay 20%Quote:
What's the incentive to make more money then? Why would I want to make a million dollars a year if I can only keep 20%? I'd be more than happy to have $200,000, but come on.
e.g.:
Income US$10,000 Tax 10% = Disposable Income US$9000
Income US$50,000 Tax 20% = Disposable Income US$40,000
So u still make a lot of money.
That's what's confusing me. You keep changing what numbers go with what income. What I want to know is how far it goes. On the scale you were showing, I assumed that a person making 1mil would have to pay 70-80% taxes.Quote:
Originally Posted by TechZ
It doesnt go as bad as that, the tax rate goes up as you earn more but its a tax slab (bracket) so at the highest level i think one would pay about 50%, each country is different, and when youre rich things like donations and charity helps to reduce the amount of tax you pay.
Quote:
Originally Posted by Wayward Clam
I would be willing to bet that a pretty good percentage of people that actually need that help do not qualify for it, and that in order to qualify you have to either be a deadbeat or be down on your luck for a really really long time.
I went thru a year and a half where I couldn't find a decent paying job in my field. I worked a menial job instead just to make ends meet as best I could. It was a cold winter and my gas bills were 220-320 dollars per month. The job I was working worked out to about 17K per year. My winter gas bills alone were close to 2000 for only six months. Throw in everything else that is required to survive and you're looking at someone in dire need of help.
The amount of assistance I qualified for was ZERO. Everything I applied for was based on my last full year's tax returns income level which put me over the limit.
The following year I qualified for the programs but by that time I was working again and making a pretty good salary. I didn't apply for the assistance again because I didn't feel it was fair to take money I didn't need anymore. Maybe I should have since I'm still paying off credit card bills that I had to run up, but it didn't seem right to me.
Also conceded: I shouldn't have called you a world class idiot. My apologies.
I'd like to hear from the Brits on the tax issue. Didn't you used to have a tax bracket that had like a 95% income tax?
Hi there,
Makes me wonder why all the rich do with that kind of money? Sure, they got everything, but come on. Too much is just too much.
If all the rich spend their money on something good, then this world would be a far better place.
Do you really need like 5 sport cars? A 50 rooms huge house for one single person? Why do you need all that golf space? Why eating all those fancy restaurants? All that fashion (and some of then are really ugly) clothes? Geez...
Ju Leon...