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Swampfox10mm
Joined: 24 Mar 2011
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 Posted: Wed Nov 07, 2012 2:54 pm Post subject: |
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| swashbuckler wrote: |
more right-wing purely speculative garbage from the OP.
Bitter again cause yur guy got his ass handed to him? |
I posted this before the election, and it is a serious issue.
Stupid people treating elections like a football game and not paying attention to fiscal responsibility is what will sink us.
You might not like what is to come, but there will be a day when no more money can be printed or borrowed, and you can bet your hind that the govt will search every nook and cranny to find more.
And at that time, I shall dig up this thread and remind you of what you said. |
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SpiralStaircase
Joined: 14 Feb 2008
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| Posted: Wed Nov 07, 2012 5:04 pm Post subject: |
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| Quote: |
I posted this before the election, and it is a serious issue.
Stupid people treating elections like a football game and not paying attention to fiscal responsibility is what will sink us.
You might not like what is to come, but there will be a day when no more money can be printed or borrowed, and you can bet your hind that the govt will search every nook and cranny to find more.
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You speak as if republicans have a monopoly on fiscal responsibility. Problems amplified, solutions simplified.
Time for you to start prepping then. |
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Swampfox10mm
Joined: 24 Mar 2011
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| Posted: Wed Nov 07, 2012 7:35 pm Post subject: |
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| SpiralStaircase wrote: |
| Quote: |
I posted this before the election, and it is a serious issue.
Stupid people treating elections like a football game and not paying attention to fiscal responsibility is what will sink us.
You might not like what is to come, but there will be a day when no more money can be printed or borrowed, and you can bet your hind that the govt will search every nook and cranny to find more.
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You speak as if republicans have a monopoly on fiscal responsibility. Problems amplified, solutions simplified.
Time for you to start prepping then. |
Nope, I believe the term people like you refer to fiscally-responsible people as is "tea-bagger."
What is your solution to the debt problem? And please answer knowing that taxing the heck out of the rich will cover but a sliver of the budget, and cutting the military also a small amount.
Anyone serious about reducing the debt must go after entitlements, not to mention the growing foodstamp problem.
I have yet to see someone such as yourself put forth a working option. They just make childish names like tea-bagger and giggle like children. But trust me.... when h bottom falls out, the lazy poor are gonna get spanked. |
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newb
Joined: 27 Aug 2012
Location: Korea
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| Posted: Wed Nov 07, 2012 8:27 pm Post subject: |
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| Swampfox10mm wrote: |
Anyone serious about reducing the debt must go after entitlements, not to mention the growing foodstamp problem.
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I agree with this. By 2016, I foresee the USA electing another entitlement president as people grow more desparate. The US economy is heading to the deeeeeeepression and state of Greece. |
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swashbuckler
Joined: 20 Nov 2010
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| Posted: Wed Nov 07, 2012 11:00 pm Post subject: |
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| newb wrote: |
| Swampfox10mm wrote: |
Anyone serious about reducing the debt must go after entitlements, not to mention the growing foodstamp problem.
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I agree with this. By 2016, I foresee the USA electing another entitlement president as people grow more desparate. The US economy is heading to the deeeeeeepression and state of Greece. |
This is exactly what WOULD have happend if Romney was elected. His policies had already been tried before and have been proven to NOT WORK (austrity measures in Greece, cutting taxes on the superrich under Bush). That is why he LOST. It's such a simple concept, and yet so many white go ol boys from the south and midwest fail to grap it. Then again, you probably get most of your news from FOX right?  |
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swashbuckler
Joined: 20 Nov 2010
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| Posted: Wed Nov 07, 2012 11:02 pm Post subject: |
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| lithium wrote: |
| swashbuckler wrote: |
more right-wing purely speculative garbage from the OP.
Bitter again cause yur guy got his ass handed to him? |
It's hard to beat Santa Clause. Romney gave a picture of working to earn better pay and Obama offered food stamps and welfare. |
And also because most people's ideas of America�s power structure are not rooted in a 1950s, like the Republican Party wishes they were |
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Malislamusrex
Joined: 01 Feb 2010
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| Posted: Wed Nov 07, 2012 11:21 pm Post subject: |
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| The American government have as much right to tax Korean income as the Korean government have to legally marry a cat and dog in the US. |
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newb
Joined: 27 Aug 2012
Location: Korea
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| Posted: Wed Nov 07, 2012 11:22 pm Post subject: |
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| swashbuckler wrote: |
| newb wrote: |
| Swampfox10mm wrote: |
Anyone serious about reducing the debt must go after entitlements, not to mention the growing foodstamp problem.
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I agree with this. By 2016, I foresee the USA electing another entitlement president as people grow more desparate. The US economy is heading to the deeeeeeepression and state of Greece. |
This is exactly what WOULD have happend if Romney was elected. His policies had already been tried before and have been proven to NOT WORK (austrity measures in Greece, cutting taxes on the superrich under Bush). That is why he LOST. It's such a simple concept, and yet so many white go ol boys from the south and midwest fail to grap it. Then again, you probably get most of your news from FOX right? |
Back to the topic of this thread. And the "Big Uncle" will start taxing "super-rich" English teachers around the world to support the entitlements back home, right?  |
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Swampfox10mm
Joined: 24 Mar 2011
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| Posted: Thu Nov 08, 2012 12:04 am Post subject: |
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| Malislamusrex wrote: |
| The American government have as much right to tax Korean income as the Korean government have to legally marry a cat and dog in the US. |
So you think the idea of taxing overseas citizens is absurd? You feel the USA would have no right to do so?
Ask the filipino people if their gov't does not feel it has the right to tax their overseas income as they do.
You should ask about what they pay.... and it is not just the rich who pay it.
www.punongbayan-araullo.com/pnawebsite/pnahome.nsf/section_docs/CH207H_16-8-06 |
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ttompatz
Joined: 05 Sep 2005
Location: Kwangju, South Korea
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| Posted: Thu Nov 08, 2012 12:42 am Post subject: |
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| Swampfox10mm wrote: |
| Malislamusrex wrote: |
| The American government have as much right to tax Korean income as the Korean government have to legally marry a cat and dog in the US. |
So you think the idea of taxing overseas citizens is absurd? You feel the USA would have no right to do so?
Ask the filipino people if their gov't does not feel it has the right to tax their overseas income as they do.
You should ask about what they pay.... and it is not just the rich who pay it.
www.punongbayan-araullo.com/pnawebsite/pnahome.nsf/section_docs/CH207H_16-8-06 |
Now that was intended (by you) to be misleading....
Pinoys who are EXPATS working as OFWs for NON Filipino firms are NOT taxed on their off-shore income by the Philippine government (just like foreign English teachers in Korea don't pay income tax at home on their off-shore earnings).
Filipinos who are RESIDENT in the Philippines are taxed on their global income (why people like Manny P are charged with tax evasion on the money earned in the US; they are not resident there, they simply fly in, work for a short time (less than 183 days per year) and then fly home with their millions of dollars) .
Just as Americans who are RESIDENT in the USA working for US firms ARE taxable by the IRS but those who are RESIDENT abroad, working for foreign firms are NOT taxable until they hit fairly high ceilings ($100k/anum) and even then there is no way, unless you try to repatriate LARGE amounts of money, that Uncle Sam will even know about it.
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Died By Bear
Joined: 13 Jul 2010
Location: On the big lake they call Gitche Gumee
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| Posted: Thu Nov 08, 2012 2:21 am Post subject: |
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| I wouldn't worry about paying taxes unless you have a lot of money invested. The rich are the targets. The Free Shit Army � is in charge. |
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Swampfox10mm
Joined: 24 Mar 2011
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| Posted: Thu Nov 08, 2012 6:23 am Post subject: |
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| ttompatz wrote: |
| Swampfox10mm wrote: |
| Malislamusrex wrote: |
| The American government have as much right to tax Korean income as the Korean government have to legally marry a cat and dog in the US. |
So you think the idea of taxing overseas citizens is absurd? You feel the USA would have no right to do so?
Ask the filipino people if their gov't does not feel it has the right to tax their overseas income as they do.
You should ask about what they pay.... and it is not just the rich who pay it.
www.punongbayan-araullo.com/pnawebsite/pnahome.nsf/section_docs/CH207H_16-8-06 |
Now that was intended (by you) to be misleading....
Pinoys who are EXPATS working as OFWs for NON Filipino firms are NOT taxed on their off-shore income by the Philippine government (just like foreign English teachers in Korea don't pay income tax at home on their off-shore earnings).
Filipinos who are RESIDENT in the Philippines are taxed on their global income (why people like Manny P are charged with tax evasion on the money earned in the US; they are not resident there, they simply fly in, work for a short time (less than 183 days per year) and then fly home with their millions of dollars) .
Just as Americans who are RESIDENT in the USA working for US firms ARE taxable by the IRS but those who are RESIDENT abroad, working for foreign firms are NOT taxable until they hit fairly high ceilings ($100k/anum) and even then there is no way, unless you try to repatriate LARGE amounts of money, that Uncle Sam will even know about it.
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Ahh... but what you are missing is that OFW have to provide proof of how their income was earned in order to qualify for the tax exemption. They start transferring money home while no legal job is on the books, and they must pay or face possible consequences. I don't know how many filipinos you know, but a great many of them I've met in Korea aren't exactly making money above board. How are they going to prove what they're making and sending home, thus providing paperwork and qualifying for the tax exemption?
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http://ofwheroes.blogspot.kr/2012/10/bir-will-tax-earnings-from-undocumented.html
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Should an OFW fail to faithfully comply with the regulation's requirements, he may not be allowed to enjoy the tax perks available to him under the basic principle that tax exemption is strictissimi juris against the taxpayer.
The new RR imposing stricter monitoring will help enhance the BIR's compliance check and help ensure that only legitimate OFWs receive the tax exemption privilege granted to OFWs. This is clearly aligned with the stepping up efforts of the BIR to increase tax collections. |
I stand by what I am saying, and for a great many of us, the noose is tightening here, as we will also be required to provide more proof of income, or be taxed. That is where I see this all going one day.
The USA is already requiring us "little fish" to provide the names of our banks, along with account numbers. To merely brush actions like these off and say, "Oh, they're only concerned about the rich" is very short-sighted.
Likewise, how will teachers working here in Korea be able to prove transferring home income from privates, untaxed 2nd jobs, etc? One day, with the noose tightening, this very well could become an issue (and I know few teachers who stay here and do no side work).
Again, to brush this all off as impossible is very short-sighted. |
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everything-is-everything
Joined: 06 Jun 2011
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| Posted: Thu Nov 08, 2012 6:58 am Post subject: |
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| Swampfox10mm wrote: |
Anyone serious about reducing the debt must go after entitlements, not to mention the growing foodstamp problem.
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How much does spending on food stamps compare to the real pork i.e. military spending and social security?
Furthermore, how about the corporate socialism in areas like tax breaks for oil companies?
Finally, do you think the elite 1% pay there fair share of taxes considering there financial gains over the past 3- years compared to the middle class?
This entitlement argument of yours has some merit, but it's nothing compared to the examples of the real waste of tax dollars I cited above. |
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everything-is-everything
Joined: 06 Jun 2011
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| Posted: Thu Nov 08, 2012 7:08 am Post subject: |
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I would also like to point out that Swampfox10mm probably voted or would have voted for George W Bush.
These kind of people need to sit down and zip it while others clean up the mess. Conservatives (who supported Bush) really have no authority here. |
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Died By Bear
Joined: 13 Jul 2010
Location: On the big lake they call Gitche Gumee
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| Posted: Thu Nov 08, 2012 7:58 am Post subject: |
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| everything-is-everything wrote: |
...snip...
These kind of people need to sit down and zip it while others clean up the mess. Conservatives (who supported Bush) really have no authority here.... |
Santa claus won the election, you can't fight santa claus! |
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