Tax question
Do I have to pay income tax on the free pizza slices I get from my Player's Card points at the Casino Food Court?
Quote: GWAEIf people get a lot less back in taxes this year will it cause a recession? If people are normally getting 5k back and expect it yearly then what happens when they unexpectedly get 1500 back? I can see that being a major issue.
Imagine how much better the economy was and how much more sound our "money" was before the federal income tax was finally deemed constitutional by the Supreme Court.
#freezenking
Quote: RogerKintImagine how much better the economy was and how much more sound our "money" was before the federal income tax was finally deemed constitutional by the Supreme Court.
#freezenking
Yes, indeed. Freeze 'n King!
Quote: ChumpChangeDo I have to pay income tax on the free pizza slices I get from my Player's Card points at the Casino Food Court?
I think, legally, yes, you're supposed to pay taxes on the value of all comps.
Quote: billryanHow about the people who got small refunds in the past who will owe money instead.
eeks didnt even think of that.
Quote: RogerKintImagine how much better the economy was and how much more sound our "money" was before the federal income tax was finally deemed constitutional by the Supreme Court.
#freezenking
Between the Civil War and the imposition of income tax, the U.S. economy had multiple recessions and at least two crashes. Former President Grant, Savior of the Union , even went broke and was reduced to hawking his autobiography town to town.
Do you have any evidence of taxes hurting the economy?
I guess we should make the income tax rate 100% so "economy" can be magically perfect. It's so hard to take the $1 ribeye guy seriously ;)
Quote: RogerKintIt's kinda funny. The income tax was passed and the voter was promised only the top 1%, very wealthy rich folks will have to pay it. Sound familiar? Now, we're all slaves.
I guess we should make the income tax rate 100% so "economy" can be magically perfect. It's so hard to take the $1 ribeye guy seriously ;)
So you sprout nonsense and when called on it, you channel max. Want to compare and contrast the decade before and after the implementation of income tax? Have any evidence that Americans were promised only the top one percent would ever pay taxes?
The voters passed the 16th Amendment, not the courts.
