Thread: James T. Hodgkinson’s motivation was in part, tax payers’ vs tax getters

Originally Posted by Judy

Florida has a corporate income tax, taxing the bread of labor.

Florida does not tax the bread which labor has earned. The tax you are referring to is a tax upon the privilege of being a corporation and the amount paid is measured from income derived under the privilege.

"While individuals do not have to pay income taxes, the same is not true for all types of businesses in Florida. Corporations and artificial entities that conduct business, or earn or receive income in Florida, including out-of-state corporations, must file a Florida corporate income tax return unless exempt. They must file a return even if no tax is due. Sole proprietorships, individuals, estates of decedents, and testamentary trusts are exempted and do not have to file a return. S Corporations are usually exempt as well, unless federal income tax is owed. The Florida Corporate Income Tax rate is 5.5%." LINK


Now, let us get back to the subject of the thread which is Hodgkinson's motives and tax-payers vs tax-getters.

JWK

Corporate income tax is a tax on income, not privilege. Any income tax is a tax on the bread of the labor that produced the income. When Thomas Jefferson was referring to the bread of labor, he was not referring to the bread of his slaves, he was referring to his own.

Originally Posted by Judy

Corporate income tax is a tax on income, not privilege. Any income tax is a tax on the bread of the labor that produced the income. When Thomas Jefferson was referring to the bread of labor, he was not referring to the bread of his slaves, he was referring to his own.

Did you miss the following?

Sole proprietorships, individuals, estates of decedents, and testamentary trusts are exempted and do not have to file a return.I gave you my reason for moving to Florida . . . the State does not tax me on the bread I earn from my labor.

Now, let us get back to the subject of the thread which is Hodgkinson's motives and tax-payers vs tax-getters.

JWK


“…..with all these blessings, what more is necessary to make us a happy and a prosperous people? Still one thing more, fellow-citizens—a wise and frugal Government, which shall restrain men from injuring one another, shall leave them otherwise free to regulate their own pursuits of industry and improvement and shall not take from the mouth of labor the bread it has earned. This is the sum of good government, and this is necessary to close the circle of our felicities“. Thomas Jefferson, First Inaugural Address

LOL!! No I did not miss it, I'm actually quite familiar with the topic. I'm just glad we got it clarified that you don't object to income taxes unless you are required to pay them. Under the FairTax no one pays federal income tax.

Originally Posted by Judy

LOL!! No I did not miss it, I'm actually quite familiar with the topic. I'm just glad we got it clarified that you don't object to income taxes unless you are required to pay them. Under the FairTax no one pays federal income tax.

I have not suggested that I don't object to income taxes. As a matter of fact, I am the one here who promotes the Fair Share Balanced Budget Amendment which begins:


“SECTION 1. The Sixteenth Amendment is hereby repealed and Congress is henceforth forbidden to lay ``any`` tax or burden calculated from profits, gains, interest, salaries, wages, tips, inheritances or any other lawfully realized money.

The fairtax, H.R. 25, does not proposed to withdraw Congress' power to lay and collect taxes, which would include "excise taxes", calculated from incomes.

In any event, Judy, I still love ya!

Now, let us get back to the subject of the thread which is Hodgkinson's motives and tax-payers vs tax-getters.



JWK

I still love ya too, Johnwk.

But the FairTax repeals all the laws that enable the income tax, which is fine and enough for me, it also requires a repeal of the 16th Amendment within 7 years. I'm not nearly as worried about the 16th Amendment as I am about the Internal Revenue Code that actually imposes the taxes. The 16th Amendment allows it but doesn't do it, the IRC does, and the FairTax repeals all of the Internal Revenue Code. It does not repeal excise taxes, because those are a different tax, not an income tax. I have no problem with excise taxes, but the amounts collected are so small that I believe with the FairTax passed, Congress will get rid of them and simplify.

For example, the federal gas tax is an excise tax, I have no problem with the federal gas tax to fund the Interstate Highway Fund. I think that's a good thing!! However, with the FairTax, you're taxing the total price, so it's kind of redundant to have the gas tax too, so to me it's just not worth the paperwork to calculate the gas tax and send it in separately while also calculating a FairTax on the same purchase. Just pay a FairTax, simple as pie, easy, peasy, definitely the way to go, get rid of most or all of the others.

STREAMLINE AND SIMPLIFY!!

Yes, now back to our socialist murdering tax-getter.