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  1. #15
    smell the glove Senior Member Major Robert Dump's Avatar
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    Default Re: Obama's position on the estate tax

    Quote Originally Posted by Kralizec View Post
    I don't follow. You mean that the employer has to pay one sort of tax on wages before, and the employee has to pay another sort of tax after pay day?

    In the Neth's employers have to withold taxes on wages too, but legally speaking they do so on behalf of the employee. The employee only has to pay taxes over his wages at the end of the year if it turns out that not enough taxes were withheld in the first place - usually that's the case when he has other sources of income besides his job, so that he ends up in a higher tax tier.

    Double taxation is usually understood (here, at least) to refer to a cross-border situation where different tax regime cause a good or service to be taxed twice for the same reason. Lemur's post, while correct, is also rather obvious when you think about it. Every coin and bill, except those recently printed, have changed ownership lots of times and each transaction has been taxed. The "death tax" may sound unfair to people, but at the core it's still about a transfer of money and assets from one person (now dead) to another. There are good arguments against the tax, but not that it's double taxation
    Yes, an employer has to pay the government a tax for each head he employs, and then the employee turns around and pays a tax for each dollar he earns.

    This is why I am so amused by the left wingers who don't understand business very well, and think an employer should basically be paying for everything related to that employee (insurance etc); there really are people who think that way. Where anyone comes up with the idea that healthcare is the job of the persons employer is just beyond me....
    Baby Quit Your Cryin' Put Your Clown Britches On!!!

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