America must increase Taxes now.!, or suffer the consequences in the Future.

Discussion in 'Economy' started by 52ndStreet, Oct 15, 2008.

  1. 52ndStreet
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    52ndStreet VIP Member

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    part of the reason for America's econmoic troubles is the fact that the government has diminished resources from all these years of illogical tax cuts, in a world of increased costs for many goods and services.

    I suggest an immediate accross the board tax increase on all Americans.
    I mean after all, how else are we going to pay for all those $700 billion dollar and $250 billion dollar bailout plans?.The Government will carry a huge deficeit, if we do not raise Taxes now.
    The alternative if America does not increase Taxes now, will be an even worse economic catastrophe, at some point in the future.With both the Government, and the private sector crashing economically.
     
    Last edited: Oct 15, 2008
  2. AVG-JOE
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    AVG-JOE American Mutt Staff Member Gold Supporting Member

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    America doesn't need more taxes any more than America needs less taxes.

    America needs fair taxes. Well... that and simple paperwork.

    -Joe
     
  3. AVG-JOE
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    AVG-JOE American Mutt Staff Member Gold Supporting Member

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    I suggest a 10% general sales tax plus 12% income tax on businesses after the first $50,000.00, with non-executive payroll and benefits as the only deduction.

    We could add 12% on individuals after $500,000.00 until we get back on our feet, but we shouldn't need to keep that one very long.

    Tax code: Make it simple, make it fair.

    -Joe
     
    Last edited: Oct 15, 2008
  4. Shattered
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    Fair & simple. What more could you ask for.
     
  5. AVG-JOE
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    AVG-JOE American Mutt Staff Member Gold Supporting Member

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    It won't be simple enough for me until there is no paperwork on the consumer level... :eusa_whistle:

    -Joe
     
  6. BaronVonBigmeat
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    BaronVonBigmeat Senior Member

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    We don't need tax hikes, because there is no amount of money that congress cannot spend. We need spending cuts.
     
  7. Kevin_Kennedy
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    Kevin_Kennedy Defend Liberty

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    Raising taxes is not the solution.
     
  8. Truthmatters
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    ending the war would be a good spending cut.
     
  9. Toro
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    Toro Diamond Member

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    Because bankruptcy is...
     
  10. Kevin_Kennedy
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    Kevin_Kennedy Defend Liberty

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    Bring home all the troops from around the world and you save how much money? Abolish federal organizations that are unnecessary, IRS and department of education are some off the top of my head.

    In other words... BALANCE THE FEDERAL GOVERNMENT'S BUDGET.
     

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