Ifyou think raising taxs will bring in more money than this thread is for you.

[Jroc]

The bubbles on the left is the deficit growing under the Democrats plan. The bubbles on the right is the deficit growing under the Republicans plan.

You can't complain about Democrats spending when Bush turned a surplus into a 2.4 trillion dollar deficit. And now, the Republicans in the house want to give 750 billion in increased deficit by giving money to billionaires by borrowing and leaving the middle class holding the bag.

Why should millionaires and billionaires get ANOTHER 750 billion? Shouldn't we have a fabulous economy from the last 2.4 trillion?

GOP plan to extend tax cuts for rich adds $36 billion to deficit, panel finds

So all that money is going to BillionairesWhat a brainwashed idiot you really are unless you think people making over $250,000 are all billionaires. I going to start calling you DNC talking point dean What an idiot you are

 

[sangha]

The bubbles on the left is the deficit growing under the Democrats plan. The bubbles on the right is the deficit growing under the Republicans plan.

You can't complain about Democrats spending when Bush turned a surplus into a 2.4 trillion dollar deficit. And now, the Republicans in the house want to give 750 billion in increased deficit by giving money to billionaires by borrowing and leaving the middle class holding the bag.

Why should millionaires and billionaires get ANOTHER 750 billion? Shouldn't we have a fabulous economy from the last 2.4 trillion?

GOP plan to extend tax cuts for rich adds $36 billion to deficit, panel finds

So all that money is going to BillionairesWhat a brainwashed idiot you really are unless you think people making over $250,000 are all billionaires I going to start calling you DNC talking point dean What an idiot you are

Idiot wingnut thinks "millionaires and billionaires" means "billionaires"

 

[Jroc]

So whats the Republican plan again? You mean this one?


The Roadmap Plan | A Roadmap for America's Future | The Budget Committee Republicans

It's been Scored by the CBO.. Check it out...

http://www.cbo.gov/ftpdocs/108xx/doc10851/01-27-Ryan-Roadmap-Letter.pdf

 

[sangha]

So whats the Republican plan again? You mean this one?


The Roadmap Plan | A Roadmap for America's Future | The Budget Committee Republicans

It's been Scored by the CBO.. Check it out...

http://www.cbo.gov/ftpdocs/108xx/doc10851/01-27-Ryan-Roadmap-Letter.pdf

That "plan" doesn't contain one $ figure. It doesn't state that one penny of spending will be cut and the plan calls for tax increases

 

[Jroc]

So whats the Republican plan again? You mean this one?


The Roadmap Plan | A Roadmap for America's Future | The Budget Committee Republicans

It's been Scored by the CBO.. Check it out...

http://www.cbo.gov/ftpdocs/108xx/doc10851/01-27-Ryan-Roadmap-Letter.pdf

That "plan" doesn't contain one $ figure. It doesn't state that one penny of spending will be cut and the plan calls for tax increases

So you're saying you didn't look at the the link right?

 

[sangha]

So whats the Republican plan again? You mean this one?


The Roadmap Plan | A Roadmap for America's Future | The Budget Committee Republicans

It's been Scored by the CBO.. Check it out...

http://www.cbo.gov/ftpdocs/108xx/doc10851/01-27-Ryan-Roadmap-Letter.pdf

That "plan" doesn't contain one $ figure. It doesn't state that one penny of spending will be cut and the plan calls for tax increases

So you're saying you didn't look at the the link right?

I read it all. It's nonsense.

 

[Jroc]

That "plan" doesn't contain one $ figure. It doesn't state that one penny of spending will be cut and the plan calls for tax increases

So you're saying you didn't look at the the link right?

I read it all. It's nonsense.

How so? Explain.. Were are the tax increases?....

This plan discards a needlessly complex and manipulative tax code, replacing it with a simplified mechanism that promotes work, saving, and investment.

•Provides individual income tax payers a choice of how to pay their taxes – through existing law, or through a highly simplified code that fits on a postcard with just two rates and virtually no special tax deductions, credits, or exclusions (except the health care tax credit).
•Simplifies tax rates to 10 percent on income up to $100,000 for joint filers, and $50,000 for single filers; and 25 percent on taxable income above these amounts. Also includes a generous standard deduction and personal exemption (totaling $39,000 for a family of four).
•Eliminates the alternative minimum tax [AMT].
•Promotes saving by eliminating taxes on interest, capital gains, and dividends; also eliminates the death tax.
•Replaces the corporate income tax – currently the second highest in the industrialized world – with a border-adjustable business consumption tax of 8.5 percent. This new rate is roughly half that of the rest of the industrialized world.

 

[sangha]

So you're saying you didn't look at the the link right?

I read it all. It's nonsense.

How so? Explain.. Were are the tax increases?....

This plan discards a needlessly complex and manipulative tax code, replacing it with a simplified mechanism that promotes work, saving, and investment.

•Provides individual income tax payers a choice of how to pay their taxes – through existing law, or through a highly simplified code that fits on a postcard with just two rates and virtually no special tax deductions, credits, or exclusions (except the health care tax credit).
•Simplifies tax rates to 10 percent on income up to $100,000 for joint filers, and $50,000 for single filers; and 25 percent on taxable income above these amounts. Also includes a generous standard deduction and personal exemption (totaling $39,000 for a family of four).
•Eliminates the alternative minimum tax [AMT].
•Promotes saving by eliminating taxes on interest, capital gains, and dividends; also eliminates the death tax.
•Replaces the corporate income tax – currently the second highest in the industrialized world – with a border-adjustable business consumption tax of 8.5 percent. This new rate is roughly half that of the rest of the industrialized world.

Tax increases from just the first few pages. Didn't have to look far.

Did you read it?

The Roadmap would also eliminate the income and payroll tax exclusions for
employment-based health insurance. As a result, more earnings would become taxable
for Social Security purposes, thus boosting future benefit payments, and payroll tax
revenues credited to the Social Security trust funds would increase.

People who are age 65 or older in 2020 and other existing enrollees at that time
would continue to be covered by the current program, although some higherincome
enrollees would pay higher premiums, and some program payments would
be reduced

 

[Jroc]

I read it all. It's nonsense.

How so? Explain.. Were are the tax increases?....

This plan discards a needlessly complex and manipulative tax code, replacing it with a simplified mechanism that promotes work, saving, and investment.

•Provides individual income tax payers a choice of how to pay their taxes – through existing law, or through a highly simplified code that fits on a postcard with just two rates and virtually no special tax deductions, credits, or exclusions (except the health care tax credit).
•Simplifies tax rates to 10 percent on income up to $100,000 for joint filers, and $50,000 for single filers; and 25 percent on taxable income above these amounts. Also includes a generous standard deduction and personal exemption (totaling $39,000 for a family of four).
•Eliminates the alternative minimum tax [AMT].
•Promotes saving by eliminating taxes on interest, capital gains, and dividends; also eliminates the death tax.
•Replaces the corporate income tax – currently the second highest in the industrialized world – with a border-adjustable business consumption tax of 8.5 percent. This new rate is roughly half that of the rest of the industrialized world.

Tax increases from just the first few pages. Didn't have to look far.

Did you read it?

The Roadmap would also eliminate the income and payroll tax exclusions for
employment-based health insurance. As a result, more earnings would become taxable
for Social Security purposes, thus boosting future benefit payments, and payroll tax
revenues credited to the Social Security trust funds would increase.

People who are age 65 or older in 2020 and other existing enrollees at that time
would continue to be covered by the current program, although some higherincome
enrollees would pay higher premiums, and some program payments would
be reduced

Higher premiums are not taxes , If you take the look at the plan as a whole, taxes are reduced. Look at the whole plan not your little pieces Anyway what do you care about higher income people don't you want to soak um? What do you think should be done with these programs? these are solutions that will work, All you have is criticism no solutions

 

[sangha]

How so? Explain.. Were are the tax increases?....

This plan discards a needlessly complex and manipulative tax code, replacing it with a simplified mechanism that promotes work, saving, and investment.

•Provides individual income tax payers a choice of how to pay their taxes – through existing law, or through a highly simplified code that fits on a postcard with just two rates and virtually no special tax deductions, credits, or exclusions (except the health care tax credit).
•Simplifies tax rates to 10 percent on income up to $100,000 for joint filers, and $50,000 for single filers; and 25 percent on taxable income above these amounts. Also includes a generous standard deduction and personal exemption (totaling $39,000 for a family of four).
•Eliminates the alternative minimum tax [AMT].
•Promotes saving by eliminating taxes on interest, capital gains, and dividends; also eliminates the death tax.
•Replaces the corporate income tax – currently the second highest in the industrialized world – with a border-adjustable business consumption tax of 8.5 percent. This new rate is roughly half that of the rest of the industrialized world.

Tax increases from just the first few pages. Didn't have to look far.

Did you read it?

People who are age 65 or older in 2020 and other existing enrollees at that time
would continue to be covered by the current program, although some higherincome
enrollees would pay higher premiums, and some program payments would
be reduced

Higher premiums are not taxes , If you take the look at the plan as a whole, taxes are reduced. Look at the whole plan not your little pieces Anyway what do you care about higher income people don't you want to soak um? What do you think should be done with these programs? these are solutions that will work, All you have is criticism no solutions

You're spinning. The CBO scoring clearly states that this proposal will increase tax revenues and you are completely ignoring the other tax increase I documented.

 

[Jroc]

You're spinning. The CBO scoring clearly states that this proposal will increase tax revenues and you are completely ignoring the other tax increase I documented.

Increased tax revenue does not mean increased taxes, if the economy is booming, the debt is being paid down, increased revenue. Thats the problem with you libs you think the only way to increase revenue in to raise tax rates which is not true.

 

[uscitizen]

Increase jobs and pay is the best way to increase tax revenue.
it is the ONLY sustainable way.

 

[sangha]

You're spinning. The CBO scoring clearly states that this proposal will increase tax revenues and you are completely ignoring the other tax increase I documented.

Increased tax revenue does not mean increased taxes, if the economy is booming, the debt is being paid down, increased revenue. Thats the problem with you libs you think the only way to increase revenue in to raise tax rates which is not true.

In wingnut world, when the govt collects more money, it is not an increase. If they collect more in taxes, it is not an increase in taxes

The CBO report does not assume the economy will be booming. You just made that up. If wingnuts didn't make stuff up, they'd have nothing to say

And you are still working hard to avoid talking about the other tax increases I mentioned. A sure sign that even you know I'm right; The plan includes tax increases

 

[Jroc]

In wingnut world, when the govt collects more money, it is not an increase. If they collect more in taxes, it is not an increase in taxes

Nope.. Tax rates stay the same, just more tax payers, more ecomomic activity, more revenue. I know its complicated for a lib, but try to keep up

And you are still working hard to avoid talking about the other tax increases I mentioned. A sure sign that even you know I'm right; The plan includes tax increases

This one?

eliminate the income and payroll tax exclusions for
employment-based health insurance. As a result, more earnings would become taxable

Answer:

•Provides a refundable tax credit – $2,300 for individuals and $5,700 for families – to purchase coverage in any State, and keep it with them if they move or change jobs.


Other then that the overall tax Simplification In general will save you money

 

[sangha]

In wingnut world, when the govt collects more money, it is not an increase. If they collect more in taxes, it is not an increase in taxes

\

Nope.. Tax rates stay the same, just more tax payers, more ecomomic activity, more revenue I know its complicated for a lib but try to keep up

And you are still working hard to avoid talking about the other tax increases I mentioned. A sure sign that even you know I'm right; The plan includes tax increases

This one?

eliminate the income and payroll tax exclusions for
employment-based health insurance. As a result, more earnings would become taxable

Answer:

•Provides a refundable tax credit – $2,300 for individuals and $5,700 for families – to purchase coverage in any State, and keep it with them if they move or change jobs.


Other then that the overall tax Simplification In general will save you money

[/quote]

Talking out of both sides of your mouth I see. If I pay less (ie "it will save you money"), it's a tax cut. If I pay more, it's not a tax increase

And the elimination of tax credits is a tax increase no matter how you slice it (or more accurately, lie about it). The fact that it contains both tax cuts and tax increases does mean that it only includes tax cuts.

PS - I see that we can add your lie about the booming economy to the list of "Things Jroc doesn't want to talk about"

 

[uscitizen]

How much is deducted each year from taxes for professional tax preparation?

With a pure flat rate tax all the parasitic industry would be gone.
As far as individual income taxes are concerned.
The IRS could likely cut 50% of it's staff, maybe more.

 

[sangha]

How much is deducted each year from taxes for professional tax preparation?

With a pure flat rate tax all the parasitic industry would be gone.
As far as individual income taxes are concerned.
The IRS could likely cut 50% of it's staff, maybe more.

Umm, it's not hard to figure out how much taxes you owe once know how much taxable income you have, so one flat rate wont make preparing income tax returns any easier

Flat tax, or non-flat tax, you have to figure out what your taxable income is, and that's where the complexity comes in - figuring out which income is taxable and which is not. Once you do that, all you have to do is look up your tax rate from a table and multiply it by your taxable income. The only work saved is the looking up the rate from the table, something any moron can do in a minute.

The IRS will still need just as many people to make sure that peoples' incomes are reported correctly, and businesses will need just as many people to figure out how that can shelter income as non-taxable

 

[GWV5903]

You're spinning. The CBO scoring clearly states that this proposal will increase tax revenues and you are completely ignoring the other tax increase I documented.

Increased tax revenue does not mean increased taxes, if the economy is booming, the debt is being paid down, increased revenue. Thats the problem with you libs you think the only way to increase revenue in to raise tax rates which is not true.

In wingnut world, when the govt collects more money, it is not an increase. If they collect more in taxes, it is not an increase in taxes

The CBO report does not assume the economy will be booming. You just made that up. If wingnuts didn't make stuff up, they'd have nothing to say

And you are still working hard to avoid talking about the other tax increases I mentioned. A sure sign that even you know I'm right; The plan includes tax increases

sangha, bottom line, very simple and easy to understand, you're more in line with the socialist ideology, it will never work in America.....

 

[GWV5903]

How much is deducted each year from taxes for professional tax preparation?

With a pure flat rate tax all the parasitic industry would be gone.
As far as individual income taxes are concerned.
The IRS could likely cut 50% of it's staff, maybe more.

uscitizen, it has been sometime since you could deduct your CPA's cost on a Individual Tax Return, I do not remember the year, but it has been several years....

But I do agree with the rest of your assesment....

 

[sangha]

Increased tax revenue does not mean increased taxes, if the economy is booming, the debt is being paid down, increased revenue. Thats the problem with you libs you think the only way to increase revenue in to raise tax rates which is not true.

In wingnut world, when the govt collects more money, it is not an increase. If they collect more in taxes, it is not an increase in taxes

The CBO report does not assume the economy will be booming. You just made that up. If wingnuts didn't make stuff up, they'd have nothing to say

And you are still working hard to avoid talking about the other tax increases I mentioned. A sure sign that even you know I'm right; The plan includes tax increases

sangha, bottom line, very simple and easy to understand, you're more in line with the socialist ideology, it will never work in America.....

Hate to burst your bubble, but the US has been a socialist nation for many decades

Time to wake up