No new taxes on the middle class?

Discussion in 'Congress' started by jreeves, Jul 13, 2008.

  1. jreeves
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    jreeves Senior Member

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    Presidential Hopefuls to Vote on Budget - TIME
    Obama, D-Ill., and Clinton, D-N.Y., both promise to reverse Bush's tax cuts for wealthier taxpayers, but the Democratic budget they'll be voting for would allow income tax rates to go up on individuals making as little as $31,850 and couples earning $63,700 or more.

    Across the Capitol, the House was to vote on a companion Democratic measure predicting larger surpluses while allowing $683 billion worth of tax increases over five years with the expiration of Bush's tax cuts.
    A Republican alternative that largely mirrored a plan by presumptive GOP nominee McCain of Arizona to permanently extend Bush's tax cuts and eliminate the alternative minimum tax was expected to fail badly, with party moderates distancing themselves from the GOP plan's huge cuts in popular programs like Medicare, housing, community development, and the Medicaid health care program for the poor and disabled. Such cuts were needed to make room for big tax cuts and still project a balanced budget.


    Obama is full of BS, I will raise taxes on the wealthy, while he will vote for a tax increase on people making 31,850 or more. I guess he just redefined the wealthy....:eusa_liar:
     
  2. Charles_Main
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    Charles_Main AR15 Owner

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    What I find more troubling is how we define poor. The poor in the nation, for the most part would be rich in many other nations.
     
  3. CharlestonChad
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    CharlestonChad Baller Deluxe

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    You find our high standard of living "troubling"?
     
  4. Ravi
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    Ravi Diamond Member

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    Not really. They'd make far less in other nations so the cost of living being lower wouldn't matter at all.
     
  5. Charles_Main
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    Charles_Main AR15 Owner

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    Not at all, I find it troubling people who have so much are considered poor. Troubling and frankly demeaning to all those who are actually poor in the world.
     
  6. editec
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    editec Mr. Forgot-it-All

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    Oh please.

    The poor of America are devaluing the meaning of the word poor?

    Yeah, right.

    How thoughtless of them.
     
  7. Your Overlord
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    Your Overlord BANNED

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    the problem is that if you are the least bit succesfull
    the democrats will deem you "the Greedy Rich"
    they will allways call on people to make sacrifices
    as if it is their place to tell us what to do with our money
    of course
    the submited idea is that those making over 200,000 will get pushed
    into the 60% bracket
    while at the same time Obama and his minions talk about programs out of the gate that will impact those down to 60,000
    and they are just getting started
    wait until this gem of socialism called "universal Healthcare" gets enected
    it won't take long to dig into the lower middle class more and more
    the point is
    it will never be enough for the elitists and the beurocrats
    until the whole shithouse goes up in flames
    then maybe we can get back to the constitution
     
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  8. Voltaire
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    Voltaire Libertarian Party

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    Hah, Overlord, so you're a bit of a doomer huh?

    Yes, the idea of an income tax is essentially slavery, as Robert Nozick really eloquently put it. Combine that with the redistribution of wealth involved in a graduated tax, and socialism is exactly what you've got...

    I think a much better system in the mean time would be a national consumption tax...we are nothing if not a rampant consumer culture after all, and it doesn't seem like nearly as direct of an affront as practically taking 30 hours out of somebody's biweekly paycheck.
     
  9. RetiredGySgt
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    RetiredGySgt Platinum Member

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    Consumption Taxes will hit the poor the worst. They have the least money and will be forced to pay taxes they currently do NOT pay. There is no easy way to create an exemption for people with less than x amount of money to be hit by this consumption tax.

    The fair method would be a flat tax with no loop holes. Exempt people under x amount of income and everyone else pays the Income tax on ALL forms of Income and methods that increase money, unless already taxed.

    You must not be aware that under the current tax scheme low income people actually get money BACK from the Government, money they never paid in. Except for Social Security and Medicare these people have a negative tax.
     
  10. Voltaire
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    Voltaire Libertarian Party

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    Yes, I understand that the poor will be hit the worst, but I think our disagreement is primarily philosophical. The fact that people in the lowest income bracket are actually getting money back when they are not paying in is one of the primary reasons I support the idea of a consumption tax.

    It seems wrong to me that any person should receive the benefits of citizenship if they're not paying taxes at all; that goes for the exempt group in your flat tax plan as well.

    Maybe I sound like a heartless bastard, but I'm probably going to be working 2 or more jobs soon just so that I'll be able to pay student loans and still be able to afford my rent, so it's not like I'm rolling in money myself.

    If I'm mistaken about your position or I'm just missing something, I apologize.
     

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