The ugly truth about taxes

Discussion in 'Politics' started by Quantum Windbag, Dec 6, 2012.

  1. Quantum Windbag
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    Quantum Windbag Gold Member

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  2. Old Rocks
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    Old Rocks Diamond Member

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    Buffet Rule, on all income from whatever source.
     
  3. Vel
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    Vel Gold Member

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    It amazes me that you have so many people that really think that Obama's plans are to stop at taxing the rich.
     
  4. Old Rocks
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    Old Rocks Diamond Member

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    I wouldn't. Reinstate the whole of the Clinton tax schedule. Those of us working can afford it, those not working won't be affected.
     
  5. Quantum Windbag
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    Quantum Windbag Gold Member

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    What a wonderful idea. If the government took all the income from everyone who makes more than $70,000 a year, and all the income from the corporations, they could raise almost $6 trillion. That would pay down less than half the debt, assuming people kept working after they make that much.
     
  6. Vel
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    Vel Gold Member

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    I'm glad you're game for that because it's beginning to look as if that's been the plan all along. It's probably for the best anyway. It won't help our fiscal situation as a nation, but, people that don't pay taxes aren't concerned with what politicians are doing with their confiscated income. Everyone needs to pay something.
     
  7. waltky
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    waltky Wise ol' monkey Supporting Member

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    Often, even the IRS doesn't agree how tax law should be applied...
    :eusa_eh:
    Watchdog says tax law too complex for most filers
    Jan 9,`13 WASHINGTON (AP) -- The nation's tax law is so thick and complicated that businesses and individuals spend more than 6 billion hours a year complying with filing requirements. That's the equivalent of 3 million people working full-time, year-round.
     
  8. DiamondDave
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    DiamondDave Army Vet

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    The equal rule.. on all income from every person without exception, every dollar from every source taxed exactly the same... see how you cry about raising taxes and government spending then
     
  9. jwoodie
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    jwoodie Gold Member Supporting Member

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    The Buffet Rule is to mislead people by comparing lower capital gains tax rates to higher earned income tax rates. His solution to this inequality? Raise income tax rates!
     
  10. Foxfyre
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    Foxfyre Eternal optimist Gold Supporting Member Supporting Member

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    Which is exactly what we flat tax people have been proposing for years now, and the leftwing progressives consistently slap us down as 'evil' people who want to give all the rich a break and punish the poor, yadda yadda. Even many on the right won't embrace it but put forth the so-called 'fair tax' or other ideas as the way to go.

    But two things need to happen:

    1. We need a flat tax on all income of all types that is applied across the board. If you make $1,000 you pay the flat tax even if you get it back at the end of the year. If you make $10,000 you pay the same percentage of flat tax. If you make $1 milion, you pay the same percentage of flat tax. That gives everybody the same proportional amount of skin in the game and removes the politician's ability to manipulate the tax code to increase their own power and personal wealth.

    2. We need a constitutional amendment that keeps the federal government from dispensing any form of charity to anybody, whether it is AIG or General Motors or a welfare mom. Gradually, so as not to create unnecessary hardship or chaos, responsibility for welfare should be shifted to the states and local communities to administer. That would remove the single most prevalent source of government graft and corruption and pull government budgets back into a framework limited to what the federal government MUST do, and not what it CAN do to keep politicians in office and increasing their own personal fortunes.

    Do these two things, and the states would be so awash in funds available to them they could easily implement any kind of social benefits state the people wanted. It would return to the economy at least a third or more of the money the federal government spends just to feed the enormous federal bureaucracy and return more than another third to the states to use at it needs to be used.
     

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