who to blame for the tax code

Discussion in 'Economy' started by spectrumc01, Apr 18, 2011.

  1. spectrumc01
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    spectrumc01 I give you....the TRUTH

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    Every Tax loophole, and every deduction was put into the tax code by rich, powerful men seeking not to pay taxes, or seeking re-election. No common citizen or anyone on this board has ever changed the tax code. So when placing the blame for the current tax code look no further than Washington DC, and the rich.
     
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  2. anuthervoice
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    anuthervoice pining for the fjords

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    dear gawd, the 'rich' really take a beating in here..........
     
  3. Mr. H.
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    Mr. H. Diamond Member

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    Many provisions of the Tax Code that allow expense duductions from taxable income have been in place since the 20's and 30's. Probably "put there" by people trying to make a living by risking their money in an effort to generate revenues through manufacturing and/or mining.
     
  4. sparky
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    sparky VIP Member

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    yeah, in 3rd world countries.....

    but don't you worry, it'll all come trikling back down....
    [​IMG]
     
  5. editec
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    editec Mr. Forgot-it-All

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    Bingo.
     
  6. midcan5
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    midcan5 liberal / progressive

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    Tax law is a hodgepodge of interests and assumptions. What I personally find the most interesting about the topic is how ideas about the rich have created a sort of cult of believers. We had our best economies when taxes were highest and yet to raise taxes today is a kiss of death. Even Reagan raised taxes many times. Odd how ideas conflict with reality, especially in the minds of conservatives and republicans?

    The Conservative Nanny State

    "Baker predicts a recession this year because of the housing bubble. Lets see how accurate he is. I'm betting on Baker. Don't bank on the Wall Street guys, they seem more interested in protecting their clients than getting you truth." from amaz review 2007
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    And the stats to prove it: [ame=http://www.amazon.com/United-States-since-World-Since/dp/0521677556/ref=sr_1_fkmr0_2?ie=UTF8]Amazon.com: The United States since 1980 (The World Since 1980) (9780521677554): Dean Baker: Books[/ame]


    ""Reagan was coming from this very simple proposition: If you lower the tax rate, then more people will work, there will be more income in the economy and everyone's lives would be better. Despite a 25 percent income tax cut, by 1982 Reagan faced a deepening recession, mounting unemployment and homelessness.""
    Ken Duberstein, Reagan Chief of Staff

    Newsflash: Ronald Reagan Raised Taxes (You Idiots) | Firedoglake
     
  7. LordBrownTrout
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    LordBrownTrout Gold Member

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    It would be so simple to end the progressive system of taxation and implement at flat tax, say 15 percent on everyone. No loopholes, deductions, credits or other assorted snake oils.
     
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  8. Quantum Windbag
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    Quantum Windbag Gold Member

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    Personally, I blame you.
     

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