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Yet Lincoln is held as one of our greatest president and John Wilkes booth as just another mark against the failed successionists.Maybe to a revisionist.Nahhhhh... Lincoln showed you that traitors never prosper......Yeah, lincoln really showed us the constitution didnt matter one bit. We were no better than the oppressors we left.
Then again, lincoln was a traitor. And JWB gave him what he deserved.
Good point
Yes. America is filled with sociopaths and authoritarians.Yet Lincoln is held as one of our greatest president
Yeah, they all seem to want to replace rusty on the airwaves.Yes. America is filled with sociopaths and authoritarians.Yet Lincoln is held as one of our greatest president
Again, taxation is more about control.I'm a believer in uniformity and have long favored a flat tax and elimination of the capital gains and inheritance taxes by folding both into the income tax.
I'd begin that uniformity with the definition of income which I would classify as any money a person (or couple) receives minus any costs they paid to secure that income. That's it. It wouldn't matter if the money comes from work, capital gain on investment, capital gain on sale of property, the lottery, welfare checks, inheritance, gambling, found money, etc. Expenses would be anything from steel toe shoes, cost of commuting to work, cost of the stock or other property for which there was a gain, dry cleaning, etc. To eliminate much of the headache of tax filing I'd keep a standard deduction to account for basic expenses a person pays that goes with having a job instead of accounting for most of this crap.
That uniformity I like also includes making the corporate tax rate the same as the personal tax rate which would be the same rate for head of households, singles, couples filing jointly, couples filing individually, and couples that anybody is outraged at why the government classifies them as couples.
Naturally the broader we include what is income the simpler the tax code, the less tax avoidance games people need to play, and the lower the fixed tax rate can be set.
I agree a flat tax has its appeal.
The problem comes in deciding what is profit to be taxed?
Somethings have a 100% mark up, like art, and something have only a 10% mark up, like milk in a grocery store.
So you can't tax gross, but only profits.
And then the problem is poor people actually have very little profit once you consider rent, food, gas, etc., as part of the costs of doing business.
But a way to deal with that is to just have a large flat personal exemption, like $15,000 for the household and another $5,000 per person exemption?
That way a family of 3 (2 parents and a child), would not pay any tax on the first $30,000.
And then anything after that could be taxed at a high flat rate, like 25%.
So then a millionaire would be getting only the same exemptions, and be paying 25% on almost everything, without writes off for mansion mortgages, depreciation, etc.
Or just tax all income at a lower rate.
I never understood the logic behind exempting X amount then taxing the rest at a higher rate. Just average out the higher rate across all income.
So if a person makes 1000 dollars and the first 250 is not taxed and the remaining 750 is taxed at 20% 150 is paid in taxes.
Why not just tax from the first dollar at 15%?
what?Yeah, they all seem to want to replace rusty on the airwaves.Yes. America is filled with sociopaths and authoritarians.Yet Lincoln is held as one of our greatest president
You want socialism in taxation?Again, taxation is more about control.I'm a believer in uniformity and have long favored a flat tax and elimination of the capital gains and inheritance taxes by folding both into the income tax.
I'd begin that uniformity with the definition of income which I would classify as any money a person (or couple) receives minus any costs they paid to secure that income. That's it. It wouldn't matter if the money comes from work, capital gain on investment, capital gain on sale of property, the lottery, welfare checks, inheritance, gambling, found money, etc. Expenses would be anything from steel toe shoes, cost of commuting to work, cost of the stock or other property for which there was a gain, dry cleaning, etc. To eliminate much of the headache of tax filing I'd keep a standard deduction to account for basic expenses a person pays that goes with having a job instead of accounting for most of this crap.
That uniformity I like also includes making the corporate tax rate the same as the personal tax rate which would be the same rate for head of households, singles, couples filing jointly, couples filing individually, and couples that anybody is outraged at why the government classifies them as couples.
Naturally the broader we include what is income the simpler the tax code, the less tax avoidance games people need to play, and the lower the fixed tax rate can be set.
I agree a flat tax has its appeal.
The problem comes in deciding what is profit to be taxed?
Somethings have a 100% mark up, like art, and something have only a 10% mark up, like milk in a grocery store.
So you can't tax gross, but only profits.
And then the problem is poor people actually have very little profit once you consider rent, food, gas, etc., as part of the costs of doing business.
But a way to deal with that is to just have a large flat personal exemption, like $15,000 for the household and another $5,000 per person exemption?
That way a family of 3 (2 parents and a child), would not pay any tax on the first $30,000.
And then anything after that could be taxed at a high flat rate, like 25%.
So then a millionaire would be getting only the same exemptions, and be paying 25% on almost everything, without writes off for mansion mortgages, depreciation, etc.
Or just tax all income at a lower rate.
I never understood the logic behind exempting X amount then taxing the rest at a higher rate. Just average out the higher rate across all income.
So if a person makes 1000 dollars and the first 250 is not taxed and the remaining 750 is taxed at 20% 150 is paid in taxes.
Why not just tax from the first dollar at 15%?
If you stop a tax rate and make it across the board you treat everyone the same.
And if you treat everyone the same, who will send politicians their money to get special perks like unions and corporations, etc.?
The government is the government and we should fully fund it.They need to make taxes voluntary. That way, rich Democrats can have their way and get to pay more taxes. Personally, I would still be generous with my money. I would still give to various causes I prefer. For me, that would be much better than having crooked politicians like Pelosi, Schumer and McConnell decide who should benefit from my tax money. Government is like a crooked charity. Only 5 cents on a dollar finds its way to the cause. Yeah, voluntary taxes sounds good to me.
Blah blah blah waste blah blah blah abuse blah blah blah...what you really mean is they don’t spend enough on the things that directly affect me.I think the real question should be how much should our gov't spend and on what? And at what level: federal, state, or local? I'm thinking we are paying higher taxes than we should cuz we are spending way too much money on shit that we shouldn't. And we oughta be focused more on increasing the effectiveness and efficiency on how and where the money goes, there's way too much fraud, waste, and abuse.
I could argue that the cost of the food I eat and the home I sleep in are expenses incurred so I can work.,
We should just have a flat tax with no deductions or exemptions from the first dollar earned.
I think 10% is a reasonable amount to pay in taxes.
it's like that now.I could argue that the cost of the food I eat and the home I sleep in are expenses incurred so I can work.,
We should just have a flat tax with no deductions or exemptions from the first dollar earned.
I think 10% is a reasonable amount to pay in taxes.
Folks argue about many things, but surely not all of them make sense. For example, I could argue that under your tax plan if you invests $10,000 in the stock market and two weeks later sell it all for $12,000 that initial $10,000 was an expense. Which leaves you stuck owing $1200 on your $1000 gain.
it's like that now.I could argue that the cost of the food I eat and the home I sleep in are expenses incurred so I can work.,
We should just have a flat tax with no deductions or exemptions from the first dollar earned.
I think 10% is a reasonable amount to pay in taxes.
Folks argue about many things, but surely not all of them make sense. For example, I could argue that under your tax plan if you invests $10,000 in the stock market and two weeks later sell it all for $12,000 that initial $10,000 was an expense. Which leaves you stuck owing $1200 on your $1000 gain.
You don't get taxed on your basis when you use after tax money to buy stocks.
The 10 grand isn't an expense because you already paid taxes on it so if buy a stock for 10K and sell it for 12K you only get taxed on the 2K difference so at 15% you would pay 300 on your 2K gain
Or they take their money and move to another country.My,, that tax rate system is mighty white of you. So people stop earning over 1 billion dollars and keep their income at 999 million. Not a billion so only pay 45%...Dumbass like you are too stupid to know the games the Prog elites play. By the way, one of the richest people, Warren Buffet has an earned income of a penny.....You going to tax that penny from him?Well a couple of things here.
- The US public owns most of our debt.
- The Fed is a separate entity from the US Treasury (which houses the IRS). The Treasury taxes...the fed has nothing to do with that. So your Pocahontas meme is a very strange thing
Now to get to the meat and potatoes, how much should we pay in taxes:
1 billion or more income: 60%
100 million - 999,999 million: 45%
1 million - 100 million: 40%
300k - 1 million: 35%
100k - 299k: 30%
100k or less: 20%
I could argue that the cost of the food I eat and the home I sleep in are expenses incurred so I can work.,
We should just have a flat tax with no deductions or exemptions from the first dollar earned.
I think 10% is a reasonable amount to pay in taxes.
Folks argue about many things, but surely not all of them make sense. For example, I could argue that under your tax plan if you invests $10,000 in the stock market and two weeks later sell it all for $12,000 that initial $10,000 was an expense. Which leaves you stuck owing $1200 on your $1000 gain.
Something like a "consumption tax" is probably a good idea, but only if it is progressive, not an exploitative, regressive "same percent for all".We should pay 23% to 24% in taxes. But we should pay it as a consumption tax. And every single person pays the same amount.
It is called the Fair Tax Act. The only federal taxes we should pay is a 23% sales tax. No income tax. No payroll tax. No telephone/build911/surcharge tax. No federal fuel tax.
And you would get a rebate on the 23% tax up to the poverty line, so no one is taxed on what it takes to survive. You get the rebate. I get the rebate. Elon Musk gets the rebate.
And if politicians want to raise taxes, they have to raise taxes on every single tax payer, not just select groups.
And there would be no withholding on paychecks. You make $10 an hour and work 40 hours? You get $400. The 23% tax would be on all new goods and services. Buy used? No tax.
Perhaps it is spending to much on things that do not. Endless poverty payouts on a mission to end it while promoting irresponsible ways to collect since the mid 1960's is insane. And more then that has to be done on purpose. That is a long enough time frame to prove it. It is either that or people who get caught up on that do it on purpose or are idiots.Blah blah blah waste blah blah blah abuse blah blah blah...what you really mean is they don’t spend enough on the things that directly affect me.I think the real question should be how much should our gov't spend and on what? And at what level: federal, state, or local? I'm thinking we are paying higher taxes than we should cuz we are spending way too much money on shit that we shouldn't. And we oughta be focused more on increasing the effectiveness and efficiency on how and where the money goes, there's way too much fraud, waste, and abuse.
Something like a "consumption tax" is probably a good idea, but only if it is progressive, not an exploitative, regressive "same percent for all".We should pay 23% to 24% in taxes. But we should pay it as a consumption tax. And every single person pays the same amount.
It is called the Fair Tax Act. The only federal taxes we should pay is a 23% sales tax. No income tax. No payroll tax. No telephone/build911/surcharge tax. No federal fuel tax.
And you would get a rebate on the 23% tax up to the poverty line, so no one is taxed on what it takes to survive. You get the rebate. I get the rebate. Elon Musk gets the rebate.
And if politicians want to raise taxes, they have to raise taxes on every single tax payer, not just select groups.
And there would be no withholding on paychecks. You make $10 an hour and work 40 hours? You get $400. The 23% tax would be on all new goods and services. Buy used? No tax.
