First you have Grover Norquist who has vowed to attend a meeting at the guillotine before he'll tolerate any type of additional tax on the rich. Then you have several Republicans who are adamant about a flat tax. Of course the rich folks would love to see a flat tax because they would automatically see a total annual tax amount at around half of what they are paying now and they could fire their tax lawyers and accountants.
Now the most asinine idea of all of them is Mike Huckabee's national sales tax. Now brother....anybody who falls for this one needs an extensive examination of their brain at the Cleveland Clinic. Poor folks spend all their money and the rich might spend half of their million dollars a year...plus they have a choice about whether or not to buy another yacht or keep using the 2010 model.
What none of them want to discuss is that the poor folks are already paying the highest percentage rates when all taxes are considered vs their total expendable income. At the end of the month there's nothing remaining so that means 100% of their income was taxed or subjected to fees of one kind or another.
1: State Income Taxes(not in all states but in many)
2: Payroll taxes( if they're working and everybody is honest this gets paid every pay period.)
3: Sales tax.....since the poor spend everything nearly all of it is subject to a sales tax.
4: Gasoline tax....trivial to a rich man, considerable to the family barely getting by
5: Vendor tax....always passed along to the consumer
6: Property tax....if one is lucky enough to own a home. Otherwise they rent. Rent includes all expenses the owner has whether maintenance or his own taxes, plus a profit.
7: Federal excise tax....excise taxes are usually included in the price of the product. It's the tax on automobile tires and other activities such as highway usage by trucks
Then there's fees...ever notice those little add ons when you're looking at your phone or power bill. There's always a dollar or two.
Even automobile registration is a tax. The state and county collect that.
One thing is for certain. Any tax which is imposed on a manufacturer's product or service is passed along to the buyer.....it's called bottom line profit.
Any thing a common man enjoys, fishing hunting, camping, boating, travel etc. subjects his/her family to more taxes. Ever notice the fees and taxes on the bill you paid when you checked out of a hotel or motel?
If any common man falls for the idea that a flat tax or national sales tax is good they deserve what they get. If the average citizens weren't getting the short end you can bet the Republicans wouldn't be advocating it.
How did you determine that "rich folks would love to see a flat tax because they would automatically see a total annual tax amount at around half of what they are paying now?"
How did you determine that all or even most rich people have yachts?
Where is your dividing line between rich and not rich?
How do you know that those making a mil/yr spend only half of it?
While it is true that "poor folks are already paying the highest percentage rates when all taxes are considered vs their total expendable income," it is also true about any of their expenditures ... from food to toilet paper.
It must be again noted that the bottom 48% of American earners pay NO FEDERAL PERSONAL INCOME TAX while the top 1% - those making over $438,000/yr - carry 38% of the total tax burden and the top 25% - those earning over $73,000 pay 86% of all federal income tax collected.
So what would satisfy you? 96%? 106%?
you don't know what you are talking about
LMAO!!!! That's easy for you to say....I spent over an hour researching stats for that epistle and you drop it like a used condom. Typical Republican.
Oh! I forgot...most Republicans can't even read effectively. I'll define "epistle" for you:
"A literary composition in the form of a letter"
Over an hour researching? A whole hour?
Woo.
I noticed you failed to post any of the links to your "research."
Perusing the fetid bowels of your favorite eat-the-rich website for an hour just to satisfy your preconceived loony left notions is hardly what any rational person would call research. You can find "validation" for any thought or concept - including "hard evidence" that the earth is flat - on the Internet.
You've done just that.
The Flat Earth Society - Index
yeah...I've heard that argument made by those at the top all my life.....course I'm just 81 and so far all they've done is get richer. Take this under advisement.... "Trickle Down Didn't Work.....unless it was warm piss trickling down the backs of working America.
In the late 1940's a corporate executive earned about 12-15 times what an electrician or pipe fitter made. By the 1960's about 55 times as much. By the 1970's about 100 times as much. In 2012 CEO's made 400-500 times as much as an ordinary American worker. Do you think maybe them selecting their own board of directors and suggesting their plans to them had any effect? I wouldn't trust a rich man in the shithouse with a muzzle on. Warren Buffett is a fine human being and he's one in a million. Most of them use their control to keep ordinary workers working like serfs and dependent upon the rich for everything they need. I predict that at some point working people will finally catch on to the fact that they are making the rich man richer. If it was not for workers waking up early, traveling to their jobs and producing something for the "company" all day long every day everybody would just starve.
Global Unions is what ordinary workers should concentrate on. Shut the whole thing down and see how the wealthy who hire some one to do everything but wipe their ass fare. Just because some arrogant ass hole inherits someone else's wealth doesn't mean he's smarter....just luckier.
Nobody asks to be born
Nobody gets to say where they will be born
Nobody gets to select their parents
Nobody has anything to do with what kind of IQ they'll have
Nobody has anything to say about whether they'll be born with all their extremities
One thing for sure......they will die just like everybody else
These rich bastards who look in the mirror and think they're some kind of god can get my honest appraisal....they're a god damned poor excuse for a human being.
I agree, there is no "trickle down." There is flood down opportunity when you enable job providers to do our jobs, and there is trickle up poverty when you don't. but trickle down doesn't exist
Trickle Down!!! The biggest lie and one of the biggest financial failures in our country's history. Reagan gave $3 trillion dollars to rich folks in tax cuts and never cut spending a damn dime. The sad thing is he borrowed every penny of it from foreign banks. This is not rocket science. When someone cuts taxes for the wealthy and doesn't match it with cuts in spending new debt is accrued. There have been two distinct opportunities to completely pay off the national debt and instead of doing it the Republicans slashed taxes and quadrupled and then doubled the debt again. These figures are a matter of record and can be easily checked. Oh...by the way, I didn't cut and paste this from some online site....I used the figures from the bureau of the debt and prepared it myself:
....................................Total U S Debt.......................................
09/30/2009 $11,909,829,003,511.75
(80% Of All Debt Across 232 Years Borrowed By Reagan And Bushes)
09/30/2008 $10,024,724,896,912.49(Times Square Debt Clock Modified To Accommodate Tens of Trillions)
09/30/2007 $9,007,653,372,262.48
09/30/2006 $8,506,973,899,215.23
09/30/2005 $7,932,709,661,723.50
09/30/2004 $7,379,052,696,330.32
09/30/2003 $6,783,231,062,743.62
(Second Bush Tax Cuts Enacted Using Reconciliation)
09/30/2002 $6,228,235,965,597.16
09/30/2001 $5,807,463,412,200.06
(First Bush Tax Cuts Enacted Using Reconciliation)
09/30/2000 $5,674,178,209,886.86
(Administration And Congress Arguing About How To Use Surplus)
09/30/1999 $5,656,270,901,615.43(
First Surplus Generated...On Track To Pay Off Debt By 2012)
09/30/1998 $5,526,193,008,897.62
09/30/1997 $5,413,146,011,397.34
09/30/1996 $5,224,810,939,135.73
09/29/1995 $4,973,982,900,709.39
09/30/1994 $4,692,749,910,013.32
09/30/1993 $4,411,488,883,139.38 (
Debt Quadrupled By Reagan/Bush41)
09/30/1992 $4,064,620,655,521.66
09/30/1991 $3,665,303,351,697.03
09/28/1990 $3,233,313,451,777.25
09/29/1989 $2,857,430,960,187.32
09/30/1988 $2,602,337,712,041.16
09/30/1987 $2,350,276,890,953.00
09/30/1986 $2,125,302,616,658.42
09/30/1985 $1,823,103,000,000.00
09/30/1984 $1,572,266,000,000.00
09/30/1983 $1,377,210,000,000.00
09/30/1982 $1,142,034,000,000.00(Total Debt Passes $1 Trillion)(
(Reagan Slashed Tax Rates To Pre Depression Levels)
09/30/1981 $997,855,000,000.00
