Ryan Tax Plan would have lowered Romney's 2010 taxes to 1%

[edthecynic]

Dividends are not income in fact it is a second tax on what was already taxed to begin with. The income in the corporations is taxed then they turn around and tax those profits when given to the owners.

Oh BULLSHIT! By that moronic "logic" every dollar is multiple taxed. With the exception of when the dollar is first printed, it is taxed every time it changes hands so wages are taxed an infinite number of times.

Exactly, think about it first you get taxed on your income. Then you invest in a corporation. Then customers buy products from those corporations paying taxes. Then that corporation is taxed on it’s income. Then that corporation pays out dividends to you for the stock you bought. Then you pay taxes on those dividends. Then you sell those stocks then you have to pay taxes on those. Then you buy something and you have to pay taxes on that. Then you pay your cell phone bill and pay taxes on that and every other utility bill as well. Imagine how it never ends. Let’s change it to only allow sales tax and that is it.

Better yet, how about corporate taxes and that's it?

 

[OohPooPahDoo]

Nope I'm ok with them paying sales tax. In fact I say let's eliminate all federal, state, and county tax. Let’s make it so there is only local tax. If the county needs money they can get it from the city. If the state needs money, they can get it from the county. If the federal government needs money it can get it from the state.

Ahh! So your plan is to have the poor and middle class pay a great share of their income in taxation than the rich.

If the poor and middle class buy more than the rich, then they are not poor or middle class.

They spend a larger share of their income on consumer goods, thus their effective rate of taxation would be higher. its a regressive tax that you favor.

 

[Vast LWC]

Exactly, think about it first you get taxed on your income. Then you invest in a corporation. Then customers buy products from those corporations paying taxes. Then that corporation is taxed on it’s income. Then that corporation pays out dividends to you for the stock you bought. Then you pay taxes on those dividends. Then you sell those stocks then you have to pay taxes on those. Then you buy something and you have to pay taxes on that. Then you pay your cell phone bill and pay taxes on that and every other utility bill as well. Imagine how it never ends. Let’s change it to only allow sales tax and that is it.

I agree.

I think we should do away with most corporate taxes, as they are hardly ever actually paid anyway.

Perhaps lower them to about 10 percent, to cover additional infrastructure costs corporations incur, with no loopholes allowed whatsoever.

In return, we should raise Capital Gains tax rates to be at least the same as income tax.

That way, grandma doesn't see a rise in taxes on her retirement funding, but billionaires will start paying 35% on capital gains.

 

[Katzndogz]

So in your world the poor would PAY for their medicaid, food stamps, housing assistance, energy assistance, public school, college assistance...

...all through higher taxes ON the poor???

Can you get Romney to run on that?

In my world we wouldn't have leftist policies that create and encourage generational poverty.

When Bush was in power and Congress was lead by repubs they made no attempt to change any policy on welfare, in fact Bush increased wefare. He also allowed more poor to pay no taxes.

Bush tried his best to pander to the left with showy compassion, that also doesn't work.

 

[Vast LWC]

Why stop there let’s just go all the way and make the labor the owners. Let’s kick those evil rich people out of this country and give it to the people. We can let the government run it for the people. Mother America.

I didn't propose anything like this.

Paul Ryan, on the other hand, actually proposed not taxing the rich shareholders AT ALL.

I am not guilty of being over-the-top.

Paul Ryan is.

 

[OohPooPahDoo]

In my world we wouldn't have leftist policies that create and encourage generational poverty.

When Bush was in power and Congress was lead by repubs they made no attempt to change any policy on welfare, in fact Bush increased wefare. He also allowed more poor to pay no taxes.

Bush tried his best to pander to the left with showy compassion, that also doesn't work.

You mean Republicans voted for a man that enacted policies they are against - and then blamed Obama for it?

 

[miami_thomas]

well then let's just turn that around and see just how fair you think it is. Let's eliminate taxes on wages, it's their money not yours, and only tax capital gains, dividends, interest and inheritance. Still sound good????

Better yet let's just eliminate all taxes except sales tax.

gee what a surprise, NOT!
When the shoe is on the other foot suddenly it doesn't sound so good!

What are you talking about? The only money I make in dividends is my 401k. I work a regular job and I'm not rich. But I don’t have this insane obsession with them either. I’m fine with my life and the things I have. I don’t need to steal from the rich to pay for my things. I pay for my own things.

 

[DiamondDave]

Exactly, think about it first you get taxed on your income. Then you invest in a corporation. Then customers buy products from those corporations paying taxes. Then that corporation is taxed on it’s income. Then that corporation pays out dividends to you for the stock you bought. Then you pay taxes on those dividends. Then you sell those stocks then you have to pay taxes on those. Then you buy something and you have to pay taxes on that. Then you pay your cell phone bill and pay taxes on that and every other utility bill as well. Imagine how it never ends. Let’s change it to only allow sales tax and that is it.

I agree.

I think we should do away with most corporate taxes, as they are hardly ever actually paid anyway.

Perhaps lower them to about 10 percent, to cover additional infrastructure costs corporations incur, with no loopholes allowed whatsoever.

In return, we should raise Capital Gains tax rates to be at least the same as income tax.

That way, grandma doesn't see a rise in taxes on her retirement funding, but billionaires will start paying 35% on capital gains.

Yet others pay nowhere near 35% on their whatever forms of income?? No... You want a 35% tax rate, make it across the board... but funny how you would suddenly have people complaining about high tax rates because of the amount the government is spending...

You all still want higher taxes, as long as you don't have to pay them

 

[OohPooPahDoo]

Better yet let's just eliminate all taxes except sales tax.

gee what a surprise, NOT!
When the shoe is on the other foot suddenly it doesn't sound so good!

What are you talking about? The only money I make in dividends is my 401k. I work a regular job and I'm not rich. But I don’t have this insane obsession with them either. I’m fine with my life and the things I have. I don’t need to steal from the rich to pay for my things. I pay for my own things.

So since you're fine with your life, that obviously means the wealthy shouldn't pay taxes. its so obvious. why didn't i think of this before?

 

[miami_thomas]

Oh BULLSHIT! By that moronic "logic" every dollar is multiple taxed. With the exception of when the dollar is first printed, it is taxed every time it changes hands so wages are taxed an infinite number of times.

Exactly, think about it first you get taxed on your income. Then you invest in a corporation. Then customers buy products from those corporations paying taxes. Then that corporation is taxed on it’s income. Then that corporation pays out dividends to you for the stock you bought. Then you pay taxes on those dividends. Then you sell those stocks then you have to pay taxes on those. Then you buy something and you have to pay taxes on that. Then you pay your cell phone bill and pay taxes on that and every other utility bill as well. Imagine how it never ends. Let’s change it to only allow sales tax and that is it.

Better yet, how about corporate taxes and that's it?

Sure we could do that. At the end everybody else ends up paying for it anyways. They just raise their prices for their goods. It just makes it easier for the government to hide how much they are sucking out of you.

 

[Vast LWC]

Yet others pay nowhere near 35% on their whatever forms of income?? No... You want a 35% tax rate, make it across the board... but funny how you would suddenly have people complaining about high tax rates because of the amount the government is spending...

You all still want higher taxes, as long as you don't have to pay them

You want to lower the top bracket income taxes?

That's a completely different argument.

My argument is that there is NO REASON why investment income should be treated any differently than income derived from labor.

 

[Full-Auto]

gee what a surprise, NOT!
When the shoe is on the other foot suddenly it doesn't sound so good!

What are you talking about? The only money I make in dividends is my 401k. I work a regular job and I'm not rich. But I don’t have this insane obsession with them either. I’m fine with my life and the things I have. I don’t need to steal from the rich to pay for my things. I pay for my own things.

So since you're fine with your life, that obviously means the wealthy shouldn't pay taxes. its so obvious. why didn't i think of this before?

You dont have to be an idiot intentionally.. But here you are.......

 

[miami_thomas]

Ahh! So your plan is to have the poor and middle class pay a great share of their income in taxation than the rich.

If the poor and middle class buy more than the rich, then they are not poor or middle class.

They spend a larger share of their income on consumer goods, thus their effective rate of taxation would be higher. its a regressive tax that you favor.

It is a fair tax. We just will eliminate it for food. That is what they should be spending most of their income on yes?

 

[OohPooPahDoo]

If the poor and middle class buy more than the rich, then they are not poor or middle class.

They spend a larger share of their income on consumer goods, thus their effective rate of taxation would be higher. its a regressive tax that you favor.

It is a fair tax.

What makes it fair?

We just will eliminate it for food.

Why?

That is what they should be spending most of their income on yes?

Why should the poor spend most of their income on food? You think they have too much shelter and clothing but aren't fat enough?

 

[Ariux]

Your wealth envy is showing.

Shithead, I'm sure Romney loves Useful Idiots like yourself.

 

[edthecynic]

Better yet let's just eliminate all taxes except sales tax.

gee what a surprise, NOT!
When the shoe is on the other foot suddenly it doesn't sound so good!

What are you talking about? The only money I make in dividends is my 401k. I work a regular job and I'm not rich. But I don’t have this insane obsession with them either. I’m fine with my life and the things I have. I don’t need to steal from the rich to pay for my things. I pay for my own things.

If you are a wage earner, which I highly doubt, more likely you are a welfare queen, then the rich are stealing from you as sure as your claim that wage earners are stealing from the rich by the wage earners paying the bulk of the taxes.

 

[DiamondDave]

Yet others pay nowhere near 35% on their whatever forms of income?? No... You want a 35% tax rate, make it across the board... but funny how you would suddenly have people complaining about high tax rates because of the amount the government is spending...

You all still want higher taxes, as long as you don't have to pay them

You want to lower the top bracket income taxes?

That's a completely different argument.

My argument is that there is NO REASON why investment income should be treated any differently than income derived from labor.

I do not disagree with having ALL income treated the same.. every last dollar of it without exception...

And if it is necessary to currently have a 35% tax rate, as long as it is equal across the board on every dollar earned.. so be it... but mark my words, it gets that way, and THEN you would suddenly have the low wage earners complaining about high taxes and how much the government spends... because now, they do not do that, because they do not have a stake in the game at all that comes out of their pocket

The key is the flat tax AND having it without exception, deduction, loophole, etc... so you don't get these class warfare arguments of this rich person deducted amount X or earned only THIS income type so they paid less than their plumber or whatever... it eliminates all that bullshit, which government uses to play against us in our current system

 

[Ariux]

My argument is that there is NO REASON why investment income should be treated any differently than income derived from labor.

THE REASON we have lower taxes on investment income is because this is the primary income of the rich. The rich make the laws and they want the middle-class to pay all the taxes. And, the Tea Party is a party of Useful Idiots working very hard to raise the taxes of the middle class to pay for yet more tax reductions on the rich.

You're right, it's impractical and unjust for investment income to be treated differently than other income.

FYI, an advantage of being rich is structuring earned income as investment income.

 

[miami_thomas]

Why stop there let’s just go all the way and make the labor the owners. Let’s kick those evil rich people out of this country and give it to the people. We can let the government run it for the people. Mother America.

I didn't propose anything like this.

Paul Ryan, on the other hand, actually proposed not taxing the rich shareholders AT ALL.

I am not guilty of being over-the-top.

Paul Ryan is.

Maybe not but it is described everything is just a growth to the next phase. Phases grow through Liberalism to Socialism then Socialism to Communism. It is an evolution thing. We are trying to now take larger steps I would much rather step backwards. As far as the wealthy goes there needs to be a line. We should want all the wealthy we can get to want to come to the United States to spread that wealth. It is not the wealth that is here it is instead trying to get the wealth here. We should tax the wealthy but not paint them as the enemy. We should try to have laws to help the poor and middle class but within reason. We have passed that reason. We should not be taxing anybody as much as we are taxing. One person said 35%. 35% is astronomical. That is just crazy and that is just Federal tax not even include local, county, or state tax. Add those in and we are talking somewhere around 50%. That is just crazy and rich people eventually will start to look around for new places to call home. We should have a flat tax of 30% on all money made in a year. That should be it for all taxes. We need to only work at the local level. A person being taxed by federal, state, county, then city is like prey to sharks. I could also get behind a sales tax but I would do either one.

 

[miami_thomas]

My argument is that there is NO REASON why investment income should be treated any differently than income derived from labor.

THE REASON we have lower taxes on investment income is because this is the primary income of the rich. The rich make the laws and they want the middle-class to pay all the taxes. And, the Tea Party is a party of Useful Idiots working very hard to raise the taxes of the middle class to pay for yet more tax reductions on the rich.

You're right, it's impractical and unjust for investment income to be treated differently than other income.

FYI, an advantage of being rich is structuring earned income as investment income.

How many jobs do the middle class create? If the rich are not paying anything, then this country would be far worse off than it already is. The problem is it will never be enough for the Democrats. They will always want more and more and more. Not just at the federal level but at the state, county, and city level as well. There needs to be line drawn to prevent this country for committing taxuicide.?