Originally posted by SoleranDo you remember what happened when Clinton raised taxes on the 1% of the country but cut the taxes on middle and lower-class people? A balanced budget and economic growth nationwide. Growth that has been squandered into a horrible deficit by the Bush administration. It makes a difference
Really doesn't make a difference, another issue folks need to come to realize.
Originally posted by SoleranYou do realize that's the worst argument for any behavior, right?
The rich can pay someone to work through so many loopholes closing off tax reforms means VERY VERY little to them.
"Hey, let's make it absolutely legal to commit a hate crime, because if we don't, people will find a way around the law anyway!"
Originally posted by Strangelove
Do you remember what happened when Clinton raised taxes on the 1% of the country but cut the taxes on middle and lower-class people? A balanced budget and economic growth nationwide. Growth that has been squandered into a horrible deficit by the Bush administration. It makes a difference
Govt spending is as much the culperate as the income itself so a tax piece in and of itself is shit.
Tax's aren't the solution either way how long is it going to take people to realize this?
You do realize that's the worst argument for any behavior, right?"Hey, let's make it absolutely legal to commit a hate crime, because if we don't, people will find a way around the law anyway!"
WTF are you talking about?
Originally posted by RedAlertv2
Seeing as how the richest 2% of the US recieves 40% of the overall tax breaks, things need to change
How much do they pay into the system?
An enormous percentage of taxes are payed by a minority of Americans:
* The Top 1% of taxpayers pay 29% of all taxes.
* The Top 5% of taxpayers pay 50% of all taxes.
right wrong or indifferent that's alot of tax's.
Originally posted by Soleran
How much do they pay into the system?An enormous percentage of taxes are payed by a minority of Americans:
* The Top 1% of taxpayers pay 29% of all taxes.
* The Top 5% of taxpayers pay 50% of all taxes.right wrong or indifferent that's alot of tax's.
Yes that's true, but the top 1% and 5% of the population collectively control 90% of the money in existance as opposed to paying just 50% of the taxes. It's time to raise taxes on the super rich.
Originally posted by Darth_Erebus
Yes that's true, but the top 1% and 5% of the population collectively control 90% of the money in existance as opposed to paying just 50% of the taxes. It's time to raise taxes on the super rich.
Once again lets clear this up, raising tax's on the super rich doesn't have the results that you are hoping for, which would be more money to spend on those that don't hardly pay any tax's at all.
Originally posted by SoleranConversely giving them tax cuts they really don't need to begin with reduces federal revenues resulting in budget deficit.
Once again lets clear this up, raising tax's on the super rich doesn't have the results that you are hoping for, which would be more money to spend on those that don't hardly pay any tax's at all.
Originally posted by Soleran
Once again lets clear this up, raising tax's on the super rich doesn't have the results that you are hoping for, which would be more money to spend on those that don't hardly pay any tax's at all.
There will always be taxes to pay for everyone but a certain percentage of the population shouldn't pay any income taxes. The financial strain on infrastructure is largely caused by illegal immigrants.
The tax equation is complicated but the massive budget deficiets and national debt need to be adressed. First of all corporate tax needs to be dealt with. No more corporate welfare. High taxes on corporations who outsource operations to other countries while giving more tax breaks to companies that keep operations here in the US. Business tax breaks will be determined by how much in assets a company has. The more assets, the fewer tax breaks.
Abolish federal income taxes for anyone making less than $50K a year, keep the current tax for those making $50K to $200K and put a graduating tax scale for those making over $200K a year, obviously puting ever higher tax brackets the more someone makes. Abolish most tax shelters for individuals except for the mortgage interest of the primary residence only.
A constitutional amendment requiring a balanced budget should be put in place. Government spending is a major part of the problem.
This costly war in Iraq doesn't help, time for a withdrawl.
Some will argue that this system of taxation penalizes sucess but the tax code, the business and trade laws are currently set up to push wealth towards the top with it being concentrated in fewer and fewer hands. It's time for that to stop.
Originally posted by xmarksthespot
Conversely giving them tax cuts they really don't need to begin with reduces federal revenues resulting in budget deficit.
Yes and once again I have to tell you this, increasing thier tax's won't generate a significant source of revenue as they can have their CPA's work enough of the loopholes you won't see much if any more money from them. We should have the govt downsizing rather then finding new ways to pay into it and have the govt grow larger.
Originally posted by Darth_Erebus
There will always be taxes to pay for everyone but a certain percentage of the population shouldn't pay any income taxes. The financial strain on infrastructure is largely caused by illegal immigrants.The tax equation is complicated but the massive budget deficiets and national debt need to be adressed. First of all corporate tax needs to be dealt with. No more corporate welfare. High taxes on corporations who outsource operations to other countries while giving more tax breaks to companies that keep operations here in the US. Business tax breaks will be determined by how much in assets a company has. The more assets, the fewer tax breaks.
Abolish federal income taxes for anyone making less than $50K a year, keep the current tax for those making $50K to $200K and put a graduating tax scale for those making over $200K a year, obviously puting ever higher tax brackets the more someone makes. Abolish most tax shelters for individuals except for the mortgage interest of the primary residence only.
A constitutional amendment requiring a balanced budget should be put in place. Government spending is a major part of the problem.
This costly war in Iraq doesn't help, time for a withdrawl.
Some will argue that this system of taxation penalizes sucess but the tax code, the business and trade laws are currently set up to push wealth towards the top with it being concentrated in fewer and fewer hands. It's time for that to stop.
Yup and that's a retarded tax code, penalize the successful and reward those that generate significantly less if anything at all, talk about a flawed system.
Originally posted by SoleranYup and that's a retarded tax code, penalize the successful and reward those that generate significantly less if anything at all, talk about a flawed system.
No, it's a very workable solution, and a very fair one. You simply can't have the current system where only the very rich get everything while shoving the cost on the rapidly shrinking middle class and expect it to be sustainable.
Originally posted by Soleran
How much do they pay into the system?An enormous percentage of taxes are payed by a minority of Americans:
* The Top 1% of taxpayers pay 29% of all taxes.
* The Top 5% of taxpayers pay 50% of all taxes.right wrong or indifferent that's alot of tax's.
We have already established that 50% of all income tax's are paid by the top 5% of the income earners. Instead you recomend shifting 90% of the cost to the top 5% and expect that to be fair, for who I might ask?
So we leave 10% of the difference to the remaining 95% of the population and you don't see a problem with that? I realize you like dobbs and thats cool he has some good insight but this isn't one of them.
First we should make the govt shrink and do govt cutbacks before we start looking to give them more money in anyway shape or form.
Originally posted by Soleran
We have already established that 50% of all income tax's are paid by the top 5% of the income earners. Instead you recomend shifting 90% of the cost to the top 5% and expect that to be fair, for who I might ask?Since they control 90% of the money, they should also pay 90% of the taxes, that IS fair
So we leave 10% of the difference to the remaining 95% of the population and you don't see a problem with that? I realize you like dobbs and thats cool he has some good insight but this isn't one of them.
If unions were stronger and wages were higher and thus a more equitable distribution of wealth then a more even tax system is in order. Under your/the current system the very wealthy make all the money yet defer the taxes to those that have limited incomes. Well, you just can't have it both ways
First we should make the govt shrink and do govt cutbacks before we start looking to give them more money in anyway shape or form.
Well, at least we can agree on something
If unions were stronger and wages were higher and thus a more equitable distribution of wealth then a more even tax system is in order. Under your/the current system the very wealthy make all the money yet defer the taxes to those that have limited incomes. Well, you just can't have it both ways
Unions aren't the greatest tools either so lets not go there. Unions are so large now they generate TONS of revenues off the actualy guild members now and drive up costs significantly.
I am not for this current system of taxation I have started a number of threads in the past regarding this. However having 5% of the population paying 90% of the tax's would in essence give them more control then you could ever imagine, thats not a good idea.
I has a solution to many of the problems.
In my sociology class, we were discussing the gap between rich and poor as a form of inequality and its implications as a social issue. There, of course, are those who advocate taxing the wealthiest more while taxing the poorest less. I am not of this school of thought. Rather, I have had such an incredibly brilliant idea that it could only have been spawned from my mind.The solution is twofold.
1. People need to stop being dumb and paying so much money for stupid things.
No, I’m not talking about attempting to buy salvation from televangelists (though that should probably stop, too). Rather, I’m talking about paying movie stars and athletes obscene sums of money to talk in front of a camera and run with a ball. It’s ridiculous that we’re paying these people millions of dollars for something that, for some unknown reason, is considered high priority and worth top dollar.
2. Tax retards more.
No, silly, don’t make mentally handicapped pay—make the socially subhuman pay! Slutty attention whores worth more than all my organs on the black market need to be taxed more heavily than people who don’t suck.
Allow me to elaborate on the concept of “sucky people.”
Sucky people are wealthy, selfish, self-focused douchebags who spend their money frivolously, could care less about charities unless it gets them media attention, lack social graces, may have an eating disorder, and, overall, make me wonder how in the hell our culture got so crappy. For two good examples of sucky people, look at Paris Hilton and Madonna. If they both died, the world would be a better place.
Not-sucky people aren’t exactly the opposite; they come in different forms. Poor and middle-class people aren’t sucky [in this way] because they aren’t exceedingly wealthy. Wealthy people who aren’t camwhoring skanks aren’t sucky, especially if they donate to charities (bonus points for doing so anonymously). Wealthy people who enjoy being on camera but are well-mannered and sensible about it aren’t sucky. For a good example of a non-sucky wealthy person, look at…well, I can’t think of one, probably because he or she isn’t a gaping orifice that feeds on the adoration of millions of idiots, bloating him/herself in order to fill the vast hole(s) in his or her life.
By taxing sucky people more heavily and investing the money into things like education, city renovations, and the war in Iraq, we would be much better off.
Fact:
Increasing the tax burden on the wealthy stagnates investments and slows the economy. A vibrant economy is accomplished with investments by the people which in turn produces more jobs.
Fact:
Jimmy Carter made tax increases that brought the USA into a recession. Unemployment was at an all time high.
Fact:
Ronald Reagan's tax cuts in the 1980's brought the USA out of the recession. These tax cuts also freed capital for R & D. We have all the nice electronic gadgets today because corporations were able to explore new technologies due to investments, lower taxes and the free market economy which is based on competition.
Fact:
It's a miracle that the USA has such a robust economy today after 9/11, Katrina and with the War on Terror. The unemployment rate is below 5%. The reason is the tax cuts and a free market economy based on competition. Small businesses are also flourishing. As a business owner I know about this first hand.
Fact:
Socialism has failed everywhere. Wealth redistribution, entitlements and a large, central government is always the wrong answer. Check the economy of France. They've adopted a Socialist system and their economy is stagnant. Cuba is doing well. The former USSR collapsed.
A free and competitive open market is the best system in the World. That's the reason everybody is trying to get in the USA, a better life with great opportunity. A Socialist system with government handouts breeds nothing but complacency and apathy. I believe that the US Government does have an obligation to care for the aged, disabled and unfortunate but they should also promote self reliance as part of the Welfare System.