There is no point in educating some people. I imagine you probably feel the same.
I'm not gonna waste 30 minutes of my life typing out all of the socio-economic reasons I support a flat tax, so that Go Beavers on the Pearl Jam forum might see things differently.
If "payng their fair share" means that "rich people" pay 100% in taxes, so that you and the like-minded can live in a tent on public property and shit on park benches, then I'm happy for you. At least you know what you want in life.
A lesser shit, I could not give...
why so condescending? it adds nothing to the debate and makes you come off as a troll.
i am against the flat tax because of the reasons i listed in my prior post...
again i ask, if this is such a brilliant idea why has it never been implemented?
Im fluent in sarcasm.
And your last question implies that every brilliant idea in the world has already been tried.
That explains this generation's laziness and apathy. But not the bitching...
I wonder if the flat tax advocates have thought their position through, or they just think it's a good idea because they get too confused every April.
You're a genius.
Ever file taxes?
Thank you, and yes, i have filed taxes (not sure what you're alluding to in your question, maybe you think it's confusing for everyone?). I guess you understand that a flat tax is a huge tax break for the wealthy and will make the working poor more poor. If you're equal to my genius, then you'll be able to tell me what revenue a flat tax will bring in.[/quote]
Not sure what you were alluding to in your original question, maybe you think anyone who could be for a flat tax HAS to be confused by the by the tax-filing process?
Not sure what you're alluding to in your second question/statement, maybe you think the 51% of Americans who pay NOTHING are being treated unfairly?
Oh wait, now I get it... A flat tax would be awkward for you, when you have to list your address as Zucotti Park on your tax forms.
Save the 1% jive for another turkey, man... I work for a living.[/quote]
For MayDayMalone
Oh your one of those guys who works for a living. I work for a living as well and the flat tax is not a good idea..at all. Do your research. A Flat Tax forces a choice between higher deficits or an increased burden for the middle class. There that sums it up for you. Look another guy with a job made it easier for you.[/quote]
Workin' man, huh? So what grade do you teach?
The "choice between higher deficits or an increased burden for the middle class" is the logical outcome to an individulal, such as yourself, suffering from the mental disorder that prevents the idea of CUTTING SPENDING from entering your brain.
This disorder is known as Liberalism, and impacts millions annually. It seems to most aggresively affect teenagers, minorities, Californians, New Englanders, teachers, and retired Jewish communities in Florida.
(College-educated white women have shown great improvement in overcoming this disease over the last three years, however.)
Symptoms include: confusion, emotional outbursts, laziness or lack of ambition, and an increased sense of entitlement.
Current treatments include: living at home w/ parents, applying for federal assistance, sleeping in the park, shitting on the sidewalk, and demanding the government make Life be "more fair".
Don't worry though, most of these people will leave you alone if you just give them a little change.
There is no point in educating some people. I imagine you probably feel the same.
I'm not gonna waste 30 minutes of my life typing out all of the socio-economic reasons I support a flat tax, so that Go Beavers on the Pearl Jam forum might see things differently.
If "payng their fair share" means that "rich people" pay 100% in taxes, so that you and the like-minded can live in a tent on public property and shit on park benches, then I'm happy for you. At least you know what you want in life.
A lesser shit, I could not give...
I was giving you the benefit of the doubt that you were not a "Birther" but after this "ramble"...you Mayday are indeed a Birther.
The "choice between higher deficits or an increased burden for the middle class" is the logical outcome to an individulal, such as yourself, suffering from the mental disorder that prevents the idea of CUTTING SPENDING from entering your brain.
This disorder is known as Liberalism, and impacts millions annually. It seems to most aggresively affect teenagers, minorities, Californians, New Englanders, teachers, and retired Jewish communities in Florida.
(College-educated white women have shown great improvement in overcoming this disease over the last three years, however.)
Symptoms include: confusion, emotional outbursts, laziness or lack of ambition, and an increased sense of entitlement.
Current treatments include: living at home w/ parents, applying for federal assistance, sleeping in the park, shitting on the sidewalk, and demanding the government make Life be "more fair".
Don't worry though, most of these people will leave you alone if you just give them a little change.
(get it? a little "change"?)
you have still yet to come up with any reasons for why a flat tax would actually work?
Its not my job to educate you, and what's more, you don't want to hear it anyways.
If you work for a living, make money, and pay taxes, then you understand how much is stolen and wasted by this corrupt gov't.
If you don't, then you don't. Get it?
I agree.
However, I'd rather people who can afford it get fucked than those who can't afford it.
Believe me, when I was growin up, I thought the worst thing you could turn out to be was normal, So I say freaks in the most complementary way. Here's a song by a fellow freak - E.V
Its not my job to educate you, and what's more, you don't want to hear it anyways.
If you work for a living, make money, and pay taxes, then you understand how much is stolen and wasted by this corrupt gov't.
If you don't, then you don't. Get it?
so why are buffet, gates, and bloomberg all advocating higher taxes on themselves when they would be much better off under a flat tax system, It's because they know it makes no sense
0% for those that make under 1000000
20% for those that make over
national sales tax of 0.25% that can only be used to pay down the national debt and only increased with a national referendum.
balanced budget amendment (with exception for national disaster emergencies and defense spending if American soil is attacked)
only deduction you can have is mortgage interest on primary residence and charitable giving.
sound fair to everyone?
the numbers could be adjusted a little bit I suppose, but something like this would make me happy. I like to think that it would give the feds less money and hold them to what is important, and that is spending less money and that seems like a win for me.
ultimately I like a flat tax, but definitely understand that some think it creates an unfair taxation system.
but this seems like a system that gives an income tax decrease for all and a consumption tax that may make people think twice before spending every cent they have on stuff they don't need.
I don't know. anyone like this idea?
that’s right! Can’t we all just get together and focus on our real enemies: monogamous gays and stem cells… - Ned Flanders
It is terrifying when you are too stupid to know who is dumb
- Joe Rogan
0% for those that make under 1000000
20% for those that make over
national sales tax of 0.25% that can only be used to pay down the national debt and only increased with a national referendum.
balanced budget amendment (with exception for national disaster emergencies and defense spending if American soil is attacked)
only deduction you can have is mortgage interest on primary residence and charitable giving.
sound fair to everyone?
the numbers could be adjusted a little bit I suppose, but something like this would make me happy. I like to think that it would give the feds less money and hold them to what is important, and that is spending less money and that seems like a win for me.
ultimately I like a flat tax, but definitely understand that some think it creates an unfair taxation system.
but this seems like a system that gives an income tax decrease for all and a consumption tax that may make people think twice before spending every cent they have on stuff they don't need.
I don't know. anyone like this idea?
thats all well and good but how much revenue would be generated
The "choice between higher deficits or an increased burden for the middle class" is the logical outcome to an individulal, such as yourself, suffering from the mental disorder that prevents the idea of CUTTING SPENDING from entering your brain.
This disorder is known as Liberalism, and impacts millions annually. It seems to most aggresively affect teenagers, minorities, Californians, New Englanders, teachers, and retired Jewish communities in Florida.
(College-educated white women have shown great improvement in overcoming this disease over the last three years, however.)
Symptoms include: confusion, emotional outbursts, laziness or lack of ambition, and an increased sense of entitlement.
Current treatments include: living at home w/ parents, applying for federal assistance, sleeping in the park, shitting on the sidewalk, and demanding the government make Life be "more fair".
Don't worry though, most of these people will leave you alone if you just give them a little change.
(get it? a little "change"?)
keep this up and you probably won't be here too long...
i am a liberal and i am none of those things and i have done none of those things..
"You can tell the greatness of a man by what makes him angry." - Lincoln
Its not my job to educate you, and what's more, you don't want to hear it anyways.
If you work for a living, make money, and pay taxes, then you understand how much is stolen and wasted by this corrupt gov't.
If you don't, then you don't. Get it?
so why are buffet, gates, and bloomberg all advocating higher taxes on themselves when they would be much better off under a flat tax system, It's because they know it makes no sense
actually they are in favor of higher income tax rates, of which they all take very small amounts of "salary" that is taxed at an income tax rate. So effectively they are for raising taxes on other people more than themselves. There is an easy way for people like Warren and Bill to raise their own taxes...it is called over paying. and no one will stop them from paying more in taxes. Also, Warren could simply take a larger salary as opposed to being paid in dividends and stock sales (capital gains)...Captial gains tax rates are tricky and like income taxes raising them doesn't mean automatically that revenue will be raised.
They are in favor of higher tax revenue because they understand what the deficit does to their dollars. It makes them worth less. And they also are smart enough to realize that relying on a system that would require the government to spend less probably isn't a good bet. I cannot speak for them but I would be surprised if they would be saying raise taxes in an environment where the deficit wasn't in the trillions. every god damn year.
that’s right! Can’t we all just get together and focus on our real enemies: monogamous gays and stem cells… - Ned Flanders
It is terrifying when you are too stupid to know who is dumb
- Joe Rogan
actually they are in favor of higher income tax rates, of which they all take very small amounts of "salary" that is taxed at an income tax rate. So effectively they are for raising taxes on other people more than themselves. There is an easy way for people like Warren and Bill to raise their own taxes...it is called over paying. and no one will stop them from paying more in taxes. Also, Warren could simply take a larger salary as opposed to being paid in dividends and stock sales (capital gains)...Captial gains tax rates are tricky and like income taxes raising them doesn't mean automatically that revenue will be raised.
They are in favor of higher tax revenue because they understand what the deficit does to their dollars. It makes them worth less. And they also are smart enough to realize that relying on a system that would require the government to spend less probably isn't a good bet. I cannot speak for them but I would be surprised if they would be saying raise taxes in an environment where the deficit wasn't in the trillions. every god damn year.
yes but we are in an environment where the deficit is in the trillions, if we weren't i would be all for lower taxes, and yes there should be cuts in expenditure too, but cutting trillions in expenditure alone isn't feasable either, tough decisions have to be made and now is the time to put the national interest ahead of self interest. and gates has been pushing for a financial transaction tax, which would be a tax on him and his dividends and stock sales
Its not my job to educate you, and what's more, you don't want to hear it anyways.
If you work for a living, make money, and pay taxes, then you understand how much is stolen and wasted by this corrupt gov't.
If you don't, then you don't. Get it?
I agree.
However, I'd rather people who can afford it get fucked than those who can't afford it.
How about nobody gets fucked? B/c who is going to decide who it is that gets fucked? You? Me?
A President? Some politician?
0% for those that make under 1000000
20% for those that make over
national sales tax of 0.25% that can only be used to pay down the national debt and only increased with a national referendum.
balanced budget amendment (with exception for national disaster emergencies and defense spending if American soil is attacked)
only deduction you can have is mortgage interest on primary residence and charitable giving.
sound fair to everyone?
the numbers could be adjusted a little bit I suppose, but something like this would make me happy. I like to think that it would give the feds less money and hold them to what is important, and that is spending less money and that seems like a win for me.
ultimately I like a flat tax, but definitely understand that some think it creates an unfair taxation system.
but this seems like a system that gives an income tax decrease for all and a consumption tax that may make people think twice before spending every cent they have on stuff they don't need.
I don't know. anyone like this idea?
Its not my job to educate you, and what's more, you don't want to hear it anyways.
If you work for a living, make money, and pay taxes, then you understand how much is stolen and wasted by this corrupt gov't.
If you don't, then you don't. Get it?
I agree.
However, I'd rather people who can afford it get fucked than those who can't afford it.
How about nobody gets fucked? B/c who is going to decide who it is that gets fucked? You? Me?
A President? Some politician?
Then what?
It a dangerous precedent...
Sounds excellent.
Howabout we cut by cutting defense spending and corporate subsidies.
Believe me, when I was growin up, I thought the worst thing you could turn out to be was normal, So I say freaks in the most complementary way. Here's a song by a fellow freak - E.V
I'm in favor of a flat tax, but simplicity is only a part of the reason.
and what is the rest of the reason???
I don't feel there should be different tax rates for different people.
considering the hierarchical nature of capitalism, why not??? i dont see why the person who makes his billions from the raping of a countrys natural resources shouldnt give back more (via tax) to society than a check out chick. i imagine 15% of their earnings is more negligible than 15% of hers. or how about those bank CEOs who recieve multi million dollar golden handshakes.. for doing what exactly????
hear my name
take a good look
this could be the day
hold my hand
lie beside me
i just need to say
The "choice between higher deficits or an increased burden for the middle class" is the logical outcome to an individulal, such as yourself, suffering from the mental disorder that prevents the idea of CUTTING SPENDING from entering your brain.
This disorder is known as Liberalism, and impacts millions annually. It seems to most aggresively affect teenagers, minorities, Californians, New Englanders, teachers, and retired Jewish communities in Florida.
(College-educated white women have shown great improvement in overcoming this disease over the last three years, however.)
Symptoms include: confusion, emotional outbursts, laziness or lack of ambition, and an increased sense of entitlement.
Current treatments include: living at home w/ parents, applying for federal assistance, sleeping in the park, shitting on the sidewalk, and demanding the government make Life be "more fair".
Don't worry though, most of these people will leave you alone if you just give them a little change.
(get it? a little "change"?)
keep this up and you probably won't be here too long...
i am a liberal and i am none of those things and i have done none of those things..
yes but we are in an environment where the deficit is in the trillions, if we weren't i would be all for lower taxes, and yes there should be cuts in expenditure too, but cutting trillions in expenditure alone isn't feasable either, tough decisions have to be made and now is the time to put the national interest ahead of self interest. and gates has been pushing for a financial transaction tax, which would be a tax on him and his dividends and stock sales
It's a good point, but our elected leaders have yet to produce a plan for cutting the budget in the short term (which I define as in the next two years).
This issue continues to be fought based on liberal / conservative view-points.
I agree that cutting trillions by cutting expenditures isn't feasible. But cutting trillions by raising taxes isn't feasible either. And to trust a group of individuals who are known for being liars with a plan to somehow balance the budget by 2022 is not feasible either.
We should be united in demanding that congress presents a budget plan before giving them more money. Instead, the politicians have distracted us by turning us against each other.
You lost me. I have no idea what cutting the military and corporate blah, blah, has to do with the merits of a flat tax in the context of this discussion...
Why don't you cut your "soft" country's military budget? Since you said your country has never experienced a terorist attack, sounds like you don't need a military...
because you've probably got the UN (USA), or NATO (USA) or just the USA military to protect you.
0% for those that make under 1000000
20% for those that make over
national sales tax of 0.25% that can only be used to pay down the national debt and only increased with a national referendum.
balanced budget amendment (with exception for national disaster emergencies and defense spending if American soil is attacked)
only deduction you can have is mortgage interest on primary residence and charitable giving.
sound fair to everyone?
the numbers could be adjusted a little bit I suppose, but something like this would make me happy. I like to think that it would give the feds less money and hold them to what is important, and that is spending less money and that seems like a win for me.
ultimately I like a flat tax, but definitely understand that some think it creates an unfair taxation system.
but this seems like a system that gives an income tax decrease for all and a consumption tax that may make people think twice before spending every cent they have on stuff they don't need.
I don't know. anyone like this idea?
thats all well and good but how much revenue would be generated
income tax wise, probably less than the 900 billion or so they get through income tax now, but not by that much. numbers get a little fuzzy but my guess would be based on a 750,000 in salary for every millionaire we have (which isn't exactly right but probably takes into account the differences in salary from the lowest to the highest but is more than likely a gross under representation of the amount) is about 465 billion. about half of what they get now(but like I said it is probably an under representation). Probably a good amount if there is a balanced budget amendment.
based on national sales data I would say roughly 10 billion would be raised through the national sales tax which go to the national debt only, not a great amount, but could help pay down the principle considering the interest payments would still be made through the normal budget as they are now.
It is theory only, but I would say the national sales tax may raise more revenue than that based on people who spend it quickly would have more money. We also may see an increase in revenue above the 465 billion based on my quick preliminary numbers. either way, it would be less than they get now which would be fine considering there would be a balanced budget every year. also to clarify, millionaire status would be based on total wealth not total income.
who knows exactly what would happen, but those are some rough numbers if you were really that interested
that’s right! Can’t we all just get together and focus on our real enemies: monogamous gays and stem cells… - Ned Flanders
It is terrifying when you are too stupid to know who is dumb
- Joe Rogan
You lost me. I have no idea what cutting the military and corporate blah, blah, has to do with the merits of a flat tax in the context of this discussion...
Why don't you cut your "soft" country's military budget? Since you said your country has never experienced a terorist attack, sounds like you don't need a military...
because you've probably got the UN (USA), or NATO (USA) or just the USA military to protect you.
To be fair, military expenditures will need to be reduced significantly in order to balance the budget. It makes up to big a chunk of the budget. Medicare and Social Security are almost untouchable because of the voter base. Programs like Education, Transportation, etc pale in comparison to the defense budget. In order to make significant cuts and be fiscally responsible, tough decisions will need to be made.
0% for those that make under 1000000
20% for those that make over
national sales tax of 0.25% that can only be used to pay down the national debt and only increased with a national referendum.
balanced budget amendment (with exception for national disaster emergencies and defense spending if American soil is attacked)
only deduction you can have is mortgage interest on primary residence and charitable giving.
sound fair to everyone?
the numbers could be adjusted a little bit I suppose, but something like this would make me happy. I like to think that it would give the feds less money and hold them to what is important, and that is spending less money and that seems like a win for me.
ultimately I like a flat tax, but definitely understand that some think it creates an unfair taxation system.
but this seems like a system that gives an income tax decrease for all and a consumption tax that may make people think twice before spending every cent they have on stuff they don't need.
I don't know. anyone like this idea?
Not a bad start.
What would Capital Gains taxes be?
same as they are now. possibly another lower tier added in if the investment is owned for longer than 10 years
that’s right! Can’t we all just get together and focus on our real enemies: monogamous gays and stem cells… - Ned Flanders
It is terrifying when you are too stupid to know who is dumb
- Joe Rogan
actually they are in favor of higher income tax rates, of which they all take very small amounts of "salary" that is taxed at an income tax rate. So effectively they are for raising taxes on other people more than themselves. There is an easy way for people like Warren and Bill to raise their own taxes...it is called over paying. and no one will stop them from paying more in taxes. Also, Warren could simply take a larger salary as opposed to being paid in dividends and stock sales (capital gains)...Captial gains tax rates are tricky and like income taxes raising them doesn't mean automatically that revenue will be raised.
They are in favor of higher tax revenue because they understand what the deficit does to their dollars. It makes them worth less. And they also are smart enough to realize that relying on a system that would require the government to spend less probably isn't a good bet. I cannot speak for them but I would be surprised if they would be saying raise taxes in an environment where the deficit wasn't in the trillions. every god damn year.
yes but we are in an environment where the deficit is in the trillions, if we weren't i would be all for lower taxes, and yes there should be cuts in expenditure too, but cutting trillions in expenditure alone isn't feasable either, tough decisions have to be made and now is the time to put the national interest ahead of self interest. and gates has been pushing for a financial transaction tax, which would be a tax on him and his dividends and stock sales
hadn't read that about gates and the financial transaction tax. Would be interested to see what that is like. I am hesitant to create a tax on investments that isn't there currently because of the unpredictable nature with which that would affect overall investing. Could raise revenue, but it could also simply offset the revenue lost to a capital gains revenue decrease.
either way, I believe it better to attempt to raise revenue by getting the economy going not by raising tax rates while doing nothing to curb a lagging recessed economy...
that’s right! Can’t we all just get together and focus on our real enemies: monogamous gays and stem cells… - Ned Flanders
It is terrifying when you are too stupid to know who is dumb
- Joe Rogan
All you righties watch too much Glenn Beck and Mike Savage. You had know idea what socialism was until it became a buzz word in 2008. What needs to be done is to bring back taxes back to what they were before GW got a hold of them. What was Bush thinking starting 2 wars and cutting taxes? No country has ever cut taxes during a war let alone 2 wars. Also, healthcare is a human right and should be offered to everybody. Obama pussied out when he extended the Bush tax cuts and he pussied out by not pushing things through when he first got into office. But a flat tax is a terrible idea because even most of the rich people are like tax me I don't give a shit. But it's the stupid Tea Baggers that think they are going to be rich one day "and by golly when I am I do not want Uncle Sam taking my money." Well you dumb ass, you’re not going to be rich so live your simple life, cheer your sports team and shoot some tin cans...... and stop voting against yourself.
BTW Malone, I am not a teacher. I'm a Director of Sales of a hotel.
There is no point in educating some people. I imagine you probably feel the same.
I'm not gonna waste 30 minutes of my life typing out all of the socio-economic reasons I support a flat tax, so that Go Beavers on the Pearl Jam forum might see things differently.
If "payng their fair share" means that "rich people" pay 100% in taxes, so that you and the like-minded can live in a tent on public property and shit on park benches, then I'm happy for you. At least you know what you want in life.
A lesser shit, I could not give...
I was giving you the benefit of the doubt that you were not a "Birther" but after this "ramble"...you Mayday are indeed a Birther.
Ugh.
Somehow, I just know you are a teacher.
Why am I not surprised that you would associate something negative with teacher?
All you righties watch too much Glenn Beck and Mike Savage. You had know idea what socialism was until it became a buzz word in 2008. What needs to be done is to bring back taxes back to what they were before GW got a hold of them. What was Bush thinking starting 2 wars and cutting taxes? No country has ever cut taxes during a war let alone 2 wars. Also, healthcare is a human right and should be offered to everybody. Obama pussied out when he extended the Bush tax cuts and he pussied out by not pushing things through when he first got into office. But a flat tax is a terrible idea because even most of the rich people are like tax me I don't give a shit. But it's the stupid Tea Baggers that think they are going to be rich one day "and by golly when I am I do not want Uncle Sam taking my money." Well you dumb ass, you’re not going to be rich so live your simple life, cheer your sports team and shoot some tin cans...... and stop voting against yourself.
BTW Malone, I am not a teacher. I'm a Director of Sales of a hotel.
Ragging on people for having stereotypes and then closing by making a stereotypical comment about the same group is so stereotypical.
Comments
that doesn't take into account that people who earn more feel it less when taxed compared to people who earn less
Im fluent in sarcasm.
And your last question implies that every brilliant idea in the world has already been tried.
That explains this generation's laziness and apathy. But not the bitching...
Thank you, and yes, i have filed taxes (not sure what you're alluding to in your question, maybe you think it's confusing for everyone?). I guess you understand that a flat tax is a huge tax break for the wealthy and will make the working poor more poor. If you're equal to my genius, then you'll be able to tell me what revenue a flat tax will bring in.[/quote]
Not sure what you were alluding to in your original question, maybe you think anyone who could be for a flat tax HAS to be confused by the by the tax-filing process?
Not sure what you're alluding to in your second question/statement, maybe you think the 51% of Americans who pay NOTHING are being treated unfairly?
Oh wait, now I get it... A flat tax would be awkward for you, when you have to list your address as Zucotti Park on your tax forms.
Save the 1% jive for another turkey, man... I work for a living.[/quote]
For MayDayMalone
Oh your one of those guys who works for a living. I work for a living as well and the flat tax is not a good idea..at all. Do your research. A Flat Tax forces a choice between higher deficits or an increased burden for the middle class. There that sums it up for you. Look another guy with a job made it easier for you.[/quote]
Workin' man, huh? So what grade do you teach?
The "choice between higher deficits or an increased burden for the middle class" is the logical outcome to an individulal, such as yourself, suffering from the mental disorder that prevents the idea of CUTTING SPENDING from entering your brain.
This disorder is known as Liberalism, and impacts millions annually. It seems to most aggresively affect teenagers, minorities, Californians, New Englanders, teachers, and retired Jewish communities in Florida.
(College-educated white women have shown great improvement in overcoming this disease over the last three years, however.)
Symptoms include: confusion, emotional outbursts, laziness or lack of ambition, and an increased sense of entitlement.
Current treatments include: living at home w/ parents, applying for federal assistance, sleeping in the park, shitting on the sidewalk, and demanding the government make Life be "more fair".
Don't worry though, most of these people will leave you alone if you just give them a little change.
(get it? a little "change"?)
Ugh.
Somehow, I just know you are a teacher.
you have still yet to come up with any reasons for why a flat tax would actually work?
maths clearly isn't your strong point
That is the best one yet...
Its not my job to educate you, and what's more, you don't want to hear it anyways.
If you work for a living, make money, and pay taxes, then you understand how much is stolen and wasted by this corrupt gov't.
If you don't, then you don't. Get it?
However, I'd rather people who can afford it get fucked than those who can't afford it.
so why are buffet, gates, and bloomberg all advocating higher taxes on themselves when they would be much better off under a flat tax system, It's because they know it makes no sense
0% for those that make under 1000000
20% for those that make over
national sales tax of 0.25% that can only be used to pay down the national debt and only increased with a national referendum.
balanced budget amendment (with exception for national disaster emergencies and defense spending if American soil is attacked)
only deduction you can have is mortgage interest on primary residence and charitable giving.
sound fair to everyone?
the numbers could be adjusted a little bit I suppose, but something like this would make me happy. I like to think that it would give the feds less money and hold them to what is important, and that is spending less money and that seems like a win for me.
ultimately I like a flat tax, but definitely understand that some think it creates an unfair taxation system.
but this seems like a system that gives an income tax decrease for all and a consumption tax that may make people think twice before spending every cent they have on stuff they don't need.
I don't know. anyone like this idea?
It is terrifying when you are too stupid to know who is dumb
- Joe Rogan
thats all well and good but how much revenue would be generated
i am a liberal and i am none of those things and i have done none of those things..
"Well, you tell him that I don't talk to suckas."
actually they are in favor of higher income tax rates, of which they all take very small amounts of "salary" that is taxed at an income tax rate. So effectively they are for raising taxes on other people more than themselves. There is an easy way for people like Warren and Bill to raise their own taxes...it is called over paying. and no one will stop them from paying more in taxes. Also, Warren could simply take a larger salary as opposed to being paid in dividends and stock sales (capital gains)...Captial gains tax rates are tricky and like income taxes raising them doesn't mean automatically that revenue will be raised.
They are in favor of higher tax revenue because they understand what the deficit does to their dollars. It makes them worth less. And they also are smart enough to realize that relying on a system that would require the government to spend less probably isn't a good bet. I cannot speak for them but I would be surprised if they would be saying raise taxes in an environment where the deficit wasn't in the trillions. every god damn year.
It is terrifying when you are too stupid to know who is dumb
- Joe Rogan
yes but we are in an environment where the deficit is in the trillions, if we weren't i would be all for lower taxes, and yes there should be cuts in expenditure too, but cutting trillions in expenditure alone isn't feasable either, tough decisions have to be made and now is the time to put the national interest ahead of self interest. and gates has been pushing for a financial transaction tax, which would be a tax on him and his dividends and stock sales
How about nobody gets fucked? B/c who is going to decide who it is that gets fucked? You? Me?
A President? Some politician?
Then what?
It a dangerous precedent...
Not a bad start.
What would Capital Gains taxes be?
Howabout we cut by cutting defense spending and corporate subsidies.
considering the hierarchical nature of capitalism, why not??? i dont see why the person who makes his billions from the raping of a countrys natural resources shouldnt give back more (via tax) to society than a check out chick. i imagine 15% of their earnings is more negligible than 15% of hers. or how about those bank CEOs who recieve multi million dollar golden handshakes.. for doing what exactly????
take a good look
this could be the day
hold my hand
lie beside me
i just need to say
So report my funny sarcastic post, you pussy...
Or lighten up and take a toke.
well thats debatable
This issue continues to be fought based on liberal / conservative view-points.
I agree that cutting trillions by cutting expenditures isn't feasible. But cutting trillions by raising taxes isn't feasible either. And to trust a group of individuals who are known for being liars with a plan to somehow balance the budget by 2022 is not feasible either.
We should be united in demanding that congress presents a budget plan before giving them more money. Instead, the politicians have distracted us by turning us against each other.
You lost me. I have no idea what cutting the military and corporate blah, blah, has to do with the merits of a flat tax in the context of this discussion...
Why don't you cut your "soft" country's military budget? Since you said your country has never experienced a terorist attack, sounds like you don't need a military...
because you've probably got the UN (USA), or NATO (USA) or just the USA military to protect you.
income tax wise, probably less than the 900 billion or so they get through income tax now, but not by that much. numbers get a little fuzzy but my guess would be based on a 750,000 in salary for every millionaire we have (which isn't exactly right but probably takes into account the differences in salary from the lowest to the highest but is more than likely a gross under representation of the amount) is about 465 billion. about half of what they get now(but like I said it is probably an under representation). Probably a good amount if there is a balanced budget amendment.
based on national sales data I would say roughly 10 billion would be raised through the national sales tax which go to the national debt only, not a great amount, but could help pay down the principle considering the interest payments would still be made through the normal budget as they are now.
It is theory only, but I would say the national sales tax may raise more revenue than that based on people who spend it quickly would have more money. We also may see an increase in revenue above the 465 billion based on my quick preliminary numbers. either way, it would be less than they get now which would be fine considering there would be a balanced budget every year. also to clarify, millionaire status would be based on total wealth not total income.
who knows exactly what would happen, but those are some rough numbers if you were really that interested
It is terrifying when you are too stupid to know who is dumb
- Joe Rogan
same as they are now. possibly another lower tier added in if the investment is owned for longer than 10 years
It is terrifying when you are too stupid to know who is dumb
- Joe Rogan
hadn't read that about gates and the financial transaction tax. Would be interested to see what that is like. I am hesitant to create a tax on investments that isn't there currently because of the unpredictable nature with which that would affect overall investing. Could raise revenue, but it could also simply offset the revenue lost to a capital gains revenue decrease.
either way, I believe it better to attempt to raise revenue by getting the economy going not by raising tax rates while doing nothing to curb a lagging recessed economy...
It is terrifying when you are too stupid to know who is dumb
- Joe Rogan
i'm a pussy? how about sticking to the topic instead of namecalling?
"Well, you tell him that I don't talk to suckas."
BTW Malone, I am not a teacher. I'm a Director of Sales of a hotel.
Why am I not surprised that you would associate something negative with teacher?