1876 replies to this topic

[catsi563]

I disagree.

The tax cuts for the rich? I detest that line because it ignores both mathematics and economics.

I have a lengthy response to this, but lack the time to write at the moment. I'll try to do it later this week, if I have enough time. So, before you respond, give me a chance to elaborate on what I mean.

No it doesnt. back in the 80s if i recall correctly those with incomes in the top percentals were paying a 50% tax rate, bush cut that down to 35% and proprosed additional tax cuts that only affected the top 1% of earners.

hell under nixon the rate was 70% and under eisenhower the rate was nearly 90%. taxes for the rich have been dropped and dropped.

and while I grant that the top 5 percent do pay a decent chunk of the taxes they are the ones with the income to do so.

Ive been a proponent of a flat tax rate for everyone that scales up with income to a neat 45% for the those who make 1 million dollars or more a year and thats me being generous.

[Strangelove]

A flat tax makes sense, but that means everyone has to pay 45% of their income. My problem with progressive tax rates is that it discourages businesses from flourishing, and instead they move their HQ elsewhere, to places like China, India, or Russia. I think the tax rate for the federal govt should be a flat 10% for those making $40,000 or more a year. Below $40,000 there should be no taxes. Let the state decide whether they want a progressive tax system, or a flat tax. This way there isn't this silly conflict. Also the Federal govt should only focus on defense spending. [CIA, FBI, Military] and let the states decide what to pay they're elected officials [congressmen, senators, judges etc] this way you can root out the corrupt.

Edited by Strangelove, 20 July 2010 - 12:32 AM.

[Nate River]

No it doesnt. back in the 80s if i recall correctly those with incomes in the top percentals were paying a 50% tax rate, bush cut that down to 35% and proprosed additional tax cuts that only affected the top 1% of earners.

hell under nixon the rate was 70% and under eisenhower the rate was nearly 90%. taxes for the rich have been dropped and dropped.

and while I grant that the top 5 percent do pay a decent chunk of the taxes they are the ones with the income to do so.

Ive been a proponent of a flat tax rate for everyone that scales up with income to a neat 45% for the those who make 1 million dollars or more a year and thats me being generous.

I still don't have time to do the response I want, but I do have a question. When you say flat tax, do you mean the elimination of deduction and credits? That your rate is say 45% and that's what you pay end of story?

What you describe is not a true flax tax. It's still a progressive tax system (as is what we have now). A true flax tax is that everyone pays the same rate.

[catsi563]

more like a flat rate sliding ever so slightly between income brackets and going no higher then 40% for the top 5% income.

retain the option for deductions and credits for families and such.

And give tax breaks for business's that remain in country as well as even more breaks for those who hire americans. Give even better tax breaks for those who create jobs or bring jobs back.

to be honest right now the entire tax system should be thrown on a fire and gas poured on it. Its as broken as it could possibley be. The IRS is a bureaucratic nightmare and needs to be gutted and rebuilt from the ground up.

[Nate River]

And give tax breaks for business's that remain in country as well as even more breaks for those who hire americans. Give even better tax breaks for those who create jobs or bring jobs back.

to be honest right now the entire tax system should be thrown on a fire and gas poured on it. Its as broken as it could possibley be. The IRS is a bureaucratic nightmare and needs to be gutted and rebuilt from the ground up.

Don't disagree with setting it on fire, but as long as tax law is used a mode of social engineering the it was always be a mess. And to add a degree a difficulty, you have to add state and local taxes.

I'm not sure I agree with your propose replacement, but I'm not completely sold an any particular replacement at the moment. I generally support a true flat tax, but I'm open to suggestions if I hear something I like.

I also favor a complete junking of the immigration code and rewriting the thing from scratch. It like the tax code, is a omplete mess. I've had to read that thing.

[Strangelove]

more like a flat rate sliding ever so slightly between income brackets and going no higher then 40% for the top 5% income.

retain the option for deductions and credits for families and such.

And give tax breaks for business's that remain in country as well as even more breaks for those who hire americans. Give even better tax breaks for those who create jobs or bring jobs back.

to be honest right now the entire tax system should be thrown on a fire and gas poured on it. Its as broken as it could possibley be. The IRS is a bureaucratic nightmare and needs to be gutted and rebuilt from the ground up.

Yeah i agree the IRS is rotten to the core, but the problem with creating American jobs is that Americans demand too much on their paycheck, while in places like India the wages are low thus more attracting, not to mention they're populations are huge, and their regulations are low. But American benefit from that, because Americans receive cheaper goods that are exported from those nations, why do you think everything is Made in China, or India.

[Insurrection]

Yeah i agree the IRS is rotten to the core, but the problem with creating American jobs is that Americans demand too much on their paycheck, while in places like India the wages are low thus more attracting, not to mention they're populations are huge, and their regulations are low. But American benefit from that, because Americans receive cheaper goods that are exported from those nations, why do you think everything is Made in China, or India.

You know the whole tech support deal is passe in India now right? Tech Support people were paid less money to work here then in India. Just thought I'd throw that out there.

Also you forgot Taiwan.

*sigh*


So, Anyone else hear about Glenn Beck going blind?

Edited by Insurrection, 20 July 2010 - 07:40 AM.

[Cloud]

You know the whole tech support deal is passe in India now right? Tech Support people were paid less money to work here then in India. Just thought I'd throw that out there.

Also you forgot Taiwan.

*sigh*


So, Anyone else hear about Glenn Beck going blind?

*Is Taiwanese*

Even 90% of Taiwanese goods are made in China now. And stuff I usually see around that were generally made in my country when I was a kid... made in China. There's been some government support funding to keep stuff MIT (Made in Taiwan).

Hey, all the electronic parts in the world are pretty much exported from Taiwan. LED TVs, laptops, PS3s, etc. My country doesn't make inferior goods. (At least to me, they don't. And I've been using Taiwanese made stuff pretty much since I was born)

Now Chinese goods, that's a whole different story.

Wait... Glenn Beck going blind? I'd like to say I'm surprised... but that's karma right there.

Edited by Cloud, 20 July 2010 - 12:01 PM.

[Strangelove]

I was just making an example.

Glenn who?

[Sakura Blossoms]

Wait... Glenn Beck going blind? I'd like to say I'm surprised... but that's karma right there.

Ya know...I was thinking the same thing >.>

Glenn who?

*blinks* Are you...serious?


~~~

BIG VOTE SHOWDOWN ON UNEMPLOYMENT BENEFITS:

http://news.yahoo.co...nefits-20966036

Republicans better vote to pass it. This nonsense is affecting me *personally*. My roommate *needs* to have money to help bring in.

[Gravenimage]

Obama is demanding that the Republicans bring back the benefits for unemployment, why do they have to do such thing it makes me wonder?

[Sakura Blossoms]

Obama is demanding that the Republicans bring back the benefits for unemployment, why do they have to do such thing it makes me wonder?

*points to the the page before this one* You can go read for yourself. Or I don't know...ask someone who is about to either lose their home, be evicted, can't feed their family not because they don't want to work, but because there is an average of 7-12 people applying for one job out there now, and unemployment benefits can help keep you off the streets and your family fed.

It's a little thing called Humanity.


Edit - Oh, and here is a little more reason:

http://finance.yahoo...558803.html?x=0

[catsi563]

sheesh Glenn beck. I used to listen to the guys show when he was on CNNs headline news. I didnt always agree with him but i found myself often enough on more common ground with him then not.

Then for some reason he chose to go to fox, and while I grant you his opinions went more along the line of rupert murdocha nd fox news's he still made some reasonable sense.

But post President Obamas election soemthing snapped in the man. He Rush limbaugh, the entire tea party all fo them went bat S**T, compeltely around the bloody blue bend, crazy. they've gone so far off the right wing they arent even on the same plane anymore.

hes become more and more like the crazy guy on the corner ranting about the end of the world with each broadcast. His most recent book "The Overton Window" is a supposedly fictional novel, but in realit its a paranoid call to arms and armed revolution (( no Im not kidding the entire premise of the book is based around the main character being recruited by a rebellion against the US government)).

I might listen to the guy again if he ever pulls his head out of his rectum and returns to the tough but balanced talking points he used to have, instead of the paranoid ravings hes gone off on.

Edited by catsi563, 20 July 2010 - 09:40 PM.

[Insurrection]

http://www.google.co...l2nFlgD9H2VE400

Yeah, that's ironic.

@Cloud

Dude, other China took your jobs? That sucks.

Still lovin' the Gundam though.

Most Congressional(All Senatorial) Republicans are just fools, but Cloture passed, yay!

[Gravenimage]

http://news.yahoo.co...oyment_benefits

What's your opinion on this?

[Insurrection]

If you need to get rid of the incumbents, start with Ben Nelson.

[Nate River]

If you need to get rid of the incumbents, start with Ben Nelson.

He's up in 2012 and there's a good chance he's toast. He constituency if furious with him over his sell-out on ObamaCare. When people refer to the "Cornhusker kickback" that's what they are talking about. I suspect that's why he's joining the Republicans on this. He has a lot of political damage he has to undo with his voters.

[Insurrection]

He's up in 2012 and there's a good chance he's toast. He constituency if furious with him over his sell-out on ObamaCare. When people refer to the "Cornhusker kickback" that's what they are talking about. I suspect that's why he's joining the Republicans on this. He has a lot of political damage he has to undo with his voters.

While I'll agree on the reasoning why conservatives are mad at him, it's moderates and his own party that he has a bigger worry, simply put with the way he blocked unemployment, and Kickbacks that are in everything, Ben, nobody likes you. Go away.

[Cloud]

@Cloud

Dude, other China took your jobs? That sucks.

Even the Taiwanese companies want cheap labor now. =/

[Nate River]

While I'll agree on the reasoning why conservatives are mad at him, it's moderates and his own party that he has a bigger worry, simply put with the way he blocked unemployment, and Kickbacks that are in everything, Ben, nobody likes you. Go away.

It wasn't a true kickback. It and the "Louisiana Purchase" (Mary Landriue) involved those Senators initially saying the were going to vote against the bill and then changed that vote when their state received certain exemptions under ObamaCare or massive pork (or both). Ben Nelson was the final vote needed for ObamaCare to pass in the Senate. Coming from a red state that did not want ObamaCare to begin with and to watch their Senator do that....his voters were pissed.

I'm not certain this is why he is doing it, but I bet it is part of the reason for his position.