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Old 09-14-2008, 03:03 PM
rustymeadows_esq rustymeadows_esq is offline
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Default Lets use taxation to make income levels fair

Lets see. . . You may work eighty or so hours a week to make your nice income but that isn't quite "fair".

Now if we just take three quarters you will only make ten dollars a week more than a welfare recipient.

Yep, that is fair!!!

Who says what we should make if we work harder and longer and study four to six years for a degree?

Ooooops, let's call it the Barry Fairie Tax.

Rusty
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Old 09-14-2008, 03:04 PM
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How about we make everyone on welfare get off their butts and find a job?
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Old 09-14-2008, 03:09 PM
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Default I agree!

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Originally Posted by Makedde View Post
How about we make everyone on welfare get off their butts and find a job?
In cases of disability make sure they have a livable income.

Another point I concede to dems is that there should be a minimum wage of at least ten or so dollars an hour.

In the early seventies I worked minimum. Had a decent car, apartment for my wife and daughter, good food to eat and enough to build farther into life with studies as I went along.

One more concession. CEO salaries are outrageous. To take our jobs so they get bonuses for cutting expenses should be criminal.

I am not heartless, nor all pub. But I do not support income redistribution on what someone else might call fair.

Rusty
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Old 09-14-2008, 03:10 PM
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How about we make everyone on welfare get off their butts and find a job?
Not that you vote here but you've been supporting the people who like to keep pet idiots on welfare.
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Old 09-14-2008, 03:12 PM
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Not that you vote here but you've been supporting the people who like to keep pet idiots on welfare.
Idiots are better off on welfare than in the workforce. They'd probably kill themselves or someone else.
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Old 09-14-2008, 03:13 PM
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Originally Posted by Makedde View Post
Idiots are better off on welfare than in the workforce. They'd probably kill themselves or someone else.
Well make up your mind then, should they get off their butts or stay on welfare?
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Old 09-14-2008, 03:20 PM
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I think that is the reason for the movement to see higher taxes on the top 1% of income earners. They mostly cover those extreme CEO salaries.

Quite frankly, I would be happier with a more basic tiered tax system, fewer credits, and far far fewer loopholes.

Those below the poverty level should pay the least percentage of income, but due to their high population margin, it balances.

If they took away most of the credits, and loopholes, then the overall tax rates for everyone would be lower in general.

I think the best tax method would be a federal sales tax, rather than an income tax.

It would eliminate the mess that is the IRS for most part of americans. It's easier to track, and manage just the business community, versus all 350 million americans. Less overall paperwork would be filed, meaning the IRS would be smaller, and more efficient. It would actually be easier for businesses to operate, since they would no longer need to register all employees with the IRS, manage withholding money for income taxes... etc...

I'd even say go as far as switch Social Security to a Sales Tax method as well.

It makes alot more sense than trying to track every employee in the country.
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Old 09-14-2008, 03:54 PM
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Quote:
Originally Posted by Trumanp View Post
I think that is the reason for the movement to see higher taxes on the top 1% of income earners. They mostly cover those extreme CEO salaries.

Quite frankly, I would be happier with a more basic tiered tax system, fewer credits, and far far fewer loopholes.
So far I agree 100%. Taxes should not be unfair to anyone, rich or poor.
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Originally Posted by Trumanp View Post
Those below the poverty level should pay the least percentage of income, but due to their high population margin, it balances.

If they took away most of the credits, and loopholes, then the overall tax rates for everyone would be lower in general.
Still with you sort of. Not sure what you meant about the poor people, but I doubt it matters
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Originally Posted by Trumanp View Post
I think the best tax method would be a federal sales tax, rather than an income tax.

It would eliminate the mess that is the IRS for most part of americans. It's easier to track, and manage just the business community, versus all 350 million americans. Less overall paperwork would be filed, meaning the IRS would be smaller, and more efficient. It would actually be easier for businesses to operate, since they would no longer need to register all employees with the IRS, manage withholding money for income taxes... etc...
In theory, I agree with this too. But so far I have not read a plan that is 100% fair. Most are still skewed towards the rich. Me in the middle class spend almost all of my income every year on things that would be taxed. So almost all of my income would be taxed.

Whereas if I were rich I most likely would not spend all of my income every year, maybe only a small fraction. While I might buy more expensive things I would still have tons of income that would be, for the most part, tax free. Hence the rich would pay less taxes per dollar earned then the middle class.

I am sure there is a way to correct this to a point where it would be fairer than the system we have now. At least the rich and corporations will actually pay income taxes then.
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Originally Posted by Trumanp View Post
I'd even say go as far as switch Social Security to a Sales Tax method as well.

It makes alot more sense than trying to track every employee in the country.
I think that there has got to be a better system than the complex, easily avoided (if your rich), ever changing system we have now.
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Old 09-14-2008, 04:09 PM
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Quote:
Originally Posted by Trumanp View Post
I think that is the reason for the movement to see higher taxes on the top 1% of income earners. They mostly cover those extreme CEO salaries.

Quite frankly, I would be happier with a more basic tiered tax system, fewer credits, and far far fewer loopholes.

Those below the poverty level should pay the least percentage of income, but due to their high population margin, it balances.

If they took away most of the credits, and loopholes, then the overall tax rates for everyone would be lower in general.

I think the best tax method would be a federal sales tax, rather than an income tax.

It would eliminate the mess that is the IRS for most part of americans. It's easier to track, and manage just the business community, versus all 350 million americans. Less overall paperwork would be filed, meaning the IRS would be smaller, and more efficient. It would actually be easier for businesses to operate, since they would no longer need to register all employees with the IRS, manage withholding money for income taxes... etc...

I'd even say go as far as switch Social Security to a Sales Tax method as well.

It makes alot more sense than trying to track every employee in the country.
There are a couple of problems with sales taxes.

One is that they are inherently regressive. There's a big difference between a person making $30K a year paying a 25% (or more) federal sales tax on a pair of jeans for their kid to wear to school, and someone that makes $300K a year paying the exact same tax for the exact same pair of jeans.

The other is that they are directly and inextricably intertwined with the performance of the economy. As we are currently seeing, when the economy slows spending slows. When spending slows, tax receipts go down. Tennessee relies on a state sales tax, no income tax. School systems and municipalities are currently scrambling to make up the huge shortfalls being experienced in their budgets this year due to the contraction of spending. Some school systems are talking about completely eliminating all extra-curricular activities - all sports, all music programs, all clubs, etc., in addition to stopping all bussing. Teacher positions are being cut. The folks that deserve it most - the firefighters, emt's, and law enforcement officers - are being told statewide that they aren't even going to get a cost-of-living raise this year. The money just isn't there. So it isn't really prudent to tie your entire budget to the whims and vagaries of the economy.
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Old 09-14-2008, 04:19 PM
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Quote:
Originally Posted by prrriiide View Post
There are a couple of problems with sales taxes.

One is that they are inherently regressive. There's a big difference between a person making $30K a year paying a 25% (or more) federal sales tax on a pair of jeans for their kid to wear to school, and someone that makes $300K a year paying the exact same tax for the exact same pair of jeans.

The other is that they are directly and inextricably intertwined with the performance of the economy. As we are currently seeing, when the economy slows spending slows. When spending slows, tax receipts go down. Tennessee relies on a state sales tax, no income tax. School systems and municipalities are currently scrambling to make up the huge shortfalls being experienced in their budgets this year due to the contraction of spending. Some school systems are talking about completely eliminating all extra-curricular activities - all sports, all music programs, all clubs, etc., in addition to stopping all bussing. Teacher positions are being cut. The folks that deserve it most - the firefighters, emt's, and law enforcement officers - are being told statewide that they aren't even going to get a cost-of-living raise this year. The money just isn't there. So it isn't really prudent to tie your entire budget to the whims and vagaries of the economy.
Boo-Hoo then they shouldn't tie their paychecks to the economy like they have for the last 30 years. They don't produce anything so they are not part tof the economy in the private sector realm, they should stop playing make believe that they hold the same value, they don't.

Then getting tax advice from someone who pays no taxes is as good as it gets.
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