Political Forum
     

Go Back   Political Forum > General Political Chat > Political Opinions & Beliefs


Reply
 
Thread Tools Display Modes
  #31 (permalink)  
Old 07-01-2008, 12:24 PM
ABoyNamedSue's Avatar
ABoyNamedSue ABoyNamedSue is offline
Site Moderator
Guru
 
Join Date: Jan 2008
Location: In Republic of the United States of America
Age: 38
Posts: 4,161
fiji de saxony
ABoyNamedSue has a reputation beyond reputeABoyNamedSue has a reputation beyond reputeABoyNamedSue has a reputation beyond reputeABoyNamedSue has a reputation beyond reputeABoyNamedSue has a reputation beyond reputeABoyNamedSue has a reputation beyond reputeABoyNamedSue has a reputation beyond reputeABoyNamedSue has a reputation beyond reputeABoyNamedSue has a reputation beyond reputeABoyNamedSue has a reputation beyond reputeABoyNamedSue has a reputation beyond repute
Credits: 8,343
Default

Quote:
Originally Posted by Decker View Post
Taxation is not rape. Who feels a 10% tax more? A guy earning 20,000 or a guy earning 2,000,000?
It doesn't matter who "feels it" more. It's simply not fair.

Quote:
B/c I pay for that gasoline 2-3 times. I pay at the pump. My tax dollars pay 40 or so billion dollars a year in subsidies to big oil and my tax dollars are being used to fund the Iraq debacle.
So what? You can afford it. STFU and pay your $4.00-a-gallon gas, you evil rich person!

It's so easy for neo-socialists to pile on rich people, and put their hands in those rich pockets, just as long as you never bring up the fact that YOU might be considered "rich" to someone else, and some other socialist might be trying to steal YOUR money.
__________________
"I should be calling collect from jail for the things I commit each night in my head" - D. Mustaine.
Reply With Quote
Sponsored Links
Red Cross - Donate Today    Save the Rainforest
  #32 (permalink)  
Old 07-01-2008, 12:24 PM
JavaBlack's Avatar
JavaBlack JavaBlack is offline
Site Moderator
Guru
 
Join Date: Aug 2005
Location: Michigan
Age: 29
Posts: 17,397
usa us michigan
JavaBlack has a reputation beyond reputeJavaBlack has a reputation beyond reputeJavaBlack has a reputation beyond reputeJavaBlack has a reputation beyond reputeJavaBlack has a reputation beyond reputeJavaBlack has a reputation beyond reputeJavaBlack has a reputation beyond reputeJavaBlack has a reputation beyond reputeJavaBlack has a reputation beyond reputeJavaBlack has a reputation beyond reputeJavaBlack has a reputation beyond repute
Credits: 118,617
Default

Quote:
Originally Posted by hendrixpujols11 View Post
Judging by everything that has been discussed here, I wouldn't think that the average American will ever be able to understand the tax code.
Even if it is simplified... it will be temporary.
Special interests will lobby for loopholes that benefit them.
Loopholes will be created to take certain burdens off of taxpayers and to encourage certain behaviors (ie charitable dedcuctions, mileage deductions).
__________________
That information is classified and to be given only on a need-to-know basis...

And I do not need to know.
Reply With Quote
  #33 (permalink)  
Old 07-01-2008, 12:26 PM
Anikdote's Avatar
Anikdote Anikdote is offline
Guru
 
Join Date: Apr 2008
Location: here
Posts: 4,349
usa us georgia
Anikdote has a reputation beyond reputeAnikdote has a reputation beyond reputeAnikdote has a reputation beyond reputeAnikdote has a reputation beyond reputeAnikdote has a reputation beyond reputeAnikdote has a reputation beyond reputeAnikdote has a reputation beyond reputeAnikdote has a reputation beyond reputeAnikdote has a reputation beyond reputeAnikdote has a reputation beyond reputeAnikdote has a reputation beyond repute
Credits: 18,686
Default

Quote:
Originally Posted by hendrixpujols11 View Post
Judging by everything that has been discussed here, I wouldn't think that the average American will ever be able to understand the tax code.
If we changed to the Fair Tax we could.
__________________

Love Freedom?
Reply With Quote
  #34 (permalink)  
Old 07-01-2008, 12:40 PM
NoSocialism.com's Avatar
NoSocialism.com NoSocialism.com is offline
Sr. Correspondent
 
Join Date: Apr 2008
Location: Delray Beach, FL
Posts: 617
usa us florida
NoSocialism.com is a name known to allNoSocialism.com is a name known to allNoSocialism.com is a name known to allNoSocialism.com is a name known to allNoSocialism.com is a name known to allNoSocialism.com is a name known to all
Credits: 6,284
Send a message via AIM to NoSocialism.com Send a message via MSN to NoSocialism.com Send a message via Yahoo to NoSocialism.com Send a message via Skype™ to NoSocialism.com
Default

Quote:
Originally Posted by Decker View Post
Go back to the 1950s when the top marginal rate was something like 91% on dollars earned over 250,000 or 500,000 (I forget which).

Do you think that people will stop trying to earn those dollars in excess of 250,000 just b/c the tax rate is 91%? NOpe, didn't happen and the 1950s is largely considered the country's golden age.
Do you honestly think that anyone actually paid those rates? Only the stupid or uninformed actually paid out 91% of their income. It was during those days that the Corporations started buying homes, cars, trips, food, every possible expense that their top executives had, they were all paid for by the Corporations, because no one wanted to earn enough to kick them into these super high brackets. This is why these higher taxes NEVER work, because all that people do is find other ways of getting compensated so they don't have to pay the taxes on their income.

During the 70's when the top marginal rate was 75%, the top 1% paid 36% of all Federal Income Taxes.
When Reagan lowered their rates to 50%, and cut out a bunch of tax deductions, the top 1% started paying 33% of all Federal Income Taxes collected, but the ensuing economic Boom more than made up for any tax revenue lost, simply because more people actually had jobs.
When Reagan lowered the rates again to 28%, and cut out the last remaining big loophole (Real Estate Investments), at first revenue fell down to just 27%, because of the ensuing Real Estate Crash, then it went up to a record 36%, while at the same time generating millions of new jobs.

So what's the lesson from all this?
Confiscatory rates at the top don't necessarily mean more money in the Feds Coffers. During these times of "Tax Breaks to the Rich", the bottom 50% continued to see record increases in earnings, while at the same time seeing their share of taxes reduced from a high of 9% during the Carter Years, to the low of 3.07% (as of 2005) that we have today.
Low Taxes for all, really does produce "Supply Side Economic" Benefits, only those who wish to ignore the Data can argue with these facts.
__________________
http://www.nosocialism.com
-----------------------------------------------
America is not a Socialist country, this is why the only democrats who ever win, are democrats who SOUND like Republicans (Hello Bill Clinton - "Low taxes, Free Trade, Welfare Reform, Era of Big Government Over" - Sounds Republican - Hello Barrack Obama - "My Tax Cut is Bigger than yours, Your Health Care Plan is Big Government, Parents need to take responsibility for their kids schooling]").
Reply With Quote
  #35 (permalink)  
Old 07-01-2008, 12:42 PM
[MAGOG]Kruelgor [MAGOG]Kruelgor is offline
Observer
 
Join Date: Jul 2008
Location: Gogarea
Age: 34
Posts: 7
usa
[MAGOG]Kruelgor is on a distinguished road
Default top 1%

Honestly, unless you're in the top 1% of income makers then I don't know why someone would vote Republican.

The way I see it. The only real Republicans are the 1%. The other 99% of Republicans are just puppets who wish they were in the top 1%.
Reply With Quote
  #36 (permalink)  
Old 07-01-2008, 12:44 PM
Anikdote's Avatar
Anikdote Anikdote is offline
Guru
 
Join Date: Apr 2008
Location: here
Posts: 4,349
usa us georgia
Anikdote has a reputation beyond reputeAnikdote has a reputation beyond reputeAnikdote has a reputation beyond reputeAnikdote has a reputation beyond reputeAnikdote has a reputation beyond reputeAnikdote has a reputation beyond reputeAnikdote has a reputation beyond reputeAnikdote has a reputation beyond reputeAnikdote has a reputation beyond reputeAnikdote has a reputation beyond reputeAnikdote has a reputation beyond repute
Credits: 18,686
Default

Moreover, government revenues have remained stagnant even as the marginal rate flucuates, so if raising the marginal rate doesn't mean increased revenues, then what is the point.

__________________

Love Freedom?
Reply With Quote
  #37 (permalink)  
Old 07-01-2008, 12:46 PM
Decker Decker is offline
Correspondent
 
Join Date: Jun 2008
Posts: 265
Decker has a spectacular aura aboutDecker has a spectacular aura about
Credits: 2,381
Default

Quote:
Originally Posted by ABoyNamedSue View Post
It doesn't matter who "feels it" more. It's simply not fair.


So what? You can afford it. STFU and pay your $4.00-a-gallon gas, you evil rich person!

It's so easy for neo-socialists to pile on rich people, and put their hands in those rich pockets, just as long as you never bring up the fact that YOU might be considered "rich" to someone else, and some other socialist might be trying to steal YOUR money.
What do you know about fair? Is it fair to ask a poor person to pay the same rate in taxes as a wealthy person?

Do you have your mom take your barbells up to the attack to earn her keep? Steve Martin did....but that was a comedy bit and you are speaking in earnest.

I'm not sure what to make of your criticism of us socialists.
Reply With Quote
  #38 (permalink)  
Old 07-01-2008, 12:46 PM
Craigers Craigers is offline
Sr. Correspondent
 
Join Date: Apr 2008
Location: Atlanta, GA
Age: 24
Posts: 401
usa us georgia
Craigers is a jewel in the roughCraigers is a jewel in the roughCraigers is a jewel in the roughCraigers is a jewel in the rough
Credits: 2,474
Default

Quote:
Originally Posted by Decker View Post
Taxation is not rape. Who feels a 10% tax more? A guy earning 20,000 or a guy earning 2,000,000?
No but there is something wrong when 12.8% of the adjusted gross income (the bottom 50%) pay only 3.07% of the income taxes and 21.2% of the AGI (top 1%) pays nearly 40% of the income taxes. And then Obama wants to shift another $131 B to the top 1%? How do you justify the inequality?
Reply With Quote
  #39 (permalink)  
Old 07-01-2008, 12:51 PM
raytri's Avatar
raytri raytri is online now
Site Moderator
Guru
 
Join Date: Jun 2004
Location: Minnesota
Age: 41
Posts: 18,562
usa us minnesota
raytri has a reputation beyond reputeraytri has a reputation beyond reputeraytri has a reputation beyond reputeraytri has a reputation beyond reputeraytri has a reputation beyond reputeraytri has a reputation beyond reputeraytri has a reputation beyond reputeraytri has a reputation beyond reputeraytri has a reputation beyond reputeraytri has a reputation beyond reputeraytri has a reputation beyond repute
Credits: 116,005
Default

Quote:
Originally Posted by Anikdote View Post
Moreover, government revenues have remained stagnant even as the marginal rate flucuates, so if raising the marginal rate doesn't mean increased revenues, then what is the point.
Taking on faith that those numbers are accurate:

1. Income taxes are only one part of the government revenue figure. So it's apples-to-oranges to compare income tax rates to total federal revenue.

2. Marginal rates are only one part of the income-tax system. There could be offsetting credits, deductions, allowances, etc.

3. Messing with the marginal rates affects how the tax burden is distributed, even if you set the numbers so that total revenue is unchanged.
__________________
Man up.
Reply With Quote
  #40 (permalink)  
Old 07-01-2008, 12:54 PM
raytri's Avatar
raytri raytri is online now
Site Moderator
Guru
 
Join Date: Jun 2004
Location: Minnesota
Age: 41
Posts: 18,562
usa us minnesota
raytri has a reputation beyond reputeraytri has a reputation beyond reputeraytri has a reputation beyond reputeraytri has a reputation beyond reputeraytri has a reputation beyond reputeraytri has a reputation beyond reputeraytri has a reputation beyond reputeraytri has a reputation beyond reputeraytri has a reputation beyond reputeraytri has a reputation beyond reputeraytri has a reputation beyond repute
Credits: 116,005
Default

Quote:
Originally Posted by Craigers View Post
How do you justify the inequality?
1. Maximum revenue for minimum collective pain -- the wealthy can pay more without it being a hardship. That's why it's practical and humane.

2. Taking the most money from those who most benefit from the system the taxes pay for. The wealthy benefit more than anyone else from the infrastructure, laws and stable society that allow them to earn and accumulate their wealth. They have the most to lose from a breakdown. That's why it's fair.
__________________
Man up.
Reply With Quote
Reply

Bookmarks

Tags
obama economy, obama tax plan, taxes

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off
Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
Green Party has best plan for health care, Obama & Hillary don't PBWinner Health Care 3 06-19-2008 07:34 PM
Barrack Obama Plan for Iraq Troop Withdrawal. robini123 Political Opinions & Beliefs 16 06-09-2008 11:03 AM
Tax (Wealth) Redistribution ckrall Budget & Taxes 123 03-26-2008 03:28 PM
Germany to release detailed holocaust records. stekim Political Opinions & Beliefs 15 04-21-2006 01:25 AM
A DETAILED LOOK AT JR'S GUARD RECORD MUNKO-1970 Elections & Campaigns 9 08-28-2004 11:49 PM

Sponsored Links

All times are GMT -8. The time now is 08:50 PM.


Powered by vBulletin® Version 3.7.1
Copyright ©2000 - 2008, Jelsoft Enterprises Ltd.
LinkBacks Enabled by vBSEO 3.1.0
Template-Modifikationen durch TMS
vBCredits v1.3 ©2007 by Darkwaltz4
Advertisement System V2.1 By   Branden