This is one of the reasons I'm in favor of a flat tax. The percentage should be the same, no matter the income, in my opinion - and there should be NO tax breaks for the rich!
__________________ "Many people view their relationship with God like a "color by number" picture. It's easier to let someone else define the boundaries, tell them which blanks to fill in, and what color to use than it is for them to take a blank canvas and seek inspiration from the Source in order to paint their own masterpiece"
This is one of the reasons I'm in favor of a flat tax. The percentage should be the same, no matter the income, in my opinion - and there should be NO tax breaks for the rich!
AMEN!
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Those who say it cannot be done should not interrupt the people doing it. ~Chinese Proverb
When I was young and clever, I wanted to change the world. Now that I am older and wiser, I strive to change myself. ~
This is one of the reasons I'm in favor of a flat tax. The percentage should be the same, no matter the income, in my opinion - and there should be NO tax breaks for the rich!
I was just going to say that!
The tax loop holes would have to be reformed too, but I believe it would be a good fix!
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Master of Science in Applied Disgruntled Religious Theorist Wrangling
PhD in Petulant Tantrum Quelling
Dean of the School of Hard Knocks
I see it as people paying their fair share of Taxes!
In Canada, as it is in the States, the middle class bears the tax load.
Lower income people get breaks and pay little or no tax.
Upper income people don't pay any or all tax's.
Case in point, we had a former Prime Minister who owns Canadian Steamship lines.
In 2003 I think it was, he made $200 Million, he only ended up paying $300 Hundred Thousand in tax's because of loopholes & because he has those ships under foreign flag.
I however work from Jan until June before I am through paying tax's.
Is that fair?
I want a break in tax's & want the rich to pay their fair share.
Besides, Greed isn't a Christian virtue!
Whether Obama will deliver that remains to be seen!
My friend, currently in America the bottom 37% currently pay no income tax and the top 10% pay 70 percent of the income tax burden.
under Obama, the bottom group will range up to 50% and the top 10% will pay closer to 85% or more.
We don't seem to have the problem you have in Canada. The middle class pay less than 30% of the income tax burden but make up well over 50% of the population.
All that is fine for most of us. A progressive tax system is all we have ever had. We can and do live with it.
The difference is that while we pay now mostly for the function of Government, What Barak Obama proposes is that those who pay taxes not only pay their "fair Share" but in addition, when deemed to have too much money Obama will simply take what ever portion he deems right, and give it to those who have produced virtually nothing.
THAT is what we dislike. THAT is what we call redistribution.
A fair share is a worthy thing to pay, so long as what you are paying for (good governance) is actually what you are paying for... Under Obama, we wont simply be paying for good governance. We will also be paying others to stay home and watch Jerry Springer!
__________________ If I do something stupid blame the Lortab!
I am firmly convinced that the only reason we don't have a flat tax is that it would put a lot of people out of jobs. Think of all the personal tax accountants and preparers that would be unemployed, along with hundreds, possibly thousands of IRS employees!
__________________ "Many people view their relationship with God like a "color by number" picture. It's easier to let someone else define the boundaries, tell them which blanks to fill in, and what color to use than it is for them to take a blank canvas and seek inspiration from the Source in order to paint their own masterpiece"
I am firmly convinced that the only reason we don't have a flat tax is that it would put a lot of people out of jobs. Think of all the personal tax accountants and preparers that would be unemployed, along with hundreds, possibly thousands of IRS employees!
So.
Instead we have businesses going down everywhere and people losing their jobs because of the HIGH taxes.
The only difference would be government protecting government employees.
__________________
Master of Science in Applied Disgruntled Religious Theorist Wrangling
PhD in Petulant Tantrum Quelling
Dean of the School of Hard Knocks
This is one of the reasons I'm in favor of a flat tax. The percentage should be the same, no matter the income, in my opinion - and there should be NO tax breaks for the rich!
Quote:
Originally Posted by Michael Phelps
I am firmly convinced that the only reason we don't have a flat tax is that it would put a lot of people out of jobs. Think of all the personal tax accountants and preparers that would be unemployed, along with hundreds, possibly thousands of IRS employees!
Count me in on the flat tax plan as well. It's an actual fair way of implementing an income tax. Imagine that!!
No lower income folks shirking their responsibility and no wealthy folks finding all of their favorite loopholes to shirk their's. What a concept!
__________________
In essentials, unity. In non-essentials, liberty. In all things, charity. Augustine
My friend, currently in America the bottom 37% currently pay no income tax and the top 10% pay 70 percent of the income tax burden.
under Obama, the bottom group will range up to 50% and the top 10% will pay closer to 85% or more.
We don't seem to have the problem you have in Canada. The middle class pay less than 30% of the income tax burden but make up well over 50% of the population.
All that is fine for most of us. A progressive tax system is all we have ever had. We can and do live with it.
The difference is that while we pay now mostly for the function of Government, What Barak Obama proposes is that those who pay taxes not only pay their "fair Share" but in addition, when deemed to have too much money Obama will simply take what ever portion he deems right, and give it to those who have produced virtually nothing.
THAT is what we dislike. THAT is what we call redistribution.
A fair share is a worthy thing to pay, so long as what you are paying for (good governance) is actually what you are paying for... Under Obama, we wont simply be paying for good governance. We will also be paying others to stay home and watch Jerry Springer!
On the flip side, those CEOs who make 11 million a year haven't earned it, the little guys who are getting paid 8 bucks an hour did!
__________________
Those who say it cannot be done should not interrupt the people doing it. ~Chinese Proverb
When I was young and clever, I wanted to change the world. Now that I am older and wiser, I strive to change myself. ~
I didn't say you were for, or against this "Redistribution" I am only saying that I think that people want relief from the heavy burden of tax's.
I believe the middle class is taxed too much & the upper class taxed too little.
I agree, God is good to us & we all have a hope that the world didn't give and the world can't take it away!
God is good!
Ron the average middle class American pays a rate of 25% however, the marginal rate is considerably below that when Child credits, mortagage interest credits, and for many medical costs are factored in.
the average "rich person" in America pays a rate of 36%. Given by and large that their "tax loopholes" are the same as the middle class, the % of their income that qualifies for a loophole srinks and they still pay a marginal rate in excess of 32% on income.
As i already said, the top 10% pay 70% of the American tax burden.
Exactly what % of the the tax burden do you think they should pay?
__________________ If I do something stupid blame the Lortab!
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