Ron the republicans cut their noses of to spite their faces.
I do not know one person making 40,000 a year that doesn't have taxes, SS and Medicare taken out of his or her check. They like to play the numbers game. Let's say that all people making forty thousand don't pay. Just because this changes the number that Obama uses from 95% let's say 60% what difference does it realy make? Most on this board probably fall in the 60% category yet they don't want that tax cut because they want to change the abortion laws. Now the republicans have been in charge for years and nothing has been accomplished reversing Roe V Wade. They know deep down that it will never happen but vote to cut their nose of any way.
Light, I oppose the Obama tax plan because it punishes success and rewards mediocrity.
NOT because it offers me a tax break.
But the thing about Obama's tax plan that is bothersome isnt just the tax plan itself. with Obama you cannot seperate the tax plan from the spending plan!
Obama proposes somewhere between 800 Billion to 1.4 Trillion in new spending, but his tax plan can only raise an additional 136 Billion dollars.
Light, I aint too bright but I got thru 3rd grade math alright, and my third grade math teacher would say that dont add up.
Then when you consider the huge new tax burden he proposes for "big" business, it becomes a real problem.
Just taking those numbers. when you consider the impact on inflation for the things I buy due to expanded taxes on "big business" it more than off sets the tax break I will get.
Think about it my brother, Neither of us purchace much of anything from "Small Business".
Our clothes, food, fun, cars, gas, electricity all come from "Big" business. Barak Obama is going to raise their taxes by huge amounts.
But they dont pay taxes. YOU and I do! If Barak Obama raises taxes on big businesses, you and I will foot that bill.
__________________ If I do something stupid blame the Lortab!
hey bro, I feel your pain. it stinks for sure. but when the electorate votes themsleves more benifits than their government can pay for, at the end of the day, the electorate pays for it.
Canada, in the last 15 years has had a balanced budget, in the last 10 of those 15 years the Government both Liberal & Conservatives have had surpluses in thier budgets.
15 years ago, the Government decided on getting the total budget deficits which was around 500 Billion and climbing, decided to reduce it (sound Republican?) & in the last 10 years have paid off almost 100 Billion in debt!!!
Does that sound socialistic to you?
I do know that there are Tax loopholes & breaks for the rich.
We just want them to pay thier fair share & relieve the burden on us working stiffs!
First of all the only person who's ever claimed I'm libertarian is you. Really, Ferd clue in man. I'm an Indepedent who doesn't support John McCain because of Iraq and doesn't support Barack Obama because he's entirely too liberal for me. I'm voting Bob Barr because he's right on Iraq and isn't a left wing liberal. I'll spell it out for ya buddy, I-N-D-E-P-E-N-D-E-N-T. I know that's hard for partisan people like yourself to come to grips with, but that's my position.
I don't understand why the 70% portion is such a sticking point with you. Obviously, even if the ultra wealthy were brought down to the middle class rate of 25%, they'd still be paying a huge percentage more of the total tax burden as whole.
Are you proposing that we lessen the wealthy's tax rate to under 25% so proportionally, they'll be paying the same amount of total taxes paid as the middle class is? 50%/50% or what? Would that make you sleep easier?
You are voting Bob Barr and he is far to my right on tax policy... thus my inferance.
Go back and read what I said. We have a progressive tax system and I am fine with that...
the 70% mark isnt a sticking point. It is a fact.
the POINT is where do we draw that line? you dont seem to have an answer for that. Certainly those who gain the most benifit from America will pay the greater %. I have never said otherwise.
All I was doing was pointing out to Ron that the middle class doesnt have the majority of the American tax burden.
but now that youve asked and Ive answerd, care to answer my question? what % should the top 10% pay? what would be equitable?
__________________ If I do something stupid blame the Lortab!
Canada, in the last 15 years has had a balanced budget, in the last 10 of those 15 years the Government both Liberal & Conservatives have had surpluses in thier budgets.
15 years ago, the Government decided on getting the total budget deficits which was around 500 Billion and climbing, decided to reduce it (sound Republican?) & in the last 10 years have paid off almost 100 Billion in debt!!!
Does that sound socialistic to you?
I do know that there are Tax loopholes & breaks for the rich.
We just want them to pay thier fair share & relieve the burden on us working stiffs!
that is wonderful! I wish we had more liberals and conservatives in America with that kind of dedication! Evidently we are short by quite a bit. (which really stinks) both sides of the coin here have gone off the spending rocker.
Tax policy is only half the story. The other half is spending. Its great that you guys seem to have a handle on that. I wish we were.
__________________ If I do something stupid blame the Lortab!
Light, I oppose the Obama tax plan because it punishes success and rewards mediocrity.
NOT because it offers me a tax break.
But the thing about Obama's tax plan that is bothersome isnt just the tax plan itself. with Obama you cannot seperate the tax plan from the spending plan!
Obama proposes somewhere between 800 Billion to 1.4 Trillion in new spending, but his tax plan can only raise an additional 136 Billion dollars.
Light, I aint too bright but I got thru 3rd grade math alright, and my third grade math teacher would say that dont add up.
Then when you consider the huge new tax burden he proposes for "big" business, it becomes a real problem.
Just taking those numbers. when you consider the impact on inflation for the things I buy due to expanded taxes on "big business" it more than off sets the tax break I will get.
Think about it my brother, Neither of us purchace much of anything from "Small Business".
Our clothes, food, fun, cars, gas, electricity all come from "Big" business. Barak Obama is going to raise their taxes by huge amounts.
But they dont pay taxes. YOU and I do! If Barak Obama raises taxes on big businesses, you and I will foot that bill.
That's what scares me.
__________________
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. ~
You are voting Bob Barr and he is far to my right on tax policy... thus my inferance.
Go back and read what I said. We have a progressive tax system and I am fine with that...
the 70% mark isnt a sticking point. It is a fact.
the POINT is where do we draw that line? you dont seem to have an answer for that. Certainly those who gain the most benifit from America will pay the greater %. I have never said otherwise.
All I was doing was pointing out to Ron that the middle class doesnt have the majority of the American tax burden.
but now that youve asked and Ive answerd, care to answer my question? what % should the top 10% pay? what would be equitable?
That's highly subjective which I think is your point. Who knows exactly what is equitable? What's the formula for that? Do you have a percentage in mind?
I don't see a huge problem with the 10% difference in the middle class and the ultra wealthy as it is. One thing's for certain, if we're ever going to pay off our $9 trillion dollar debt I don't forsee any drastic decreases in anyone's tax rate.
__________________
In essentials, unity. In non-essentials, liberty. In all things, charity. Augustine
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'm in total agreement! Fair taxes.....a novel concept.
Ferd has the percentages on target re current taxation. Yes many wealthy have tax breaks but by and large they do pay a hefty % in taxes.
Most European and Scandanavian countries pay much higher taxes.It's part of the civilized world.
Why did we dump that tea ??
__________________
"Le sens commun n'est pas si commun."
(Common sense is not so common.)
Voltaire
Common sense is genius dressed in working clothes.
Ralph Waldo Emerson
Common sense and a sense of humor are the same thing, moving at different speeds. A sense of humor is just common sense, dancing.
William James
That's highly subjective which I think is your point. Who knows exactly what is equitable? What's the formula for that? Do you have a percentage in mind?
I don't see a huge problem with the 10% difference in the middle class and the ultra wealthy as it is. One thing's for certain, if we're ever going to pay off our $9 trillion dollar debt I don't forsee any drastic decreases in anyone's tax rate.
Looks like we arent too far from each other on this.
a flat tax is kind of nice I suppose but I see lots of problems with that too.
I dont have a problem with a progressive system. I kind of like the levels under GWB.
I do have a problem with the notion that some tax credits are "refundable" meaning if you dont pay any taxes at all, you can get a check from the IRS.
that happens right now. I dont like those, and I certainly dont like the new ones being proposed.
We do have to do something drastic about spending because that is out of hand.
__________________ If I do something stupid blame the Lortab!
Looks like we arent too far from each other on this.
a flat tax is kind of nice I suppose but I see lots of problems with that too.
I dont have a problem with a progressive system. I kind of like the levels under GWB.
I do have a problem with the notion that some tax credits are "refundable" meaning if you dont pay any taxes at all, you can get a check from the IRS.
that happens right now. I dont like those, and I certainly dont like the new ones being proposed.
We do have to do something drastic about spending because that is out of hand.
I agree on GWB's tax levels being fairly decent, IMO. I think it would be a huge mistake if BO is elected for him to raise anyone's tax levels right now. The state of our economy doesn't afford that opportunity and it'll be a very bad decision that I hope someone on his team changes.
I also completely agree on "refundables". Common sense tells us that if you don't pay anything in to the system you shouldn't be entitled to a "refund" of any type. That's basic math, IMO. That goes for the current ones and the proposed ones.
I couldn't agree more on spending. I hope that starts in the form of Iraq in about 18 months. Of course, it goes much deeper than that and should extend into every department and all of the pork. It's the responsible and right thing to do.
__________________
In essentials, unity. In non-essentials, liberty. In all things, charity. Augustine
You are voting Bob Barr and he is far to my right on tax policy... thus my inferance.
Go back and read what I said. We have a progressive tax system and I am fine with that...
the 70% mark isnt a sticking point. It is a fact.
the POINT is where do we draw that line? you dont seem to have an answer for that. Certainly those who gain the most benifit from America will pay the greater %. I have never said otherwise.
All I was doing was pointing out to Ron that the middle class doesnt have the majority of the American tax burden.
but now that youve asked and Ive answerd, care to answer my question? what % should the top 10% pay? what would be equitable?
A vote for Bob Barr is a vote for Obama, we must vote for the best choice that has a possibility of winning.
__________________ For it is written, "As I live, says the Lord every knee shall bow to me, and every tongue shall give praise to God. (Romans 14:11- NASB)
Re: Redistribution of wealth
Linear Mode
