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Thread: Republicans Say They’re Open to ‘Revenue Raisers’

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    Re: Republicans Say They’re Open to ‘Revenue Raisers’

    Quote Originally Posted by Gargantuan View Post
    Or we could lower all of them and remove all loopholes/deductions completely. That would make things 100x easier. The size of IRS could probably be halved. If politicians are unwilling to take a hard look at all the loopholes and deductions they've allowed for the past century and get rid of them (I'm sure there are hundreds) then they could take the easy way and raise the highest bracket on higher earners, but that would really not solve the problem.
    Path to Prosperity: Pro-Growth Tax Reform

    A pro-growth tax system should be simple, efficient and fair. The U.S. tax code fails on all three counts. The system is notoriously complex, as individuals, families and employers spend over six billion hours and over $160 billion per year trying to negotiate a labyrinth of deductions and credits, a tangle of different rules for characterizing income, and a variety of schedules for taxing that income. Simply put, the code is too costly and too burdensome.

    The code is also patently unfair, as many of the deductions and preferences in the system – which serve to narrow the tax base – are mainly used by a relatively small class of mostly higher-income individuals. Washington should not be in the business of picking winners and losers. Finally, the U.S. tax structure is highly inefficient, as tax considerations rather than economic fundamentals often distort individual decisions to work, save, and invest, which leads to a misallocation of resources and slower economic growth.

    This budget attacks all three of these problems with a set of fundamental reforms drawn from a broad consensus of economic experts and based on the principle that government should never take a dollar from one of its citizens unless that dollar is needed for an absolutely vital national purpose. It draws on the commonly held view that the key to pro-growth tax reform is lowering tax rates while broadening the tax base – that is, letting individuals keep more of the money they earn, while getting rid of distortions, loopholes and preferences that divert economic resources from their most efficient uses...

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    Re: Republicans Say They’re Open to ‘Revenue Raisers’

    so, anywho, the main lesson from this thread seems to be that John Broder made a rather stupid mistake, and the NYTimes editorial staff failed to catch him.

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    Re: Republicans Say They’re Open to ‘Revenue Raisers’

    Quote Originally Posted by Thunder View Post
    society has decided that we owe the govt. income tax. its not due to who we are, where we are, what we do.

    its based on how much we earn, and the concept that since we all benefit from a well-functioning govt., we should all help fund it.

    lets run with that thought

    many of those who benefit do little or nothing to fund it while a minority does most of the funding



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    Re: Republicans Say They’re Open to ‘Revenue Raisers’

    Quote Originally Posted by Gargantuan View Post
    Just for the record, my theory on taxes is that you shouldn't have to contribute MORE if you earn more, but each should be hit fairly when you tax. That's why a progressive system is fair.
    a flat tax accomplishes that too and prevents the many passing all the burden onto the few.



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    Re: Republicans Say They’re Open to ‘Revenue Raisers’

    Quote Originally Posted by TurtleDude View Post
    a flat tax accomplishes that too and prevents the many passing all the burden onto the few.
    so explain this to us flat tax advocate: we are told that it is the rich who ceaselessly push for this flat tax that and they do so because they would indeed get a major tax cut. We are also told that the poor would be excluded from it and they would not get a tax increase. Then we are told at the same time that the flat tax is revenue neutral.

    So just who is it that is paying more if the rich gets cuts, the poor do not get increases and it remains revenue neutral?

    This whole flat tax thing is indeed the work of Merlin or some modern sorcerer.
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    Re: Republicans Say They’re Open to ‘Revenue Raisers’

    Quote Originally Posted by TurtleDude View Post
    a flat tax accomplishes that too and prevents the many passing all the burden onto the few.
    Flat tax, no loopholes. I could live with that.

    Edited because I would only agree to it if it was across the boards, and not what Haymarket just described.

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    Re: Republicans Say They’re Open to ‘Revenue Raisers’

    Quote Originally Posted by haymarket View Post
    so explain this to us flat tax advocate: we are told that it is the rich who ceaselessly push for this flat tax that and they do so because they would indeed get a major tax cut. We are also told that the poor would be excluded from it and they would not get a tax increase. Then we are told at the same time that the flat tax is revenue neutral.

    So just who is it that is paying more if the rich gets cuts, the poor do not get increases and it remains revenue neutral?

    This whole flat tax thing is indeed the work of Merlin or some modern sorcerer.
    You spend so much time "responding" to my posts without ever really trying to read them

    the main reason why a flat tax is good is because when people such as you demand that people like me pay a higher tax rate you also will be taxed more. That at least serves as some disincentive for politicians and voters to want to make the rich pay more because they themselves will face higher tax rates and the political repercussions of all the dependent voters having to actually pay more taxes.


    ITS A CHECK ON THE POLITICIANS WHO WIN VOTES BY PROMISING SPENDING PAID FOR BY TAX HIKES ON THE RICH



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    Re: Republicans Say They’re Open to ‘Revenue Raisers’

    Quote Originally Posted by TurtleDude View Post
    You spend so much time "responding" to my posts without ever really trying to read them

    the main reason why a flat tax is good is because when people such as you demand that people like me pay a higher tax rate you also will be taxed more. That at least serves as some disincentive for politicians and voters to want to make the rich pay more because they themselves will face higher tax rates and the political repercussions of all the dependent voters having to actually pay more taxes.


    ITS A CHECK ON THE POLITICIANS WHO WIN VOTES BY PROMISING SPENDING PAID FOR BY TAX HIKES ON THE RICH
    ............... So you DON'T actually want a flat tax?

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    Re: Republicans Say They’re Open to ‘Revenue Raisers’

    from Turtle

    the main reason why a flat tax is good is because when people such as you demand that people like me pay a higher tax rate you also will be taxed more.
    So lets get this straight.
    1) a flat tax reduces the tax burden on the rich.
    2) a flat tax does not increase the tax burden on the poor
    3) a flat tax is revenue neutral
    4) the working class will see their taxes increase to make up for cuts on the rich

    yup - pretty much as I knew all along.
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    Re: Republicans Say They’re Open to ‘Revenue Raisers’

    Quote Originally Posted by haymarket View Post
    from Turtle



    So lets get this straight.
    1) a flat tax reduces the tax burden on the rich.
    2) a flat tax does not increase the tax burden on the poor
    3) a flat tax is revenue neutral
    4) the working class will see their taxes increase to make up for cuts on the rich

    yup - pretty much as I knew all along.
    So typical....Is it possible to have a discussion on taxes based on facts without the 'class warfare' talking points being screamed to drown out reasonable ideas?

    Fact: Half the country pays NO TAXES now

    Fact: The top 10% of income earners already pay over 70% of all income tax.

    Fact: The US has the highest rate of capital gains tax in the world.

    And you want more from these people...Where's your contribution?

    Are you of the half that pays nothing? Should I guess?

    j-mac
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

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