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Thread: White House Tax Plan Would Ask More of Millionaires

  1. #61
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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by Goldenboy219 View Post


    The rest of the article can be found here

    The effective tax rate is at least 3% less than it was during 2000, when we had a balanced budget. Conversely, tax revenue as a percentage of total income (using the income approach to national output) is at its lowest level since 1950, when tax revenues made up 14.4% of GDP (FWIW, they were 20.6% in 2000). No credible long term deficit reduction can occur without restoring a competent policy. The starve the beast mentality does not take into account fluctuations in the business cycle, and is now taking its toll on our politicians ability to not only fund itself (ala August 2nd), but to enact the necessary fiscal policy to combat the persistently high unemployment rate.
    Good! They NEED to pay more. They are under paying right now.
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  2. #62
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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by The Giant Noodle View Post
    Good! They NEED to pay more. They are under paying right now.
    another faux libertarian. GIve the government more money is a socialist or statist attitude



  3. #63
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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by Councilman View Post
    Still say we need a flat on all income levels above the slightly the poverty line and allow no deductions.

    Put a similar flat tax on all business without any loopholes. Singling out the people who start up the new businesses and create the jobs sounds great until you inhibit growth with taxes and over regulations.

    It's a dumb idea that flies in the face of what has gone before and failed.

    What's a fair share?

    We have 1 percent of the population earn 19 percent of the income but pay 37 percent of the income tax, is that fair?
    Perhaps the Libertarian candidate will be for a flat tax, since they are the party that likes regressive taxes. Who is he anyway?
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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by TurtleDude View Post
    another faux libertarian. GIve the government more money is a socialist or statist attitude
    No it's not. It needs more revenues and more spending cuts. I'm not a socialist, I don't think socialism works.
    The GOP National Committee should change their emblem from an elephant to a condom. A condom stands up to inflation, halts production, destroys the next generation, protects pricks, and gives one a sense of security and safety while screwing others.

  5. #65
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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by Catawba View Post
    Perhaps the Libertarian candidate will be for a flat tax, since they are the party that likes regressive taxes. Who is he anyway?
    a flat tax is not regressive. the rich pay more than the poor.



  6. #66
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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by Snevert View Post
    No it's not. It needs more revenues and more spending cuts. I'm not a socialist, I don't think socialism works.
    I wasn't replying to you, try again, you don't pretend to be a libertarian



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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by TurtleDude View Post
    I wasn't replying to you, try again, you don't pretend to be a libertarian
    I was trying to give you an example on how your claim isn't correct.
    The GOP National Committee should change their emblem from an elephant to a condom. A condom stands up to inflation, halts production, destroys the next generation, protects pricks, and gives one a sense of security and safety while screwing others.

  8. #68
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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by Snevert View Post
    I was trying to give you an example on how your claim isn't correct.
    You utterly failed. please try again



  9. #69
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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by TurtleDude View Post
    utter hypocrisy. You love the government playing god and punishing the successful with higher rates. If you really want even treatment there should be a flat rate on all income and all earners

    I can live with that-how about you?
    I would greatly appreciate it if you DID NOT speak for me. If you want to tell me what I believe, have the courtesy to reproduce my views as they were written.

    As far as punishing the successful - explain how those who are fortunate enough to inherit wealth simply because the accident of birth constitute THE SUCCESSFUL - let alone the idea that they are going to be punished by taxing their income the same way we tax all forms of income.
    Last edited by haymarket; 09-19-11 at 09:32 PM.
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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by haymarket View Post
    I would greatly appreciate it if you DID NOT speak for me. If you want to tell me what I believe, have the courtesy to reproduce my views as they were written.

    As far as punishing the successful - explain how those who are fortunate enough to inherit wealth simply because the accident of birth constitute THE SUCCESSFUL - let alone the idea that they are going to be punished by taxing their income the same way we tax all forms of income.
    you claim treating LTCG or dividends (which are taxed twice before the shareholder gets them) at different rates is the Government playing God but it doesn't do that when it taxes those of us who pay most of the income taxes at higher rates than those who tend to live off the government



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