Page 19 of 59 FirstFirst ... 9171819202129 ... LastLast
Results 181 to 190 of 589

Thread: White House Tax Plan Would Ask More of Millionaires (Continued)

  1. #181
    Sage
    KevinKohler's Avatar
    Join Date
    Oct 2011
    Location
    CT
    Last Seen
    Yesterday @ 09:32 PM
    Gender
    Lean
    Undisclosed
    Posts
    15,968
    Blog Entries
    1

    Re: White House Tax Plan Would Ask More of Millionaires (Continued)

    Since we have a 14.8 trillion dollar debt there isn't enough money in the country to pay that off so the best way to solve the problem is to grow your way out of this debt
    I hope these box thingies work, or this is going to get SERIOUSLY confusing up in here....I would agree that an economic growth would fix our debt problem, but ONLY if we fix our spending problem. You know what they say...people that have more, spend more. And government agencies are set up to make SURE they spend all they receive, no matter if they need it or not. No surplus on the budget. Otherwise, their budget gets cut in following years.

    Cutting services? What services are the role of the Federal Govt? Why do we have so many duplicated expenses then at the state level if all those so called services are handled by the Federal Govt. Next we need to explain to everyone what the various taxes go for and then get the Federal Govt. down to the level it belongs, about 1.5 trillion a year not the current 3.7 trillion dollar budget. Take SS off budget and put it back where it belongs, intergovt. holdings and keep it there. Raise the retirement age to 67 and then start repaying the IOU's in that account with the surplus that increased retirement age will generate. I have posted here what the budget would look like but you need to start with 2008 budget and start cutting from there.
    When states fail to pay THEIR bills for the services they try to offer, they get that money from the federal government. And also, yes, redundancy is a huge problem. Just as criminals don't like to be tried twice for the same crime, I don't like having to pay twice for the same services. But I'm told we NEED them, lol. And I've been harping about an itemized bill with my tax returns for YEARS. But I'll get one, because I'm sure some of it is a security issue, and some of it is just an eyesore if all the public new about it. Shrinking the federal government? Are you SURE you're a conservative, and not a libertarian, lol? Sadly, any president or congress person who espouses ideas like yours gets bood off the stage, and flouted as a looney, right up there with Rom Paul.

    Much of the revenue problem today comes from the fact that there are over 65 million WORKING Americans that are paying ZERO Federal Income taxes because of loopholes and there are another 25 plus million unemployed and under employed Americans paying little if any FIT. That has to be addressed. The way to do that is with a flat tax and a consumption tax. Everybody pays something. That isn't happening today.
    I was already under the impression we had a consumption tax, aka, sales tax? As for the flat tax idea, you can't expect someone making 15,000 a year to have to pay 5 grand, or one third of his/her income, in a flat tax. You, and some others would likely say, let that be their incentive to get out and get a better job, but speaking as someone trying to find a job right now, there are not a lot of "better" jobs out there. Employers seem to know they got potential employees by the balls right now, and so are offering lowered wages for the jobs they have available. Case in point, I interviewed, and got accept/hired, for a job about 2 months ago to run/general manage a Friendly's restaurant. No small job. Know what the max was they offered me? 32,000 a year, lol. I told them I had to make at LEAST 45, and they said all incoming store managers make 32,000. I laughed, and left. 2 months later, I am rethinking that move, only, I now hear they filed chapter 11, so am not TOO guilty about it. But anyway, but to my original point...the world needs ditch diggers and burger flippers to, no matter what you or anyone thinks of those jobs, or the people that do them. Not everyone can make the sorta money that would allow them to pay the SAME flat tax everyone else pays. Enter the free rider problem.

    Let's go with the spending cuts first, Reagan made a deal with the Democrat controlled House to cut spending $3 for every dollar of tax increases. Guess what we got, the tax increases without spending cuts. GHW Bush tried the same thing and guess what we got, tax increases without the spending cuts. I have no faith in bureaucrats ever cutting anything.
    And that is the source of MY anger. I see no difference in the over all way things are run, no matter WHO get's elected in what position. If I didn't have a wife and kids, I'd be the dude with a gun taking aim, that's how angry I am. But I'll never do that, because the fools I am surround by all day support the people I would want to shoot at, and that would be wrong to do. So long as these people have the support of their constituents, they are validated in all that they do.

    The answer to that is term limits. I was against them before but this is out of hand. Politicians have figured out that when you keep people dependent you keep the politicians employed. Only in the liberal world do you increase your credit limit and expect politicians not to spend the money.[/QUOTE]

    Eh, republicans (so called "conservatives")would spend that money, too. Like I was saying, government is set up to spend all it gets, no matter what. We already have terms limits on some offices, but to me, that is no solution, either. Term limits mean nothing if our only options for replacements are people exactly like the ones leaving. Meet the new boss....

  2. #182
    Sage
    Conservative's Avatar
    Join Date
    Dec 2009
    Location
    Houston, TX
    Last Seen
    Yesterday @ 09:13 AM
    Gender
    Lean
    Conservative
    Posts
    67,249

    Re: White House Tax Plan Would Ask More of Millionaires (Continued)

    You boxed the wrong text, you need to box what someone posts to you and not what you post to them. Hitting quick reply doesn't allow anyone to see your post.

    Anyway as I stated a lot of people have no clue what our taxes fund. For example there are state sales tax which funds state services but there is no Federal Sales Tax. As for the flat tax my proposal is 15% with the first 30,000 exempt so someone making 30000 would be exempt. Excise taxes on gasoline/diesel purchases fund roads and bridges. FICA funds SS and Medicare. Property taxes fund schools, police and fire.

    As for states not paying their bills, why is that a Federal Responsibility? The Obama stimulus program bailed some states out instead of stimulating the economy and growing jobs thus new taxpayers

  3. #183
    Sage
    KevinKohler's Avatar
    Join Date
    Oct 2011
    Location
    CT
    Last Seen
    Yesterday @ 09:32 PM
    Gender
    Lean
    Undisclosed
    Posts
    15,968
    Blog Entries
    1

    Re: White House Tax Plan Would Ask More of Millionaires (Continued)

    You boxed the wrong text, you need to box what someone posts to you and not what you post to them. Hitting quick reply doesn't allow anyone to see your post.
    Let's see if I get it correct this time....
    Anyway as I stated a lot of people have no clue what our taxes fund. For example there are state sales tax which funds state services but there is no Federal Sales Tax. As for the flat tax my proposal is 15% with the first 30,000 exempt so someone making 30000 would be exempt. Excise taxes on gasoline/diesel purchases fund roads and bridges. FICA funds SS and Medicare. Property taxes fund schools, police and fire.
    See, when a lot of people say "flat tax", they mean a dollar amount, not a percentage of income. The question is, would that be enough? And besides....don't people that make 40 a year and up already pay that? God knows, I only get about 5 grand back a year, between my wife and I, and we make about 90 a year between the two of us, have a house, and two kids. And I PROMISE, a LOT more than just 5 grand is taken out in federal... I also thought that the excise taxes we already have on gas paid for roads? I mean, where else does that extra 75 cents or more per gallon go? Or am I misunderstanding what you're saying?

    As for states not paying their bills, why is that a Federal Responsibility? The Obama stimulus program bailed some states out instead of stimulating the economy and growing jobs thus new taxpayers
    Federal liability, in my opinion, should be as simple as providing a supreme court, international security (military, etc), and....well, gosh, that's about it, in my mind. But then you think, are there states that are "too big to fail", lol? Anyway, I gotta hit the hey, got another bright day of job hunting tomorrow.

  4. #184
    Sage
    Conservative's Avatar
    Join Date
    Dec 2009
    Location
    Houston, TX
    Last Seen
    Yesterday @ 09:13 AM
    Gender
    Lean
    Conservative
    Posts
    67,249

    Re: White House Tax Plan Would Ask More of Millionaires (Continued)

    Quote Originally Posted by KevinKohler View Post
    Let's see if I get it correct this time....

    See, when a lot of people say "flat tax", they mean a dollar amount, not a percentage of income. The question is, would that be enough? And besides....don't people that make 40 a year and up already pay that? God knows, I only get about 5 grand back a year, between my wife and I, and we make about 90 a year between the two of us, have a house, and two kids. And I PROMISE, a LOT more than just 5 grand is taken out in federal... I also thought that the excise taxes we already have on gas paid for roads? I mean, where else does that extra 75 cents or more per gallon go? Or am I misunderstanding what you're saying?


    Federal liability, in my opinion, should be as simple as providing a supreme court, international security (military, etc), and....well, gosh, that's about it, in my mind. But then you think, are there states that are "too big to fail", lol? Anyway, I gotta hit the hey, got another bright day of job hunting tomorrow.
    No you understand correctly, the problem is the Federal Govt. put excise taxes as well as FICA taxes on budget instead of having them go into a trust fund for the programs for which they were created to pay for. that is the problem with the govt. and why SS/medicare are in trouble. My money contributed to my SS fund was put on budget and spent, being replaced with an IOU. Now those IOU's have to be funded and the govt. has already spent the money therefore they have to print it or borrow it. It has been called a Ponzi scheme for that reason. My SS now requires someone else to pay it when that was never the intent. Now the govt. claims they don't have the money and that SS/Medicare are going broke and we don't have money for infrastructure. We would had the govt. applied the money where it belonged.

    By the way, good job on boxing.

  5. #185
    Sage
    pbrauer's Avatar
    Join Date
    Jun 2010
    Location
    Oregon
    Last Seen
    11-27-15 @ 03:31 PM
    Gender
    Lean
    Liberal
    Posts
    25,394

    Re: White House Tax Plan Would Ask More of Millionaires (Continued)

    Quote Originally Posted by Conservative View Post
    That makes my point, Reagan added 1.7 trillion to the debt which tripled it and Obama has increased it by 4. trillion dollars or a 40% increase. Which one was worse?
    Tripling the debt is a 200% increase so obviously that is worse.


  6. #186
    Banned
    Join Date
    Jan 2011
    Last Seen
    08-25-16 @ 08:31 PM
    Lean
    Liberal
    Posts
    11,265

    Re: White House Tax Plan Would Ask More of Millionaires (Continued)

    Quote Originally Posted by Conservative View Post

    As for the 2009 deficit, since it was a Democratic budget and Obama had his department heads in charge, all of it will be charged to him.
    That's insane. $600 billion was added to the debt between October 1st, 2008 and January 20th, 2009 and you believe Obama is responsible for that. Once again you prove you have no idea what you're talking about.

    Quote Originally Posted by Conservative View Post

    When you accept responsibility for the job, you accept responsibility for the results. That is how leadership works.
    Riiiight ... tell me again how Clinton, not Bush, was responsible for not protecting America sufficiently from a terrorist attack 8 months into Bush's first term.
    Last edited by Sheik Yerbuti; 10-12-11 at 08:56 AM.

  7. #187
    Banned
    Join Date
    Jan 2011
    Last Seen
    08-25-16 @ 08:31 PM
    Lean
    Liberal
    Posts
    11,265

    Re: White House Tax Plan Would Ask More of Millionaires (Continued)

    Quote Originally Posted by KevinKohler View Post

    If MY taxes go up, I want something for it. My car payments don't suddenly rise, with nothing to show. If MY taxes go up, i want foodstamps, free child care programs, SOMETHING.
    You get nothing for it and you deserve nothing for it. We already collected the services for the debt we owe. Now comes the time to pay the bill. We need to cut services and raise taxes on everyone. That's the only way the debt can be paid down.

  8. #188
    Sage
    Conservative's Avatar
    Join Date
    Dec 2009
    Location
    Houston, TX
    Last Seen
    Yesterday @ 09:13 AM
    Gender
    Lean
    Conservative
    Posts
    67,249

    Re: White House Tax Plan Would Ask More of Millionaires (Continued)

    Quote Originally Posted by pbrauer View Post
    Tripling the debt is a 200% increase so obviously that is worse.
    Just showing again that percentage change is irrelevant. What is the debt service that the taxpayer pays on 1.7 trillion vs. the debt service the taxpayer pays on 4 trillion? You and be honest as most people know the answer.

  9. #189
    Sage
    Conservative's Avatar
    Join Date
    Dec 2009
    Location
    Houston, TX
    Last Seen
    Yesterday @ 09:13 AM
    Gender
    Lean
    Conservative
    Posts
    67,249

    Re: White House Tax Plan Would Ask More of Millionaires (Continued)

    Quote Originally Posted by Sheik Yerbuti View Post
    That's insane. $600 billion was added to the debt between October 1st, 2008 and January 20th, 2009 and you believe Obama is responsible for that. Once again you prove you have no idea what you're talking about.


    Riiiight ... tell me again how Clinton, not Bush, was responsible for not protecting America sufficiently from a terrorist attack 8 months into Bush's first term.
    Prove it and then tell me what was done when the TARP loans were repaid? Does Bush or Obama get credit for the repayment and where did that credit go. Suggest you stop with the partisan bull****.

  10. #190
    Banned
    Join Date
    Jan 2011
    Last Seen
    08-25-16 @ 08:31 PM
    Lean
    Liberal
    Posts
    11,265

    Re: White House Tax Plan Would Ask More of Millionaires (Continued)

    Quote Originally Posted by Shek Yerbuti View Post

    That's insane. $600 billion was added to the debt between October 1st, 2008 and January 20th, 2009 and you believe Obama is responsible for that. Once again you prove you have no idea what you're talking about.

    Quote Originally Posted by Conservative View Post

    Prove it ...
    09.30.2008: 10,024,724,896,912
    01.16.2009: 10,628,881,485,510
    --------------------------------------
    Total .............. 604,156,588,598


    U.S. Treasury


    Quote Originally Posted by Conservative View Post

    ... and then tell me what was done when the TARP loans were repaid? Does Bush or Obama get credit for the repayment and where did that credit go
    Asked an answered ... repeatedly ... was applied against the deficit.

    Quote Originally Posted by Conservative View Post

    When you accept responsibility for the job, you accept responsibility for the results. That is how leadership works.

    Quote Originally Posted by Shek Yerbuti View Post

    Riiiight ... tell me again how Clinton, not Bush, was responsible for not protecting America sufficiently from a terrorist attack 8 months into Bush's first term.

    Quote Originally Posted by Conservative View Post

    Suggest you stop with the partisan bull****.
    Translation ... Conservative: "Stop exposing my hypocrisy!!"

Page 19 of 59 FirstFirst ... 9171819202129 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •