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Thread: Bill Kristol: “It won’t kill the country” to raise taxes on millionaires

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    Re: Bill Kristol: “It won’t kill the country” to raise taxes on millionaires

    Quote Originally Posted by jonny5 View Post
    Not neccesarily. That 15% flat tax could still equate to more than 15% of GDP. And is that in addition to or a replacement for OASID taxes?

    ie, total adjusted gross income for all filers is 7.5 trillion. 15% of that is 1.1 trillion. Right now the govt collects 860bn. So just on that, the govt is collect more taxes. Once you add in SS and medicare taxes...
    and if that 15% were to be the entire tax burden, the upper income taxpayers would be paying a bigger share than they do now.

    If you add another 13% or whatever it is for payroll taxes, then the poor would really be paying more.
    "Donald Trump is a phony, a fraud... [he's] playing the American public for suckers." Mitt Romney

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    Re: Bill Kristol: “It won’t kill the country” to raise taxes on millionaires

    Quote Originally Posted by Dittohead not! View Post
    and if that 15% were to be the entire tax burden, the upper income taxpayers would be paying a bigger share than they do now.

    If you add another 13% or whatever it is for payroll taxes, then the poor would really be paying more.
    What does that have to do with your claim about spending cuts?

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    Re: Bill Kristol: “It won’t kill the country” to raise taxes on millionaires

    Quote Originally Posted by lpast View Post
    You will get NO argument from me that an extremely reduced and condensced tax code would be a huge benefit. Where the argument comes in is the proponents of the simplified tax code real agenda is for the again the RICH to pay far far less and the middleclass to pay far far more...because the people with NOTHING dont pay in this tax code and they wont pay in a more simplified tax code...you cannot get blood from a stone...so when the rich want to pay "LESS" that just means they want to take out "MORE" than they already have out of the working mans posterior
    Ipast, I hear what you're saying.

    Since 2000, America has lost "6 million" manufacturing jobs...and 55,000 manufacturing companies to outsourcing. The outsourcing income isn't "trickling down" in the same manner had those 6 million jobs existed here in this country...or the 55,000 companies were still actively engaged in production here. And unemployment AND UNDEREMPLOYMENT in this country is greatly related to the loss of these 55,000 companies. Where do 6 million displaced workers get work that would come close to maintaining a close to or equal living wage that they had in their manufacturing jobs?

    I think that it would be a real state of denial for those who don't believe that the rich depend on both the middle class and, YES, even the poor, to get rich and to maintain their level of wealth. In other words, the rich can't be rich without the poor working class, middle class...and they make money off of those who are welfare recipients.

    Regardless of the classes..."the government" is the main beneficiary from the tax code system we all currently live under.

    In the end...there's no physical proof or fiscal proof that the overall economy welfare is deprived based on taxing those who have the types of wealth that are capable of investing their wealth to create jobs. The conservative entertainment industry has been making these claims for eons...yet, they never offer any proof of such claims. Most people of substantial wealth don't pay all that much tax based on ordinary income. They sustain much of their wealth from capital gains and tax free bonds.

    And I've never seen an official IRS demographic breakdown of the 47% of people who don't pay income tax. If somebody has that list, I think we'd all love to see it.

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    Re: Bill Kristol: “It won’t kill the country” to raise taxes on millionaires

    Quote Originally Posted by jonny5 View Post
    Thats not what you said. You said 'total avoidance of tax responsibility'. The richest 1% pay 40% of income tax. How is that total avoidance?
    To be honest I dont remember saying that...or the context I would have said it in.....I gave an example in another post.. the richest do pay the most taxes in dollars...not percentages of what they earn...400 americans ALONE own more wealth and make more than almost 200,000,000 americans...think about that let it sink in...thats not the top 1% thats the top "VERY FEW"

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    Re: Bill Kristol: “It won’t kill the country” to raise taxes on millionaires

    Quote Originally Posted by jonny5 View Post
    What does that have to do with your claim about spending cuts?
    If the entire tax burden is 15%, and the government continues to spend 21%, the deficits continue. if you add another 13% to low and middle tax payers in the form of payroll taxes, then the budget might balance out.

    What we tend to forget is that payroll taxes also go into the general fund, just like income taxes do, and are used for the day to day expenses of government. There is no social security "trust fund" out there, just an empty bin of government promises.
    "Donald Trump is a phony, a fraud... [he's] playing the American public for suckers." Mitt Romney

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    Re: Bill Kristol: “It won’t kill the country” to raise taxes on millionaires

    Quote Originally Posted by longview View Post
    I would be willing to compromise.
    The difference between the additional tax revenue brought in by allowing the top tier
    of the *Obama tax cut to expire and the deficit is about $1.1 Trillion.
    *( Obama signed the current tax rates into law in 2010)
    I think the ratio was 16:1, So if the Democrats cut $16. from the budget for each additional
    dollar raised by the new taxes, I am ON BOARD.
    Actually Senate minority leader McConnell has said he is "onboard" with 1 to 1 budget cuts to tax revenue. Now we are gettng somewhere.

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    Re: Bill Kristol: “It won’t kill the country” to raise taxes on millionaires

    Quote Originally Posted by Removable Mind View Post
    Ipast, I hear what you're saying.

    Since 2000, America has lost "6 million" manufacturing jobs...and 55,000 manufacturing companies to outsourcing. The outsourcing income isn't "trickling down" in the same manner had those 6 million jobs existed here in this country...or the 55,000 companies were still actively engaged in production here. And unemployment AND UNDEREMPLOYMENT in this country is greatly related to the loss of these 55,000 companies. Where do 6 million displaced workers get work that would come close to maintaining a close to or equal living wage that they had in their manufacturing jobs?

    I think that it would be a real state of denial for those who don't believe that the rich depend on both the middle class and, YES, even the poor, to get rich and to maintain their level of wealth. In other words, the rich can't be rich without the poor working class, middle class...and they make money off of those who are welfare recipients.

    Regardless of the classes..."the government" is the main beneficiary from the tax code system we all currently live under.

    In the end...there's no physical proof or fiscal proof that the overall economy welfare is deprived based on taxing those who have the types of wealth that are capable of investing their wealth to create jobs. The conservative entertainment industry has been making these claims for eons...yet, they never offer any proof of such claims. Most people of substantial wealth don't pay all that much tax based on ordinary income. They sustain much of their wealth from capital gains and tax free bonds.

    And I've never seen an official IRS demographic breakdown of the 47% of people who don't pay income tax. If somebody has that list, I think we'd all love to see it.

    Not only manufacturing jobs to the tune of 6million...Customer Service Jobs...Tech Support and many more..were talking MILLIONS upon MILLIONS of decent paying jobs and the republican base which is mostly working class...just GLOSS over this...they are so convinced their corporate gods are their saviors and benefactors...when the truth is is the corporatists didnt need them at all to make them richer they would step over them as they starved in the street..it amazes me

    Outsourcing is GREED in its purest form...no one can tell me that MicroSoft, Intel, HP and all the other big corporations would have gone broke and bankrupt and close up if they didnt OUTSOURCE all their customer service and tech support to places you cant even understand wtf their saying. GREED more PROFIT ...GREED...enough is never enough
    So they put america out of work..they put millions of americans on the PUBLIC DOLE...millions of americans cant find work and lost their homes...millions of americans not spending to grow the economy and the REPUBLICANS tell us the RICH NEED ANOTHER TAX CUT to create jobs...LMAOoooooooooooooooooooooooooooo......since 1982 the rich and corporations have had their tax rates cut FULLY IN HALF...capitol gains cut more than in half...inheritance tax gutted....so if there was trickledown and tax cuts created jobs there shouldnt be a single american out of work.
    Keep living in lala land NON RICH WORKING CLASS republicans...keep voting for the rich because you hate blacks, you hate gays, you hate abortions, you stupid enough to think they are going to take your guns...and while you're at it do not PULL YOUR PANTS UP and just remain in that bent over position...

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    Re: Bill Kristol: “It won’t kill the country” to raise taxes on millionaires

    Quote Originally Posted by Dittohead not! View Post
    If the entire tax burden is 15%, and the government continues to spend 21%, the deficits continue. if you add another 13% to low and middle tax payers in the form of payroll taxes, then the budget might balance out.

    What we tend to forget is that payroll taxes also go into the general fund, just like income taxes do, and are used for the day to day expenses of government. There is no social security "trust fund" out there, just an empty bin of government promises.
    The bin is not "empty" it has treasury bonds with the full weight of the US govt. behind them. There will be no welching on those bonds.

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    Re: Bill Kristol: “It won’t kill the country” to raise taxes on millionaires

    Quote Originally Posted by lpast View Post
    To be honest I dont remember saying that...or the context I would have said it in.....I gave an example in another post.. the richest do pay the most taxes in dollars...not percentages of what they earn...400 americans ALONE own more wealth and make more than almost 200,000,000 americans...think about that let it sink in...thats not the top 1% thats the top "VERY FEW"
    It was 2 hours ago, like ten posts. Perhaps you need to stop constantly posting random rhetoric if you cant keep track of it.

    http://www.debatepolitics.com/breaki...post1061143406

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    Re: Bill Kristol: “It won’t kill the country” to raise taxes on millionaires

    Quote Originally Posted by Mach View Post
    Since when is a decision being good, based on the fact that it "will not directly kill you or the country?" You could raise taxes on everyone or no one, and that would still be true.

    The fact is you want federal benefits and you demand someone else pay for them because you have no interest in doing what it takes to earn it yourself. That's it, nothing more to be said.
    What is it about the fact that tax rates are based on what the earner can afford don't you understand?

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