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Thread: Howard Dean: "The Truth Is Everybody Needs To Pay More Taxes, Not Just The Rich"

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    Howard Dean: "The Truth Is Everybody Needs To Pay More Taxes, Not Just The Rich"

    I agree with this statement, that everyone that can needs to pay a bit more taxs and not just the rich.
    This is a primer to prepare for an ultimate compromise that does include tax increases on the middleclass..it might come in the form of no more tax deductions on mortgages..which im against.


    he only problem is -- and this is initially going to seem like heresy from a progressive is -- the truth is everybody needs to pay more taxes, not just the rich. And it's a good start. But we're not going to get out of this deficit problem unless we raise taxes across the board, to go back to what Bill Clinton had and his taxes. And if we don't do that, the problem is the pressure is going to be on spending even more.


    Howard Dean: "The Truth Is Everybody Needs To Pay More Taxes, Not Just The Rich" | RealClearPolitics

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    Re: Howard Dean: "The Truth Is Everybody Needs To Pay More Taxes, Not Just The Rich"

    i agree. i'd be fine with going back to the Clinton tax rates for all brackets, and the SS discount has got to go. these changes would be a serious financial strain on me, but so would recession, default, and currency devaluation when i am getting no raises.

    what is key is that we phase in the tax increases year by year, rather than enact them all at once.

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    Re: Howard Dean: "The Truth Is Everybody Needs To Pay More Taxes, Not Just The Rich"

    At the end of the day, raising taxes on just the rich will have all but no effect on revenue. It will not narrow our deficit, it will not move us towards a balanced budget. It's an empty gesture designed to convince the American middle class (and largest voting block), that politicians are "in our corner". At the end of the day, tax revenue needs to increase significantly. The best way to do that, IMO, is to simplify the tax code and eliminate loopholes that allow very large, very profitable corporations to pay absolutely nothing, that allow me to pay an effective rate below 8% on income that puts me damn close to the U.S. median, that allows the "rich" to pay 12-13%.

    If we streamline the tax code with progressive rates and no deductions we'll be better off. Hell, even graduated deductions would be simpler than what we have now. How hard would it be to create deductions inverse to tax rates? If you're "rich", your dependent deduction would be say 1/4 as large as it is for somebody in the lowest bracket, for example.

    Either way, we're never going to pull in the revenue we need simply by taxing the rich and closing a few corporate loopholes. Everybody's going to have skin in the game eventually...whether it takes the form of a higher tax or a lower deduction, or a lower SS pay out, or high Medicare out of pocket, or whatever else.
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    Re: Howard Dean: "The Truth Is Everybody Needs To Pay More Taxes, Not Just The Rich"

    I think it's interesting, and bordering on apparent outright contradiction, that many conservatives hold, on the one hand, that the rich pay the largest share of taxes as a percentage of revenue received by the government. This, they do with current tax rates. But on the other hand, raising those rates will have no impact on the deficit. It doesn't seem that a person can coherently hold both points.

    I agree that the middle class is likely to end up having to pay more. But the above point is something I think really ought to be clarified before we start talking about raising taxes on everyone.

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    Re: Howard Dean: "The Truth Is Everybody Needs To Pay More Taxes, Not Just The Rich"

    Quote Originally Posted by lpast View Post
    I agree with this statement, that everyone that can needs to pay a bit more taxs and not just the rich.
    This is a primer to prepare for an ultimate compromise that does include tax increases on the middleclass..it might come in the form of no more tax deductions on mortgages..which im against.


    he only problem is -- and this is initially going to seem like heresy from a progressive is -- the truth is everybody needs to pay more taxes, not just the rich. And it's a good start. But we're not going to get out of this deficit problem unless we raise taxes across the board, to go back to what Bill Clinton had and his taxes. And if we don't do that, the problem is the pressure is going to be on spending even more.


    Howard Dean: "The Truth Is Everybody Needs To Pay More Taxes, Not Just The Rich" | RealClearPolitics
    Dean's main point has been that the $800 billion Defense cut sequester needs to stay and that will only happen if Obama does not make a deal with Republicans. This is the only good reason to agree with him on taxes. We won't get the defense cuts we need if we deal with Republicans.

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    Re: Howard Dean: "The Truth Is Everybody Needs To Pay More Taxes, Not Just The Rich"

    Quote Originally Posted by iguanaman View Post
    Dean's main point has been that the $800 billion Defense cut sequester needs to stay and that will only happen if Obama does not make a deal with Republicans. This is the only good reason to agree with him on taxes. We won't get the defense cuts we need if we deal with Republicans.
    The word compromise means that no one gets all they want for the common good

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    Re: Howard Dean: "The Truth Is Everybody Needs To Pay More Taxes, Not Just The Rich"

    Quote Originally Posted by lpast View Post
    The word compromise means that no one gets all they want for the common good
    So you DON'T agree with Dean after all. It's a package deal, taxes got up on everyone and $800 billion is cut from defense.

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    Re: Howard Dean: "The Truth Is Everybody Needs To Pay More Taxes, Not Just The Rich"

    Quote Originally Posted by ashurbanipal View Post
    I think it's interesting, and bordering on apparent outright contradiction, that many conservatives hold, on the one hand, that the rich pay the largest share of taxes as a percentage of revenue received by the government. This, they do with current tax rates. But on the other hand, raising those rates will have no impact on the deficit. It doesn't seem that a person can coherently hold both points.

    I agree that the middle class is likely to end up having to pay more. But the above point is something I think really ought to be clarified before we start talking about raising taxes on everyone.
    There is no contradiction at all.

    Democrats are lobbying to increase taxes on the wealthy while simultaneously looking to increase spending as a whole.

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    Re: Howard Dean: "The Truth Is Everybody Needs To Pay More Taxes, Not Just The Rich"

    Flat tax, no loopholes, no deductions. 15-20% across the board...including those 47% now who pay no federal income taxes. Obama constantly saying we all need to pay our fair share, have skin in the game and fair shot and all that crap has not once mentioned those who pay no federal income taxes. How is that fair??? He doesn't want fair, he just wants to punish those who have been successful.
    If it sounds like Marx and acts like Stalin...it must be Obama

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    Re: Howard Dean: "The Truth Is Everybody Needs To Pay More Taxes, Not Just The Rich"

    Quote Originally Posted by Rapunzel52 View Post
    Flat tax, no loopholes, no deductions. 15-20% across the board...including those 47% now who pay no federal income taxes. Obama constantly saying we all need to pay our fair share, have skin in the game and fair shot and all that crap has not once mentioned those who pay no federal income taxes. How is that fair??? He doesn't want fair, he just wants to punish those who have been successful.
    What's best for a society at large, and whats fair for the individuals within said society are rarely, if ever, the same thing. Don't like, then get out of the society. Cut all strings and attachments to it, become a hermit. Only them might you find it a bit more fair.
    Quote Originally Posted by calamity View Post
    Reports indicate that everyone knew he was hauling a bunch of guns up there. But, since you brought it up, there's something which should be illegal: guns that breakdown.

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