View Poll Results: Should the U.S. raise taxes to pay off the national debt

Voters
44. You may not vote on this poll
  • Yes, a lot

    5 11.36%
  • Yes, a little

    8 18.18%
  • No

    16 36.36%
  • Actually, taxes should be reduced

    11 25.00%
  • Idk

    0 0%
  • Other

    4 9.09%
Page 2 of 3 FirstFirst 123 LastLast
Results 11 to 20 of 27

Thread: Should the U.S. raise taxes to pay off the national debt

  1. #11
    Discount Philosopher
    specklebang's Avatar
    Join Date
    Jan 2012
    Location
    Las Vegas
    Last Seen
    06-05-14 @ 08:26 PM
    Lean
    Other
    Posts
    11,524

    Re: Should the U.S. raise taxes to pay off the national debt

    OK, I'm not being a grammar nazi. But the term "flat tax" is more commonly used to describe a single rate system. The term "progressive" is exactly what we have now, a tax percentage that increase a specific levels.

    Based on your proposed tax rates, our debt would double immediately. So, the OP would not be satisfied. Even if we kept the current rates, and eliminated all deductions, you'd see a market crash since almost the entire middle class has a mortgage.





    Quote Originally Posted by Baralis View Post
    Both


    Progressive brackets based on income but everyone in a particular bracket pays a flat percentage with no deductions or exceptions.

    Just an example:
    (income)

    $0-30K, 3% tax
    $30+k-60k, 6% tax
    $60+k-120k, 9%
    $120+k-200K , 15%
    Ect..

    You get the idea.

  2. #12
    Professor
    Baralis's Avatar
    Join Date
    May 2009
    Location
    MO
    Last Seen
    12-05-17 @ 03:53 AM
    Gender
    Lean
    Independent
    Posts
    2,394
    Blog Entries
    1

    Re: Should the U.S. raise taxes to pay off the national debt

    Quote Originally Posted by specklebang View Post
    OK, I'm not being a grammar nazi. But the term "flat tax" is more commonly used to describe a single rate system. The term "progressive" is exactly what we have now, a tax percentage that increase a specific levels.

    Based on your proposed tax rates, our debt would double immediately. So, the OP would not be satisfied. Even if we kept the current rates, and eliminated all deductions, you'd see a market crash since almost the entire middle class has a mortgage.
    My percentage numbers were purely hypothetical and only used as an attempt to explain my meaning. As for actual percentages, I think that would take a thorough analysis to find the best positioning. However in my mind I wouldn't mind seeing 3% for our lowest earners and perhaps a top bracket of 50% for the ultra wealthy.

  3. #13
    Guru
    Cyrylek's Avatar
    Join Date
    Jan 2013
    Location
    Boston
    Last Seen
    02-05-17 @ 01:49 PM
    Gender
    Lean
    Libertarian - Right
    Posts
    3,467

    Re: Should the U.S. raise taxes to pay off the national debt

    Quote Originally Posted by specklebang View Post
    Flat or progressive. It's one or the other.
    Not really. You can have a two-tier flat tax, for example. Let's say, 0% on the first $50,000/yr and 20% on everything above that.

  4. #14
    Discount Philosopher
    specklebang's Avatar
    Join Date
    Jan 2012
    Location
    Las Vegas
    Last Seen
    06-05-14 @ 08:26 PM
    Lean
    Other
    Posts
    11,524

    Re: Should the U.S. raise taxes to pay off the national debt

    OK. Very realistic.
    Quote Originally Posted by Baralis View Post
    My percentage numbers were purely hypothetical and only used as an attempt to explain my meaning. As for actual percentages, I think that would take a thorough analysis to find the best positioning. However in my mind I wouldn't mind seeing 3% for our lowest earners and perhaps a top bracket of 50% for the ultra wealthy.


    Yes, you could. I was just referring to the common use of the term but I couldn't out-fox you. How about 10% and 40%? Remember, we are raising taxes in this thread, not lowering them.
    Quote Originally Posted by Cyrylek View Post
    Not really. You can have a two-tier flat tax, for example. Let's say, 0% on the first $50,000/yr and 20% on everything above that.

  5. #15
    Banned
    Join Date
    Nov 2012
    Last Seen
    02-18-14 @ 08:18 PM
    Gender
    Lean
    Libertarian - Right
    Posts
    5,660

    Re: Should the U.S. raise taxes to pay off the national debt

    I voted no, but I would be willing to go a flat tax, everyone pays the same percentage of gross income including corporations.

    Like someone posted above, every increase should be with the same percentage decrease in spending.

  6. #16
    Mixed Government advocate
    Master PO's Avatar
    Join Date
    Oct 2012
    Location
    93,000,000 miles from Earth where its very Hot
    Last Seen
    11-30-17 @ 01:52 PM
    Gender
    Lean
    Libertarian - Right
    Posts
    31,331

    Re: Should the U.S. raise taxes to pay off the national debt

    consumption tax.

    everyone pays, and when taxes are raised the people feel it immediately, and politicians are not so inclined to raise it so quickly or very high.

  7. #17
    Banned
    Join Date
    Jul 2012
    Last Seen
    07-16-14 @ 01:18 AM
    Gender
    Lean
    Moderate
    Posts
    47,571

    Re: Should the U.S. raise taxes to pay off the national debt

    Quote Originally Posted by Canell View Post
    The US national debt is constantly rising and approaches 17 trillion. Should taxes be raised to pay it off?

    What's your solution to the problem?
    IMO, no raising taxes or new taxes unless the government can prove that they can control their out of control spending on wasteful projects and such things. I just don't trust that they would even use the money to pay down the debt.

  8. #18
    Sage
    Perotista's Avatar
    Join Date
    Jan 2013
    Location
    Georgia
    Last Seen
    Today @ 10:04 AM
    Gender
    Lean
    Other
    Posts
    17,925
    Blog Entries
    24

    Re: Should the U.S. raise taxes to pay off the national debt

    Quote Originally Posted by Canell View Post
    The US national debt is constantly rising and approaches 17 trillion. Should taxes be raised to pay it off?

    What's your solution to the problem?
    Normally I would say raise taxes and cut spending. But when it comes to spending cuts, they are just a cut in the amount of increase. It is like you are scheduled for a 10% raise, but only get a 5% raise, but in Washington D.C. talk, that is a 5% spending cut vs. a 5% raise.

    So freeze spending to what ever this years budget is, 3.7 trillion, 3.8 trillion for the next 5 years and close loopholes in the tax system. Raising tax rates sometimes generate less revenue due to people changing their behavior and raising the rates on the rich, really doesn't generate all that much as they can afford all the tax accounts, tax lawyers and CPA's to invoke loopholes which lowers their taxes way below the rate they should pay.
    This Reform Party member thinks it is high past time that we start electing Americans to congress and the presidency who put America first and their political party further down the line. But for way too long we have been electing Republicans and Democrats who happen to be Americans instead of Americans who happen to be Republicans and Democrats.

  9. #19
    Sage
    polgara's Avatar
    Join Date
    Jan 2013
    Location
    NE Ohio
    Last Seen
    Today @ 12:03 PM
    Gender
    Lean
    Other
    Posts
    18,339

    Re: Should the U.S. raise taxes to pay off the national debt

    Time for me to call it a day.

    G'nite all.

    Be well.

  10. #20
    Professor
    Mathematician's Avatar
    Join Date
    Aug 2011
    Last Seen
    09-22-17 @ 09:35 PM
    Gender
    Lean
    Libertarian - Right
    Posts
    2,147

    Re: Should the U.S. raise taxes to pay off the national debt

    Quote Originally Posted by Cyrylek View Post
    Not really. You can have a two-tier flat tax, for example. Let's say, 0% on the first $50,000/yr and 20% on everything above that.
    That I don't like, because the 50,001st dollar earned is worth less than the 50,000th. Go with a pure flat tax and there is nothing to discourage earning more.
    "With me everything turns into mathematics."
    "It is not enough to have a good mind. The main thing is to use it well."
    "It is truth very certain that, when it is not in one's power to determine what is true, we ought to follow what is more probable." -- Rene Descartes

Page 2 of 3 FirstFirst 123 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
  •