View Poll Results: How would your life change if the government imposed an additional 5% tax?

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17. You may not vote on this poll
  • It would be way worse. I don't think I'd handle it.

    9 52.94%
  • It would be a little worse but I could handle it.

    4 23.53%
  • My life would be exactly the same as it is now.

    4 23.53%
  • My life would be a lot better. (explain)

    0 0%
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Thread: 5% Additional Tax on Gross Income

  1. #21
    onomatopoeic
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    Re: 5% Additional Tax on Gross Income

    Quote Originally Posted by Deuce View Post
    Why not just give the money to people instead of having them perform useless labor? Unless this is also an exercise plan in disguise to lower healthcare costs?
    Infrastructure is useless?
    In Fact, it's Desperately needed.
    I'm personally sick of not being able to dunk a basketball because of racism.
    anon

  2. #22
    Outer space potato man

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    Re: 5% Additional Tax on Gross Income

    Quote Originally Posted by mbig View Post
    Infrastructure is useless?
    In Fact, it's Desperately needed.
    Digging a hole and then filling it again is not building infrastructure.
    He touched her over her bra and underpants, she says, and guided her hand to touch him over his underwear
    Quote Originally Posted by Lutherf View Post
    We’ll say what? Something like “nothing happened” ... Yeah, we might say something like that.

  3. #23
    onomatopoeic
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    Re: 5% Additional Tax on Gross Income

    Quote Originally Posted by Deuce View Post
    Digging a hole and then filling it again is not building infrastructure.
    Duh yeah
    But that was Only the Nonsensical term foisted by the OP in his attempted partisan Abuse of the Poll section.
    Read the string, or at least the page, you were posting on.
    Last edited by mbig; 05-18-14 at 06:50 PM.
    I'm personally sick of not being able to dunk a basketball because of racism.
    anon

  4. #24
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    Re: 5% Additional Tax on Gross Income

    Quote Originally Posted by vasuderatorrent View Post
    You are correct. This isn't going to happen.
    How did you know?:rol
    l:



    Just a wild guess.

  5. #25
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    Re: 5% Additional Tax on Gross Income

    Quote Originally Posted by mbig View Post
    The jobs may very well have stimulated a better economy by then.
    The tax would solve our two Biggest problems Now: Wealth disparity and lack of Jobs.

    Corps and the wealthy are sitting on record Cash hoards in absolute dollars and percent.
    A 5% tax, even if permanent, somewhat addresses both.

    The 5% need not be phased out completely, maybe dropped to 2%, raised to 6%, or be permanent.
    What it does is take money that is hoarded in .1% T-bills now, and creates more consumers as well as jobs.

    It's quite arguable we do need a permanently more progessive tax based on increased wealth/salary disparity.
    What better way than to create a 5% tax on income over a Million and Earmark it for Infrastructure jobs.
    I see that the left is no longer disguising that they want to redistribute the wealth from the wealthy to the poor.

    As for the OP, it would hurt me lots. Doesn't matter if its going towards something useless or helpful to the general populace.
    I have an answer for everything...you may not like the answer or it may not satisfy your curiosity..but it will still be an answer. ~ Kal'Stang

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  6. #26
    onomatopoeic
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    Re: 5% Additional Tax on Gross Income

    Quote Originally Posted by Kal'Stang View Post
    I see that the left is no longer disguising that they want to redistribute the wealth from the wealthy to the poor.

    As for the OP, it would hurt me lots. Doesn't matter if its going towards something useless or helpful to the general populace.
    I'm not the Left.
    I do have positions on both sides of the spectrum and about 50% of my likes come from the Right.
    My biggest issues on this board are with the Left, or even the liberal PC.
    PCism straddling/including Both parties and one can see it in the DNA of this board.
    There's only a single countable hand of us non-PCers here.

    My stance here is based on MATH. (other issues too: quantitative, or science-based)
    One can't deny, and you didn't take issue with what I see as two biggest problems: Wealth/income disparity and lack of jobs.
    I also proposed this tax on gross income be ONLY on the wealthy (150k or 500k or even 1 mil). NOT on you.
    So you didn't address anything I Posted, just ad-hommed 'Left'.

    Further, on this income disparity/redistribution..
    If one looks at was HAS happened to Top Marginal Rates and Cap Gains/Divs/Estate taxes for the last 30+ Years, it has been toward a more Regressive policy.
    Any attempt to address/reverse the Class Warfare that has been successfully Waged and won by the Rich/Right is Ironically/'Goebbelsianly' called 'Class Warfare' by those with No history, just Hannity.

    ie
    Quote Originally Posted by mbig View Post
    ...
    But I hope we can Reverse somewhat the Class Warfare Viciously Waged and won by Ronald Reagan-omics.
    Who lowered top marginal income tax rates from 70% in 1980 to 28% in 1988.

    Including
    Tax Reform Act of 1986 - Wikipedia, the free encyclopedia

    The top tax rate was lowered from 50% to 28% while the bottom rate was raised from 11% to 15%. Many lower level tax brackets were consolidated, and the upper income level of the bottom rate (married filing jointly) was increased from $5,720/year to $29,750/year. This package ultimately consolidated tax brackets from fifteen levels of income to four levels of income.[1] This would be the Only time in the history of the U.S. income tax (which dates back to the passage of the Revenue Act of 1862) that the top rate was reduced and the bottom rate increased concomitantly. In addition, capital gains faced the same tax rate as ordinary income.
    [......]
    Quote Originally Posted by me
    Historical income tax rates:
    Top US Marginal Income Tax Rates, 1913--2003 (TruthAndPolitics.org)
    Historical rates (married couples, filing jointly)

    Year/ Top Rate%/ Over

    1913 --- 7% 500,000
    1914 --- 7% 500,000
    1915 --- 7% 500,000
    1916 --- 15% 2,000,000
    1917 --- 67% 2,000,000
    1918 --- 77% 1,000,000
    1919 --- 73% 1,000,000
    1920 --- 73% 1,000,000
    1921 --- 73% 1,000,000
    1922 --- 58% 200,000
    1923 --- 43.5% 200,000
    1924 --- 46% 500,000

    1925 --- 25% 100,000
    1926 --- 25% 100,000
    1927 --- 25% 100,000
    1928 --- 25% 100,000
    1929 --- 24% 100,000
    1930 --- 25% 100,000
    1931 --- 25% 100,000
    1932 --- 63% 1,000,000
    1933 --- 63% 1,000,000
    1934 --- 63% 1,000,000
    1935 --- 63% 1,000,000
    1936 --- 79% 5,000,000
    1937 --- 79% 5,000,000
    1938 --- 79% 5,000,000
    1939 --- 79% 5,000,000
    1940 --- 81% 5,000,000
    1941 --- 81% 5,000,000
    1942 --- 88% 200,000
    1943 --- 88% 200,000
    1944--- 94 200,000
    1945 --- 94% 200,000
    1946 --- 86% 200,000
    1947 --- 86% 200,000
    1948 --- 82.% 400,000
    1949 --- 82% 400,000
    1950 --- 84.36% 400,000
    1951 --- 91% 400,000
    1952 --- 92% 400,000
    1953 --- 92% 400,000
    1954 --- 91% 400,000
    1955 --- 91% 400,000
    1956 --- 91% 400,000
    1957 --- 91% 400,000
    1958 --- 91% 400,000
    1959 --- 91% 400,000
    1960 --- 91% 400,000
    1961 --- 91% 400,000
    1962 --- 91% 400,000
    1963 --- 91% 400,000
    1964 --- 77% 400,000
    1965 --- 70% 200,000
    1966 --- 70% 200,000
    1967 --- 70% 200,000
    1968 --- 75.25% 200,000
    1969 --- 77% 200,000
    1970 --- 71.75% 200,000
    1971 --- 70% 60% 200,000
    1972 --- 70% 50 200,000
    1973 --- 70% 50 200,000
    1974 --- 70% 50 200,000
    1975 ----70% 50 200,000
    1976 --- 70% 50 200,000
    1977 --- 70% 50 203,200
    1978 --- 70% 50 203,200
    1979 --- 70% 50 215,400
    1980 --- 70% 50 215,400
    1981 --- 69% 50 215,400
    1982 --- 50% 85,600
    1983 --- 50% 109,400
    1984 --- 50% 162,400
    1985 --- 50 % 169,020
    1986 --- 50 % 175,250
    1987 --- 38.5% 90,000

    1988 --- 28% <8> 29,750 <8>
    1989 --- 28% <8> 30,950 <8>
    1990 --- 28% <8> 32,450 <8>
    1991 --- 31% 82,150
    1992 --- 31% 86,500
    1993 --- 39.6% 89,150
    1994 --- 39.6% 250,000
    1995 --- 39.6% 256,500
    1996 --- 39.6% 263,750
    1997 --- 39.6% 271,050
    1998 --- 39.6% 278,450
    1999 --- 39.6% 283,150
    2000 --- 39.6% 288,350
    2001 --- 39.1% 297,350
    2002 --- 38.6% 307,050
    2003 --- 35% 311,950
    So again, any attempt to reverse this is Perversly called 'Class warfare' or 'Leftist'.
    So we have the Rich and the S&P 500 sitting on record cash hoards with no place/reason to invest because they have all the marbles.
    The middle/poor have no money to buy the goods (computers, cars, low-price-housing, etc) the riches companies make.
    We're dead in the water unless we unlock the log-jam of wealth. (aka, no 'velocity')
    Last edited by mbig; 05-18-14 at 08:08 PM.
    I'm personally sick of not being able to dunk a basketball because of racism.
    anon

  7. #27
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    Re: 5% Additional Tax on Gross Income

    If you're proposing to raise my taxes by some amount, you better be willing to raise your own and everyone elses by the same amount. That's only fair.

  8. #28
    Professor

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    Re: 5% Additional Tax on Gross Income

    Quote Originally Posted by vasuderatorrent View Post
    How would your life change if the federal government imposed a 5% tax on your gross income without any deductions? The proceeds would pay for digging deep holes, covering them up, digging the holes again and then covering them up again.

    Would your life be a lot better? about the same? or way worse?
    That would absorb nearly every penny that I am able to contribute to an IRA, meaning I would have no hope of saving for retirement. I would become an elderly dependent of the state, with my life and sustenance in the hands of dishonorable and ruthless politicians. NO thanks.
    "It is only when men contemplate the greatness of God that they can come to realize their own inadequacy." Jean Calvin

  9. #29
    warrior of the wetlands
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    Re: 5% Additional Tax on Gross Income

    why would any sane person want this wasteful government taking any more money from ANYONE



  10. #30
    warrior of the wetlands
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    Re: 5% Additional Tax on Gross Income

    Quote Originally Posted by mbig View Post
    The jobs may very well have stimulated a better economy by then.
    The tax would solve our two Biggest problems Now: Wealth disparity and lack of Jobs.

    Corps and the wealthy are sitting on record Cash hoards in absolute dollars and percent.
    A 5% tax, even if permanent, somewhat addresses both.

    The 5% need not be phased out completely, maybe dropped to 2%, raised to 6%, or be permanent.
    What it does is take money that is hoarded in .1% T-bills now, and creates more consumers as well as jobs.

    It's quite arguable we do need a permanently more progessive tax based on increased wealth/salary disparity.
    What better way than to create a 5% tax on income over a Million and Earmark it for Infrastructure jobs.
    how about imposing it on those who want more government or those who want the rich to pay more?



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