View Poll Results: Which do you prefer:

Voters
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  • Income tax - no changes in the status quo

    39 19.80%
  • Flat tax - Everyone pays the same %

    67 34.01%
  • National sales tax - don't spend, you don't pay taxes

    47 23.86%
  • No tax - Unconstitutional - rely on private donations

    10 5.08%
  • Other - explain

    21 10.66%
  • Cookies!

    13 6.60%
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Thread: Income tax; Flat tax; National Sales tax; No tax

  1. #111
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    RightinNYC's Avatar
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    Re: Income tax; Flat tax; National Sales tax; No tax

    Quote Originally Posted by Catawba View Post
    Your figures only show income and not other assets of wealth that are sheltered.
    And we're not talking about taxing wealth, nor does the Constitution allow for it, so I don't really care who is wealthier. We're talking about income. If you have anything that would contradict what I've said on that so far, feel free to point it out.

    "The top 5 percent own more than half of all wealth.

    In 1998, they owned 59 percent of all wealth. Or to put it another way, the top 5 percent had more wealth than the remaining 95 percent of the population, collectively.
    And the top 5% also pay 60.63% of federal income tax, so once again, they're paying an amount disproportionate to their share. Did you even read my post?

    The top 20 percent owns over 80 percent of all wealth. In 1998, it owned 83 percent of all wealth."
    Wealth and Income Inequality in the USA

    This disparity has only grown since due to the Bush tax cuts for the wealthy.
    And again, the top 20% pays more than 80% of all federal income taxes. Also, why don't you go back and reread what you just wrote. How exactly has the disparity grown under Bush if it went from 83% in 1998 to just over 80% in 2003?

    Quote Originally Posted by Harry Guerrilla View Post
    In this thread I hear the violins bellowing for poor people quite frequently.

    How much of a yearly income do you all think is "poor?"
    Depends on the area. In a rural-ish place like where I grew up, I'd say something like $15,000 for a single person. In someplace like NYC, I'd probably say $25,000.

    Quote Originally Posted by Maximus Zeebra View Post
    What? The system in the US now benefits the rich who pays much less a percentage of their income/winnings in tax than does the middle class and the lower class.
    As pointed out above, the rich actually pay a much higher percentage of their income in federal income taxes than do the middle or lower classes.
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  2. #112
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    Catawba's Avatar
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    Re: Income tax; Flat tax; National Sales tax; No tax

    Quote Originally Posted by AlbqOwl View Post
    They didn't do away with social security or medicare when they were in control because a) they were wimps and didn't want to take the political heat
    And which politicians are making claims today that their plans are to do away with SS and Medicare?

    and b) they did not want to cause the unbelievable suffering that would have caused.
    Exactly, that is why no one except the fringe far right is calling for their removal.
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

  3. #113
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    Re: Income tax; Flat tax; National Sales tax; No tax

    Quote Originally Posted by reefedjib View Post
    A very nice explanation. But why is that considered regressive? You want investments to be untaxed to create businesses and jobs. Poor people use more services from the government and ought to pay a more equitable share.
    Contrary to popular thought, poor people do pay taxes through out the year.

    When people say its regressive that do so without knowing the reality of the situation, at least in my opinion.
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
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  4. #114
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    Re: Income tax; Flat tax; National Sales tax; No tax

    Chocolate Chip, please.
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  5. #115
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    Re: Income tax; Flat tax; National Sales tax; No tax

    Quote Originally Posted by Harry Guerrilla View Post
    In this thread I hear the violins bellowing for poor people quite frequently.

    How much of a yearly income do you all think is "poor?"
    Don't expect an answer, I've asked this same question several times over the years and never get a straight answer.
    Fool me once, shame on you.
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  6. #116
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    Re: Income tax; Flat tax; National Sales tax; No tax

    Quote Originally Posted by TheGirlNextDoor View Post
    Don't expect an answer, I've asked this same question several times over the years and never get a straight answer.
    Poor to some people is being unable to buy your kid a PS3 for Christmas.

  7. #117
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    Re: Income tax; Flat tax; National Sales tax; No tax

    Quote Originally Posted by TheGirlNextDoor View Post
    Don't expect an answer, I've asked this same question several times over the years and never get a straight answer.
    I really don't expect much but to some it up, poverty is relative.

    There is a very small defined line of what could really be considered poor but even then its someone choosing to be poor.
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
    —Adam Shepard

  8. #118
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    Re: Income tax; Flat tax; National Sales tax; No tax

    Quote Originally Posted by Ethereal View Post
    Poor to some people is being unable to buy your kid a PS3 for Christmas.
    The poor answer I normally get is one that deals with living WAY beyond their means and have accumulated incredibly high income to debt ratio.... so yes, the PS3 is how some define poor.. as they are driving away in their Lexus or Lincoln Navigator that they were upside down in before leaving the car lot.
    Fool me once, shame on you.
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  9. #119
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    Re: Income tax; Flat tax; National Sales tax; No tax

    Quote Originally Posted by TheGirlNextDoor View Post
    The poor answer I normally get is one that deals with living WAY beyond their means and have accumulated incredibly high income to debt ratio.... so yes, the PS3 is how some define poor.. as they are driving away in their Lexus or Lincoln Navigator that they were upside down in before leaving the car lot.
    I've been upside down in a Lexus before. Oh, you meant on a loan.

    Nevermind.
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  10. #120
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    Re: Income tax; Flat tax; National Sales tax; No tax

    Quote Originally Posted by TheGirlNextDoor View Post
    The poor answer I normally get is one that deals with living WAY beyond their means and have accumulated incredibly high income to debt ratio.... so yes, the PS3 is how some define poor.. as they are driving away in their Lexus or Lincoln Navigator that they were upside down in before leaving the car lot.
    In my microeconomics class we were discussing wants vs. needs and the teacher asked me to give some examples of both.

    I said some needs were food, water, shelter, and clothing. I started listing wants with TV and this elicited a collective gasp from the class. The guy in front of me was particularly incensed.

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