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. #731
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    Re: Income tax; Flat tax; National Sales tax; No tax

    Quote Originally Posted by Catawba View Post
    so what-being a stockholder of both, i paid taxes on what I received from my investment



  2. #732
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    Re: Income tax; Flat tax; National Sales tax; No tax

    Quote Originally Posted by mbig View Post
    1. How did he accumulate his Billions Auntie?

    Hint: He merely bought companies and and parts of companies and rode them up. All the while paying Less taxes that those that work for a living.
    And he knows it's unfair that investing for a living (creating Nothing) and getting taxed less because of it.
    He's Still doing the same thing.

    2. He's hardly alone in any case! Take this working Wharton professor who Repeated his experiment and tells us of Buffett's Challenge to EVERY Forbes 400 CEO.
    And this guy is no zillionaire.

    Taxes, Warren Buffett, and Paying My Fair Share
    By JUSTIN WOLFERS
    Taxes, Warren Buffett, and Paying My Fair Share - NYTimes.com



    So Auntie.. watcha say now?
    Buffett paid LESS TAXES THAN THOSE WHO 'WORK' FOR A LIVING

    OMG MORE LIES



  3. #733
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    Re: Income tax; Flat tax; National Sales tax; No tax

    i WONDER how much extra Buffett and those wealthy dem party suck ups send to the government. when you are as rich as Buffett all that is left is power and its obvious where he thinks he will get more power



  4. #734
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    Re: Income tax; Flat tax; National Sales tax; No tax

    More Turtle Dude EMPTY Harrassment above.
    NEVER any substance in his barrage posting/last-wording.
    Just Daily 2-line partisan hackery trying to shout down Substantial opponents and debate.
    A great disservice and discredit to this board.

    - - - -

    Your real tax rate: 40%
    2/21/2007
    By Scott Burns
    http://articles.moneycentral.msn.com...TaxRate40.aspx


    Income taxes, sales taxes, property taxes, Social Security and Medicare taxes, 'sin' taxes and the rest add up to a virtual Flat tax nationwide.


    We Have a national flat tax, albeit one with bumps and potholes.

    The fact that the political parties won't acknowledge this is one reason they are doing a disservice to the voting public.

    Instead, both parties have a vested interest in the theatrical possibilities created by the idea of graduated tax rates. Notice that I said "the idea of" graduated tax rates. That should not be confused with reality.
    [......]
    Politicians talk this way because they generally talk about only one tax: the federal income tax, which offers graduated rates from 10% to 35%.

    Politicians rarely talk about what real people experience: the true maze of taxes and government benefits. If someone put them all together, we could see what our actual tax burden was. We could see who pays at the highest or lowest rates. Discussions of tax policy wouldn't be a waste of time.

    Well, two researchers did it.

    In a study for the National Bureau of Economic Research, Boston University economists Laurence J. Kotlikoff and David Rapson have found that our all-in marginal tax rate is 40%, give or take a bit. Yes, you read that right: 40%.

    Most workers will pay about that much on each dollar of income when all taxes -- federal and state income taxes, sales taxes, taxes for benefit programs, etc. -- are considered.

    As a consequence, a 30-year-old couple earning only $20,000 a year has a marginal tax rate of 42.5%, while a 45-year-old couple earning $500,000 pays at 43.2%..."
    and of course Eliminating the only part of the Tax System that is progressive, Income Taxes, would result in the Effective rate of the Poor/Middle being even higher than the rich.
    Last edited by mbig; 01-28-11 at 02:38 AM.
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  5. #735
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    Re: Income tax; Flat tax; National Sales tax; No tax

    Quote Originally Posted by TurtleDude View Post
    why is there a gap? its not that we tax the rich too little-its that those at the bottom aren't engaging in activities that make them more valuable

    spawning like rabbits, dropping out of HS and doing drugs is the major causes of poverty

    nothing to blame the rich for
    Yes it is exactly because we are taxing the rich too little. The progressive tax system designed by our forefathers has been gutted with a huge transfer of the taxation for the wealthiest to the middle class. Please explain the voodoo economics that you surely must employ to claim that shifting more of the tax burden from the upper class to the middle class has no effect on the income gap?
    Last edited by Catawba; 01-28-11 at 02:55 AM.
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    Re: Income tax; Flat tax; National Sales tax; No tax

    Quote Originally Posted by TurtleDude View Post
    so what-being a stockholder of both, i paid taxes on what I received from my investment
    I guess its just too bad we have a $14 trillion dollar debt that we are barely keeping up with and now 1 out 7 Americans are now below the poverty line. But hey, it sure is nice the wealthy are doing so well, huh? But sure, try to pile even more of the tax burden on the middle class through a flat tax, fuel the class war even more.
    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

  7. #737
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    Re: Income tax; Flat tax; National Sales tax; No tax

    Quote Originally Posted by mbig View Post
    1. How did he accumulate his Billions Auntie?

    Hint: He merely bought companies and and parts of companies and rode them up. All the while paying Less taxes that those that work for a living.
    And he knows it's unfair that investing for a living (creating Nothing) and getting taxed less because of it.
    He's Still doing the same thing.

    2. He's hardly alone in any case! Take this working Wharton professor who Repeated his experiment and tells us of Buffett's Challenge to EVERY Forbes 400 CEO.
    And this guy is no zillionaire.

    Taxes, Warren Buffett, and Paying My Fair Share
    By JUSTIN WOLFERS
    Taxes, Warren Buffett, and Paying My Fair Share - NYTimes.com



    So Auntie.. watcha say now?
    What you posted doesn't negate my post.
    I was simply pointing out that income is only a portion of someone's actual wealth and economic 'standing' in the country. Just like brushing your teeth is only part of your dental hygiene.

    We could take 100% of his fluid income in taxes and he's still net massive gains in all these other areas- thus - there are property and other taxes, etc etc, not based on fluid income.
    A screaming comes across the sky.
    It has happened before, but there is nothing to compare it to now.
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  8. #738
    onomatopoeic
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    Re: Income tax; Flat tax; National Sales tax; No tax

    Quote Originally Posted by Aunt Spiker View Post
    What you posted doesn't negate my post.
    I was simply pointing out that income is only a portion of someone's actual wealth and economic 'standing' in the country. Just like brushing your teeth is only part of your dental hygiene.

    We could take 100% of his fluid income in taxes and he's still net massive gains in all these other areas- thus - there are property and other taxes, etc etc, not based on fluid income.
    I'm afraid it does.
    the whole point of the discussion was whether or not he was some Giant Exception (you said because of years of accumulation).
    But it turns out That..
    1. He even was able to accumulate that money DUE to lower capital gains rates vs Income tax rates.
    2. He's NOT an exception, but has made the challenge to the Forbes 400 CEOs. NONE of whom took him up on it.
    3. The Wharton professor who wrote artice, not coincidentally, found the same thing in his office/staff.
    Last edited by mbig; 01-28-11 at 04:53 AM.
    I'm personally sick of not being able to dunk a basketball because of racism.
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  9. #739
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    Re: Income tax; Flat tax; National Sales tax; No tax

    Quote Originally Posted by TurtleDude View Post
    so what-being a stockholder of both, i paid taxes on what I received from my investment
    so what? so what! SO WHAT!?!?!?!?
    How very typical of the elitist attitude sitting back sucking up to corporations and suckling upon them for enrichment. You could not care less that these billion dollar corporations find ways to cheat the American people and the American government as long as you get what you feel is yours from them. That type of attitude is what is killing America.

    And at what rate did you pay these taxes on your investment?
    __________________________________________________ _
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  10. #740
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    Re: Income tax; Flat tax; National Sales tax; No tax

    Quote Originally Posted by mbig View Post
    More Turtle Dude EMPTY Harrassment above.
    NEVER any substance in his barrage posting/last-wording.
    Just Daily 2-line partisan hackery trying to shout down Substantial opponents and debate.
    A great disservice and discredit to this board.

    - - - -

    Your real tax rate: 40%
    2/21/2007
    By Scott Burns
    Your real tax rate: 40% - MSN Money


    Income taxes, sales taxes, property taxes, Social Security and Medicare taxes, 'sin' taxes and the rest add up to a virtual Flat tax nationwide.



    and of course Eliminating the only part of the Tax System that is progressive, Income Taxes, would result in the Effective rate of the Poor/Middle being even higher than the rich.
    why do you advocates of taking more money from the rich engage in such DISHONESTY

    the issue is the federal tax system which is mainly income taxes (and for the most industrious) the death tax. and the top 1% pay more of the income tax than the bottom 95%

    what the states do is not really relevant given you can, as an American citizen-lessen that burden by your lifestyle or where you move.

    and what you and your ilk ignore is actual dollars. you engage in that sophistry that taxes should be based on from each according to their ability rather like EVERYTHING ELSE WE PAY FOR-what you GET



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