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An easy win in 2012?

FilmFestGuy said:
But tell me why that's absurd. You do know that Reagan's initial top tax rate was 50%, right?

If the top tax rate today were 50% instead of 35%, what do you think someone making $1 million would pay in taxes (given no deductions at all)? I'd like to know.

I'm all for simplification, but the country would not collapse if there were a top tax rate of 50%. Indeed, under Reagan, 50% was supposedly so good it helped him get re-elected. Absurd indeed!
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I believe it absurd to say tax the rich. What is rich? According to another article on this forum, happiness does not increase once a household makes over 75k a year. So is that rich? Also, I don't believe you can just say tax the rich x amount without having everyone contribute. We all use the resources of the government from roads to social security, we should all put in. It is absurd to make a blanket statement of tax the rich.
 
Penderyn said:
Why not just tax the rich at 50%? They can afford it, and no-one else would have to bother.
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You could tax the rich at 100% and we would still have a massive deficit.

The top 10% of all wage earners has a combined AGI of $3.379 trillion, BO is pissing away almost $4 trillion a year. Take every dollar of income from every making $112k or more and we would still have a $500billion deficit.
 
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Blue_State said:
I believe the tax code allowed for more tax loopholes when it was at 70%. I am curious what the actual taxes paid would show if you compared someone during the time of 70% taxes to now.
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Nobody paid 70%, let's start with shooting down that silly liberal talking point.
 
Blue_State said:
Why don't we put people who don't pay taxes into a 4 month servitude (this is equivalent to the amount of time a tax payer has to work during the year for the government) for the state? They can afford it, they have nothing but time on their hands.
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Um... who exactly are you talking about when you say "people who don't pay taxes"...

Unemployed people still pay sales tax.

Everyone pays sales tax, state income tax, federal unemployment insurance, medicare, and other assorted paycheck deductions.

Some people don't OWE money come April 15 because of the marriage tax credit put in place under BUSH. But they still PAID TAXES.

That far-right talking point about 40% of Americans is total b.s., been debunked around here about 20 times.
 
hazlnut said:
Um... who exactly are you talking about when you say "people who don't pay taxes"...

Unemployed people still pay sales tax.

Everyone pays sales tax, state income tax, federal unemployment insurance, medicare, and other assorted paycheck deductions.

Some people don't OWE money come April 15 because of the marriage tax credit put in place under BUSH. But they still PAID TAXES.

That far-right talking point about 40% of Americans is total b.s., been debunked around here about 20 times.
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The actual number is closer 47% and that is used to decribe the number of wage earners that DO NOT PAY ANY FEDERAL INCOME TAXES. You say everyone pays state income taxes.......did you seriously mean that or were you caught up in the moment and typing faster than you were thinking?
 
conservativeguy said:
The actual number is closer 47% and that is used to decribe the number of wage earners that DO NOT PAY ANY FEDERAL INCOME TAXES. You say everyone pays state income taxes.......did you seriously mean that or were you caught up in the moment and typing faster than you were thinking?
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The FAILED and DEBUNKED 47% talking point is so-ooo tiresome.

Everyone pays some form of taxes. Bush gave working class families some tax credits, so they OWE $0.0 on April 15. But there have been deductions from their paychecks every week.


Everyone benefits from public services and safety nets that maintain a standard of living for the working class... especially the ruling class.

I'm all for cutting WASTE and FRAUD, but if you start removing safety nets w/o thought or purpose, the unintended consequences will bite you in the pocketbook.
 
hazlnut said:
The FAILED and DEBUNKED 47% talking point is so-ooo tiresome.

Everyone pays some form of taxes. Bush gave working class families some tax credits, so they OWE $0.0 on April 15. But there have been deductions from their paychecks every week.


Everyone benefits from public services and safety nets that maintain a standard of living for the working class... especially the ruling class.

I'm all for cutting WASTE and FRAUD, but if you start removing safety nets w/o thought or purpose, the unintended consequences will bite you in the pocketbook.
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What part of "federal income taxes" confuses you? Did I say people don't pay other forms of taxes?
 
Penderyn said:
Why not just tax the rich at 50%? They can afford it, and no-one else would have to bother.
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The correct rate for taxable incomes north of $1MM. At that rate, combined with a low cap gains rate, business owners are highly incented to keep money in their business (re-invest and hire) and less incented to take money from their business. Think about it; at a 50% marginal rate, the government matches the business owners investment in each new job.
 
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conservativeguy said:
You could tax the rich at 100% and we would still have a massive deficit.

The top 10% of all wage earners has a combined AGI of $3.379 trillion, BO is pissing away almost $4 trillion a year. Take every dollar of income from every making $112k or more and we would still have a $500billion deficit.
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This is a silly Fox News talking point. No one has ever suggested that you solve the deficit solely by tax increases. Tax increases are just an important part of the mix. Its not a binary proposition; that if you can not solve the whole problem with tax increases, then tax increases should not be suggested.

Hence, arguing that tax increases do not solve 100% of the problem is a very poor argument for not considering tax increases.
 
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Since when has raising taxes resulted in anything other than more spending?

I always hear that we need to raise more revenue. All government ever does is spend more than they are sent. Consistently. Spending must be curbed. I see zero evidence that spending reduction is even in motion.
 
USAMP1970 said:
I question the legitimacy of the government to tax us federal income tax; however with that being said:
I only support a flat tax, and the current tax code needs to be wiped out. For argument sake we will say 15%. All citizens pay 15%. The rich will still pay more. 15% on a million bucks is still more than 15% on a McDonalds salary. Seems fair to me. Corporations and capital gains are 15%. No loopholes no getting out of it. If a company moves jobs to Asia to avoid paying taxes.. then I hope the CEO got his Vietnam citizenship because he is no longer American. If you wanna live here, you gotta pay the piper.
I do not support Herman Cain's 9-9-9 plan. The last 9 I have a problem with. Give the government a new source to tax us and it's only a matter of time before it's 18-18-18.
Regardless if the number is 9% or 15% it will leave a gap in our budget. My answer? Stop spending money like there's no tomorrow! We don't need these wars. We don't need the Department of Education (and at least 4 more). We cannot and should not be a walfare state.
These less bullcrap we do, the less we have to pay in taxes. Spending always results in taxes and debt.
Follow the Constitution and we can get that % number down pretty low.
Yes, you would have to pay more in state taxes, but some states have ways of income so that they don't charge a state income tax.
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I agree with a lot of this. DEfinetly the flat tax. Just pay the percentage whatever it is, stop with all the insane deductions. I disagree somewhat about complete elimination of the department of education, although with that and every other gov department, it needs a complete overhaul and stripdown.
 
hazlnut said:
The FAILED and DEBUNKED 47% talking point is so-ooo tiresome.

Everyone pays some form of taxes. Bush gave working class families some tax credits, so they OWE $0.0 on April 15. But there have been deductions from their paychecks every week.


Everyone benefits from public services and safety nets that maintain a standard of living for the working class... especially the ruling class.

I'm all for cutting WASTE and FRAUD, but if you start removing safety nets w/o thought or purpose, the unintended consequences will bite you in the pocketbook.
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Working class is a communist term. Are you communist?
 
conservativeguy said:
Nobody paid 70%, let's start with shooting down that silly liberal talking point.
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If you reject the official tax rates as were in the law for all those years as something "nobody paid" then please do submit your verifiable data which shows just how much people did pay?
 
conservativeguy said:
What part of "federal income taxes" confuses you? Did I say people don't pay other forms of taxes?
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Ignore him, he's just trying to be difficult. He knows very well the argument has always been about federal income tax.
 
American said:
Working class is a communist term. Are you communist?
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And I suppose if Marx had coined the term "bowel movement" you would not then have them as a committed anti communist?

Simply because Marx discussed the working class as an identifiable group has nothing to do with working class people being communist or anything else other than members of a working class.
 
haymarket said:
And I suppose if Marx had coined the term "bowel movement" you would not then have them as a committed anti communist?

Simply because Marx discussed the working class as an identifiable group has nothing to do with working class people being communist or anything else other than members of a working class.
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But he didn't coin the term bowel movement. You liberals don't like being labeled socialists or communists yet you insist on using all the terminology that goes along with it. The fact that you use the word 'class' all the time is enough to make one puke. It's all part of your hate-the-rich creed; like they don't do any work or something. Steve Jobs and Bill Gates never did a day of work in their lives did they?
 
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American said:
But he didn't coin the term bowel movement. You liberals don't like being labeled socialists or communists yet you insist on using all the terminology that goes along with it. The fact that you use the word 'class' all the time is enough to make one puke. It's all part of your hate-the-rich creed; like they don't do any work or something. Steve Jobs and Bill Gates never did a day of work in their lives did they?
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Many of them dont do any work...and whats pukeable is people that believe that theres no caste system in the USA and a caste system is what creates CLASS's and lets not forget how many rich had it given to them...id bet you believe PARIS HILTON just broke her skinny arse making all those hundreds of millions...give me a break...with your poor downtrodden rich routine.
 
American said:
But he didn't coin the term bowel movement. You liberals don't like being labeled socialists or communists yet you insist on using all the terminology that goes along with it. The fact that you use the word 'class' all the time is enough to make one puke. It's all part of your hate-the-rich creed; like they don't do any work or something. Steve Jobs and Bill Gates never did a day of work in their lives did they?
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The question here is NOT if liberals use communist or socialist lingo. The only question here is were Marx and others correct in identifying social class. Now if you can present some information for all of us to inform us that those folks were wrong - and there is no such thing as class an no such thing as a working class - then you have something to sink your teeth into. If you cannot do that, then all you have is some really inane whining about people using terms that perhaps were partially originated by Marx or others and those terms are very accurate and very real.
 
lpast said:
Many of them dont do any work...and whats pukeable is people that believe that theres no caste system in the USA and a caste system is what creates CLASS's and lets not forget how many rich had it given to them....
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. Prove anything you said in your juvenile wealth envy rant.
 
Many of them dont do any work
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What a wonderfully unqualified statement. Tossing the many in there keeps it nonspecific. Got news for you, people that create a business and a become millionaires through their efforts do indeed work a lot of hours. Go do some research on small business startups and the required workload, because you havent got a clue.
 
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