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Thread: Would you support increasing taxes to pay down the national debt?

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    Re: Would you support increasing taxes to pay down the national debt?

    Quote Originally Posted by CriticalThought View Post
    Simple question. Everyone loves to complain about the national debt, but who here would actually support a tax increase to pay it off?
    Are you guessing if the Democrats win?

    I would at least repeal the Trump tax cuts.

    We must cut military and health care by fifty percent (50% ) and the only way to do this is to go Federally Vegan.

    If I was running I would say to you I would raise everybody's taxes.

    I want to pay what flat rate will pay debt although, I'll probably need a raise.

    What's so special about the middle class?

    Everybody should just pay and I not have my Government telling me to get married or buy a house.

    Do you know what percentage of GDP we need to pay debt?

    How are we going to get this?
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    Re: Would you support increasing taxes to pay down the national debt?

    Quote Originally Posted by Exquisitor View Post

    I would at least repeal the Trump tax cuts.
    Why repeal the tax cuts? Is the 3.5 trillion theyre taking not enough already? Per person spending is increasing faster than population growth. Which means govt is more expensive for each person. Even as less people are paying taxes.

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    Re: Would you support increasing taxes to pay down the national debt?

    Quote Originally Posted by jonny5 View Post
    Why repeal the tax cuts? Is the 3.5 trillion theyre taking not enough already? Per person spending is increasing faster than population growth. Which means govt is more expensive for each person. Even as less people are paying taxes.

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    stunning how so many radicals ignore the information you just posted along with the fact that approximately 50% of income earners pay ZERO in Federal Income Taxes yet the claim is the rich aren't paying enough. I am far from being in that rich category but do pay my taxes and do celebrate successes of other. Class envy, jealousy mark the radical Democratic Party of today. Interesting how so many liberals want the tax cuts repealed but haven't sent their back or is it possible that those who want the tax cuts repealed are the ones NOT paying any FIT?

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    Re: Would you support increasing taxes to pay down the national debt?

    I support raising taxes in the following areas:
    1- every single person who makes dollar one on up should have their rate raised by five full points
    2- all money going into a persons account or pockets should be taxed according to the same schedule with no such favorable rate for tools of the upper class like capital gains
    3- all person should pay the full FICA tax on 100% of their earnings and income
    4- a 1% transaction tax on all stock market purchases and sales of stock
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    Re: Would you support increasing taxes to pay down the national debt?

    Quote Originally Posted by CriticalThought View Post
    Simple question. Everyone loves to complain about the national debt, but who here would actually support a tax increase to pay it off?
    Taxes cannot possibly be increased enough to pay off the national debt. There is little telling what our politicians will end up doing when they are finally forced to deal with the unsustainable debt. There is only one viable solution and that is to implement severe austerity measures, something I don't think very many Americans are prepared to consider.

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    Re: Would you support increasing taxes to pay down the national debt?

    Quote Originally Posted by haymarket View Post
    I support raising taxes in the following areas:
    1- every single person who makes dollar one on up should have their rate raised by five full points
    2- all money going into a persons account or pockets should be taxed according to the same schedule with no such favorable rate for tools of the upper class like capital gains
    3- all person should pay the full FICA tax on 100% of their earnings and income
    4- a 1% transaction tax on all stock market purchases and sales of stock
    We need to make Congress ( doesn't matter what party is in control ) not spend more then we take in. a Balanced budget amendment that we keep to.
    Then Fix our national tax code so that Large Corporations don't get away without paying any US Income taxes.
    it is now according to the GAO in 2017 43% of all US Corporations that made over a million dollars in US Profits ( some in the Billions ) did NOT pay one cent in US Income taxes in 2017
    and a lot of them got tax benefits to carry over to the next year so they don't pay on that amount of money the next year up to 5 year carry over.
    and that 42% is going to go up this year the GAO estimates it will be in the area of 65% of all Corporations that make over a million dollars in US Profits will not pay a CENT
    in US income taxes.
    I don't know about you but I am retired and on SS and I really don't like the fact that I pay more in US income taxes then a large Corporation that is making million if not Billions in US Profits.
    It is not fair to the other 35% of Corporations to be paying US income taxes when 65% aren't
    I believe they should re do the tax laws and make it where these Corporations do not get the deductions and carryovers they do now and have them pay a flat tax to the amount of say 10% of their total profits.
    That would reduce the amount of taxes that the Corporations that do pay US income taxes have to pay and make large Corporations like GE pay something
    I have asked many right wingers how it feels to pay more in US income taxes then these large Corporations do and haven't got any answers
    We could also have a National sales tax say of one percent and have it dedicated to just paying off the debt.
    IF we have a balanced budget and make it where we can not spend more then we take in and have a sales tax dedicated to just paying off the debt and when it does finally get paid off drop it
    we would all be better off
    Have a nice day

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    Re: Would you support increasing taxes to pay down the national debt?

    Quote Originally Posted by Tbird19482 View Post
    We need to make Congress ( doesn't matter what party is in control ) not spend more then we take in. a Balanced budget amendment that we keep to.
    Then Fix our national tax code so that Large Corporations don't get away without paying any US Income taxes.
    it is now according to the GAO in 2017 43% of all US Corporations that made over a million dollars in US Profits ( some in the Billions ) did NOT pay one cent in US Income taxes in 2017
    and a lot of them got tax benefits to carry over to the next year so they don't pay on that amount of money the next year up to 5 year carry over.
    and that 42% is going to go up this year the GAO estimates it will be in the area of 65% of all Corporations that make over a million dollars in US Profits will not pay a CENT
    in US income taxes.
    I don't know about you but I am retired and on SS and I really don't like the fact that I pay more in US income taxes then a large Corporation that is making million if not Billions in US Profits.
    It is not fair to the other 35% of Corporations to be paying US income taxes when 65% aren't
    I believe they should re do the tax laws and make it where these Corporations do not get the deductions and carryovers they do now and have them pay a flat tax to the amount of say 10% of their total profits.
    That would reduce the amount of taxes that the Corporations that do pay US income taxes have to pay and make large Corporations like GE pay something
    I have asked many right wingers how it feels to pay more in US income taxes then these large Corporations do and haven't got any answers
    We could also have a National sales tax say of one percent and have it dedicated to just paying off the debt.
    IF we have a balanced budget and make it where we can not spend more then we take in and have a sales tax dedicated to just paying off the debt and when it does finally get paid off drop it
    we would all be better off
    Have a nice day
    I am in favor of making sure that all corporations pay their rightful share of taxes. And I would support changes in the law to remove or close those sort of loopholes and exceptions that you cited in your post.

    Would you have exceptions to your balanced budget amendment. For example, out nation in the Thirties and Forties ran up huge deficits - but for what many considered a necessary cause.
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    Re: Would you support increasing taxes to pay down the national debt?

    Quote Originally Posted by Tbird19482 View Post
    We need to make Congress ( doesn't matter what party is in control ) not spend more then we take in. a Balanced budget amendment that we keep to.
    Then Fix our national tax code so that Large Corporations don't get away without paying any US Income taxes.
    it is now according to the GAO in 2017 43% of all US Corporations that made over a million dollars in US Profits ( some in the Billions ) did NOT pay one cent in US Income taxes in 2017
    and a lot of them got tax benefits to carry over to the next year so they don't pay on that amount of money the next year up to 5 year carry over.
    and that 42% is going to go up this year the GAO estimates it will be in the area of 65% of all Corporations that make over a million dollars in US Profits will not pay a CENT
    in US income taxes.
    I don't know about you but I am retired and on SS and I really don't like the fact that I pay more in US income taxes then a large Corporation that is making million if not Billions in US Profits.
    It is not fair to the other 35% of Corporations to be paying US income taxes when 65% aren't
    I believe they should re do the tax laws and make it where these Corporations do not get the deductions and carryovers they do now and have them pay a flat tax to the amount of say 10% of their total profits.
    That would reduce the amount of taxes that the Corporations that do pay US income taxes have to pay and make large Corporations like GE pay something
    I have asked many right wingers how it feels to pay more in US income taxes then these large Corporations do and haven't got any answers
    We could also have a National sales tax say of one percent and have it dedicated to just paying off the debt.
    IF we have a balanced budget and make it where we can not spend more then we take in and have a sales tax dedicated to just paying off the debt and when it does finally get paid off drop it
    we would all be better off
    Have a nice day
    We dont have a tax problem, so thats all moot. We spend too much. Why do you have 10 suggestions to make us pay more taxes, and not a single one to spend less?

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    Re: Would you support increasing taxes to pay down the national debt?

    Quote Originally Posted by haymarket View Post
    I am in favor of making sure that all corporations pay their rightful share of taxes. And I would support changes in the law to remove or close those sort of loopholes and exceptions that you cited in your post.

    Would you have exceptions to your balanced budget amendment. For example, out nation in the Thirties and Forties ran up huge deficits - but for what many considered a necessary cause.
    I think there may have to be exceptions ex some body attacks us like in WWII and maybe a deep recession or Depression
    but otherwise it should hold our Government to only spending what we take in and not run deficits and run up the debt
    Have a nice day

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    Re: Would you support increasing taxes to pay down the national debt?

    Quote Originally Posted by jonny5 View Post
    We dont have a tax problem, so thats all moot. We spend too much. Why do you have 10 suggestions to make us pay more taxes, and not a single one to spend less?
    Please go back and reread my FIRST paragraph.
    We need a balanced budget amendment that forces our government to NOT spend more then they take in
    and make it enforceable
    IF there is a deep Recession or a Depression or somebody attacks us like in WWII then we could run a deficit other wise not.
    and again I have to ask do you like paying MORE in US income taxes then a large Corporation that is making Billions in US profits?
    I don't and I am retired and on SS
    Have a nice day

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