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| Topic: Obama Plans to Close Tax Loopholes | |
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And you cant just charge a flat percentage on income.
Just throw some numbers out, 25%, 25% of a million is $250.000, where as 25% of $20.000 is $5,000! Is that fair? |
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And you cant just charge a flat percentage on income. Just throw some numbers out, 25%, 25% of a million is $250.000, where as 25% of $20.000 is $5,000! Is that fair? That is definitely a difference. |
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well if you want to go to the constitution in its original form
the way the federal govt was to raise mone y was ------------------ Article I - The Legislative Branch Note Section 8 - Powers of Congress The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform throughout the United States; -------------------- those are taxes on goods so it is not a new idea ------------------------ The glossary from the U.S. Treasury Dept’s International Trade Data System http://www.itds.treas.gov/printglossaryfrm.html defines duty as “a tax levied by a government on the import or export of goods,” imposts as “a tax, especially an import duty,” and excise taxes as “taxes on the manufacture, sale, or consumption of goods, or upon licenses to pursue certain occupations, or upon corporate privileges,” http://library.duke.edu/blogs/answerperson/2004/10/04/taxes-duties-imposts-and-excises/ --------------------- income tax was imo a way to protect the rich from paying their tax as originally designed by those that approved the constitution |
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Time to hit on the phones and emails. This was one of the bigger reasons I voted for Obama. If we can pull this off it will be a win-win!! I say we because it will take everyone calling, and emailing, and generally demanding our representatives vote YES! That's the only thing that can break the corporation's grip on our government. It wont be easy but who'd ever thought we'd elect a black man as President in our lifetime. It can be done, but it will take a concerted effort by WE. The people! Obama cant do it on his own! It is foolish to believe that nothing will change but the income to the government. The companies that oursource, while many ***** and moan about it, do so in order to keep prices lower (including those who ***** and moan). If we increase taxes on companies that outsource, that changes the bottom line. There are three options to increase profits and three options only: increase sales (totally out of their control), decrease expenses (the opposite of which will happen with tax increases - expect job cuts to make this happen), and increase price. The third is the easiest, along with the second when you cut jobs and make everyone else work harder. It's not as simple as our fearless leader wishes it to be. It's basic business and economics. |
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Edited by
AndrewAV
on
Mon 05/04/09 05:47 PM
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actually the best way to close loop hole is to charge a flat sales tax and quit charging corp taxes at all corp taxes are just passed on to the consumer so you pay tax on the money when you make it then you pay taxes companies pays when you buy it expect price increases on the products those companies that get loop holes closed on and the govt complains about double dipping That's mad-talk! A flat tax is not fair! The only "fair" tax is to charge everyone a set amount. That is the closest to fair you are going to get, but even that is not fair because some use more government services than others. The poor get social programs and the rich have more property (and theoretically get more from the police/etc protecting it), for example. There is never a fair tax. There never will be because the level required in order to get the required income is somewhere around the poverty line. some will owe more than they make. however, what we have now is just total bullsh*t. Punishing success makes zero sense. |
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The only "fair" tax is to charge everyone a set amount. That is the closest to fair you are going to get, but even that is not fair because some use more government services than others. The poor get social programs and the rich have more property (and theoretically get more from the police/etc protecting it), for example. There is never a fair tax. There never will be because the level required in order to get the required income is somewhere around the poverty line. some will owe more than they make. however, what we have now is just total bullsh*t. Punishing success makes zero sense.
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 A percentage is a fair tax
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the more of the american dream you get
why is it not fair that you pay the same percentage for it as the person that did not get as much of the dream after all it is the american dream the more you get of it the more you should pay for it just as the constitution was set up for it to be the more of the american dream you earn the more you cost the american govt |
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actually the best way to close loop hole is to charge a flat sales tax and quit charging corp taxes at all corp taxes are just passed on to the consumer so you pay tax on the money when you make it then you pay taxes companies pays when you buy it expect price increases on the products those companies that get loop holes closed on and the govt complains about double dipping I've heard that proposal before besides the other comments made here one estimate I read said the sales tax would need to be in the neighborhood of 50%. Whether it comes out to the same money out of your pocket or not the public backlash would be unbelievable. |
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well if you want to go to the constitution in its original form the way the federal govt was to raise mone y was ------------------ Article I - The Legislative Branch Note Section 8 - Powers of Congress The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform throughout the United States; -------------------- those are taxes on goods so it is not a new idea ------------------------ The glossary from the U.S. Treasury Dept’s International Trade Data System http://www.itds.treas.gov/printglossaryfrm.html defines duty as “a tax levied by a government on the import or export of goods,” imposts as “a tax, especially an import duty,” and excise taxes as “taxes on the manufacture, sale, or consumption of goods, or upon licenses to pursue certain occupations, or upon corporate privileges,” http://library.duke.edu/blogs/answerperson/2004/10/04/taxes-duties-imposts-and-excises/ --------------------- income tax was imo a way to protect the rich from paying their tax as originally designed by those that approved the constitution And they did by way of the FED as a National Banking system! |
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You cant go around ad-libbing and quoting the constitution piece meal and expect to get the true meaning of the document!
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actually the best way to close loop hole is to charge a flat sales tax and quit charging corp taxes at all corp taxes are just passed on to the consumer so you pay tax on the money when you make it then you pay taxes companies pays when you buy it expect price increases on the products those companies that get loop holes closed on and the govt complains about double dipping That's mad-talk! A flat tax is not fair! explain that please and i said a flat sales tax those that make more spend more thaose that make less than 15k or whatever number could get an 80% return (all they have to do is send in their w2) An 80% return of what? I thought you wanted to drop income taxes? |
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Edited by
Fanta46
on
Mon 05/04/09 06:12 PM
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Time to hit on the phones and emails. This was one of the bigger reasons I voted for Obama. If we can pull this off it will be a win-win!! I say we because it will take everyone calling, and emailing, and generally demanding our representatives vote YES! That's the only thing that can break the corporation's grip on our government. It wont be easy but who'd ever thought we'd elect a black man as President in our lifetime. It can be done, but it will take a concerted effort by WE. The people! Obama cant do it on his own! It is foolish to believe that nothing will change but the income to the government. The companies that oursource, while many ***** and moan about it, do so in order to keep prices lower (including those who ***** and moan). If we increase taxes on companies that outsource, that changes the bottom line. There are three options to increase profits and three options only: increase sales (totally out of their control), decrease expenses (the opposite of which will happen with tax increases - expect job cuts to make this happen), and increase price. The third is the easiest, along with the second when you cut jobs and make everyone else work harder. It's not as simple as our fearless leader wishes it to be. It's basic business and economics. Evidently you dont understand the purpose of a Protective Tariff. Protective tariffs make prices of foreign goods equal, and competition for the American Market equal! Corps will ***** but they arent going to give up 60% of their market as long as they are still competitive in that market! What will happen is our jobs will stay, our trade deficit will decrease, and the value of the USD will increase! |
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actually the best way to close loop hole is to charge a flat sales tax and quit charging corp taxes at all corp taxes are just passed on to the consumer so you pay tax on the money when you make it then you pay taxes companies pays when you buy it expect price increases on the products those companies that get loop holes closed on and the govt complains about double dipping That's mad-talk! A flat tax is not fair! explain that please and i said a flat sales tax those that make more spend more thaose that make less than 15k or whatever number could get an 80% return (all they have to do is send in their w2) An 80% return of what? I thought you wanted to drop income taxes? 80% return on the 10% of the income you probably spent on sales tax why only 80% you ask because we all know that some cash deals are made and thus you did not pay the sales tax on that money |
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You cant go around ad-libbing and quoting the constitution piece meal and expect to get the true meaning of the document! explain that line and why you said it if you are talking about my post on how the govt is supposed to raise money the other parts are not relevant why psot the term of those in office and age restrictions you have made many broad statements and failed to explain them when asked example your mad talk remark |
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You're running in circles so much Im getting dizzy!
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Big news today. By next week we'll have another pandemic and it'll all be forgotten about.
How many empty promises does that make now? And if it does happen, how much will it cost the American in those Taxes shifted to the consumer. The importer won't just eat the added Tax, don't ya', kmow. |
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You cant go around ad-libbing and quoting the constitution piece meal and expect to get the true meaning of the document! explain that line and why you said it if you are talking about my post on how the govt is supposed to raise money the other parts are not relevant why psot the term of those in office and age restrictions you have made many broad statements and failed to explain them when asked example your mad talk remark Are you just looking for an argument or do you want an honest debate? I can give you an honest debate but picking an argument is unapproved! |
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You're running in circles so much Im getting dizzy!
and again you avoid making a relevant statement |
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The only "fair" tax is to charge everyone a set amount. That is the closest to fair you are going to get, but even that is not fair because some use more government services than others. The poor get social programs and the rich have more property (and theoretically get more from the police/etc protecting it), for example. Hmm a flat tax, well let's see about that, our budget in 2008 was 2979 billion dollars (I think we actually spent more than that, but that was the budget) according to the census there were 301,621,157 people in the us (now of course some of those weren't citizens and probably would get out of paying anything. Any we divide that our and it comes out to just under 10k for every man woman and child. what do we say to those people earning less that 10k, "I'm sorry you owe more money to the government"... and God help the family earning under 60 or 70k trying to support a typical family of 4. Nope I don't see that working so well.
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