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You have not yet explained to me how net worth would be calculated. For example, my last home cost me $132K, it was appraised at $150K, $220K, $240K, $250K, $220K, (yes, we needed 4 appraisals) tax assessed at $224K, but appealed for $150K,
Which value would I now be "taxed" at?
exactly..the tiny farm house my parents bought in 1964 for 15k...just(07) sold at 480k
I didn't call you a name - you are inferring that. Not believing in the document that gave a nation and a people the greatest level of freedom, opportunity and prosperity found on earth is stupidity - unless, perhaps, you are tyrant-in-waiting.
I do very much appreciate your sincere compliment of referring to me as a constitutionalist. It is a badge of honor I bear with great pride.
Ron Paul is not my first choice for the GOP Presidential candidate. In the primary, I have not decided who I will support. However, in the General, I will vote for the GOP candidate whoever that may be.
To me, removing Obama from office is America's Job #1.
They will just keep bringing the number down. It's down to 250,000 now. They'll just lower it when they want more money. Besides, you shouldn't do anything as a "concession" or to "put the screws to someone". That's vindictive and unjust and will always backfire.
Concession and putting the screws is the bread and butter of Washington, D.C.
If it can not respect the rights of a "rich" individual, then it certainly will not respect the rights of a "poor" one. Individual liberties are not conditional, yet you are treating them as such with your tax plans. A persons worth should never be a consideration for such things. We did such before by making the assumption that ones worth is what defined their value. You are simply reversing it and applying it.
We Americans have no other choice.
The very definition of these tax debates is "class warfare". We've seen that in spades all week from Washington.
Do you tax those who are retired as such? You do realize that the estimated goal for those to reach retirement these days is to have 2 million+ in return investments so they can retire comfortably without worrying about day to day costs (that does not include their entire net worth). Are they rich who achieve such? Now you have to consider in your retirement that you need to account for a continuous 1% sucking sound each year to be able to retire.
Your plan is oppressive beyond measure and will simply be another burden on the individual to which will work against the aspect of self improvement.
Is your goal to achieve that of Lords and vassals with share croppers killing themselves so they can meet the requirements of the Lord and still have enough to eat at the end of the harvest? Your plan taxes like it.
Good luck trying to fund UE benefits once all the half-a-billionaires refuse to pay $5M in net worth taxes + whatever else the other 8% in taxes adds up to (plus state income taxes, property taxes, etc) and becomes a Bahamian citizen.
I say cut UE benefits.
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