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There are two ways for you to make a contribution to reduce the debt:
You can make a contribution online either by credit card, checking or savings account at Pay.gov
You can write a check payable to the Bureau of the Public Debt, and in the memo section, notate that it's a Gift to reduce the Debt Held by the Public. Mail your check to:
Attn Dept G
Bureau of the Public Debt
P. O. Box 2188
Parkersburg, WV 26106-2188
I'm perfectly willing to see the Bush cuts expire.
And, I do contribute to our state and local government. I give to state parks and local schools.
I also contribute to the National Park foundation.
I'm not above the $250,000 adjusted gross income level but I do think their taxes should be raised to Clinton levels and maybe even have another level say greater than $5,000,000 adjusted gross that has a higher rate than the $250,000 level.
But as I said, if nothing else, the Bush cuts should go.
ALSO, I don't think ANYONE should receive a (federal) tax return that is MORE THAN what they paid in taxes for the previous year.
That would require complete elimination of ALL deductions. The question then would be, do you care about deductions applied by only those who make less, those make a lot but don't pay any taxes or everybody including those who do?
That would require complete elimination of ALL deductions. The question then would be, do you care about deductions applied by only those who make less, those make a lot but don't pay any taxes or everybody including those who do?
That would be fine. I think the tax code should be simplified and many of the loopholes should be closed. I also think that EVERYONE should pay SOMETHING, even if it's only like 2-4% at the absolute lowest end. I just don't have the confidence in our politicians in Washington to actually come up with a reasonable solution.
I voted no but, the no option is dumb. it isnt about "other people paying".
It is about controling spending. Cut spending to an acceptable level that meets the revenue coming in and we fix this.
If at that point there are things we need to do in the area of spending, THEN take a look at what can be done to increase revenue to match the NEW spending level.
That would be fine. I think the tax code should be simplified and many of the loopholes should be closed. I also think that EVERYONE should pay SOMETHING, even if it's only like 2-4% at the absolute lowest end. I just don't have the confidence in our politicians in Washington to actually come up with a reasonable solution.
The devil is usually in the details.
And, why many? Are there specific areas you would rather not touch?
Start with 100% tax at $1 million dollars and give them a deduction for each jon they """Create""" in the United States
Lets run with this and see where it takes us.
So let’s use a really meanie of a company. Let’s go with Exxon.
Exxon has a stock price of $70.10. That price is based on a number of things and among them two of the most important are
Future Earnings potential and Dividends paid.
Under your plan, we cap Exxon’s future earnings at 1 million dollars.
The price of their stock is based on the fact that they earn billions every year. Stock just took a plunge.
Exxon has more than 4 billion shares of stock out there. The last dividend payment was in the area of $.47 per share.
At 4 billion shares of stock, if the full 1 million in allowed profit is given to shareholders the next dividend will be $.00025 per share.
Stock just took another plunge.
Now the stock is worth less than the paper it is printed on.
But Exxon is not the only company in this boat. EVERY corporation with stock is in the same boat. You just killed every single stock in the country.
NOW every single American with any retirement plan that includes investments has just lost EVERYTHING.
Exactly how is this going to help America recover?
So let’s use a really meanie of a company. Let’s go with Exxon.
Exxon has a stock price of $70.10. That price is based on a number of things and among them two of the most important are
Future Earnings potential and Dividends paid.
Under your plan, we cap Exxon’s future earnings at 1 million dollars.
The price of their stock is based on the fact that they earn billions every year. Stock just took a plunge.
Exxon has more than 4 billion shares of stock out there. The last dividend payment was in the area of $.47 per share.
At 4 billion shares of stock, if the full 1 million in allowed profit is given to shareholders the next dividend will be $.00025 per share.
Stock just took another plunge.
Now the stock is worth less than the paper it is printed on.
But Exxon is not the only company in this boat. EVERY corporation with stock is in the same boat. You just killed every single stock in the country.
NOW every single American with any retirement plan that includes investments has just lost EVERYTHING.
Exactly how is this going to help America recover?
I'm pretty sure that poster was talking about one million in PERSONAL income not corporate income.
Sorry, it is for the people who always insist taxes should be higher. I think they like to spout that, but THEY don't actually want to pay it themselves.
People are not insisting taxes should be higher. Point me out to these so called people.
The corporations have had their cuts for years, the so called job creators.
Let the corporations pay some of the federal debt, the thief's in our financial markets, just take a look what has happened, it doesn't matter how much the market drops, they aren't losing a penny.
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