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Do you mean to "investment real-estate"? You do realize that the government solution is either government high rises or investment deductions to people who invest in real-estate so they can rent to people like you right?
Your solution: take away investment deductions.
Result: Landlords raise your rent or don't invest in the first place. Prices go up because either their cost of doing business increases or people won't invest. Less rentals are available, prices increase further or if you can't find a place you get to live in a high rise.
Think freemkt, think!
Quote:
Originally Posted by workingclasshero no not a VAT
a replacement of the current...at the end user level....ie retail
Referring specifically to the FairTax - homeowners enjoy untaxed housing consumption while those who can't buy a home indefinitely pay tax up the wazoo on their rent.
They have lower inequality because they're not overly dependent on the top earners for tax revenue, so the incentive to keep the wide income gap in order to maximize tax revenue doesn't exist in Europe as it does in the U.S.
Read that before, not buying it. It fails simple logic. The politicians don't really care about tax revenue. They care about their job, and their income. Thats going to drive increased wealth inequality. If they cared about maximizing tax revenue they would increase taxes. You're deflecting with opinions, that fail simple logic test.....lol....in my opinion.
Seriously, you want to drive an idea for a flat tax? You've bought into some well funded think tanks proposed by the .1%. And you are never ever going to get it. Seriously.
Do you honestly ever see any way in which that idea could come about?
Ironic, you are offended these families are accused of not paying taxes but have no issue of Obama accusing others of not paying enough taxes. How's payback working for you? Now pay your fair share like the rest of us.
I pay an asinine amount in taxes yet it's ok for Obama to run around the country ranting I don't pay enough. To which I say he can kiss my ass.
Whing! That went right over your head.
I'm not offended by any accusations. I'm offended by people making assertions without any foundation. I'm tired of the lack of logic, the lack of simple argumentation. When you make an argument, you build a foundation for that argument. A FACTUAL foundation. You don't assert that A (an entity, person, family, business, organization) is doing something, unless you have the facts to support that assertion. I'm sick of people making assertions, and then saying, "Well, I based that on averages, or guesstimates, or my fantasies..." Don't ASSERT something unless you can back it up. In this case, IC could have said, "According to IRS statistics most families with that income pay this percentage in taxes." That would have been an accurate statement. But that's not what IC did. IC made statements about a specific family. And that's a problem. Because when people make these logical leaps of faith, they are abandoning logic. There are no leaps of faith in logic. There are no leaps of faith in debate. There are no leaps of faith in argumentation. There are assertions that have to be defended with FACTS, with KNOWLEDGE, with SPECIFICS. And I'm tired of people who don't understand the simple rules of logic breaking those rules and then dancing around it when they are called on it.
Yes the "rich" do pay a lot of taxes. They also get the most "loopholes" and "tax breaks". Remember when Warren Buffet said he paid less in taxes percentage wise than his own Secretary? How about Mitt Romney?
Cry me a river please.
Of course not. It's much easier to whine and complain than to use critical thinking sills.
Ahh and its much easier to accuse people of things, and denigrate them. Got it.
Seriously I disagree with you and you start saying I am whining, complaining, and not using my critical thinking skills? You have proved me wrong before with facts, but this is just your opinion or belief. So you just start insulting? I expect better from you.
Really? If that's so, why do they pay the highest effective tax rates? So high that they're paying TWICE their fair share?
You define fair share as everyone should pay the same? The same % I presume.
whereas I dont think its fair to tax a persons income that is required for their food, shelter, and basic needs. But to you taxing that is fair? Define "Fair" in your mind?
I pay around 22% (just off the top estimate-not based on actual numbers) in taxes. Which represents approx 50% of my after basic requirements for my family expenses. Maybe more. Am I being taxed fairly?
A minimum wage earner is being taxed nothing, but all of his money but 2% say goes to support him in the basics. Is he being taxed fairly?
A multibillionaire is being taxed at 22%, which represents 22.1% of his after basic requirements expenses.
Who here is being taxed fairly? Who isn't? Is it fair to tax the income that pays for necessities? Should tax rates then vary by the cost of living where you live?
Quit whining about what is considered some of the lowest effective tax rates in the world.
Last edited by greywar; 12-13-2013 at 04:45 PM..
Reason: ps-yes I got the whining comment in, but didnt feel motivated enough to add in a "critical thinking" comment
Yes the "rich" do pay a lot of taxes. They also get the most "loopholes" and "tax breaks". Remember when Warren Buffet said he paid less in taxes percentage wise than his own Secretary? How about Mitt Romney?
Cry me a river please.
actually the most tax breaks go to those making 180k or less
and warren buffett lied
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