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i hear many people say that the flat tax plan makes it so that the rich don't pay their share. how do they come to this conclusion? for example if you took Perry's plan at face value (not much to it since it fits on a post card) then EVERYONE would pay the same %. Seems fair to me.
i hear many people say that the flat tax plan makes it so that the rich don't pay their share. how do they come to this conclusion? for example if you took Perry's plan at face value (not much to it since it fits on a post card) then EVERYONE would pay the same %. Seems fair to me.
The problem for the left is they will lose their ability to over-tax the rich (using them as a scapegoat) which is how they planned on paying for the debt all along.
i hear many people say that the flat tax plan makes it so that the rich don't pay their share. how do they come to this conclusion? for example if you took Perry's plan at face value (not much to it since it fits on a post card) then EVERYONE would pay the same %. Seems fair to me.
A few comments:
1. Liberals don't really feel this way it's merely a hot-button topic where they are hoping to garner votes. (The right does the same thing with various topics, this is just politics 101.)
2. We DO have flat taxes to some extent, they are called sales and property taxes.
1. Taxing rich people has nothing to do with "punishing" them, no matter what you conservatives claim.
2. We want people to pay a fair share of the burdens of government. This fair share is not only higher in absolute terms, but also higher as a percentage, for those who are rich beyond the dreams of avarice than for people who are just scaping by.
3. Anyone who thinks the Perry plan is simpler than what we have now because "it fits on a postcard" is kidding themselves. As many others have already pointed out, the only way to figure out if your tax liability is going to be lower on the flat rate or the current system is by computing it both ways. Hence, you do all the same work no matter what system you wind up choosing.
1. Taxing rich people has nothing to do with "punishing" them, no matter what you conservatives claim.
2. We want people to pay a fair share of the burdens of government. This fair share is not only higher in absolute terms, but also higher as a percentage, for those who are rich beyond the dreams of avarice than for people who are just scaping by.
3. Anyone who thinks the Perry plan is simpler than what we have now because "it fits on a postcard" is kidding themselves. As many others have already pointed out, the only way to figure out if your tax liability is going to be lower on the flat rate or the current system is by computing it both ways. Hence, you do all the same work no matter what system you wind up choosing.
There is nothing "fair" about progressive taxation.
The problem for the left is they will lose their ability to over-tax the rich (using them as a scapegoat) which is how they planned on paying for the debt all along.
Nah, I just think that blaming a small fraction of the public (1%) is a good way to try to hustle votes from the 99%.
Meanwhile, they upheld the Bush tax cuts and spend like crazy.
It's all about pandering and votes, just like the anti-war movement was.
But here are the highlights:
* People w/ more than median income from investments will probably chose the Perry 20% plan. They will get HUGE deductions for investment income. ***THAT'S NOT A FLAT TAX***
* Those who do not have income from investment(s) will stay in the current system. ***THAT'S NOT A FLAT TAX***
* As Erin pointed out in the piece, expected income from the Perry plan is barely 50% of our required INTEREST payments on our debt. Barely 50% necessary to not DEFAULT on our payments.
* Even the extremist Paul Ryan plan doesn't get spending below 18% until the year 2040, and that's with detailed plans/outlines to cut spending and reduce benefits. Perry doesn't detail any plans other than to claim to get spending to 18% by 2020...by smoke and mirrors apparently.
Raising the top tax bracket by 4%-5% I won't consider "punishment"; the rich would still be doing very well, much better than the average person.
Quote:
Originally Posted by Mathguy
It's all about pandering and votes, just like the anti-war movement was.
The anti-war movement was not about pandering; the base sincercely cared about it and was opposed to the war. The Democrat politicians were using it but the liberal base and the political leaders are too different groups. The anti-war movement lost its point after the military started withdrawing from Iraq; that's why it weakened.
But here are the highlights:
* People w/ more than median income from investments will probably chose the Perry 20% plan. They will get HUGE deductions for investment income. ***THAT'S NOT A FLAT TAX***
* Those who do not have income from investment(s) will stay in the current system. ***THAT'S NOT A FLAT TAX***
* As Erin pointed out in the piece, expected income from the Perry plan is barely 50% of our required INTEREST payments on our debt. Barely 50% necessary to not DEFAULT on our payments.
* Even the extremist Paul Ryan plan doesn't get spending below 18% until the year 2040, and that's with detailed plans/outlines to cut spending and reduce benefits. Perry doesn't detail any plans other than to claim to get spending to 18% by 2020...by smoke and mirrors apparently.
1. the reason he would cut taxes for the successful investors is because they are pumping money in the economy 2. the 20 percent flat tax Perry proposes is optional, meaning that low and middle income taxpayers whose current tax rates are less than 20 percent can remain in their current brackets 3. looks like the government will have to find another way to make the money for the difference (ie. bonds and tarrifs)
why do liberals like to punish rich people for making money?
Q: What is a millionaire after he pays his taxes?
A: A millionaire.
Whiny rich folk = annoying as yappy lap dogs.
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why do liberals like to punish rich people for making money?
