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So you are not really for the 30% tax on all income as proposed by the OP
Don't think that is what the op suggested based on the thread title.
No, I don't think the income needed to provided for your survival should be taxed. Much like here in Ohio there is no sales tax on food, why would you charge income tax on the money someone would need to eat? Would you suggest you tax welfare payments or social security payment? Why? Why give aid with one hand and take with the other, what does that accomplish? It is counter intuitive, why give them more aid than they need just so they can pay your symbolic tax.
Last edited by buzzards27; 02-25-2012 at 07:51 AM..
I propose going back to the rates that Reagan felt was fine, 50% top ordinary income rate; capital gains of 60% for short and 40% for long-term. Under those rates, the government had plenty of money -- enough to give the states money under Revenue Sharing, that provided local schools funds for education.
I propose going back to the rates that Reagan felt was fine, 50% top ordinary income rate; capital gains of 60% for short and 40% for long-term. Under those rates, the government had plenty of money -- enough to give the states money under Revenue Sharing, that provided local schools funds for education.
30% tax for bigger government while you want 50% tax? No thanks...
Why are republicans so much against the "Buffet rule"?
can you actually make an argument that provides adequate rationality to go against this?
Quote:
Originally Posted by buzzards27
Don't think that is what the op suggested based on the thread title.
No, I don't think the income needed to provided for your survival should be taxed. Much like here in Ohio there is no sales tax on food, why would you charge income tax on the money someone would need to eat? Would you suggest you tax welfare payments or social security payment? Why? Why give aid with one hand and take with the other, what does that accomplish? It is counter intuitive, why give them more aid than they need just so they can pay your symbolic tax.
30% tax for bigger government while you want 50% tax? No thanks...
Where do you get this meme?
The government spends roughly the same %p of GDP independent of tax-rates. As said in the conservative Weekly Standard:
"We should figure out what we want before we calculate what we can afford, not the reverse."
But notice how the GOP viewpoint on spending has changed since Obama has been elected? Now, the GOP believes that Funds for tornado victims should be offset and that we can't possibly afford $1.8 million for treatment and prevention of HIV.
I propose going back to the rates that Reagan felt was fine, 50% top ordinary income rate; capital gains of 60% for short and 40% for long-term. Under those rates, the government had plenty of money -- enough to give the states money under Revenue Sharing, that provided local schools funds for education.
you forget that before reagan came into office, the top marginal rates were much higher. reagan LOWERED the top rates to 50% and then to 28%, and the economy boomed as a result. if we were to raise the rates now the economy would go back into the tank.
you forget that before reagan came into office, the top marginal rates were much higher. reagan LOWERED the top rates to 50% and then to 28%, and the economy boomed as a result. if we were to raise the rates now the economy would go back into the tank.
Plus nobody wants write offs for people anymore and when rates were higher than 28% when government was 60% smaller you wrote of just about everything against the taxes due.
Our government is overgrown into a tax sucking monster that has massively over employed the public to 1-9 instead of the old 1- 150. What we have going now is unsustainable.
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