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The Dems say they will agree to cuts later. Cuts that will never come. We've been there which is why that argument will never work.
I'm not real concerned over what the exact numbers are at this point. It's not worth the effort as there is nobody with any say proposing this.
Sorry, but you don't know what you're talking about. You can read back on recent efforts like the bi-partisan deficit committee that was put together. The Democrats were offering 3/1 cuts to tax increases. Republicans ended up leaving as none of them wanted to break their tax pledge. Compromises don't have to be promises for things done later. The difference between the Republicans and Democrats right now are that the former are losing nominations for being rational adults who want to get things done. The latter are still willing to act like grown ups. You should read more before you post here.
In terms of your tax idea, you're just saying that we should do away with deductions. Basically you're just proposing the same tax system that we have now, but with no deductions. Other than making a tax form more simple for some people, it really doesn't get anyone anything. Deductions aren't necessarily a bad thing. Take them away and people have a hard time of doing things like going to college, taking care of special needs children, moving for a new job, etc.
The problem with this is that it is a tax increase for everyone! The effective tax rates of ANYONE making less than $500k is much, much less than 20%.
If we have a flat tax, we need a flat tax on consumption. Everyone (regardless of income level) pays a percentage tax on everything they buy, every service they use, and every investment they make. If you don't use any resources, you don't pay taxes. If you use more resources, you pay more taxes.
Quote:
Originally Posted by noexcuseforignorance
Sorry, but you don't know what you're talking about. You can read back on recent efforts like the bi-partisan deficit committee that was put together. The Democrats were offering 3/1 cuts to tax increases. Republicans ended up leaving as none of them wanted to break their tax pledge. Compromises don't have to be promises for things done later. The difference between the Republicans and Democrats right now are that the former are losing nominations for being rational adults who want to get things done. The latter are still willing to act like grown ups. You should read more before you post here.
In terms of your tax idea, you're just saying that we should do away with deductions. Basically you're just proposing the same tax system that we have now, but with no deductions. Other than making a tax form more simple for some people, it really doesn't get anyone anything. Deductions aren't necessarily a bad thing. Take them away and people have a hard time of doing things like going to college, taking care of special needs children, moving for a new job, etc.
Do you have any idea what you are saying? Dems were NOT offering tax cuts. Can you post the specific cuts democrats were willing to make?
Dems are just as unwilling to compromise as republicans.
a flat Tax is a good idea so long as it includes all income from all sources and undistributed corporate profits (corporations are now people) and excludes all incomes below the 90th percentile.
The crux of the problem is how our taxpayer money is being used.
Generations of investigative reporters tell us so much is wasted and the hungry feds, totally dependant on our taxes, have no intention of cleaning up its act.
To proclaim the need to raise tax is beyond bold and demonstrates an entitlement attitude.
Charlie Rangel has headed the ways and means committe which covers the tax code. How large is the tax code and what percent of regs apply to the average taxpayer?
Why did the head of the treasury screw up his tax returns?
Why did Charlie Rangle screw up his tax returns?
that should tell you the code is designed primarily for business and political cronies. Like Pelosi, exemption from labor regs for Dole.
If some version of a flat tax were created for the avearge citizen and a more complex set of regs for business, we'd be in a better place except for the downstream waste once in the hnads of the feds.
To argue about how you are going to place your head down on the executioners chopping block is the stuff of the mindless without a direct link to a discussion on government waste.
a flat Tax is a good idea so long as it includes all income from all sources and undistributed corporate profits (corporations are now people) and excludes all incomes below the 90th percentile.
Exclude all people below the 90th percentile? Why should they be given special treatment?
I guess the whole idea of 'equality' isn't a big deal to you.
The problem with this is that it is a tax increase for everyone! The effective tax rates of ANYONE making less than $500k is much, much less than 20%.
If we have a flat tax, we need a flat tax on consumption. Everyone (regardless of income level) pays a percentage tax on everything they buy, every service they use, and every investment they make. If you don't use any resources, you don't pay taxes. If you use more resources, you pay more taxes.
The numbers need to be tweaked. But there only need to be 3 rates. Lower class, middle class, and wealthy class.
In regards to your consumption tax.... why would you tax as people invest? You want to create it as simple as possible for people to invest into the economy.
Eliminating the tax burden on the bottom 90% creates a LOT of potential investors and consumers.
My idea creates a FAIR tax on the basis of the rich that own the country pay for maintaining the country that creates their wealth.
Would the consumption tax also include sales of financial instruments as well as Cheerios? If not they it is a very UNFAIR tax.
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