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So, what would be our limit, if we can't produce beyond what is backed?
Not according to Opin-Yunated, he keeps saying taxes aren't necessary for the government to operate. Do you agree with him?
Yeah if you remove social security, Medicare, federal employees, highway funding, get rid of ObamaCare and do not replace with single payer universal healthcare and drastically cut the size of the armed forces.
LOL. cry me a river. Its not that complex, and generally the software or your accountant can deal with it.
You shouldn't need an accountant or software to do income taxes.
I am just a salaried person, married, with investment income and a few deductions. It is criminal that I can't complete my taxes in half a day.
Our tax code is a convoluted mess - a creation of Congress that wants to play God with our behavior and our money.
All deductions should away. Taxes should be unaffected by mortgages, children, medical expenses, and charity. Adjust the rates to be revenue neutral. Fraud would disappear, the IRS would shrink to almost nothing, and citizens would gain back days per year of productivity.
If you guys are talking about tax reform, Fair Tax would be the way to go.
Yeah it is progressive for the poor and regressive on the rich. The middle class gets sick carrying the bags. Yeah THAT is the way we should change our tax structure too...
I did this before I could run the numbers but here's my numbers. We all know that it is HIGHLY unlike that a working poor family (25K a year), a lower middle class family (45k a year), a middle class family (70K a year), an upper middle class family (150K), a high income family (500k a year) and a 1% family (1m a year) spend the same percentage of income, especially when it comes to new goods and/or services. For my example the working poor spends 95% of their income, the lower middle class spends 90%, the middle class spend 75%, the upper middle class spends 50%, the high income spends 40% and the 1%er spends 45%. The Tax rates are incredibly regressive with the 1% paying 10% of their income in taxes while the working poor pays 22% (21% if they don't use the prebate.)
I attached my work. You can play around with it if you want. You'll have to change the first page which is one about a straight sales tax idea that I included as well to shoot that idea down before anyone thinks of that.
Last edited by mkpunk; 04-16-2015 at 10:30 AM..
Reason: Updated with work.
Yeah it is progressive for the poor and regressive on the rich. The middle class gets sick carrying the bags. Yeah THAT is the way we should change our tax structure too...
The problem is, you liberals and democrats don't know the difference between high income and being truly wealthy. You support Obama who said he was going after the rich but he was going after upper middle class. Obama had to be laughing his ass off at you dumb asses as you believed that raising taxes on income was going after "the rich".
The problem is, you liberals and democrats don't know the difference between high income and being truly wealthy. You support Obama who said he was going after the rich but he was going after upper middle class. Obama had to be laughing his ass off at you dumb asses as you believed that raising taxes on income was going after "the rich".
Where did I ever proposal a liberal idea or claim to go after the upper middle class? Sounds to me like you are just putting words in my mouth.
Where did I ever proposal a liberal idea or claim to go after the upper middle class? Sounds to me like you are just putting words in my mouth.
"Tax the rich" Funny thing you liberals don't get is the rich don't depend on "income" and being rich (wealthy) means you have a lot of money or assets, it not INCOME. Taxing income is taxing the middle class. The rich just get around it.
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