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Come'on now......You have seen the stats.
I think I am recalling correctly.
10% of the people pay 70% of the Fed. tax
50% pay nothing.
Come'on thats insane.
A low Flat tax is probably the only answer....And it would actually work out better since the tax would be spread out over the whole population..not just the Middle and Upper class.
Come'on now......You have seen the stats.
I think I am recalling correctly.
10% of the people pay 70% of the Fed. tax
50% pay nothing.
Come'on thats insane.
A low Flat tax is probably the only answer....And it would actually work out better since the tax would be spread out over the whole population..not just the Middle and Upper class.
Well let us look at what happened between 1980 and 1988.
Quote:
Originally Posted by Fleet
Percent of taxes paid by groups.
-------------------- 1980------ 1988
Up to $20,000/year-- 19.5%---- 7.0%
20-50k-------------- 49.4%---- 30.4%
50-200k------------- 23.6%---- 38.3%
200k+--------------- 7.5%----- 24.3%
Source: Internal Revenue Statistics published in Arkansas Democrat Gazette, Oct. 12, 1992.
This says it better than I can You want more even taxes paid distribution then go back to the tax structure that was in place in 1980!!!!!! 70% tax on the top end.
This, I hate to say it, is a symptom of the low tax rate on the top end of the income distribution in America. Up the top tax bracket and they will go somewhere else to play their games and regulating the economy will be so much easier.
No, I don't think that is the case at all. It is the mechanisms of taxation that has allowed the government to spend more than it takes in through legitimate means (read: constitutionally). The taxing of domestic private incomes have created the huge deficits and national debt, placing generations in financial slavery. It was never meant to be this way.
We have a complete reversal of taxation regarding what is being taxed. Constitutionally, the power to Tax was designed to tax foreign commerce, and leave private domestic income alone. Now we have the burden shifted to domestic income, with multinational corporations paying nothing, while their activities are destroying the domestic economy through off shoring manufacturing, to funneling revenue streams to offshore accounts.
Want to fix the trade imbalance? Start taxing the hell out of foreign commerce and the massive importation of domestic goods (leave Single Malt Scotch and cigars off that list
Then, incentivize domestic production and offer tax breaks for US exporters to make our goods competitive on the world market. No, we will never be able to compete head to head with slave labor (nor do we want to), but that was never an issue before. The "made in the USA" trademark was a prestigious mark depicting the utmost in quality and workmanship with no equal around the world. And people were willing to pay a premium for that quality because they knew that in the long run, it would actually be more cost effective.
As an example, "Kitchen Aid" mixer is still manufactured in the USA. It's the best mixer money can buy, and they are passed down from mother to daughter. It's not uncommon to see one 30+ years old still working as it did when first purchased ... whereas, a foreign built competitor might die after 5 years.
Another good example on the flip side is good old General Electric. We have all General Electric appliances ... stove, dishwasher, fridge ... and it looks nice ... stainless steel .. and it is all CRAP. Works lousy, and every bit of it is manufactured overseas.
When you look at REALITY .. there are but 2 main issues ... we have foreign bankers running our monetary system ... and foreign corporations reaping and raping the economy domestically. They take all of the profits (and pay little to no taxes), and when they fail ... the government takes OUR MONEY (domestic taxation) and gives it to the foreigners. The system privatizes profits and socializes losses.
The corporate greed is a big issue ... but they will always be greedy ... the issue is the phony books they keep and how the regulators who are supposed to prevent such fraud are actually in the game protecting the fraud.
It's total criminality at the top ... across the board, and "we the people" are the one's getting robbed.
Moving jobs out of the country is the problem....and it ISN'T going to stop anytime soon...
Bango!
It's not illegal immigrants, it's not unions, it's the maximization of profit by any means necessary...namely moving jobs to countries with dirt cheap labor costs, no environmental restrictions and no worker safety regulations.
The american middle class is not a natural result of capitalist forces. It took work and cultivation and now it's being destroyed so that a few people can make a few more bucks at the expense of our labor class.
It's very sad to see this happen and it's just as bad to see there are people in the labor class willingly defending this destruction b/c we have to compete in the business world.
No, I don't think that is the case at all. It is the mechanisms of taxation that has allowed the government to spend more than it takes in through legitimate means (read: constitutionally). The taxing of domestic private incomes have created the huge deficits and national debt, placing generations in financial slavery. It was never meant to be this way.
The taxing of personal incomes was legal under the constitution. What wasn't legal was taxing rents and other stuff like that. Your thinking is a bit faulty tho as long as you have the ability to borrow and a source of income it will be misused and we will have debt.
Quote:
Originally Posted by GuyNTexas
We have a complete reversal of taxation regarding what is being taxed. Constitutionally, the power to Tax was designed to tax foreign commerce, and leave private domestic income alone. Now we have the burden shifted to domestic income, with multinational corporations paying nothing, while their activities are destroying the domestic economy through off shoring manufacturing, to funneling revenue streams to offshore accounts.
Well this is what they are doing. But what is enabling them to do this is our low savings rate. This drives debt and the cycle is a bit complicated but if you save you export and if you borrow you import. It has to do with the balance of funds flow.
Quote:
Originally Posted by GuyNTexas
Want to fix the trade imbalance? Start taxing the hell out of foreign commerce and the massive importation of domestic goods (leave Single Malt Scotch and cigars off that list
Trade wars tend to hurt everyone evenly. Loss loss. Want to go there?
Quote:
Originally Posted by GuyNTexas
Then, incentivize domestic production and offer tax breaks for US exporters to make our goods competitive on the world market. No, we will never be able to compete head to head with slave labor (nor do we want to), but that was never an issue before. The "made in the USA" trademark was a prestigious mark depicting the utmost in quality and workmanship with no equal around the world. And people were willing to pay a premium for that quality because they knew that in the long run, it would actually be more cost effective.
A high savings rate will accomplish the same thing Incentivize savings!!!!
Quote:
Originally Posted by GuyNTexas
As an example, "Kitchen Aid" mixer is still manufactured in the USA. It's the best mixer money can buy, and they are passed down from mother to daughter. It's not uncommon to see one 30+ years old still working as it did when first purchased ... whereas, a foreign built competitor might die after 5 years.
Take a look at Germany that is all I can say
Quote:
Originally Posted by GuyNTexas
Another good example on the flip side is good old General Electric. We have all General Electric appliances ... stove, dishwasher, fridge ... and it looks nice ... stainless steel .. and it is all CRAP. Works lousy, and every bit of it is manufactured overseas.
When you look at REALITY .. there are but 2 main issues ... we have foreign bankers running our monetary system ... and foreign corporations reaping and raping the economy domestically. They take all of the profits (and pay little to no taxes), and when they fail ... the government takes OUR MONEY (domestic taxation) and gives it to the foreigners. The system privatizes profits and socializes losses.
This is a function of the low taxes on the top end. Raising the taxes there will make it less profitable to do this.
Quote:
Originally Posted by GuyNTexas
The corporate greed is a big issue ... but they will always be greedy ... the issue is the phony books they keep and how the regulators who are supposed to prevent such fraud are actually in the game protecting the fraud.
We agree here corperate greed is killing America. How do you fight greed? You take the money away from the greedy bastards and they will either leve or quit being greedy.
Quote:
Originally Posted by GuyNTexas
It's total criminality at the top ... across the board, and "we the people" are the one's getting robbed.
No we are giving away our birthright through our own inaction time to get busy and do something about it.
Quote:
Originally Posted by Houston3
Quote:
Originally Posted by newonecoming
This is a symptom of not saving enough money as a nation. Saving more money will stop the job loss.
And just what does that have to do with the price of LABOR in CHINA and INDIA ?
Not one thing. Take a look at Germany it has a very high savings rate and very well paid workers and more exports than imports. As far as the price of labor in those countries goes. We should ask those countries to pay their workers better. And if they don't then we can use punitive tariffs to back up our request.
Quote:
Originally Posted by Buckhorn
Bango!
It's not illegal immigrants, it's not unions, it's the maximization of profit by any means necessary...namely moving jobs to countries with dirt cheap labor costs, no environmental restrictions and no worker safety regulations.
Yip greed is killing America. How you stop greed is by taking away their money.
Quote:
Originally Posted by Buckhorn
The american middle class is not a natural result of capitalist forces. It took work and cultivation and now it's being destroyed so that a few people can make a few more bucks at the expense of our labor class.
Wealth redistribution form the middle class to the top. Yip we are letting it happen when are we going to stop it from happening?
Quote:
Originally Posted by Buckhorn
It's very sad to see this happen and it's just as bad to see there are people in the labor class willingly defending this destruction b/c we have to compete in the business world.
What we can do is one save money. Two vote for a third party. Not the tea baggers but the penny pinching person's party. Three Buy made in the USA
Come'on now......You have seen the stats.
I think I am recalling correctly.
10% of the people pay 70% of the Fed. tax
50% pay nothing.
Come'on thats insane.
A low Flat tax is probably the only answer....And it would actually work out better since the tax would be spread out over the whole population..not just the Middle and Upper class.
That infers that those people shored up wealth, not that they're paying way too much in taxes as you're inferring. If anything it's evidence that the OP's argument has some validity.
That infers that those people shored up wealth, not that they're paying way too much in taxes as you're inferring. If anything it's evidence that the OP's argument has some validity.
How can this country survive if 1/2 the population not paying into the system?
Just dont understand .....Do people on the left realize that therre are not enough "Rich" people in this country to pay for all your Govt. run B.S.?
If you dont lower Govt. spend this country is doom..plain and simple.
Funny thing is....If you take the lliberal arguement for bigger govt. to its end....It will always fail!
Cause sooner or later you will run out of money.....I know some leftwinger will point to Europe.
1. Were NOT Europe....Thank God!
2. If you havent noticed.....Europe is in worse shape the we are.
And how does this address the problem of the bottom not having enough money?
Quote:
Originally Posted by kerrymac
How can this country survive if 1/2 the population not paying into the system?
How can this country survive if 1/2 of the population doesn't have the money to contribute into the system?
Quote:
Originally Posted by kerrymac
Just dont understand .....Do people on the left realize that therre are not enough "Rich" people in this country to pay for all your Govt. run B.S.?
http://www.cleanmpg.com/photos/data/500/total-credit-debt-percentage-gdp.jpg This is what is wrong with the economy!!!! Take a look at it. Way to much debt. It is not about wealth redistribution for its own sake it is about making the economy work and having all of the money pooled in one spot doesn't make things work too well.
Quote:
Originally Posted by kerrymac
If you dont lower Govt. spend this country is doom..plain and simple.
If we were at full employment we would have a balanced budget. Think on that one!!!!
Quote:
Originally Posted by kerrymac
Funny thing is....If you take the lliberal arguement for bigger govt. to its end....It will always fail!
But I'm not a liberal and this is not the thread to be discussing this on. I'm for smaller more efficient government.
Quote:
Originally Posted by kerrymac
Cause sooner or later you will run out of money.....I know some leftwinger will point to Europe.
Were NOT Europe....Thank God!
2.If you havent noticed.....Europe is in worse shape the we are.
Well if you look at Greece that is very true but that is financial irresponsibility at work not socialism. Germany is very financially responsible and they are way more socialistic than we are. But again I'm not socialistic my self per say I'm just pragmatic about what works and what doesn't. Greece is about as financially irresponsible as we are think on that one.
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