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Flat tax + National sales tax. And be done with all of the shelters and write offs. That would be fair, wouldn't it? (I'm sure we'll hear squawking from both ends of the spectrum).
I could live with a flat tax, I would pay a little more but so would a lot of folks.
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Draw a demarcation line at about $24k/yr-everything else is 8% until you hit $200k/yr then it goes to 10%.
No deductions, no tax shelters, no write offs, no difference if you make the money here or abroad.
We all hear "half of the people don't pay any taxes", and everybody assumes that 1/2 is represented by the "poor".
That is a misconception that some people are counting on you making.
Again, looking at our discussion, the renter is paying the home owners property taxes in his rents, and also is not benefitting from the mortgage interest tax write-off on the federal taxes. In this situation, the home owner is getting the free ride, right?
I disagree there are plenty of charts and facts out there that say different. If it wasn't for the rich, USA would be in worse shape than we are now. A flat tax is plenty fair, no one should pay a higher rate, why penalize someone for succeeding? oh well.
Romney's taxes explained
Again, the laws are so convoluted, that about all you can say is that the rich typically pay more, but some may not.
i opened this thread and made it through about 7-8 posts and couldn't believe that people are defending what he said. it was foolish and i'm sure his handlers are pissed and the spin will no doubt begin with the usual (media) suspects trying vigorously to cover his ass.
he just spit in the face of all of the hard working people who have busted their collective asses to make something of themselves IN SPITE of government efforts to make it as hard as possible.
gov't doesn't build fuckin' roads, they pay for roads to be built by contractors with OUR MONEY! we built those fucking roads in spite of the gov't putting the money that is supposed to be allocated toward road construction into the general fund to be pissed away (hello toll roads).
also, everyone has the same access to the roads...some choose to get out there and travel them every day to make a living and others chose to sit on their fat asses.
what a bunch of fucking garbage that our gov't has to drive a wedge between people who give a shit, and people who just collect shit...what a joke we have become.
If Homeowner A gets a reduced tax bill, does that necessarily mean he is going to pass that savings on to Renter B, or his Homeowner A going to keep the rents the same, and look to put a couple of more bucks in his own wallet?
I am pretty sure we know how 95% of most renters are going to act.
Also think of your local gas stations. When ever there is a global catastrophe in the production of gasoline, there is an IMMEDIATE rise in prices in the pumps, even though the gas that is in the tanks under ground are not affected by this sudden catastrophe.
The reasoning is that the gas to replace the exisiting gas in the underground storage tanks will be more expensive.
But when all resources are up and running at full potential again, do we see that drastic drop in prices at the pump? No, of course we don't. Each station slowly lowers their prices as their competiing neighbor stations do, but they do it as slowly as possible, because that is nothing but a larger margain that they try to ride as long as they can.
Capitalism is not about passing your profits on to the next guy down the chain. Capitalism is about grabbing as much profit that you can, when you can.
It is clear to most people that President Obama was NOT talking about individual business', but that we collectively (and SOCIALLY) give each other a hand. Nobody has done ANYTHING all by themselves.
Attention spans are also about 3.4 nano seconds long, so this too will all be water under the political bridge.
http://www.weeklystandard.com/blogs/obama-ad-accuses-romney-launching-false-attack-quoting-obama_648762.html
If his taxes aren't higher, they aren't passed on.
Pit Row
He said what he said and he meant it. He wants us all to think of the US in collectivists terms, just like he does.
Quit putting up Ron Paul' s shit oldfart-he really deserves more than you.
For Christ sakes, you even repeated what he said (in context, one would presume) and hit the same BS, strawman points he did.
Inconstancy, thy name is oldfart.
There are a lot of wealthy, successful Americans who agree with me -- because they want to give something back. They know they didn’t -- look, if you’ve been successful, you didn’t get there on your own. You didn’t get there on your own. I’m always struck by people who think, well, it must be because I was just so smart. There are a lot of smart people out there. It must be because I worked harder than everybody else. Let me tell you something -- there are a whole bunch of hardworking people out there. (Applause.)
If you were successful, somebody along the line gave you some help. There was a great teacher somewhere in your life. Somebody helped to create this unbelievable American system that we have that allowed you to thrive. Somebody invested in roads and bridges. If you’ve got a business -- you didn’t build that. Somebody else made that happen. The Internet didn’t get invented on its own. Government research created the Internet so that all the companies could make money off the Internet.
The point is, is that when we succeed, we succeed because of our individual initiative, but also because we do things together. There are some things, just like fighting fires, we don’t do on our own. I mean, imagine if everybody had their own fire service. That would be a hard way to organize fighting fires.
Obama is going after votes, his every move is to get votes, he has proven time and time again he will sell this countries would for a vote. Damn shame his is throwing hard working honest business owners under the bus. They are our only hope, they generate more taxes, they hire workers, unreal. The Internet was invented to share data! What a loon.
Obama word for word......"Government research created the Internet so that all the companies could make money off the Internet."
Get a clue people.
Poor oldfart is going to be running around like an ant after you mess up their trail home........
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