Slightly higher than what? They're already in the highest tax bracket and pay much more than their fair share of taxes. Also, study up on economics to discover more detrimental effects taxing the "rich" will have on this country.
Barack Obama lays plans to deaden expectation after election victory
- Thread starter XbajajeepX
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Slightly higher than what? They're already in the highest tax bracket and pay much more than their fair share of taxes. Also, study up on economics to discover more detrimental effects taxing the "rich" will have on this country.
- Location
- on the beach in Ocean View, VA
ding, ding, ding.... we have a winner!
The economy is not a "zero sum game" You do not have a finite amount of "stuff" that must be taken from someone to be given to another. Taking from the "rich" to give (redistribute) to the "poor" will only foster less incentive to make more "stuff." I know it's not a new idea, but every time I hear about fair shares I feel compelled to remind people that the opportunity to earn a wage and risk that money in an attempt make more money is equally available to everyone. Those that take the risk will not be as willing to make more if you unfairly tax it back out of their pockets.
JNickel101
NAXJA Forum User
- Location
- Alamogordo, NM
Remember, according to Biden, it's $150k, and according to Bill Richardson, it's $120k..................................
I don't have a problem with maybe a tiny bit of help for people who don't make as much, but who work hard....
It is the absolute free handouts for people who REFUSE to work, or who lie/cheat themselves into a free check that piss me off....
JNickel101
NAXJA Forum User
- Location
- Alamogordo, NM
50% of "taxpayers" aren't really taxpayers....the top 50% of wage earners in this country pay ALL of the taxes...
oh and...
www.fairtax.org
we can only hope....
n1ywb
NAXJA Forum User
- Location
- The Green Mountains
Well honestly I think federal income tax should be abolished and replaced with import tarrifs so we stop sending all our jobs and money to China.
In the meantime I still don't see the problem with having a curved tax rate and I don't think that makes me a communist or a socialist. I'm always surprised how the people who would be most hurt by a flat tax most vocally support it. Does anybody here make more than 250k? Or 150k? Or 120k? I don't. The median household income in the USA in 2007 was $50,233. Don't think of it as slapping heavy taxes on the rich, think of it as giving breaks to the poor.
Maybe we could have lower taxes if we didn't spend so damn much on this war. Has anybody checked the deficit lately?
BTW I pay taxes, plenty of them.
In the meantime I still don't see the problem with having a curved tax rate and I don't think that makes me a communist or a socialist. I'm always surprised how the people who would be most hurt by a flat tax most vocally support it. Does anybody here make more than 250k? Or 150k? Or 120k? I don't. The median household income in the USA in 2007 was $50,233. Don't think of it as slapping heavy taxes on the rich, think of it as giving breaks to the poor.
Maybe we could have lower taxes if we didn't spend so damn much on this war. Has anybody checked the deficit lately?
BTW I pay taxes, plenty of them.
- Location
- on the beach in Ocean View, VA
how do you define "poor"? Certainly not anyone making less than $250k, but what's your cut off point?
red91
NAXJA Forum User
- Location
- exact location unknown
I like gateway drugs...what leads to heroin?
- Location
- on the beach in Ocean View, VA
Schlitz Malt Liquor, IIRC.
red91
NAXJA Forum User
- Location
- exact location unknown
wow...that's pretty fucking disappointing...I wonder if I can return these needles to walgreens?
- Location
- on the beach in Ocean View, VA
yeah--return them and buy Sudafed and make some crystal meth-- if you're looking for a gateway drug, just start at the end and work backward. Heroin is just a sideshow stop on the way to meth and from there, you'll be so funked you won't need anything more!
n1ywb
NAXJA Forum User
- Location
- The Green Mountains
I'm not sure what you mean. Under the current US federal income tax system the tax rate varies from 10% to 35% depending on your income. It seems reasonable to me. I don't know exactly what's going to happen when the new president and congress come online, they'll probably tinker with it, but I don't think we'll see any radical changes.
One could argue that by putting the working poor in a lower tax bracket they have more money to spend which might actually help the economy. That was more or less Bush's idea with his tax credits this year, wasn't it? I'm not an economist though.
Anyway I'm all for lowering taxes for everybody but our deficit has ballooned out of control. We have to cut spending. And to lower taxes we have to cut spending even more.
wolfpackjeeper
NAXJA Forum User
- Location
- 500' and 500KCAS, RAF lakenheath
good, keep cutting, the government only has like 3 responsibilities as listed in the constitution. AMTRAC, Welfare, the FCC, public radio, ect the list goes on are not them.
ECKSJAY
Water is dirty
- Location
- Covington, WA
eace::thumbup:
When I was working fulltime, the wife and I had income that wasn't too far off one of those values.
I know a few small business owners that fall into those values. Each one that I have talked to have said if they end up paying more taxes, either employees would be cut, benefits/perks would be cut, outside services would be cut. In essence less people being employed because of increased taxes.
NWAP
NAXJA Forum User
- Location
- Anchorage and Seattle
Palin knows how to organize/run a focused and productive administration
My old man falls into the higher tax bracket
He employs about 30 people, many of them mechanics
I would rather see him able to pay better wages for employees hard work, rather than the government taking the cash and distributing it how they see fit
iwannadie
NAXJA Forum User
- Location
- Gilbert, Az
So let me understand, palin is giving everyone in alaska $1200 a year which comes from rich oil companies(state profit). Does that not sound like taking money from the rich and re-distributing how she sees fit?
If people are so against re-distributing of wealth why not be against that $1200 a year free hand out? It would be the same as Taxing the rich oil companies more money and giving the poor people Less taxes to pay, right? With that $1200 per person being taken from big oil Im sure they had to lay off some people, cut perks/pay too as to off set. Alaska could have easily said state profit was very high and lower the pipe line usage fees.
:attom:
goodburbon
NAXJA Forum User
- Location
- Westcliffe Colorado.
Not quite. You see, Alaska "sells" it's natural resource (oil) to the oil companies. Since all citizen residents of Alaska have a stake in the government (as a true representative gov should be) the proceeds are divided up amongst the citizens of that state. It really makes a LOT of sense and is not welfare or even welfare like or socialist in nature. It is capatalism at it's finest, considering citizens as stakeholders in the business of governmnent.
5-90
NAXJA Forum User
- Location
- Hammerspace
Is the current tax system unfair? Yep - and it will be, as long as there are loopholes that can be exploited (not everyone is going to know about them.)
What's the solution? I mind two at the moment:
1) Flat Tax. Say, 10% or so. No deductions, no exemptions (except possibly for dependents) - just a flat 10% drawn from your paycheque. Eliminate tax returns as well - this reduces administrative load, meaning we can reduce personnel and get people to actually work for a living.
2) National Retail Sales Tax (cf. fairtax.org, IIRC.) A flat 5-7% national sales tax administered like county/state taxes (not on staple foodstuffs, only on goods sold as "new" - that sort of thing) which gives people the ability to track and control what their tax bite is.
The principal problem with either method as proposed is that they always want to make it "revenue neutral" - meaning that they bring in the same money with either of these as they would with what they get now, meaning NRST beign up around 15-17%, or a flat tax of 25-30% all across the board. No.
Concurrent with tax reformation, economic reformation also needs to happen. Elimination of trade deficits with other countries (notably Taiwan, Hong Kong, and China.) Reduction-In-Force of government departments (not the military or public safety - mainly the "adminiweenies" that take up payroll but don't actually produce or protect anything.) Reduction in pay of Congresscritters - they get enough in benefits associated with the job anyhow. A lot of money gets sent out of the country that doesn't come back (cf. "undocumented workers") - so if you're sending money out of the country without being able to show an invoice or an order slip for it, a hefty surcharge should apply. If there is a consistent history of it, then that individual should be located, investigated, and/or expelled.
Things like that. For the new tax system to be truly "fair" - we need to reduce the drain on the economy presented by paying (rather exhorbitantly) people who aren't really doing anything to help.
Also, could someone tell me why corporate execs get paid so damned much? The company my wife works for just canned their CEO - he was making ~$13M/year. As part of his "termination with cause," he was given two year's pay as severance - ~$26-27M. Hah? You're getting shown the door because you screwed up, so why should you profit from it? While we're about it, how can you justify getting paid more than the President of the United States - he's got a lot more weight on his shoulders, and his compensation (direct) is only ~$450K/year. So, that should be a limit for compensation - unless you're responsible for more than the welfare of a country and better than three hundred million people, methinks.
(Same goes for so-called "athletes" - they get paid more for one stinkin' game than some of us are going to make our entire lives. If they insist upon getting paid that well, then the risk of injury or death should be increased. Play football in an active minefield, perhaps? Make them earn that money! Besides, if they enjoy the game so damned much, why don't they play for free?
A lot of people slammed Lee Iacocca when he took over ChryCo, but I'll give him credit for one thing. He lowered his annual salary to $1 and spread around stock options like no-body's business. He essentially told everyone that "If the company does well, we'll all do well. If the company founders, we're all sunk." Especially him. Capital idea!
What's the solution? I mind two at the moment:
1) Flat Tax. Say, 10% or so. No deductions, no exemptions (except possibly for dependents) - just a flat 10% drawn from your paycheque. Eliminate tax returns as well - this reduces administrative load, meaning we can reduce personnel and get people to actually work for a living.
2) National Retail Sales Tax (cf. fairtax.org, IIRC.) A flat 5-7% national sales tax administered like county/state taxes (not on staple foodstuffs, only on goods sold as "new" - that sort of thing) which gives people the ability to track and control what their tax bite is.
The principal problem with either method as proposed is that they always want to make it "revenue neutral" - meaning that they bring in the same money with either of these as they would with what they get now, meaning NRST beign up around 15-17%, or a flat tax of 25-30% all across the board. No.
Concurrent with tax reformation, economic reformation also needs to happen. Elimination of trade deficits with other countries (notably Taiwan, Hong Kong, and China.) Reduction-In-Force of government departments (not the military or public safety - mainly the "adminiweenies" that take up payroll but don't actually produce or protect anything.) Reduction in pay of Congresscritters - they get enough in benefits associated with the job anyhow. A lot of money gets sent out of the country that doesn't come back (cf. "undocumented workers") - so if you're sending money out of the country without being able to show an invoice or an order slip for it, a hefty surcharge should apply. If there is a consistent history of it, then that individual should be located, investigated, and/or expelled.
Things like that. For the new tax system to be truly "fair" - we need to reduce the drain on the economy presented by paying (rather exhorbitantly) people who aren't really doing anything to help.
Also, could someone tell me why corporate execs get paid so damned much? The company my wife works for just canned their CEO - he was making ~$13M/year. As part of his "termination with cause," he was given two year's pay as severance - ~$26-27M. Hah? You're getting shown the door because you screwed up, so why should you profit from it? While we're about it, how can you justify getting paid more than the President of the United States - he's got a lot more weight on his shoulders, and his compensation (direct) is only ~$450K/year. So, that should be a limit for compensation - unless you're responsible for more than the welfare of a country and better than three hundred million people, methinks.
(Same goes for so-called "athletes" - they get paid more for one stinkin' game than some of us are going to make our entire lives. If they insist upon getting paid that well, then the risk of injury or death should be increased. Play football in an active minefield, perhaps? Make them earn that money! Besides, if they enjoy the game so damned much, why don't they play for free?
A lot of people slammed Lee Iacocca when he took over ChryCo, but I'll give him credit for one thing. He lowered his annual salary to $1 and spread around stock options like no-body's business. He essentially told everyone that "If the company does well, we'll all do well. If the company founders, we're all sunk." Especially him. Capital idea!
Boatwrench
NAXJA Forum User
- Location
- Petaluma, CA
JNickel101
NAXJA Forum User
- Location
- Alamogordo, NM
LOL....you think that was a Palin idea? Alaska has been doing that for years. Your ignorance shines brightly again "my friend".