Bush's tax cuts were for everyone, right?....What's the problem??
An analogy is probably easiest to explain this GOP scam:
How about if Obama pledges to do this.... to increase voter enrollment in this country:
All who register as Republicans will get 1 penny for registering to vote
All who register as Dems will get $1,000.00 for registering.
That's fair, right?....Aren't we all getting an incentive to register?
Rich Americans saved THOUSANDS in tax savings from the GOP with the (unpaid for) Bush tax cut scam...while the middle class got just enough to pay for a tank of $5.00 gasoline.
Last edited by Devil505; 07-15-2010 at 06:18 AM.
"The secrecy of my job prevents me from knowing what I am doing"
"I cannot undertake to lay my finger on that article of the Constitution which granted a right to Congress of expending, on the objects of benevolence, the money of their constituents." James Madison
Last edited by Devil505; 07-15-2010 at 07:03 AM.
"The secrecy of my job prevents me from knowing what I am doing"
a) The income tax is not flat; it is unfortunately "progressive," increasing in % steadily as the number being taxed gets bigger.
b) Many people, myself included, think this is unreasonable. Based upon what a percentage is, a bigger number already means paying more, by virtue of it being a bigger number. That is what a percentage is, and how it works when applied to any given number.
c) Efforts to flatten taxation - such that everyone pays the same percentage of whatever is being taxed - will invariably result in those currently paying a disproportionately higher percentage to now be paying less than they were, assuming you are still taxing that same thing in that same general manner. However, again, by virtue of percentage, all people taxed under a flat tax pay "their fair share."
d) A NSRT would be entirely flat, and is also preferable in many other ways to the current bloated complicated monstrosity we have in this country in the form of income taxation and the IRS. The rich tend to buy more expensive luxuries anyway, and this tax is of course opt-in.
Last edited by JayDubya; 07-15-2010 at 07:29 AM.
That's the whole point of the (unpaid for..Forced down our throats via Reconciliation) Bush Tax cut SCAM.......Bush, Cheney, Warren Buffet, Rupert Murdoch all get hundreds of thousands while us middle class peons got crumbs.
Maybe you'd like to answer the question the BM is avoiding: Why did the rich get vastly richer under Bush & the GOP ...while the middle class & the poor get vastly poorer?
Last edited by Devil505; 07-15-2010 at 07:40 AM.
"The secrecy of my job prevents me from knowing what I am doing"
Read the rest of the post. It's called a flat tax, and it's something many people advocate, including myself.
If you do or have more of whatever is being taxed, and you are being taxed by the same percentage as everyone else, you are already paying more tax. That is already "paying your fair share."
"I cannot undertake to lay my finger on that article of the Constitution which granted a right to Congress of expending, on the objects of benevolence, the money of their constituents." James Madison
There are many reasons why economists and policy-makers worldwide do not even consider your proposals. Politically and economically speaking, a flat tax is nothing more than ideological nonsense. It might sound good to those who don't understand production, but it'd adversely affect the economy.
Whose money? That's merely opinion. You can't keep posting opinions as if they were fact; I can't come across a post where you don't. At least have some kind of educational or reasonable backing to your claim; I could easily argue that between government infrastructure and market imperfections— taxes are merely a government's way of getting a return on its investment and correcting market tendencies.
Many people... and no prominent economists of any school or country... for a reason.