Romney said he was appalled to "pass down debt to children" | TigerDroppings.com
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Jahel
Member since Nov 2011
5576 posts

Romney said he was appalled to "pass down debt to children"

don't want to BUMP Original

RETRO INCOME TAX


Image: http://upload.wikimedia.org/wikipedia/commons/thumb/e/ed/US_Public_Debt_Ceiling_1981-2010.png/300px-US_Public_Debt_Ceiling_1981-2010.png


quote:

1988,1991,1992,1994,1995,1998-2001,2005....are safe years

If you filed in any other year between 1980-2010, you owe more than you paid.

Your share of the national debt is equivalent to what tax rates would have needed to be adjusted to , to bring revenue=cost that given year.

if you were at the 17% bracket and another was at a 23% bracket, then a 10% increase to tax rates that year would bring you up to a 18.7% and the other to 25.3%...of your Income for that year.

A bit of research would have to be done on filings to see how much %tax rate increase would be necessary each individual year, but all is available in the IRS database and not much effort.

The idea behind this is that those responsible for the accrual of the debt should be held responsible for the debt.

Before you say it's wrong to back tax people, do you think it's right that they now get to push the burden down to others instead?

A lien is put onto your estate until the debt is repaid.


LINK


pay the debt from the people who made the debt.....

please forward to Romney Campaign....TIA


SlowFlowPro
Stanford Fan
Simple Solutions to Complex Probs
Member since Jan 2004
307934 posts
Online

re: Romney said he was appalled to "pass down debt to children"
quote:

pay the debt from the people who made the debt.....

they're not paying it, and they're about to make it explode when they hit elderly age (medicare/SS)

i don't get what your point is?
This post was edited on 10/4 at 2:40 pm


Jahel
Member since Nov 2011
5576 posts

re: Romney said he was appalled to "pass down debt to children"
quote:

i don't get what your point it?


attach a lien to their estate...."retro death tax"


Fun Bunch
New Orleans Pelicans Fan
New Orleans
Member since May 2008
30994 posts
Online

re: Romney said he was appalled to "pass down debt to children"
He thinks that we should greatly increase the estate tax so that "the ones that created the debt are paying it off."



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constant cough
LSU Fan
Lafayette
Member since Jun 2007
41479 posts
Online

re: Romney said he was appalled to "pass down debt to children"
quote:

i don't get what your point is?


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SlowFlowPro
Stanford Fan
Simple Solutions to Complex Probs
Member since Jan 2004
307934 posts
Online

re: Romney said he was appalled to "pass down debt to children"
quote:

attach a lien to their estate...."retro death tax"

so what do we calculate? how much excess they received in their life? the combined amount of all government programs?

you're going to have this lien on people who don't have property


ZZTIGERS
Miami (OH) Fan
Member since Dec 2007
11704 posts
Online

re: Romney said he was appalled to "pass down debt to children"
Wait. Are you talking about confiscating people's private property, even though they legally paid the taxes set forth by the government during a particular year(s)?



Jahel
Member since Nov 2011
5576 posts

re: Romney said he was appalled to "pass down debt to children"
quote:

so what do we calculate?


what taxes would have had to been to have a balanced budget in the years with deficits

quote:


you're going to have this lien on people who don't have property


if they lost everything, I guess.

If you were responsible for .0000000035% of taxes paid in 1987....then you are responsible for .0000000035% of the deficit that year.




Jahel
Member since Nov 2011
5576 posts

re: Romney said he was appalled to "pass down debt to children"
quote:

Wait. Are you talking about confiscating people's private property, even though they legally paid the taxes set forth by the government during a particular year(s)?



read your statement....think about it

the same people who were okay with stealing money from the future....will be upset if the future says...pay what you spent?


wickowick
LSU Fan
Head of Island
Member since Dec 2006
26811 posts

re: Romney said he was appalled to "pass down debt to children"
quote:

If you were responsible for .0000000035% of taxes paid in 1987....then you are responsible for .0000000035% of the deficit that year.


Sounds like Obama really put it to us...


sparkinator
LSU Fan
South of R-kansas
Member since Dec 2007
1685 posts

re: Romney said he was appalled to "pass down debt to children"
What about the freeloaders and the bums that didn't pay any taxes during those years. Are they allowed to be freeloaders in your plan as well.

Your plan really isn't as fair as you make it out to be, huh?


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Waffle House
Virginia Fan
NYC
Member since Aug 2008
2498 posts
Online

re: Romney said he was appalled to "pass down debt to children"
quote:

1988,1991,1992,1994,1995,1998-2001,2005....are safe years

If you filed in any other year between 1980-2010, you owe more than you paid.


And if you had 0 income, and thus didn't file taxes, do you owe anything?


Jahel
Member since Nov 2011
5576 posts

re: Romney said he was appalled to "pass down debt to children"
quote:

And if you had 0 income, and thus didn't file taxes, do you owe anything?


nope. the tax system in place didn't have the correct %'s as to maintain a balanced budget....so those income earners at the time owe more in income tax.


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ZZTIGERS
Miami (OH) Fan
Member since Dec 2007
11704 posts
Online

re: Romney said he was appalled to "pass down debt to children"
Great. And exactly what kind of precedent do you think this sets? You think people don't trust the government now.....

I always think how absurd when these "modern day civil war" threads are started, or an uprising against the government is coming, but implementation of something like this.....


Bard
LA-Monroe Fan
BR
Member since Oct 2008
18244 posts
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re: Romney said he was appalled to "pass down debt to children"
quote:

RETRO INCOME TAX


Not only does that open an insanely dangerous door, the logisitics for figuring this up as well as for the bureacracy it would create would be a nightmare deserving of Dante's lowest circle of Hell.


Jahel
Member since Nov 2011
5576 posts

re: Romney said he was appalled to "pass down debt to children"
quote:

Sounds like Obama really put it to us...


yes, and a shite storm in the streets when the GOV spends too much


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wickowick
LSU Fan
Head of Island
Member since Dec 2006
26811 posts

re: Romney said he was appalled to "pass down debt to children"
quote:

I always think how absurd when these "modern day civil war" threads are started, or an uprising against the government is coming, but implementation of something like this.....


Since we are thinking out the box, why not just kill off all the free loaders. Sounds cheaper and saves money in the long run. Give them a year to be productive...


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Jahel
Member since Nov 2011
5576 posts

re: Romney said he was appalled to "pass down debt to children"
quote:

Not only does that open an insanely dangerous door, the logisitics for figuring this up as well as for the bureacracy


how....it's a simple bill attached to your estate

accrued debt is accrued to you not your kids


CITWTT
LSU Fan
baton rouge
Member since Sep 2005
31765 posts

re: Romney said he was appalled to "pass down debt to children"
You are actually dumber than your avatar leads one to believe is the case.


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dinosaur
LSU Fan
Louisiana
Member since Aug 2007
651 posts

re: Romney said he was appalled to "pass down debt to children"
There may be a constitutional issue with this idea.


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