- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Coaching Changes
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: No taxes for those making under $150K is a stupid idea. Quit picking winners and losers
Posted on 3/14/25 at 9:36 am to LSUFreek
Posted on 3/14/25 at 9:36 am to LSUFreek
quote:
We agree on most things, stout, but you lost me on this one.
Actually we still agree
quote:
Tariffs & consumption taxes. That's what it was, and should be again. If you don't want to be taxed, don't consume goods/services
This is the most fair and what I hope to see happen so we are on the same page. As long as the burden is fair for everyone and this is the most fair.
0
Posted on 3/14/25 at 9:38 am to stout
quote:
Trump has lost me on this one.
Not sure why you didn't see it coming with the first three vote-buys.
Trump's been picking winners and losers this whole campaign cycle.
Posted on 3/14/25 at 9:42 am to stout
This general idea was basically just floated less than a day ago and you are already presuming the rules related to child tax credits? Give me a break.
You lost me on your half baked response to a plan that is only at about 5% on the details.
You lost me on your half baked response to a plan that is only at about 5% on the details.
Posted on 3/14/25 at 9:47 am to BugAC
quote:
How so? 50% of the population pay NO TAXES. "Taxing the rich" is straight out of the Democrat handbook. That's not hyperbole, you can google the phrase and find multiple Democrats stating as such.
I believe you meant 50% pays no federal income taxes. Which make up probably less than 1/4 of taxes (guessing). You still have Medicaid, Medicaid, social security, state taxes, property taxes, etc; all paid by the bottom 50%, directly or indirectly.
Also, the bottom 50% only own about 2.5% of the wealth in the country. They make about 12% of the total income Most of these people are struggling just to survive on a daily basis. How much tax do you think these people should be paying??
Posted on 3/14/25 at 9:49 am to BugAC
the top 10% of wage earners pay 90% of all income taxes now.
Posted on 3/14/25 at 9:50 am to stout
you know, you can just make the first 150 tax free.
Posted on 3/14/25 at 9:50 am to ragincajun03
quote:
I've been a supporter of it since 2005 or so. Tough sell politically. Herman Cain got slaughtered by the media and the rest of the 2012 GOP Primary field on the issue.
Maybe with as large a following of dedicated disciples Trump has, similar to Obama in 2008-2010 timeframe, he can sell it and get enough momentum to get it done.
I think it could gain some bipartisan traction if Republicans marketed it differently.
Sell the prebate as exactly what it is... UBI. As a political bargaining chip maybe tier it based on family size and income level. This could make the tax more progressive.
You could also use a carrot to encourage employers to do things like raise wages, and benefits or lower prices. Companies that do not meet the requirements have to continue paying the employer side of the payroll tax, but those that do can get an exemption.
Posted on 3/14/25 at 9:52 am to dickkellog
quote:
married couple with 2 kids making 100k per year now pay's practically pay no income tax now.
Correct, if the gross is 100K after insurance, retirement contributions, and standard deduction plus 4K in child tax credit they effective rate on a couple grossing 100K is like 2.5%.
Posted on 3/14/25 at 10:05 am to LSUFreek
quote:
Any step, partial or full, to the ending income tax is a great step in the right direction that follows the vision of our Founding Fathers.
Not when that path penalizes success to the tune of 7% of the working population having to carry the income tax burden for the entire country.
Posted on 3/14/25 at 10:09 am to stout
quote:
Under that proposal, a childless couple making $150K is way better off than a professional couple with 4 kids making $200K even when accounting for child tax credits
I agree with the flat tax, but complaining because you don't get it right now is pointless. Trump already told you he is working to remove all taxes.
You wanted a tax break. Trump gave you one, but it helps others more than you, so it's no good. You can always find a reason to not support a tax break, especially when your argument is "it's not fair."
Do you want smaller government or only when you personally benefit from the smaller government?
quote:
It's essentially expanding the welfare class to $150K and below. Want to stop upward mobility? Then make a 6-figure salary untaxable to a certain threshold.
This doesn't make sense. If this were true, then why is there mobility above the current low tax break? If your logic is sound, we should only tax the poor people to encourage them to move up and to reward success.
Nothing allows people to move up more than extra money.
You want a better job? Get an education or a skill. Except this requires money. It also requires money for an average person to create a small business. How many more small businesses would be successful if the first 150k was tax free?
Do you live in a down area and want to move to make more money? You need money to do that.
In your strive for fairness, you are actually destroying upward mobility by limiting the one thing poor people need to move up, extra money. With fewer small businesses, people become more dependent on large companies, which will only widen the gap between the average person and the 1%.
You say taxing rich people more is unfair and punishing success. Rich people have an outsized influence over politics. Zuckerberg was able to give $400 million dollars to get Biden elected. Rich people have this power, but you are concerned about them because they have to pay a higher tax rate. Unless they're smart enough to hire a tax attorney. Then they can finagle a lower tax rate and still control our politics.
Even if you make $200k, you are still able to donate more to politicians to get your way, especially at the local level. Someone making $200k may have to pay more taxes, but they are also able to "donate" for beneficial permits and regulations that poor people can't.
There's more to having more money than just extra taxes. If we're going to complain about fairness, let's examine the full picture.
Why should I be concerned about rich people paying a higher tax rate when they have more influence? That seems like a fair tradeoff.
quote:
Why would an average person ever strive to make more after hitting $150K?
I imagine for the same reason they move up tax brackets now. You currently pay more taxes with more income and people still work after moving up a tax bracket, so I'm not sure this is a valid argument.
quote:
Side note: Under all of the proposed plans someone could make $200K+ tax free. For example the first $150K would be tax free and let's pretend the rest of their income is overtime then that is also tax free meanwhile the salary people get screwed making the same amount of money through salary and bonuses and possibly working just as much.
Under the current system, people who make just above a tax threshold will have less take home pay than someone who makes just below. There will always be inequalities in every system to cherry pick.
Would this tax plan help the majority of Americans and strengthen the country as a whole? Yes, so bitching because someone else gets a little more benefit than me doesn't make sense.
Posted on 3/14/25 at 10:11 am to stout
You do realize most tax revenue comes from those making more than 150k? You cannot offset income taxes with tariffs alone and I would support a flat tax but it would never pass
Posted on 3/14/25 at 10:13 am to stout
quote:
Under that proposal, a childless couple making $150K is way better off than a professional couple with 4 kids making $200K even when accounting for child tax credits
do you really think this will pass? And if it did, do you really think that those earning more won't get something as well? I appreciate that the "goal" is to eliminate taxes. But it aint gonna happen. And it certainly won't happen for one group and not the other(s). The "losers" won't allow it.
Posted on 3/14/25 at 10:15 am to stout
quote:
Under that proposal, a childless couple making $150K is way better off than a professional couple with 4 kids making $200K even when accounting for child tax credits
It would obviously be progressive so that this isn’t the case
Posted on 3/14/25 at 10:16 am to stout
quote:
Trump has lost me on this one.
Populism giveth, and populism taketh away.
Posted on 3/14/25 at 10:18 am to stout
quote:
External Revenue through tariffs is the best plan proposed so far
How does the math work on that.
Posted on 3/14/25 at 10:18 am to TenWheelsForJesus
quote:
You wanted a tax break.
This isn't a tax break. This is shifting the tax burden to 7% of the working population. A tax break would be a tax cut.
quote:
You can always find a reason to not support a tax break, especially when your argument is "it's not fair."
That's the left's entire argument for "taxing the rich". "Fairness". You are supporting marxist ideas because of who proposed it, not because of the merit of the proposal.
quote:
Do you want smaller government or only when you personally benefit from the smaller government?
Smaller government is reduction in government and lower taxes. This specific proposal does not address either.
quote:
If this were true, then why is there mobility above the current low tax break?
If my tax burden goes from zero at $148k, then i get a raise or promotion to 160k, and now my tax burden is 40%+, that will definitely stimy advancement. Only a fool would accept that raise if it nets them less take home pay. And doing this in the name of "make the wealthy pay more" is straight from Karl Marx.
quote:
I imagine for the same reason they move up tax brackets now.
The raise in income tax is gradual, not 0-40% once a certain dollar mark is hit. I disagree with a progressive income tax as well, but pretending this is the same is simply cheerleading for the person who proposed it and not looking at the proposal on its merits.
quote:
Would this tax plan help the majority of Americans and strengthen the country as a whole? Yes, so bitching because someone else gets a little more benefit than me doesn't make sense.
And as i state to the left when they propose the same thing, why is $150k the limit. Why not $120k? 100k? When does it stop? Why is $150k deemed those more responsible for the tax burden and not other income ranges? Why is $150k the "fair share" breakpoint?
This post was edited on 3/14/25 at 10:19 am
Posted on 3/14/25 at 10:19 am to stout
Do away with income tax completely and shift to a user tax on all purchases. The more you make, the more you spend and more taxes you pay, but don’t penalize me for making more money than the next guy. Do away with the IRS because they wouldn’t be needed. Lottery winnings would also not be taxed since the pot would be seeded by taxes collected from the purchase of the tickets.
Posted on 3/14/25 at 10:19 am to BugAC
quote:
Not when that path penalizes success to the tune of 7% of the working population having to carry the income tax burden for the entire country.
So, your answer is to stomp your feet that the other 93% should continue to have their earned income stolen? No. Two wrongs don't make a right. The 7% would just have to be more vocal about not having their wealth stolen. I'd support your cause and even change my facebook pic.
Posted on 3/14/25 at 10:21 am to LSUFreek
quote:
The 7% would just have to be more vocal about not having their wealth stolen.
Holy shite.
Posted on 3/14/25 at 10:24 am to stout
Isn't this pretty much the case with people making under a certain amount now? Not sure of the number but I think I have seen that people making 30k a year come out better than some making 45k a year.
Should just pay sales tax. The same rate everywhere and not get an income tax. The wealthy buy more and would pay more in taxes than the poor.
Should just pay sales tax. The same rate everywhere and not get an income tax. The wealthy buy more and would pay more in taxes than the poor.
Page 3 of 8
Popular
Back to top
Follow TigerDroppings for LSU Football News