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re: President* Biden: Think about this: If you ask the top 1% to pay the same tax rate...!

Posted on 7/8/21 at 7:38 pm to
Posted by Taxing Authority
Houston
Member since Feb 2010
57223 posts
Posted on 7/8/21 at 7:38 pm to
quote:

Change voting laws to where one has to have owed taxes on a return in the last four years in order to vote. Why should the life-long takers have a say in how tax dollars are spent?
We need a system thst works more like shareholders. Say, $1000 in taxes paid = 1 vote or something.

As long as a slim slice of the citizenry is paying a vast majority of the taxes, we shouldn’t have equal voting rights.

The masses can vote themselves other people’s money way too easily. You can see the results in today’s budget which almost all transfer payments and debt interest.
Posted by hawkeye007
Member since Feb 2010
5851 posts
Posted on 7/9/21 at 8:58 am to
consumption tax doesn't make since at all to me. I am not a flat tax person either. While he concept of everyone paying the same amount in % seems like a grand idea, my question is will the Math work on a flat tax. The tax cut bill is already going to be a headache on revenue so without cutting spending ( which neither party will do)there is a crisis upcoming.
Posted by frogtown
Member since Aug 2017
5007 posts
Posted on 7/9/21 at 9:34 am to
quote:

consumption tax doesn't make since at all to me. I am not a flat tax person either. While he concept of everyone paying the same amount in % seems like a grand idea, my question is will the Math work on a flat tax. The tax cut bill is already going to be a headache on revenue so without cutting spending ( which neither party will do)there is a crisis upcoming.




Our current system gives the central planners in DC way too much power. They are able to reduce this tax, increase that tax, give a deduction here, a tax credit there, all this to buy votes from their targeted groups. It would be easier just to set a flat consumption tax rate and be done with it. Then force the Federal Govt to live within their means.
This post was edited on 7/9/21 at 9:51 am
Posted by Aggie1965
Member since Apr 2021
116 posts
Posted on 7/9/21 at 9:44 am to
Has yet to send me my refund check I mailed in on April5th.
I know this is no solace to you but mine was e-filed on April 12th, still no response, had CPA request file (had to sign power of attorney). Still no response. I wonder if I can list the unpaid refund as donation on 2021filing.
Posted by hawkeye007
Member since Feb 2010
5851 posts
Posted on 7/9/21 at 10:19 am to
pipe dream, with these two parties are not going to control spending.
Posted by Flats
Member since Jul 2019
21756 posts
Posted on 7/9/21 at 10:24 am to
quote:

Our current system gives the central planners in DC way too much power.


Exactly. The second problem is the number of people who contribute zero to the tax base, the third problem is the lack of transparency. A VAT would fix all three, which is why it’ll never happen.
Posted by jts1207
Member since Apr 2018
927 posts
Posted on 7/9/21 at 10:26 am to
Kind of puts these trillion dollar aid packages in perspective. $13 billion is nothing
Posted by jclem11
Neoliberal Shill
Member since Nov 2011
7767 posts
Posted on 7/9/21 at 11:42 am to
quote:

My proposal is to eliminate the IRS and implement a VAT tax. Get rid of everything else: income taxes, property taxes, sales taxes, death taxes, tariffs, etc, etc, etc. fricking EVERYONE pays the same rate whenever they consume anything. Don't want to pay taxes? Don't buy stuff.



Tell us you hate lower income folks without telling us you hate lower income folks.

Regressive taxes such as this are not fair; they are punitive on lower income folks.
Posted by Flats
Member since Jul 2019
21756 posts
Posted on 7/9/21 at 11:48 am to
quote:

Tell us you hate lower income folks without telling us you hate lower income folks.


That’s such a tired response; don’t you mensa members ever come up with anything new? It’s unhealthy for people to get a voice in making financial decisions for the country when they don’t contribute anything to those finances. That’s pragmatism, not hate.
Posted by Taxing Authority
Houston
Member since Feb 2010
57223 posts
Posted on 7/9/21 at 11:56 am to
quote:

pipe dream, with these two parties are not going to control spending.
To be fair, both parties are delivering what voters want. More "free" stuff.
Posted by sawtooth
Baton Rouge
Member since Jul 2017
3588 posts
Posted on 7/9/21 at 11:59 am to
How about a flat tax for EVERYONE you nimrod. Eliminate all the deductions and operate under a balanced budget. Easy breezy but the politicians like things just the way they are now.
Posted by Hennigan
Member since Jan 2020
987 posts
Posted on 7/9/21 at 12:07 pm to
quote:

Let’s stop treating college as a place to “find yourself” and “explore the classics”


Exploring the classics and learning how to think was the entire purpose of college for most of its history. It is now primarily an instrument of indoctrination to marxism / leftist thought.
Posted by frogtown
Member since Aug 2017
5007 posts
Posted on 7/9/21 at 12:08 pm to
quote:

pipe dream, with these two parties are not going to control spending.




Another "pipe dream" is thinking the Fed Govt can continue to spend money like it has without consequence.

IMO, our country is 5-10 years away from some sort of forced austerity. I am looking forward to this happening.
Posted by DownshiftAndFloorIt
Here
Member since Jan 2011
66763 posts
Posted on 7/9/21 at 12:34 pm to
quote:

We need a fairer tax system


Agreed. Quit taking 30% of my damn income
Posted by OceanMan
Member since Mar 2010
20018 posts
Posted on 7/9/21 at 12:57 pm to
Such a stupid concept. Hey I want to buy something (community college), rather than looking at my current budget and seeing if I could move some things around to afford it, I will just make more money.

It is not sustainable.
Posted by 98eagle
Member since Sep 2020
1962 posts
Posted on 7/9/21 at 1:12 pm to
(no message)
This post was edited on 7/19/21 at 4:45 pm
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