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Military.com Forums Hot Topics & Current Events Point-Counterpoint OBAMANOMICS EXPLAINED Spreading the Wealth|
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Highly Experienced Member |
'http://www.youtube.com/watch?v=jqhB8kY_E8o&eurl=http%3A%2F%2Fiowntheworld.com%2Fblog%2F&feature=player_embedded#t=110'
These guys arent exactly rightwingers. LOL |
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Member |
Thanks Gunny, now I understand.
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If you liked that one from Penn and Teller, you're going to LOVE this one.
http://www.youtube.com/watch?v=8RV46fsmx6E |
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Experienced Member |
I'm all in favor of a flat tax, wish we had it. The problem with out system now is that it places the biggest burden on the middle class. The poor pay nothing, and the rich are given more opportunities to find deductions to hide their money. I would prefer to see a fair flat tax rather than see the Obama administration continue in this vein (after all, Obama didn't invent our current tax system). What he's doing isn't socialism, it's simply adjusting the burden to a different class within the exact same system, which is placating to his "peeps", which is bulls#!t. It's the same when conservative administrations do it the other way (adjust it to favor the rich) ...that isn't capitalism; it's just a different kind of bulls#!t for a different set of peeps).
Penn and Teller have it right - our tax system is primarily designed to confuse the hell out of us and keep us quiet by making us believe that we've found a loophole that has us paying less than our neighbors (or that the current administration is creating one for us); or play on everyone's greed and sell the masses on the idea that your plan of giving the biggest breaks to the rich and putting the heaviest burden on the working man will somehow magically benefit the working man.  |
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Member |
Concur. A Flat Tax would encompass all.
No "special" consideration(s) for any level of the socio-economic strata... Elimination of the Earned Income Credit (EIC) should also be considered. I would be accepting of complete elimination of all deductions. . . Why, pray tell... Bottomline. We must have a simpler tax code, process for annual tax returns. Its inevitable, our taxes are about to sky rocket due to ALL the bailouts, handouts, multi-generational welfare recipients. How can anyone complain of a FLAT TAX applicable to everyone regardless of student status, disability status, senior status, social status, and on, and on . . . Everyone pays to be a member of the greatest nation in the world, no free lunch. |
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Experienced Member |
would a flat tax cover investments? like capital gains?
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Member |
I think we have a good, progressive tax system that needs some adjustments, but not a major overhaul. We don't need state sponsored socialism or full flat taxes. If Obama increases taxes for people making over $250,000 from 36% to 39% after 8 years of borrow-and-spend policies, it's not communism, it's pragmatic. At the same time, cutting taxes on the top 1% will not create new jobs. It will not be invested into the American public, it will sit as numbers on computer screens generating interest while artifically inflating economic "growth".
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Experienced Member |
I disagree... The end result of maintaining a progressive tax is the ability of the political parties to play games with it. By refusing to move towards a flat tax, we will continue to see the ebb and flow of higher or lower rates from class to class as the two political parties pander to their particular base while in power. Sure, the flow seems good to you now - you're seeing the rich getting stuck again, while the middle class get what appears to be a break... but, once conservatives get back into office in a few years (and they will), you're not going to be singing the praises of the progressive tax's direction. Move to a flat tax, then watch the parties as they realize there are only two things you can do with it, raise it or lower it across the board. Guess which one will get you voted out of office the fastest?  |
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Member |
Wonder what bracket you fit into? |
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Member |
SPOT ON ! ! ! |
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Member |
The last time I did a tax return, that being 2008 return, Captial Gains are considered INCOME . . .or, did I misunderstand the IRS... |
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Member |
Somewhere between $50,000 and $75,000. About 25% of my income is taxed. |
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Member |
Things would become a lot simpler that way. We wouldn't have had the record trillion dollar tax cuts under George W. Bush while government spending balloned a 5 trillion dollar deficit over 8 years. |
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New Member |
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Member |
Finally, a rare occasion. This is something we all can agree on. A fair or flat tax. I did try to start a thread a while ago, but no one participated. I think it is time for a new thread on the fair tax, the flat tax, as well as the benefits and drawbacks of both systems. Who knows, we may just come up with the ultimate in tax reform.
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Member |
Ain't gonna happen there "B-man" it just makes too much sense, and the LIBs ain't gonna do it if it makes sense . . .
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Experienced Member |
then you also understand that capital gains are taxed at a much lower rate than income is. so yeah. i guess you did misunderstand the IRS. |
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Highly Experienced Member |
If you didn't understand the IRS you are either Congressman Charlie Rangel or work for the current administration!  |
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Member |
Nope, I didn't..., and you didn't ask, "if it is income, what is the tax rate..." |
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Member |
Roger That |
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Experienced Member |
I asked if it would be covered the same as other income under this hypothetical tax system. your reply was to bring up current tax law which has no bearing on what a "flat tax" would and wouldn't cover. |
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Member |
Okay, so how far can you pizz your stream... Cause the B S above was no where near your original posting, since I can't read my wife's mind, 25+ years of matrimonial bliss, for dang sure I won't be able to read yours Karl . . .end of message |
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Experienced Member |
it was a simple question that I asked because i was curious. a "yes it would be" or "no it wouldn't" would have been fine. I don't see why you would get your panties to so twisted over such a simple question. |
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Member |
Fair response, I must be having an "ornery senior" day... Mea Culpa |
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Member |
That splains it. |
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Experienced Member |
If you are honest and work hard to try to reduce finanicial risks for your family, "spreading the wealth" is just a an obamanomics euphemism for "spreading their cheeks."
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Experienced Member |
Too many of the obamanomics minions with their Yale and Hahvahd legal edumbakashuns cannot understand the morass of confusing and obscure stipulations in the tax code monstrosity--as evidenced by their extensive "unintentional" failures to comply. The rest of us should not be expected to understand the mess, either. That code has to be simplified. Major impediments to a better tax code? Accountants and lawyers who make big money off the needless complexity. |
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Experienced Member |
Socialist programs work really well... until they run out of everyone else's money.
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New Member |
 Very true. |
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Experienced Member |
The United States Post Office is a socialist program. ... so is the United States military. While I'm sure you can find some fault with one, I doubt you have any issue with the other. |
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Military.com Forums Hot Topics & Current Events Point-Counterpoint OBAMANOMICS EXPLAINED Spreading the Wealth
