Anarchist420
Diamond Member
I don't get what's so hard about proposing drastically reducing the tax rates on all income and taking out all loopholes and all deductions.
Wouldn't the Republicans have a deal with the Democrats or do the Democrats want to tax the poor more than the rich also? The Democrats are basically the party of unfair taxation, always raising the marginal rates and increasing the loopholes for the well-connected while making people who work pay more. Now the republicans apparently like to do that also.
I don't think that it's fair that hedge fund managers and inheritors don't pay and people who work do. Also, the rates for people who work pay are too damn high. So why not just tax all individual income at 10%, no exceptions and have a 10% sales tax with no exceptions? That's 100% fair and 100% flat compared to the Dick Armey FlatTax and the Bachmann, Huckabee, Linder, Boortz FairTax. The Federal government would get the same amount of revenue as they get now, which is a problem, but other than the Federal government having the power of taxation, there really aren't any other problems with my proposal for the average person.
Anyway, the Democrats lie when they say they want to tax the rich more because if they raise the top marginal rate to 45%, then there will just be more loopholes and fewer rich people will pay taxes (like when Ted Kennedy created the Estate tax, he put a loophole in it so he didn't have to pay). Increasing corporate taxes by taking away oil company deductions doesn't do jack dempsey shit, because reduced corporate income taxes gets recaptured 100% via personal income taxes.
Wouldn't the Republicans have a deal with the Democrats or do the Democrats want to tax the poor more than the rich also? The Democrats are basically the party of unfair taxation, always raising the marginal rates and increasing the loopholes for the well-connected while making people who work pay more. Now the republicans apparently like to do that also.
I don't think that it's fair that hedge fund managers and inheritors don't pay and people who work do. Also, the rates for people who work pay are too damn high. So why not just tax all individual income at 10%, no exceptions and have a 10% sales tax with no exceptions? That's 100% fair and 100% flat compared to the Dick Armey FlatTax and the Bachmann, Huckabee, Linder, Boortz FairTax. The Federal government would get the same amount of revenue as they get now, which is a problem, but other than the Federal government having the power of taxation, there really aren't any other problems with my proposal for the average person.
Anyway, the Democrats lie when they say they want to tax the rich more because if they raise the top marginal rate to 45%, then there will just be more loopholes and fewer rich people will pay taxes (like when Ted Kennedy created the Estate tax, he put a loophole in it so he didn't have to pay). Increasing corporate taxes by taking away oil company deductions doesn't do jack dempsey shit, because reduced corporate income taxes gets recaptured 100% via personal income taxes.
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