Lets really cut taxes fairly (my ideas)

[werepossum]

I have a better idea. How about we reform the tax code so 90% of the population can file on a 1 page form?

That's the Democrat tax form.
1. State total income _____________________
2. Include check for amount on line 1.

 

[ShawnD1]

That's the Democrat tax form.
1. State total income _____________________
2. Include check for amount on line 1.

Are you sure you understand how a tax refund works? The gubment already has yo money. You're filing a form that is asking to get that money back.

This is why I thought it was so funny when those libertarian paulsies were saying the US income tax was unconstitutional and that's why they didn't file for a tax refund. So because they didn't like tax, they decided to pay extra tax? :awe:

 

[CycloWizard]

Are you sure you understand how a tax refund works? The gubment already has yo money. You're filing a form that is asking to get that money back.

This is why I thought it was so funny when those libertarian paulsies were saying the US income tax was unconstitutional and that's why they didn't file for a tax refund. So because they didn't like tax, they decided to pay extra tax? :awe:

I wrote the government a check in April. I think that means I'm bad at math or you're wrong.

 

[IGBT]

#
Co-Chairman Erskine Bowles
U.S. Debt Proposal Would Cut Social Security, Medicare

The co-chairmen of President Barack Obama ’s debt-reduction commission will propose cuts to Social Security and Medicare, as well as reductions in income tax rates in exchange for curbing tax breaks, according to a Republican aide who attended the meeting.

 

[Infohawk]

OP sounds like he wants to make things even more complicated... get rid of all deductions.

 

[piasabird]

Get rid of all tax credits.

Education, senior citizens, child care, school lunches, welfare, etc.

No exemptions for real estate, loans, cars, insurance or savings plans.

Make any company receiving a tax abatement consider that as income as payment-in-kind on their federl income taxes.

If a preacher gets paid void the churches tax exempt status. If a person works for money then that is a business.

Get rid of business expenses as exemptions.

Get rid of all H1B visas.

Dont allow lower tax rates for single parents. Use one tax rate for everyone.
15% seems like a good rate but if we have no exemptions for anyone an honest 10% tax on the Gross should be about right.

 

[ShawnD1]

I wrote the government a check in April. I think that means I'm bad at math or you're wrong.

You should have taken your taxes to H&R block. Often they charge something like 10% of the tax refund. If you end up writing a check, maybe H&R block would help pay 10% of it

 

[soulcougher73]

Once again, the jealousy shows through.
The "super Rich" already pay a disportionate amount of taxes as it is on income, plus they pay taxes on other sources of income, AND higher property taxes.

Just because you are to lazy or not smart enough to go out and become a millionaire is no reason to hate on those that are.

And yet they are still "super rich". Apparently we are not taxing them enough since these taxes are not actually effecting them or their lifestyle.

 

[soulcougher73]

Exactly

Umm we dont need more poor people having kids fostered into welfare. Its already out of hand as it is. If anything they should be penalized and maybe they would knock it off.

 

[IndyColtsFan]

If a preacher gets paid void the churches tax exempt status. If a person works for money then that is a business.

That's something I don't often see mentioned, but I think should seriously be examined -- the tax exempt status of religious organizations. It really pisses me off when I see a new church the size of an arena built.

 

[Scotteq]

Umm we dont need more poor people having kids fostered into welfare. Its already out of hand as it is. If anything they should be penalized and maybe they would knock it off.

If you're poor enough to need Welfare, then your effective tax rate is zero/near zero anyhow. A $1000 write down on your overall income is meaningless.


And yeah - I'm sure they're doing it for the tax credit /rolleyes

 

[ElFenix]

Get rid of business expenses as exemptions.

then you're not taxing income, you're taxing cash flow. terrible idea.

 

[Craig234]

Taxation ought to be based on the notion that the more one economically benefits from citizenship (or non citizen earner) the more they should pay for that condition.

No, they should be based on the need to raise enough taxes to pay for the spending (and the spending should be based on society's needs and the ability to tax enough to pay without overtaxing), and distributed by a 'progressive' notion that recognizes the 'American Dream' relies on those who have less being taxed less to have enough for a decent living, while the wealthy are taxed more, but still have an incentive to be 'productive'.

That goal isn't written in stone. We've had a top tax rate of 91% with more deductions, and the economy did fine, including the rich being productive - and the middle class thrived.

We've had lower rates (70% up to Reagan) that also had decent economic results, as far as the tax rate and incentives for the wealthy are concerned.

The nation began an unprecedented shift in favor of the wealthy under Reagan - at the same time he cut the top tax rate to 38%, IIRC.

This post isn't to try to establish causal effects - but this is when the 'rising tide' stopped lifting all boats as the bottom 80% stopped getting any of the economic growth after inflation despite productivity increases, when the concentration of wealth started shooting higher back to the peaks just before the Great Depression, for that matter when lobbyists went from under 1,000 pre-Reagan to today's 36,000.

We can have an American where there are rich, middle and poor but the 'American Dream' is more widely available for people, or one that's a plutocracy, with widespread poverty.

Choices like these tax policies are important to determine which we have, and the arguments by those who favor plutocracy are lies that the other side is the smae as the USSR, and will destroy the incentives for the wealthy and cause poverty with low productivity. But they have massive marketing organizations to sell those lies, and massive media machinery to spread them, and they fool a lot of people.

After decades of their message being exposed as lies and the nation seeing its middle class thrashed while the top 0.01% skyrocket, the lies are still fooling a lot of people.

The very poor - for what ever reason - benefit the least and therefore should pay the least... AND there should be a threshold called poverty that does not demand any taxation.
At the end of the day the total revenue in should equal the total expenditure out... Except for infrastructure creation and economic stimulus needs.... Lt Debt is a fine source but with a pay down scenario included... Wars ought to be waged at the expense of the warrior minded and those who'd benefit from that endeavor with the only exception being one where we've been attacked in a real sense.

How about unnecessary war *not being waged*?

Society in general should not ask for more of what they already know some folks have none of... but neither should society be 'forced' to contribute to the needs of the very poor beyond some reasonable point... And that point considers the revenue/expenditure aspect of reality.

That's right - and the liberals' position fits that, while the right's is to move to plutocracy.

 

[soulcougher73]

If you're poor enough to need Welfare, then your effective tax rate is zero/near zero anyhow. A $1000 write down on your overall income is meaningless.


And yeah - I'm sure they're doing it for the tax credit /rolleyes

Well then if its meanless then lets cut it out. Using your own words against you. How fun.

 

[Scotteq]

Well then if its meanless then lets cut it out. Using your own words against you. How fun.

So that - once again - we penalize the working and middle classes because some mindless fuck of a child can't understand a tax return. Great idea!! Let's make it even harder on working people than it already is!!!

Are you not on welfare but make less than $75K (Head of Household)?? Then you get to take a small credit to help care for your children. But Nooooo - Not if uncomprehending jackasses like you get put in charge: In that case, be prepared to be gleefully screwed out of every penny possible.

I thought you assholes were looking to Tax the Rich, rather than run around mindlessly fucking everyone in sight. Sorry to see I was wrong.

 

[ShawnD1]

And yeah - I'm sure they're [having kids] for the tax credit /rolleyes

I don't understand why anyone thinks anyone else has kids for the tax deduction. The only people I have ever met that wanted kids were average or better income couples. That would be your standard couple of 30 year olds with well established careers. Shit on Maury and Jerry Springer don't count. (lol maury show sluts).

If you really wanted octomom to end, yall would support putting subsidies on abortions and pumping a bunch of pro-abortion propaganda into schools. There are very serious ethical problems with this approach, but don't tell me it wouldn't work

 

[CycloWizard]

No, they should be based on the need to raise enough taxes to pay for the spending (and the spending should be based on society's needs and the ability to tax enough to pay without overtaxing), and distributed by a 'progressive' notion that recognizes the 'American Dream' relies on those who have less being taxed less to have enough for a decent living, while the wealthy are taxed more, but still have an incentive to be 'productive'.

This is the inherent contradiction: need is infinite. Once the current needs have been met, new things become "necessities." Maybe this is how you plan to improve the quality of life of the nation as a whole, but it's a shortsighted approach because the more necessities which government provides, the more it costs. This reaches a head when the turnip runs out of blood: need is infinite, but wealth is not.

 

[ElFenix]

Wat funding are they getting? Every source I've ever seen shows University of Phoenix being as expensive as real universities like Princeton. One of the reasons it keeps making the news is because education loans stay with you even after you've filed for bankruptcy. People go there, learn fuck all, go bankrupt, and they are still required to pay back all federal loans. So basically the school doesn't get any gubment money. The get your money based on a loan, and you owe that for the rest of your life.

education loans are a giant subsidy. the only reason UoP is able to continue with its high tuition is because the loans are guaranteed and subsidized by the federal government. without that guarantee, no one would loan money to a for-profit college student, because they're about 10% of the students but make up 45% of the defaults. based on my bad math that's about 20x higher default rate than the regular college students.

in addition, UoP is by far the largest recipient of pell grants, a federal fund source which don't need to be paid back. again, for-profit colleges have about 10% of students, but receive a quarter of pell grant funds.