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Old 09-28-2015, 02:34 PM   #1
J Sweet
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Default Trumps true colors come out

So he's a socialist........ and he's done.


http://www.msn.com/en-us/news/politi...d=ansmsnnews11
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Old 09-28-2015, 02:36 PM   #2
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Hahaha I think we were all waiting for this to happen
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Old 09-28-2015, 02:37 PM   #3
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He ain't done

Hannity is praising him on the radio right now
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Old 09-28-2015, 02:39 PM   #4
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Hannity is a douch bag.
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Old 09-28-2015, 02:40 PM   #5
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He's been saying this from day one.....guess he finally just put it on paper or something?
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Old 09-28-2015, 02:41 PM   #6
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So he's a socialist........ and he's done.


http://www.msn.com/en-us/news/politi...d=ansmsnnews11
I'm no trump fan but he's not proposing higher tax rates on people who make high W-2 income like execs and doctors. He wants to close loopholes on guys like stephen swarzman who make 500 million on a deal and then pay almost nothing in taxes becauses of the way Hedgefunds and REITS are taxed. Plus they use tax shelters and entities to bamboozle the IRS.
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Old 09-28-2015, 02:41 PM   #7
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This is what he has been saying quite sometime now, so no surprises here. I would suggest listening to him instead of the media which want's him gone. Just FYI I'm not a big fan but I do like the issues he's bringing to the front.
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Old 09-28-2015, 02:45 PM   #8
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I like the no tax on the bottom dollar folks...then they wont get back money they never payed in, in the first place..i know some folks who get 3 to 4 k back, and only pay in 2k...aint right
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Old 09-28-2015, 02:46 PM   #9
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Don't sound socialist to me..
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Old 09-28-2015, 02:47 PM   #10
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I'm no trump fan but he's not proposing higher tax rates on people who make high W-2 income like execs and doctors. He wants to close loopholes on guys like stephen swarzman who make 500 million on a deal and then pay almost nothing in taxes becauses of the way Hedgefunds and REITS are taxed. Plus they use tax shelters and entities to bamboozle the IRS.

As much as I dont like sleezy hedge fund managers this is still socialism right? He is going to reduce the tax rate on even the rich he says but get rid of all "loopholes" ie deductions so they will pay even more which is the only way others can pay less than they are now. He also wants to go after tax bas erosion practices of global corporations and tax those overseas earnings which will destroy jobs.


The sickest part is even more welfare for the poor. Zero taxes for married making under 50K, we might as well take all incentives for these people to bother to get a job (pretty sure this would be the last).
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Old 09-28-2015, 02:49 PM   #11
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Originally Posted by txhoghunter73 View Post
Hahaha I think we were all waiting for this to happen
Yep. Well at least he got everyone to talk about illegal immigration.

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Hannity is a douch bag.
Love it. With a bullet proof helmet on his head.
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Old 09-28-2015, 02:50 PM   #12
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Old 09-28-2015, 02:51 PM   #13
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i like the no tax on the bottom dollar folks...then they wont get back money they never payed in, in the first place..i know some folks who get 30to 40k back, and didn't pay in...aint right

fify!!! :0(
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Old 09-28-2015, 03:13 PM   #14
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He is proposing a zero income tax rate for households with incomes up to $50k for married couples and $25k for individuals. It sounds like a program aimed at middle/lower income folks but it isn't because of how tax brackets work. Under this plan if you make $100k you would pay zero tax on the first $50,000 in income, resulting in a tax savings for that person of maybe $6,000 a year. Trump's cuts would be tiny for lower income households because they are paying nothing or very little to start with. All the talk about changing tax rules on carried interest and the hedge fund guys will not come close to making up for the lost revenue. On a philosophical level, I don't think it is a good idea to take another 31 million households off the tax roles - just more people with no skin in the game who won't care about expanding government cause they ain't paying for it.
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Old 09-28-2015, 03:14 PM   #15
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So he's a socialist........ and he's done.


http://www.msn.com/en-us/news/politi...d=ansmsnnews11

I'd rather die under a Socialism government than to suffer under a Communist dictator that is currently in office.

Our children are in serious trouble unless something changes for the better


The sad thing, Washington DC is a CLUSTER and those in office DGAF about the people
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Old 09-28-2015, 03:20 PM   #16
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He is proposing a zero income tax rate for households with incomes up to $50k for married couples and $25k for individuals. It sounds like a program aimed at middle/lower income folks but it isn't because of how tax brackets work. Under this plan if you make $100k you would pay zero tax on the first $50,000 in income, resulting in a tax savings for that person of maybe $6,000 a year. Trump's cuts would be tiny for lower income households because they are paying nothing or very little to start with. All the talk about changing tax rules on carried interest and the hedge fund guys will not come close to making up for the lost revenue. On a philosophical level, I don't think it is a good idea to take another 31 million households off the tax roles - just more people with no skin in the game who won't care about expanding government cause they ain't paying for it.
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I'd rather die under a Socialism government than to suffer under a Communist dictator that is currently in office.

Our children are in serious trouble unless something changes for the better


The sad thing, Washington DC is a CLUSTER and those in office DGAF about the people
x2
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Old 09-28-2015, 03:21 PM   #17
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All the talk about changing tax rules on carried interest and the hedge fund guys will not come close to making up for the lost revenue.
How about cutting some spending also.
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Old 09-28-2015, 03:22 PM   #18
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I don't see this as socialist at all. I see relief for low and middle class and a tightening up on "loopholes". Also on low income it would end getting money back in excise of what was paid into the old system. I am failing to see a negative on this plan. My biggest issue of all, this is on MSN... LOL
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Old 09-28-2015, 03:23 PM   #19
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Reagan proposed a very similar tax plan

but I agree with Jerp and Cajun Blake on this one
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Old 09-28-2015, 03:26 PM   #20
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How about cutting some spending also.
Ditto. Trump and the other candidates need to get it through their heads this country will never get out of this mess with just another tax cut plan - it needs a spending cut plan.
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Old 09-28-2015, 03:29 PM   #21
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He is already on record saying the spending is out of control.
http://www.pbs.org/newshour/updates/...nds-10-issues/
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Old 09-28-2015, 03:31 PM   #22
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As much as I dont like sleezy hedge fund managers this is still socialism right? He is going to reduce the tax rate on even the rich he says but get rid of all "loopholes" ie deductions so they will pay even more which is the only way others can pay less than they are now. He also wants to go after tax bas erosion practices of global corporations and tax those overseas earnings which will destroy jobs.


The sickest part is even more welfare for the poor. Zero taxes for married making under 50K, we might as well take all incentives for these people to bother to get a job (pretty sure this would be the last).
No its not socialism. He simply is saying,"if you make money pay something just like everyone else". If a guy making 100k a year is paying 25% then surely a sleazy hedgefund guy who flips a company and pockets 500 million should pay something. A socialist would try to repatriate or simply take higher and higher amounts from "rich" people. The arguments is the broader the base of people paying, the higher the revenue can be at lower rates.
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Old 09-28-2015, 03:38 PM   #23
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Nothing new here. Seems I have been hearing this for quiet some time. And, the very wealthy have a lot more loop holes than we have. They should pay their fair share.
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Old 09-28-2015, 03:41 PM   #24
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If he is going to use tax revenue from the rich so that the poor don't have to pay, that is socialism.
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Old 09-28-2015, 03:43 PM   #25
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Why does everybody defend the wealthy? The loop holes should be closed. No one needs to a higher percentage but pay their fare share.
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Old 09-28-2015, 03:43 PM   #26
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Originally Posted by bwssr View Post
I like the no tax on the bottom dollar folks...then they wont get back money they never payed in, in the first place..i know some folks who get 3 to 4 k back, and only pay in 2k...aint right
Yep getting "refunded" more than you paid in is a joke.
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Old 09-28-2015, 03:44 PM   #27
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Why not a flat tax for everyone? Everyone pays the same.
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Old 09-28-2015, 03:44 PM   #28
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Nothing new here. Seems I have been hearing this for quiet some time. And, the very wealthy have a lot more loop holes than we have. They should pay their fair share.

The top 1 percent already pay more in taxes than the bottom 90.
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Old 09-28-2015, 03:45 PM   #29
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Why does everybody defend the wealthy? The loop holes should be closed. No one needs to a higher percentage but pay their fare share.
This is what it comes down to me. The poor shouldnt be exempt and the rich shouldnt have loopholes. Everybody does their share of what they do.
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Old 09-28-2015, 03:46 PM   #30
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Why not a flat tax for everyone? Everyone pays the same.
fair tax,flat tax
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Old 09-28-2015, 03:47 PM   #31
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how about something really way out there.... like, if you make $1 a year, you pay 15 cents in tax, and if you make $1,000,000, you pay $150,000 in tax. no loopholes for anyone. no more 78,000 pages of tax law to go through. you earn it, you pay 15%. no credits for buying a prius, no credits for putting a windmill up to run your chicken coop heater lamps. 15% across the board, poor or rich.
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Old 09-28-2015, 03:49 PM   #32
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In the end, it really doesn't matter. Washington is run by lawyers, not economists. In the end it's about re branding and rewriting the same tired old garbage until the public can be talked into begrudgingly swallowing it. Regardless of the outcome of the upcoming election, I wouldn't get my hopes up about things getting better. Our three presidential front-runners are a narcissistic megalomaniac, a career politician an criminal, and a self admitted self avowed socialist. If you guys can find hope in that mix, I've got some ocean front property to sell you too. Real cheap, just outside Phoenix.

By the way, I forgot to mention that we are about to re-elect the same duds back into congress that have been there for 20-30 years.
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Old 09-28-2015, 03:54 PM   #33
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how about something really way out there.... like, if you make $1 a year, you pay 15 cents in tax, and if you make $1,000,000, you pay $150,000 in tax. no loopholes for anyone. no more 78,000 pages of tax law to go through. you earn it, you pay 15%. no credits for buying a prius, no credits for putting a windmill up to run your chicken coop heater lamps. 15% across the board, poor or rich.
That would be too easy!
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Old 09-28-2015, 04:01 PM   #34
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This may be more than you want to know, but here is a quick primer on the carried interest "loophole" everyone is talking about and Trump is railing against. Let's say I run a venture capital company. I send a bunch of you guys a proposal to raise money to buy a failing business - say a chain of auto parts stores. The intention is to get it running profitably over several years then sell it for a profit. You guys send me the money as investors and we buy the company. The way I get paid is two fold. I get a management fee along the way for running the company and I pay income tax on that like anyone else. However I have a chance to hit a big lick is on the back end if we are sucessful. For example I might get 20% of the profits over and above an agreed upon rate of return for you as the investors. So if we really do well when selling it, I might have a fat payday. The controversy is, that $$ is considered "carried interest" which is taxed at the lower capital gains rate instead of at the marginal 39% income tax rate. Reasonable people can differ on whether that is fair or unfair, but these populists who think changing that little bit of tax code would do anything about the deficit are delusional. More "politics of envy" IMO.
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Old 09-28-2015, 04:04 PM   #35
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This may be more than you want to know, but here is a quick primer on the carried interest "loophole" everyone is talking about and Trump is railing against. Let's say I run a venture capital company. I send a bunch of you guys a proposal to raise money to buy a failing business - say a chain of auto parts stores. The intention is to get it running profitably over several years then sell it for a profit. You guys send me the money as investors and we buy the company. The way I get paid is two fold. I get a management fee along the way for running the company and I pay income tax on that like anyone else. However I have a chance to hit a big lick is on the back end if we are sucessful. For example I might get 20% of the profits over and above an agreed upon rate of return for you as the investors. So if we really do well when selling it, I might have a fat payday. The controversy is, that $$ is considered "carried interest" which is taxed at the lower capital gains rate instead of at the marginal 39% income tax rate. Reasonable people can differ on whether that is fair or unfair, but these populists who think changing that little bit of tax code would do anything about the deficit are delusional. More "politics of envy" IMO.
^Yep.
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Old 09-28-2015, 04:07 PM   #36
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This may be more than you want to know, but here is a quick primer on the carried interest "loophole" everyone is talking about and Trump is railing against. Let's say I run a venture capital company. I send a bunch of you guys a proposal to raise money to buy a failing business - say a chain of auto parts stores. The intention is to get it running profitably over several years then sell it for a profit. You guys send me the money as investors and we buy the company. The way I get paid is two fold. I get a management fee along the way for running the company and I pay income tax on that like anyone else. However I have a chance to hit a big lick is on the back end if we are sucessful. For example I might get 20% of the profits over and above an agreed upon rate of return for you as the investors. So if we really do well when selling it, I might have a fat payday. The controversy is, that $$ is considered "carried interest" which is taxed at the lower capital gains rate instead of at the marginal 39% income tax rate. Reasonable people can differ on whether that is fair or unfair, but these populists who think changing that little bit of tax code would do anything about the deficit are delusional. More "politics of envy" IMO.
Yep
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Old 09-28-2015, 04:07 PM   #37
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Where's the socialism? Lowering the corporate tax rate and closing loopholes re: carried interest are both great ideas
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Old 09-28-2015, 04:30 PM   #38
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Don't sound socialist to me..


I can't figure out the socialism angle either.
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Old 09-28-2015, 04:46 PM   #39
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The top 1 percent already pay more in taxes than the bottom 90.
Looks bad until you realize that top 0.1% (not even the top 1%!) controls more wealth than the bottom 90%:



Inequality in the control of wealth will yield that result
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Old 09-28-2015, 04:52 PM   #40
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Flat tax and or sales tax is the way in my opinion. Sales tax generates income from everyone who tries to avoid paying taxes.

I do like that trump wants to bring corporations back to the us. And not have the Chinese manufacture everything for us. Lower corporate tax rates could generate a small fortune by making this country a desirable place to operate. And I don't know trumps plan, but I do know that the man knows how to run a profitable organization
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Old 09-28-2015, 04:53 PM   #41
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I can't figure out the socialism angle either.
The poor not having to pay taxes? Can't figure out what's socialstic about that either. Lol
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Old 09-28-2015, 04:56 PM   #42
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Don't sound socialist to me..
It ain't.
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Old 09-28-2015, 05:14 PM   #43
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Flat tax and or sales tax is the way in my opinion. Sales tax generates income from everyone who tries to avoid paying taxes.

I do like that trump wants to bring corporations back to the us. And not have the Chinese manufacture everything for us. Lower corporate tax rates could generate a small fortune by making this country a desirable place to operate. And I don't know trumps plan, but I do know that the man knows how to run a profitable organization
sales tax has issues... take a person that played by the (unfair) rules their whole life, paid taxes, and now has a nest egg. NOW they're taxed at a high consumption rate to offset the lack of an income tax?

flat tax makes the most sense. the people that pay today, pay tomorrow, just under a much more simplified plan. Of course, it's a pipe dream that will never happen...
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Old 09-28-2015, 06:22 PM   #44
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sales tax has issues... take a person that played by the (unfair) rules their whole life, paid taxes, and now has a nest egg. NOW they're taxed at a high consumption rate to offset the lack of an income tax?

flat tax makes the most sense. the people that pay today, pay tomorrow, just under a much more simplified plan. Of course, it's a pipe dream that will never happen...

We already have a significant number of flat taxes, to name a few:
federal and state gas taxes
liquor tax
local and/or state property tax
cigarettes

Regressive taxes:
sales tax (flat taxes on necessities are regressive by nature)
stamps
Vehicle registration
Vehicle inspection
Social security

All of these burden the poor more than the rich: this is evened out by a progressive income tax. Now, what the fairest percentages and brackets sizes should be...well that's highly debatable.
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Old 09-28-2015, 06:28 PM   #45
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sales tax has issues... take a person that played by the (unfair) rules their whole life, paid taxes, and now has a nest egg. NOW they're taxed at a high consumption rate to offset the lack of an income tax?

flat tax makes the most sense. the people that pay today, pay tomorrow, just under a much more simplified plan. Of course, it's a pipe dream that will never happen...
I'm not following you. They played unfair but paid taxes?????

I'm referring to those who play unfairly and never pay taxes. With a sales tax, they will have to pay taxes if they buy anything new. Granted it's not perfect but it in conjunction with a flat tax seem to cover more folks. The biggest issue to me is the resale market. However it sure helps keep your crap from depreciating as bad. But that in turn could cause economic issues too.
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Old 09-28-2015, 06:47 PM   #46
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Lol. The title of this thread is a joke.
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Old 09-28-2015, 06:52 PM   #47
Black Ice
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I'm all for lower taxes. I'd like to see what he considers rich.
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Old 09-28-2015, 07:21 PM   #48
kyle1974
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Originally Posted by sir shovelhands View Post
We already have a significant number of flat taxes, to name a few:
federal and state gas taxes
liquor tax
local and/or state property tax
cigarettes

Regressive taxes:
sales tax (flat taxes on necessities are regressive by nature)
stamps
Vehicle registration
Vehicle inspection
Social security

All of these burden the poor more than the rich: this is evened out by a progressive income tax. Now, what the fairest percentages and brackets sizes should be...well that's highly debatable.
Those are flat taxes. I'm talking about flat rates.

paying 10% on 500,000 a year, is more money than 10% of 50,000 a year isn't it? a "progressive" tax system penalizes people for success. "what's fair" is WAY back in the rear view mirror...

Last edited by kyle1974; 09-28-2015 at 07:27 PM.
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Old 09-28-2015, 07:23 PM   #49
kyle1974
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Originally Posted by Sticks&Strings View Post
I'm not following you. They played unfair but paid taxes?????

I'm referring to those who play unfairly and never pay taxes. With a sales tax, they will have to pay taxes if they buy anything new. Granted it's not perfect but it in conjunction with a flat tax seem to cover more folks. The biggest issue to me is the resale market. However it sure helps keep your crap from depreciating as bad. But that in turn could cause economic issues too.
I"m talking about people like me... or my parents, or anyone that has paid taxes for 20 years. (i.e. under the unfair tax regulations) now, the game changes. We've saved our money, been prudent, and been penalized under a tax scheme that sets people up for failure. the more you make, the higher rate you pay.

if you're 25, and have barely paid into the system, maybe it's no big deal. If you're a few years away from no longer having an active income and close to retirement, or people that are already retired, it's a huge deal, and very unbalanced.

Last edited by kyle1974; 09-28-2015 at 07:26 PM.
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Old 09-28-2015, 07:24 PM   #50
J Sweet
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Originally Posted by Ragin' View Post
Lol. The title of this thread is a joke.
Haha, there he is pickin a fight again with no intelligent input. Always good for a laugh, thanks!
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