Posted on 09/28/2015 8:18:50 AM PDT by Helicondelta
Absolutely not!
I am hoping you would get a tax cut with this plan.
I was just curious if it would benefit you and your husband.
Thanks. I’m sorry to take it the wrong way... has been a very long day. Have a good evening
Thanks but I should have been clearer.
You have a good evening as well.
My accountant is having an orgasm over this.
Then what is so “efficient”.
Heck, my grade school granddaughter could type up a 4 page tax proposal if given 3 months.
I am not buying it. Looks like the same ol tax plan. Tax the rich and let others pay nothing.
No skin in the game with a government give away.
NO VOTE.
Mr perfect candidate is Ted Cruz, since he is intent on fixing the only thing that is truly wrong: Legislation from the Bench.
Until that is fixed nothing else can be, since the courts will simply negate the fix, whatever it may be.
As for taxes, only congress can change them.
As for illegal aliens, only jailing their employers will get rid of them, but the courts will have to be bound by congress to keep their evil hands out of it.
I like Cruz too, not perfect but the best in many ways. Legislation from the Bench is not the only thing that needs fixing.
That is why we need someone who can manhandle Congress into submission. Trump is the guy in my estimation who can and will.
Yes I agree jailing employers of illegals is needed, and Trump is way ahead of anyone else in cracking down on illegals, I don’t even believe any of the others will actually do anything about illegals as the cheap-labor-express has the money to control all the rest but not Trump.
“That is why we need someone who can manhandle Congress into submission”
What does that mean exactly and how would he accomplish this “manhandling”? What would it entail and what would be a possible strategy? And how could this be accomplished under the Constitution and the separation of powers?
“yep, but Reagan inherited a top rate I think of 90%.”
The top tax rate was reduced from 91% to 70% by the Revenue Act of 1964. Proposed by Kennedy, signed by Johnson.
But no one actually paid 70%, there were plenty of deductions that were available. Reagan’s second set of tax reforms got rid of many deductions that were popular, such as interest deductions for cars. However interest deductions for real estate remained, setting up a situation where people were inclined to use home equity loans for purchases, a habit that got them into trouble during the housing bubble.
Ironically enough the capital gains reductions were signed by Carter. This was the only tax cut that actually “paid for itself” by generating higher revenue- the result of removing the tax penalty for selling appreciated assets.
Unfortunately, you are neglecting "determination of income". For those with a simple weekly paycheck, pension, etc., and not much other income, or deductible expenses, DOI can be simple. For even a very small business, and in many other situations, it can be a nightmare. DOI is a VERY big part of the tax code.
Incorrect: By oversupplying labor, HB-1’s & related Visas drive down wages in big swaths of the economy. For example, take out the top 10 or 20% (earning) engineers, techies (including IT), and so on, and look again at wages for the rest. Add those driven out of their professions, causing a ripple effect in other areas...
Harvard is not a good example? Ok, fine: Who can afford to work their way through college, or (if parents) send their kids to college, even to a lowly 2nd tier State University, without financial aid? Say, Wichita State, just to pull a name out of the air. (Ok, they’re not 2nd tier in basketball anymore - heh-heh.)
Heck, who can sensibly afford an average price new car? (Now over $30k, not including taxes, etc.) Maybe 20% of the population?
I like a lot of what you’ve said on this and other threads, but I am very confused as to your reasoning that the FAIR tax puts the nannies in control. I don’t see that at all. I like a flat tax system as well.....but I am curious as to your thinking on the FAIR tax.
I see your point and feel in no way contentious toward it.
However, I see a relatively few (fewer than today) folks paying a negative tax as a “more sufferable evil” than having politicians in Washington DC using the tax code to manipulate behavior, punish their enemies and reward their friends.
I agree...
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You’re deep in dreamland.
Literally everything that is functionally wrong in this country has been propelled by legislation from the bench, and literally nothing can be successfully addressed without eliminating that flaw.
Trump can’t fix any of it. He doesn’t even appear to understand the mechanics of our problems, so he would be at the mercy of advisers, just like Obama is.
Trump has no friends whatsoever in congress. Both parties would be looking to make him look foolish, and with him lacking Reagan’s vast grasp of political workings, they would succeed where they failed with Reagan.
Trump is not ahead of anyone on anything! He is one of the participants in the cheap labor express.
Every bomb that Trump has thrown has been framed, not by his motivation, but by analysis of polling data, to determine what the public’s hot spots were. That is why he has had to reverse one bomb with a new one so many times.
Yes his wild impulses are fun to listen to, but they won’t yield a shred of progress on our problems.
.
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You don’t see that the power to literally tax our elective purchasing decisions grants government power to control our lives?
It would change the direct source of the funds, but maintain the present ability to influence our decisions.
There are many other things deeply wrong with a federal sales tax that would take writing a textbook to convey them.
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Good or bad, I take these campaign ideas as nothing to even consider.
You’re correct.
They’re all just vaporware until there is a written bill in congress.
BTW, just heard Rush confuse the AMT with the EITC.......he lost a key economic writer a few years ago....hurting him. This is awful mistake.
I don’t think there’s much of a “ripple effect” from H-1Bs. We have 123,420,000 full-time workers and in 2012, we had 135,991 H-1Bs. That represents 0.1% of the work force or about 1 out of every 1,000 workers. It’s terrible for those people who lost out on those jobs but it still has a very small effect on the overall labor market.
If you want to talk about college tuition inflation, that’s obviously a big problem. I’m not sure if anything’s been inflated more. And we know that’s because the government subsidizes it to the extreme and the colleges keep raising tuition to soak up more of the easy money. They don’t have to compete on price because students and the government are willing to fund the tuition with massive loans, grants and debt.
As far as cars go, the price relative to median income actually has been falling since 1997 and is now down to what it was in 1979. This graph shows weeks of income needed to buy a new car. So, again, you seem to be coming up with stats off the top of your head without backing them up by research.
http://2.bp.blogspot.com/_DLIvw6mZGBU/SRDPkT-yq7I/AAAAAAAAAP0/OcJTOJF61lU/s1600/comerica.jpg
http://www.freeby50.com/2008/11/history-of-new-car-costs-and-average.html
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