Posted on 08/22/2011 8:50:31 PM PDT by Graneros
Me, and you, if we won't vote for a proven conservative because the media says he's "unelectable."
There are hundreds of different "federal taxes" and it's darned hard to avoid paying them.
So, one more time are we talking about the personal "federal income tax" or some other thing?
Now, your hypothesis ~ that people who pay no "federal income tax" are unlikely to pay other taxes ~ BWAHAHAHAHAHAHAHA!!!!!!!!!!!!!
What country do you live in?
And groceries not subject to sales tax? You ain't from around here are you!
EITC offsets what?
Not around here. Taxes still get collected and they still get wasted.
There's a problem in this country called "government spending". It's too high. Time to cut it.
The very idea that the TAXMEISTER allowed some to escape is just too bizarre to believe. Does not happen.
This is a Conservative board not DU.
When that is done states, for example, are encouraged to collect more taxes through that device. You can just imagine what pressure the public would bring to bear on state legislatures should the federal income tax no longer exclude state income taxes from income!
So, no, you are wrong ~ federal tax policies have a profound effect on state taxes ~ DUH!!! (idiot! ~ taxes are forever ~ none shall escape).
The fact the poor might be paying less tax than some Freeper believes to be appropriate is NOT an argument for increasing taxes on them.
Glory in the fact that SOMEBODY SOMEWHERE does not have to pay that tax and work to reduce its impact on everybody else.
Yes, we are living in a real world Matrix! The system has been deliberately designed so that subjects don’t realize their lives and liberty are being consumed by the system with the sole purpose of feeding a giant all controlling government.
The private sector lives in the Matrix, The public sector lives off of it.
We are going to need a lot more blue pills!
Just make sure your flat tax does what it says ~ most of them that’ve been seriously proposed don’t.
Want to cut spending?? Forget a delayed trigger as that is just BS to fool us.
Make Federal taxes dependent on spending and make everyone pay them and make them highly visible like make taxpayers write a check to pay them each month (or online billpay.) Let voters know that spending actually has to come from someone. The whole country would launch a Tea party rebellion. We need more visible taxes.
But it wont happen, both parties always try to out-bribe voters (and contributors) to get the advantage in the next election.
Working with Democrats as with this FICA cut extension case to get less than half the country to be responsible for all the Federal bills will be a disaster.
Two employers compete for an engineer in a specialty field. One employer offers $150,000 per annum salary PLUS company paid medical. The other employer offers $150,000 per annum salary but you have to pay your own medical. Obviously the first offer is better ~ and even if the second employer increases the salary amount to offset what it will cost the engineer to buy his own, that won't quite do it unless he also kicks in something to offset the income tax the engineer will probably pay on that payment.
BTW, all tinkering with tax offsets and increases in take-home result in higher personal income tax obligations on the part of the individual getting that additional take-home pay.
BTW, if I had started at $175,000 per year for that engineer in a specialty field and went through the whole deal of computing and recomputing his salary several times to make sure that I, his employer, was paying him properly and competitively, he'd start inching close to that $250,000 RICH GUY bright line Obama laid down. If his wife worked at 7-11 he'd already been there!
The rich consist not only of Warren Buffett and his crowd, but working stiffs whose employers pay them cash money and let them buy their own medical insurance!
Someone else reminded us that just as Ronaldus Magnus work to eliminate the Cold War was coming into fruition Ricky decided to campaign for the Algore!
Then there's that illegal immigrant thing ~
Now that's not likely to be the high earners ~
There is a large portion of Americans that do not pay any Federal income tax. IF they work, they will have payroll deductions for SS and Medicare but this is often offset by Earned Income Tax Credits, up to several thousand dollars. This is for families with incomes up into the $40K region.
As for state taxes, that’s debatable whether EBT, food stamps, etc. and multiple dependents claimed offset those. 41 MILLION Americans are on food stamps.
The burden of the tax brunt isn’t paid by these people, even up to the median income. Upper middle and above pay the taxes, the bottom 50% of income earners pay 2.7% of the taxes...that’s a drop in the bucket ...and yes, I never said that the government didn’t spend too much
If someone refuses to write the check the IRS can always garnish their wages to get it, like a re-imposition of the the withholding. That is why it must be monthly.
It's the weakest ones we want to awaken to the fact that IT'S NOT FREE. Both Republicans and Democrats have done their best to convince voters that ITS FREE, that is why few rally around spending cuts, but many rally against them.
Right now we've got a really serious unemployment problem in this country, and I don't mean the guys getting unemployment compensation. There are well in excess of 15 million young people out there who've NEVER held a job yet they've graduated from highschool or college, and they are walking into a situation where there is simply no work.
What do you propose doing to get their attention? Personally I have these red armbands ready, and printed instructions on the best kind of Molotov Cocktail to make using modern softdrink and water bottles. They give me the cost of a Hoagie at SUBWAY, they got what they need (possibly).
And you want to turn them into criminals over some pittance of a tax you might get on their infrequent experience of getting paid for part-time short-term seasonal employment?
You won't get any argument out of me on that one. I've been making it on here for a long time, took a lot of heat for it too. Get out your asbestos suit if you plan to support a conservative over the next popular RINO.
There's just one little thing ... those who pay 0% on their federal return really don't get to deduct it, so ... duh ... they do in fact, escape.
You're batting 1.000, Sean. Maybe I'll tune in to your lame-@ss radio show this afternoon for more "analysis" like this.
People like Buffet who cry that that the government should raise their taxes are NOT taxed too much.
This ‘take people off the tax rolls’ strategy was not thought out because once they pay no taxes politicians can no longer buy their votes with tax cuts, so they go for handouts like the “making Work pay’ tax credit. And increases in spending come of no cost to them. Why would they ever support cutting it?”
Guess we'll just have to disagree. I think that we all pay enough of all kinds of taxes. God only asked for 10%, why does the Government think it deserves more?
I believe the federal income tax is abhorrent and should never have been implemented. Eliminate the Income tax and the IRS. Let everyone pay the same % in national sales tax. Maybe it can collect some of that cash from illegal and illicit activities.
Buffet is playing loose with the truth. He is ignoring the corporate tax rate. His company paid 29% in taxes and his distributions from the company are taxed @ 15%. That's a total of 44%. Plus he pays payroll and income taxes on his $175,000 salary and director fees.
In the interview I watched he claimed that his secretary and other employees paid 15% payroll taxes, but half of that should have been paid by the employer. Plus, it was only called a tax to make it constitutional. It is more of a deferred benefit paid for with premiums than a tax.
It was actually set up as a premium for Old Age Insurance in case you live past age 65. Hence the trust fund (set up like insurance companies operate) instead of individual accounts). Payments were supposed to made for a while to allow this fund to accumulate.
However, things were so bad, that they decided to make it a paygo and immediate benefit instead. The amount paid out is returned to you as a benefit, if you live long enough. It is weighted toward giving a greater % to the lower income employees such as secretaries.
Buffet likes high death taxes, because his insurance companies sell estate planning services and life insurance to fund family limited liability trusts.
He's going to avoid it by giving his money to charity. Some journalist should ask him sometime, if he thought he should pay more taxes why he doesn't just let the government have it, and why he doesn't support a wealth tax.
As for the capital gains tax. Buffet is a long term investor, and raising it would discourage people jumping in and out of the market, which would benefit his company.
However, since it is not indexed to inflation, much of what is taxed is actually just a return of capital. Everyone except the really low income pays at 15%. I see no need to raise it, but it would be ok with me to lower it to 10% or eliminate it altogether.
The Federal Government wastes money, and uses it get involved in all kinds of stuff that they ought to keep out of. So I believe we are taxed too much already. I know I am taxed enough. How about you, do you pay enough taxes or too much in taxes?
Cause my past experience has been that the more they try to tax the rich, the more the rich figure out ways to shield it. And the more the middle and lower income people actually pay.
“Implicit in your argument is the idea that taxes should be increased.”
We should pay our bills. That is not liberal. Borrowing to pay them is wrong.
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