Simplifying The Tax Code

[flopstock]

yaaarrrgg;1367808 wrote: I still don't understand where your 8-10% number comes from. Why not 7.234% or 13.4477% ?

You don't think money should generally be earned through work? How is it that the right has moved so far off the charts, the left is defending what used to be a conservative position?


I'm okay with 7.234. I'm not okay with 13.447. If the government can't do it on 10% or less, they need to start looking for more cuts, IMO.

We just raised our local sales tax in my town to cover infrastructure issues. We raised it a couple of years ago to fund a new middle school. We, as a nation, need to start looking back to local government to take care of local issues. We spend too much money sending our money to Washington to be doled back to us.

Money can be earned through interest and earnings on investments. Some folks do that for a living. I don't think they should be tax exempt. But once it's been taxed, that should be it on that bit of money for the federal government.

You'd have to ask someone on the right your question on positions you are taking.

[gmc]

Why does anyone believe cutting taxes on the wealthy or corporations will generate jobs and actually help the economy? Company profits are at a record high yet still you have massive unemployment. Corporations exist to make profits the only way t=you can get them to behave responsibly and not force down wages and exploit those who work for them is either government regulation or string unions to defend the rights of workers. It's just basic common sense.

A boom in corporate profits, a bust in jobs - Business - Stocks & economy - msnbc.com

Wages and salaries accounted for just 1 percent of economic growth in the first 18 months after economists declared that the recession had ended in June 2009, according to Sum and other Northeastern researchers.

In the same period after the 2001 recession, wages and salaries accounted for 15 percent. They were 50 percent after the 1991-92 recession and 25 percent after the 1981-82 recession.

Corporate profits, by contrast, accounted for an unprecedented 88 percent of economic growth during those first 18 months. That's compared with 53 percent after the 2001 recession, nothing after the 1991-92 recession and 28 percent after the 1981-82 recession.


How the present crisis ends up being the fault of welfare claimants, immigrants, taxes being too high on the wealthy and company profits is a train of logic that beggars belief. If you want to make cuts cut back on the military, the cold war has ended no one is going to attack you what are you afraid of. I see now the republicans don't think government should spend any money on improving infrastructure, Happily I'm not american but as an outsider it's like watching the lunatics take over the asylum.

We take progressive taxation as the norm it is used to ensure an even distribution of wealth, or would be of we ever get back to sanity.

[Ahso!]

flopstock;1367815 wrote: I'm okay with 7.234. I'm not okay with 13.447. If the government can't do it on 10% or less, they need to start looking for more cuts, IMO.

We just raised our local sales tax in my town to cover infrastructure issues. We raised it a couple of years ago to fund a new middle school. We, as a nation, need to start looking back to local government to take care of local issues. We spend too much money sending our money to Washington to be doled back to us.

Money can be earned through interest and earnings on investments. Some folks do that for a living. I don't think they should be tax exempt. But once it's been taxed, that should be it on that bit of money for the federal government.

You'd have to ask someone on the right your question on positions you are taking.Fair enough, but then exactly what should be the various functions of the federal government? Listing what the federal government shouldn't be is only half the equation. Tell us what flopstock's federal government would look like.

[Accountable]

Ahso!;1367774 wrote: That's a debate worth exploring in my view. Do you hold that view only on private corporations or also on corporations that go public?
I don't see a reason to differentiate between the two. I'm sure someone will provide one or two, though.

[gmc]

Fear not young accountable there is a beacon of hope shining in Texas

Houston Communist Party

I have the impression outing as a communist in Texas must be like being a black, gay atheist at a KKK Christmas party.