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We should have a flat tax. Putting an inordinate burden on the VERY people than could invest and provide jobs is suicide for the country.

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Annoy a Liberal, Read the Constitution

I think a POS sale is cheap and easy to do. We are already doing it today. I know that when I buy a $1 cheeseburger, I pay 6 cents in tax. This will stop anyone from screwing around with "Borrowing from Peter to pay Paul". Earn 10 billion and spend nothing? No tax. Earn 1000, borrow 2000 and spend it all? Get taxed on $3000. The more you buy, the more you pay. After all, you are taxing the infrastructure to provide for your purchases so contribute to it.

This way I know what I am paying in taxes. Today, nobody knows and the govt gets to tax you directly and indirectly and you have no clue as to what they are doing. So I lower your IRS (visible taxes) and ramp up the indirect (invisible taxes) and look good to you.

If the govt overspends and needs more money? Easy. Raise the total percentage and watch the blood boil. Today, they can do it here and there and you don't know. Each pool of money is a money cache they can tap.

It might also help the fact that we have no savings for our future.

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OK, if the people won't be investing because their NET profit would be 5% less, then it's probably not worth investing in anyway.

We're not talking about slapping anyone with a 80-90% tax as existed at various times in the 40s through the 60s.

BTW - why does no one have the almighty b@lls to return to Clinton-era tax rates across the board?

A one million a year income is not rich......

It is amazing how easily these people take us all for complete idiots.

Works for me. At this point, most anything looks better than the IRS rates and methods as we know them.

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Annoy a Liberal, Read the Constitution

OK, if you're netting $1 million a year and have to pay $50k more in tax, you'll likely survive. This isn't a tax on gross receipts.

But personally, I'd support a return to Clinton-era status quo for ALL citizens. End the wars, even if it means throwing our allies in the Middle East under the bus and watching them die in agony. Raise taxes to pre-Dubya levels.

I'd consider cutting spending to Clinton years levels.

Start with the sacred swine of Dumberican "culture" -- military, prisons, and law enforcement.

There's no doubt that the guy will "survive," but it's not him we're trying to deal with. We are trying to MAKE JOBS! He is the very guy that can do it. When you hammer him, you impede him investing such that a job results from it.

Tell me. Just how much many SHOULD the government be allowed to extort out of these people? I've got an idea, how about CUTTING SPENDING? When I get in financial trouble, I can't go extort money from people, I have to CUT SPENDING!

They need to cut spending and I mean SERIOUSLY cut spending! When they do that, remove some of the strangle holds from businesses and leave these peoples taxes alone, THEN we can see some investment and economic growth and for anyone who misses the connection, that means JOBS!

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2001 SLK 320 six speed manual
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Annoy a Liberal, Read the Constitution

No you don't know them all and THAT is the point. When my company gets taxed, I pass it on to you. So, since you didn't really know that, you can't figure out how much it cost you to buy my product and this can go all the way from beginning to end. At each stage, you pay a tax although you don't know it. Any fool can say "If I make $100K, I pay the IRS $Y". Nobody can tell me how much I paid in taxes total, direct and indirect. And that is EXACTLY the scam. You think you are paying less to the IRS and thus paying less taxes. Indirectly you might be paying more but because it will nickle and dime you to death but not come out in a lump sum, you will gloss over it and forget it.

Joe Politician promises you "I will lower your tax bill" and you see it in your IRS form so you think he is a hell of a guy. But he affords the lowering of taxes here by taking it over there and there and there. But since you don't see it, well, "out of sight, out of mind". You don't protest since you don't know better. Overspend? No problem. Take it out of yet another cash pile. So while a lot of people tell me "Oh, your tax burden is lower than back in 1940", it is true and yet not true. You cannot verify it. My accountant cannot verify it either since it is so convoluted.

I like the POS tax with ABSOLUTELY NO DEDUCTIONS OR REBATES or what ever you wish to call it. Plain, simple, easy and fair. No way you get to say "Oh but I have 5 kids so I get a break" or "Oh, I have 2 billion in tax shelters and write off things and I want a break". You spend, you pay. I'll bet the IRS can be reduced to 5% of what it is today with that.

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This is something I've been saying for years. When you tax business, all in the world they do is pass it on to the consumer of their products/services.

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Annoy a Liberal, Read the Constitution

I don't agree. That's not cutting spending FAR ENOUGH!

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Annoy a Liberal, Read the Constitution

To me, it is simply a question of equalizing the farce over earned vs un-earned income. Paris Hilton, for example, earns her millions per year sitting around the pool snorting coke while granddad's perferred stock generates her cash. She is going to pay 10% capital gains on her income. The aforementioned sweat hog who works 80 hrs a week, will pay 36%. In other words, those who don't work a lick for their trust fund income and other forms of unearned income are rewarded highly, while those who actually work for it get the proverbial grab-your-ankles treatment. Perhaps this poor sweat hog doesn't realize that his beloved Republican reps in Congress are fighting hard to make sure that Paris doesn't get her taxes raised, in fact, they will fight way more harder for her that they will for old S.H.

By that logic, you should be punished more for stealing $100 from me than $10 million from Bill Gates or Warren Buffet. They will survive better than with that than my loss.

Easy to say until you ask them to do things for you that you don't want to do yourself. At which point, I can tell you to "Go fawk yourself". IIRC, a few years back, Israel was already trying to lessen it's dependence on US money. Why? So they can more easily tell you to jump in the lake. Take Darfur for instance. We don't really care if they can live or die. I wouldn't care about any ally we have either if we can be sure that we can forever do without them. As a drug dealer, I would be loathe to simply stop selling you dope and risk that you go to rehab and get clean. I would extend you credit, take a small hit today to keep you addicted that I may make more tomorrow. If I suddenly say "No credit. No cash, no dope" you might suffer but you might go to rehab and not need me in the future.

__________________
01 Ford Excursion Powerstroke
99 E300 Turbodiesel
91 Vette with 383 motor
05 Polaris Sportsman 800 EFI
06 Polaris Sportsman 500 EFI
03 SeaDoo GTX SC Red
03 SeaDoo GTX SC Yellow
04 Tailgator 21 ft Toy Hauler
11 Harley Davidson 883 SuperLow