Politically_Incorrect12
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Post by Politically_Incorrect12 on Mar 12, 2011 4:23:41 GMT -5
He wants a 5.4% surtax on income over $1 million. Thoughts?
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mwcpa
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Post by mwcpa on Mar 12, 2011 5:22:56 GMT -5
all options need to be kept open.... in my opinion only .... the current policy of giving a 15% tax rate (in my opinion) for selling publicly traded securities is a farce, the purpose was to create jobs.... if I sell IBM and then buy GE, did I create a job? well, the bank who did the trade has more profit now, so I guess it did help someone....again, this is only my opinion....
as long as the will of the Congress is to keep 45+% of the population off the federal income tax rolls, someone has to pay for the roads, schools, national defense, etc that 100% get to take advantage of...
(this is going to be a sarcastic statement, so do not cut it up and treat it otherwise which often happens here) get rid of all of the welfare benefits, except the ones I get, those are the good programs....
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Bluerobin
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Post by Bluerobin on Mar 12, 2011 7:00:29 GMT -5
I am all for taxing anyone except me! Tax the darn churches too!
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formerexpat
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Post by formerexpat on Mar 12, 2011 15:17:09 GMT -5
Always dangerous choosing an arbitrary number. Something that is intended to capture, say under 200 of the tax payers can grow to capture more than 2.9m when using arbitrary amounts and not indexing them for inflation. See the AMT for an example. [/size]
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Post by privateinvestor on Mar 12, 2011 17:46:29 GMT -5
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burnsattornincan
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Post by burnsattornincan on Mar 12, 2011 18:38:37 GMT -5
What else would you expect from a self proclaimed communist? The era of going after the producers is over. As Mr. mwcpa pointed out, over 45% of the population do not pay income tax. That is a staggering figure and when you consider all government employees really do not pay income tax ultimately then you can see the number of producers is on the wrong side of the equilibrium. This is an unworkable arrangement.
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Deleted
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Post by Deleted on Mar 12, 2011 18:50:18 GMT -5
Produce what? Trades?
40-45% of the population may not pay FEDERAL income tax... cause you know... the bottom 50% only make 12% of all the money... so its difficult to get blood from a turnip...
Government employees DO pay income tax... and they file returns and are counted as such...
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SweetVirginia
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Post by SweetVirginia on Mar 12, 2011 18:57:00 GMT -5
What else would you expect from a self proclaimed communist? The era of going after the producers is over. As Mr. mwcpa pointed out, over 45% of the population do not pay income tax. That is a staggering figure and when you consider all government employees really do not pay income tax ultimately then you can see the number of producers is on the wrong side of the equilibrium. This is an unworkable arrangement. How in the world do you figure that government employees do not pay taxes? |
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safeharbor37
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Post by safeharbor37 on Mar 12, 2011 19:09:08 GMT -5
You see; he didn't say, "government employees do not pay income taxes." He said, "government employees really do not pay income tax."
It come down to reading comprehension and a understanding of basic mathematical principals.
Public employees are paid by taxes and, although they "pay taxes," they "really" don't pay taxes, because they are simply returning to the government money [derived from taxes] and not increasing the taxes the government collects ~ since the government gives them more "tax money" than it collects from them.
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vonnie6200
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Post by vonnie6200 on Mar 12, 2011 19:11:32 GMT -5
You see; he didn't say, "government employees do not pay income taxes." He said, "government employees really do not pay income tax." It come down to reading comprehension and a understanding of basic mathematical principals. Public employees are paid by taxes and, although they "pay taxes," they "really" don't pay taxes, because they are simply returning to the government money [derived from taxes] and not increasing the taxes the government collects ~ since the government gives them more "tax money" than it collects from them. But a lot of those gov't employees actually worked for their money - performed a service that was needed and/or wanted by the public ok - not all of them - but a lot of them |
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safeharbor37
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Post by safeharbor37 on Mar 12, 2011 19:18:13 GMT -5
Quite true but totally unrelated to what I posted. Try again.
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Deleted
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Post by Deleted on Mar 12, 2011 19:18:17 GMT -5
"Public employees are paid by taxes and, although they "pay taxes," they "really" don't pay taxes, because they are simply returning to the government money [derived from taxes] and not increasing the taxes the government collects ~ since the government gives them more "tax money" than it collects from them. "
When you are talking about their outrageous salaries... you have to realize that they are PRE-TAX... and that there are indeed monies taken off for tax.. and i GUARENTEE... that the government books count salary as money paid out and taxes collected as money paid in... and so therefore their taxes are counted AS TAXES.....
Lots of companies get tax breaks for a myriad of things, sometimes even salaries for their employees... so those people are also, in fact, being paid with 'tax money'.... maybe we should all be a lot more transparent about these things... ?
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safeharbor37
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Post by safeharbor37 on Mar 12, 2011 19:20:37 GMT -5
What exactly does what you posted have to do with what I posted?
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Deleted
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Post by Deleted on Mar 12, 2011 19:24:59 GMT -5
There is no line for 'returning the government's money' ... so they do pay taxes...
And if you are going to say that their taxes are really just returning the government's money and not 'really' taxes.. then when talking about their salaries, you should adjust for taxes paid and talk about the net... because otherwise, the implication is that they are getting 'huge salaries' and 'not paying taxes'... which is inaccurate...
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Deleted
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Post by Deleted on Mar 12, 2011 19:27:30 GMT -5
Why? Explain why.
I'm flipping poor, and I do nlt want one cent more of any rich person's money. Hell-- they already pay most of the taxes in the country, and now they should pay more?? If any of you people know millionaires, please tell them I said thank you, and NO, and can you create more jobs please if we get rid of King Obama and his sidekicks?
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safeharbor37
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Post by safeharbor37 on Mar 12, 2011 19:38:14 GMT -5
Like I said, "It comes down to reading comprehension.........." I'm through with this.
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burnsattornincan
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Post by burnsattornincan on Mar 12, 2011 19:39:58 GMT -5
Ms. oped, see #8 by Mr. safeharbor37 concerning a detailed explanation of my statement. I must be running off to a dinner party shortly and cannot elaborate now but you did make a point about the "net" pay to useless government employees in your #13 but that is pretty self evident anyway. Of course I understand we need some people to run and administer the country but it has gotten so far out of context it really is a complete farce.
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Deleted
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Post by Deleted on Mar 12, 2011 19:50:59 GMT -5
I understand what you are saying safe... i'm saying you can't have it both ways... you can't say they make 55K plus benefits and don't pay taxes, cause that isn't an accurate statement... if you want to consider their taxes as only being 'what they pay back to the government' then you have to subtract that from the 55K... if you want to say they don't pay taxes... We already have people repeating inaccurate 'facts'... we don't need them saying teachers make 100K and don't pay any taxes... cause that's just not correct... in any way.... I'm sure you can comprehend that...  |
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hello fromWarsaw
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Post by hello fromWarsaw on Mar 12, 2011 23:12:35 GMT -5
Public employees are paid by taxes and, although they "pay taxes," they "really" don't pay taxes, because they are simply returning to the government money "Dittohead doubletalk"  |
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hello fromWarsaw
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Hiya! Wake UP!!
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Post by hello fromWarsaw on Mar 12, 2011 23:12:52 GMT -5
Public employees are paid by taxes and, although they "pay taxes," they "really" don't pay taxes, because they are simply returning to the government money "Dittohead doubletalk" |
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Post by marjar on Mar 12, 2011 23:56:07 GMT -5
I am all for taxing anyone except me! Tax the darn churches too! I agree! |
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Post by marjar on Mar 12, 2011 23:57:34 GMT -5
Why? Explain why. I'm flipping poor, and I do nlt want one cent more of any rich person's money. Hell-- they already pay most of the taxes in the country, and now they should pay more?? If any of you people know millionaires, please tell them I said thank you, and NO, and can you create more jobs please if we get rid of King Obama and his sidekicks? They also have plenty of loopholes to get out of paying taxes. |
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SweetVirginia
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Post by SweetVirginia on Mar 13, 2011 1:26:21 GMT -5
You see; he didn't say, "government employees do not pay income taxes." He said, "government employees really do not pay income tax." It come down to reading comprehension and a understanding of basic mathematical principals. Public employees are paid by taxes and, although they "pay taxes," they "really" don't pay taxes, because they are simply returning to the government money [derived from taxes] and not increasing the taxes the government collects ~ since the government gives them more "tax money" than it collects from them. Government workers are not just getting the money for free without providing a service or doing a job. (I admit there are some who do not do much work, but most do work for their pay) And they pay income taxes as well, so they are not keeping their entire paycheck. They are contributing as well. |
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Politically_Incorrect12
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Post by Politically_Incorrect12 on Mar 14, 2011 7:31:09 GMT -5
Always dangerous choosing an arbitrary number. Something that is intended to capture, say under 200 of the tax payers can grow to capture more than 2.9m when using arbitrary amounts and not indexing them for inflation. See the AMT for an example. [/size][/quote] And there is always the possibility that it will be adjusted downward using the same logic that "most people don't make that much and they should be happy to be able to make that much money." |
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Post by privateinvestor on Mar 14, 2011 7:56:19 GMT -5
You have to have tax changes to increase revenues ..even the Republicans will admit to that ...
One idea being floated by both parties is to eliminate some deductions, home mortgage interest, donations, and etc.. that why there are NOT labeled as tax increases but rather elimination of tax deductions....nice way to get around the taboo in the Republicans Playbook...never raise taxes not now not ever..
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Politically_Incorrect12
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With a little faith, we can move a mountain; with a little help, we can change the world.
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Post by Politically_Incorrect12 on Mar 14, 2011 8:01:14 GMT -5
You have to have tax changes to increase revenues ..even the Republicans will admit to that ... One idea being floated by both parties is to eliminate some deductions, home mortgage interest, donations, and etc.. that why there are NOT labeled as tax increases but rather elimination of tax deductions....nice way to get around the taboo in the Republicans Playbook... never raise taxes not now not ever..I hadn't heard about the one to get rid of donation deductions. I had heard about getting rid of the home mortgage deduction. I'm sure it would cause some increase in tax revenue. I'm not sure how much of a change any of these will actually bring...I'm sure there would be some increase in taxes collected, but I not sure how much above the standard deduction people are itemizing with these particular programs. I guess every little bit helps I suppose. I wonder if tax credits are also on the chopping block. I'm curious if they do take away donations, if there will be a need in an increase to government programs due to the decrease in donations to private charities. |
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Post by privateinvestor on Mar 14, 2011 8:06:54 GMT -5
You have to have tax changes to increase revenues ..even the Republicans will admit to that ... One idea being floated by both parties is to eliminate some deductions, home mortgage interest, donations, and etc.. that why there are NOT labeled as tax increases but rather elimination of tax deductions....nice way to get around the taboo in the Republicans Playbook... never raise taxes not now not ever..I hadn't heard about the one to get rid of donation deductions. Sounds like a great way to make more people dependent on the government since that would most likley cut down on donations to private charitable organizations. I think all tax deductions are on the table and you may see quite a few eliminated in the senate bill on this subject..Senators Warner and Chamblis are the two co authors of this bill...and they claim they have the support to pass it... Chambliss wants the legislation to start out free of all tax deductions and loopholes, the most drastic tax reform option of several that the deficit commission included in its final report. Then the senate will add those they agree on by senate bill amendments. |
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Politically_Incorrect12
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With a little faith, we can move a mountain; with a little help, we can change the world.
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Post by Politically_Incorrect12 on Mar 14, 2011 8:13:21 GMT -5
I hadn't heard about the one to get rid of donation deductions. Sounds like a great way to make more people dependent on the government since that would most likley cut down on donations to private charitable organizations. I think all tax deductions are on the table and you may see quite a few eliminated in the senate bill on this subject..Senators Warner and Chamblis are the two co authors of this bill...and they claim they have the support to pass it... So is that a no on the tax credits then? |
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Post by privateinvestor on Mar 14, 2011 8:23:27 GMT -5
I think all tax deductions are on the table and you may see quite a few eliminated in the senate bill on this subject..Senators Warner and Chamblis are the two co authors of this bill...and they claim they have the support to pass it... So is that a no on the tax credits then? All tax deduction are being reviewed by the senate and could also include tax credits as well.. You can google the Warner/Chamblis Tax Proposal Bill to better understand it ..but again this bill is still in the proposal process and getting lots of changes as it proceeds through the senate. |
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workpublic
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Post by workpublic on Mar 14, 2011 10:12:58 GMT -5
lets pay govt $30% less and not take anything out for "taxes". cause the 30%(or whatever) "taxes" taken out is already "tax money"
all taking "taxes" out of govt employees pay does is redistribute tax money, since their entire pay comes from "tax money". the same folks who can't grasp that are most likely the same ones who can't differentiate between public/private unions and legal/illegal immigrants.
yes govt workers, they take "taxes" out of your tax payer funded income. but as safe and others repeatedly point out. the money that they take out is already "tax money". "tax money" was just used to pay you, now a smaller part of the "tax money" will be taken and used to pay for the roads. so, in effect, the "taxes" taken out of your paycheck were paid by non govt employees taxes when they were taxed to pay your income(and technically your taxes)
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