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Old August 21st, 2017, 09:11 PM   #51
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Originally Posted by goober View Post
It would be a start, that's where flat taxes have to be, to work.
Otherwise they fail miserably.
So it is not enough?


How much would be enough?
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Old August 22nd, 2017, 03:34 AM   #52
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So it is not enough?


How much would be enough?
It depends how you set it up.
But a flat tax is a much greater drag on an economy than a progressive tax.
Flat tax could work, but it would never work well, it's been tried, it really never worked very well, the rates are always set too low.

Taking economics into consideration when coming up with tax policy makes much more sense.
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Old August 22nd, 2017, 04:32 AM   #53
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Uh, they are paying more. America was not founded on class warfare, which is what you are doing here. That is how 16th Amendment was sold, it will only apply to the rich, class warfare. Yeah, right.


Sorry--you're a little late to the tax party. America's 1% have enjoyed VAST gains in recent years compared with everyone else. The top 0.1 percent of American families each with net assets greater than $20 million own more than 20 percent of the all the household wealth in the country. In the 1970s, that same sliver of the population controlled 7 percent. Middle-income families make substantially less money than they did 15 years ago, once inflation is taken into account. This is a sharp rise in inequality. The wealthy have become adept (with the help of tax attorneys) at figuring out ways to shift earnings that would normally be taxed at the top 39.6 percent rate on ordinary income into capital gains.

In my view, class warfare exists NOW and tell me why any Main Street American would support the 1%'s financial rise to power when most Americans can't even afford healthcare.
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Old August 22nd, 2017, 05:19 AM   #54
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Sorry--you're a little late to the tax party. America's 1% have enjoyed VAST gains in recent years compared with everyone else. The top 0.1 percent of American families each with net assets greater than $20 million own more than 20 percent of the all the household wealth in the country. In the 1970s, that same sliver of the population controlled 7 percent. Middle-income families make substantially less money than they did 15 years ago, once inflation is taken into account. This is a sharp rise in inequality. The wealthy have become adept (with the help of tax attorneys) at figuring out ways to shift earnings that would normally be taxed at the top 39.6 percent rate on ordinary income into capital gains.

In my view, class warfare exists NOW and tell me why any Main Street American would support the 1%'s financial rise to power when most Americans can't even afford healthcare.
The wingnuts cannot get 60 votes in the Senate for more tax breaks for the wealthy.
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Old August 22nd, 2017, 10:18 AM   #55
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Sorry--you're a little late to the tax party. America's 1% have enjoyed VAST gains in recent years compared with everyone else. The top 0.1 percent of American families each with net assets greater than $20 million own more than 20 percent of the all the household wealth in the country. In the 1970s, that same sliver of the population controlled 7 percent. Middle-income families make substantially less money than they did 15 years ago, once inflation is taken into account. This is a sharp rise in inequality. The wealthy have become adept (with the help of tax attorneys) at figuring out ways to shift earnings that would normally be taxed at the top 39.6 percent rate on ordinary income into capital gains.

In my view, class warfare exists NOW and tell me why any Main Street American would support the 1%'s financial rise to power when most Americans can't even afford healthcare.
That 20% is already paying well over 70% of the taxes. Which leaves 80%. And of that 80% how many are perpetually paying NOTHING but, have no problem taking from those that do pay taxes. Welfare, the biggest non- incentive to work, is quickly becoming a huge economic problem for this country. Welfare, along with ridiculous government retirement programs have put this state (CA) in economic peril. And now we are faced with the forced ACA unaffordability. It's passed-time our tax system was overhauled and government forced to live within a budget.
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Old August 22nd, 2017, 10:20 AM   #56
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The wingnuts cannot get 60 votes in the Senate for more tax breaks for the wealthy.
Many GOP Senators may lose their seats if something is not accomplishes.
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Old August 22nd, 2017, 10:58 AM   #57
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That 20% is already paying well over 70% of the taxes. Which leaves 80%. And of that 80% how many are perpetually paying NOTHING but, have no problem taking from those that do pay taxes. Welfare, the biggest non- incentive to work, is quickly becoming a huge economic problem for this country. Welfare, along with ridiculous government retirement programs have put this state (CA) in economic peril. And now we are faced with the forced ACA unaffordability. It's passed-time our tax system was overhauled and government forced to live within a budget.
So lets split up the wealth equally, and we can all pay the same amount in taxes...

And the ACA is working fine, true, Trump has made some changes that increase the cost to the taxpayer, but he feels that's important symbolically, he's all about how it looks, and he really could care less how it works.
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