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 fiddle-fartVeteran Member
Posts: 479
Joined: 27 Jul 2008
Location: Charlestown, Indiana
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 Posted: Tue Oct 18, 2011 7:13 am |
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fiddle-fartVeteran Member
Posts: 479
Joined: 27 Jul 2008
Location: Charlestown, Indiana
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| Posted: Tue Oct 18, 2011 7:37 am |
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Romney says The Occupy Wall Street causing "Class Warfare" Thats Funny.
When Warren Buffet, by his own admission says that he pays less taxes then his $38,000 a yr. secretary.
When Exxon pays only 17.6% of its profits
http://www.americanprogress.org/issues/2011/05/tax_man.html
Something is wrong with this picture...
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Only 1% control the wealth
so that makes me a 99%
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 eagamesExpert Member
Posts: 3013
Joined: 15 Nov 2005
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| Posted: Tue Oct 18, 2011 9:49 pm |
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| When Warren Buffet, by his own admission says that he pays less taxes then his $38,000 a yr. secretary. |
And the amazing thing is that Cains crazy plan would give Warren Buffet a HUGE tax cut and increase tax for lower incomes!
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"According to the Tax Policy Center, households with incomes below $30,000 would have, on average, between 16% and 20% less in after-tax income than they do today.
By contrast, households making more than $200,000 would see their after-tax income grow by between 5% and 22% on average."
"95% of those with more than $1 million in income would receive an average tax cut of $487,300"
http://money.cnn.com/2011/10/18/news/economy/cain_999_plan/
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Ed
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fiddle-fartVeteran Member
Posts: 479
Joined: 27 Jul 2008
Location: Charlestown, Indiana
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| Posted: Wed Oct 19, 2011 2:53 am |
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 DickExpert Member
Posts: 5780
Joined: 21 Sep 2006
Location: Rialto, CA.
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| Posted: Wed Oct 19, 2011 1:43 pm |
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So far, I have come to the conclusion that "if it ain't broke", don't fix it!
I am able to get bny on what i gross each month, and actually have a couple dollars left over. They want to put me in the poor-house! It is ione thing to live below the poverty level, and make ends meet, but thay aren't happy, that some of us are able to do that, so take al the money!
A flat tax, that taxes everyone equally, by percent of the gross income, is fair, to everyone, (ecven if they have been paying a whole lot less that their secretary). No excemptions, no deductions, nothing!
Consumers tax is DOUBLE taxation, and like I said, before, we fought a war over the same thing in 1812. Do we have to do it again in 2012?
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" Deja Moo: The feeling that you've heard this bull before".
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eagamesExpert Member
Posts: 3013
Joined: 15 Nov 2005
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| Posted: Wed Oct 19, 2011 10:27 pm |
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| So far, I have come to the conclusion that "if it ain't broke", don't fix it! |
The problem with the politicians is they pick something we know isn't perfect and is broken then they say "I'll change it" but whatever they change isn't what needed fixing.
Some examples, they say the border is not working and it's true but their change is "open it completely".
Or the tax system is too complicated and unfair so they come up with changes that make it more complicated and better for whoever backed them with money to get elected.
I think a "flat" tax would have been best from the start but since the system is already set up as it is I'm afraid of huge changes because nobody can tell if those changes will put us deeper in a hole or what. I'd rather see more measurable changes like eliminate most deductions and lower to overall tax rates. That way it's easy to measure the result and know what it will cause.
The other risk is each word can be a trick. Most tax changers use the term "flat" and "fair" almost interchangeably but in their definition the "fair" tax is 100% consumption tax and it's a double tax on anyone's savings or money from property sales.
Flat is flat for all incomes, I'd rather see a flat tax with several levels but flat as far as no deductions and no tax shelters.
An interesting point is that in the depression the few wealthy had most of the money and the depression came. Now again the few richest have most of the money and again things are going bad.
In between the last depression and this depression one thing was different, if you go back to the 50s the rich had a much much bigger tax than today. (someone can correct me but I think I read that in the 50s the highest taxed people paid 80%+ and there were still some very rich people)
I think that something in between those rates and today's rate would be better. So I'm not for a fully flat tax, I still think the richest few can pony up a higher percent than the poorest.
If a billionair has 50 billion instead of 100 billion he's still doing great.
I don't think the tax system should do what it does now which is giving money in credits to some people. Even the poor should pay some tax. Nobody should be filing taxes to get money back that they never paid in.
It's a tax system not a money distribution system.
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Ed
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DickExpert Member
Posts: 5780
Joined: 21 Sep 2006
Location: Rialto, CA.
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| Posted: Thu Oct 20, 2011 1:42 pm |
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{It's a tax system not a money distribution system.}
You have defined the difference between the "fair tax system, and the welfare system. Neither one is fair!
And yes, BOTH need "fixing", bad!
_________________
" Deja Moo: The feeling that you've heard this bull before".
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fiddle-fartVeteran Member
Posts: 479
Joined: 27 Jul 2008
Location: Charlestown, Indiana
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| Posted: Sun Oct 23, 2011 8:48 am |
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DickExpert Member
Posts: 5780
Joined: 21 Sep 2006
Location: Rialto, CA.
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| Posted: Mon Oct 24, 2011 2:39 pm |
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No matter what happens, it is going to be the same old thing!
The rich get richer, the poor get poorer. The onl;y difference is that there is more poor, each time, and fewer rich.
I wonder who the rich one will be, when he has all the money, and all the rest are like me, below the poverty level?
Nice future we have!
AND, until we actually decide to do something about it, we will still have it: SNAFU!
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" Deja Moo: The feeling that you've heard this bull before".
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fiddle-fartVeteran Member
Posts: 479
Joined: 27 Jul 2008
Location: Charlestown, Indiana
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| Posted: Wed Oct 26, 2011 6:49 am |
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Another example of greed (one of the 7 deadlyist sins)
It runs rampant in government and we pay for it....
http://www.kycbs.net/CITIGROUP.htm
_________________
Only 1% control the wealth
so that makes me a 99%
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fiddle-fartVeteran Member
Posts: 479
Joined: 27 Jul 2008
Location: Charlestown, Indiana
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| Posted: Wed Oct 26, 2011 7:08 am |
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DickExpert Member
Posts: 5780
Joined: 21 Sep 2006
Location: Rialto, CA.
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| Posted: Thu Oct 27, 2011 12:29 am |
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It is like hunting ducks: Which one do you shoot first? They all look alike!
_________________
" Deja Moo: The feeling that you've heard this bull before".
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Error NutMember
Posts: 61
Joined: 19 Dec 2010
Location: Missouri
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| Posted: Thu Oct 27, 2011 7:48 pm |
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Maybe We need a modern day Robin Hood. When the Rich wage War it's the Poor who die. Or Maybe we should Eat the Rich to feed the Poor. 
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Tony C
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DickExpert Member
Posts: 5780
Joined: 21 Sep 2006
Location: Rialto, CA.
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| Posted: Fri Oct 28, 2011 8:24 pm |
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HMM. I wonder what they would taste like?
Over easy, or scrambled?
_________________
" Deja Moo: The feeling that you've heard this bull before".
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fiddle-fartVeteran Member
Posts: 479
Joined: 27 Jul 2008
Location: Charlestown, Indiana
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| Posted: Sat Oct 29, 2011 5:49 am |
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I am part of the 99%
Greed has put the working class (and those that have retired) in a struggle to survive from day to day
http://robinhoodtax.org/
They have been getting rich off our backs.
IT's time for them to repay
_________________
Only 1% control the wealth
so that makes me a 99%
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