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#1
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posted to rec.boats
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On 23/01/2010 12:31 AM, nom=de=plume wrote:
wrote in message ... nom=de=plume wrote: "Bill wrote in message m... wrote in message ... "Bill wrote in message ... wrote in message ... On Fri, 22 Jan 2010 08:40:09 -0500, wrote: The top brackets ought to be paying 49%, and there should be no cap on earnings subject to social security and medicare taxes. As long as the top 1% controls 50% of the campaign contributions and 100% of the media you won't see that. They may pass that as the published top rate but there will be enough tax shelters and loopholes so they won't actually pay that. The government has a long rich history of using the tax code to drive social policy. If you do politically correct things you get tax breaks, big ones. Is why there will never be a flat tax. Taxation is the ultimate control. A flat tax is regressive. -- Nom=de=Plume Actually is neither Regressive or Progressive. You're just wrong. I don't know how to say it politely. http://en.wikipedia.org/wiki/Flat_tax No, he's not. Regression means that the more you make, the less you pay - hardly a flat tax. You have to remember that the theory behind the flat tax offers no deductions. It's a simple percentage of your income. Didn't say regression - said regressive... and punative for those who make just a bit. You earn $100. You get to keep $90. You earn $100,000. You get to keep $90,000. Which would you pick? 90,000 of course. But it is fair, for each dollar the use is the same. Bet the $90,000 earner also worked harder. Why should he pay 30% when the lacky gets a 10% rate? Are we penalizing those who work? |
#2
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posted to rec.boats
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On Jan 23, 12:08*pm, Canuck57 wrote:
On 23/01/2010 12:31 AM, nom=de=plume wrote: *wrote in message m... nom=de=plume wrote: "Bill * wrote in message news:JtadnTjOk8XYi8fWnZ2dnUVZ_rmdnZ2d@earthlink .com... * wrote in message ... "Bill * wrote in message ... * wrote in message news:dqnjl5l73fvlugoor8537acghkoavee3ab@4ax. com... On Fri, 22 Jan 2010 08:40:09 -0500, wrote: The top brackets ought to be paying 49%, and there should be no cap on earnings subject to social security and medicare taxes. As long as the top 1% controls 50% of the campaign contributions and 100% of the media you won't see that. They may pass that as the published top rate but there will be enough tax shelters and loopholes so they won't actually pay that. The government has a long rich history of using the tax code to drive social policy. If you do politically correct things you get tax breaks, big ones. Is why there will never be a flat tax. *Taxation is the ultimate control. A flat tax is regressive. -- Nom=de=Plume Actually is neither Regressive or Progressive. You're just wrong. I don't know how to say it politely. http://en.wikipedia.org/wiki/Flat_tax No, he's not. *Regression means that the more you make, the less you pay - hardly a flat tax. You have to remember that the theory behind the flat tax offers no deductions. *It's a simple percentage of your income. Didn't say regression - said regressive... and punative for those who make just a bit. You earn $100. You get to keep $90. You earn $100,000. You get to keep $90,000. Which would you pick? 90,000 of course. *But it is fair, for each dollar the use is the same. * Bet the $90,000 earner also worked harder. *Why should he pay 30% when the lacky gets a 10% rate? *Are we penalizing those who work? Besides, that whole position is simple-minded. In regard to taxes there is no choice to be made as the two examples are exactly the same... they are being taxed equally. It's an easy sixth grade math problem. Now if one wanted to discuss compensation, then of course anyone would take the 100k job. Of course, not everyone is qualified or able to perform it. But that's a completely different subject. |
#3
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posted to rec.boats
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"Jack" wrote in message
... On Jan 23, 12:08 pm, Canuck57 wrote: On 23/01/2010 12:31 AM, nom=de=plume wrote: wrote in message m... nom=de=plume wrote: "Bill wrote in message news:JtadnTjOk8XYi8fWnZ2dnUVZ_rmdnZ2d@earthlink .com... wrote in message ... "Bill wrote in message ... wrote in message news:dqnjl5l73fvlugoor8537acghkoavee3ab@4ax. com... On Fri, 22 Jan 2010 08:40:09 -0500, wrote: The top brackets ought to be paying 49%, and there should be no cap on earnings subject to social security and medicare taxes. As long as the top 1% controls 50% of the campaign contributions and 100% of the media you won't see that. They may pass that as the published top rate but there will be enough tax shelters and loopholes so they won't actually pay that. The government has a long rich history of using the tax code to drive social policy. If you do politically correct things you get tax breaks, big ones. Is why there will never be a flat tax. Taxation is the ultimate control. A flat tax is regressive. -- Nom=de=Plume Actually is neither Regressive or Progressive. You're just wrong. I don't know how to say it politely. http://en.wikipedia.org/wiki/Flat_tax No, he's not. Regression means that the more you make, the less you pay - hardly a flat tax. You have to remember that the theory behind the flat tax offers no deductions. It's a simple percentage of your income. Didn't say regression - said regressive... and punative for those who make just a bit. You earn $100. You get to keep $90. You earn $100,000. You get to keep $90,000. Which would you pick? 90,000 of course. But it is fair, for each dollar the use is the same. Bet the $90,000 earner also worked harder. Why should he pay 30% when the lacky gets a 10% rate? Are we penalizing those who work? Besides, that whole position is simple-minded. In regard to taxes there is no choice to be made as the two examples are exactly the same... they are being taxed equally. It's an easy sixth grade math problem. I didn't see knuckle's (no offense intended) reply for some reason. Yes, you're right. They're identical tax rates. My point was that a flat tax isn't appropriate because it's regressive for the lower earner. If you change the lower number to something more reasonable, say $40K/year vs. $100 (which was just a limiting case to use as an example). Someone who makes $40K could be someone who works really hard... 10 hours/day 6 days/week, perhaps two jobs. The person who makes $100K/yr. perhaps might only work 20 hrs./wk. We don't need to get into the socio/economic reasons, but there's no way to claim that the lower earner is working less hard. Yet, when you look at a flat tax, the $40K person would keep $36K. The $100K person would keep $90K. Who is hurt more? Again, which salary would you pick? The answer is likely obvious. Are we penalizing those who work hard, but have low-paying jobs? My answer is yes. Let's take a progressive (e.g., non-flat tax) rate. The upper income person is taxed at 20% and the lower one is taxed at 5%. (Quite a difference, right? Yet...) The numbers: Lower incomer keeps $38K. The upper incomer keeps $80K. Clearly, the upper incomer still keeps a decent amount and most people would still pick being this person. Yet, the lower incomer isn't hurt nearly as much. Now if one wanted to discuss compensation, then of course anyone would take the 100k job. Of course, not everyone is qualified or able to perform it. But that's a completely different subject. True enough I suppose. Of course, there's baggage sometimes associated with higher salaries... different subject as you say. -- Nom=de=Plume |
#4
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posted to rec.boats
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On 23/01/2010 1:43 PM, nom=de=plume wrote:
Yes, you're right. They're identical tax rates. My point was that a flat tax isn't appropriate because it's regressive for the lower earner. If you change the lower number to something more reasonable, say $40K/year vs. $100 (which was just a limiting case to use as an example). Someone who makes $40K could be someone who works really hard... 10 hours/day 6 days/week, perhaps two jobs. The person who makes $100K/yr. perhaps might only work 20 hrs./wk. We don't need to get into the socio/economic reasons, but there's no way to claim that the lower earner is working less hard. Yet, when you look at a flat tax, the $40K person would keep $36K. The $100K person would keep $90K. Who is hurt more? Again, which salary would you pick? The answer is likely obvious. Are we penalizing those who work hard, but have low-paying jobs? My answer is yes. Why not go the other way since we are socialising talk. Why not a fixed head tax, say $10,000 a year. If you can't pay it then you become a slave. You even lose the right to vote as you are considered a minor dependant unable to fend for ones self. The reasoning being in a nanny state of government health care, your ass is just as expensive as mine to keep. We went to the same schools, thus should be taxed the same in value. We ge the same government protection from police, in fact since I make more I have more to loose this even pose a lower risk. So why not a fixed head tax? BTW, I don't agree with a fixed head tax, and I don't agree with aggressive taxation. The turd that coined progressive tried to use a positive word for punitive taxation. I subscribe to flat no deduction taxation, 10% right off the top and no deductions. Taxed at source on every dollar earned, same rate for companies as people. No income tax to fill out. Earn $10, get $9. End of story, no loop holes or BS. No IRA/CRA harasement. Taxed once at source for things like dividends. End the bull**** of taxing the company and then the recipient. Reward investors in business and skip the persecution part. And taxaton is fixed, governmetn cannot raise or lower it without a referendum of all affected. And you can only vote if you pay a minimum of $1000 in taxes. None of this mentality of losers telling winners how it works. Government should have it's spending capped as a percentage of gross income to preven statism creap. If the greedy government wants more revenue, better make for a good economy with decent jobs or suck for it. |
#5
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posted to rec.boats
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On Sat, 23 Jan 2010 17:51:56 -0700, Canuck57
wrote: So why not a fixed head tax? BTW, I don't agree with a fixed head tax, and I don't agree with aggressive taxation. The turd that coined progressive tried to use a positive word for punitive taxation. I subscribe to flat no deduction taxation, 10% right off the top and no deductions. Taxed at source on every dollar earned, same rate for companies as people. No income tax to fill out. Earn $10, get $9. End of story, no loop holes or BS. No IRA/CRA harasement. an idiotic idea. people below a certain income need money to eat. those costs, ceteris paribus, are fixed. there's no reason the govt should take from what people NEED to live vs what discretionary income they hade Taxed once at source for things like dividends. End the bull**** of taxing the company and then the recipient. Reward investors in business and skip the persecution part. there's no persecution. they get to write off their losses |
#6
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posted to rec.boats
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On 23/01/2010 6:04 PM, bpuharic wrote:
I subscribe to flat no deduction taxation, 10% right off the top and no deductions. Taxed at source on every dollar earned, same rate for companies as people. No income tax to fill out. Earn $10, get $9. End of story, no loop holes or BS. No IRA/CRA harasement. an idiotic idea. people below a certain income need money to eat. those costs, ceteris paribus, are fixed. there's no reason the govt should take from what people NEED to live vs what discretionary income they hade Of course they do, I studied stuff like Maslow and was there myself once. Worked out of it. Funny how you tout about taking from people in need, but you will not take a hard long look at what does the government really need? Does it need $2 trillion in debt? If so, show me the results! If $2 trillion can't make solid results in a year, then perhaps governemnt is GREEDY. Look at what Obama is spending on, and show me the results. But if he eliminated 2009 federal income tax, not only would he have less debt, people would have more money. You subscribe to the very people who hold you down. |
#7
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posted to rec.boats
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On Sun, 24 Jan 2010 07:27:10 -0700, Canuck57
wrote: On 23/01/2010 6:04 PM, bpuharic wrote: I subscribe to flat no deduction taxation, 10% right off the top and no deductions. Taxed at source on every dollar earned, same rate for companies as people. No income tax to fill out. Earn $10, get $9. End of story, no loop holes or BS. No IRA/CRA harasement. an idiotic idea. people below a certain income need money to eat. those costs, ceteris paribus, are fixed. there's no reason the govt should take from what people NEED to live vs what discretionary income they hade Of course they do, I studied stuff like Maslow and was there myself once. Worked out of it. Funny how you tout about taking from people in need, but you will not take a hard long look at what does the government really need? Does it need $2 trillion in debt? If so, show me the results! If $2 trillion can't make solid results in a year, then perhaps governemnt is GREEDY. do you know it doesn't? are you aware that, after th 29 collapse the govt did nothing? when consumer spending collapsed, the ONLY spender left in the US was the govt. i have the 29 crash to point to as a failure of YOUR policy where's YOUR evidence of success? Look at what Obama is spending on, and show me the results. But if he eliminated 2009 federal income tax, not only would he have less debt, people would have more money. You subscribe to the very people who hold you down. and you do so for the people who got us into this mess |
#8
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posted to rec.boats
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"Canuck57" wrote in message
... On 23/01/2010 1:43 PM, nom=de=plume wrote: Yes, you're right. They're identical tax rates. My point was that a flat tax isn't appropriate because it's regressive for the lower earner. If you change the lower number to something more reasonable, say $40K/year vs. $100 (which was just a limiting case to use as an example). Someone who makes $40K could be someone who works really hard... 10 hours/day 6 days/week, perhaps two jobs. The person who makes $100K/yr. perhaps might only work 20 hrs./wk. We don't need to get into the socio/economic reasons, but there's no way to claim that the lower earner is working less hard. Yet, when you look at a flat tax, the $40K person would keep $36K. The $100K person would keep $90K. Who is hurt more? Again, which salary would you pick? The answer is likely obvious. Are we penalizing those who work hard, but have low-paying jobs? My answer is yes. Why not go the other way since we are socialising talk. Why not a fixed head tax, say $10,000 a year. If you can't pay it then you become a slave. You even lose the right to vote as you are considered a minor dependant unable to fend for ones self. That's a patently dumb argument. It's not what we're discussing, except in your twisted view of the world. The reasoning being in a nanny state of government health care, your ass is just as expensive as mine to keep. We went to the same schools, thus should be taxed the same in value. We ge the same government protection from police, in fact since I make more I have more to loose this even pose a lower risk. So why not a fixed head tax? blah, blah... same noise, repeated endlessly, as though it's someday going to make sense. BTW, I don't agree with a fixed head tax, and I don't agree with aggressive taxation. The turd that coined progressive tried to use a positive word for punitive taxation. I subscribe to flat no deduction taxation, 10% right off the top and no deductions. Taxed at source on every dollar earned, same rate for companies as people. No income tax to fill out. Earn $10, get $9. End of story, no loop holes or BS. No IRA/CRA harasement. As I said, that's regressive. It punishes lower income folks. Taxed once at source for things like dividends. End the bull**** of taxing the company and then the recipient. Reward investors in business and skip the persecution part. And taxaton is fixed, governmetn cannot raise or lower it without a referendum of all affected. And you can only vote if you pay a minimum of $1000 in taxes. None of this mentality of losers telling winners how it works. Sorry to burst your bubble, but something very similar is going on in California. It's a budget disaster. Government should have it's spending capped as a percentage of gross income to preven statism creap. If the greedy government wants more revenue, better make for a good economy with decent jobs or suck for it. You idiot... the gov't is the people. The gov't doesn't "make for a good economy." The people make up the economy. -- Nom=de=Plume |
#9
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posted to rec.boats
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![]() "nom=de=plume" wrote in message ... "Canuck57" wrote in message ... Government should have it's spending capped as a percentage of gross income to preven statism creap. If the greedy government wants more revenue, better make for a good economy with decent jobs or suck for it. You idiot... the gov't is the people. The gov't doesn't "make for a good economy." The people make up the economy. Ah. A closet conservative. Eisboch |
#10
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posted to rec.boats
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On 24/01/2010 3:07 AM, Eisboch wrote:
wrote in message ... wrote in message ... Government should have it's spending capped as a percentage of gross income to preven statism creap. If the greedy government wants more revenue, better make for a good economy with decent jobs or suck for it. You idiot... the gov't is the people. The gov't doesn't "make for a good economy." The people make up the economy. Ah. A closet conservative. Eisboch At least plum de tart sees at least this much. How few understand he fact that government is a consumer of wealth and not a creator of wealth? Certainly not enough or they would think of Obama debt as the devils work to destroy the US. |
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