Cutting the Deficiet

Re: Cutting the Deficiet

PostBy: jpete On: Wed Feb 25, 2009 11:22 pm

Devil505 wrote:
jpete wrote:43% and 49.2% means "more voters rejected than voted" for him.


Yes but they rejected him LESS than they rejected his opponent! :P :lol:


Since the average American functions at about an eighth grade education level, I won't consider that a "ringing endorsement". :(
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Re: Cutting the Deficiet

PostBy: KLook On: Thu Feb 26, 2009 8:24 am

As much as we disagree Devil, it was meant as a light hearted jab. Jpete and Mikeand gerry are argueing well enough for me. So I am trying to be a good little country hick and just read what I can understand and guess the rest. cause I'm not lawyer or play one on tv.

Kiven danm Kivin danm Keven damn (See? I can't even spell my own name!)
Kevin
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Re: Cutting the Deficiet

PostBy: Devil505 On: Thu Feb 26, 2009 8:29 am

KLook wrote:As much as we disagree Devil, it was meant as a light hearted jab.


That's exactly how I understood it Kevin. :cheers:
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Re: Cutting the Deficiet

PostBy: BillMarti On: Thu Feb 26, 2009 12:08 pm

It may have taken Bush 8 years to put us in debt but it only took BO a few weeks to double it BO wins. And ain't they going to ask for another 400 billion dollars to run the government for 6 months. And now BO claims he's doing to cut the deficit in half over the next few years. Who's bullsh***ng who. We all know thats impossible. We didn't have the (magic) money to begin with and now we're going to see (magic) money pay our deficit. Click your heals together 3 times.


Bill S
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Re: Cutting the Deficiet

PostBy: BillMarti On: Thu Feb 26, 2009 12:42 pm

Instead of all the infighting why not just agree that nobody is innocent of having a hand in this mess. Here's my idea which is not original we all pay 33% of our pay in taxes "the working man" and 40% don't "the special people". Now all tax on our pay check is eliminated but now sales tax is raised to 15% to 20% in all states. Now several things happen everybody pays no matter who it is illegal aliens,the 40%, the rich and those who come here to start a business and are not citizens. We "the working man" gain about 15% saving right from the get go and those who play the system get nailed because they have to pay there's no way around it and the government can't issue new taxes. And the Nazi IRS will be eliminated which will also reduce government spending and stop one more leverage against us. There will be a lot of excess money to waste and earmark and if it ain't enough then again there's too much government eliminate more dead wood those who wasted money should go at next election. This is not a debate this is an workable idea.

Bill S.
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Re: Cutting the Deficiet

PostBy: Devil505 On: Thu Feb 26, 2009 12:44 pm

BillMarti wrote:Now all tax on our pay check is eliminated but now sales tax is raised to 15% to 20% in all states. Now several things happen everybody pays no matter who it is illegal aliens,the 40%, the rich and those who come here to start a business and are not citizens.


Absolutely agree! :up: :devil:
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Re: Cutting the Deficiet

PostBy: jpete On: Thu Feb 26, 2009 1:18 pm

The rich can afford to buy stuff in other countries. Hell they can afford to leave the country. And if there is a 20% tax on everything, you wouldn't come close to paying for government. Try doubling that. Why not cut the government to a Constitutioal size? Nah! What am I thinking? If we didn't have government how would I know how to wipe my backside?!
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Re: Cutting the Deficiet

PostBy: Devil505 On: Thu Feb 26, 2009 1:44 pm

jpete wrote:The rich can afford to buy stuff in other countries.


We can work out the details & loophole fixes when it's legislated but I like the concept of a consumption tax rather than an income tax.(after all....What good is income until it's used to actually purchase something?...It's fairer to tax it at the purchase point, rather than the acquisition point, imo)
Last edited by Devil505 on Thu Feb 26, 2009 2:19 pm, edited 1 time in total.
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Re: Cutting the Deficiet

PostBy: jpete On: Thu Feb 26, 2009 2:06 pm

I don't have a problem with a consumption tax, per se, but if you don't cut the government about 90%, the rate will do nothing but drive those who can afford to out and drive the rest into the ground.
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Re: Cutting the Deficiet

PostBy: tvb On: Thu Feb 26, 2009 2:21 pm

The problem with a consumption tax is it's regressive nature. Poor people spend virtually all their income and often have little left over for savings and so would be taxed on nearly 100% of what they earn. As wealth increases, the percentage of income spent vs saved is generally less and thus the wealthier one is, the smaller percentage of income they would be taxed on.

The argument that tries to poke in the regressive nature that wealthier as a rule spend more isn't solid because it's not always the case. There are millions of wealthy folks who don't spend lavishly.

That said, I do believe firmly the tax code in this country needs serious overhauling. The tax avoidance loopholes should be done away for the most part; things like charity donations deductions are good but the vast majority are simply tax avoidance schemes. I'd love to see a flat tax of some percentage - maybe even a percentage rate that grows (within reason) as wealth increases. Such a formula would retain the progressive nature of taxation we currently have while making sure everyone pays their full share with corporations paying the largest amounts without tax breaks the current system provides for.
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Re: Cutting the Deficiet

PostBy: billlindley On: Thu Feb 26, 2009 2:26 pm

jpete wrote:The rich can afford to buy stuff in other countries. Hell they can afford to leave the country. And if there is a 20% tax on everything, you wouldn't come close to paying for government. Try doubling that. Why not cut the government to a Constitutioal size? Nah! What am I thinking? If we didn't have government how would I know how to wipe my backside?!


This is one way to save the housing market. Tack on a 20% tax on home sales and you may just get the final sales price, in some areas, back to what it used to be. Now that wouldn;t be equity or anything but in this enviornment you have to think positive.....


This is simple, uneducated Bill talking. I know it wouldn't really help
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Re: Cutting the Deficiet

PostBy: BillMarti On: Thu Feb 26, 2009 2:37 pm

Devil,

You do surprise me at times but I think it will work with a little work to close loopholes.

tvb,

No it will not affect poor people they are paying the same taxes everybody else is paying which means they're saving 10% to 13% from the get go. If you are talking about those on welfare they need to find a job anyway because it's time limited. So as I said it's not a debate. There are always those that fight the system shame on them.

Bill S
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Re: Cutting the Deficiet

PostBy: billlindley On: Thu Feb 26, 2009 2:46 pm

Wait wait wait!! If a flat tax is put into place what would all the people at the IRS, Tax Lawyers, Tax Accountnats and so on do? O no more unemployment :| You are going to have GM Assembly Line Workers and Tax Accountants marching on Washington. :mad:
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Re: Cutting the Deficiet

PostBy: jpete On: Thu Feb 26, 2009 2:51 pm

billlindley wrote:
jpete wrote:The rich can afford to buy stuff in other countries. Hell they can afford to leave the country. And if there is a 20% tax on everything, you wouldn't come close to paying for government. Try doubling that. Why not cut the government to a Constitutioal size? Nah! What am I thinking? If we didn't have government how would I know how to wipe my backside?!


This is one way to save the housing market. Tack on a 20% tax on home sales and you may just get the final sales price, in some areas, back to what it used to be. Now that wouldn;t be equity or anything but in this enviornment you have to think positive.....


This is simple, uneducated Bill talking. I know it wouldn't really help

How is making an already overpriced product more expensive going to fix things? The problem with the government action so far is that they are not allowing prices to fall to where people can afford them.
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Re: Cutting the Deficiet

PostBy: BillMarti On: Thu Feb 26, 2009 3:30 pm

This is a republic to represent the majority not the minority. Income tax is another illegal venture by the government and most tax people work once a year. It's not our fault the government caused these unnecessary jobs to form. When the economy is self sustaining employment is not a problem the only problem is the people playing the system to avoid work and live off the honest working man. But we always have the few that find none existent problems to point out. Now lets get back on track if we instate this flat tax bill and the economy is operating in the black which it will cause a employment demand and we train those that need training with all additional money acquired by the flat tax whats the problem. If those that were trained in their chosen field decide not to work shame on them it's their decision to remain unemployed. But as I said their are people out there with the what if's and what about's that are part of the problem. I believe if you are healthy and there are jobs available and you chose not to work then you shouldn't eat and that's incentive. Worry about your family first and if you have something left over help your neighbor that's being a good citizen.

Bill S
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