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David Floyd
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The bottom of a large bottle of beer
Jan 1970 time: 05:30
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If you don't want all those social programs, then why all the taxes? Don't the taxes at that point just become punitive?
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Japher
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Ook! Ook! Ack! Ack! Ack!
Jun 2002 time: 05:30
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red:
quote: How about, as a compromise, for every dollar you earn (say) between
$0 - $5000 - you pay no tax
5,000 -15000 - you pay 15% tax
$15000 - $30000 - you pay 20%
$30000 - $60000 - you pay 35%
$60000 + you pay 50%
totally arbritary figures, but you get the gist? |
That is how it is done here, not sure if someone addressed that point.
Yet, the ranges are bigger and very more drasically so that some who does make over $250,000 will pay over %40 of the money they earn while people who make less than 75,000 will pay around 25%.
I think a flat tax would be fine if applied to a scale such as red listed aboved.
The thing is that rich people are more like to a) own their own buisness b) own a home, and c) earn more moeny.
Because of a) they can incorporate and shelter a lot of taxable dollars and right-off certain non-buisness related expenses as buisness, i.e. insurance, homes, cars, educations, etc...
Because of b) they can, and will, itemize their taxes as to optimize their returns. Righting off a lot of their taxes owing to interest rates, property taxes, and depreciation.
Yet, because of c) all these so called 'advantages' that people complain about the rich taking advantage of get taken away. As on gets richer tax shelters get taken away. You are no longer able to have those right-offs for b) and a lot of issues alotted to you in a) disappear as well since you have to great of an income, and are therefore not putting "enough" money back into a buisness that produces jobs. Yet, how are self-employed people suppose to create more work when there is only one of them?
Loopholes exist for a reason, to help give back to people who produce jobs and pay the higher percentage of all taxes, or give more to the goveernment. Yet, when that person begins to make too much those loopholes are removed and that person is stuck paying out 50% of their money. In essence someone who is making 275,000 can actually only see 200,000, the same amount that someone making 400,000 will see. Now, that is not capitalism, and is not because of taxes.
This is why a lot of rich folk shelter their money, buy a lot of investments, and suppress their earnings until they are able to actually realize more if taken into a new braket. Most millionares earn less than $250,000/year...
My point? Everyone should pay their share, but that share should be more directly linked with what they get out of society and what they give to society rather than arbitrary values assigned to earnings brackets. When someone who has created 50 jobs and nets 400,000 because of which actually only sees 200,000, which is the same amount that someone who created 10 jobs and nets 275,000... each with the same accountant.
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Dom Pedro II
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The College of New Jersey
Nov 1999 time: 05:30
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Ok, ok... well, let's consider this for a moment....
you pay more, you get more... the money the rich shell out help uphold a system that benefits them... and the poor... well, not so much. more like they're paying to support a system that represses them. The cops come to your house a lot faster if you live in one part of Englewood than in another... you're kids get a much better education at Bergen Academy (which is public) than at Ridgefield Park High... now, of course, you know not of the locations, but I hope you get the idea...
If the services are equal, then it qualifies making the taxes equal, but until then, people are getting what they paid for.
And perhaps the rich wouldn't have to pay so much if we..... Stopped shelling out money to support corporations! Or create an unnecessarily large military! Interesting that the people who are screaming for less taxes are also willing to shell out are money for these things... Once again, a system designed to help those who pay the most. I see no problems here.
But how about this.... a flat rate for income taxes, but the amount of time spent in prison for burglary is dramatically reduced. In fact, better yet, we'll have a special... one day a year, anybody who makes under $15,000 a year and is an independent gets to loot whatever they can grab.
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Vesayen
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quote: Originally posted by Dom Pedro II
But how about this.... a flat rate for income taxes, but the amount of time spent in prison for burglary is dramatically reduced. In fact, better yet, we'll have a special... one day a year, anybody who makes under $15,000 a year and is an independent gets to loot whatever they can grab. |
DOM PEDRO FOR PRESIDENT!!!!!!!!!!
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Japher
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Ook! Ook! Ack! Ack! Ack!
Jun 2002 time: 05:30
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Dom: I know that here in CA that is how they divy the money. School districts are better or worse due to the clients they serve (respectible or not), the organization of their district (year round, magnet schools, dress codes), and the size of their student body.
Cops should do their jobs, period. If you see a cop not doing his job get his badge number or car number and report it to the police and your congressman.
Libertarianism is conservatism with a greater Lasse Faire policy... I think it would work, but their would need to be a lot of changes to the local governments.
A flat tax, and libertarian state would work if the adjustments in taxes per income braket were larger and more discreet. This will, however, cause larger class gaps, but would force charitable donations and increase the welfare of social services. This will occur by those who fall midway between one braket and another, so that it would be cheaper for them to give money than to keep it.
I.e.
If you make from ??? up to 75k you pay 20% of your total income as tax.
If you make from 75k to 150k you pay 26% of your total income as tax.
If you make from 150k to 250k you pay 32% of your total income as tax
If you make from 250k to 400k you pay 38% of your total income as tax
and anything over you pay 42%...
This would force people to either a) shelter the money best they can in investments or b) donate the extra money over what the would earn to stay with in their bracket. Will have to make at least 162k to break even with someone making 150k after taxes, giving 12k that needs to be given to charity in order to actually make as much as someone making 150k. This difference becomes bigger with the differing tax brackets. Then, to maintain it as a flat tax, if one tax % goes up or down within any bracket, they all do proportionally (or the same percentage)...
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Dom Pedro II
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The College of New Jersey
Nov 1999 time: 05:30
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Well, there are certainly a number of rich who aren't exactly paying what they ought to be...
but anyway, I'm even more libertarian than libertarians..
I personally would eliminate public high school altogether in every state.
Get rid of social security, get rid of welfare (although I would employ a negative income tax).
Dismantle most of the military, FBI, and CIA and stick with a small but efficient system.
I would make government subsidies non-existent. If they can't float on their own, they sink. Period.
And I would emphasize a greater amount on private charities. I mean, honestly, what does it say for our society when the government has to do everything for us? I mean, those who claim compassion for their fellow man ignore the fact that if anything, government charity breeds complacency and disinterest.
We ALL have a responsibility to help our fellow men, and we should do our part when we can. That doesn't just mean contributions either, it means in our time as well. What's the point of building a society where somebody's life may be entirely dependent on a populace and a bureaucracy that doesn't give a damn?
In short, the government that governs best governs least.
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Albert Speer
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Puerile Polemic
Mar 1999 time: 00:30
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Vel:
don't worry... when it comes to statements like that, Dave is just talking... i'm sure he pays taxes and all that and is not hiding away in a compound, armed with AK's and grenades
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yavoon
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quote: Originally posted by Dom Pedro II
Only a political level, I'm all for Libertarianism, but I refuse to become one because I know what they're all about...
They don't choose Libertarianism because the system works, they choose it because its the best way for the greedy bastards to get even richer. And I say to HELL with that.
I agree great obiwan. |
u can spew the same crap at the other side. its no shock poor ppl like socialism, IT GIVES THEM MONEY. who wouldn't want money they didn't earn.
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yavoon
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quote: Originally posted by Dom Pedro II
Well, I'll tell ya what yavoon... wanting money when you're starving is slightly different from wanting money when you're driving a Lexus. And if you read on, you'd see that I'm FAR from left. |
I think its been pointed out that almost no1 in america is starving. and even fewer are starving cuz of something that isnt their fault(substance abuse). if u can be a crack addict on welfare and NOT starve to death, I'd say the country ur in is giving u plenty.
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yavoon
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quote: Originally posted by Dom Pedro II
But look who the communists are in this country... they AREN'T the poor.
I didn't realize we were speaking of the USA. In other countries where the Communists ARE the poor, they ARE starving. |
the poor aren't communists, but they are socialists in america.
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Albert Speer
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Puerile Polemic
Mar 1999 time: 00:30
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american poor left-wing? yeah right... havent there been hundreds of polls that show even union workers are far more capitalistic than europeans.
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yavoon
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quote: Originally posted by Albert Speer
american poor left-wing? yeah right... havent there been hundreds of polls that show even union workers are far more capitalistic than europeans. |
europeans are pretty socialist. falling a lil to the right of can easily keep u w/in the right area.
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