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H.R.4 Bill Passed by GOP Increases Budget Defictit by 21B over 10 years

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Optimally they would just revise the tax code and give 3 tiers at 5/15/25

Because you should definitely punish those that make more money.
 
How about just taxing people equally?

Way WAY too much common sense in that post to be allowed here. Oh no, we can't have a flat tax because..................because.................it's Bush's fault. Rich people are evil. :rolleyes:
 
Way WAY too much common sense in that post to be allowed here. Oh no, we can't have a flat tax because..................because.................it's Bush's fault. Rich people are evil. :rolleyes:

I have no problem with a flat tax, the logistics of it will never work. I think a 5/15/25 is fine, everyone's income tax would drop except the slackers'.
 
Because you should definitely punish those that make more money.

It's not punishment, it's the cost of doing business. If you think you aren't being taxed fairly make less and you can pay a %age that is more suitable to your desires. Me, I'm gonna make as much as I can.
 
How about just taxing people equally?

That would be great but that's not what the rich want. I get taxed to hell but I am used to it....part of being a middle class New Yorker.

The rich in NYC get the breaks.

How does A Rod who makes $33 million per year get to pay only $1,200 this year in taxes while would have to pay at least $4000.00 in taxes?



NY Loses $900 Million Annually On Condo Tax Loophole
The politicians and real estate insiders call it the "421A" program. It grants as much as a 98% percent tax abatement for up to 25 years to condo owners in newly built housing.
The bulk of the 421A benefit has gone to luxury housing in Manhattan, though a few reforms by City Hall and the Legislature in 2007 at least required developers to build 20% affordable housing to qualify for the tax abatement.



$1,200 to me is a lot of money, A-Rod bets that on one shot playing poker. That's the difference I see here.
 
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Way WAY too much common sense in that post to be allowed here. Oh no, we can't have a flat tax because..................because.................it's Bush's fault. Rich people are evil. :rolleyes:

Can you explain your version of a flat tax?

I don't think rich people are evil...well some are. I want to be rich myself even it takes me being evil.
It's not about jealousy either, I make a lot more than most of my nieghbors do and I can see how the have not's behave.
 
:coffee:
 
I bet 89% of the people on IM are either middle class and the rest either poor or rich.

If you were rich you would be skinny dipping in the bahamas or sking the slopes in europe not caring about this thread..

If you were poor you would have no internet. :D
 
15% of all income, no matter the source.

Just wondering...a flat tax for most people would be the poor pay $5000.00, the middle $5000.00 and the rich $5000.00.......keeping it simple, some people think this way.:tomato:
 
I'm not saying this is what I think I am wondering if that's what other think.

Ah, got you. However, no one that I have ever talked to about flat tax has mentioned it working that way. They have all believed it to be a percentage tax, not an absolute dollar tax.
 
Ah, got you. However, no one that I have ever talked to about flat tax has mentioned it working that way. They have all believed it to be a percentage tax, not an absolute dollar tax.

You never know, probably the people who think people like ARod should pay less property taxes than your average real New yorker think this way.
 
Why wouldn't it work?

We could afford it if we didn't start wars, bailout wall street, and give corporate welfare, but those things will never cease to happen. Hell, I don't think we could fund the military budget on a flat tax unless it exceeds 20%, which is too high for someone making $25k a year.
 
We could afford it if we didn't start wars, bailout wall street, and give corporate welfare, but those things will never cease to happen. Hell, I don't think we could fund the military budget on a flat tax unless it exceeds 20%, which is too high for someone making $25k a year.

True. That goes back to what ALBOB was saying. Unless you control you spending it doesn't matter how much you tax.
 
I have no problem with a flat tax, the logistics of it will never work. I think a 5/15/25 is fine, everyone's income tax would drop except the slackers'.

#1 Logistics would allow you to make a 5/15/25 system work but not a straight flat tax? Please explain how a more complicated system would be easier to impliment than a LESS complicated system.

#2 Slacker? The people that go out, take risks and actually MAKE something of themselves are slackers? As opposed to those that sit on the sidelines and collect handouts? Wow.
 
#1 Logistics would allow you to make a 5/15/25 system work but not a straight flat tax? Please explain how a more complicated system would be easier to impliment than a LESS complicated system.

#2 Slacker? The people that go out, take risks and actually MAKE something of themselves are slackers? As opposed to those that sit on the sidelines and collect handouts? Wow.

#1 It would generate more revenue, I don't know how that isn't apparent

#2 The "slackers" I was referring are the people at the bottom taking in the services and not paying anything in. I wasn't referring to the wealthy.
 
Can you explain your version of a flat tax?

What Dale said, 15% of income. That specific number can be debated but, that's the general idea.

Although I will part from Dale on the "ALLincome" portion because I'm guessing he'd count inheritance as income. I strongly oppose the inheritance tax.
 
#1 It would generate more revenue, I don't know how that isn't apparent.

That's not what you said. You said a flat tax wouldn't work because of the logistics. Logistics mean implimentation. My question is, how would it be easier logistically to impliment a more complicated system? That's counter-intuitive.

#2 The "slackers" I was referring are the people at the bottom taking in the services and not paying anything in. I wasn't referring to the wealthy.

NOW we're finding some common ground. :thumb:
 
Our taxes in NYC is outrageous, the less I made the less I was taxed and the more I took back.
 
That's not what you said. You said a flat tax wouldn't work because of the logistics. Logistics mean implimentation. My question is, how would it be easier logistically to impliment a more complicated system? That's counter-intuitive.

NOW we're finding some common ground. :thumb:

The logistics meaning that 15% of all income wouldn't be able to even fund our defensive spending. As for inheritance, I am neither for nor against leaving it out if we can swing it. In my personal opinion, I think it should be taxed for the simple fact that it was never earned by the recipient. Now, how can giving handouts to poor people be bad because they didn't have to work for it but handing over $10 million to someone who won the lucky sperm lottery is perfectly fine? How is that teaching someone to work hard. Two words...Paris Hilton.
 
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