RE: Personal Income Tax Increases

RE: Personal Income Tax Increases (Full Version)

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tazzygirl -> RE: Personal Income Tax Increases (11/10/2011 7:26:55 AM)
Because everyone benefits.

thompsonx -> RE: Personal Income Tax Increases (11/10/2011 7:29:01 AM)
quote: The experiment started in a small way in 1994, when Estonia became the first country in Europe to introduce a “flat tax” on personal and corporate income. Income is taxed at a single uniform rate of 26%: no schedule of rates, no deductions. The economy has flourished. Who would expect a government to fail that took 26% of total income of both personal and corporate?

Nosathro -> RE: Personal Income Tax Increases (11/10/2011 7:29:12 AM)
Well Obama did raise taxes on us, he just stop all our deductions...Oh and there are come companies that have not paid taxes in years. http://thinkprogress.org/economy/2011/11/03/360185/30-corporations-no-taxes/

thompsonx -> RE: Personal Income Tax Increases (11/10/2011 7:31:59 AM)
quote: ORIGINAL: tazzygirl Because everyone benefits. How does everyone benefit when the the not rich support the rich?

thompsonx -> RE: Personal Income Tax Increases (11/10/2011 7:34:19 AM)
quote: ORIGINAL: Nosathro Well Obama did raise taxes on us, he just stop all our deductions...Oh and there are come companies that have not paid taxes in years. http://thinkprogress.org/economy/2011/11/03/360185/30-corporations-no-taxes/ I am pretty sure that the constitution requires that the congress and not the president is responsible for taxation...or did I not get the memo?

tazzygirl -> RE: Personal Income Tax Increases (11/10/2011 7:38:03 AM)
quote: ORIGINAL: thompsonx quote: The experiment started in a small way in 1994, when Estonia became the first country in Europe to introduce a “flat tax” on personal and corporate income. Income is taxed at a single uniform rate of 26%: no schedule of rates, no deductions. The economy has flourished. Who would expect a government to fail that took 26% of total income of both personal and corporate? Which has gotten smaller year by year. Currently, I believe its at 19 or 18%

thompsonx -> RE: Personal Income Tax Increases (11/10/2011 7:48:09 AM)
quote: ORIGINAL: tazzygirl quote: ORIGINAL: thompsonx quote: The experiment started in a small way in 1994, when Estonia became the first country in Europe to introduce a “flat tax” on personal and corporate income. Income is taxed at a single uniform rate of 26%: no schedule of rates, no deductions. The economy has flourished. Who would expect a government to fail that took 26% of total income of both personal and corporate? Which has gotten smaller year by year. Currently, I believe its at 19 or 18% Who would expect a government to fail that took 18-19% of total income of both personal and corporate?

tazzygirl -> RE: Personal Income Tax Increases (11/10/2011 12:32:07 PM)
I think that is sorta part of the point.

OrionTheWolf -> RE: Personal Income Tax Increases (11/10/2011 3:14:31 PM)
~FR~ Many of these individual tax cuts and credits expire at the end of this year and next, but they will not close loopholes for corporations. How was it that Reagan increased tax revenue?

slvemike4u -> RE: Personal Income Tax Increases (11/10/2011 3:53:06 PM)
quote: ORIGINAL: servantforuse Didn't Obama promise not to raise taxes on the middle class ? More hope and change. He is not raising taxes....he is letting the " temporary"Bush tax cuts expire....at least I hope he is.Unless he caves again.

thompsonx -> RE: Personal Income Tax Increases (11/10/2011 4:03:23 PM)
quote: ORIGINAL: tazzygirl Because everyone benefits. How do the poor benifit from paying for the crumbs of a pie they do not get to eat?

thompsonx -> RE: Personal Income Tax Increases (11/10/2011 4:09:18 PM)
Who would expect a government to fail that took 18-19% of total income of both personal and corporate? quote: ORIGINAL: tazzygirl I think that is sorta part of the point. So if a country with a defense budget equal to a single digit percentage of the u.s. can make it on 18-19% tax on all income personal and corporate then the u.s. should be able to do the same?

Iamsemisweet -> RE: Personal Income Tax Increases (11/10/2011 4:37:31 PM)
I don't know why this is so hard to understand, but: Congress passes legislation. Changes in the tax code require legislation. Obama is not in Congress. Is that clear enough for you? Did you sleep through civics class in high school? quote: ORIGINAL: Nosathro Well Obama did raise taxes on us, he just stop all our deductions...Oh and there are come companies that have not paid taxes in years. http://thinkprogress.org/economy/2011/11/03/360185/30-corporations-no-taxes/

FirmhandKY -> RE: Personal Income Tax Increases (11/10/2011 4:47:07 PM)
quote: ORIGINAL: Iamsemisweet I don't know why this is so hard to understand, but: Congress passes legislation. Changes in the tax code require legislation. Obama is not in Congress. Is that clear enough for you? Did you sleep through civics class in high school? You missed a step: President signs legislation, making it law. Firm

tazzygirl -> RE: Personal Income Tax Increases (11/10/2011 5:00:31 PM)
quote: ORIGINAL: thompsonx quote: ORIGINAL: tazzygirl Because everyone benefits. How do the poor benifit from paying for the crumbs of a pie they do not get to eat? How do the poor benefit from increased tax revenue? What is it our taxes pay for? Increased education, increased infrastructure, increased hiring, increased Medicaid/Medicare.... the list goes on and on.

tazzygirl -> RE: Personal Income Tax Increases (11/10/2011 5:08:54 PM)
quote: So if a country with a defense budget equal to a single digit percentage of the u.s. can make it on 18-19% tax on all income personal and corporate then the u.s. should be able to do the same? Ahhh.. but there you are wrong in your comparison. Population 3 United States 312,582,000 November 10, 2011 152 Estonia 1,340,194 January 1, 2011 Military spending 1 United States 698,105,000,000 4.7% (GDP, 2010) 90 Estonia 336,000,000 2.3% (GDP 2010) One percentage point?

fox469 -> RE: Personal Income Tax Increases (11/10/2011 5:27:37 PM)
Can someone delete this please I either can't find it or it's not allowed... no idea how I posted this.

thompsonx -> RE: Personal Income Tax Increases (11/11/2011 7:52:57 AM)
quote: ORIGINAL: tazzygirl quote: ORIGINAL: thompsonx quote: ORIGINAL: tazzygirl Because everyone benefits. How do the poor benifit from paying for the crumbs of a pie they do not get to eat? How do the poor benefit from increased tax revenue? What is it our taxes pay for? Increased education, increased infrastructure, increased hiring, increased Medicaid/Medicare.... the list goes on and on. Would you care to answer the question I asked? How do the poor benifit from paying for the crumbs of a pie they do not get to eat? If you wish to increase tax revenues then you should tax those who eat the pie and not those who get the crumbs.

thompsonx -> RE: Personal Income Tax Increases (11/11/2011 8:02:50 AM)
quote: ORIGINAL: tazzygirl quote: So if a country with a defense budget equal to a single digit percentage of the u.s. can make it on 18-19% tax on all income personal and corporate then the u.s. should be able to do the same? Ahhh.. but there you are wrong in your comparison. Population 3 United States 312,582,000 November 10, 2011 152 Estonia 1,340,194 January 1, 2011 Military spending 1 United States 698,105,000,000 4.7% (GDP, 2010) 90 Estonia 336,000,000 2.3% (GDP 2010) One percentage point? Perhaps if you were to learn how to do arithmetic you would not need a prybar to get your feet out of your mouth 698,105,000,000/336,000,000=1/2077 which is a tiny fraction of 1%

tazzygirl -> RE: Personal Income Tax Increases (11/11/2011 8:06:11 AM)
Gee thompson, everyone eats at the table. Are you suggesting some people shouldnt pay at all? I have already covered poverty level... a progressive tax creates the fucked up mess we have today. But, perhaps you should enlighten us... what crumbs do the poor pay for but not eat in a flat tax system?

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