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RE: Personal Income Tax Increases - 11/10/2011 7:26:55 AM

tazzygirl

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Because everyone benefits.

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Post #: 21

RE: Personal Income Tax Increases - 11/10/2011 7:29:01 AM

thompsonx

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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?

(in reply to tazzygirl)

Post #: 22

RE: Personal Income Tax Increases - 11/10/2011 7:29:12 AM

Nosathro

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From: Orange County, California
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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/

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Post #: 23

RE: Personal Income Tax Increases - 11/10/2011 7:31:59 AM

thompsonx

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quote:

ORIGINAL: tazzygirl

Because everyone benefits.

How does everyone benefit when the the not rich support the rich?

(in reply to tazzygirl)

Post #: 24

RE: Personal Income Tax Increases - 11/10/2011 7:34:19 AM

thompsonx

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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?

(in reply to Nosathro)

Post #: 25

RE: Personal Income Tax Increases - 11/10/2011 7:38:03 AM

tazzygirl

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Joined: 10/12/2007
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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%

_____________________________

Telling me to take Midol wont help your butthurt.
RIP, my demon-child 5-16-11
Duchess of Dissent 1
Dont judge me because I sin differently than you.
If you want it sugar coated, dont ask me what i think! It would violate TOS.

(in reply to thompsonx)

Post #: 26

RE: Personal Income Tax Increases - 11/10/2011 7:48:09 AM

thompsonx

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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?

(in reply to tazzygirl)

Post #: 27

RE: Personal Income Tax Increases - 11/10/2011 12:32:07 PM

tazzygirl

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I think that is sorta part of the point.

_____________________________

Telling me to take Midol wont help your butthurt.
RIP, my demon-child 5-16-11
Duchess of Dissent 1
Dont judge me because I sin differently than you.
If you want it sugar coated, dont ask me what i think! It would violate TOS.

(in reply to thompsonx)

Post #: 28

RE: Personal Income Tax Increases - 11/10/2011 3:14:31 PM

OrionTheWolf

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~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?

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Post #: 29

RE: Personal Income Tax Increases - 11/10/2011 3:53:06 PM

slvemike4u

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From: United States
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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.

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Post #: 30

RE: Personal Income Tax Increases - 11/10/2011 4:03:23 PM

thompsonx

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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?

(in reply to tazzygirl)

Post #: 31

RE: Personal Income Tax Increases - 11/10/2011 4:09:18 PM

thompsonx

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Joined: 10/1/2006
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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?

(in reply to tazzygirl)

Post #: 32

RE: Personal Income Tax Increases - 11/10/2011 4:37:31 PM

Iamsemisweet

Posts: 3651
Joined: 4/9/2011
From: The Great Northwest, USA
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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/

_____________________________

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The Cat: Oh, you can't help that. We're all mad here. I'm mad. You're mad.
Alice: How do you know I'm mad?
The Cat: You must be. Or you wouldn't have come here.

(in reply to Nosathro)

Post #: 33

RE: Personal Income Tax Increases - 11/10/2011 4:47:07 PM

FirmhandKY

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Joined: 9/21/2004
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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

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Post #: 34

RE: Personal Income Tax Increases - 11/10/2011 5:00:31 PM

tazzygirl

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Joined: 10/12/2007
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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.

_____________________________

Telling me to take Midol wont help your butthurt.
RIP, my demon-child 5-16-11
Duchess of Dissent 1
Dont judge me because I sin differently than you.
If you want it sugar coated, dont ask me what i think! It would violate TOS.

(in reply to thompsonx)

Post #: 35

RE: Personal Income Tax Increases - 11/10/2011 5:08:54 PM

tazzygirl

Posts: 37833
Joined: 10/12/2007
Status: offline

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?

_____________________________

Telling me to take Midol wont help your butthurt.
RIP, my demon-child 5-16-11
Duchess of Dissent 1
Dont judge me because I sin differently than you.
If you want it sugar coated, dont ask me what i think! It would violate TOS.

(in reply to thompsonx)

Post #: 36

RE: Personal Income Tax Increases - 11/10/2011 5:27:37 PM

fox469

Posts: 6
Status: offline

Can someone delete this please I either can't find it or it's not allowed... no idea how I posted this.

< Message edited by fox469 -- 11/10/2011 5:33:36 PM >

(in reply to tazzygirl)

Post #: 37

RE: Personal Income Tax Increases - 11/11/2011 7:52:57 AM

thompsonx

Posts: 23322
Joined: 10/1/2006
Status: offline

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.

(in reply to tazzygirl)

Post #: 38

RE: Personal Income Tax Increases - 11/11/2011 8:02:50 AM

thompsonx

Posts: 23322
Joined: 10/1/2006
Status: offline

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%

(in reply to tazzygirl)

Post #: 39

RE: Personal Income Tax Increases - 11/11/2011 8:06:11 AM

tazzygirl

Posts: 37833
Joined: 10/12/2007
Status: offline

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?

_____________________________

Telling me to take Midol wont help your butthurt.
RIP, my demon-child 5-16-11
Duchess of Dissent 1
Dont judge me because I sin differently than you.
If you want it sugar coated, dont ask me what i think! It would violate TOS.

(in reply to thompsonx)

Post #: 40

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