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ORIGINAL: Sanity

Most leftists dont have even the first clue about what conservatism is...

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ORIGINAL: Sanity
News flash
Conservative fiscal policy doesnt mean tax and spend

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ORIGINAL: MrRodgers

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ORIGINAL: Sanity


News flash

Conservative fiscal policy doesnt mean tax and spend

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ORIGINAL: Moonhead

And the really pathetic thing is that people who don't have a clue how to pay for this stuff have the brass neck to call themselves "fiscal conservatives". WTF?

Give it up man. There are no conservatives at all in Washington. Conservatives were never slave to a theory, they are pragmatic, meaning they pay for defense build-ups, wars, drug benefits etc., they don't borrow and spend.

Conservatives led the opposition to an income tax and almost exclusively favored strictly business receipts tax for all federal revenue.

Conservatives steadfastly argued against Reagan's deficit spending and every single one I've talked with said we had no business whatsoever in invading Iraq and maybe even to the extent we did...Afghanistan.

Still, once done, you pay for it you do not cut revenue and then borrow for it.

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ORIGINAL: Moonhead

It just annoys me to watch people who've spent eight years making excuses for federal income being cut suddenly start throwing a shitfit about the debts their party run up need to be paid now because somebody from the other party has been voted in.
These people having the gall to call themselves "conservatives" is, as you say, taking the piss.

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ORIGINAL: Sanity


News flash

Conservative fiscal policy doesnt mean tax and spend

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ORIGINAL: Moonhead

And the really pathetic thing is that people who don't have a clue how to pay for this stuff have the brass neck to call themselves "fiscal conservatives". WTF?

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ORIGINAL: Sanity



But it doesnt bother you that the guy we elected who had promised to trim the deficit in half has instead added trillions and trillions to it?

You should also make a note of the fact that the Dems in Congress voted in favor of deficit spending all along, for years and years and years now. How inconvenient is THAT

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ORIGINAL: Moonhead

It just annoys me to watch people who've spent eight years making excuses for federal income being cut suddenly start throwing a shitfit about the debts their party run up need to be paid now because somebody from the other party has been voted in.
These people having the gall to call themselves "conservatives" is, as you say, taking the piss.

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ORIGINAL: Sanity


This assumes that a citizens' money belongs to the governments of the world, that we are all slaves to the ruling class.

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The tax evaded on these massive sums would radically alter the budget positions of cash strapped Govts throughout the world

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ORIGINAL: Sanity


No, Obama said "Yes we can" before he started saying its private business, which he built, and owns, thats not paying dearly enough. Said you dont raise taxes in a recession then passed the biggest tax increase ever on the middle class, in the form of Obamacare. The Dems had full control of the government long enough to pass whatever they wanted and they just added on more spending

Trillions more in new debt despite promises to cut the deficit

"Yes we can" watch the poverty rate grow under Obama

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ORIGINAL: Owner59

No sparky......just the taxes owed on the money.......like every other working stiff has to pay.

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ORIGINAL: tazzygirl

I have a suggestion... simplify the code... no need to hire someone to avoid what cannot be avoided.

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ORIGINAL: Sanity


But simplifying the code would mean no more social engineering...

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ORIGINAL: tazzygirl

I have a suggestion... simplify the code... no need to hire someone to avoid what cannot be avoided.

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ORIGINAL: tj444

As I understand it, one of the big problems is that corps that have international holdings are majorly taxed on any money they earn outside the US if they bring that money into the US.. so it is simply kept outside the US.. Imo, if the money is earned outside the US then the US should have no right to tax it (especially since it would have been taxed in the country that money was made).. But then I come from a country that does not tax based on citizenship as the US greedily does.. so I believe taxing based solely on residence is the only right way for a country to tax.. The US way of taxing is a major reason why I would never become an American citizen...

If the US changed that and instead of grabbing 35% of corp money (brought back to the US) and took say 10%, then imo you would see a lot of that offshore corp profits come into the US and create more jobs here.. and some corps have stated that publicly in various articles I have read, they want to bring at least some of that money and create US jobs but it makes no financial sense to do so.. So the US essentially shoots itself in its foot..

As far as people with offshore accounts, where do they live? If they live outside the US, then again, imo that money should not be taxed by the US.. People with enough money can buy a second citizenship and then renounce their American citizenship, which they are doing in greater numbers. In 2008, only about 200 Americans gave up their citizenship, in the last year that number has jumped to over 1,800.. Its a global world, the US has competition..

I know nothing of how the UK or Australia taxes so my opinion is only about the US tax system which tends to be draconian imo.. as this article of IRS revising its rules shows..

"The Internal Revenue Service today issued new rules granting a penalty break to some U.S. expats and dual citizens who have been unfairly caught up in the harsh U.S. crackdown on secret foreign bank accounts and offshore tax evasion. The relief will help middle class folks who have been living for years in high tax foreign countries such as the United Kingdom, and particularly the estimated one million Americans living in Canada."

JMO

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ORIGINAL: Edwynn
Yes, this is why Germany and The Netherlands and Austria and Norway and Switzerland and Finland ....

OK, I'm too wicked out to list every country that considers it priority to structure society to benefit their own citizens ..., but point made.

Let's look at the OECD numbers and stats and see that higher-taxed countries are the most developed and that the US numbers are in third-world territory. It would benefit the country if you moved back to Canada, no doubt, albeit to the detriment of that country.

PS
Warren Buffett hinted to me that he wants to hit you up for a date, but I told him 'no go.'
See, there are still some folks looking out for you here.

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ORIGINAL: tweakabelle

It's understandable that people focus on the tax implications of offshore accounts. But we shouldn't ignore the employment implications either.

If these funds were invested in job producing enterprises how many jobs would that create? This goes to the core of 'trickledown' theory. Profits are supposed to be invested in job producing outcomes according to the theory. But there are no jobs.

Instead we see the wealthy's new found riches either wasted on luxury consumption or hidden overseas in tax free havens, while the unemployed remain unemployed.

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Despite evidence showing that if you reduce top level tax actual revenue goes up as the more wealthy have less incentive and reward for tax evasion.