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Taxes - 4/16/2014 10:48:58 AM   
cloudboy


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Everyone filed their taxes or extensions by this past April 15, 2014. If you were able to reallocate US tax dollars in order to improve the general welfare of the nation, how would you do it? See the chart below and adjust your own percentages accordingly.




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< Message edited by cloudboy -- 4/16/2014 10:49:17 AM >
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RE: Taxes - 4/16/2014 10:52:42 AM   
cloudboy


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Obama's proposes spending for 2013 was:






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RE: Taxes - 4/16/2014 10:53:42 AM   
mnottertail


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http://www.whitehouse.gov/2013-taxreceipt

this is a pretty good one.

http://www.upworthy.com/for-those-who-think-big-government-is-taking-a-huge-portion-of-tax-dollars-i-present-facts?c=ufb1
(another dollar bill, this one not from the heritage foundation, and the numbers slightly different)

< Message edited by mnottertail -- 4/16/2014 11:03:47 AM >


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RE: Taxes - 4/16/2014 11:03:53 AM   
cloudboy


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My plan would be to reduce medicare spending by reducing health care costs. I would set rates the US would pay for prescription drugs and also rates the US would pay for basic medical procedures. This would save about 10% on costs.

I would also cut military spending by 40%.

------

So we go from 19% National Defense to 11.5%.

We go from 23% medicare to 20.5%

This uncovers 10% of revenues to be reallocated into discretionary spending. I would then up "all other spending" to 13% (+5%) and transportation to 5% (+3%) and 2% (+2%) to help fund US adult education. (A new category.)

< Message edited by cloudboy -- 4/16/2014 11:05:25 AM >

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RE: Taxes - 4/16/2014 11:46:25 AM   
mnottertail


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I could do some of that, of course we still outstrip our revenues by 30% so we gotta do some taxation.

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RE: Taxes - 4/16/2014 3:52:44 PM   
cloudboy


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By investing in the USA and not living in a state of constant war, our overall GDP would rise and the revenue gap would close. If I was to adjust taxes - I would increase capital gains taxes on those making over $1M (million) in capital gains. I would also increase the penalties for citizens hiding their money overseas.

A prudent way to cut health care costs might also be to introduce a provision that Medicare would not pay for any extraordinary procedures for patients 90 years of age or older. Medicare would only pay for hospice. Those over 90 would need to procure private insurance for extraordinary procedures.

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RE: Taxes - 4/16/2014 5:29:48 PM   
Phydeaux


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Means test social security. That would cut a few % off of social security.
Means test Medicare, Medicaid. Ie., if you have 2 mil in assets but only income in the 1000 a month range - doesn't matter no free medical care for you.
Eliminate block grants to states. Collecting money from the states to allow politicians to give money back to the states is just stupid.

Sell the post office. Only keep postal inspectors.
Sell the TVA. Off load debt.

Remove corporate welfare.
End all the farm subsidies.
End all energy subsidies.

End DoD cost Plus accounting.
Downsize the army 30%. Eliminate 1/3 of all officers over Major.
Do the military BRAC recommendations

Eliminate food stamps debit cards. Institute fraud control measure. Ditto for social security disability.

Increase taxes on lawyers and politicians to 70%
Mandatory retirment for athletes.
End the 501c3 for the NFL.

Cut the salaries of politicians.
End taxpayer subsidized junkets, including transportation to home districts.

End subsidies for hybrids.
End 20 year retirement for any government employee (state, local, or federal). Implement 401k.
Cut federal salaries 25%.

Require schools to have apprentice ship (ie scholarships) for students.
If schools offer scholarships to athletes, its for full rides.


For a start.

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RE: Taxes - 4/16/2014 7:29:16 PM   
thompsonx


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End 20 year retirement for any government employee (state, local, or federal). Implement 401k.
Cut federal salaries 25%.

Hmmm cut military pay by 25% and 20 years is not enough time to spend getting shot at for a pension? Perhaps we should also charge them for their ammo their weapon and their chow ?

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RE: Taxes - 4/16/2014 8:48:19 PM   
Phydeaux


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quote:

ORIGINAL: thompsonx

End 20 year retirement for any government employee (state, local, or federal). Implement 401k.
Cut federal salaries 25%.

Hmmm cut military pay by 25% and 20 years is not enough time to spend getting shot at for a pension? Perhaps we should also charge them for their ammo their weapon and their chow ?



Well, when I indicated cutting federal salaries, I actually intended civil service. Even there I would have carve outs.

To be more specific:

The first 24K is untouched, the rest is trimmed 1/3.

Exempt intelligence & law enforcement. Pretty much the rest goes. In the private sector no one has pensions. Whats good for the goose is good enough for the gander.

As for science, I would increase funding for basic research, however, one scientist would propose the idea - and then it would go up for reverse auction at NSF
Whoever bids lowest gets the grant.

Each grant submission published.

I would close NEA. Also EEOC. Merge dept of labor and commerce. Eliminate Dept of Education.

.
Every department would be required to downsize 10%.


< Message edited by Phydeaux -- 4/16/2014 8:49:02 PM >

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RE: Taxes - 4/16/2014 9:24:25 PM   
JeffBC


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quote:

ORIGINAL: cloudboy
Everyone filed their taxes or extensions by this past April 15, 2014. If you were able to reallocate US tax dollars in order to improve the general welfare of the nation, how would you do it? See the chart below and adjust your own percentages accordingly.

Gosh, I'd need to know the actual problem first and since that would mean getting actual numbers from the Federal Government about their actual doings and their actual spendings then we can rule it out. Anything else I did is just wishful thinking based on nothing but dreams. If it helps you any, in my dreams we spend a lot more money on feel good stuff like health care, education, safety-nets, etc. and we spend a lot less money on blowing people up.

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RE: Taxes - 4/16/2014 10:10:26 PM   
ForgetToRemember


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I think I would prefer to get at the root of the problems. To start, we should change the tax code. It has had over 100 years of loopholes added to it. I would like something along the lines of a flat tax, with deductions for children and charity donations. I would be completely fine with billionaires paying no federal taxes if they donated the would be tax money to charities (either in the US or other countries). There would have to be oversight still, but the IRS might be able to be more efficient and not cost as much. I don't think people with up to 150% of poverty level should pay any federal or state taxes (they DO still contribute through spending, taxes from social security and sales tax). Again, this is just a rough draft, but the point remains - we need to fix the tax code first and foremost.

Next, I would make government more efficient at every level possible. It will cost money and time initially, but is really an investment in the long term. Cut out money in politics if possible.

As for actual spending, I think we should be investing our money in ourselves. For example, it is in our own best interest that people do not get sick or stay in poverty (essentially losing people who could be paying taxes). We can invest in healthcare and helping people get out of poverty whenever possible (college, technical training are ideal). Promote job growth inside the US, instead of outsourcing or allowing business to get away with hiring illegal immigrants (lost taxes). I understand that it is necessary to have a Debt in order for our currency to actually matter, but we shouldn't have as much of a debt as we do.

I would support less spending overall on military equipment / contracts. Keep R&D because that is the most useful for the future and could also advance technology in other areas applicable to everyone.

Overall, our budget should be balanced or in surplus. I think reforming the tax code, cutting unnecessary (exorbitant profit contracts) military spending and investing in ourselves (providing more taxes over time) is the best way to do that.

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RE: Taxes - 4/16/2014 11:20:46 PM   
LookieNoNookie


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quote:

ORIGINAL: Phydeaux

Means test social security. That would cut a few % off of social security.

Unfair. If you paid in, you should get paid out. Better solution: Pay SSI on all income, not just earned income, and don't stop at 113 grand. If it was on all income (profits on sales of stock/property/etc.) and the limits were raised to at least a half million in income, the rates could fall from their current approx. 15% combined to under 9% combined while still increasing the "take" by easily 50%. What do people with under 250K income do with extra money? They spend it. That extra 6% (3% on each payer) would get in to the economy. Fast.

Then, every 2 years, raise the entry point by 6 months until the first check arrived at age 70. People live far longer than the average age of 61 when SSI was first proposed.


Means test Medicare, Medicaid. Ie., if you have 2 mil in assets but only income in the 1000 a month range - doesn't matter no free medical care for you.

Might need some fudging on that but it's essentially a good plan.

Eliminate block grants to states. Collecting money from the states to allow politicians to give money back to the states is just stupid.

Well said.

Sell the post office. Only keep postal inspectors. Why keep them?

Sell the TVA. Off load debt. Sell everything that can be handled better by private industry (including roads).

Remove corporate welfare.
End all the farm subsidies.
End all energy subsidies.

Yes/Yes/Yes


End DoD cost Plus accounting.

Hahahahahahahahahahaha....uh huh...agreed. (Nice gig if you can get it though).

Downsize the army 30%. Eliminate 1/3 of all officers over Major.

Well, first, find out if (without being in everyone else's shit) what we need, then fund accordingly AND....charge the Saudi's and others the REAL cost pf protecting their ports, and waterways.

Do the military BRAC recommendations

Eliminate food stamps debit cards. Institute fraud control measure. Ditto for social security disability.

Not so sure about 1 and 3 there....there are real needs out there, but item #2....absolutely and anyone who abuses the system...jail.

Increase taxes on lawyers and politicians to 70%

Increase taxes on all such that all citizens pay federal taxes, and regardless of source, tax all income at the same rate as any other income.

Mandatory retirment for athletes.

End the 501c3 for the NFL.

The tax breaks for the NFL are misleading. The NFL pays little to no taxes....because they pay out (to coaches and others) ungodly sums in income. All of which is taxed.

Cut the salaries of politicians.
End taxpayer subsidized junkets, including transportation to home districts.

End subsidies for hybrids.
End 20 year retirement for any government employee (state, local, or federal). Implement 401k.
Cut federal salaries 25%.

Require schools to have apprentice ship (ie scholarships) for students.
If schools offer scholarships to athletes, its for full rides.


For a start.


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RE: Taxes - 4/16/2014 11:28:12 PM   
LookieNoNookie


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quote:

ORIGINAL: Phydeaux

quote:

ORIGINAL: thompsonx

End 20 year retirement for any government employee (state, local, or federal). Implement 401k.
Cut federal salaries 25%.

Hmmm cut military pay by 25% and 20 years is not enough time to spend getting shot at for a pension? Perhaps we should also charge them for their ammo their weapon and their chow ?



Well, when I indicated cutting federal salaries, I actually intended civil service. Even there I would have carve outs.

To be more specific:

The first 24K is untouched, the rest is trimmed 1/3.

Exempt intelligence & law enforcement. Pretty much the rest goes. In the private sector no one has pensions. Whats good for the goose is good enough for the gander.

As for science, I would increase funding for basic research, however, one scientist would propose the idea - and then it would go up for reverse auction at NSF
Whoever bids lowest gets the grant.

Each grant submission published.

I would close NEA. Also EEOC. Merge dept of labor and commerce. Eliminate Dept of Education.

.
Every department would be required to downsize 10%.



Ron Paul, when asked "how would you handle the deficit?" (note: Not the debt) said "very simply...everyone gets the same amount of money every year that they got the year before until national income increases to a level where income and expenses equal each other....shouldn't take longer than 7 - 10 years. After that, those that lowered their costs in any 3 of the previous 5 years get an increase in their budgets by 1/2 their savings plus inflation. Those that didn't cut their budgets in 3 of the previous 5 years lose 5% of their budget plus inflation until they lower their proscribed budgets during 3 of the then previous 5 years".

Pretty simple.

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RE: Taxes - 4/17/2014 7:09:14 AM   
thompsonx


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quote:

ORIGINAL: Phydeaux

quote:

ORIGINAL: thompsonx

End 20 year retirement for any government employee (state, local, or federal). Implement 401k.
Cut federal salaries 25%.

Hmmm cut military pay by 25% and 20 years is not enough time to spend getting shot at for a pension? Perhaps we should also charge them for their ammo their weapon and their chow ?



Well, when I indicated cutting federal salaries, I actually intended civil service.

Then that is what you should have said.


Even there I would have carve outs.

But even then there are exceptions to your pets.

To be more specific:

The first 24K is untouched, the rest is trimmed 1/3.

Wouldn't that be essentially making the minimum wage for all govt employees about 12 dollars an hour?

Exempt intelligence & law enforcement.

Why?


Pretty much the rest goes.

Please be a bit more specific.

In the private sector no one has pensions.

This would be your ignorant unsubstantiated opinion. Until you can validate it it will remain ignorant unsubstantiated opinion.


As for science, I would increase funding for basic research, however, one scientist would propose the idea - and then it would go up for reverse auction at NSF
Whoever bids lowest gets the grant.

That would seem to guarantee the least productive results.



I would close NEA.

Why

Also EEOC.



Why?
Merge dept of labor and commerce.

Why?


Eliminate Dept of Education.

Why?

.
Every department would be required to downsize 10%.

Why?


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RE: Taxes - 4/17/2014 7:34:03 AM   
cloudboy


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I know we'd all like to be king, but the question is -- how would you allocate the proceeds of tax revenues as they are collected now. Ron raised the point of raising taxes, but changing the tax code is another question altogether.

Let us try to focus on the chart and where how and where would reapportion the existing funds. For instance, I did I that in post#3 as an example.

Phydeaux, Thompson, Jeff, Look, and Mnot all failed to give any percentages. In your reallocations - try to be somewhat realistic.

Leave taxes out of the question. Last year we all paid an existing rate under an existing system.

< Message edited by cloudboy -- 4/17/2014 7:41:10 AM >

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RE: Taxes - 4/17/2014 6:00:36 PM   
MercTech


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The federal government would save a lot of money if they actually paid their bills.

Common contract terms in business are Net30... you have 30 days to pay or penalties acrue.

Now, if you sell to the federal government, it is Net180, no penalties, and it often takes a year and a half to get paid.

Sooo, if you are selling goods to the federal government it has become practice to jack the price at least 50% higher to offset the loss of liquid capitol you have while the GSA considers paying you for the goods you have already delivered.

This fact also leads to so many of the minority owned business set asides and the small business set asides going to wholly owned subsidiaries of large corporations. Truly small businesses can often go bankrupt while waiting for Uncle Sugar to pay his bills.

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RE: Taxes - 4/17/2014 6:14:37 PM   
LookieNoNookie


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quote:

ORIGINAL: cloudboy

I know we'd all like to be king, but the question is -- how would you allocate the proceeds of tax revenues as they are collected now. Ron raised the point of raising taxes, but changing the tax code is another question altogether.

Let us try to focus on the chart and where how and where would reapportion the existing funds. For instance, I did I that in post#3 as an example.

Phydeaux, Thompson, Jeff, Look, and Mnot all failed to give any percentages. In your reallocations - try to be somewhat realistic.

Leave taxes out of the question. Last year we all paid an existing rate under an existing system.


I believe I said it above:

Ron Paul, when asked "how would you handle the deficit?" (note: Not the debt) said "very simply...everyone gets the same amount of money every year that they got the year before until national income increases to a level where income and expenses equal each other....shouldn't take longer than 7 - 10 years. After that, those that lowered their costs in any 3 of the previous 5 years get an increase in their budgets by 1/2 their savings plus inflation. Those that didn't cut their budgets in 3 of the previous 5 years lose 5% of their budget plus inflation until they lower their proscribed budgets during 3 of the then previous 5 years".

Pretty simple.


< Message edited by LookieNoNookie -- 4/17/2014 6:16:16 PM >

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RE: Taxes - 4/17/2014 7:25:55 PM   
Musicmystery


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Since multiple threads are devoted to insisting knives do the job as well as guns, I would eliminate firearms for the military and supply them with knives.

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RE: Taxes - 4/18/2014 4:18:11 PM   
LookieNoNookie


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quote:

ORIGINAL: Musicmystery

Since multiple threads are devoted to insisting knives do the job as well as guns, I would eliminate firearms for the military and supply them with knives.


I actually don't know what that means.

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RE: Taxes - 4/18/2014 5:22:04 PM   
Zonie63


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quote:

ORIGINAL: cloudboy

Everyone filed their taxes or extensions by this past April 15, 2014. If you were able to reallocate US tax dollars in order to improve the general welfare of the nation, how would you do it? See the chart below and adjust your own percentages accordingly.


I would probably want to see a break down of the actual outlays even further. When it says "24% on Medicare and Health," what does that actually mean? Does that mean most of the money actually goes to the patients and the practitioners who work directly with them? Or does it most of it go to "administrative costs"?

It might be more a matter of how the money is spent more than what it's actually spent on.

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