Can Ted Cruz really make 10% flat tax for everyone work, without destroying the Economy?

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Raising the minimum wage is the opposite. Republicans want poverty wages + welfare for the working poor. Raising the minimum wage would disqualify people from government assistance programs and push the cost of employment onto actual employers instead of the taxpayer. Crazy I know...

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What happens when you raise minimum wage is that those who receive welfare will start working less hours in order to keep their income low enough to still qualify for welfare.
 
What happens when you raise minimum wage is that those who receive welfare will start working less hours in order to keep their income low enough to still qualify for welfare.
No they won't. They only do it now because why work full time for $400 a week when you can get $300 a week doing nothing? Crank it up to $6-700 a week and their lives will demonstrably improve by working.
 
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Raising the minimum wage is the opposite. Republicans want poverty wages + welfare for the working poor. Raising the minimum wage would disqualify people from government assistance programs and push the cost of employment onto actual employers instead of the taxpayer. Crazy I know...
Yes. People don't understand that right now all that "free stuff" is going to corporate bigwigs. As employees we complain about rich hospital beurocrats taking the money we made for the hospital. The same thing happens everywhere else except the wages are SO low that now the taxpayers are stuck with the bill. Lots of free money going to people sitting at desks doing little, sticking us with the bills to support their poorly paid employees.
 
You want radical? How's this for radical.

Raise tax on everyone to 50% (but set it as a 4-5 year stint), no new government spending, pay down the national debt. Everyone in the US will ahve to live frugally for a few years. Once the national debt is easily manageable, cut taxes with top bracket being 30%. No more loophole for big corporation or people hiding money in Cayman accounts.

Imagine if our national debt was less than 5 trillions. WE wouldn't be spending so much money paying interest on it. That money could go toward other things (military, social welfare, etc.) without spending more tax dollars. And we wouldn't have an economic collapse looming over our head from the national debt.

Why, hello there:

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No they won't. They only do it now because why work full time for $400 a week when you can get $300 a week doing nothing? Crank it up to $6-700 a week and their lives will demonstrably improve by working.

How about requiring able-bodied people do some meaningful labor in order to collect the 300 dollars a week? Unless they are paralyzed or profoundly disabled they should be able to pick up trash in a city park or clean windows at the dmv.

The problem with government programs is the insistence that its a "right" to have "equal" education, or healthcare, or housing to the working people. Medicaid covers many things WAY better (at almost zero cost to the patient) than the high deductible plans middle class folk are forced into now.


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No they won't. They only do it now because why work full time for $400 a week when you can get $300 a week doing nothing? Crank it up to $6-700 a week and their lives will demonstrably improve by working.

Sorry but it does happen. It just happened in WA. You underestimate the laziness that lives deep within human nature. I'm not talking about people who don't work now. I'm talking about those that work full time and still collect welfare. You know, the ones you keep mentioning. They will happily cut back to less than full time and continue to collect instead of earning more and lose their bennies.
 
How about requiring able-bodied people do some meaningful labor in order to collect the 300 dollars a week? Unless they are paralyzed or profoundly disabled they should be able to pick up trash in a city park or clean windows at the dmv.

The problem with government programs is the insistence that its a "right" to have "equal" education, or healthcare, or housing to the working people. Medicaid covers many things WAY better (at almost zero cost to the patient) than the high deductible plans middle class folk are forced into now.


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I don't argue that. They should have to work. The question is whether their finances are made compatible with life in America by paying them adequately up front vs supplementing their poverty wages with social programs.

I don't think that anyone argues that non-working people have a "right" to the same housing or education as working people. But if they DO work for $300 a week, they probably can't afford health care, child care, further education, etc... So they need social programs as support.
 
Sorry but it does happen. It just happened in WA. You underestimate the laziness that lives deep within human nature. I'm not talking about people who don't work now. I'm talking about those that work full time and still collect welfare. You know, the ones you keep mentioning. They will happily cut back to less than full time and continue to collect instead of earning more and lose their bennies.
Someone working full time that doesn't make enough to support their family shouldn't get welfare? If they don't get adequate wages up front then they have to get it in "welfare". What else should they do? I wish they'd get a second job, but they're not always available or possible.

What just happened in Washington? In Seattle, where I live, the wages will start to be gradually escalated eventually to $15 an hour. It went into effect April 1st, so there is no information about how it will work yet.
 
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Increasing minimum wages is just another form of inflation. It doesn't fix anything, long-term, except in the minds of the near-sighted masses.
 
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Raising the minimum wage is the opposite. Republicans want poverty wages + welfare for the working poor. Raising the minimum wage would disqualify people from government assistance programs and push the cost of employment onto actual employers instead of the taxpayer. Crazy I know...

You think Bernie is just about raising the minimum wage? Really? Bernie wants the taxpayer (read you and me) to foot the bill for a whole host of expensive programs that this nation can't afford. We are 19 trillion in debt but Bernie wants FREE STUFF for the average American:

1. Free College Education
2. Free Health Care (heavily subsidized Medicare for all )
3. Free Family Leave
4. Free Pensions (govt. will support pension funds)

This isn't about the $15 minimum wage which I would support for Adults over 25. Ages 16-25 would have a minimum wage of $8.50. It's items 1-4 which Bernie really wants if he becomes President. Those earning $250K can expect to pay an effective tax rate over 62% to support those social programs.

https://www.gov.uk/national-minimum-wage-rates
 
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The reason European states can pay for giant welfare programs is not because they just tax the rich more — it’s because they also scoop up a ton of middle class income. The reason why the United States can't right now is its long-standing political arrangement to keep taxes high on the rich so they can be low on the poor and middle.

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Willie Sutton was one of the most infamous bank robbers in American history. Over three decades, the dashing criminal robbed a hundred banks, escaped three prisons, and made off with millions. Today, he is best known for Sutton’s Law:Asked by a reporter why he robbed banks, Sutton allegedly quipped, “Because that’s where the money is.”

Sutton’s Law explains something unusual about Bernie Sander’s tax plan: it calls for massive tax hikes across the board. Why raise taxes on the middle class? Because that’s where the money is.

The problem all politicians face is that voters love to get stuff, but they hate to pay for it. The traditional solution that center-left politicians pitch is the idea that the poor and middle class will get the benefits, and the rich will pay for it.


http://www.zerohedge.com/news/2016-02-02/why-bernie-sanders-has-raise-taxes-middle-class
 
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@BLADEMDA are cap gains taxes really 28 percent in the US? I thought they were lower.
It depends on whether its long term/short term gains. I assume the 28% is an aggregate of all investment taxes. Long term (held for >1 year) is at 15%, and short term investments are at your tax bracket (which is 39.6% for most wealthy individuals/day traders).


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It depends on whether its long term/short term gains. I assume the 28% is an aggregate of all investment taxes. Long term (held for >1 year) is at 15%, and short term investments are at your tax bracket (which is 39.6% for most wealthy individuals/day traders).


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My long term is taxed at 20% in the USA while short term (less than 1 year) is taxed at 39.6% plus the ACA tax (Obamacare tax).

20% + 3.8%= 23.8%

39.6% + 3.8%= 43.4%
 
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Additional 3.8% Medicare tax on investment income collected by “rich” folks

Before Obamacare, investment income was not subject to any sort of Medicare tax.

After Obamacare, all or part of your net investment income, including long-term capital gains and dividends, can get socked with a 3.8% Medicare surtax (the so-called net investment income tax). Therefore, the maximum federal rate on long-term gains and qualified dividends is actually 23.8% (20% for the “regular” capital gains tax plus 3.8% for the net investment income tax) versus the advertised 20% maximum rate.

Fortunately, the 3.8% surtax will not hit you unless your adjusted gross income (AGI) exceeds: (1) $200,000 if you’re unmarried, (2) $250,000 if you’re a married joint-filer, or (3) $125,000 if you use married filing separate status.
 
My long term is taxed at 20% in the USA while short term (less than 1 year) is taxed at 39.6% plus the ACA tax (Obamacare tax).

20% + 3.8%= 23.8%

39.6% + 3.8%= 43.4%

When you retire and sell investments, you'll probably fall into a lower tax bracket.
 
Increasing minimum wages is just another form of inflation. It doesn't fix anything, long-term, except in the minds of the near-sighted masses.
Calling it inflationary is simplistic and incorrect. Never has been true. If businesses were maximally paying employees and HAD to raise prices it would be, but they maximize profits, not wages. Right now corporate profits are at an all time high. Henry Ford was right about the effect on corporations and the economy when employees are payed well.
 
Additional 3.8% Medicare tax on investment income collected by “rich” folks

Before Obamacare, investment income was not subject to any sort of Medicare tax.

After Obamacare, all or part of your net investment income, including long-term capital gains and dividends, can get socked with a 3.8% Medicare surtax (the so-called net investment income tax). Therefore, the maximum federal rate on long-term gains and qualified dividends is actually 23.8% (20% for the “regular” capital gains tax plus 3.8% for the net investment income tax) versus the advertised 20% maximum rate.

Fortunately, the 3.8% surtax will not hit you unless your adjusted gross income (AGI) exceeds: (1) $200,000 if you’re unmarried, (2) $250,000 if you’re a married joint-filer, or (3) $125,000 if you use married filing separate status.
Another example of marriage penalty.

It's almost funny that people are so obsessed about protecting the institution of marriage, and then they tax the crap out of it.
 
He can't do anything without support from congress and the senate.


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Absolutely true. He argues that he'll get things done because "things in Washington will be different when a million people" will be rallying in favor of his policies. He thinks congress will only feel pressure in FAVOR of his plans. He doesn't seem to realize that a million people will be rallying just as heartily for the other side.
 
Providing essentials like food, shelter, healthcare, and education to every citizen is about preserving human dignity and it should be a given in advanced societies where humans are valued and dignified regardless of their contribution to the society.
It's hypocritical to claim being advanced or civilized while we have people dying because they can't afford health care!

And how do you propose who should actually contribute? If everyone is guaranteed the food, shelter, health care, etc. what incentive is there to even work and provide those services?
 
And how do you propose who should actually contribute? If everyone is guaranteed the food, shelter, health care, etc. what incentive is there to even work and provide those services?
I'm pretty sure he means people who can't work or those who don't get paid enough. I've never heard anyone propose that people should have the option of not working and contributing just because they don't want to.
 
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And how do you propose who should actually contribute? If everyone is guaranteed the food, shelter, health care, etc. what incentive is there to even work and provide those services?
We are talking about basic food, basic shelter, basic healthcare etc. I am not a leftist, but I prefer not to feel like a predator when I drive by some poor unemployed veteran begging at an intersection. I would rather pay slightly higher taxes, as long as these people (and everybody else) can get some basic necessary services for free.

The way we have it today is absurd. Ex-junkies get half-million dollar liver transplants on the public dime, while working people go bankrupt paying their healthcare bills. We should all get exactly the same level of free healthcare. This need-based bull**** is about as socialist as China.
 
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We are talking about basic food, basic shelter, basic healthcare etc. I am not a leftist, but I prefer not to feel like a predator when I drive by some poor unemployed veteran begging at an intersection. I would rather pay slightly higher taxes, as long as these people can get some basic necessary services for free.

The way we have it today is absurd. Ex-junkies get half-million dollar liver transplants on the public dime, while working people go bankrupt paying their healthcare bills.

We agree here. I am a GOP member who supports helping the poor, the mentally ill and those truly in need. But, the current system is corrupt and takes advantage of the taxpayer.
 
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We agree here. I am a GOP member who supports helping the poor, the mentally ill and those truly in need. But, the current system is corrupt and takes advantage of the taxpayer.
I don't disagree, and I hope we can get better at people gaming the system. I just think we focus a lot on the lower end of people gaming the system. How many tens of thousands of scammers on welfare would we have to catch to equal the cost to taxpayers of one or two corporate scammers?
 
I don't disagree, and I hope we can get better at people gaming the system. I just think we focus a lot on the lower end of people gaming the system. How many tens of thousands of scammers on welfare would we have to catch to equal the cost to taxpayers of one or two corporate scammers?

Put the scammers in jail.
 
Put the scammers in jail.
Jail is not a deterrent for crime. Also, we tend to jail too many people, like a primitive society, instead of (re)educating them better.

The only people who belong in jails/prisons are career criminals, the lost causes. With the others, one has to understand what led to the crime, and eliminate those factors. It's the difference between treating the symptoms and the causes of a disease. All prisons do is create more career criminals; to survive in there, one has to become a worse human being, not a better one.

People should not be jailed for non-violent crimes. They should pay expensive fines, as a percentage of their income for the last 5-10 years. It would be a huge win-win for society. There are countries where even speeding tickets are based on the driver's income. A millionaire will not care about a $500 speeding ticket, but boy will that $100,000 hurt.

The reason we have so many prisons is because we have a private prison industry paying big bucks for lobbying, and brainwashing people into thinking that severe punishment reduces crime. That's why every speeding ticket is a misdemeanor in some redneck states.
 
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My long term is taxed at 20% in the USA while short term (less than 1 year) is taxed at 39.6% plus the ACA tax (Obamacare tax).

20% + 3.8%= 23.8%

39.6% + 3.8%= 43.4%
Add about 10% for state tax.
 
Absolutely true. He argues that he'll get things done because "things in Washington will be different when a million people" will be rallying in favor of his policies. He thinks congress will only feel pressure in FAVOR of his plans. He doesn't seem to realize that a million people will be rallying just as heartily for the other side.

Anyone seen Bern's 2014 filed tax paper work??
Effective rate 13.5% only 4% to charity. Owns 2 homes, recently sold a condo.
All under his wife's name
He is a fraud and I will never vote for a socialist hack like him.
I'd rather have Trump or Hillary over a lying tax thief.
 
The current money supply is 12.4 trillions of US dollars, the national debt is 13.4 trillions of dollars. Yes the national debt is larger than what exists in US dollars. Think about that... best Ponzi scheme ever.
 
Anyone seen Bern's 2014 filed tax paper work??
Effective rate 13.5% only 4% to charity. Owns 2 homes, recently sold a condo.
All under his wife's name
He is a fraud and I will never vote for a socialist hack like him.
I'd rather have Trump or Hillary over a lying tax thief.
Seriously?
His net worth is about 300k. His wife's business earned less than 5k last year. He owns a cheap rental property (he earns between 5-15k annually on it) in Vermont and and a house in DC with a 30 year mortgage of under 100k. He owes tens of thousands in credit card debt. 100% of the royalties from his book go to charity.

How is he a fraud?
 
Seriously?
His net worth is about 300k. His wife's business earned less than 5k last year. He owns a cheap rental property (he earns between 5-15k annually on it) in Vermont and and a house in DC with a 30 year mortgage of under 100k. He owes tens of thousands in credit card debt. 100% of the royalties from his book go to charity.

How is he a fraud?
He's the only decent human being running.

Though I wonder why the book royalties aren't paying off his credit cards first. Sure is nice to donate it, but that's pretty weird. From the way he lives and what he wants to do, he seems pretty comfortable with debt.
 
Seriously?
His net worth is about 300k. His wife's business earned less than 5k last year. He owns a cheap rental property (he earns between 5-15k annually on it) in Vermont and and a house in DC with a 30 year mortgage of under 100k. He owes tens of thousands in credit card debt. 100% of the royalties from his book go to charity.

How is he a fraud?

I don't know about you but I wouldn't want a president who owes tens of thousands of dollars in credit card debt. Kind of speaks poorly to his fiscal competency.
 
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I don't know about you but I wouldn't want a president who owes tens of thousands of dollars in credit card debt. Kind of speaks poorly to his fiscal competency.
I'm sure his policies alone speak to this
 
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