SDN Ideology

[Passion4Sci]

I love it.

"These deep pockets paid just 23% of the federal income tax."

The laws and regulations and therefore the loopholes (read: tax shelters) are created by the rich, for the rich. Until that changes, not much will probably change. This administration like basically every one before it has been bought and paid for time and time again. Lobbyists... lobbyists... lobbyists for the lobbyists and "special interest" groups.

That's a pretty saddening chart you have there Mikey. Time to buy gold.

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[MountainPharmD]

What is wrong with everyone paying thier fair share? If you earn a $100 a year or a 100 million everyone should pay a fair share of the taxes that keep this country running. The best idea I have have ever heard is for a flat tax. Everyone pays the same percentage of income no exceptions no excuses.

http://www.cato.org/pubs/policy_report/v29n4/cpr29n4-1.html

The Global Flat Tax Revolution
By Daniel J. Mitchell

Daniel J. Mitchell is a senior fellow at the Cato Institute and is currently writing a book on international tax competition.

In the early 1990s, Rep. Dick Armey (RTX) proposed a flat tax. He would have junked the Internal Revenue Code and replaced it with a system designed to raise revenue in a much less destructive fashion. The core principles were to tax income at one low rate, to eliminate double taxation of saving and investment, and to wipe out the special preferences, credits, exemptions, deductions, and other loopholes that caused complexity, distortions, and corruption.

The flat tax never made it through Congress, but it’s been adopted by more than a dozen other countries since 1994.

http://www.heritage.org/Research/Reports/2005/07/A-Brief-Guide-to-the-Flat-Tax

http://www.forbes.com/forbes/2005/1017/042.html

http://www.opinionjournal.com/extra/?id=110007139

 

[UArk2014]

What is wrong with everyone paying thier fair share? If you earn a $100 a year or a 100 million everyone should pay a fair share of the taxes that keep this country running. The best idea I have have ever heard is for a flat tax. Everyone pays the same percentage of income no exceptions no excuses.

http://www.cato.org/pubs/policy_report/v29n4/cpr29n4-1.html



http://www.heritage.org/Research/Reports/2005/07/A-Brief-Guide-to-the-Flat-Tax

http://www.forbes.com/forbes/2005/1017/042.html

http://www.opinionjournal.com/extra/?id=110007139

It's funny how you say "no exceptions, no excuses" then cite four articles which all rail against our complex tax code then spend 3/4 of the article backtracking on the "no excuses" part. Each proposal sets a different rebate line or base exemption level. Regardless, the concept amounts to nothing more than a massive tax hike on the middle class and a massive tax cut for the uber-wealthy. You can dress it up in a "fairness" skirt all you want, but that's what it is. "Fairness" is a term with heavy connotation based on perspective.
But you don't have to take my word for it:

"The subjects of every state ought to contribute toward the support of the government, as nearly as possible, in proportion to their respective abilities; that is, in proportion to the revenue which they respectively enjoy under the protection of the state ....[As Henry Home (Lord Kames) has written, a goal of taxation should be to] 'remedy inequality of riches as much as possible, by relieving the poor and burdening the rich.'"
Adam Smith (founder of capitalism)

"Another means of silently lessening the inequality of property is to exempt all from taxation below a certain point, and to tax the higher portions of property in geometrical progression as they rise" Thomas Jefferson

“If the overgrown wealth of an individual be deemed dangerous to the State, the best corrective is the law of equal inheritance to all in equal degree…”
Thomas Jefferson

"Every man holds his property subject to the general right of the community to regulate its use to whatever degree the public welfare may require it."
Theodore Roosevelt

Progressive taxation is fundamental to preventing financial tyranny.

 

[rphello]

You mean slashing taxes for the rich and fighting multiple wars isn't sound fiscal policy? You mean raising taxes a few percent for millionaires and billionaires, and continuing to fight multiple wars isn't sound fiscal policy? You mean a plutocracy is not a perfect system?

And still the middle class takes up for the plutocrats. To them, social mobility is real, and the millionaire dream is just hard work and a few years away.

 

[eeyore spice]

You mean slashing taxes for the rich and fighting multiple wars isn't sound fiscal policy? You mean raising taxes a few percent for millionaires and billionaires, and continuing to fight multiple wars isn't sound fiscal policy? You mean a plutocracy is not a perfect system?

Sure it is, just look at the U.S.'s booming economy!

And still the middle class takes up for the plutocrats. To them, social mobility is real, and the millionaire dream is just hard work and a few years away.

You know why Paris Hilton is so skinny? It's because she works her poor fingers to the bone, day in and day out to earn her fair share.

 

[rxlea]

You know why Paris Hilton is so skinny? It's because she works her poor fingers to the bone, day in and day out to earn her fair share.

 

[Chuck61686]

For those of you who believe in higher taxes:
Who remembers that program this past summer where the government used our tax dollars to help people buy new cars?

Apparently assisting people with buying new cars is more important than this 10-figure national debt.

 

[Old Timer]

For those of you who believe in higher taxes:
Who remembers that program this past summer where the government used our tax dollars to help people buy new cars?

Apparently assisting people with buying new cars is more important than this 10-figure national debt.

You can say that about anything you want. Look at how much money was wasted on the mortgage interest reduction. The 10 figure national debt is not a permanent thing and you know it.