Please Excuse This Interruption of Your Gun Porn

Rana said:
This makes too much sense, our legislators can't understand things that make sense.
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I dont think that is the problem. If you simplify the tax code to the extent I have mentioned in the past, you eliminate a LOT of what the corporations/special interest groups lobby for in tax breaks/deductions/loopholes/subsidies. Which means less money lining the pockets of the idiots in DC.
 
Disillusioned said:
The only way to treat people the same, is to treat them the same. This is treating them differently and just calling it "justice".
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I am all for a flat tax where all income is treated the same and where everyone has the same standard deduction and that is it.

My point is that we do not have that currently. If cap gains is capped at 20% and ordinary income has a top bracket of 39%, then you are not treating everyone the same. You are saying those who derive income from capital gains are to be treated more favorably than those that derive the majority of income from earnings.
 
Thing1 said:
So you don't even believe in something as basic as a progressive tax system?
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I think that the simplest way to do something is the best. The liberals claim that all the loopholes are allowing "the rich" to get away without paying their "fair share"(though we disagree about what "fair" is) and their solution is to put more loopholes and bylaws into the plan?

There's an easy way around your inheritance plan, before death the person gives their accumulations to their inheritors with the agreement that the soon-to-be dead person gets the rights to those funds. A shared bank account if you will. Or they give to a charity run by their heir, or any number of strange and loopholish ways. If I can think of these, you can be sure lawyers and accountants will too. If you want to simplify the tax code, don't write more things into it.
 
Superfreak said:
I am all for a flat tax where all income is treated the same and where everyone has the same standard deduction and that is it.

My point is that we do not have that currently. If cap gains is capped at 20% and ordinary income has a top bracket of 39%, then you are not treating everyone the same. You are saying those who derive income from capital gains are to be treated more favorably than those that derive the majority of income from earnings.
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"earnings" is a nice loaded word that comes out when the left talks about wealthy v poor.

In any case It would probably be easier at this point to tear down the entire tax system and start over from stratch. There's too much baggage from 200+ years of fiddling with things. Start over, do a basic earnings tax based on when you make each year, then one based on land owned, then go from there. Do as few exemptions as possible and make it as simple as possible. Liberals talk about the good of the poor, but the poor are mostly uneducated, and do you know who loses when you get overly complicated? The uneducated who can't game the system as well.
 
The rich are way too powerful to scrap the code! All that is happening is a superficial cut here and there in there total take.
I'm not rich, but live on dividends. People like me and the ten percent that are richer can easily avoid any tax on increases in wealth!
 
Rana said:
Corporate profits up 117% under Obama.

117%...
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Of course. When companies keep the money they would have otherwise been paying their now ex-employees, profits are up. Payrolls have been gutted. That's usually what happens when overhead is cut drastically.
 
Threedee said:
We can sit here and talk about reforming public education all we want. It is never going to improve. It is never going to be anywhere close to what a good private prep school has to offer, and generally all other private schools as well. It has nothing to do with the teachers, administration, or even budget shortfalls, and everything to do with the children we are producing and raising. The gap is going to continue to grow as a consequence.
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translates into Browner children are not as good as whiter children
 
Dungheap said:
If increasing inequality is a concern, I don't see how making it more difficult for children of lower income families to attend college makes anything better. Yes, increased access to college (through subsidies) creates increased demand and increased costs, but the alternative is to basically make college not possible for children of lower income parents.
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Which in turn means the VAST majority of Human talent in the country gets sidelined
 
Superfreak said:
I would prefer not, but to not have it, you have to increase elsewhere.... such as cap gains taxation

I think that is ultimately a better way. But if they are going to get massive breaks on cap gains their entire lives, then I do not have a problem with an estate tax (though I would personally cap it around 30%)
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If your kid cant make it by being left a couple of million tax free then no amount of money will be enough.

BTW they still can be left more than that couple of million its just they will now pay taxes on it.


Why ANYONE is against inheritant tax is beyond stupid
 
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bravo said:
It doesn't matter WHO gets hit.....it's unethical and morally repugnant and thats the point.

Suppose it hit only the people of Irish descent or Jewish descent or even African descent.....its wrong because its wrong, and not 'acceptable' because it hits
only those you hate and especially that it doesn't hit YOU.


If the tax covered only money or capital gains that have never been taxed in the past, you might have an ethical case for taxing that portion ....


And the 'founding fathers' have nothing to do with the estate tax.....they certainly passed their wealth onto their heirs without a tax.
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It is equally inforced you fool.


If you want to leave millions tax free to your child you can.


That is an amazing thing to be able to gift your child tax free enough money to NEVER have to work a day in their lives.


Now what do you think of the Gift taxes for giving to your kids while your alive?


how do they rate in your mind.

they are the same damned thing
 
Disillusioned said:
"earnings" is a nice loaded word that comes out when the left talks about wealthy v poor.
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No, it has always been used to describe what a person earns via a job. Capital gains/dividends are used to describe what a person makes via investments.

In any case It would probably be easier at this point to tear down the entire tax system and start over from stratch. There's too much baggage from 200+ years of fiddling with things. Start over, do a basic earnings tax based on when you make each year, then one based on land owned, then go from there. Do as few exemptions as possible and make it as simple as possible. Liberals talk about the good of the poor, but the poor are mostly uneducated, and do you know who loses when you get overly complicated? The uneducated who can't game the system as well.
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So you agree with what I stated, but you are going to restate it in different words?
 
evince said:
If your kid cant make it by being left a could of million tax free then no amount of money will be enough.

BTW they still can be left more than that coupld of million its just they will now pay taxes on it.

Why ANYONE is against inheritant tax is beyond stupid
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When you figure out what you are trying to say, get a dictionary, look up the necessary words and then retype it so those of us without the Desh decoder rings can get your message.
 
evince said:
If your kid cant make it by being left a couple of million tax free then no amount of money will be enough.

BTW they still can be left more than that couple of million its just they will now pay taxes on it.


Why ANYONE is against inheritant tax is beyond stupid
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sorry for the typos , I fixed them
 
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