I agreed with Michelle Bachmann!

Onceler

New member
Had to share. She was on with Anderson Cooper; I just caught the end. I saw that she was on, and my instant thought was "oh boy; here's a nutter. I wonder what kind of nutter thing she is going to say." And that wasn't just a knee-jerk, because she is a nutter, and she generally says nutter things.

But she was talking about taxes, and darned if she wasn't right. We really are taxed way too much; and this isn't Obama's fault, or any current politician's. We just always have been. What some don't realize is that it takes awhile, for most people, and a lot of work, to get to a point where they are earning what could be called a "decent" or "comfortable" living.

But when they get to that point, the paycheck they get - that first week, when they have passed the imaginary threshold that they always held in their mind - is a shocker. When you get to a certain point, your net is half your gross, basically. It's ridiculous.

So, she was right. We're taxed way too much. It's a bummer, because most Democrats don't talk about lowering taxes, and most Republicans ONLY talk about taxes, so they miss out on the other issues. And they basically give it lip service, because even with Bush's "big" tax cuts, most over $50K in income were still paying way too much.

I don't know what the answer is, because I think the right is bananas, and don't trust them with our gov't. I was very encouraged when Clinton talked about a smaller, smarter gov't, and Gore did the whole "reinventing gov't" project. I had political ideals I agreed with, that seemed to "get it" as far as the tax question was concerned; or at least, it was headed in the right direction.

That was lost very quickly; now, no one seems to get the whole picture. It's reduced to the extremes.
 
most people agree with most of the tea party's beef's.

Adopt pot decrim at least, and rounounce racism firmly and this mutha fucker takes off.
 
FLAT TAX. We need to get the TEA party on the flat tax bandwagon, get someone really smart and lucid to explain it to the american people and the idea will take off. There will be no more government taking too much out in taxes, there will be no need for mad rushes to file by midnight. Don't tax the first 30 or 35K then 17% after that. It is the fairest way to tax people. We would reduce the cost of doing business by all the IRS employees we wouldn't need.
 
FLAT TAX. We need to get the TEA party on the flat tax bandwagon, get someone really smart and lucid to explain it to the american people and the idea will take off. There will be no more government taking too much out in taxes, there will be no need for mad rushes to file by midnight. Don't tax the first 30 or 35K then 17% after that. It is the fairest way to tax people. We would reduce the cost of doing business by all the IRS employees we wouldn't need.

Flat tax is too regressive, the disparity in wealth is so great that the wealthy can't possible spend proportional to the wealth they take from the system, at least, not at the retail level(wink wink, shmucks pay retail).

on edit: oh, so you didn't SAY consumtion tax. well f off, you meant that.
 
Flat tax is too regressive, the disparity in wealth is so great that the wealthy can't possible spend proportional to the wealth they take from the system, at least, not at the retail level(wink wink, shmucks pay retail).

on edit: oh, so you didn't SAY consumtion tax. well f off, you meant that.
Flat tax is not regressive if you give a standard deduction...

Say, you don't tax the first $50,000. The flat tax set at 25%.

A person who makes 45K per year pays nothing at all.
A person who makes $60,000 per year pays 25% on 10,000 which is an effective rate of 4.1%.
A person who makes $100,000 per year pays 25% on 50,000 which is an effective rate of 12.5%
A person who makes $200,000 per year pays 25% on 150,000 which is an effective rate of 18.75%
A person who makes $1,000,000 per year pays 25% on 950,000 which is an effective rate of 23.75%

So forth...

It isn't regressive.
 
Flat tax is too regressive, the disparity in wealth is so great that the wealthy can't possible spend proportional to the wealth they take from the system, at least, not at the retail level(wink wink, shmucks pay retail).

on edit: oh, so you didn't SAY consumtion tax. well f off, you meant that.

1) a Flat tax by nature CANNOT be REGRESSIVE. It taxes EVERYTHING at the SAME rate.

2) If you add in a standard deduction, it becomes PROGRESSIVE. Unlike our current system which is REGRESSIVE due to all the loopholes and deductions the wealthy have obtained thanks to their bribing (I mean lobbying) Congress.
 
I know I have posted this numerous times... but for Asshat I wanted to show how it becomes progressive....

Start with a standard deduction of $30k (adjusted for inflation annually) for each adult and then tax every dollar over that $30k at 20%. This is simple, easy to understand, fair and progressive. It protects the low-income individuals and couples from paying federal income taxes. It provides the middle-income families a lower effective tax rate than the wealthy. This plan would encompass ALL income, including earned income, capital gains and dividend income.

A person making $30k pays an effective rate of 0%.

A person making $50k pays an effective rate of 8%.

A person making $100k pays an effective rate of 14%.

A person making $200k pays en effective rate of 17%.

A person making $1mm pays an effective rate of 19.4%

Everyone has the same deduction and takes it. Which causes the effective tax rate to increase the more you make.

To reduce the national debt I would propose we add an additional temporary bracket to the flat tax. Every dollar over $1 million (again adjusted for inflation annually) would be taxed at 30% rather than 20%. The additional 10% would be mandated to pay down the debt.

It is our responsibility to pay our own way and not dump trillions of dollars of debt on future generations. We need to begin electing leaders that are fiscally responsible. The future of our nation depends upon it. We are our own worst enemy. It will be our ever-increasing debt that leads to our demise. We must act now.
 
Bachman at least votes the right way so I can look past her goofyness. She voted no to TARP, Stimulus, Car Bailouts and every other shitty debt increasing Keynesian nonsense that has been put out there. Kudos to her...
 
MJ legalization has near zero probability and thus non issue

really you better watch prop 19 in cali cause over 50% support legalization.

Also you should die for that comment. LOL


And what's up with ya'll wanting to tax rape those making over a buck 50?:321:
 
I know I have posted this numerous times... but for Asshat I wanted to show how it becomes progressive....

Start with a standard deduction of $30k (adjusted for inflation annually) for each adult and then tax every dollar over that $30k at 20%. This is simple, easy to understand, fair and progressive. It protects the low-income individuals and couples from paying federal income taxes. It provides the middle-income families a lower effective tax rate than the wealthy. This plan would encompass ALL income, including earned income, capital gains and dividend income.

A person making $30k pays an effective rate of 0%.

A person making $50k pays an effective rate of 8%.

A person making $100k pays an effective rate of 14%.

A person making $200k pays en effective rate of 17%.

A person making $1mm pays an effective rate of 19.4%

Everyone has the same deduction and takes it. Which causes the effective tax rate to increase the more you make.

To reduce the national debt I would propose we add an additional temporary bracket to the flat tax. Every dollar over $1 million (again adjusted for inflation annually) would be taxed at 30% rather than 20%. The additional 10% would be mandated to pay down the debt.

It is our responsibility to pay our own way and not dump trillions of dollars of debt on future generations. We need to begin electing leaders that are fiscally responsible. The future of our nation depends upon it. We are our own worst enemy. It will be our ever-increasing debt that leads to our demise. We must act now.

"This plan would encompass ALL income, including earned income, capital gains and dividend income."

I agree with the solution if "ALL" means money received from ANY source.
 
My guess is the only way they add a flat tax is in conjunction with a consumption tax.

That would be a bad idea in my opinion. The consumption tax would take things back to the overly complicated status that we already have with our current tax code. Businesses would lobby to have THEIR products and services be a part of the 'necessity' items that a consumption tax would exclude (in order to protect the lower income and lower middle income families).
 
My guess is the only way they add a flat tax is in conjunction with a consumption tax.

That's why the FAIR tax is a better idea, in my opinion. It completely eliminates any taxation of INCOME and only taxes consumption. I know the anti-capitalists will have a problem with this, but think about the amount of industry and business will be attracted to America, where there would be no "corporate tax" to pay? We'd have jobs coming out our ass in about a month!
 
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