Tax analysis upcoming

[Guest]

[url]http://www.msnbc.msn.com/id/27466667/[/url]

[Guest]

Here is all you need to know about taxes in this country.

"The top 0.1% of taxpayers by income pay 17.4% of federal income taxes (earning 9.1% of the income), the top 1% with gross income of $328,049 or more pay 36.9% (earning 19%), the top 5% with gross income of $137,056 or more pay 57.1% (earning 33.4%), and the bottom 50% with gross income of $30,122 or less pay 3.3% (earning 13.4%)."

It's a shitty system and punishes the achievers in this country. I don't mind paying taxes, my fair share that is. This is why I'd prefer a sales based tax system, or flat tax (i.e. everyone pays 10% of their income no deductions or any of that bullshit).

Take a look at your paychecks, and you'll see that your largest living expense are TAXES, no food, gas, rent, or condoms...taxes.

[Guest]

Warren Buffet has gone on record as saying he pays less in taxes as a percentage of his income than his secretary does.
We need to fix that...pronto!!

[Guest]

You are right on it El Fenix. It's because he is in that business owner/ investor type of category. They pay less percentage tax than employees or self-employees. Not to mention, business owners and investors have lots loopholes that allow them to evade their taxes. Evading tax and Avoiding tax is two different thang. By doing this, rich people have more tax advantages than employees who get taxed even before they get their pay check. Oh and lobbyists work in favor to riches. That is one of the reason why automobile companies can't produce like Dell. Those middlemen wanted their money so they were against the idea of building a customized cars for Americans like Dell does with their computer. :) --- they wanted share of their money. Fuck lobbyists. They should burn in hell lol lol. (It would be better for automobile companies to produce like this because they don't have to over produce and put them into stock. It would cost them car stocking fees (like.. rents you need spaces for cars), stock building security fees (cars need to be secured! surprised?), and such. It will be much more efficient and cheaper)

If cars were produced like Dell, it would be much cheaper and they would be the way I like it! mmm good!

[Guest]

I don't see how some smart person doesn't just run the numbers on a flat tax. It makes perfect sense. Just tax whatever everyone buys it is so simple. The people who make more spend more so therefore they pay more.

Plus one thing no one ever considers is illegals and tourists. If we had a tax say an extra 5% on whatever you buy that would generate so much money. I don't know the exact % needed but it wouldn't be anything crazy. Bam now illegals are forced to pay their share as well. That is billion upon billions of dollars generated all the sudden.

Seems like some mathmeticians could figure this equation out very easy and we would quickly realize a flat tax is the way to go.

The reason it doesn't go is because the government wants to have control. Wait I mean the Democrats want to control us. A flat tax doesn't allow them to control us quite as much.

Ohh and if you don't like that a self-employed guy might pay less in tax you should figure out how to be self-employed.

BR's stats paint the perfect picture.

[Guest]

Sleek your example regarding automobile producers and Dell isn't very good. The reason automobile producers aren't as efficient as Dell is because they have legacy costs and bullshit unions to deal with...

Unions destroy value, not create it. Don't believe me? The three worst industries in the U.S. are dominated by unions: autos, airlines, and education. Why is each piss poor? Because they have to deal with the bullshit socialistic leanings of unions. It's sad, really fucking sad.

Sleek, I OWN a couple of small businesses and these tax loopholes you speak of aren't as beneficial as you make them out to be. To be sure, there is a difference between on taxing on income and taxing on capital. One of my businesses pays very little income tax but throws off huge cash flow to me and my partners. But, you need to understand that EVENTUALLY the government will get theirs, they always do. I get cash today, but for everyone dollar I get I've also got a proportionate level of tax liability.

The Warren Buffett example isn't good either because it's probably not true OR he's splitting hairs. What does that mean? For the income he realizes, there is NO WAY that he doesn't pay a disproportionate level of tax than someone making less money than he. NO WAY. The tax code simply won't allow it. HOWEVER, for the wealth he creates and doesn't realize then his statement is probably correct. What you MAKE and what you TAKE HOME are way two different things.

Why do we punish the rich in this country? I'll never understand this. Is this the price they have to pay in order to realize the American Dream? Shit, according to Obama/Biden I'm ALMOST considered rich...ALMOST. But, after I pay taxes (more like have my money stolen), pay my house payment, pay my school loan debt, pay higher prices than necessary (because of the corporate tax which is passed on to me as a consumer). After all of this, I have suprisingly little leftover. I worked hard to get to the place I am, when can I enjoy the fruits of MY labor? When it's conveinent for others? When I help someone else achieve? When?

PC is right. A national sales tax is the way to go. It would be less, it would be fair. Sure, sure black markets would crop up but that's fine with me because I'll figure out a way to run one...thus making some nice cash on the side.

Taxing the 'rich' and redistributing it to the 'poor' only creates entitlements. It only reinforces to the 'poor' that they don't have to do a single thing to improve their lot in life, big brother will take care of you. This idea is un-American. The Dream is that we all have a chance, sure some have to work harder than others, some have bigger obstacles to overcome, but we all have a good chance to move up the ladder of wealth.

Finally, why would you ever want to burden the people that hire you with heavier taxes? Barrack Hussein Obama say he wants to build the economy from the bottom up. This isn't possible. Since when has a poor man ever hired anyone? Small businesses, the rich, risk-takers, these are the employers in this country. We shouldn't be punishing them, we should be thanking them for making the engine of our economy roar.

PC. I'm not a fan of Republicians or Democrats. Both want control. I'm a Conservative on virtually every issue, not all but close. I say we go back to abiding by the goddamn Constitution.

Oh where or where is the next Reagan?

[Guest]

we need a Ron Paul wrapped in a better presentation package.

[Guest]

[quote1225553104=TopDog]
we need a Ron Paul wrapped in a better presentation package.
[/quote1225553104]


Agreed.

[Guest]

O

[Guest]

O