OT Taxes My Proposed Taxes Fairness Bill of 2012
Someone from the Tea Party please take this and make it happen
(Yeah it's useless to complain about death or taxes, thanks for letting me rant) Mark TAX FAIRNESS ACT of 2012 The tax fairness act prevents the federal, state or local governments from imposing multiple taxes on the same monies. For example, a taxpayer should not have to pay taxes to the Federal government on a dollars that are paid to the state or local governments. This example is already true, state and local taxes ARE deductible from Federal income taxes. This bill extends this to all levels of government and all forms of taxation. 1) Federal income taxes must not be levied on the following: States Income tax payments Local income tax payments Real Estate and school tax payments Sales tax payments Charges by municipalities for water sewer garbage collection or other fees Fees for using roads and bridges i.e. tolls Fees paid to park on a public street 2) State income taxes must not be levied on the following: Federal Income tax payments Local income tax payments Real Estate and school tax payments Sales tax payments Charges by municipalities for water sewer garbage collection or other fees Fees for using roads and bridges i.e. tolls Fees paid to park on a public street 3) Local income taxes must not be levied on the following: Federal Income tax payments State income tax payments Sales tax payments Fees for using roads and bridges i.e. tolls Fees paid to park on a public street |
OT Taxes My Proposed Taxes Fairness Bill of 2012
Seems Mark wants to pay less in taxes. Admirable.
However, you would first have to set priorities where the diverse governments would cut their expenditures. Without doing that you can't cut taxes. So far NO ONE in or outside of Congress or government has set anything like a useful baseline for discussions, except perhaps the failed gang of six plan that (irresponsibly) was canned by both left and right. If you want more deductions from federal taxes for taxes paid to other levels of government, or vice versa, you would have to raise rates to keep tax receipts at an "appropriate" level. Appropriate is of course a laughable term here. -- Best regards Han email address is invalid |
OT Taxes My Proposed Taxes Fairness Bill of 2012
"MarkK" writes:
Someone from the Tea Party please take this and make it happen .... The tax fairness act prevents the federal, state or local governments from imposing multiple taxes on the same monies. For example, a taxpayer should not have to pay taxes to the Federal government on a dollars that are paid to the state or local governments. This example is already true, state and local taxes ARE deductible from Federal income taxes. This bill extends this to all levels of government and all forms of taxation. Is this a deficit reducing idea or are you just trying to add insane amounts of complexity to the tax code and make the deficit that much worse? How will this help others with their home repair projects? -- Dan Espen |
OT Taxes My Proposed Taxes Fairness Bill of 2012
Dan Espen wrote in :
"MarkK" writes: Someone from the Tea Party please take this and make it happen ... The tax fairness act prevents the federal, state or local governments from imposing multiple taxes on the same monies. For example, a taxpayer should not have to pay taxes to the Federal government on a dollars that are paid to the state or local governments. This example is already true, state and local taxes ARE deductible from Federal income taxes. This bill extends this to all levels of government and all forms of taxation. Is this a deficit reducing idea or are you just trying to add insane amounts of complexity to the tax code and make the deficit that much worse? It's time to just dump the income tax altogether. Repeal the 16th Amendment, and institute a sales tax instead. |
OT Taxes My Proposed Taxes Fairness Bill of 2012
Doug Miller writes:
Dan Espen wrote in : "MarkK" writes: Someone from the Tea Party please take this and make it happen ... The tax fairness act prevents the federal, state or local governments from imposing multiple taxes on the same monies. For example, a taxpayer should not have to pay taxes to the Federal government on a dollars that are paid to the state or local governments. This example is already true, state and local taxes ARE deductible from Federal income taxes. This bill extends this to all levels of government and all forms of taxation. Is this a deficit reducing idea or are you just trying to add insane amounts of complexity to the tax code and make the deficit that much worse? It's time to just dump the income tax altogether. Repeal the 16th Amendment, and institute a sales tax instead. And this advanced economic theory is based on what? And what is it supposed to accomplish? Sorry Doug, but the recent trend in American thinking to just say everything is screwed up and we have to change things rubs me the wrong way. Sounds like a perfect prescription for making things much, much worse. -- Dan Espen |
OT Taxes My Proposed Taxes Fairness Bill of 2012
On Sun, 15 Apr 2012 18:15:36 +0000 (UTC), Doug Miller
wrote: Dan Espen wrote in : "MarkK" writes: Someone from the Tea Party please take this and make it happen ... The tax fairness act prevents the federal, state or local governments from imposing multiple taxes on the same monies. For example, a taxpayer should not have to pay taxes to the Federal government on a dollars that are paid to the state or local governments. This example is already true, state and local taxes ARE deductible from Federal income taxes. This bill extends this to all levels of government and all forms of taxation. Is this a deficit reducing idea or are you just trying to add insane amounts of complexity to the tax code and make the deficit that much worse? It's time to just dump the income tax altogether. Repeal the 16th Amendment, and institute a sales tax instead. It will never happen. Best is a flat income tax or even something like Cain's 9-9-9. At least there is a way of getting there from here. |
OT Taxes My Proposed Taxes Fairness Bill of 2012
MarkK wrote:
Someone from the Tea Party please take this and make it happen (Yeah it's useless to complain about death or taxes, thanks for letting me rant) Good idea. In that vein, I'd like to repeat my "Flat-Flat Tax" idea. Assuming, in round numbers, the federal government needs $3.5 trillion. Assuming, again in round numbers, there are 350 million people in the U.S., then each person should pay $10,000 and that's the end of it. Think of the simplicity! "But," you might say, "what about the person who doesn't HAVE ten thousand dollars?" They could donate one unit of blood plasma per month for which the government would credit $1,000 per unit (I call this the Federal Withdrawing Plan). In ten months each person could eliminate his or her liability. "But, but, but..." you might complain, "what about the 18-year old mother of four precious snowflakes? She would be responsible for $50,000/year. Are you suggesting we draw blood from infants and toddlers?" Of course not. That would be absurd, not to mention cruel. It's true that mom is on the hook for fifty large, and we certainly can't expect her to provide five units of blood plasma per month. But what she could do is contribute a kidney. A kidney could replace a dialysis machine and is easily worth $250,000. One kidney would pay up her tax bill for FIVE YEARS! "And at the end of five years, what would you do? Take her OTHER kidney?" Absolutely not. That would be silly. She can't function without a kidney!. What she COULD do, is contribute a cornea. Assuming a cornea is roughly the same value as a kidney, she'd have her tax liability controled for ANOTHER five years. These two marketable items, coupled with the aforementioned blood platelets, would totally solve her tax problem for twelve, thirteen, or more years. By then, her children would be out on their own (or in jail), and she could go back to being a single taxpayer. Now I know the above is not a COMPLETE solution, we may have to make exceptions for members of the military or those in necessary professions, like members of Congress. I'm sure there will be tweaks. But it's a starting point. |
OT Taxes My Proposed Taxes Fairness Bill of 2012
Doug Miller wrote:
Dan Espen wrote in : "MarkK" writes: Someone from the Tea Party please take this and make it happen ... The tax fairness act prevents the federal, state or local governments from imposing multiple taxes on the same monies. For example, a taxpayer should not have to pay taxes to the Federal government on a dollars that are paid to the state or local governments. This example is already true, state and local taxes ARE deductible from Federal income taxes. This bill extends this to all levels of government and all forms of taxation. Is this a deficit reducing idea or are you just trying to add insane amounts of complexity to the tax code and make the deficit that much worse? It's time to just dump the income tax altogether. Repeal the 16th Amendment, and institute a sales tax instead. Right. Move the tax burden over to the working class, and give the poor starving billionaires a break. |
OT Taxes My Proposed Taxes Fairness Bill of 2012
HeyBub wrote:
MarkK wrote: Someone from the Tea Party please take this and make it happen (Yeah it's useless to complain about death or taxes, thanks for letting me rant) Good idea. In that vein, I'd like to repeat my "Flat-Flat Tax" idea. Assuming, in round numbers, the federal government needs $3.5 trillion. Assuming, again in round numbers, there are 350 million people in the U.S., then each person should pay $10,000 and that's the end of it. Think of the simplicity! "But," you might say, "what about the person who doesn't HAVE ten thousand dollars?" They could donate one unit of blood plasma per month for which the government would credit $1,000 per unit (I call this the Federal Withdrawing Plan). In ten months each person could eliminate his or her liability. "But, but, but..." you might complain, "what about the 18-year old mother of four precious snowflakes? She would be responsible for $50,000/year. Are you suggesting we draw blood from infants and toddlers?" Of course not. That would be absurd, not to mention cruel. It's true that mom is on the hook for fifty large, and we certainly can't expect her to provide five units of blood plasma per month. But what she could do is contribute a kidney. A kidney could replace a dialysis machine and is easily worth $250,000. One kidney would pay up her tax bill for FIVE YEARS! "And at the end of five years, what would you do? Take her OTHER kidney?" Absolutely not. That would be silly. She can't function without a kidney!. What she COULD do, is contribute a cornea. Assuming a cornea is roughly the same value as a kidney, she'd have her tax liability controled for ANOTHER five years. These two marketable items, coupled with the aforementioned blood platelets, would totally solve her tax problem for twelve, thirteen, or more years. By then, her children would be out on their own (or in jail), and she could go back to being a single taxpayer. Now I know the above is not a COMPLETE solution, we may have to make exceptions for members of the military or those in necessary professions, like members of Congress. I'm sure there will be tweaks. But it's a starting point. Sounds like "good" Republicon thinking. That's certainly the direction they're taking us. |
OT Taxes My Proposed Taxes Fairness Bill of 2012
"Bob F" writes:
HeyBub wrote: MarkK wrote: Someone from the Tea Party please take this and make it happen .... Now I know the above is not a COMPLETE solution, we may have to make exceptions for members of the military or those in necessary professions, like members of Congress. I'm sure there will be tweaks. But it's a starting point. Sounds like "good" Republicon thinking. That's certainly the direction they're taking us. Every single one of these plans has "unspecified offsets" (don't worry, everything will be okay, just vote for me). Someone will be along shortly to explain this to you. -- Dan Espen |
OT Taxes My Proposed Taxes Fairness Bill of 2012
"Bob F" wrote in :
Doug Miller wrote: Dan Espen wrote in : "MarkK" writes: Someone from the Tea Party please take this and make it happen ... The tax fairness act prevents the federal, state or local governments from imposing multiple taxes on the same monies. For example, a taxpayer should not have to pay taxes to the Federal government on a dollars that are paid to the state or local governments. This example is already true, state and local taxes ARE deductible from Federal income taxes. This bill extends this to all levels of government and all forms of taxation. Is this a deficit reducing idea or are you just trying to add insane amounts of complexity to the tax code and make the deficit that much worse? It's time to just dump the income tax altogether. Repeal the 16th Amendment, and institute a sales tax instead. Right. Move the tax burden over to the working class, and give the poor starving billionaires a break. Ummmm.... no, actually it would have exactly the opposite effect. Think it through: who spends more, the rich or the poor? |
OT Taxes My Proposed Taxes Fairness Bill of 2012
In the case of the over taxed people of the US.
Tax cuts lead to prosperity, and growth. Reduces the stifling effect of over taxation. Christopher A. Young Learn more about Jesus www.lds.org .. "Dan Espen" wrote in message ... Sounds like "good" Republicon thinking. That's certainly the direction they're taking us. Every single one of these plans has "unspecified offsets" (don't worry, everything will be okay, just vote for me). Someone will be along shortly to explain this to you. -- Dan Espen |
OT Taxes My Proposed Taxes Fairness Bill of 2012
Doug Miller writes:
"Bob F" wrote in : Doug Miller wrote: Dan Espen wrote in : "MarkK" writes: Someone from the Tea Party please take this and make it happen ... The tax fairness act prevents the federal, state or local governments from imposing multiple taxes on the same monies. For example, a taxpayer should not have to pay taxes to the Federal government on a dollars that are paid to the state or local governments. This example is already true, state and local taxes ARE deductible from Federal income taxes. This bill extends this to all levels of government and all forms of taxation. Is this a deficit reducing idea or are you just trying to add insane amounts of complexity to the tax code and make the deficit that much worse? It's time to just dump the income tax altogether. Repeal the 16th Amendment, and institute a sales tax instead. Right. Move the tax burden over to the working class, and give the poor starving billionaires a break. Ummmm.... no, actually it would have exactly the opposite effect. Think it through: who spends more, the rich or the poor? Ummmm, yes. This is basic tax theory, I shouldn't have to explain it. Current income taxes are on a graduated scale. The more you make, the more you pay as a percentage. With a sales tax that percentage difference goes away. Everyone pays the same rate. Big benefit number 1 to the rich. Add to that, the poor are likely to spend 100% of their income. The rich are likely to save a good percentage of their income, thereby deferring any sales tax paid. -- Dan Espen |
OT Taxes My Proposed Taxes Fairness Bill of 2012
In article , Dan Espen
wrote: Ummmm, yes. This is basic tax theory, I shouldn't have to explain it. Current income taxes are on a graduated scale. The more you make, the more you pay as a percentage. With a sales tax that percentage difference goes away. Everyone pays the same rate. Big benefit number 1 to the rich. Depends on how it is structured, although that causes additional problems of its own. For instance most state sales taxes don't include most food, housing, health care, etc. This addresses these issues to a certain extent. -- People thought cybersex was a safe alternative, until patients started presenting with sexually acquired carpal tunnel syndrome.-Howard Berkowitz |
OT Taxes My Proposed Taxes Fairness Bill of 2012
With a flat tax, I suspect there will be more economic activity. And the
rich folks will do more spending. So, the increased number of transactions will make up for the lack of percentage points. Christopher A. Young Learn more about Jesus www.lds.org .. "Dan Espen" wrote in message ... Ummmm, yes. This is basic tax theory, I shouldn't have to explain it. Current income taxes are on a graduated scale. The more you make, the more you pay as a percentage. With a sales tax that percentage difference goes away. Everyone pays the same rate. Big benefit number 1 to the rich. Add to that, the poor are likely to spend 100% of their income. The rich are likely to save a good percentage of their income, thereby deferring any sales tax paid. -- Dan Espen |
OT Taxes My Proposed Taxes Fairness Bill of 2012
Kurt Ullman writes:
In article , Dan Espen wrote: Ummmm, yes. This is basic tax theory, I shouldn't have to explain it. Current income taxes are on a graduated scale. The more you make, the more you pay as a percentage. With a sales tax that percentage difference goes away. Everyone pays the same rate. Big benefit number 1 to the rich. Depends on how it is structured, although that causes additional problems of its own. For instance most state sales taxes don't include most food, housing, health care, etc. This addresses these issues to a certain extent. Agreed. Reminds me of every proposed flat tax plan. They all have "unspecified offsets". Specify the offsets and we can talk. Until then it's a huge benefit to the rich. -- Dan Espen |
OT Taxes My Proposed Taxes Fairness Bill of 2012
"Stormin Mormon" writes:
With a flat tax, I suspect there will be more economic activity. And the rich folks will do more spending. So, the increased number of transactions will make up for the lack of percentage points. You suspect? Don't you really mean you pulled that out of your nether orifice? And I guess you completely missed the current graduated tax part. -- Dan Espen |
OT Taxes My Proposed Taxes Fairness Bill of 2012
Is that a bad thing? After all, rich people buy stuff, and hire others.
Christopher A. Young Learn more about Jesus www.lds.org .. "Dan Espen" wrote in message ... Specify the offsets and we can talk. Until then it's a huge benefit to the rich. -- Dan Espen |
OT Taxes My Proposed Taxes Fairness Bill of 2012
"Bob F" wrote in message ... Doug Miller wrote: Dan Espen wrote in : "MarkK" writes: Someone from the Tea Party please take this and make it happen ... The tax fairness act prevents the federal, state or local governments from imposing multiple taxes on the same monies. For example, a taxpayer should not have to pay taxes to the Federal government on a dollars that are paid to the state or local governments. This example is already true, state and local taxes ARE deductible from Federal income taxes. This bill extends this to all levels of government and all forms of taxation. Is this a deficit reducing idea or are you just trying to add insane amounts of complexity to the tax code and make the deficit that much worse? It's time to just dump the income tax altogether. Repeal the 16th Amendment, and institute a sales tax instead. Right. Move the tax burden over to the working class, and give the poor starving billionaires a break. Some people are much too stupid AND ignorant to express anything but nonsense on the subject Which is why such idiots constantly appeal to emotion instead of arguing the subject rationally |
OT Taxes My Proposed Taxes Fairness Bill of 2012
"Stormin Mormon" writes:
Is that a bad thing? After all, rich people buy stuff, and hire others. I suppose that makes sense... To you. -- Dan Espen |
OT Taxes My Proposed Taxes Fairness Bill of 2012
"Stormin Mormon" writes:
One of the problems wtih the current tax code. By giving loopholes and exemptions to certain behaviours, the tax people can reward and punish what behaviours they want. Changing behaviour, isn't the Constitutional reason for the tax system. The reason is to fund the (minimal) needs of the government. And when those loopholes were created, they did encourage the desired behavior. All perfectly legitimate under "encouraging the common welfare". This "constitutional issue" is a figment of your imagination. But when it comes to repealing one of these loop holes when it's no longer needed we run up against ideologues that have signed the Grover Norquist pledge. So now we have irrevocable welfare for oil companies and banks. -- Dan Espen |
OT Taxes My Proposed Taxes Fairness Bill of 2012
"HeyBub" wrote in message m... MarkK wrote: Someone from the Tea Party please take this and make it happen (Yeah it's useless to complain about death or taxes, thanks for letting me rant) Good idea. In that vein, I'd like to repeat my "Flat-Flat Tax" idea. Assuming, in round numbers, the federal government needs $3.5 trillion. Assuming, again in round numbers, there are 350 million people in the U.S., then each person should pay $10,000 and that's the end of it. Think of the simplicity! "But," you might say, "what about the person who doesn't HAVE ten thousand dollars?" They could donate one unit of blood plasma per month for which the government would credit $1,000 per unit (I call this the Federal Withdrawing Plan). In ten months each person could eliminate his or her liability. "But, but, but..." you might complain, "what about the 18-year old mother of four precious snowflakes? She would be responsible for $50,000/year. Are you suggesting we draw blood from infants and toddlers?" Of course not. That would be absurd, not to mention cruel. It's true that mom is on the hook for fifty large, and we certainly can't expect her to provide five units of blood plasma per month. But what she could do is contribute a kidney. A kidney could replace a dialysis machine and is easily worth $250,000. One kidney would pay up her tax bill for FIVE YEARS! "And at the end of five years, what would you do? Take her OTHER kidney?" Absolutely not. That would be silly. She can't function without a kidney!. What she COULD do, is contribute a cornea. Assuming a cornea is roughly the same value as a kidney, she'd have her tax liability controled for ANOTHER five years. These two marketable items, coupled with the aforementioned blood platelets, would totally solve her tax problem for twelve, thirteen, or more years. By then, her children would be out on their own (or in jail), and she could go back to being a single taxpayer. Now I know the above is not a COMPLETE solution, we may have to make exceptions for members of the military or those in necessary professions, like members of Congress. I'm sure there will be tweaks. But it's a starting point. Somewhere along the line, she should give up her ovaries. If she can't afford having children, she shouldn't be popping them out like zits |
OT Taxes My Proposed Taxes Fairness Bill of 2012
"Bob F" wrote in message ... HeyBub wrote: MarkK wrote: Someone from the Tea Party please take this and make it happen (Yeah it's useless to complain about death or taxes, thanks for letting me rant) Good idea. In that vein, I'd like to repeat my "Flat-Flat Tax" idea. Assuming, in round numbers, the federal government needs $3.5 trillion. Assuming, again in round numbers, there are 350 million people in the U.S., then each person should pay $10,000 and that's the end of it. Think of the simplicity! "But," you might say, "what about the person who doesn't HAVE ten thousand dollars?" They could donate one unit of blood plasma per month for which the government would credit $1,000 per unit (I call this the Federal Withdrawing Plan). In ten months each person could eliminate his or her liability. "But, but, but..." you might complain, "what about the 18-year old mother of four precious snowflakes? She would be responsible for $50,000/year. Are you suggesting we draw blood from infants and toddlers?" Of course not. That would be absurd, not to mention cruel. It's true that mom is on the hook for fifty large, and we certainly can't expect her to provide five units of blood plasma per month. But what she could do is contribute a kidney. A kidney could replace a dialysis machine and is easily worth $250,000. One kidney would pay up her tax bill for FIVE YEARS! "And at the end of five years, what would you do? Take her OTHER kidney?" Absolutely not. That would be silly. She can't function without a kidney!. What she COULD do, is contribute a cornea. Assuming a cornea is roughly the same value as a kidney, she'd have her tax liability controled for ANOTHER five years. These two marketable items, coupled with the aforementioned blood platelets, would totally solve her tax problem for twelve, thirteen, or more years. By then, her children would be out on their own (or in jail), and she could go back to being a single taxpayer. Now I know the above is not a COMPLETE solution, we may have to make exceptions for members of the military or those in necessary professions, like members of Congress. I'm sure there will be tweaks. But it's a starting point. Sounds like "good" Republicon thinking. That's certainly the direction they're taking us. Fools can only respond with stupid labels, instead of actually trying to address the issue discussed. |
OT Taxes My Proposed Taxes Fairness Bill of 2012
Reading your last several posts, you appear to be a dyed in the wool liberal
socialist. Christopher A. Young Learn more about Jesus www.lds.org .. "Dan Espen" wrote in message ... So now we have irrevocable welfare for oil companies and banks. -- Dan Espen |
OT Taxes My Proposed Taxes Fairness Bill of 2012
In article , Dan Espen
wrote: "Stormin Mormon" writes: One of the problems wtih the current tax code. By giving loopholes and exemptions to certain behaviours, the tax people can reward and punish what behaviours they want. Changing behaviour, isn't the Constitutional reason for the tax system. The reason is to fund the (minimal) needs of the government. And when those loopholes were created, they did encourage the desired behavior. All perfectly legitimate under "encouraging the common welfare". Yes and no. They encouraged the desired behavior (sometimes, I have all sorts of instances where changes in the tax code resulted in really bad behaviors and others where the outcomes were pretty much the exact opposite of what they were touted to do), but only for a certain period of time. Then the system regained equilibrium under the new order and carried on w/ relatively little impact. But when it comes to repealing one of these loop holes when it's no longer needed we run up against ideologues that have signed the Grover Norquist pledge. So now we have irrevocable welfare for oil companies and banks. If you look at the top tax expenditures (that is Washington for loopholes) you have to get to number 7 before you get to one that might be beneficial to only people in the top brackets and it is out of the top 10 before you get one that is exclusively for business. We spend a lot more on loopholes for everyone (like IRAs, healthcare-- the single biggest--, and mortgage deductions-- the second biggest). -- People thought cybersex was a safe alternative, until patients started presenting with sexually acquired carpal tunnel syndrome.-Howard Berkowitz |
OT Taxes My Proposed Taxes Fairness Bill of 2012
On Tue, 17 Apr 2012 13:05:46 -0400, Dan Espen wrote:
"Stormin Mormon" writes: One of the problems wtih the current tax code. By giving loopholes and exemptions to certain behaviours, the tax people can reward and punish what behaviours they want. Changing behaviour, isn't the Constitutional reason for the tax system. The reason is to fund the (minimal) needs of the government. And when those loopholes were created, they did encourage the desired behavior. All perfectly legitimate under "encouraging the common welfare". "common welfare" individual welfare This "constitutional issue" is a figment of your imagination. But when it comes to repealing one of these loop holes when it's no longer needed we run up against ideologues that have signed the Grover Norquist pledge. So now we have irrevocable welfare for oil companies and banks. Nonsense. |
OT Taxes My Proposed Taxes Fairness Bill of 2012
"Stormin Mormon" writes:
Reading your last several posts, you appear to be a dyed in the wool liberal socialist. As long as you can fall back on what amounts to name calling, you don't even need to put together logical sentences. -- Dan Espen |
OT Taxes My Proposed Taxes Fairness Bill of 2012
Kurt Ullman writes:
In article , Dan Espen wrote: "Stormin Mormon" writes: One of the problems wtih the current tax code. By giving loopholes and exemptions to certain behaviours, the tax people can reward and punish what behaviours they want. Changing behaviour, isn't the Constitutional reason for the tax system. The reason is to fund the (minimal) needs of the government. And when those loopholes were created, they did encourage the desired behavior. All perfectly legitimate under "encouraging the common welfare". Yes and no. They encouraged the desired behavior (sometimes, I have all sorts of instances where changes in the tax code resulted in really bad behaviors and others where the outcomes were pretty much the exact opposite of what they were touted to do), but only for a certain period of time. Then the system regained equilibrium under the new order and carried on w/ relatively little impact. But when it comes to repealing one of these loop holes when it's no longer needed we run up against ideologues that have signed the Grover Norquist pledge. So now we have irrevocable welfare for oil companies and banks. If you look at the top tax expenditures (that is Washington for loopholes) you have to get to number 7 before you get to one that might be beneficial to only people in the top brackets and it is out of the top 10 before you get one that is exclusively for business. We spend a lot more on loopholes for everyone (like IRAs, healthcare-- the single biggest--, and mortgage deductions-- the second biggest). I did mention banks. Mortgage deductions serve multiple purposes but one of them is welfare for banks. -- Dan Espen |
OT Taxes My Proposed Taxes Fairness Bill of 2012
On Tue, 17 Apr 2012 13:00:41 -0400, Dan Espen
wrote: "Stormin Mormon" writes: Is that a bad thing? After all, rich people buy stuff, and hire others. I suppose that makes sense... To you. It makes sense to a lot of us. |
OT Taxes My Proposed Taxes Fairness Bill of 2012
On Tue, 17 Apr 2012 12:06:15 -0500, "Attila.Iskander"
wrote: "HeyBub" wrote in message om... MarkK wrote: Someone from the Tea Party please take this and make it happen (Yeah it's useless to complain about death or taxes, thanks for letting me rant) Good idea. In that vein, I'd like to repeat my "Flat-Flat Tax" idea. Assuming, in round numbers, the federal government needs $3.5 trillion. Assuming, again in round numbers, there are 350 million people in the U.S., then each person should pay $10,000 and that's the end of it. Think of the simplicity! "But," you might say, "what about the person who doesn't HAVE ten thousand dollars?" They could donate one unit of blood plasma per month for which the government would credit $1,000 per unit (I call this the Federal Withdrawing Plan). In ten months each person could eliminate his or her liability. "But, but, but..." you might complain, "what about the 18-year old mother of four precious snowflakes? She would be responsible for $50,000/year. Are you suggesting we draw blood from infants and toddlers?" Of course not. That would be absurd, not to mention cruel. It's true that mom is on the hook for fifty large, and we certainly can't expect her to provide five units of blood plasma per month. But what she could do is contribute a kidney. A kidney could replace a dialysis machine and is easily worth $250,000. One kidney would pay up her tax bill for FIVE YEARS! "And at the end of five years, what would you do? Take her OTHER kidney?" Absolutely not. That would be silly. She can't function without a kidney!. What she COULD do, is contribute a cornea. Assuming a cornea is roughly the same value as a kidney, she'd have her tax liability controled for ANOTHER five years. These two marketable items, coupled with the aforementioned blood platelets, would totally solve her tax problem for twelve, thirteen, or more years. By then, her children would be out on their own (or in jail), and she could go back to being a single taxpayer. Now I know the above is not a COMPLETE solution, we may have to make exceptions for members of the military or those in necessary professions, like members of Congress. I'm sure there will be tweaks. But it's a starting point. Somewhere along the line, she should give up her ovaries. If she can't afford having children, she shouldn't be popping them out like zits That's a fantastic idea! That could be your first tweak, HeyBub. Put that in there just before the kidney then the lazy slut may be inclined to contribute to society rather than being a burden to it. |
OT Taxes My Proposed Taxes Fairness Bill of 2012
In article , Dan Espen
wrote: I did mention banks. Mortgage deductions serve multiple purposes but one of them is welfare for banks. You gotta explain that one to me. How does a deduction I get for taking out a mortgage work as welfare to the banks? -- People thought cybersex was a safe alternative, until patients started presenting with sexually acquired carpal tunnel syndrome.-Howard Berkowitz |
OT Taxes My Proposed Taxes Fairness Bill of 2012
On Sunday, April 15, 2012 3:37:33 PM UTC-4, net cop wrote:
It's time to just dump the income tax altogether. Repeal the 16th Amendment, and institute a sales tax instead. And this advanced economic theory is based on what? Everybody spends money, but not everybody "makes" money (on the books). And what is it supposed to accomplish? For one thing it would ensure that everyone paid their "fair share." Everyone would pay the same rate, but the rich spend more money so they would end up paying more taxes. The overall rate would be lower because every dollar spent would be taxed. It would encourage saving. It would eliminate complex annual tax returns. The infrastructure to collect the tax is already in place in most states. |
OT Taxes My Proposed Taxes Fairness Bill of 2012
On Tuesday, April 17, 2012 11:53:29 AM UTC-4, net cop wrote:
Reminds me of every proposed flat tax plan. They all have "unspecified offsets". Specify the offsets and we can talk. Until then it's a huge benefit to the rich. No it is not. Right now the rich have loopholes and tax shelters and all kids of places to hide their money. They can earn it and spend it without paying a dime in taxes. You can't hide the money you SPEND. Even if a poor person spends every dime he earns, a rich person will still spend MORE DOLLARS, period. |
OT Taxes My Proposed Taxes Fairness Bill of 2012
Kurt Ullman writes:
In article , Dan Espen wrote: I did mention banks. Mortgage deductions serve multiple purposes but one of them is welfare for banks. You gotta explain that one to me. How does a deduction I get for taking out a mortgage work as welfare to the banks? Makes the mortgage more affordable. In effect the mortgagee can pay more to the bank than he could otherwise and the banks asset (the house) is more valuable. I repeat, "Mortgage deductions serve multiple purposes but one of them is welfare for banks." Why do I have to explain such simple things? -- Dan Espen |
OT Taxes My Proposed Taxes Fairness Bill of 2012
Gordon Shumway wrote:
Somewhere along the line, she should give up her ovaries. If she can't afford having children, she shouldn't be popping them out like zits That's a fantastic idea! That could be your first tweak, HeyBub. Put that in there just before the kidney then the lazy slut may be inclined to contribute to society rather than being a burden to it. But, but, but...that's, that's, that's EUGENICS! |
OT Taxes My Proposed Taxes Fairness Bill of 2012
On Apr 17, 3:10*pm, wrote:
On Sunday, April 15, 2012 3:37:33 PM UTC-4, net cop wrote: It's time to just dump the income tax altogether. Repeal the 16th Amendment, and institute a sales tax instead. And this advanced economic theory is based on what? Everybody spends money, but not everybody "makes" money (on the books). That's true. One benefit of a national sales tax or a VAT tax is that it's harder to avoid. And what is it supposed to accomplish? For one thing it would ensure that everyone paid their "fair share." Everyone would pay the same rate, but the rich spend more money so they would end up paying more taxes. The problem is that the rich would pay a lot less than they do under the current system or with a flat income tax. The rich do spend more, but I think very few are spending enough to come anywhere close to making up the income tax that would be lost. Take Warren Buffet for example. He's paying around 18%. Even if he spent everything he makes, you'd have to have an 18% sales tax to equal it. And Buffet lives relatively modestly. I'll bet he doesn't spend 5% of what he earns. And the tax would hit the poor, who pay no tax at all the hardest. You could partly offset that by making food, housing up to a certain point, etc exempt. It's interesting, but I believe it would shift a lot more of the tax burden to the poor and middle class. The overall rate would be lower because every dollar spent would be taxed.. It would encourage saving. Yes, but with an economy just barely moving, it could also put us in a depression when people reduce buying. It would eliminate complex annual tax returns. The infrastructure to collect the tax is already in place in most states. |
OT Taxes My Proposed Taxes Fairness Bill of 2012
On Apr 17, 3:20*pm, wrote:
On Tuesday, April 17, 2012 11:53:29 AM UTC-4, net cop wrote: Reminds me of every proposed flat tax plan. They all have "unspecified offsets". Specify the offsets and we can talk. *Until then it's a huge benefit to the rich. No it is not. Right now the rich have loopholes and tax shelters and all kids of places to hide their money. They can earn it and spend it without paying a dime in taxes. You can't hide the money you SPEND. There is no guarantee that a national sales tax would not have similar loopholes. I highly doubt you'd get one passed without the usual special interests getting their particular segment exempt. Housing would be one good example and with good argument. If you buy a house and decide to move in 3 years, take a new job, do you keep paying sales tax? Does it apply to used goods or just new? And while I agree a national sales tax would be harder to avoid, it can still be done. The very rich can buy stuff overseas, for example. But that new Gulfstream in the Bahamas and base it there. Even if a poor person spends every dime he earns, a rich person will still spend MORE DOLLARS, period. Yes, but most aren't going to spend anywhere near enough to make up for the lost income tax revenue. Hence more of the tax burder will fall on the middle class and a lot of it will fall on those that pay no taxes at all right now. |
OT Taxes My Proposed Taxes Fairness Bill of 2012
On 4/15/2012 11:36 AM, Dan Espen wrote:
writes: Someone from the Tea Party please take this and make it happen ... The tax fairness act prevents the federal, state or local governments from imposing multiple taxes on the same monies. For example, a taxpayer should not have to pay taxes to the Federal government on a dollars that are paid to the state or local governments. This example is already true, state and local taxes ARE deductible from Federal income taxes. This bill extends this to all levels of government and all forms of taxation. Is this a deficit reducing idea or are you just trying to add insane amounts of complexity to the tax code and make the deficit that much worse? How will this help others with their home repair projects? I once heard that there is more effort expended in tax preparation using professionals then there is in producing cars in the US. The tax code is in need of vast reform, but then there would be all of those unemployed accountants ;) |
OT Taxes My Proposed Taxes Fairness Bill of 2012
Frank writes:
On 4/15/2012 11:36 AM, Dan Espen wrote: writes: Someone from the Tea Party please take this and make it happen ... The tax fairness act prevents the federal, state or local governments from imposing multiple taxes on the same monies. For example, a taxpayer should not have to pay taxes to the Federal government on a dollars that are paid to the state or local governments. This example is already true, state and local taxes ARE deductible from Federal income taxes. This bill extends this to all levels of government and all forms of taxation. Is this a deficit reducing idea or are you just trying to add insane amounts of complexity to the tax code and make the deficit that much worse? How will this help others with their home repair projects? I once heard that there is more effort expended in tax preparation using professionals then there is in producing cars in the US. I doubt it. Even including the large staffs most corporations acquire to avoid paying taxes. The tax code is in need of vast reform, but then there would be all of those unemployed accountants ;) The nature of taxes is such that no matter what the system is, everyone will complain about it. Why do we get deductions for dependents? Each dependent costs the government more to educate. Especially true for my property taxes. The bulk goes to schools but I haven't had a child in our local schools for 30 years. -- Dan Espen |
OT Taxes My Proposed Taxes Fairness Bill of 2012
In article
3466611.154.1334689829036.JavaMail.geo-discussion-forums@ynje10, wrote: For one thing it would ensure that everyone paid their "fair share." Everyone would pay the same rate, but the rich spend more money so they would end up paying more taxes. I'd be a little more supportive if someone could give me a definition of "fair share" that did not, in essence, boil down to "what offends me personally". -- People thought cybersex was a safe alternative, until patients started presenting with sexually acquired carpal tunnel syndrome.-Howard Berkowitz |
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