Campaign 2016 Part XIX: Escape from the Planet of Debates

[ScoobyDoo]

Re: Campaign 2016 Part XIX: Escape from the Planet of Debates

The flat rate would not be 15% or whatever number the fair tax people use. It'd be closer to 25%. Most people in this country never hit the 25% tax bracket.

LOL.

My first 100K is free. Which means my effective rate is 0%.

[ScoobyDoo]

Re: Campaign 2016 Part XIX: Escape from the Planet of Debates

Exactly. Flat Tax Society = Flat Earth Society. Give up it guys. The theory has been disproven.

Big problem with flat tax is what uno alluded to. In order to maintain existing revenues flat tax level would have to be higher than what all but the rich already pay. Essentially they once again get the biggest tax cut, while middle class to upper middle class take it in the shorts. No thanks, for the umpteenth time. Its the kind of idea that appeals to 1) the rich who are stealthily getting a big tax cut, or 2) simpletons.

Wrong. The current tax system is killing the middle class and benefiting the rich more than Sica and my tax plan.

[Kepler]

Re: Campaign 2016 Part XIX: Escape from the Planet of Debates

No Sica is not voting for Drumpf...now if you said he is mad his party is the joke of politics and seems to plan to be for the next few elections THEN you would be correct

According to the September poll, none of us are voting for Trump.

[ScoobyDoo]

Re: Campaign 2016 Part XIX: Escape from the Planet of Debates

According to the September poll, none of us are voting for Trump.

USCHO is telling Trump to kneel before ZOD!

[unofan]

LOL.

My first 100K is free. Which means my effective rate is 0%.

I've never seen a single flat tax plan which exempts 100k. Most exempt up to the poverty line.

If you exempt 100k, you'd never be able to pay for anything.

[Rover]

Re: Campaign 2016 Part XIX: Escape from the Planet of Debates

Wrong. The current tax system is killing the middle class and benefiting the rich more than Sica and my tax plan.

Incorrect. The point you fall down on is maintaining existing revenues. Anybody can put out a snazzy looking tax plan if you don't care about funding the govt. People like Steve Forbes and Herm Cain often flog mathematically impossible plans if you take reality out of the equation. Your "plan" has to be a tax hike if it tries to keep current revenue. In a tiered system people aren't paying 25% or whatever on all their income. Only when they go above a certain level. The notion of all taxes are exempt up to 200K sounds good, but again, show me that this plan doesn't produce a revenue shortfall and I'll check it out.

[joecct]

So you're fine with Trump, the genius businessman, losing almost a billion dollars in one year?

And it's farking hilarious how a millionaire/billionaire not paying taxes is smart, but a poor black woman with kids not paying taxes is a welfare queen moocher.

But he's earned most of it back? He didn't quit, either. One loss doth not a season make.

[The Sicatoka]

Re: Campaign 2016 Part XIX: Escape from the Planet of Debates

Most people in this country never hit the 25% tax bracket.

Most? No. But I do.
I fall into one of the " ... plus 25% of the amount over ... " brackets.

https://www.irs.com/articles/project...tax-rates-2016

[ScoobyDoo]

Re: Campaign 2016 Part XIX: Escape from the Planet of Debates

Incorrect. The point you fall down on is maintaining existing revenues. Anybody can put out a snazzy looking tax plan if you don't care about funding the govt. People like Steve Forbes and Herm Cain often flog mathematically impossible plans if you take reality out of the equation. Your "plan" has to be a tax hike if it tries to keep current revenue. In a tiered system people aren't paying 25% or whatever on all their income. Only when they go above a certain level. The notion of all taxes are exempt up to 200K sounds good, but again, show me that this plan doesn't produce a revenue shortfall and I'll check it out.

As far as I can tell my plan increases taxes on the rick. Given Obama's, Romney's, and Trump's effective rates I'm pretty confident on that. You're just wrong. And you're enabling the rich to get away with it.

The rich NEVER pay their tier. NEVER. Romney only paid, what, 14%. That's taking your tiers and turning them upside down.

[ScoobyDoo]

Re: Campaign 2016 Part XIX: Escape from the Planet of Debates

I've never seen a single flat tax plan which exempts 100k. Most exempt up to the poverty line.

If you exempt 100k, you'd never be able to pay for anything.

That's funny cause under the current tax plan Romney only pays 14%. I'm guessing there's a ton of people I'm gaining revenue from.

[Rover]

Re: Campaign 2016 Part XIX: Escape from the Planet of Debates

As far as I can tell my plan increases taxes on the rick. Given Obama's, Romney's, and Trump's effective rates I'm pretty confident on that. You're just wrong. And you're enabling the rich to get away with it.

The rich NEVER pay their tier. NEVER. Romney only paid, what, 14%. That's taking your tiers and turning them upside down.

There's the money shot right there. For the record, the Clinton's have been paying their fair share, most likely due to the source of their income (speaking fees and his pension). Romney gets money from capital gains. You can fix that (tax them at existing rates) without applying an idiotic flat tax which you've shown no evidence can actually work.

Also, show me where Obama has been paying less than he should? Again, as the source of his income is his salary and maybe some book royalties, he's most likely using the same deductions (children, mortgage interest) as the rest of us.

[ScoobyDoo]

Re: Campaign 2016 Part XIX: Escape from the Planet of Debates

Sigh

ALL INCOME THE SAME PLEASE. NO DEDUCTIONS. Exemption up to whatever the number is.

You do that it's a progressive tax and you've eliminated the loopholes. It's transparent.

The Clinton's and Buffet are the exceptions. Not the rule. Hedge Fund managers clean America's clock every day. Trust Fund babies do the same. The lost revenue will come from the cheaters who right now have snowed you and everyone else.

EDIT: Obama's tax rate is 20%. That's too low and under my plan he gets an increase.

[Handyman]

Re: Campaign 2016 Part XIX: Escape from the Planet of Debates

The problem that many will pose to you Scoob is the 1% doesn't have W-2 income but has 1099 income. What about that? I'd say treat W-2 and 1099 income the exact same. <-- I just lost any and every election right there.

That would be great, in the land of make believe where it rains bourbon and everything is tastes like bacon. Problem is in the real world that has as much a chance of happening as I do of being the starting QB for the Vikes tonight...

[Rover]

Re: Campaign 2016 Part XIX: Escape from the Planet of Debates

Sigh

ALL INCOME THE SAME PLEASE. NO DEDUCTIONS. Exemption up to whatever the number is.

You do that it's a progressive tax and you've eliminated the loopholes. It's transparent.

The Clinton's and Buffet are the exceptions. Not the rule. Hedge Fund managers clean America's clock every day. Trust Fund babies do the same. The lost revenue will come from the cheaters who right now have snowed you and everyone else.

EDIT: Obama's tax rate is 20%. That's too low and under my plan he gets an increase.

Great! Now show me what the exemptions/tax rate is to make this at least revenue neutral, and I can tell you if its less progressive than current tax code. If you can't do that then give it a rest.

[ScoobyDoo]

Re: Campaign 2016 Part XIX: Escape from the Planet of Debates

That would be great, in the land of make believe where it rains bourbon and everything is tastes like bacon. Problem is in the real world that has as much a chance of happening as I do of being the starting QB for the Vikes tonight...

Well, then tell Rover to stop pretending that the missing income in my plan is coming from not taxing the rich enough. Cause that just ain't true.