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2nd Term - Part 3 - Echo Chambers, Chorales, and Wingnuts, Oh My!

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Re: 2nd Term - Part 3 - Echo Chambers, Chorales, and Wingnuts, Oh My!

Shirtless Guy said:
And how is that?
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Income earned up to a certain amount - No tax for anyone on that income.
Income earned up to the next certain amount - Flat percentage for everyone.
Income earned up to the next certain amount - Flat percentage for everyone.

No payroll taxes of any kind. No deductions of any kind.

There's your fair Federal System. State system is inherently fair. Don't like the taxes in your state? MOVE.
 
Re: 2nd Term - Part 3 - Echo Chambers, Chorales, and Wingnuts, Oh My!

Bill said:
At over 70,00 pages, the tax code is beyond any kind of major simplification. Easier to scrap and replace.
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That's easily done without bothering with a flat tax.

* Eliminate corporate income tax. Except for money that goes out of country, we're better off taxing that money when it ends up as income. Wipes out the worst of the tax engineering and sheltering behavior. The only real downside is that people inclined to cheat would try to hide personal income in a corporation, and enforcement would be required to minimize such occurrences.

* Eliminate differentiation in income. All income a person takes in is subject to the same income tax. The only complication that would remain is cost basis for capital gains, but it gets rid of messy bits involving what kind of income a particular type of income is. It also eliminates the heavy favoritism to capital over labor in the current regime, which is may be a significant contributor to current inequality issues.

* Eliminate all exemptions and deductions.

There! Simple tax code!

(And I'm largely in favor of all of it except for scrapping all exemptions and deductions, but even those should be scaled back dramatically.)
 
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Re: 2nd Term - Part 3 - Echo Chambers, Chorales, and Wingnuts, Oh My!

ScoobyDoo said:
No, the country doesn't get anywhere because scrapping one give away to the wealthy for another one is ridiculous. And that's what the right wants to do and has always wanted to do. There's ways to make the tax system fair for everyone but no one is really interested in that.
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Once again, scrapping something where you see benefit. Even if it's by the cutthroat means of pushing negative benefit onto someone else.
 
Re: 2nd Term - Part 3 - Echo Chambers, Chorales, and Wingnuts, Oh My!

Craig P. said:
That's easily done without bothering with a flat tax.

* Eliminate corporate income tax. Except for money that goes out of country, we're better off taxing that money when it ends up as income. Wipes out the worst of the tax engineering and sheltering behavior. The only real downside is that people inclined to cheat would try to hide personal income in a corporation, and enforcement would be required to minimize such occurrences.

* Eliminate differentiation in income. All income a person takes in is subject to the same income tax. The only complication that would remain is cost basis for capital gains, but it gets rid of messy bits involving what kind of income a particular type of income is. It also eliminates the heavy favoritism to capital over labor in the current regime, which is may be a significant contributor to current inequality issues.

* Eliminate all exemptions and deductions.

There! Simple tax code!

(And I'm largely in favor of all of it except for scrapping all exemptions and deductions, but even those should be scaled back dramatically.)
Click to expand...

Not too bad. Actually, cost basis for capital gains isn't a complication. It's just like any other business expense around. I'd handle it the same way that you would handle self-employment.
 
Re: 2nd Term - Part 3 - Echo Chambers, Chorales, and Wingnuts, Oh My!

ScoobyDoo said:
. There's ways to make the tax system fair for everyone but no one is really interested in that.
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Especially the millions of accountants who lobby the crap out of Congress
 
Re: 2nd Term - Part 3 - Echo Chambers, Chorales, and Wingnuts, Oh My!

FlagDUDE08 said:
Not too bad. Actually, cost basis for capital gains isn't a complication. It's just like any other business expense around. I'd handle it the same way that you would handle self-employment.
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Seems pretty reasonable to me.
 
Re: 2nd Term - Part 3 - Echo Chambers, Chorales, and Wingnuts, Oh My!

Did anybody else catch the Larry Flynt endorsement of Mark Sanford? That race was starting to slip away from him but now I think ol Appalachian Trail Mark will hike his way to victory!
 
Re: 2nd Term - Part 3 - Echo Chambers, Chorales, and Wingnuts, Oh My!

I am starting to get very, very concerned (I was merely "concerned" earlier) that Obama's second term is starting to look eerily similar to Woodrow Willson's second term. I really hope I am wrong, but his press conference earlier this week was quite bizarre even for him. :eek:
 
FreshFish said:
I am starting to get very, very concerned (I was merely "concerned" earlier) that Obama's second term is starting to look eerily similar to Woodrow Willson's second term. I really hope I am wrong, but his press conference earlier this week was quite bizarre even for him. :eek:
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:rolleyes:

I don't even know how to respond to weapons grade derp like that. It's the perfect combo of general hysteria and obfuscated insults with no factual backing whatsoever.
 
Re: 2nd Term - Part 3 - Echo Chambers, Chorales, and Wingnuts, Oh My!

unofan said:
:rolleyes:

I don't even know how to respond to weapons grade derp like that. It's the perfect combo of general hysteria and obfuscated insults with no factual backing whatsoever.
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<iframe width="420" height="315" src="http://www.youtube.com/embed/Qh2sWSVRrmo" frameborder="0" allowfullscreen></iframe>

Pearl necklace business is booming
 
Re: 2nd Term - Part 3 - Echo Chambers, Chorales, and Wingnuts, Oh My!

unofan said:
:rolleyes:

I don't even know how to respond to weapons grade derp like that. It's the perfect combo of general hysteria and obfuscated insults with no factual backing whatsoever.
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He's worried Obama will get us in a war with the Great Hun.
 
Re: 2nd Term - Part 3 - Echo Chambers, Chorales, and Wingnuts, Oh My!

unofan said:
:rolleyes:

I don't even know how to respond to weapons grade derp like that. It's the perfect combo of general hysteria and obfuscated insults with no factual backing whatsoever.
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Recognize the technique, do you?
 
Re: 2nd Term - Part 3 - Echo Chambers, Chorales, and Wingnuts, Oh My!

Old Pio said:
Recognize the technique, do you?
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Having seen enough Fox News clips and FW: FW: FW: FW: FW: e-mails from my ultra-conservative Godfather, yes I do. It's straight out of the Rupert Murdoch playbook.

Your own post is straight out of the Karl Rove "Accuse your foes of your own failings" playbook.
 
Re: 2nd Term - Part 3 - Echo Chambers, Chorales, and Wingnuts, Oh My!

unofan said:
Having seen enough Fox News clips and FW: FW: FW: FW: FW: e-mails from my ultra-conservative Godfather, yes I do. It's straight out of the Rupert Murdoch playbook.

Your own post is straight out of the Karl Rove "Accuse your foes of your own failings" playbook.
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And a whiner, too.
 
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unofan said:
Your own post is straight out of the Karl Rove "Accuse your foes of your own failings" playbook.
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All the more amusing since Rovian tactics last worked in the 2004 election. However, for people generally stuck in the early 80's we should give them credit for moving forward 20 years. ;)
 
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