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Campaign 2016 Part XIX: Escape from the Planet of Debates

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

ScoobyDoo said:
Wrong. The current tax system is killing the middle class and benefiting the rich more than Sica and my tax plan.
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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.
 
unofan said:
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.
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But he's earned most of it back? He didn't quit, either. One loss doth not a season make.
 
Re: Campaign 2016 Part XIX: Escape from the Planet of Debates

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

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

ScoobyDoo said:
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.
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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? :confused: 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.
 
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.
 
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Re: Campaign 2016 Part XIX: Escape from the Planet of Debates

The Sicatoka said:
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.
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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...
 
Re: Campaign 2016 Part XIX: Escape from the Planet of Debates

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

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

joecct said:
But he's earned most of it back? He didn't quit, either. One loss doth not a season make.
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No but a loss to an FCS team could tank your National Title hopes. Drumpf didnt lose a billion in 2008, that would be forgivable. He lost it in 1995 when the market was in full bull mode. That is like Alabama losing to Mt. Union.
 
Re: Campaign 2016 Part XIX: Escape from the Planet of Debates

ScoobyDoo said:
Wrong. The current tax system is killing the middle class and benefiting the rich more than Sica and my tax plan.
Click to expand...

The big problem with the current tax system is 1) capitol gains loopholes- which benefits those with means and 2) loopholes for rich special interest- which benefits those with means. Go look at the tax data, and you see that over $1M, net tax rates go DOWN. Get make all income taxable equally with the current structure, and we will be in much, much better position.

Kills me that "unearned" income pays less tax than earned income. And now we see that the real estate groups have such massive loopholes that one can avoid paying any tax with one big loss in a year. Crazy.

THAT is what we should be railing about- the system that made Don so rich in the first place. He's done nothing for anyone but himself- just like his entire industry. Which is an industry that has more than once taken down our economy.
 
Re: Campaign 2016 Part XIX: Escape from the Planet of Debates

ScoobyDoo said:
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.
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Rover's point is correct though, your plan wont meet the burden needed to fund the government. We cant do it now with this plan what makes you think more money will come in under yours?

All you are doing is starving the beast...who are you Ted Cruz?
 
Re: Campaign 2016 Part XIX: Escape from the Planet of Debates

Handyman said:
Rover's point is correct though, your plan wont meet the burden needed to fund the government. We cant do it now with this plan what makes you think more money will come in under yours?

All you are doing is starving the beast...who are you Ted Cruz?
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And this is why Congress is the way it is. You don't know that's correct anymore than I know what the exemption should be. Read alfablue's post below. The rates go down after a million? Why? Capital is revered while labor is shat on. Why?

You telling me changing that isn't going to increase revenue? Or, actually, based on what you and Rover are saying things are just fine the way they are. Cause even though we want to tax the rich more if we do the middle and lower class can't have a tax break because it won't fund the government.

What a joke.
 
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Re: Campaign 2016 Part XIX: Escape from the Planet of Debates

ScoobyDoo said:
No.

And this is why there is no hope. None.
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You realize just saying it isnt true doesnt actually make it untrue dont you?

Just answer his point...how will your tax plan fund the government?

Better question, who will vote to tax all income equally? How will that effect businesses large and small? What are the unintended consequences of your plan?
 
Re: Campaign 2016 Part XIX: Escape from the Planet of Debates

Handyman said:
You realize just saying it isnt true doesnt actually make it untrue dont you?

Just answer his point...how will your tax plan fund the government?

Better question, who will vote to tax all income equally? How will that effect businesses large and small? What are the unintended consequences of your plan?
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You're right. Keep it the same.
 
Re: Campaign 2016 Part XIX: Escape from the Planet of Debates

Progressive tax policies I'd like to see enacted.

1) Capital gains taxed as regular income for individuals.
2) New higher tax tier for incomes over 1M a year.
3) Lift income cap on Social Security.
 
Re: Campaign 2016 Part XIX: Escape from the Planet of Debates

Rover said:
Progressive tax policies I'd like to see enacted.

1) Capital gains taxed as regular income for individuals.
2) New higher tax tier for incomes over 1M a year.
3) Lift income cap on Social Security.
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Massive tax increase with "Better question, who will vote to tax all income equally? How will that effect businesses large and small? What are the unintended consequences of your plan? " thrown in.

No go.

My effective rate needs to be more than Romney to fund the government.
 
Re: Campaign 2016 Part XIX: Escape from the Planet of Debates

Moving on from La-La Land...rumors are flying Marla Maples leaked Donald's taxes negating the "it was illegal" meme :D
 
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