An excellent way to open the eyes of Americans

[Tango]

I was wondering about that as well, Toad.

[Hangtime]

It's dead, Jim. Free.. but dead.

[sluggish]

I would have thought this would qualify as a political thread.

He only locked the threads on page one.  Apparently they've all gone home.

[drdeathx]

Heater the unemployment rate is 6.1%

[Heater]

Heater the unemployment rate is 6.1%

Correct...Just went back and re-read it

Cheers

[Trell]

Not a big fan of the fair tax,  I believe it is anything but fair
A sales tax only tax will hurt the poor and middle classes the most,   They spend a larger amount of their income because they make less. So it would be a much larger % of their income going to taxes.  I believe in a strait income tax on anyone making over 35k a year.  The tax should include everything including capital gains. 

[bongaroo]

People with more money spend more money firstly.

Second: read about the tax.  Everyone gets a refund up to the poverty level.  It's much more progressive than our current system.

[Torque]

The People is the US have it easy for Taxes....
Here is mine From last month

Gross Pay : €8611,76
Net Pay: €4552,15

€ 650 of the witholding is for Retirement and health Insurance:

The rest is TAX!!!!

they have... well had... a tax deferment program.

[Fangio]

Not a big fan of the fair tax,  I believe it is anything but fair
A sales tax only tax will hurt the poor and middle classes the most,   They spend a larger amount of their income because they make less. So it would be a much larger % of their income going to taxes.  I believe in a strait income tax on anyone making over 35k a year.  The tax should include everything including capital gains. 

Under the FairTax plan,  NOBODY pays ANY tax on the first $30K of income.   The FairTax includes a "pre-bate"....  basically a rebate that would PAY everyone back for the taxes paid at the purchase for items up to the $30K income mark. So anyone earning under $30K will pay ZERO taxes.

The fact is that under the FairTax the poor people your concerned about would in reality pay far LESS taxes.

Capital Gains taxes DO NOT increase Govt. tax revenues.  This has been proven repeatedly. The higher the capital gains tax rate, the less economic activity will take place as investors choose not to liquidate assets and re-invest in order to avoid the tax penalties.

I DO agree that a single flat tax rate would be better than what we have now. I have never understood how a democratic system can be expected to function properly when all citizens have the same single vote but the majority can gang up on the minority and force them to pay all of the taxes while the majority in fact pays little to no taxes. The top 50% of income earners in the US pay over 97% of the taxes. THAT is not fair.



Fang

[Nwbie]

The top 50% pay the most in percentage on Federal taxes
but if taken into consideration all taxes - we already have a flat tax situation
see chart
http://graphics7.nytimes.com/images/2003/01/20/business/21DOUBLE.chart.jpg

[Casca]

Do away with the payroll tax.  Make everyone pay their taxes out of pocket quarterly.  We have become a "net pay" society.  To the point where most just give a passing glance at the FICA, state and SS deductions.  Of course, the reason those automatic deductions are there is to prevent the all-out revolt and refusal to pay that would happen if the masses had to pay their taxes out of pocket.

We are well domesticated sheep that don't even need to be led to the slaughter; we go there willingly.

You are right and I would like to see it happen.  I get paid once a year and pay taxes in one lump sum including 14 plus percent FICA.  Supposed to file quarterly but since I only get paid once a year it chaps my a** to pay taxes on money I haven't made yet so I pay the penalty.  My marginal rate on a modest income is right at 40%.  Taxes are greater than all my other expenses combined and I get to see them go out on one check in April.  If everyone in the country had to write that check there would be massive shortfalls followed by a revolt.

Everyone had to do this until WWII when withholding was introduced.  It was the brainchild of a Macy's executive that realized that layaway was a popular way of purchasing big ticket items and thought it would translate well to the tax system.  It was sold by the Roosevelt admistration as a "convenience" to the taxpayer.

[Eagler]

redistribution of wealth will be the tax plan 2009 - 2012  if obamamans kool aid does the trick

and maybe beyond if the country lives through the 1st four years of it ... I don't think it would