Thread Rating:
02-13-2010, 09:33 AM
A lot of people on here seem to believe in the government providing a lot of services. In relation to that how much should people pay in taxes. To keep this from going all over the place lets assume the following.
1. Family of there.
2. 100,000.00 dollars a year income, makes it easier to do %.
3. Owns home valued at $ 130,000.00
4. Owns two cars, 2002 chevy pickup, 2006 van.
5. Child is 12 years old and attends public school.
So what does everyone think. How much should they pay and maybe a short reason why they should pay that amount.
1. Family of there.
2. 100,000.00 dollars a year income, makes it easier to do %.
3. Owns home valued at $ 130,000.00
4. Owns two cars, 2002 chevy pickup, 2006 van.
5. Child is 12 years old and attends public school.
So what does everyone think. How much should they pay and maybe a short reason why they should pay that amount.
![[-]](https://bluegrassrivals.com/forum/images/lifestyle/collapse.png)
02-14-2010, 11:15 PM
I kind of like the idea of a flat tax. Steve Forbes had a good plan when he ran for president in 2000.
Summary of Steve Forbes'
Flat Tax Plan
America needs to take a new road, one toward an expansion future that is bigger and better than our past. That's why I'm proposing today, and will be talking about throughout my campaign, a liberation movement to take power away from Washington and put it in the hands of the people. A "Boston Tea Party," if you will, that puts an end to the taxing and spending party in Washington, DC. I mean to free the mighty American economy from political repression.
The first element is dramatic pro-growth tax cuts.
I'm not talking "revenue neutral" fiddling with the tax code, the usual game in Washington that pretends to cut some taxes while raising others. And I'm not talking about fiddling around the "margins" cutting taxes that only help the well-to-do.
I am talking about across-the-board tax cuts that are deep and wide and permanent, that reach down to all Americans and get the suffocating weight of the IRS off their backs.
Start by scrapping the tax code. Don't fiddle with it. Junk it. Throw it out. Bury it. Replace it with a pro-growth, pro-family tax cut that lowers tax rates to 17% across the board and expands exemptions for individuals and children so that a family of four would pay no taxes on the first $36,000 of income.
Not one cent to the IRS on the first $36,000. Anything over that would be taxed at a flat, fair 17%.
The flat tax would be simple. You could fill it out on a postcard. It would be honest. It would eliminate the principal source of political corruption in Washington. It would be fair. Millions of people would be off the federal income tax rolls.
There would be no tax on Social Security. No tax on pensions. No tax on personal savings. It would zero out capital gains taxes. It would set off a boom by letting people keep more of what they earn and by lowering barriers to risk taking.
I will underline here this distinction between my proposal and those floated by other candidates in this political season:
I am straightforwardly calling for a tax cut to expand the economy and make everyone better off.
We need dramatic, pro-growth tax cuts -- tax cuts that are deep, wide and permanent, that reach down to all American families and businesses -- especially small businesses -- and get the suffocating weight of the IRS off our backs
Summary of Steve Forbes'
Flat Tax Plan
America needs to take a new road, one toward an expansion future that is bigger and better than our past. That's why I'm proposing today, and will be talking about throughout my campaign, a liberation movement to take power away from Washington and put it in the hands of the people. A "Boston Tea Party," if you will, that puts an end to the taxing and spending party in Washington, DC. I mean to free the mighty American economy from political repression.
The first element is dramatic pro-growth tax cuts.
I'm not talking "revenue neutral" fiddling with the tax code, the usual game in Washington that pretends to cut some taxes while raising others. And I'm not talking about fiddling around the "margins" cutting taxes that only help the well-to-do.
I am talking about across-the-board tax cuts that are deep and wide and permanent, that reach down to all Americans and get the suffocating weight of the IRS off their backs.
Start by scrapping the tax code. Don't fiddle with it. Junk it. Throw it out. Bury it. Replace it with a pro-growth, pro-family tax cut that lowers tax rates to 17% across the board and expands exemptions for individuals and children so that a family of four would pay no taxes on the first $36,000 of income.
Not one cent to the IRS on the first $36,000. Anything over that would be taxed at a flat, fair 17%.
The flat tax would be simple. You could fill it out on a postcard. It would be honest. It would eliminate the principal source of political corruption in Washington. It would be fair. Millions of people would be off the federal income tax rolls.
There would be no tax on Social Security. No tax on pensions. No tax on personal savings. It would zero out capital gains taxes. It would set off a boom by letting people keep more of what they earn and by lowering barriers to risk taking.
I will underline here this distinction between my proposal and those floated by other candidates in this political season:
I am straightforwardly calling for a tax cut to expand the economy and make everyone better off.
We need dramatic, pro-growth tax cuts -- tax cuts that are deep, wide and permanent, that reach down to all American families and businesses -- especially small businesses -- and get the suffocating weight of the IRS off our backs
02-14-2010, 11:23 PM
This nation seems to be hurtling toward bankruptcy, so I favor scrapping the current system and implementing the Fair Tax in its place. That would eliminate the need for the IRS and for individual tax returns. The Fair Tax would also attract new investment and jobs to this country.
I do not mind paying the taxes that I currently pay but government growth and the expansion of entitlements must be reversed before they consume everything that this nation produces. An economy based on consumption cannot survive for long.
I do not mind paying the taxes that I currently pay but government growth and the expansion of entitlements must be reversed before they consume everything that this nation produces. An economy based on consumption cannot survive for long.
02-14-2010, 11:42 PM
Hoot Gibson Wrote:This nation seems to be hurtling toward bankruptcy, so I favor scrapping the current system and implementing the Fair Tax in its place. That would eliminate the need for the IRS and for individual tax returns. The Fair Tax would also attract new investment and jobs to this country.
I do not mind paying the taxes that I currently pay but government growth and the expansion of entitlements must be reversed before they consume everything that this nation produces. An economy based on consumption cannot survive for long.
I agree. I think these quotes are appropriate for the subject.
"We contend that for a nation to try to tax itself into
prosperity is like a man standing in a bucket and trying
to lift himself up by the handle." Sir Winston Churchill
âSocialism is a great idea till you run out of other peoples money." Margaret Thatcher
Users browsing this thread: 1 Guest(s)
