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Loren Booda
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U. S. corporations paid 60% of the budget 50 years ago compared to 16% today. Would a flat tax introduce a more fair distribution? (Another example of corporate rights overtaking individual rights.)
GENIERE said:Why play games? Got a point - make it.
Loren Booda said:Does anyone have a scheme that would simplify and balance taxation?
Corporate taxes are a flat tax. The tax is passed on to consumers in higher prices and becomes a virtual hidden sales tax, even for those products normally exempt from sales tax. If you want a truly progressive tax system, eliminating all corporate taxes and sales taxes and just rely on income tax.Loren Booda said:U. S. corporations paid 60% of the budget 50 years ago compared to 16% today. Would a flat tax introduce a more fair distribution? (Another example of corporate rights overtaking individual rights.)
Loren Booda said:U. S. corporations paid 60% of the budget 50 years ago compared to 16% today. Would a flat tax introduce a more fair distribution? (Another example of corporate rights overtaking individual rights.)
Simplify deductions, make only a handful of tiers.Loren Booda said:Does anyone have a scheme that would simplify and balance taxation?
Pengwuino said:But if you increase deductions, wouldn't people start being ablet og et away with a lot more things? Like... couldn't someone deduct a rolex under a vague/simple deductation category of 'anything that helps your business' because they might say it helps keep time lol.
loseyourname said:I knew a business owner that deducted his car payments because he had the name of his company on the rear windshield (making the car an advertisement expense). I think Russ wants us to decrease deductions.
Loren Booda said:In order to spend it!
Pengwuino said:With inflation, ALL prices change, not just the money in the public.
Pengwuino said:there is a connection between taxation and spending, a few studies show it
"Simplify" means decrease. Make less things deductable.Pengwuino said:But if you increase deductions, wouldn't people start being ablet og et away with a lot more things? Like... couldn't someone deduct a rolex under a vague/simple deductation category of 'anything that helps your business' because they might say it helps keep time lol.
Jimmy, taxes have nothing at all to do with what money is worth. Taxes are simply money taken from you so that the government can pay its operating expenses. A flat tax means the government takes a flat percentage, ie, 20% of your income goes to the government. In the US, we have a tiered or graduated system where the more you make, the higher the percentage you pay.jimmysnyder said:You lost me here. Are we talking about a flat tax or not. In a flat tax, each dollar is worth a fixed percentage less, just like inflation.
You have conducted 37 studies? Huh? In any case, I don't think Pengwuino was talking about the budget, but rather how taxes affect the spending of the people who pay them: ie, if you get taxed less, you'll spend the money that you otherwise would have paid to taxes.Name one. I conducted no less than 37 studies myself. Each one showed that there was no correlation. In fact, some years the government spends more than it taxes and other years less. Never has it come out even. What connection did your studies show?
russ_watters said:In any case, I don't think Pengwuino was talking about the budget, but rather how taxes affect the spending of the people who pay them.
Loren Booda said:Does anyone have a scheme that would simplify and balance taxation?
It would seem so, because these findings were found as well:After the 9/11 terrorist attacks, the percentage saying [taxes are] "fair" jumped to 58%, up from 51% the previous April. In April 2003, shortly after the Iraq war was launched, the percentage jumped even higher to 64%, about the level of the post-World War II sentiment. ...one could attribute some of the change in opinion to the actual tax cuts that have passed during the Bush administration, though history suggests it is national security rather than tax cuts themselves that more significantly influence people's opinion on this issue.
As posted earlier, a concern is that of collecting taxes:Majority of Upper-Income People Say They Pay Too Little Taxes; Lower- and Middle-Income People Agree
While most Americans say the amount of taxes they pay is fair, large majorities also say the amount corporations and upper-income people pay is too little, and a slight majority says the amount lower-income people pay is too much.
About 16% of all Americans identify themselves as either "upper class" or "upper middle class." A majority of this group, 52%, says upper-income people pay too little taxes. Among people who identify themselves as "working/lower class" or "middle class," large majorities agree -- 77% and 67%, respectively.
Over all, people are not as concerned about user/sales tax as they are other taxes:Recent news reports suggest that the federal government fails to collect up to $350 billion in taxes every year because people cheat on their returns. But this year, the Internal Revenue Service says it is making a special effort to go after corporations, upper-income people, and small businesses, to make sure the taxes are paid. The poll shows that Americans are divided over how difficult it is to cheat on income taxes. Thirty percent say it is becoming harder to do so, 21% say it is easier, and 35% say there has been no change.
With rapid increases in values of real estate, and property taxes being raised accordingly, the property tax is becoming even more unpopular.Which is the worst tax people have to pay? The winner, as it was two years ago, is the property tax, followed by the federal income tax.
Yes, and I find it odd to tax something and then extend a deduction for that tax.loseyourname said:Property taxes are terrible. I hate hearing those anecdotes about old women whose houses have been paid off for 20 years no longer being able to afford the property tax after rate hikes and being forced to move into crappy neighborhoods.
loseyourname said:Property taxes are terrible. I hate hearing those anecdotes about old women whose houses have been paid off for 20 years no longer being able to afford the property tax after rate hikes and being forced to move into crappy neighborhoods.
Loren Booda said:Does anyone have a scheme that would simplify and balance taxation?