Raise America’s Taxes

[Armistead]

Tax rates mean nothing when you're rich, tax shelters and loopholes do.
Corporations don't care about tax rates as long as they have all their shelters and can buy regulation. Our code is so complex for one reason, it keeps average Americans out of the know. The tax code is much like our criminal code, we give people 3 life sentences, then they get out in 5 years. It's laughable when the GOP talks about lowering taxes, then only mentions closing a few possible loopholes.

They say the rich pay most of the taxes. First, we're going into mass debt, so it's not being paid for, second, the average american pays boat loads.
Everything is taxed, gas, sales, power, you name it, it probably has taxes built in. Corporations pay very little for what they get.

We need a complete reworking of the tax code, better known as the rich man's handbook. Get rid of loopholes, shelters, then adjust the tax..

[UnderseaLcpl]

Originally Posted by Armistead

Tax rates mean nothing when you're rich, tax shelters and loopholes do.
Corporations don't care about tax rates as long as they have all their shelters and can buy regulation. Our code is so complex for one reason, it keeps average Americans out of the know. The tax code is much like our criminal code, we give people 3 life sentences, then they get out in 5 years. It's laughable when the GOP talks about lowering taxes, then only mentions closing a few possible loopholes.

They say the rich pay most of the taxes. First, we're going into mass debt, so it's not being paid for, second, the average american pays boat loads.
Everything is taxed, gas, sales, power, you name it, it probably has taxes built in. Corporations pay very little for what they get.

We need a complete reworking of the tax code, better known as the rich man's handbook. Get rid of loopholes, shelters, then adjust the tax..

I generally agree, though I am a bit miffed about you questioning my beloved corporations. For the record, corporations are pretty good about paying their taxes. They're also pretty good about passing that overhead cost on to the consumers, which is why corporate tax is a patently stupid idea. Business is good. We want more of it, not less. No taxes for business. No capital gains tax either. Capital is also good, especially when one is gaining it.

That said, Kristoff can go to hell. While I agree thathistaxes should be raised, seeing as how he has so magnanimously offered, he has no right to raise my taxes to fund things I don't support. Well, no moral right, anyway. He talks about politicians running from fiscal reality but he is not willing to cut medicare and medicaid or social security; by whose powers combined- not even Captain Planet can save us.

This ridiculous entitlement spending has to stop. It's eating nearly two-thirds of the GNP all by itself and nobody is happy with the results. I don't say that because I'm a heartless capitalist, I say that because everyone already knows it, though they have not yet admitted it. While the goals of these programs are noble and I retain enough of my former liberal enlightenment to appreciate that, the fact of the matter is that they have all been complete disasters.

Something has to be done, but whatever it is, do not let the government have too much discretionary power over it. I'd prefer it not have any at all, but I'm willing to compromise. Remember, this is the same agency that somehow managed to obtain the power to tax people's earnings in the interests of providing for them in retirement, a very simple task by any measure, and then managed to misplace all of that money. Worse, the government now effectively owes money to social security. How the ******* do you even do that? They literally could have taken that money and put it into a CD at a bank and done nothing else with it and made money.

We are running out of time. Estimates vary, but our interest payments will eclipse our taxable income soon enough that we should be concerned. No amount of taxation, no matter how well-intentioned, nor how wisely-spent, is going to fix the Supreme Mongolian Cluster-**** that is our Federal Government. We need to get right to the heart of the matter, and that means drastic cuts in federal spending and power. It also means boosting our tax base by creating an environment favorable for business. Not this multibillion-dollar forward-thinking green-job BS that obviously isn't working, but a real environment that is favorable for business. No business taxes, no duties, no tariffs, no quotas. We are in an increasingly global market, and that means we need a competitive edge.

/rant Sorry if I stepped on anyone's toes.

[Onkel Neal]

I like.

[August]

Originally Posted by Neal Stevens

I like.

New taxes? Burn the witch!

[les green01]

don't need more taxes what we need is to get his and congress hands out of the piggy bank stop giving them a blank checks stop the earmarks or the pork or whatever you want to call it.i think neal should run for president way he runs subsim he be a great one.i been on medicad years ago sad thing it does need to go its hard to find doctor that takes it then when you do they charge the gov double what everything cost.as far obama i don't believe nothing he saids.

[AVGWarhawk]

No new taxes! Just raise the old ones!

You know what, they made the mess, they can figure out how to pay for it without my help! I missed my bail out so can the government. "Hi, we made such a mess of things we need your money to fix our screw up."

[TorpX]

A liberal (socialist) president wants to raise our taxes. Same old story. What garbage! They need to cut and cut deep. Also, they should adopt a much simpler tax code. Of course this would mean them giving up their power to manipulate us, so they will have to be forced to do this.


For the younger people who think raising taxes is a reasonable solution, I'll give you a short history lesson. Many times in the past, congress made similer budget deals to reduce the deficit. The Republicans agreed to sign on to some tax increases, and the Democrats agreed to sign on to some spending cuts. The idea was to get X cuts for Y taxes. What happened was that the tax increases went into effect right away, but the spending cuts were delayed. The supposed cuts came to be watered down, killed or were offset by new spending. End result - no deficit reduction.

Most of what the Fed spends is either wasted, or worse, even harmful to the nation. There is no legitimate reason why they can't make the neccessary cuts.

As UnderseaLcpl said:

We are running out of time. Estimates vary, but our interest payments will eclipse our taxable income soon enough that we should be concerned. No amount of taxation, no matter how well-intentioned, nor how wisely-spent, is going to fix the Supreme Mongolian Cluster-**** that is our Federal Government. We need to get right to the heart of the matter, and that means drastic cuts in federal spending and power.

Well put.