
08-09-2016, 10:20 AM
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Quote:
Originally Posted by Guest
Apparently, you aren't the person that wrote the initial post. I think that you are the person that always uses the word libtard. When someone responses to you with facts, you always disappear. However, you are follow the same stupid path that he did. You are just another far right wing Republican that always has to tag everyone that doesn't agree with you as a liberal with their hands always out. In other words, you don't know anything about me.
I worked in management all my life. The only thing that I have received from the government is social security, and Medicare. My last year of college, I was supporting my wife, and a baby. I had 20 hours days between work, and college. We qualified for the WIC program. You try existing on 4 hours of sleep a night with a new baby in the house.
There is nothing wrong with the current tax rate system. The reason that I brought up the estate tax was that he said all things should be equal. I don't believe for one second that you shouldn't be able to pass your estate to your children. even with the graduated rates, the tax system as is benefits the rich, and powerful. The money that they are paying is coming from their disposal income, which they have a hard time spending now. You are talking about increasing taxes on at least 47% of the people in the U. S, most of which couldn't afford a tax increase.
I think Trump threw a number 45% of a two person working family sending their children to daycare. These people have very little, if any, disposal income. You are talking money out of their fixed expenses, and putting it in peoples' pockets that don't need it.
45% daycare, say 18% federal and 5% state income tax, and 8% SS, and Medicare, that is 76% in taxes. The only number that could drop is daycare. You think that this is a way to live, and work. It is great, if you don't intend eat. Maybe you can go out bare ass, so you can save on clothing. Maybe as an act of common decency, the government can provide people clothing. Of course, the clothing would all have to be the same, so we will know who the deadbeat freeloaders are.
Let's talk about a flat tax. The contention is everybody should pay the tax rate as if all things are equal. They are not. So, my post was to level the field. There has a graduated income forever. You don't change that overnight, and now say all things are equal. How do you make up for the past injustices by punishing the people that can least afford it?
The flat tax would have to be gross income with no deductions. Everyone, and everything has to be equal. That eliminates all the itemized deductions, and the child tax credit.
The housing market, and the stock market would collapse. It would be a lot worse than 2008. Banks and mortgage companies would look at the losses in 2008 as the good old days. The rich would lose more in the stock market than they would gain by having a lower tax rate. What do you say to people that need the mortgage interest, and property tax deduction, and all other itemized deductions to pay for the mortgage? Sorry! We have to give the rich more money. Sure, that would fly.
As far as the estate tax, the death tax is a term Republican's use demonize it. It affects 2 out of 1,000 people in the U.S. These people have excellent accountants, and attorneys. They are getting around a portion of the tax. If it is within the law, there is no problem. Don't go out there and give the impression that elimination of the estate tax will benefit everyone.
By the way, I gave my daughter, and my three grandchildren $125,000. as a down payment on a house. You don't have to wait until you die to help your children. They appreciate it more, when the gift is given when you are living. I guess when you said I was one of the needy ones, you hit the nail right on the head.
A flat tax will never happen. It is a beyond stupid idea. Simple solutions to complex problems never work.
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I wrote the original post and I have never called anyone a libtard but have been accused 100's of times. Recently I also asked how many people watched the speech? I even gave a link so you could watch it without doing anything but click. The speech was important for both sides to see and nobody here will take the time to look at it.
Hardly anyone reads.
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