What Taxing the Rich Could Yield

Why would it eliminate the IRS? Some agency still have to collect and enforce the income tax laws. I assume you are talking about a 17% federal income tax?

I don't think it would be politically feasible to tax all income at 17% because you have raised the effective tax rate on everybody but the top 1%. Making low income pay 17% on their entire income would be difficult.

One of the congressional proposals a few years ago would charge 17% on all income over $30,000 which could be raised to about $50,000 today for inflation.

Everyone should pay into the system. Even the po
 
No. It is not just about "working hard"

It is about working hard and making good decisions. How many times do you hear about a person of supposedly meager means who passes away only to leave millions to some charity? It isn't an accident. That person didn't stumble upon an inheritance. They didn't win the lottery.

Just the other day BoBo posted about some guy who just left $11 million to a charity. He wasn't "wealthy" by any means. But, he saved. He didn't lead an extravagant lifestyle.

Think about this. If you start work at 22 years of age and average $75,000 a year over the course of your working years, you will have earned $3.3 million over the course of your lifetime. Unfortunately, thanks to leftists the gobblement confiscates close to 50% of that through federal, state, local and sales taxes that you pay throughout your lifetime. The rest you have to try to live and save.

Imagine if the gobblement didn't confiscate so much of our wealthy "trying to help people"

How many young people do you know, who work, get their paycheck, and then blow it on electronics, fast cars, fancy clothes, jewelry, etc.??

But then they complain that they're always broke. :palm:
 
No. It is not just about "working hard"

It is about working hard and making good decisions. How many times do you hear about a person of supposedly meager means who passes away only to leave millions to some charity? It isn't an accident. That person didn't stumble upon an inheritance. They didn't win the lottery.

Just the other day BoBo posted about some guy who just left $11 million to a charity. He wasn't "wealthy" by any means. But, he saved. He didn't lead an extravagant lifestyle.

Think about this. If you start work at 22 years of age and average $75,000 a year over the course of your working years, you will have earned $3.3 million over the course of your lifetime. Unfortunately, thanks to leftists the gobblement confiscates close to 50% of that through federal, state, local and sales taxes that you pay throughout your lifetime. The rest you have to try to live and save.

Imagine if the gobblement didn't confiscate so much of our wealthy "trying to help people"

You're very adorable with that Koolaid on your lip!
 
Everyone should pay into the system. Even the po

Yes, I believe everybody should contribute something although the poor already contribute 7.65% payroll tax. But 17% is too much. And, as I said, you have raised taxes on everybody except the top 1% who already pay the most of any group at 24%. Every other category is less than 17%.
 
Yes, I believe everybody should contribute something although the poor already contribute 7.65% payroll tax. But 17% is too much. And, as I said, you have raised taxes on everybody except the top 1% who already pay the most of any group at 24%. Every other category is less than 17%.


Sorry, but the "payroll" tax doesn't cut it. Remember, that is for a defined benefit for the individual paying the tax, not to run the country. If we are going to have a fair an just society, no individual should pay a higher percentage of their income than someone else. This notion that just because you make more means you have to pay a higher percentage is rooted in jealousy and envy.

If someone earns $10,000 a year they will pay $1,700 in federal income taxes

There is a basic fundamental reason for making everyone be on the hook for federal income taxes. It makes it harder for Congress to raise taxes.

BTW, this notion that the poor should be exempt from paying income taxes is only since the late 80s and 90s. Even during the vaunted 50s where leftists love to extoll the virtue of the 90% marginal tax rate, the poor had a marginal tax rate of 20%. Yes, that is quite true. Leftists always seem to want to leave that important part of the tax code out.

Now personally, I think the flat tax should be no ore than 5%. And if I really had my way, we would scrap the income tax and have a national sales tax of 7% on ALL purchases except homes. It would have an immediate impact on gobblement spending because EVERY American would be hit in the pocket.

If you are serious about gobblement spending then the surest way to get it under control is to make more people responsible for paying the bill. In short, you must exterminate all leftists politically
 
Sorry, but the "payroll" tax doesn't cut it. Remember, that is for a defined benefit for the individual paying the tax, not to run the country. If we are going to have a fair an just society, no individual should pay a higher percentage of their income than someone else. This notion that just because you make more means you have to pay a higher percentage is rooted in jealousy and envy.

If someone earns $10,000 a year they will pay $1,700 in federal income taxes

There is a basic fundamental reason for making everyone be on the hook for federal income taxes. It makes it harder for Congress to raise taxes.

BTW, this notion that the poor should be exempt from paying income taxes is only since the late 80s and 90s. Even during the vaunted 50s where leftists love to extoll the virtue of the 90% marginal tax rate, the poor had a marginal tax rate of 20%. Yes, that is quite true. Leftists always seem to want to leave that important part of the tax code out.

Now personally, I think the flat tax should be no ore than 5%. And if I really had my way, we would scrap the income tax and have a national sales tax of 7% on ALL purchases except homes. It would have an immediate impact on gobblement spending because EVERY American would be hit in the pocket.

If you are serious about gobblement spending then the surest way to get it under control is to make more people responsible for paying the bill. In short, you must exterminate all leftists politically

No...it is not. It is rooted in common sense! You can look up "common sense" if you do not understand what the term means...which is more than likely the case.

And government spending IS NOT THE PROBLEM...at least not in the way you seem to think it is.

If anything, the government should be spending MUCH, MUCH, MUCH more. Our infrastructure is abysmal...and needs repairs and improvements in almost every way and place. Educational institutions need much more help...so that everyone can get the kinds of education needed during this transitional time. Healthcare spending must be massively increased, because we are fast heading toward third world status in our healthcare. (We are by far the richest nation on the planet, yet we rank 29th on access now!)

Mass transit needs an infusion of colossal amounts.

And this government that you so hate, IHA, MUST become the employer of last resort.
 
No...it is not. It is rooted in common sense! You can look up "common sense" if you do not understand what the term means...which is more than likely the case.

And government spending IS NOT THE PROBLEM...at least not in the way you seem to think it is.

If anything, the government should be spending MUCH, MUCH, MUCH more. Our infrastructure is abysmal...and needs repairs and improvements in almost every way and place. Educational institutions need much more help...so that everyone can get the kinds of education needed during this transitional time. Healthcare spending must be massively increased, because we are fast heading toward third world status in our healthcare. (We are by far the richest nation on the planet, yet we rank 29th on access now!)

Mass transit needs an infusion of colossal amounts.

And this government that you so hate, IHA, MUST become the employer of last resort.

You are wrong. You are a lazy fuck who wants others to take care of you. You think that hiding behind the power of the gobblement gives you a veneer of morality and credibility. It does not. You are a thief who wants other people’s money. That you demand gobblement do it make you no less a thief
 
You are wrong. You are a lazy fuck who wants others to take care of you. You think that hiding behind the power of the gobblement gives you a veneer of morality and credibility. It does not. You are a thief who wants other people’s money. That you demand gobblement do it make you no less a thief

You are a fucking asshole...one of the American conservative stooges who barely qualify as human.

I have been on my own since age 17 when I went into service. Other than unemployment a couple of times, I have never been on the dole in any way...nor have I taken government assistance. I am not looking for any other person's money.

WE...are the government...and we do not need people like you, I Hate America, suggesting that WE do not have social obligations.

WE do!

WE do need to spend more...MUCH more if we are going to continue to be the country we are...and the only way we can reasonably do that is to collect more in taxes.

I know, I know...morons like you have trouble seeing that.

Tough!
 
You are a fucking asshole...one of the American conservative stooges who barely qualify as human.

I have been on my own since age 17 when I went into service. Other than unemployment a couple of times, I have never been on the dole in any way...nor have I taken government assistance. I am not looking for any other person's money.

WE...are the government...and we do not need people like you, I Hate America, suggesting that WE do not have social obligations.

WE do!

WE do need to spend more...MUCH more if we are going to continue to be the country we are...and the only way we can reasonably do that is to collect more in taxes.

I know, I know...morons like you have trouble seeing that.

Tough!

Unemployment is assistance you dumb fuck.

Pay for your own shit you taker
 
You are a taker. You don’t pay all of it. Gubmint kicks in beeeeeyotch

You are a jerk-off, IHA.

You have been programmed by your masters to hate government (which means you hate America)...so you have to be excused. It would be like blaming a timer from going off.
 
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You are a jerk-off, IHA.

You have been programmed by your masters to hate government (which means you hate America)...so you have to be excused. It would be like blaming a timer from going off.

When did I ever say I hate government? I never said that.

I am just not like you who looks to gobblement to provide your every need and desire
 
When did I ever say I hate government? I never said that.

Right! You just call it gobblement because you have warm and fuzzy feelings for it.

Get the fuck off your bullshit, Jerk-off.

I am just not like you who looks to gobblement to provide your every need and desire

I have never looked to government to provide for my needs and desires. I have been taking care of myself for over 60 years, you Asshole.

But I understand. Your masters, the people who programmed you, included a command to hate government...so you do.

You are a USEFUL IDIOT to your masters. I do not blame them for laughing at you behind your back.
 
Right! You just call it gobblement because you have warm and fuzzy feelings for it.

Get the fuck off your bullshit, Jerk-off.



I have never looked to government to provide for my needs and desires. I have been taking care of myself for over 60 years, you Asshole.

But I understand. Your masters, the people who programmed you, included a command to hate government...so you do.

You are a USEFUL IDIOT to your masters. I do not blame them for laughing at you behind your back.

So tell me Frankie why do you think you can take care of yourself and others can’t requiring the gobblement to care for them?

Are you better than they are? Is it your white privilege?
 
Every time medicare pays for a viagra pill for some old fucker, it is that much less money society has to create opportunities for people who still have many decades of potential contribution to make to society. Our revenue is less of a problem than our priorities.
 
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