IWETHEY v. 0.3.0 | TODO
1,095 registered users | 0 active users | 0 LpH | Statistics
Login | Create New User
IWETHEY Banner

Welcome to IWETHEY!

New I was too terse.
I agree with all you said. With the caveat that someone making, say, $20k a year and trying to support a family doesn't need to be paying higher taxes to the federal government.

As a whole, the country needs to pay more, but we need to be selective.

For example, the mortgage interest deduction needs to be phased out. Capital gains taxes need to be increased. Other "tax expenditures" (which cost $1.2T per year) need to be carefully examined as well - http://www.americanp...enditures101.html

When politicians down here say "everyone needs to contribute" they're feeding the right-wing meme that low income people in the US don't pay taxes. They're wrong - low income people in the US do pay taxes, and they pay a larger percentage of their income in taxes than many other groups. They just don't pay federal income taxes if their income is low enough.

Making someone who earns, say, $20k a year pay higher federal income taxes isn't going to solve the federal budget problems. "Everyone" doesn't need to chip in - too many have suffered while the rich benefitted excessively over the last 30 years.

That's what I was getting at. :-)

Cheers,
Scott.
New So riddle me this
if they don't pay federal income taxes...and only taxing the rich is not a fix...and these downtrodden all need increased federal services...how do you propose this happens?

Or are you saying that the top 1% can close a 15T gap? (fat chance)
Sure, understanding today's complex world of the future is a little like having bees live in your head. But...there they are.
New Re: So riddle me this
You reply without understanding the words I have written. There's little point in me trying to explain myself better.

But here's a hint: The income to the US Treasury is made up of much more than individual income taxes. Bush's tax cuts weren't just income tax cuts. Capital gains, which dominate the income of many of the richest people in the country, are not treated as ordinary income.

http://mobile.salon....pholes/index.html

Cheers,
Scott.
New so?
they aren't "ordinary income", they're capital gains.

You just want them to be treated as ordinary income.

Until you do something like sell your house...or actually buy some stock for your retirement.
Sure, understanding today's complex world of the future is a little like having bees live in your head. But...there they are.
New You're not the Amazing Kreskin. <sheesh>
     Flashback time - (lincoln) - (24)
         question, by taxing at 100% of any money made over 250k - (boxley) - (23)
             <crickets></crickets> thought so -NT - (boxley)
             Not very long. -NT - (folkert) - (20)
                 wrong answer - (boxley) - (19)
                     Of course... - (S1mon_Jester)
                     There is no short-term "spending problem" - (Another Scott)
                     I gave you the answer you wanted. - (folkert) - (16)
                         IOW - (beepster) - (15)
                             Re: IOW - (Another Scott) - (10)
                                 About number three - (jake123) - (5)
                                     I was too terse. - (Another Scott) - (4)
                                         So riddle me this - (beepster) - (3)
                                             Re: So riddle me this - (Another Scott) - (2)
                                                 so? - (beepster) - (1)
                                                     You're not the Amazing Kreskin. <sheesh> -NT - (Another Scott)
                                 Evidence - (beepster) - (3)
                                     Re: Evidence - (Another Scott) - (2)
                                         No sir, you are changing the meaning. - (beepster) - (1)
                                             You're still no Amazing Kreskin. <sheesh> -NT - (Another Scott)
                             Re: IOW - (folkert)
                             More on 2) - (Another Scott) - (2)
                                 shocker - (beepster) - (1)
                                     he is one of Patrick's lesser brother's followers - (boxley)
             Nobody claims that alone will solve the deficit problem. - (Another Scott)

Nihil curo de ista tua stulta superstitione.
148 ms