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RE: "We'll need to raise taxes soon" - 7/1/2009 6:00:13 AM
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_jjp_
Posts: 1815
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No silly, Obama promised us that no one making under $250,000 would see any tax increase.
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RE: "We'll need to raise taxes soon" - 7/1/2009 7:52:31 AM
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SonInMe1
Posts: 1886
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From: my mom by God
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Obama needs more tax dollars.
The best way to do that is to lower taxes....esspecially on the rich/business owners.
_____________________________
You adulterous people, don't you know that friendship with the world is hatred toward God? Anyone who chooses to be a friend of the world becomes an enemy of God.
James 4:4
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RE: "We'll need to raise taxes soon" - 7/1/2009 8:20:44 AM
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LizzieJ.
Posts: 257
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quote:
The best way to do that is to lower taxes....esspecially on the rich/business owners.
My husband is concerned that if taxes are rasied on Mr. R to much his commission will be cut down or worse yet they will give him a pink slip and hire two people to do his job paying them less them less than it cost Mr R to keep him on the payroll. My husband is fearful of being more productive!
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RE: "We'll need to raise taxes soon" - 7/1/2009 8:57:53 AM
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EStan
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quote:
ORIGINAL: LizzieJ.
quote:
The best way to do that is to lower taxes....esspecially on the rich/business owners.
My husband is concerned that if taxes are rasied on Mr. R to much his commission will be cut down or worse yet they will give him a pink slip and hire two people to do his job paying them less them less than it cost Mr R to keep him on the payroll. My husband is fearful of being more productive!
Perhaps Mr. Obama's goal is even wages for all, regardless of productivity. If everybody earns the same, nobody feels compelled to try harder.
_____________________________
Eternal Father, grant that through the tears of repentance I may see more clearly the brightness and glories of the saving cross.
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RE: "We'll need to raise taxes soon" - 7/1/2009 9:02:05 AM
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earthless
Posts: 5282
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quote:
ORIGINAL: EStan
Perhaps Mr. Obama's goal is even wages for all, regardless of productivity. If everybody earns the same, nobody feels compelled to try harder.
Yes
_____________________________
Probing Today's Religious Movements | Promoting Doctrinal Discernment & Critical Thinking | Providing Reasons for Christian Faith & Ethics
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RE: "We'll need to raise taxes soon" - 7/1/2009 9:14:49 AM
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phreddy
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A value added tax(VAT) is kind of like our sales taxes except the taxes are added at every stage of production that "adds" value. For a piece of clothing, it could be taxed when the cloth is weaved, when the cloth is treated and dyed and also when the garment is cut and sewed. It is basically a more expansive take on the sales tax.
I don't think a VAT would be bad if it replaced our income tax, but the article in questions seems to be suggesting this as an additional tax.
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RE: "We'll need to raise taxes soon" - 7/1/2009 9:23:43 AM
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EStan
Posts: 124
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quote:
ORIGINAL: phreddy
A value added tax(VAT) is kind of like our sales taxes except the taxes are added at every stage of production that "adds" value. For a piece of clothing, it could be taxed when the cloth is weaved, when the cloth is treated and dyed and also when the garment is cut and sewed. It is basically a more expansive take on the sales tax.
I don't think a VAT would be bad if it replaced our income tax, but the article in questions seems to be suggesting this as an additional tax.
Therefore, consumers pay more for that same piece of cloth - in the form of, let's say, a pair of denim jeans - and the additional revenue that has been added along the way from cotton thread to Levi 501s is collected by the federal government. Since I'm still making the same amount of money, a greater percentage of my take-home pay goes into the public coffers.
_____________________________
Eternal Father, grant that through the tears of repentance I may see more clearly the brightness and glories of the saving cross.
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RE: "We'll need to raise taxes soon" - 7/1/2009 9:28:54 AM
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LizzieJ.
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The less money you earn the greater the percentage of your income is going in taxes? 
My dollar will have less buying power? My lifestyle is going to be reduced even more?
(I guess that means rice with NO BEANS)
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RE: "We'll need to raise taxes soon" - 7/1/2009 9:48:33 AM
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phreddy
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The VAT is a comsumption tax, and yes, it will make goods and services cost more for the consumer. It is better than an income based tax that taxes savings and investment. Consumption taxes can be more regressive in nature if they tax necessities. However, you can control how much tax you pay by controlling your personal spending. Adding a VAT on top of our income taxes would not be good for the economy and it would just feed the spending junkies in Washington. It would not be that bad of an idea if it replaced our income taxes.
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RE: "We'll need to raise taxes soon" - 7/1/2009 10:01:27 AM
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Lapidoth
Posts: 5756
Joined: 4/13/2005
From: OKLAHOMA
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quote:
ORIGINAL: earthless
quote:
ORIGINAL: EStan
Perhaps Mr. Obama's goal is even wages for all, regardless of productivity. If everybody earns the same, nobody feels compelled to try harder.
Yes
Little Red Hen syndrome.
_____________________________
Why does He keep quoting Torah? Doesn't He know He's about to abolish it?
http://www.tedpearce.com/Videos/TheForgottenpeople.html
BARUCH HABA BASHEM YAHUAH
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RE: "We'll need to raise taxes soon" - 7/1/2009 10:16:45 AM
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LizzieJ.
Posts: 257
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quote:
However, you can control how much tax you pay by controlling your personal spending.
I can work as hard as I want. They only "zap me" if I try to enjoy the fruits of my labor?
If they add this to the income tax they zap me when I work hard and zap me when I try to enjoy the little left over? 
Don't we just LOVE this new President!
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RE: "We'll need to raise taxes soon" - 7/1/2009 10:19:04 AM
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Lapidoth
Posts: 5756
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From: OKLAHOMA
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quote:
ORIGINAL: EStan
quote:
ORIGINAL: phreddy
A value added tax(VAT) is kind of like our sales taxes except the taxes are added at every stage of production that "adds" value. For a piece of clothing, it could be taxed when the cloth is weaved, when the cloth is treated and dyed and also when the garment is cut and sewed. It is basically a more expansive take on the sales tax.
I don't think a VAT would be bad if it replaced our income tax, but the article in questions seems to be suggesting this as an additional tax.
Therefore, consumers pay more for that same piece of cloth - in the form of, let's say, a pair of denim jeans - and the additional revenue that has been added along the way from cotton thread to Levi 501s is collected by the federal government. Since I'm still making the same amount of money, a greater percentage of my take-home pay goes into the public coffers.
If we simply analyze it, it's taking away the "for resale" tax exemption.
I buy something and pay taxes on it.
I build something out of that and charge taxes on it.
My customer buys my product and pays taxes on it.
His customer buys from him and pays taxes on it.
So public Joe is paying taxes on taxes.
So, it's just more "hidden" taxes added to the hidden taxes
already in place. The government is always disguising the
ways they just dip into our pockets.
At least the sheriff of Knottingham just sent his thugs out
to take the peasants money away from them. He didn't
call it by fancy names to steal from the public.
_____________________________
Why does He keep quoting Torah? Doesn't He know He's about to abolish it?
http://www.tedpearce.com/Videos/TheForgottenpeople.html
BARUCH HABA BASHEM YAHUAH
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RE: "We'll need to raise taxes soon" - 7/1/2009 11:43:14 AM
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todd_t
Posts: 1880
Joined: 6/21/2006
From: The North Woods
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quote:
The best way to do that is to lower taxes....esspecially on the rich/business owners.
Bush did this twice (to my recollection) during his time in office, and the economy still tanked.
Contrary to what many righties think, tax cuts are not the magic bullet to cure all economic ills that they claim it is.
_____________________________
Hail Cthulhu
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RE: "We'll need to raise taxes soon" - 7/1/2009 11:59:12 AM
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EStan
Posts: 124
Joined: 7/27/2005
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quote:
ORIGINAL: todd_t
quote:
The best way to do that is to lower taxes....esspecially on the rich/business owners.
Bush did this twice (to my recollection) during his time in office, and the economy still tanked.
Contrary to what many righties think, tax cuts are not the magic bullet to cure all economic ills that they claim it is.
Todd, do you think Americans (some or all) should pay more taxes? Do you really believe this will help our economy?
As Phreddy stated, if this VAT is implemented, and I don't want to pay it, all I have to do is not buy anything. What does that do for our economy?
_____________________________
Eternal Father, grant that through the tears of repentance I may see more clearly the brightness and glories of the saving cross.
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RE: "We'll need to raise taxes soon" - 7/1/2009 12:20:33 PM
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_jjp_
Posts: 1815
Joined: 10/25/2007
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quote:
ORIGINAL: todd_t
quote:
The best way to do that is to lower taxes....esspecially on the rich/business owners.
Bush did this twice (to my recollection) during his time in office, and the economy still tanked.
Contrary to what many righties think, tax cuts are not the magic bullet to cure all economic ills that they claim it is.
But after the tax cuts the federal governments income increased to some of the largest in history. If just couldn't keep up with Bush's spending habits. How exactly is adding more taxes to an already failing economy going to make things better?
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RE: "We'll need to raise taxes soon" - 7/1/2009 12:22:41 PM
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_jjp_
Posts: 1815
Joined: 10/25/2007
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quote:
ORIGINAL: EStan
As Phreddy stated, if this VAT is implemented, and I don't want to pay it, all I have to do is not buy anything. What does that do for our economy?
It will not only decrease the buying power of the dollar but cause people to want to buy less since they would be penalized for it. So you will have people spending less which would hurt businesses worse and destroy the economy even worse.
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RE: "We'll need to raise taxes soon" - 7/1/2009 1:04:53 PM
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aslouie
Posts: 925
Joined: 5/15/2005
From: Los Angeles, CA.
Status: offline
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quote:
ORIGINAL: todd_t
quote:
The best way to do that is to lower taxes....esspecially on the rich/business owners.
Bush did this twice (to my recollection) during his time in office, and the economy still tanked.
Contrary to what many righties think, tax cuts are not the magic bullet to cure all economic ills that they claim it is.
'sounds like a prior thread I posted not too long ago--though I will only, ONLY go with higher taxes, PROVIDED they cut down on government spending; only then would it be possible to raise the dollar's value, and maybe--just maybe then, will lower taxes will work in the economy's favor... but then again, as I said before, I never had an econ class in all my academic life; go figure--as a product of the Los Angeles public school system! 
_____________________________
The future is always known, it's the past that's constantly changing.
--old Soviet-era, dissident joke
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RE: "We'll need to raise taxes soon" - 7/1/2009 1:06:21 PM
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aslouie
Posts: 925
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From: Los Angeles, CA.
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BTW: could this already be the beginning of Obama's first and last term in office (as some, if not many friends, pundits have been saying all along)? 
_____________________________
The future is always known, it's the past that's constantly changing.
--old Soviet-era, dissident joke
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RE: "We'll need to raise taxes soon" - 7/1/2009 2:29:44 PM
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LizzieJ.
Posts: 257
Joined: 6/30/2009
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He is trying to figure out what a comic book will cost if we have a VAT tax imposed on us.
I have a feeling fewer people will be able to afford one.
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RE: "We'll need to raise taxes soon" - 7/1/2009 3:21:16 PM
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earthless
Posts: 5282
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Hiyoh!
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