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RE: "We'll need to raise taxes soon" - 7/1/2009 8:03:48 PM
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yankeedoodled
Posts: 197
Joined: 5/29/2006
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Massive relentless unending spending followed by cries, ergo demands of massive tax hikes. It all seems so terrible obscure, eh ? Like looking through a dark glass, eh ?
It will all become terribly clear soon enough.
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RE: "We'll need to raise taxes soon" - 7/2/2009 9:16:45 AM
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2jsmom
Posts: 2608
Joined: 4/11/2005
From: The Midwest
Status: online
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I'm from Illinois and our former Governor tried to implement that here. It did not go over well.
The way it was explained to us, money would be taxed any time it changed hands. That means any business that produces income by high volume of sales with low mark up would be in trouble. It would also be disastrous for family farmers, driving up their expenses.
_____________________________
"Everybody is a genius. But, if you judge a fish by its ability to climb a tree, it will spend its whole life believing that it is stupid." - Albert Einstein
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RE: "We'll need to raise taxes soon" - 7/2/2009 11:06:27 AM
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mikeman2
Posts: 154
Joined: 9/23/2005
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quote:
ORIGINAL: EStan
Opinion piece here.
What exactly is a 'value-added tax'? Does this mean middle America will be paying  higher taxes?
Could someone please tell me why it is when they see Presidents like "W" and Obama spending us into oblivion people say nothing but as soon as someone suggests that we must raise taxes because of this spending they then begin to panic? THis is simply reaping what we have sown. The American people consistantly have voted for a nanny state so they should stop their bellyaching and just pony up and send their checks to Washington so they can take care of them. The American public has for too long been schizophrenic in that they want a nanny state but at the same time want lower taxes. Its like wanting a new kitchen and charging it to your credit card and then wonder why you have to pay more each time you charge your card.
Make no mistake about it, we are being pushed to the point of having to raise taxes or go bankrupt. No politician in the right mind will say they are going to raise taxes because they will not get elected. Instead, they will just continue on our current path until we have no choice. It will kinda be like the credit crisis. At first, people objected to bailing out Wall Street, however, after watching their retirments cut in half along the way they began to see things their way and conceeded. In short, the gun is being loaded and placed to our respective heads.
_____________________________
Man will occasionally stumble over the truth, but most of the time he will pick himself up and continue on.
-Winston Churchill.
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RE: "We'll need to raise taxes soon" - 7/2/2009 12:06:55 PM
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blessedinnyc
Posts: 2903
Joined: 10/12/2007
From: NYC by way of Chicago
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quote:
ORIGINAL: 2jsmom
I'm from Illinois and our former Governor tried to implement that here. It did not go over well.
The way it was explained to us, money would be taxed any time it changed hands. That means any business that produces income by high volume of sales with low mark up would be in trouble. It would also be disastrous for family farmers, driving up their expenses.
This is the same idea proposed by Huckabee to raise tax revenues. I don't see why it's a good idea when a Republican proposes it but a bad idea when a Democrat proposes it.
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RE: "We'll need to raise taxes soon" - 7/2/2009 12:11:43 PM
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EStan
Posts: 124
Joined: 7/27/2005
Status: offline
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quote:
ORIGINAL: blessedinnyc
quote:
ORIGINAL: 2jsmom
I'm from Illinois and our former Governor tried to implement that here. It did not go over well.
The way it was explained to us, money would be taxed any time it changed hands. That means any business that produces income by high volume of sales with low mark up would be in trouble. It would also be disastrous for family farmers, driving up their expenses.
This is the same idea proposed by Huckabee to raise tax revenues. I don't see why it's a good idea when a Republican proposes it but a bad idea when a Democrat proposes it.
it's a bad idea whomever proposes it.
_____________________________
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" - 7/2/2009 12:15:07 PM
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its_GO_time
Posts: 552
Status: offline
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quote:
ORIGINAL: blessedinnyc
quote:
ORIGINAL: 2jsmom
I'm from Illinois and our former Governor tried to implement that here. It did not go over well.
The way it was explained to us, money would be taxed any time it changed hands. That means any business that produces income by high volume of sales with low mark up would be in trouble. It would also be disastrous for family farmers, driving up their expenses.
This is the same idea proposed by Huckabee to raise tax revenues. I don't see why it's a good idea when a Republican proposes it but a bad idea when a Democrat proposes it.
Get your facts straight please. The Fair Tax, which Huckabee was promoting. if enacted, would eliminate the federal withholding tax, and all revenues would be collected via sales tax. The Enchanted Administration, however, would merley add this onto the pile of taxes we already pay.
_____________________________
"I believe the very heart and soul of conservatism is libertarianism." -Ronald Reagan
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RE: "We'll need to raise taxes soon" - 7/2/2009 7:25:32 PM
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rlj
Posts: 3855
Joined: 4/14/2005
Status: offline
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quote:
ORIGINAL: its_GO_time
quote:
ORIGINAL: blessedinnyc
quote:
ORIGINAL: 2jsmom
I'm from Illinois and our former Governor tried to implement that here. It did not go over well.
The way it was explained to us, money would be taxed any time it changed hands. That means any business that produces income by high volume of sales with low mark up would be in trouble. It would also be disastrous for family farmers, driving up their expenses.
This is the same idea proposed by Huckabee to raise tax revenues. I don't see why it's a good idea when a Republican proposes it but a bad idea when a Democrat proposes it.
Get your facts straight please. The Fair Tax, which Huckabee was promoting. if enacted, would eliminate the federal withholding tax, and all revenues would be collected via sales tax. The Enchanted Administration, however, would merley add this onto the pile of taxes we already pay.
Get the facts straight- the original income tax was 1 page. The Fair Tax is beyond 162 because of EXEMPTIONS. The Fair Tax is a joke and a waste.
_____________________________
Thbbbt!!!!
A video of our cat and kitten:
http://www.youtube.com/watch?v=_ycCndVNctA
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RE: "We'll need to raise taxes soon" - 7/2/2009 8:19:07 PM
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SonInMe1
Posts: 1886
Joined: 4/16/2005
From: my mom by God
Status: offline
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Taxation really isn't about taxes.
Its about our willingness to let the government take care of us.
The bible says a...MAN...shall leave his parents to start his own. In this increasingly socialist enviroment we are no longer MEN. We are little boys in need of the government teat.
It boils down to integrity and control of our fears. The bible also says...worry not for the Father will take care of us...it does not say daddy government will.
Time to grow up. Time to have our leaders encourage us to be independant and successful, not fear us into controlling socialism.
You wanted to be taken care of by the government by who you elected. Don't whine how much it costs...you bought it. Now you...and your kids...will have to pay for it.
If...you have a job. If...inflation does not steal your wages. If...you can afford the taxes. Yep you wanted it...
you got it.
_____________________________
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" - 7/3/2009 8:15:37 AM
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SonInMe1
Posts: 1886
Joined: 4/16/2005
From: my mom by God
Status: offline
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quote:
no matter which party is in power
...and that killed the republican party.
_____________________________
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" - 7/3/2009 8:27:31 AM
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its_GO_time
Posts: 552
Status: offline
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quote:
Get the facts straight- the original income tax was 1 page. The Fair Tax is beyond 162 because of EXEMPTIONS. The Fair Tax is a joke and a waste.
Regardless of the opinions of the Fair Tax, it would help, if people would not mistake Obama's VAT, with it; They are not the same thing, but I'm sure the Enchanted Administration would love for folks to think so, to get them on board.
My problem with the FT, is the 'prebate'. where low income people will get theirs back. Why? so we can start lotteries, sin taxes, and fees, to tax them in a back-door method? Oh wait, that's what we do right now. Then we have a situation where 40% of the non-payers, are crying out for more, from 60% of the producers.
_____________________________
"I believe the very heart and soul of conservatism is libertarianism." -Ronald Reagan
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RE: "We'll need to raise taxes soon" - 7/3/2009 8:36:15 AM
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rlj
Posts: 3855
Joined: 4/14/2005
Status: offline
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quote:
Regardless of the opinions of the Fair Tax, it would help, if people would not mistake Obama's VAT, with it; They are not the same thing, but I'm sure the Enchanted Administration would love for folks to think so, to get them on board.
Gotcha, and I highlighted what should have been more obvious to me.
_____________________________
Thbbbt!!!!
A video of our cat and kitten:
http://www.youtube.com/watch?v=_ycCndVNctA
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RE: "We'll need to raise taxes soon" - 7/3/2009 8:56:22 AM
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LizzieJ.
Posts: 257
Joined: 6/30/2009
Status: offline
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For a generation of people who give lip service to the idea that we love our children we have decided to leave them with
less opportunity to climb the prosperity ladder
more taxes
more debt
more governmental control over their lives
If that is what "good" parents do for their children I would hate to know what bad parents do.
We MUST stop voting for ourselves and think about our children's futures.
HOW we are taxed should not be our focus. Rather how much the government is spending. Attend you tea party tomorrow. Let Washington know we LOVE our children and will kick their sorry tails out of office if they don't stop wasting OUR money and destroying our Children's FUTURES.
VAT tax is a tax on top of our income tax in the discussion going on in Washington today.
When THEY SAY we need to raise taxes WE MUST SAY NO you MUST to cut spending, printing money, borrowing money from other countries and reduce the size of government!
California is a good example of what happens to people when the government spends too much money and grows too large.
< Message edited by LizzieJ. -- 7/3/2009 9:34:32 AM >
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RE: "We'll need to raise taxes soon" - 7/4/2009 2:04:10 PM
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yankeedoodled
Posts: 197
Joined: 5/29/2006
Status: offline
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How severely judgmental when G.W. was in office (and many still are) and yet you philosophical when the opposition takes over and does far worse. One might think brain activity has been suspended. 8 years of spending with 9-11 attacks included and now 4 times that spending in 3 short months. Must take a math teacher/professer to figure this one out, eh ? and of course of the stimulus bill the stimulus promises is near non-existent in the bill. 8 years x 12 months = 96 months in office, compared to 3 months in office and for times the previous 96 months spending. That would be if G.W. spent at that rate he would have to have spent 4,128 times the money he spent to equal Obama's rate of spending. CLARITY, EH ?
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RE: "We'll need to raise taxes soon" - 7/7/2009 1:00:46 PM
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LizzieJ.
Posts: 257
Joined: 6/30/2009
Status: offline
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quote:
So the rich escape their "oppressive" taxation (their real incomes have gone up 500% while the rest of our's have remained stagnant) while the poor break even or lose ground? Sounds fair to me!
Your proof for the part in bold?
Everything I am reading tells me their net worth has decreased making Federal tax revenues go down - meaning the government is going to come after "more of us with higher taxes" to make up for the shortfall.
from USAToday
"Federal tax revenue plunged $138 billion, or 34%, in April vs. a year ago — the biggest April drop since 1981, a study released Tuesday by the American Institute for Economic Research says.
When the economy slumps, so does tax revenue, and this recession has been no different, says Kerry Lynch, senior fellow at the AIER and author of the study. "It illustrates how severe the recession has been."
For example, 6 million people lost jobs in the 12 months ended in April — and that means far fewer dollars from income taxes. Income tax revenue dropped 44% from a year ago.
"These are staggering numbers," Lynch says.
Big revenue losses mean that the U.S. budget deficit may be larger than predicted this year and in future years."
___________
According to the CBO;
The top 1% of income earners pay about 32% of all income taxes
The top 5% pays 51.4%. all income taxes
The top 10% pay 63.5%. all income taxes
The top 20% pay 78% all income taxes
The bottom 50% pay 2.9% of all income taxes.
Where do you think the 44% drop in income tax revenues came from?
(CBO - Congressional Budget Office)
< Message edited by LizzieJ. -- 7/7/2009 1:20:07 PM >
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RE: "We'll need to raise taxes soon" - 7/9/2009 8:34:38 PM
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yankeedoodled
Posts: 197
Joined: 5/29/2006
Status: offline
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How severely judgmental when G.W. was in office (and many still are) and yet you philosophical when the opposition takes over and does far worse. One might think brain activity has been suspended. 8 years of spending with 9-11 attacks included and now 4 times that spending in 3 short months. Must take a math teacher/professer to figure this one out, eh ? and of course of the stimulus bill the stimulus promises is near non-existent in the bill. 8 years x 12 months = 96 months in office, compared to 3 months in office and for times the previous 96 months spending. That would be if G.W. spent at that rate he would have to have spent 128 times the deficent money he spent to equal Obama's rate of spending. CLARITY, EH ?
Corrected as one 4 too many.
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