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Originally posted by rickymouse
If businesses have control, what do we need congress for.
Originally posted by neo96
Facts Are Stubborn Things -- The Graphed Truth About the Debt & Spending
Yep facts are stubborn things that can't be argued like that more people in this country at this moment are getting paid by tax revenue than paying tax revenue which is the source of all our economic "woes".
Current entitlement spending is 2.2 trillion dollars over 100 million Americans or 1 in 6 are on the government dime.
The Us government is the largest healthcare provider in the country.Medicare,Medicaid 75 million/50 million with 30 million new people added to the dole via the care act/
The Us government is the largest retirement fund manager in the country.;Social Security
The Us government is the largest provider of mortgages in the country; Fanny and Freddy
The Us government is the largest education provider in the country that has a debt of over 1 trillion dollars
That is the truth about spending that all has destroyed wealth, that has added to the debt because some people actually believe they can live beyond their means.
Originally posted by hotpinkurinalmint
reply to post by charles1952
The tax code used to be quite simple and very similar to the flat tax everyone is proposing. There were two problems. The first was special interest groups placed and continue to place all sorts of exemptions and credits into the code.
The second problem, was a flat tax is too simple. Sometimes it leads to harsh results to the taxpayer and more often it allows people to cheat the system. There are elaborate provisions in the code to prevent cheating the system or harsh results the the taxpayer. A flat tax is inadequate to tax income that comes from elaborate transactions or complex.
For all those who advocate a flat tax, tell me how the flat tax will treat the following transaction
1. Taxpayer owns 10% of an LLC. Taxpayer purchased his 10% stake by contributing $50,000 in cash and receiving the remainder as equity compensation for the work taxpayer performed for the LLC. The LLC purchased a building for $1,000,000. The LLC then sold the building for a $1,500,000 note that is to be payed off over a term of 10 years at 6% interest. The LLC distributes to the taxpayer $90,000 a year. Taxpayer is expected to gain a greater interest in the LLC as compensation for his labors before the note matures.
Originally posted by neo96
Facts Are Stubborn Things -- The Graphed Truth About the Debt & Spending
Yep facts are stubborn things that can't be argued like that more people in this country at this moment are getting paid by tax revenue than paying tax revenue which is the source of all our economic "woes".
Current entitlement spending is 2.2 trillion dollars over 100 million Americans or 1 in 6 are on the government dime.
The Us government is the largest healthcare provider in the country.Medicare,Medicaid 75 million/50 million with 30 million new people added to the dole via the care act/
The Us government is the largest retirement fund manager in the country.;Social Security
The Us government is the largest provider of mortgages in the country; Fanny and Freddy
The Us government is the largest education provider in the country that has a debt of over 1 trillion dollars
That is the truth about spending that all has destroyed wealth, that has added to the debt because some people actually believe they can live beyond their means.
The Us government is the largest healthcare provider in the country.Medicare,Medicaid 75 million/50 million with 30 million new people added to the dole via the care act/ The Us government is the largest retirement fund manager in the country.;Social Security The Us government is the largest provider of mortgages in the country; Fanny and Freddy The Us government is the largest education provider in the country that has a debt of over 1 trillion dollars
Originally posted by IsThisThingBugged
reply to post by pajoly
See this is the problem I have with this... HOW CAN government count money that Americans are allowed to keep as adding to the debt?!
The bush era tax cut was never the governments money it's OURS dangit. So how can they accuse this program of adding to the debt?! That's typical big government BS! It's our money!edit on 28-8-2012 by IsThisThingBugged because: (no reason given)