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Originally posted by mybigunit
But as long as the top 1% continues to pay around 15% in taxes while I pay 33% then something is not right. So spread baby spread.
Oh I hope you enjoyed giving the 700+ billion in bailout dollars to the banks. That wasnt spreading wealth was it?
The latest data show that a big portion of the federal income tax burden is shouldered by a small group of the very richest Americans. The wealthiest 1 percent of the population earn 19 percent of the income but pay 37 percent of the income tax. The top 10 percent pay 68 percent of the tab. Meanwhile, the bottom 50 percent—those below the median income level—now earn 13 percent of the income but pay just 3 percent of the taxes. These are proportions of the income tax alone and don’t include payroll taxes for Social Security and Medicare.
Originally posted by jsobecky
reply to post by mybigunit
OK, so let's adopt a flat tax. Everybody pays 15%. How about that?
Originally posted by jsobecky
reply to post by mybigunit
Sounds good. I'll take the second seat, you be the Prez and take the heat. But I'll be behind you all the way.
Now, let's get working on an energy policy...
Originally posted by jsobecky
reply to post by mybigunit
OK, so let's adopt a flat tax. Everybody pays 15%. How about that?
Originally posted by jsobecky
reply to post by IAF101
We all know that our gov't has some socialistic practices. We are trying to stem the tide of those practices, and the seizure of private property and the punishing taxes that go along with total socialism.
Originally posted by jsobecky
Great!
Now a tougher one...what do we do about Social Security?
What do you think of the proposal to privatize SS?
Edit - it won't be long till we're told to take this to another thread.
Originally posted by nj2day
Originally posted by jsobecky
reply to post by mybigunit
OK, so let's adopt a flat tax. Everybody pays 15%. How about that?
I'm fine with that... the only concern I have is that it might be too much of a burden on the really low income families. Suppose you only make 200 a week... that means after taxes you only come home with 170 bucks (if we adopt your 15%)
$200 isn't really enough to live on... those $30 would be better spent on groceries, gas and other necessities.
I would completely support your tax idea, if we enabled our lower income families to get foodstamps for the value of the taxes paid out of their paychecks.
We'd also have to do the math on a federal level to make sure the 15% is enough to support our country... I currently pay in the neighborhood of 32% income tax... 15% might cut our federal funding short...
Originally posted by IAF101
Originally posted by jsobecky
reply to post by IAF101
We all know that our gov't has some socialistic practices. We are trying to stem the tide of those practices, and the seizure of private property and the punishing taxes that go along with total socialism.
Then why are so many people so afraid of the label "Socialist" like its being a Nazi or something ??
Socialism in its essence is about egalitarianism, whats so wrong about it that makes Americans cringe, especially when its been going on for decades ?
Are you saying that the Federal Government should not collect taxes, yet you expect them to keep America safe and maintain one of the most powerful military machines in the world ?? Even during the Revolutionary War, not everybody fought for free.
Also, do you want to stop practices like Social Security, Medicaid, Medicaid etc because they help the majority more than it helps the individual ?
Do you accept Americans starving to death on your block because the government would probably have to tax you to give them food stamps ?
Do you believe in the concept that "the needs of the many outweigh the needs of the few" ??