Mark K 2
Well-Known Member
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Just as I thought
- Thread starter Mark K 2
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Kevin Lang
Well-Known Member
Get Google to put its billions that it moved to the Bahamas into the ridiculous US tax system that it advocated for directly with its massive support for obama. They wanted the taxes but they work as hard as they can to avoid paying them. Kinda like Congress and obamacare...
Interesting ! And also proves a point, that we as Americans have lost control of our country. The citizens have little voice and Money is the only spoken language.
I agree that we should have a flat tax system...Lets say something like in the 12% to 15% range with no exemptions and no exceptions. Each individual would be allowed an exemption on the first $15k to $20k of income. No other exemptions or deduction would apply. No Mortgage Interest, not other Tax write offs, not Charity write offs, and no Medical write offs.
Businesses would be required to meet a similar requirement with severe restrictions on companies who shelter excessive profits to avoid taxes. Businesses would receive some tax credits only for hiring and keep more workers and paying them higher salaries. Corporations that pay executives more than 100 times more than the lowest salaried worker will pay more corporate taxes than one who pays executives less. Businesses and taxes should be structured to promote and advance all Citizens and workers, and not just the top executives.
Of course, for anything to work the American people have to win back the government from the politicians. That means term limits, Ethics, campaign reform, taking the money out of politics and reducing the power or banning political parties.
A recent survey shows that the majority (51%) of American voters are moderates on most issues, while only 21% are Liberals, and 28% are Conservatives. However every election we typically only have the most extreme Liberal and the extreme Conservative candidates to choose from....No wonder we complain that we only have a choice between the lesser of two evils.
....Rich
I agree that we should have a flat tax system...Lets say something like in the 12% to 15% range with no exemptions and no exceptions. Each individual would be allowed an exemption on the first $15k to $20k of income. No other exemptions or deduction would apply. No Mortgage Interest, not other Tax write offs, not Charity write offs, and no Medical write offs.
Businesses would be required to meet a similar requirement with severe restrictions on companies who shelter excessive profits to avoid taxes. Businesses would receive some tax credits only for hiring and keep more workers and paying them higher salaries. Corporations that pay executives more than 100 times more than the lowest salaried worker will pay more corporate taxes than one who pays executives less. Businesses and taxes should be structured to promote and advance all Citizens and workers, and not just the top executives.
Of course, for anything to work the American people have to win back the government from the politicians. That means term limits, Ethics, campaign reform, taking the money out of politics and reducing the power or banning political parties.
A recent survey shows that the majority (51%) of American voters are moderates on most issues, while only 21% are Liberals, and 28% are Conservatives. However every election we typically only have the most extreme Liberal and the extreme Conservative candidates to choose from....No wonder we complain that we only have a choice between the lesser of two evils.
....Rich
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This illustration also shows exactly why I get so mad when people want to tax "wealthy" people more, those making $100k or more or even $250k or more. That's not wealth. That is financially comfortable. Wealthy is when your family can't imagine thinking about money for generations. Small businesses are all but impossible to operate because any slight sniff of success and you're taxed at 40%. That is ridiculous. That 1%, okay, tax them at 40%, they won't even notice. Someone making $250k, they're going to notice $60k+ missing and it helps the government very little and hurts the middle class a whole lot. That's two full time employees they could hire.
Kevin Lang
Well-Known Member
Sadly if this is true than wealth must not last long as the Rockefellers couldn't even go 4 generations and Gates hasn't even gone one.
A universal sales tax at a low rate (like 1%) with no exemptions, combined with a return of the "American system" of tariffs on foreign goods to inspire the US states to compete for being the most business-friendly sounds like a good idea to me. I'm tired of the gov't declaring that it has the right to steal my income before I even get my hands on it. It reminds me of the concept of "prima nocta", as portrayed in that old Mel Gibson movie Braveheart.
