Both are evil if not balanced and reasonable. Excessive debt is unsustainable, you know this, or you should. We are paying the lowest taxes in 6 or 7 decades and are deeply in debt. We cannot get out of it by cutting spending alone. We have to use income and we can afford it. We paid higher rates in the 90's and the economy boomed and we were paying down the debt with surpluses. The conservatives are being dogmatic and ideological about taxes. And when the electorate does the math for what is going to have to come out of defense, social security, and medicare to achieve this, the republicans will not look appealing.
No, the argument against private jet tax credits is that the rich need no incentives to fly private jets, they do so anyway. Flat tax rates are something different, its a requirement, not an incentive. The whole idea of flat taxes is invalid if there are lopholes, credits, deductions and such to complicate it.
I understand, but those are decisions that you made, no one twisted your arm. And it makes you one of the 48% of the nation that doesn't pay any income tax. Too many deductions makes the burden heavy on those with fewer deductions. I'm not really complaining, I can afford it, juts pointing out the inequality. Flat taxes will not work if too many people are allowed to owe almost nothing. It upsets progressive taxing, too. The idea is that everybody pays something and in the same relative proportion to his income.
oh, well if you use the word "excessive" then is it is unsustainable. why not? the word is principled. lasalle, here is an example of where your hated republican party is doing something right, by refusing to raise taxes. and this is an actually important issue, unlike gay rights or whatever other nonenese you are always obsessing over.
Hey, a pension doesn't make you wealthy or make the bills go away, it just provides some income after retirement and I haven't retired yet. I get no Social Security. I've got a good job with benefits and several addition revenue sources because I made those decisions. I own timberland, rental property, and a consulting business, all paid off, that feed a respectable investment portfolio. That's where the wealth is. I might not have been able to do that if I'd chosen to fund a wife, reproduce, and put kids through college. I just don't see why the choices I made are less worthy than the choices you made, as far as the good of the nation is concerned. And I do, about 25%. That's what progressive taxation is all about. It's hard to draw a line between the rich and the rest. But tiering taxes by income is much easier. I don't mind paying more taxes than a poorer person. If I'm owing more taxes it means I'm making more money. But I object to someone making much more than me paying a lower tax rate just because 90% of his income is from investments and 90% of mine (and the rest of the middle class) is from salary and business income.
Hey dude, I got news for you. You made the decision to have a paid for house and be single. There is a reason people get tax incentives for having children. Society needs future members, but I'll make you a deal... if you pay 50% of my kids expenses I'll let you claim them as dependents. I will gladly pay the extra taxes. While you are at it, you can pay off my mortgage. I will pay those ectra taxes as well. A small sacrafice by red and society is enriched by supa. I pay taxes. About a quarter of my income is eaten up by taxes of various forms, though my effective federal income rate is a shade under 4% most years. Progressive taxing is not about everyone paying the same relative portion of their income. It means the almost opposite of that. It means those with more pay more and those with less pay less. That is exactly what our system does. The rich pay the highest effective rates. They shoulder a larger portion of the tax burden than they receive of income pie.
Go to this interactive budget graphic Obama?s 2011 Budget Proposal: How It?s Spent - Interactive Graphic - NYTimes.com Check it out, then turn off "Mandatory Spending" and check out the discretionary budget. Where are you going to make the cuts, Jack? Cuts big enough to pay down the national debt? Good luck. No, dogmatism and blind ideology are quite unprincipled.
no i clearly meant blacksalle. its not all the complicated. hang in there. Its because they are expensive. not because we need more dumb spawn inhabiting the planet. see what i mean. but im certain your kids will know this long before they are old.
