Here come the tax hikes

[nevergaveitathought]

there will never ever be a clean break change to another system of taxation

there will only be additional streams of taxation

there may be a waning of one system in favor of another but the system of the income tax would remain to always be re-imposed in force or in part as desired

you can preach a consumption tax and its merits only to find you have been hoist with your own petard

some one here has wished social security and medicare done away with and then in the next breath wants forced withholding from paychecks for retirement savings and insurance and housing

I find that very curious

a dim bulb in here pronounces social security and medicare regressive when the opposite is true. the benefits under social security are skewed dramatically toward the lower wage earner as is, in practice, the "disability" portion. and medicare tax is on every dollar of earnings, that tax has no cap, and the medicare premiums once in the plan are increased with income, all the while the benefits under medicare are equal for all

there is no question higher earners pay into the plans for the benefit of lower earners

[oeb11]

Agreed - and well thought out - As usual, NGIT!

[WTF]

Originally Posted by nevergaveitathought

some one here has wished social security and medicare done away with and then in the next breath wants forced withholding from paychecks for retirement savings and insurance and housing

I find that very curious

Take that up with Tiny.

Originally Posted by nevergaveitathought

a dim bulb in here pronounces social security and medicare regressive when the opposite is true. the benefits under social security are skewed dramatically toward the lower wage earner as is, in practice, the "disability" portion. and medicare tax is on every dollar of earnings, that tax has no cap, and the medicare premiums once in the plan are increased with income, all the while the benefits under medicare are equal for all

The dim bulb is the SOB that does not know wtf a regressive tax is.

I do apologize for throwing Medicare in with SS. It is labeled as a regressive tax. Although your definition is valid too.

How about this. License fees, many sales taxes are regressive in nature.


https://www.cbpp.org/research/federa...-payroll-taxes

[lustylad]

Originally Posted by bf0082

I'm more of a Tax the fuck out of Corporations until they take their shit out of our Country and we can replace that market with small business.

Originally Posted by bf0082

...let the corporations die, they do nothing except remove resources from our country... their market share, whatever they do WILL BE REPLACED, they aren't the only game in town, small business will always be there to fill the void...

Corporations are unAmerican !

You obviously haven't thought this through very deeply. Did it ever occur to you that every mega-corporation started out as a small business? Have you ever pondered what factors propel a small business to grow into a medium-sized (do they still call them "middle market"?) firm and then a giant national/multinational company?

One possibility is they operate in an industry where there are significant structural "economies of scale". If so, then breaking up the big guys won't last. Those small businesses you seem to idealize will eventually coalesce and combine into large companies all over again. If they don't, big foreign corporations will quickly swoop in and eat their lunch.

[WTF]

Originally Posted by lustylad

You obviously haven't thought this through very deeply. Did it ever occur to you that every mega-corporation started out as a small business? Have you ever pondered what factors propel a small business to grow into a medium-sized (do they still call them "middle market"?) and then a giant national/multinational company?

One possibility is they operate in an industry where there are significant structural "economies of scale". If so, then breaking them up won't last. Those small businesses you applaud will eventually coalesce and combine into large companies all over again.

Did it ever occur to you to read up on the Sherman Antitrust Act?

https://en.m.wikipedia.org/wiki/Sher...st_Act_of_1890

[lustylad]

Originally Posted by bf0082

I'm more of a Tax the fuck out of Corporations until they take their shit out of our Country and we can replace that market with small business.

$2T tax revenue individual tax payers, all time low $180B from corporations.... smh

So I suppose you were in favor of keeping our corporate tax rate highest among all 37 OECD nations, thereby blunting our international competitiveness and undermining our attractiveness as a destination for foreign investment? How does that create jobs?

Here's a graph showing where we stood before Republicans cut the corporate rate in 2017:

[oeb11]

'liberals' ( aka DPST ) - understand not the consequences of their marxist tax and government proposals.
it is all about the ideology
marxism and anti - white supremacist/terrorists.

and - support for 'transexual' education in Pakistan.

[lustylad]

Originally Posted by WTF

Did it ever occur to you to read up on the Sherman Antitrust Act?

https://en.m.wikipedia.org/wiki/Sher...st_Act_of_1890

What's your point? Or are you too LAZY to elaborate?

From your own link:

The purpose of the Sherman Act is not to protect competitors from harm from legitimately successful businesses, nor to prevent businesses from gaining honest profits from consumers, but rather to preserve a competitive marketplace to protect consumers from abuses.


Did it ever occur to you to look up "economies of scale"?

Try to overcome your laziness long enough to do so. And try to remember your own link says it's not illegal to gain honest profits from consumers.

[WTF]

Originally Posted by lustylad

What's your point? Or are you too LAZY to elaborate?

From your own link:

The purpose of the Sherman Act is not to protect competitors from harm from legitimately successful businesses, nor to prevent businesses from gaining honest profits from consumers, but rather to preserve a competitive marketplace to protect consumers from abuses.


Did it ever occur to you to look up "economies of scale"?

Try to overcome your laziness long enough to do so. And try to remember your own link says it's not illegal to gain honest profits from consumers.

God Damn are you dense.


Do you fucking understand the end result of unadulterated capitalism?


Well, of course you don't.

That is why you do not understand wtf the Sherman Antitrust Act is.

Do you understand how fucked up the world becomes at each end of the extreme?

No of course you don't. You and simpletons like oeb think anyone debating the merits of say the Sherman Antitrust Act are Socialist or commies.

It is like talking to a extreme Muslim terrorist. You're unreasonable.

[winn dixie]

Originally Posted by WTF

God Damn are you dense.


Do you fucking understand the end result of unadulterated capitalism?


Well, of course you don't.

That is why you do not understand wtf the Sherman Antitrust Act is.

Do you understand how fucked up the world becomes at each end of the extreme?

No of course you don't. You and simpletons like oeb think anyone debating the merits of say the Sherman Antitrust Act are Socialist or commies.

It is like talking to a extreme Muslim terrorist. You're unreasonable.

Meltdown to follow!

Do you have to be so vulgar with your posting? Just asking politely.

[oeb11]

yes, DPST's rsort to default mode of communication when they ( per usual) have nothing cogent or constructive other than name-calling, profanity, scatology, and homosexual imagery ( that from teh party of "diversity , inclusion, and LGBTQ required for all"!

[WTF]

Originally Posted by winn dixie

Meltdown to follow!

Do you have to be so vulgar with your posting? Just asking politely.

It is a hooker board....I'm sorry if my profanity offends you

[WTF]

Originally Posted by lustylad

So I suppose you were in favor of keeping our corporate tax rate highest among all 37 OECD nations, thereby blunting our international competitiveness and undermining our attractiveness as a destination for foreign investment? How does that create jobs?

Here's a graph showing where we stood before Republicans cut the corporate rate in 2017:

Holy fuck Batman, more nonsense from lustylad!

Here is a goid read for those able to understand. It had some recommendations that we of course , did not follow!


https://hbr.org/2016/12/the-real-and...orate-tax-code

Reforms should also reduce the current tax preferences toward debt-financed investment, toward pass-through business income, and toward capital income relative to labor income.

[Unique_Carpenter]

Here's a thought.
Perhaps the corporate tax rates and the personal tax rates should be equivalent.

[Ripmany]

Originally Posted by Tiny

The wealthy in America get screwed by the income tax. They pay at much higher rates. Forty four percent of American "taxpayers" pay no income tax. The Republican TCJA in 2017 increased the percentage of Americans who pay no income tax:

https://www.taxpolicycenter.org/taxv...ral-income-tax

The top 1% of taxpayers pay 38.5% of the income tax. They pay at an average 27% tax rate compared to 4% for the bottom 50%:

https://taxfoundation.org/summary-of...income%20taxes.

This is all at the federal level. State income taxes on average are less progressive I think.

No true the top 1% pay next to nothing since there get special right off look at trump only paying $750 and bill gates cheritory.