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US Taxes---Who pays what.

Chico said:
We need someone to push for less taxes. That's been hard to get the last few years.
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How about a fair tax code and just plain on less spending and get that debt under pressure. Less taxes does not mean less spending and less debt.
 
I suppose know we wait to see how all this debt deal stuff shakes out. It'll be interesting to see if the DoD really takes it in the twins like it appears they may. I've got a mind about me though to think there is a way those cuts get bumped up to HHS, HUD, and EDU.
 
SFP said:
There are the working poor that earn so little that they can barley survive and let alone pay for health insurance. Those are the ones I'd like to help ..
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a couple things, SFP -- I don't deny there are poor people and we should help them -- but a lot of the help is currently going to people who make the median or more in income...

There is evidence that even you or I can see (such as driving Cadillacs, and cars with expensive chrome wheels that are worth more than my entire car, and shooting off $5000 of industrial grade fireworks) that some "poor" people are not as bad off as many think -- in fact many have income and don't report it nor pay taxes.

Plus, most of even the poorest people in this nation have cell phones, drive cars, have A/C and color TV, get a great opportunity for a good education, can freely go look for and get work, and still get money from the government or free food & housing.
If placed on a worldwide scale almost ALL of America's "poor" would be well above the world's median in both income and standard of living.

No matter how hard the government tries -- we will never make our "poor" into wealthy people. In order to get where I am today, I had to live for 12 years on less than the "poverty-level" income and doing "without" then still had to pay back massive loans.....
 
Isn't it around 50% of Americans don't pay income tax? You have to fix that somehow. AND if you pull a page out of the Reagan play book, give amnesty to illegals here, give them citizenship and tax them, that would help things a lot too.
 
http://wallstreetpit.com/80667-cons...e-september-2009-personal-incomes-barely-gain

uh oh -- more really bad news...

"Consumer spending" just dropped unexpectedly -- something that had not happened for the past TWO YEARS...
this is one of the most powerfull indicators that despite lower gas prices, despite that people have been fed the line that a recovery is on the way, and despite that this time of year with summer vacations and good weather -- people generally spend more...
but if this lower consumer spending lasts a couple months more, then layoffs and a way more dismal economic outlook will appear.

BUT WAIT -- there's more...
just when the news of "solving the debt crisis" makes some people feel better --
the leader in the senate, Harry Reid VOWS to jam higher taxes into the plan one way or another!!
Great -- that'll get people unloading their hard earned money!!
 
Wouldn't it be peachy keen to be an unelected official of the Federal Reserve, appointed and then reappointed by an astute elected official..and have a printing press in our basements running 24/7/365 printing 100 dollar bills, what a big shot we'd be...what fart smellers, what I mean..what smart fellas we'd be. And then we'll give the peons almost a zero percent interest rate and ruin the stock market to boot, WOW, we're so smart...what fart smellers we'd be...I meant smart fellas ya know. I remember my friends retired dad in the early 1980's telling us he was happy with the 10% he was getting on his 100,000$ CD.

http://www.pagetutor.com/trillion/index.html

Go Braves :)
 
new data today and even more coming tomorrow --
shows stagnant hiring, unimproved jobless claims, more housing slowdown, and suddenly the Dow plummets over 500 points -- one of the biggest single day crashes in history...

So wasn't solving the debt crisis supposed to have the exact opposite effect??
Not when the "crisis" was solved with a free reign for the administration to keep spending exhorbitantly and have an opening to raise taxes as well -- this is going to crush whatever chance there was of recovery...
 
LOL

Pretty sure no one honestly believed the debt ceiling raise was going to solve anything. All it did was upset markets while people sat there and waited for it to work its way out. If anything, the debate was a massive waste of time that could of been spent doing just about anything else and it would have been more productive.
 
ChewaBrave said:
LOL

Pretty sure no one honestly believed the debt ceiling raise was going to solve anything. All it did was upset markets while people sat there and waited for it to work its way out. If anything, the debate was a massive waste of time that could of been spent doing just about anything else and it would have been more productive.
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Nancy Pelosi even said as much! :-o Now that should just tell you what a joke the whole process was.

T - There are some families where both parents work at minimum wage jobs and cannot afford health care and are not the ones consuming beyond their means. They have enough from paycheck to paycheck to feed, cloth and put a roof over their kids, anything else would be pure luxury. There are those that abuse the system but there are also plenty of corporation that do the same. The easy answer to solve our problems are not answers that are politically savvy for most politicians. Cut all loopholes (Republicans believe that is like raising taxes), set a flat line tax code and lower corporate taxes (Democrats will yell that the policy is favoring the wealthy). I'm all for eliminating all forms of entitlement programs except for the young and very old. Arguing who is better the Republicans or Democrats is just a waste of time because both parties will do what it takes to stay in power regardless if it is the right thing or not. Oh and we could reduce the influence of special interest. The amount of money going into PACs from both parties will be astronomical this next election cycle.
 
ChewaBrave said:
LOL

Pretty sure no one honestly believed the debt ceiling raise was going to solve anything. All it did was upset markets while people sat there and waited for it to work its way out. If anything, the debate was a massive waste of time that could of been spent doing just about anything else and it would have been more productive.
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+1 Very well said.
 
SFP said:
Nancy Pelosi even said as much! :-o Now that should just tell you what a joke the whole process was.

T - There are some families where both parents work at minimum wage jobs and cannot afford health care and are not the ones consuming beyond their means. They have enough from paycheck to paycheck to feed, cloth and put a roof over their kids, anything else would be pure luxury. There are those that abuse the system but there are also plenty of corporation that do the same. The easy answer to solve our problems are not answers that are politically savvy for most politicians. Cut all loopholes (Republicans believe that is like raising taxes), set a flat line tax code and lower corporate taxes (Democrats will yell that the policy is favoring the wealthy). I'm all for eliminating all forms of entitlement programs except for the young and very old. Arguing who is better the Republicans or Democrats is just a waste of time because both parties will do what it takes to stay in power regardless if it is the right thing or not. Oh and we could reduce the influence of special interest. The amount of money going into PACs from both parties will be astronomical this next election cycle.
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We can agree to disagree on some issues, but I pretty much agree with 95% of your post. I think that if anyone sat in my job for a month, they would have their eyes opened as to the things that happen to good people that IMO could be prevented or improved with some legislation. I know it opened my eyes!!!
 
In all the discussions on the Hill about the budget and taxes, has anyone seen any mention about cutting Congressional salaries, their ridiculous pensions, their even more ridiculous health care insurance, and their shamefully outrageous perks paid for by the public?

Talk about "Golden Collar" jobs!

The Gov could also start with a 90% excise tax on any gross profits received by any Federal Gov politician/official from books, movies, songs, personal appearances they make cashing in on their political careers after they retire.

I am guessing these will only happen:

When Warren Buffett sends his first check to the Treasury for $1B from his personal wealth to help balance the budget

When President "Mr Open" Obama reveals where he is getting his record 2012 campaign funding from, or who he reveals who he entertains when he is not at the White House, but on non stop junkets/vacations around the world

When multi-millionaire entertainers/athletes who donate $$$ to Prez BO Campaign Fund send that money to the Treasury instead to lower the Federal Debt....

Funny how Obama torches the wealthy, but shakes down wealthy liberals around the world for multi multi millions in campaign funds which could be donated to the US Treasury to shore up the National Debt.
 
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