No it won't. You can't raise taxes on a select amount of Americans, than increase welfare programs at the same time.

Tax increases should be spread across to everyone.

You shouldn't bitch about something you dont understand. If you happen to be in a low income family you would get a check back each month to make up for the tax you would pay on the necessary items you buy just to live. There for you only pay taxes on the extra things. Plus having this tax would eliminate taxes on business which would lower the price of everything so it would balance out and we wouldnt even really notice the tax. AND this would also solve the problem of illegal immigrants not paying taxes because in order to buy something they would pay a tax.

i think that this tax should be 36% split evenly between state and federal and then dump all other taxes in the country. with the exception of gas tax. and use that tax for what it is supposed to be used for, roads.

Reply By: Island DogPosted: Thursday, November 29, 2007 Yes it will reduce the deficit! No it won't. You can't raise taxes on a select amount of Americans, than increase welfare programs at the same time.Tax increases should be spread across to everyone.

Ability to pay MUST be part of any tax. I said we must FIRST balance the Budget and begin repaying the Debt BEFORE we commit to new social programs. Another problem with the Fair Tax proposal is that its supporters claim it is Revenue Neutral. If that is true, it will not solve the following issues:

The current annual Budget Deficit.

Repaying the $10 Trillion of Debt.

The Added money Social Security will require.

The Added money Medicare will require.

The Fair Tax as I have shown will be another tax cut to the wealthy because much of their income will be untaxed. If you consider an athlete who makes let's say $10 Million and spends a million on things that this Fair Tax would apply, they would be paying at the rate of 3% Tax. 90% 0f the income would not be taxed. The more you make the better the Fair Tax is to you while people who must spent 100% of their income will be screwed!

I contacted the Fair Tax group and asked then if their proposal would be applied to services as well as things. Like Legal and medical services as an example. I could not get a straight answer. What about things like repairs or the many other services? There is talk about eliminating the IRS. WHO would collect all this tax and handle it from Millions of companies. If it were to apply to services, the problems of both collection and how would average people afford such an added tax on things like medical expense or repairs must be addressed.

We need to keep the Progressive income tax and limit the allowed deductions to about two pages of basics. You take your total income (lines 7 through 19, from the 1040) and subtract an allowance (lets say $15,000 per person) for each member of your family, any un reimbursed medical or other losses, local and state taxes, mortgage interest on up to two homes, charitable deductions and then apply the tax rates to the balance. We should restore the higher rates on the two top brackets, retain the lower rates on the middle income tax payers and add a new tax bracket for those that have annual incomes over a million dollars after deductions of let's say 50%. We balance the budget, set aside about $200 Billion per year to pay down the debt, and use any additional surplus to increase the trust funds of Social Security and Medicare.

See, now THOSE parts of your plan I can agree with, Gene.

Reply By: Gideon MacLeishPosted: Friday, November 30, 2007 We balance the budget, set aside about $200 Billion per year to pay down the debt, See, now THOSE parts of your plan I can agree with, Gene.

I am glad however to accomplish that objective will take a lot more revenue then is currently being generated from the tax rates in effect. We have been willing to spend but unwilling to pay. A prime example is the Iraq War. In all other wars there was an increased tax to pay the added cost. Of the $4 Trillion dollars that Bush will add to the National Debt, about $1 Trillion is because of the Iraq war.

Another point is the cost of the war. I have said we have borrowed about a trillion dollars. I have also said the total cost of the Iraq War will be about $2.4Trillion. The difference is that total coat and the cost so far. Bush only uses what we have spent to date. However the following costs that will be paid AFTER Bush leaves office are also because of the war:

VA Costs $700 Billion

Equipment $200 Billion

Interest on the trillion we have borrowed-- $50 Billion per Year. In ten years we will spend another $400 Billion in interest.

That is a total of $1.4Trillion added to the $1 trillion and the result is the $2.4 Trillion overall cost. If we have not repaid the Trillion we borrowed over the next ten years, there will be even more interest!

LOL.  Gene, if people can afford iPods, TV's and all the other stuff I saw them buying last Friday, then they can afford a minimal tax if it's that important.

Just more class warfare on your part.

All the people that keep bitching about the wealthy need to get a new arguement. Why should they need to pay more in taxes when it is the lower income that uses more of the tax money with welfare, food stamps, medicare. If you dont like being in the lower income bracket do something to get out of it. Dont just keep bitching about the people who have.

Reply By: Island DogPosted: Friday, November 30, 2007 Ability to pay MUST be part of any tax. . Gene, if people can afford iPods, TV's and all the other stuff I saw them buying last Friday, then they can afford a minimal tax if it's that important.Just more class warfare on your part.

The amount spent on these items is not the issue- It is Housing, Food, Gas and other energy costs, health care and other insurance.

Reply By: ncjessicaPosted: Friday, November 30, 2007All the people that keep bitching about the wealthy need to get a new arguement. Why should they need to pay more in taxes when it is the lower income that uses more of the tax money with welfare, food stamps, medicare. If you dont like being in the lower income bracket do something to get out of it. Dont just keep bitching about the people who have.

Let me give several reasons:

First the wealthy got the BIG tax Cuts that were NEVER justified because there was no SURPLUS to return to them as Bush claimed.

Second they can afford to pay a little more for the benefit of the country that has enabled them to become SO WEALTHY!

We need to added money to balance the budget and pay down the debt!

What does income have to do with ability to pay? If a person makes a million a year, but has $1.1 million in debts and expenses he has LESS ability to pay than someone who makes $20,000 a year but only $10,000 in debts and expenses.

That's one of the many problems with class warfare arguments, it assumes people who make more money, have more expendable income.

It is the issue.  If America is so bad off as you claim, and peopel are so poor and need help, then the money they spend could be used to pay taxes, not for entertainment purposes.




Socialist gene.  Telling people what they should pay.

also telling them what they can afford without meeting them

I still think it's ironic that Gene thinks other people should be paying more than he is, because they make more... but he doesn't think HE should be paying more taxes than me, just because he makes more.

How has this country enabled me to be wealthy. I worked to get where I am. I paid fully for my education. I struggled and did everything possible to get where I am. I didnt get any help from the government. There are the few that just get lucky and dont have to work hard but for the most part the upper class and wealthy worked very hard to get where they are. They work just as hard as the lower class. It's not like money is just thrown at them. If you are in the lower class bracket you have a wide variety of programs that can help you. And how is that paid for. With tax money. So why should the people who dont need the help be made to pay for most of it?

this is what a liberal will say. because

I am the furthest thing from a liberal.

People keep saying thay we should keep the tax system that we right now. It obviously isnt working. And even if we raise taxes just on the rich it wouldn't go towards the deficit. They would just find something else to spend the money on. If we had the fair tax no one could get out of paying taxes. Including illegal immigrants.

Gene's biggest problem with the "fair tax" is it doesn't discriminate against "the rich". Bigots are always pissed off when they can't discriminate against their target group.

It would also put more control back in our hands. Why are there so many peole who think they should be carried through life and not have to do a damn thing. Its like with the health care situation. Why would you want to put your health in the governments hands. They have dropped the ball on so much what makes you think they could handle that. Have you ever been in a government run health clinic. It is horrible. We need to take control of our own lives and stop expecting other people to fix everything for us. If we have this tax then you decide when you pay it. If you really need that tv or ipod then you pay the tax but it will make you think twice about it and maybe people will start saving money. With this tax you would get a check every month to make up for the tax you pay on the neccasary things and the only thing you would pay taxes on is the stuff you really dont need but want.

Reply | Edit | DeleteReply By: ParaTed2kPosted: Friday, November 30, 2007What does income have to do with ability to pay? If a person makes a million a year, but has $1.1 million in debts and expenses he has LESS ability to pay than someone who makes $20,000 a year but only $10,000 in debts and expenses.

People with incomes in the 30-60K and have a family have very little ability to pay more taxes. ANYONE with incomes in the hundreds of Thousands or more can afford to pay a little more. If THEY HAVE DEBTS AS YOU SUGGEST THAT IS TOO BAD. No one needs to have debts like that. You never address the issue that there should not have been a tax cut for the wealthy because there was NO SURPLUS to return to them. Bush said because we had the surplus we were over taxing well now that we have a deficit we need that money back.

Reply By: ParaTed2kPosted: Friday, November 30, 2007Gene's biggest problem with the "fair tax" is it doesn't discriminate against "the rich". Bigots are always pissed off when they can't discriminate against their target group.

It gives another tax cut to the wealthy we can not afford!

Wrong again.

I seriously doubt you have any clue how anyone in that income range lives.

sorry you mis understood

the answer to your question is


because.

It shouldnt be the responsibility of the people who are in the upper class bracket to get this country out of debt. I have worked my way through every tax bracket and when I was in the lower under 60,000. With all the write offs and Earned Income Credit I ended up making more money back on my taxes then I paid in. Now when I was up to 100,000. I paid out 1800 a month just in federal and state taxes and maybe got back 3000 on my tax return. We pay plenty in taxes.