Quote:
Originally Posted by dellinger63
Fair Enough
I think a third of one's income is a fair enough cap for an income tax considering all of the other taxes one pays, State/Sales/Property/Utilities/Cable/Cell/Tolls/some casses City/
no matter what one's income is. Take out ALL deductions and allow those w/o access/means to a tax atty be on level ground with those that do.
I think the tax rates following WW II were obviously unique and using them as a justification to raising taxes today is disingenuous. We are not in a battle for our sovereignty
The Federal Government is involved far too much and being so big and clumsy can't help but trip over itself.
When our Federal Budget is $4 trillion and we have a total of 350 million people that comes to $11,400 per individual. Or for a family of 5, $57,000 per year! This is not sustainable no matter how much we tax the rich. When you consider roughly 150 million of the 350 million file taxes that yearly bill comes to $26,666 per person.
Pure and simple the government needs to be reduced by between 50%-70%
but that would require individual responsibility and that may be impossible to pull off.
The Sons of Liberty must be rolling in their graves with talks of 50% taxes what more 90%.
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your ideas aside, what do you think about romney's proposals, and how they add up? or don't add up? the facts remain, as frequent posts here have shown, that marginal tax rates are the lowest in decades and that the purported job increases haven't materialized with cuts in the wealthiests' taxes. the wealthiest are paying the lowest taxes in 80 years, yet job creation from those supposed job creators haven't materialized. meanwhile, debt and deficits have increased.
so, knowing all that, what do you think of romney's ideas?