"Fair Share"

[Riot]

Originally Posted by joeydb

Taxation is a legitimate mechanism for getting funds for essential service that are an expense for everyone. Not just an expense for some of the people - the ones who don't get the money.

What use, specifically, are you referencing?

Petitioning your government when 49.5% of the people don't pay any income tax is pointless.

Most of the people that don't pay any income tax are deemed way too poor by our society to have to pay federal income tax (although they all pay state and local taxes).

Many others who pay no tax are rich corporations and individuals that use current legal exemptions.

Yes, the tax code could be redone to eliminate exemptions.

Why should the recipient have as much say as the provider in an election? Of course he or she will vote to keep the checks coming, the math, budget, and impending implosion of the dollar be damned. So votes by the soon to be minority of income earners are meaningless.

Ah - you don't believe that all Americans are created equal. You are clearly in favor of, and defining, a plutocracy.

It is socialism - clearly.

No. We do not have "socialism". That's absurd. The government doesn't own your means of production, nor does it take your production. That's simply false. It's a dog whistle.

We also are fighting the private corporate ownership of government, the plutocracy of the "haves" over the "have nots", that you clearly desire.

You are doing exactly what the wealthy desire: you are complaining that "the poor", or "welfare queens" (note to jms, that is not a direct quote) have ruined this country. Wrong. Our country is owned by the wealthy, and we are barely hanging on to any semblance of "representative democracy" left in the face of massive attempts to profitize and privatize what's left of our earned benefits programs by the Republican Party (the Ryan budget, which throws this country into massive new trillions of deficit while removing all social safety nets and privatizing for profit all our earned benefits programs)

[Riot]

7/27/2011 Forbes Magazine
Why Do Some People Pay No Federal Income Tax?
Roberton Williams Roberton Williams, Contributor

Much has been made of the Tax Policy Center’s estimate that fully 46 percent of Americans will pay no federal individual income tax this year. Commentators have often misinterpreted that percentage as indicating that nearly half of Americans pay no taxes. In fact, however, many of those who don’t pay income tax do pay other taxes—federal payroll and excise taxes as well as state and local income, sales, and property taxes.

The large percentage of people not paying income tax is often blamed on tax breaks that zero out many households’ income tax bills and can even result in net payments from the government. While that’s the case for many households, a new TPC paper shows that about half of people who don’t owe income tax are off the rolls not because they take advantage of tax breaks but rather because they have low incomes.

For example, a couple with two children earning less than $26,400 will pay no federal income tax this year because their $11,600 standard deduction and four exemptions of $3,700 each reduce their taxable income to zero. The basic structure of the income tax simply exempts subsistence levels of income from tax.

What about the rest of the untaxed households, the 23 percent of households who don’t pay income tax because of particular tax breaks? We divided tax expenditures (special provisions in the tax code that benefit particular taxpayers or activities) into eight categories and asked which ones made the most people nontaxable.

The conclusion: Three-fourths of those households pay no income tax because of provisions that benefit senior citizens and low-income working families with children.Those provisions include the exclusion of some Social Security benefits from taxable income,the tax credit and extra standard deduction for the elderly, and the child, earned income, and childcare tax credits that primarily help low-income workers with children (see graph).

Extending the example offered above, the couple could earn an additional $19,375 without paying income tax because their pre-credit tax liability of $2,056 would be wiped out by a $2,000 child tax credit and $57 of EITC.



Those provisions matter most for households with income under $50,000, who make up nearly 90 percent of those made nontaxable by tax expenditures. Higher-income households pay no tax because of other provisions. Itemized deductions and credits for children and education are a bigger factor for households with income between $50,000 and $100,000. The relatively few nontaxable households with income over $100,000 benefit most from above-the-line and itemized deductions and reduced tax rates on capital gains and dividends.

Policymakers can argue about whether specific tax expenditures serve their intended purposes, whether restructuring them might improve them, and even whether we should have them at all. But they cannot argue that pruning them back or eliminating them all would result in every American paying income tax.

It’s also important to recognize that while tax expenditures push many people off the income tax rolls, they provide much larger benefits to higher-income households than to others, measured both in dollar value and as a share of income (see these TPC studies). Rather than focusing on how relatively modest tax breaks make many of the elderly and low-income workers with children nontaxable, we should keep in mind that high-income households pay a lot less tax than they would without tax expenditures.

[joeydb]

Flat Tax: no deductions, one rate for everybody, first "x" dollars (pick a number) in earnings exempt for everybody.

In future years, adjust "x" for inflation in accordance with some official statistic (CPI, inflation %, etc), but make it AUTOMATIC. No further intervention by Congress necessary except the compilation of the figure itself. And we must pick a number with good pedigree as a predictor.

The goal as I see it is to get to a simple equation rather than tens of millions of lines of tax code.

Everybody pays is as close to fairness as you will get.

Oh, and when you're out of money (this means the government), you're done spending. Period.

[joeydb]

Check out the article in National Journal:

Our poll numbers are very close to what was observed in theirs (as of Tuesday morning)

http://decoded.nationaljournal.com/2...-on-the-me.php

[Riot]

Originally Posted by joeydb

Flat Tax: no deductions, one rate for everybody, first "x" dollars (pick a number) in earnings exempt for everybody.

In future years, adjust "x" for inflation in accordance with some official statistic (CPI, inflation %, etc), but make it AUTOMATIC. No further intervention by Congress necessary except the compilation of the figure itself. And we must pick a number with good pedigree as a predictor.

The goal as I see it is to get to a simple equation rather than tens of millions of lines of tax code.

Everybody pays is as close to fairness as you will get.

Oh, and when you're out of money (this means the government), you're done spending. Period.

Joey: please tell me what flat tax rate we would need to assess everyone, to pay for what we have today, with no increase in government services - you can exclude the wars.

[Clip-Clop]

Originally Posted by Riot

Joey: please tell me what flat tax rate we would need to assess everyone, to pay for what we have today, with no increase in government services - you can exclude the wars.

Define 'fair' regarding taxes. Please include in your description; work and travel schedules, money earned annually, education received, years of service, and total employed (yup, I pay taxes on them too).
At what point in the year should taxes be paid in full assuming keeping nothing for oneself, utilizing the factors above.
How much is enough?

[Riot]

Originally Posted by Clip-Clop

Define 'fair' regarding taxes. Please include in your description; work and travel schedules, money earned annually, education received, years of service, and total employed (yup, I pay taxes on them too).
At what point in the year should taxes be paid in full assuming keeping nothing for oneself, utilizing the factors above.
How much is enough?

What do you think about your taxes being pretty near or at historic lows right now?

I'm not against a flat tax. I want to know what flat federal tax rate would have to be charged, on top of our state and local taxes, to maintain what we as a nation want to continue to provide us (excepting wars)?

Joey? What is that projected rate?

See, we have a major problem: our last president increased our expenditures massively, while decreasing our income massively at the same time.

Wow, how stupid, right? Now we're in severe financial trouble.

Cutting expenditures alone can't fix it. That's simply physically impossible. We need our "part-time" income level to go back up to "full time", where it was before the previous administration took a growing surplus and threw us under the financial burden of total fiscal irresponsibility and massive debt.

[joeydb]

Originally Posted by Riot

What do you think about your taxes being pretty near or at historic lows right now?

I'm not against a flat tax. I want to know what flat federal tax rate would have to be charged, on top of our state and local taxes, to maintain what we as a nation want to continue to provide us (excepting wars)?

Joey? What is that projected rate?

See, we have a major problem: our last president increased our expenditures massively, while decreasing our income massively at the same time.

Wow, how stupid, right? Now we're in severe financial trouble.

Cutting expenditures alone can't fix it. That's simply physically impossible. We need our "part-time" income level to go back up to "full time", where it was before the previous administration took a growing surplus and threw us under the financial burden of total fiscal irresponsibility and massive debt.

It's NOT impossible to cut expenditures to fix it. That's going to happen anyway. WE ARE OUT OF MONEY! We're about to have our credit card cut up and go out of business. You ought to be very scared of what it means when a country goes out of business.

It's impossible NOT to cut SPENDING.

[joeydb]

Originally Posted by Riot

Joey: please tell me what flat tax rate we would need to assess everyone, to pay for what we have today, with no increase in government services - you can exclude the wars.

I don't know - that remains for the equation. I can tell you that your rate will be the same as everybody elses - EVERYBODY. No more 49.5% not paying. You, me, and Warren Buffet and Bill Gates will all owe the same percentage.

We can't afford what we have today, and the moronic congresses and administrations of the past 100+ years made it that way.

You owe 1/300,000,000th of the debt, just like me. Time to pay up and quit whining.