Republicans and Democrats love the tax code just the way it is. It allows them to pit us against one and other so they can maintain a voting “base”. F both parties.
DEFUND socialist collectives, foreign and domestic, FOREVER. There will be a surplus. Taxes will come down dramatically.
It matters not how they diddle and fudge with the tax code. If they don’t cut spending immediately and drastically, fiscal disaster is inevitable.
I understand the argument for this but wouldn’t that just turn SS into just another welfare program, I mean officially.
Or is that the idea?
Keep paying, our Social Security checks depend on it!!!!
In any ponzi scheme it pays to get in early!!!
As part of the deal we slowly phase out SS. The people on it stay on it and the people just about to retire. For people like me (age 50) they should provide a Roth where I can convert my IRAs without penalty and give up my claim on SS. Or provide a better IRA deal in place of SS without mandatory withdrawal, whichever people prefer. There will always be people with no retirement savings who will have to fall back on SS, but we need to incentivize people to save and keep those savings for future generations. The feds basically want everybody to spend now and damn the future.
This is the only tax a lot of Democrats pay
eliminate the payroll tax....ABSOLUTELY NOT!!!
the people have to realize that NOTHING is free. The payroll tax is your social security and I don’t want to pay for yours. There should also be a federal sales tax so that everyone is involved in paying for this fiasco that people voted for.If you are in favor of higher taxes on millionaires (I’m not) then pay higher taxes yourself. We cannot continue to borrow money from the Chinese, nor anyone else, to finance our day to day expenses. To borrow money to give away in the form of foreign aid is insane. Enough is enough...Obama wants to make it fair....either a flat tax or a sales tax but get rid of taxing income...it makes no sense whatsoever.
Why stop there? Abolish the estate tax, property tax, capital gains tax and tax on dividends and interest.
An idea for tax reform - stop spending so much
The author is HALF right, but does not take the logic to its just conclusion.
Repeal ALL income taxes and go to the consumption tax, the FAIR TAX and be rid of the failures of Keynesian economics once and for all.
Almost 10 trillion dollars is being spent by corporations OUTSIDE the US Tax system, end it all and those dollars come home the next day!!!!
If there is anything bipartisan about the political abyss called Congress, it is their universal love of taxes and the tax code. Throw it away!?? What has this guy been smoking??
“In addition, because the tax is capped at $110,000, it disproportionately reduces the take-home pay of lower- and middle-class Americans.”
These are the people that need start paying some taxes. It is them getting a free-ride, or so they think, that enables them to vote for higher taxes “on the rich”, which is anyone that makes more than they do.
That’s the some same reason I’d just love to go over the cliff (although I still don’t think the Republicans have the stomach for it) - it’s time the DEADBEATS and FREELOADERS started paying their share too...and millions will, if we go over the cliff.