Posted on 09/15/2015 9:59:37 PM PDT by entropy12
She was talking about TDS’ers. Are you a TDS’er? If not then her comments don’t apply to you.
I don’t necessarily agree with that. 10% of my income at $30k was a tough nut. But when I was making $100k with kids in college, $10k was a tough nut too.
At that salary and higher your expenses tend to be higher. For example, suits cost more than work jeans. Because of our income we did not get as much financial for college. Property taxes were higher. Stuff like that is often forgotten.
In my town there are a ton of double $100k income families. 10% of their income is a lot of money. It’s the same proportion for everyone.
In the end these conversations end up being the start of class warfare arguments. A flat, across the board rate would be fair and everyone pays the same rate. My ten percent is the same cut as yours.
Just filed business taxes today. Took a huge loss. Accountant charge was $775 for 48 pages of wasted paper.
Next month personal taxes will also be upside down but now we’ll have to pay special “self employed” tax.
Small business is getting killed!
A job producer gets to deduct all business expenses. He/she is not paying tax rate on gross business income, but rather on NET business income.
Absolutely the right thing to do. People who make money need to have skin in the game. When people making under $30,000 are getting welfare from the gov't instead of paying taxes, their natural inclination is to keep voting for bigger gov't because there is no downside for them.
By the way, would you agree that this plan punishes success less than our current tax code?
But the rates he proposes are less than the 30 or 40 percent higher income earners pay now.
Nonsense.
From Day One, they will be hard at work DESTROYING it. Reagan’s 1986 reform didn’t survive five years.
"He works hard, and does whatever he can to pay the minimal amount of taxes to President Barack Obama."
As a consequence of Trump being a low-information candidate imo, he probably does not understand the following. The Supreme Court had clarified limits on Congress’s power to lay taxes. More specifically, state sovereignty-respecting justices had clarified that Congress is prohibited from appropriating taxes in the name of state power issues, essentially any issue, such as Planned Parenthood, which Congress cannot justify under its constitutional Article I, Section 8-limited powers.
“Congress is not empowered to tax for those purposes which are within the exclusive province of the States.” —Justice John Marshall, Gibbons v. Ogden, 1824.
Trump also probably does not understand that the reason that federal taxing and spending is so astronomically high is because the post-17th Amendment ratification Senate is not doing its job to protect the states as the Founding States had intended for the Senate to do.
More specifically, many generations of corrupt senators have not been killing unconstitutional House appropriations bills which Congress cannot justify under its Section 8-limited powers, bills which arguably steal not only 10th Amendment-protected state powers, but also state revenues associated with those powers.
The ill-conceived 17th Amendment needs to disappear, and corrupt senators and unconstitutional federal taxes along with it. Hopefully the next conservative president can lead the states to do what needs to be done.
Bttt
One of my good friends paid $350 for a fairly simple tax return, with pensions and capital gains and dividends.
Capital gains should not be taxed because over the long term, your gain is mostly inflation. I would go along with a simple transaction tax when you sell stocks, with no capital gains tax.
This is a “graduated flat tax?” As in, no deductions, no exemptions, etc.?
Exactly!!! Some of the biggest problems with income tax lie in the area “determination of income”. If one runs a small business, for example, all the schedules that feed into Schedule C can become a nightmare.
An end-user national sales tax makes much more sense to me. Exemptions for necessities, or maybe even a one time credit at the beginning of each year (sort of a tax debit card) are possible refinements.
Interesting, isn't it? The Trump Kool-Aid is so strong that conservatives who reject the liberal Trump are now considered "commies" and "clowns" by those supporting the liberal.
I have never understood how rejecting a liberal equates to communism or support for Jeb, or whatever else they can conjure up. It really is strange behavior.
I am sure Trump knows some very knowledgeable tax attorneys, constitutional experts (including Ted Cruz) and whatever experts he needs.
Trump does not run a multi-Billion dollar company single handedly. Reason he is successful is because he knows how to find good people to work for him.
I don’t think I’m a TDSer but I’ve been called one because I don’t support Trump because of his statement about Kim Davis, and his PP stance.
I’m a Cruz guy 100%
It punishes less, but this has always been one of my core issues, along with abortion, and 2nd Amendment rights, and I’m not willing to bend on any of them. If you’re not proposing a Fair, or Flat tax, I want nothing to do with it.
I won’t make the choice of the lesser of evils ever again. No matter who it is.
How many billions will be save eliminating wasteful government programs, downsized needless government departments, and pay reductions for millions of government bureaucrats? There is so much waste in government, we should be able to save 400 billion per year on that alone.
You’re right. But first things first. The kind of change you’re talking about would require a constitutional amendment if I’m not mistaken.
We won’t know for 3 weeks until the official release of Trump’s tax plan. However most flat rate tax plans have minimum deductions. May be like $xxxx for your children, and $xxxx extra deduction if married, or a senior.
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