GOP forges deal on investor tax cuts

Gee, what ever happened to 'completely' ridding the US taxpayer of all these ridiculous and ever changing tax laws??? Oh, I forgot, it's not voting season, oh... yes it is.
Does anyone else realize that we don't need all these lawmakers?? and what we really need are lawUNmakers.

Here is the underlying problem, We keep electing people with law backgrounds. What does the US people thing they will get ??? More laws.

Right after the elections the tax laws will change

How much did you make last year ?

Send it in

wall street "ruining america one job at a time" Plant closings makes a companies stock go up what a system cut jobs slash wages ..up goes the stock price what a joke .Investers on wall street should pay more taxes not less

Personally, I'd be happy if we ALL (rich or poor) paid a flat sales tax of 15%.

If you're poor and you're buying groceries, pay your 15% tax.

If you're rich and you're buying that luxury boat, a house, a car, or whatever, you pay 15%.

Nobody cheats, and nobody has to worry about April 15th. But it'll never happen.

All these laws are made for the rich, so they can avoid paying taxes. It's about a bunch of b.s.

mad vet wrote:

Personally, I'd be happy if we ALL (rich or poor) paid a flat sales tax of 15%.
If you're poor and you're buying groceries, pay your 15% tax.
If you're rich and you're buying that luxury boat, a house, a car, or whatever, you pay 15%.
Nobody cheats, and nobody has to worry about April 15th. But it'll never happen.
All these laws are made for the rich, so they can avoid paying taxes. It's about a bunch of b.s.

Big corporations have not one, but a whole team of attornies who do nothing but squirm through tax loopholes to legally avoid paying taxes. Now, that's mind boggling---a big firm is willing to pay extremely high salaries to a dozen or so people because they are rewarded 10 times over in tax savings. We poor slobs who are salaried get taxed and have no loopholes to jump through. One thing about our complicated tax system, it keeps millions of attornies and CPA's in business. Your flat tax is a great idea but will never fly. I think if your proposal was ever adopted, though, the rate wouldn't have to be over 10%.

mad vet wrote:

Personally, I'd be happy if we ALL (rich or poor) paid a flat sales tax of 15%.
If you're poor and you're buying groceries, pay your 15% tax.
If you're rich and you're buying that luxury boat, a house, a car, or whatever, you pay 15%.
Nobody cheats, and nobody has to worry about April 15th. But it'll never happen.
All these laws are made for the rich, so they can avoid paying taxes. It's about a bunch of b.s.

I sure understand how you feel,but I must disagree with you entirely..
It looks as if you have absolutely nothing left over for the poor..
I feel sorry for the poor and you have the nerve to request them to pay the same amount as the rich...THat takes big nerves..Even President Bush has and shows more kindness..Hopefully you know a little mathmatics..

jeanine mengel luisiana wrote:

<quoted text>
I sure understand how you feel,but I must disagree with you entirely..
It looks as if you have absolutely nothing left over for the poor..
I feel sorry for the poor and you have the nerve to request them to pay the same amount as the rich...THat takes big nerves..Even President Bush has and shows more kindness..Hopefully you know a little mathmatics..

The poor are already paying taxes and, with sales taxes, etc. it amounts to more than 15% in many places throughout this great land. So, the proposal above may just be beneficial to many of America's poor.

Right now everyone pays in excess of 60% in taxes. In addition to your income tax there is taxes on business such as property tax, workman's comp, social security and taxes on raw products used, fuels taxes etc. All these hidden taxes are factored into the cost of doing business and who pays for it ??? the consumer. So even when poor people buy a pizza they are paying sales tax, employee taxes, property taxes etc.,,, it affects us all

I didn't even cover the "other taxes" called fees and assessments

AntiBushConservative wrote:

<quoted text>
The poor are already paying taxes and, with sales taxes, etc. it amounts to more than 15% in many places throughout this great land. So, the proposal above may just be beneficial to many of America's poor.

I surely respect you for your comments,but it looks as if there is some misunderstanding..
the individual wrote that all should pay 15%.Rich and poor.

So out of courtesy of the poor,I found and have a little pity for them
I wrote my comment..MAy I ask in all sincereity why would you demand
an individual who receives a pay cheque for $500.00 to pay 15% and the individual who receive 5,000.00 to pay 15%..Do you think it is fair for this individual who has it so hard to make a livelihood

Even if they made it as simple as a flat tax on consumption or a flat tax on income within a decade the tax laws would be written in a book 12 inches thick.

Congress incrimentally alters the tax code to suite their donors.

By the way,,,, the middle class is not one of them

mcgyver wrote:

Even if they made it as simple as a flat tax on consumption or a flat tax on income within a decade the tax laws would be written in a book 12 inches thick.
Congress incrimentally alters the tax code to suite their donors.
By the way,,,, the middle class is not one of them

well said, fellow middle-classer

jeanine mengel luisiana wrote:

<quoted text>
I surely respect you for your comments,but it looks as if there is some misunderstanding..
the individual wrote that all should pay 15%.Rich and poor.
So out of courtesy of the poor,I found and have a little pity for them
I wrote my comment..MAy I ask in all sincereity why would you demand
an individual who receives a pay cheque for $500.00 to pay 15% and the individual who receive 5,000.00 to pay 15%..Do you think it is fair for this individual who has it so hard to make a livelihood

Obviously, you've not been paying attention here, Canada. As it has been stated here, we currently (and here I mean the poor and middle class) pay more than 15% tax. In my state, which is one of the poorest in the country (and I don't live in IL as it states, but in Tennessee), we pay 11% in food tax.

I am currently unemployed, because Bush's wonderful economy drove my company bankrupt. Just down the hill from me is one of the richest men in Tennessee. He brags because his accountant saved him $80,000 this year in taxes.$80,000. That's nearly four years salary for anyone in this town. Now is that fair?

The flat tax I propose would cut out the loopholes that AntiBushConservative mentioned in his comments, and would not only be fairer for the poor than the current system, but would force the rich to pay their fair share rather than get away with not paying at all.

Believe me when I say I'm not trying to hurt the poor with my proposal, I'm trying to help them. But, it'll never fly, as we've pointed out. Why? Because the inmates (in Washington) have the keys to the asylum!!!

A flat tax may be fair to people that buy their food and whatever here in the US. We'll pay our 15% and that'll be it. What do you do with a US corporation that buys it's materials from overseas, builds it overseas, and then ships it here for sale? The sales tax would come from warehousing and distribution, that's it. That can't be fair to the rest of us.

Good question, Sugarland. These are details that need to be worked out. I don't have all the solutions, just the one, and while I'm married to the idea of 15% flat tax, I'm not in love with all its components. You bring up only one of a handful of problems that would need to be addressed, but at least I've proposed a theory. Flawed or not, it's still better than no solution at all. Perhaps one of the others has an idea about what to do about your proposal. Personally, I need some more coffee before I can tackle it. Thanks for making me think, Sugar.

jeanine mengel luisiana wrote:

<quoted text>
I surely respect you for your comments,but it looks as if there is some misunderstanding..
the individual wrote that all should pay 15%.Rich and poor.
So out of courtesy of the poor,I found and have a little pity for them
I wrote my comment..MAy I ask in all sincereity why would you demand
an individual who receives a pay cheque for $500.00 to pay 15% and the individual who receive 5,000.00 to pay 15%..Do you think it is fair for this individual who has it so hard to make a livelihood

The "first" X number of dollars could be exempt from ANY TAX just as it is now.For example, for the tax year 2005, a couple with 4 kids that had earned income wages of $30,000.00, they would have a TAXABLE INCOME of only $800 which would mean income tax of $81. however, this same couple would have what is called "earned income credit" of $1524 so, even if NO tax was withheld from their paychecks, the US government would send them a "refund" of $1343. This is some incentive for them to work rather than be on some type of welfare. So, you, see, this family living at or near the poverty level has to pay NO TAXES and actually gets money from the US government for having the gumption to work. Regardless of what you might feel or read elsewhere on these forums, we DO care about our poor and elderly (well, some of us do, anyway).

Good point, AntiBush. While your system may seem a bit complex, hand in hand with my flat tax proposal, it actually seems to work. Let's try it!