Pawlenty picks panel to study taxes

This is an excellent idea. And, the Democrats have done little or nothing to help with the situation.

You wanna bet - more tax breaks for rich and sock the middle class?

Hmmmmm..a commission made up of Pawlenty supporters and business executives. I wonder what they'll come up with? Gosh, that's a tough one. I just can't imagine which direction they'll go!

Business dominated commission? Well you know what they're going to come up with...big tax breaks for businesses. And the loss of income to the state will be recovered by new taxes...ah...FEES to Minnesotans.

Well, let's not tell the readers who is on the panel. We wouldn't want them drawing their own conculsions, would we now.

Remember the businesses are the ones that provide the jobs. If libs decide to raise taxes, their next complaint are where are the jobs? You can't have it both ways and since Minnesota is one of the highest taxes states in the Union, this is for the best. For those of you think it will fall back on the middle class, they should lower taxes there and quit spending like it is a shopping spree.

Yes, Libertarian is right. We remember how the economy tanked during the ("lib") Clinton administration after he raised taxes on the wealthy. Thank goodness that the nation's economy is in the hands of GWB and his Conservative supply-siders: our nation's economic outlook has never been so bright.

Dan wrote:

Yes, Libertarian is right. We remember how the economy tanked during the ("lib") Clinton administration after he raised taxes on the wealthy. Thank goodness that the nation's economy is in the hands of GWB and his Conservative supply-siders: our nation's economic outlook has never been so bright.

LMAO!

So Dan would like to work his butt off to feed others. May I have some of your income then?

Oh how could , Dan, I forget how well the economy was doing during the Carter administration. I mean 90% income tax at the top bracket and it did so well for the economy.

What a scam! They will most likely decide that buisness should pay nothing. The rich should pay nothing and that earnings for the poor and middle class should be taxed at 40% or more because of the economic tricle down effect we will all be flush with cash. I say tax the rich people who make more than $50000 at 50% or higher and tax buisness profit at 50% and give the money to us middle class and poor people who soon will have our homes forclosed on and be eating cat food for diner. Cost of food are up 40%, cost of mortgages is up, cost of health goes up 20%+ each year. The rich are trying to starve us and make us die! Its time for a revolution!!!

Businesses provide jobs! Why do to libs always try to demonize them? I have never gotten a job from a poor person. The poor already don't pay any taxes. The ecomony is in the tank due to government intervention by both parties. Food prices are soring due to a well intentioned, but poorly thought out obsession with bio-fuels...again government intervention. Gas prices are through the roof becuase of goverment regulations.(Oh yes & evil big oil companies) I like the fact that business people are involved, while not perfect, most business people understand accountability for results. Government never seems to have be held accountable for what it does.

GHG wrote:

Businesses provide jobs! Why do to libs always try to demonize them? I have never gotten a job from a poor person. The poor already don't pay any taxes. The ecomony is in the tank due to government intervention by both parties. Food prices are soring due to a well intentioned, but poorly thought out obsession with bio-fuels...again government intervention. Gas prices are through the roof becuase of goverment regulations.(Oh yes & evil big oil companies) I like the fact that business people are involved, while not perfect, most business people understand accountability for results. Government never seems to have be held accountable for what it does.

Yes the world would be so clean and everyone would be rich if the government just went away and let buisness do what ever they wanted. PCB,s = good for $, one man would be rich and the rest of us poor but hey thats capitalizim. Is it really a great idea not to tax buisness, capital gains, or anything for rich people but to tax the poor and middle class more? Capitalism is great but when a company makes a bad bet who do they go to? The tax payer thats who. Rich people don't want to pay tax but they want the government to send them a check when Bear Stearns fails.

Sarah wrote:

Business dominated commission? Well you know what they're going to come up with...big tax breaks for businesses. And the loss of income to the state will be recovered by new taxes...ah...FEES to Minnesotans.

You got it right. It's done on the federal level, might as well gouge the middle class some more on the state level.

GHG wrote:

Businesses provide jobs! Why do to libs always try to demonize them? I have never gotten a job from a poor person. The poor already don't pay any taxes. The ecomony is in the tank due to government intervention by both parties. Food prices are soring due to a well intentioned, but poorly thought out obsession with bio-fuels...again government intervention. Gas prices are through the roof becuase of goverment regulations.(Oh yes & evil big oil companies) I like the fact that business people are involved, while not perfect, most business people understand accountability for results. Government never seems to have be held accountable for what it does.

Also worth mentioning is that bush didn't raise taxes for his occupation of Iraq, so they printed more money to pay for it. The value of US money decreases, so people turn to investing in the gasoline futures market driving up the price of gasoline. The republicans might actually want a democrat in the white house for 4 years, because the way the economy is tanking, it's likely to get worse in the future. Then you can blame the poor economy on the democrats and a republican can get elected in 2012. It happened with nixon. He devalued our currency to pay for Vietnam. Then Carter got elected and inflation was terrible. They blamed it on him and the republicans won in 1980

Mary wrote:

<quoted text>Yes the world would be so clean and everyone would be rich if the government just went away and let buisness do what ever they wanted. PCB,s = good for $, one man would be rich and the rest of us poor but hey thats capitalizim. Is it really a great idea not to tax buisness, capital gains, or anything for rich people but to tax the poor and middle class more? Capitalism is great but when a company makes a bad bet who do they go to? The tax payer thats who. Rich people don't want to pay tax but they want the government to send them a check when Bear Stearns fails.

I do agree with your point that Government should not bail out businesses for stupid risks that they take. However, please explain to me where you would get your lifestyle and money without a job? Goverment welfare? If government stepped out of the market completely and let people and business fail like they should, then we would not repeat stupid mistakes like the housing. Taxes should be the same all the way across the board (flat tax). I know that might mean you will pay more of you income but that is the only way to be "fair". Trust me the business and rich pay way more of the tax bill than the poor and middle class.

Mary wrote:

<quoted text>Yes the world would be so clean and everyone would be rich if the government just went away and let buisness do what ever they wanted. PCB,s = good for $, one man would be rich and the rest of us poor but hey thats capitalizim. Is it really a great idea not to tax buisness, capital gains, or anything for rich people but to tax the poor and middle class more? Capitalism is great but when a company makes a bad bet who do they go to? The tax payer thats who. Rich people don't want to pay tax but they want the government to send them a check when Bear Stearns fails.

Don't remeber saying NO government, just a lot less. Just like the people who demonize those of us who question how are taxes are spent. You get the "you don't think you shoudl pay ANY taxes" come back. Not true, just want some accountability so the people that actauly pay the taxes are not over burdened. It is pretty frustrating when the goverment creates the problem, then claims to be the only solution to the problem...makes no sense.

The truly poor do not pay taxes already. "middle class" depends on your defination. You are right, the truly rich (Obama, McCain, Clintons, Gore) do know how to get around taxes. It's those of us who earn a better than average, though not rich who bear the burden. At what point is it OK to question this without being demonized? Capitalism is not perfect, but FAR better than the socialism we are headed to.

I personally think that all forms of welfare (business subsidies, farm subsidies, personal welfare, socialized health care, and legislator pork barrel projects) should be eliminated. Everyone would probably pay 50% less in taxes by just getting rid of all the garbage. We do not need more tax money; we need legislators that believe in the constitution and the declaration of independence. We need leaders who will stop wasteful spending and give back the freedoms they have taken from us along the way.

Dan wrote:

Yes, Libertarian is right. We remember how the economy tanked during the ("lib") Clinton administration after he raised taxes on the wealthy. Thank goodness that the nation's economy is in the hands of GWB and his Conservative supply-siders: our nation's economic outlook has never been so bright.

Such prattle. The sky was blue during the Clinton adminstration as well, would you like to credit him with that as well?

Yeah, Clinton was soley responsible for the prosperity of the 90's. He was soley responsible for inventing the internet (oops, that was his VP wasn't it?) that spurred the dot com era (that consiquently burst the country into recession in the last year of his term).

Oh yeah, I forgot. Clinton was also soley responsible for the 85% appreciation rate in the housing market between 1994 and 2002 (which also consequently burst in 2006 causing our current economic crisis).

Little minds that can't associate economic trends with an appropriate market source or policy implementation always seem to spout of completely inaccurate and completely uninformed comments. They really serve to do nothing other than expose themselves as the ignorant souls that they are who desparately rationalize their political ties when it's quite obvious that they are selfishly motivated and not in the least bit honorable or geniune.

More crudley put, shut your pie hole dunce.

Look folks,

The size of government and the spending that it generates at both the federal and state levels is completely out of control and has driven taxes to one of the highest in the world.

The only reason that the US is not officially ranked as the highest tax country in the world is because our crafty elected officials (from both parties) have spent the better part of 30 years growing tax revenue with hidden taxes instead of increasing the income taxes. The following article from the tax foundation (a well respected government watchdog agency that has been around since the 1940's) clearly lays out the problem of hidden taxes.

http://www.taxfoundation.org/commentary/show/...

Those on the liberal side of the political spectrum will undoubtably discount this information without evening reading the article.

Tax Freedom Day (another Tax Foundation Program) is another great example of the run away tax burden in this country. Basically, Tax Freedom Day identifies how many days from Jan 1 the average american has to work to pay their total tax burden (All taxes from income, to gas, to exise. All Taxes).

The first observation on tax freedom day relates to the above link on hidden taxes. Basically, the tax foundation with there substantial resources pour over mountains of government information regarding taxes and the best they can do is ESTIMATE taxes because our officials have done such a great job of making it impossible to know how much we pay in taxes. Obviously it's hard to be outraged over that which you are unaware of.

The second observation on tax freedom day is that the average american pays over 30% of their income in taxes each year. That's right. I said the AVERAGE American pays OVER THIRTY PERCENT of their income in taxes. When you look at the income brakets that percentage quickly rises and significantly. Households (not individuals) making more than 85k pay over 50% of their income in taxes. That's right. I said OVER FIFTY PERCENT.

Come on folks. Where does it stop.