Bachmann pushes everyone-pays income tax plan

Yes, but who would pay more?

Nation of Imbeciles wrote:

Yes, but who would pay more?

The 50% of tax filers who pay ZERO, that's who.

They all need to get a clue, the money belongs in the private sector not in the pockets of tax collectors. That way jobs are created, business booms and people can afford taxes and perhaps save a dime or two. It does not work the other way around when money is sucked from the private sector. Fricking government is way too bloated and needs to be downsized, it eats everything in sight.
They tax your phone bill, the gas pump, etc. or the call it a fee, etc. It's an obamanation.

I like some of the small details that Bachmann
has given so far.
Just waiting to see her put forward a more
detailed plan.
I home it is sesible fair and simple and
true tax code reform.

I strongly believe that our current tax code is a joke.
The tax code is to raise the basic revunue required
for the Federal government to provide the services
with in the its Constitutional limits.

Now we have tax code that half of America has no
Federal income tax liability and many large
global corporation have a unfair tax advantage over
their smaller competition.

The tax code is not for the Federal government
to pick winners and losers or it to used
as tool to control our behavior.

Iam very much a stunch Conservative...who
is very disappointed in some of the GOP primary
candidates tax code plans.

It is nice to see that Bachmann is talking
about ending the Earned Income Tax Credit.
That is nothing but pure welfare in our current tax
code...and it needs to be stop...GOOD FOR BACHMANN

Newt's plan continues the Earned Income Tax Credit
in his plan.

Perry and Newt's tax plans are not what
I would consider a true Flat Tax...in my opinion.

And I think they have offered precious little
in the way of any real budgets cuts.
Very concerned about some of these so called
Conservatives in the primary race.

Nation of Imbeciles wrote:

Yes, but who would pay more?

Going by what I have heard Bachmann say before.
I would say the People and some business that already have a zero
Federal income tax liability, would be the ones to
start sharing in the tax burden.

I would say if you do that and reduce federal spending, you could
then lower the rates for those of us that have been paying
all a long.

To flaten the rates and broaden the tax code and simplify it.
It removes the power of the government to control our lives
and our business decisions.

Pery and Newt are trying to pull a fast one the American people.
Their tax plans are a joke.

Bachmann has always said the fact that half of the people
that dont have to pay federal income taxes...is wrong.
My guess would be those would be the ones that she would target.

Perry and Newt's plan would only add to the number of people
that are exempted from Federal income taxes.
And with no real budgets cut offered....and they wont.
The debt will only grow more.
And Perry plan...only lowers the corporate taxes to 20%,
that will do precious little to help with jobs.
We need the corporate taxes as low as possible...I kinda think
around 5%...would help.

Wartime V wrote:

<quoted text>The 50% of tax filers who pay ZERO, that's who.

Precisely, stupid shit and that 50% isn't stupid and will vote to protect their status.

A last ditch effort from Bachmann. She knows she's done without a pile of donations.
Announcement she is dropping out by the end of the year.

Wartime V wrote:

<quoted text>
The 50% of tax filers who pay ZERO, that's who.

Republican horsehockey.
The highest earners need to pay more taxes.
My tax rate cripples me. I have to make decisions on how to spendmy money based on what I must pay for taxes.
SO should the wealthy. They should have to pay enough to sting a little too.
If my tax rate affects my daily life, then so should the tax rate onthe rich, and on corporate America.

And...
If corporations are people, then thye should file a Corporate tax return, and a personal tax return.
Then they can use waht is left to buy politicians

Most of the 50 percent with no tax liability have no income or their income is below the poverty level. So you "conservatives" can suck it. Tax the money not the individuals. If you have 90 percent of the wealth and income you should pay 90 percent of The taxes. If you have .00001 percent of the wealth you should pay .00001 of the tax. How's that for progressive?

poorboy wrote:

Most of the 50 percent with no tax liability have no income or their income is below the poverty level. So you "conservatives" can suck it. Tax the money not the individuals. If you have 90 percent of the wealth and income you should pay 90 percent of The taxes. If you have .00001 percent of the wealth you should pay .00001 of the tax. How's that for progressive?

Sounds like a flat tax to me. Not very "progressive" but I like it.

By the way, 50% of Americans are not below the poverty line.

I'll gladly pay a 50% income tax if my company wants to pay me a $5,000,000 bonus for tanking the economy. Just saying.

==========
We are the 99%!
==========
If tax cuts create jobs...where are they? IT'S BEEN 10 YEARS!
==========
The right HAS become deranged.
==========

I'm always amazed when I see a "Fair Tax" bumber sticker on the back of a old car. This tells me the probably driver has no clue what what a fair tax is or how it will affect him.

A large percentage of the middle class live paycheck to paycheck. They usually spend everything they earn on living expenses. So, in reality, if there were a national sales tax the middle class would pay tax on 100% of their earnings.

Upper income people usually do not spend everything they earn on living expenses. Much of their income goes into savings, stocks, and investments - things that would no longer be taxed under most fair tax plans.

That poor, misguided guy driving the old car and spending his paycheck to feed his family, buy gas and get his kids' school clothes thinks a fair tax would be "fair". But fair is just a perception based on who you ask. When most of us realize we're paying tax on every nickel and dime we spend to survive, I think we may find ourselves sadly disappointed and feeling very duped..

Sick of Stupid wrote:

<quoted text>
Republican horsehockey.
The highest earners need to pay more taxes.
My tax rate cripples me. I have to make decisions on how to spendmy money based on what I must pay for taxes.
SO should the wealthy. They should have to pay enough to sting a little too.
If my tax rate affects my daily life, then so should the tax rate onthe rich, and on corporate America.
And...
If corporations are people, then thye should file a Corporate tax return, and a personal tax return.
Then they can use waht is left to buy politicians

Great post, but I still won't believe corporations are people untill Texas executes one.

Henry Valters wrote:

A last ditch effort from Bachmann. She knows she's done without a pile of donations.
Announcement she is dropping out by the end of the year.

I hope she can hang in there.
I kinda think she is one of the honest and principled candidates
in the race.

Your Ex wrote:

<quoted text>
Great post, but I still won't believe corporations are people untill Texas executes one.

Just give them time.
As soon as they can find a mentally retarded corporation, they will put it down...
For the betterment of America.

Nation of Imbeciles wrote:

Yes, but who would pay more?

ask yo CPA trying to figure out! Greece + Glowball =_______!;-0

Sick of Stupid wrote:

<quoted text>
Republican horsehockey.
The highest earners need to pay more taxes.
My tax rate cripples me. I have to make decisions on how to spendmy money based on what I must pay for taxes.
SO should the wealthy. They should have to pay enough to sting a little too.
If my tax rate affects my daily life, then so should the tax rate onthe rich, and on corporate America.
And...
If corporations are people, then thye should file a Corporate tax return, and a personal tax return.
Then they can use waht is left to buy politicians

The very fact that the tax code has
crippling affect on you....clealy says there is a problem with code.
I can relate to how you feel...my tax rate is way too high as well.
But to simpley say the wealthy should pay a high tax rate...is not the answer.
What we need is tax code reform.
Low rates for everyone.
A simple tax code.
And one that does penalize or reward for
personal life or business decisions.
And the same rate for everyone....everyone pays.

If we really want to limit the influence on our
political leaders....then a tax code that applies
some of the principles or goals that I listed would
do just that.

Nation of Imbeciles wrote:

<quoted text>
Precisely, stupid shit and that 50% isn't stupid and will vote to protect their status.

here's hoping you're right...
obama screwed from the last election.
i hope they're smart enough to remember.

Sick of Stupid wrote:

<quoted text>
Republican horsehockey.
The highest earners need to pay more taxes.
My tax rate cripples me. I have to make decisions on how to spendmy money based on what I must pay for taxes.
SO should the wealthy. They should have to pay enough to sting a little too.
If my tax rate affects my daily life, then so should the tax rate onthe rich, and on corporate America.
And...
If corporations are people, then thye should file a Corporate tax return, and a personal tax return.
Then they can use waht is left to buy politicians

The highest earners already have a high enough tax rate. It's all the loopholes that need to be eliminated. Then you'd see a better flow of revenue in to the Treasury. As for wanting the wealthy to feel the "sting" that we do, I refuse to play that class envy game. I, and you, had every opportunity this country affords to become one of those wealthy folk. We chose a different path. Our decision. Our responsibility. We can't resent people because they're more financially successful than we are. Not all wealthy people inherited their wealth, or are devious hedge fund swindlers. The majority worked their asses off to get where they are.

poorboy wrote:

Most of the 50 percent with no tax liability have no income or their income is below the poverty level. So you "conservatives" can suck it. Tax the money not the individuals. If you have 90 percent of the wealth and income you should pay 90 percent of The taxes. If you have .00001 percent of the wealth you should pay .00001 of the tax. How's that for progressive?

That is pretty much very progressive.
How well has our progressive tax code worked so far?

I kinda dont think we have half the American population living
below the poverty line.
I would argue that we dont need the Federal Government
established poverty line...anyway.
Its none of the government business who is wealthy
and who is in poverty.
Serves no purpose outside of giving growth and power to the government.

And to have a 90% tax rate on the wealthy would just have a
disastrous consequence on the American economy.
We would have a very rapid economic melt down as a result of
such tax rate on the wealthy.