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I think kokonut want Fair Tax Act.
Americans For Fair Taxation: Americans For Fair Taxation

I'm against on Fair Tax Act since I prefer payroll tax, either of progressive or flat tax.

Ok, if you want to think that but I think when the top 1% pay about 40% of all federal income tax is more than fair. Or that the top 25% pay about 86% of all federal income while the bottom 50% pay no income tax is quite fair as far as taxation goes.
 
Ok, if you want to think that but I think when the top 1% pay about 40% of all federal income tax is more than fair. Or that the top 25% pay about 86% of all federal income while the bottom 50% pay no income tax is quite fair as far as taxation goes.

Fair Tax Act is about taxing on retail goods (like ball, pant, shirt, pen, bike, video game, etc) like you have pay around 23% to federal, additional with other percents for state.

That's what I'm against on federal tax that taxing on retail goods, I just prefer payroll tax, either of flat or progressive.

Thanks to god about Fair Tax Act will not going happen in America, I know about G.W. Bush did introduced flat tax in few years ago so I think it isn't bad idea but better than Fair Tax Act.
 
Progressive tax is actually the most fair system.

Seriously, if you make a billion a year, do you actually think a 50% tax would hurt you? You'd still have $500,000,000 left!

And what can $500,000,000 a year afford? Pretty a lot.

Again this is why I got out of business. I am paying $0 in income tax for 2009. I paid enough in 2008 to rent an apartment for 15(not a typo) people for an entire year. By the way, not only am I not paying any income tay this year, neither are many of my former employees. It's tough to find a job these days ya know. I think this will become more and more common too. I am coining the phrase employer tax strike to describe it.

Enjoy your tax system.........I'm hitting the links
 
I love how Sean Hannity said, "I don't understand how Obama created millions of jobs when we're in 10% unemployment rate?"

It shows how biased he is.. he is framing a question as if Obama did absolutely nothing. If it wasn't for stimulus, all those millions of jobs would have NOT been created but it doesn't matter - they would do ANYTHING to destroy Obama.

Those "millions" of jobs are non-existent.

Job count flawed in report on stimulus - The Boston Globe


And this one? Priceless.

White House changes stimulus job accounting
New method will make it impossible to track ones saved or created
The quarterly job reports posted on the Web site for the Recovery Accountability and Transparency Board reflect only a fraction of the jobs created under the program and can't account for job creation stemming from other stimulus programs such as tax rebates and other federal aid, the spokesman said.

But the result of the new rules will be that future claims of job creation from the stimulus will be even more misleading, said Rep. Darrell Issa, the ranking Republican on the House Oversight and Government Reform Committee.

"It is troubling that the administration is changing the rules and further inflating the Recovery Act's impact and masking the failure of the stimulus to produce sustainable economic growth or real job creation," Issa said in a letter sent last week to the government board monitoring stimulus spending.

Recipients of recovery money no longer have to show that a job would have been lost without the stimulus help, and they no longer are required to keep an ongoing tally of jobs saved or created. The new rules allow stimulus recipients to limit the job tally to quarterly reports, making it impossible to avoid double-counting a job that was created in one quarter and continued into the next.

Issa wants the Recovery Board, the government's independent oversight panel, to change how it identifies the count of stimulus jobs and to add a note on its Recovery.gov Web site explaining that there is now a different definition for what constitutes a job under the stimulus.

White House changes stimulus job accounting - Stocks & economy- msnbc.com
 
Ok, if you want to think that but I think when the top 1% pay about 40% of all federal income tax is more than fair. Or that the top 25% pay about 86% of all federal income while the bottom 50% pay no income tax is quite fair as far as taxation goes.

First, where you get that 50% figure?

If we impose 50% on both a poor individual making $10,000 a year AND a rich individual making $1,000,000 a year, which one hurts the most?
 
Oh, wow, and I thought our WH isn't transparent?!?!
 
First, where you get that 50% figure?

If we impose 50% on both a poor individual making $10,000 a year AND a rich individual making $1,000,000 a year, which one hurts the most?

Read again. I said nothing about imposing taxes on the *bottom* 50%. The bottom 50% pay barely about 3% of all federal income taxes which is quite small.

Um, $10,000 is way, way below in the bottom 50% category which starts at $32,000 and downward. With exemptions and other deductions, there wouldn't be anything to tax on an income of $10,000.

The top 1% to 50% federal income tax payers:
The Tax Foundation - Summary of Latest Federal Individual Income Tax Data
 
Read again. I said nothing about imposing taxes on the *bottom* 50%. The bottom 50% pay barely about 3% of all federal income taxes which is quite small.

Um, $10,000 is way, way below in the bottom 50% category which starts at $32,000 and downward. With exemptions and other deductions, there wouldn't be anything to tax on an income of $10,000.

The top 1% to 50% federal income tax payers:
The Tax Foundation - Summary of Latest Federal Individual Income Tax Data

Do you want tax reform to use flat tax on payroll? Just wonders.

If you do so it is cool.
 
Mod note:

Off topic posts are removed. Now keep this thread clean once again.

:ty:
 
Flat tax is the fair way. No deductions for anything. An exemption that keeps the poor tax free and has the middle class paying a smaller portion of their income to taxes than those who make more.

Taxing people who make alot of money at a higher rate is insane. How does penalizing people who work the hardest and create jobs by owning businesses,spending their money and investing in this country, help this country?
 
Flat tax is the fair way. No deductions for anything. An exemption that keeps the poor tax free and has the middle class paying a smaller portion of their income to taxes than those who make more.

Taxing people who make alot of money at a higher rate is insane. How does penalizing people who work the hardest and create jobs by owning businesses,spending their money and investing in this country, help this country?

Yup, I don't mind about flat tax, it need replace the progressive tax.

For FairTax Act, I'm against on it.
 
Flat tax is the fair way. No deductions for anything. An exemption that keeps the poor tax free and has the middle class paying a smaller portion of their income to taxes than those who make more.

Taxing people who make alot of money at a higher rate is insane. How does penalizing people who work the hardest and create jobs by owning businesses,spending their money and investing in this country, help this country?
While I agree with you, I am not sure there is always a relationship between those who work hard and financial success. It all depends on a lot of different things. Some work hard and don't care overmuch about money as long as their needs are met.
 
While I agree with you, I am not sure there is always a relationship between those who work hard and financial success. It all depends on a lot of different things. Some work hard and don't care overmuch about money as long as their needs are met.


Not always. But it does irritate me when Obama says "hard working americans" to descrbe the lower and middle class. By his definition of rich, he is rich. I wonder if he considers himself hard working.
 
Not always. But it does irritate me when Obama says "hard working americans" to descrbe the lower and middle class. By his definition of rich, he is rich. I wonder if he considers himself hard working.

I am sure you work just as hard as he does. And he pays more taxes too.

What have you done for this state of 16 million people? I am dying to know.
 
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