Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
That is a claim that has been made mostly by rich investors who already have capital to invest. They don't want to pay taxes if they can manipulate the system, with their wealth, to make the less wealthy who don't have capital to invest and must earn money by working, pay those taxes. Imo, if we're going to tax income, tax income from all sources in the year that they were realized.My guess would be that long term capital gains get a break to stimulate investments. Should the government manipulate the tax code to incentivize certain behaviors?
Yep. Its the Trump tax-cut establishment doing their thing.It's VAT but the con artists led by grab your ankles McCarthy are naming this scheme a "Fair Tax" but the people most likely fucked by this conjob will be the middle class & the poor. The con is to defund the Federal Govt. & stick the States with the bill.
Guess what happens to Social Security, Medicaid, Medicare & other programs that don't benefit their cronies? Down the tubes which is what those shitbags have been wanting to do for decades.
We're just getting started, I'm generally not a USC fan, but...I never did believe in miracles
But I've a feeling it's time to try
I never did believe in the ways of magic
But I'm beginning to wonder why.....
So can I assume you’re against using the tax code to manipulate behavior? Flat tax for everyone, regardless of the income source? No deductions or loopholes? No extra tax for luxury or sin?That is a claim that has been made mostly by rich investors who already have capital to invest. They don't want to pay taxes if they can manipulate the system, with their wealth, to make the less wealthy who don't have capital to invest and must earn money by working, pay those taxes. Imo, if we're going to tax income, tax income from all sources in the year that they were realized.
With record high inflation!!!!!!!!!!!!!Record unemployment is right now.
Squandered it away in tax cuts for the wealthiest corporation who did not reinvest in America but used it to buyback stock and reward preferred stock holders. That after being handed the Obama economy that was hitting on all cylinders.
How many ways to say...BULLSHIT!Squandered it away in tax cuts for the wealthiest corporation who did not reinvest in America but used it to buyback stock and reward preferred stock holders. That after being handed the Obama economy that was hitting on all cylinders.
We need a balanced budget amendment with a plan to pay down the National debt to a reasonable % of the GDP not somewhere near 100% of it.
We’re not out of options. Simply return the tax code to what it was pre Regan cuts. We only started seeing huge deficits after.
Ever run a corporation?Should be the same as the tax on wage earners. Which it is for short term capital gains. Not for long term capital gains, they get a break.
Ray, look what the democrats are doing right now, they are buying votes with perks, it seems to work.
The government will just do the same when it came time to raising the VAT.
I never did believe in miracles
But I've a feeling it's time to try
I never did believe in the ways of magic
But I'm beginning to wonder why.....
I'm for a clean progressive tax scale with as few deductions, loopholes, and tax credits redeemable for cash as possible. I support consumption taxes, like on recreational drugs mostly to help mitigate the effects of that use. Gasoline tax for roadways, (some kind of user fees for EV too.)So can I assume you’re against using the tax code to manipulate behavior? Flat tax for everyone, regardless of the income source? No deductions or loopholes? No extra tax for luxury or sin?
Stevie got most of the attention but McVie was a very talented artist.She just passed away a few months ago and the media barely mentioned it. A shame. Talented woman.
If you are going to do it, do it.So can I assume you’re against using the tax code to manipulate behavior? Flat tax for everyone, regardless of the income source? No deductions or loopholes? No extra tax for luxury or sin?
What an awesome idea. Put a tax on consumption when this is largely a consumer driven, service economy. It's a different spin on the same Repub objective.........massive tax breaks for the rich.Conservative analyst Steve Forbes tore into Republicans on Thursday over their plan to vote on a radical redesign of the entire federal tax system — one of the key concessions House Speaker Kevin McCarthy (R-CA) made as part of a deal with roughly 20 far-right lawmakers who spent a week blocking the votes for him to take office.
The plan, known as Fair Tax, has been kicking around the fringes of the GOP and libertarian communities for decades, and has been introduced in Congress several times, albeit without any serious backing. It calls for completely abolishing the federal tax system and replacing it with a 30 percent sales tax on every good and service in the United States.
What an awesome idea. Put a tax on consumption when this is largely a consumer driven, service economy. It's a different spin on the same Repub objective.........massive tax breaks for the rich.
So you have a sales tax.We have a consumption tax where I live and we do just fine. It's 5 cents on the dollar for the state and 3 cents on the dollar for the county. Everybody in this county pays that tax be they rich, poor, or anybody in between.
Yes! Because cutting spending is crazy talk. We must have the Moochele Obama hiking trail right now at any cost!According to my math, all the Feds need to do is ADD a 3% or 4% Fed sales tax instead of turning the tax world upside-down.
A new sales tax eliminates the fight over where to cut spending.
And that doesn't work. It doesn't actually add any money for investment. The debt is financed by T-bills, which takes the tax savings right back out of the economy.
That does work.
Economies grow from the demand side, not the supply side. If there's demand, someone will supply it.
Democrats understand that, so Democrats create better economies.
