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HelicopterOff Topics News & Politics › What is Wrong with this Picture???
09-07-2009 04:51 AM  8 years agoPost 1
flustercluck

rrVeteran

Newnan Ga (Just S. of ATL)

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WTF is Wrong with this Picture???

If this doesn't nail the problem, nothing will:

IRS data for 2001, showing who pays what part of the total US income tax revenue:

The richest 5% paid about 53% ($470 Billion)
The next 20% paid about 30% ($260 Billion)
The next 25% paid about 13% ($120 Billion)

The bottom 50% paid about 4% !!!($35 Billion)

YO, LEADERS: You want to get this economy out of the ditch??? Cancel that "stimulus" B.S. and give a flippin TAX CUT to the small productive minority that are pulling the entire train!!!

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09-07-2009 04:54 AM  8 years agoPost 2
Dennis (RIP)

rrApprentice

Oregon

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YO, LEADERS: You want to get this economy out of the ditch??? Cancel that "stimulus" B.S. and give a flippin TAX CUT to the small productive minority that are pulling the entire train!!!
Thats one way to do it.

Frankly, I would rather see us get back to asking those that bitch the most start doing a little paying once again. Thats the bottom 50%.

If we continue like this, the tax eaters will quickly out number the tax payers. A very dangerous situation for us all.

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09-07-2009 04:59 AM  8 years agoPost 3
flustercluck

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Newnan Ga (Just S. of ATL)

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the tax eaters will quickly out number the tax payers
Per the IRS Data, this happened long ago.

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HelicopterOff Topics News & Politics › What is Wrong with this Picture???
09-07-2009 11:06 AM  8 years ago •• Post 4 ••
Tintin

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Akershus, Norway

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YO, LEADERS: You want to get this economy out of the ditch??? Cancel that "stimulus" B.S. and give a flippin TAX CUT to the small productive minority that are pulling the entire train!!!
Yu don't know much about economy do you?

“Getting an inch of snow is like winning 10 cents in the lottery.”

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09-07-2009 12:19 PM  8 years agoPost 5
SSN Pru

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Taxachusetts

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Yu don't know much about economy do you?
Neither do you TinTin, your government does all the economic thinking for you.

It's a well known fact that lower taxes creates higher revenue through job growth.

Works the same as a sale at a store. Higher volume creates greater revenue even though per unit prices are lower.\

That's your economic lesson for the day.

Stupidity can be cured. Ignorance is for life!

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09-07-2009 01:02 PM  8 years agoPost 6
kurtk

rrNovice

North Carolina

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Those riding in the wagon should not be allowed to steer. Those doing the pulling should determine the direction.

When the majority can vote to have the government commit armed robbery on their behalf, a rapid decline is inevitable.

Free market capitalism has benefited the WORLD financially, scientifically and medically. It has provided more wealth and quality of life for more people than any other system. Unfortunately, that is all about to end.

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09-07-2009 01:33 PM  8 years agoPost 7
fla heli boy

rrKey Veteran

cape coral, florida

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consumption tax - problem solved

Only problem with that is, they would figure out a way, years down the road, to re-enact income tax and then we would have consumption AND income taxes. But really, grab the Neil Boortz book, it's a good read if you keep an open mind.

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09-07-2009 02:10 PM  8 years agoPost 8
Tintin

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Akershus, Norway

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Neither do you TinTin, your government does all the economic thinking for you.

It's a well known fact that lower taxes creates higher revenue through job growth.
And you would judge that from a sentence where I say nothing about economy?

If those 5% spent all of their taxsavings on consumables you would be correct, otherwise not....do you think it's likely that people that well off will spend their taxsavings on consumables or will they maybe put it away for rainy day...?

“Getting an inch of snow is like winning 10 cents in the lottery.”

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09-07-2009 02:24 PM  8 years agoPost 9
fla heli boy

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cape coral, florida

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Doooood....

thats also a side benefit. You only pay taxes on what you spend, not what you earn. Therefore, you would tend to save more. Now, that being said, who spends more?? The guy that makes 500K a year, or the guy that makes 25K a year. C'mon, it's simple math. And Please, read some of the book (I'm sure you can get excerpts on the 'net) before you crap all over it like you always do. AND... before you bring it up, everybody's basic living requirements are tax free in the form of "prebates" allowing everybody to pay for the basic necessities of life without a tax, regardless of income. As fair as it gets. Thus it's name "THE FAIR TAX".
And BTW, look at your post. Your only single line was "you don't know much about the economy do you?". Then claim you never said anything about the economy.

Also, there are a LOT of people here that NEVER in their lifetimes pay a dime in taxes and actually MAKE money on April 15th, now they will pay something in this sytem. The people (and there are a lot of them out here) who work under the table, guess what, can't escape it now. The vast amount of money lost in our current system would be scoured in the fair tax, we would all pay a lower rate, we get rid of the IRS and April 15th is just another day on your calendar. Doesn't mean much to you Tin, but every American dreads April 15th.

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09-07-2009 02:40 PM  8 years agoPost 10
flustercluck

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Newnan Ga (Just S. of ATL)

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You don't know much about economy do you?
Perhaps not.

Maybe higher taxes on the very smal minority of productive citizens is the answer, while concurrently allowing 50% of the electorate to pay only 4%. Perhaps putting a higher load on those that pull the train is a good idea, while the vast majotity get to ride.

It'd be interesting to hear from those who agree with this.

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09-07-2009 03:25 PM  8 years agoPost 11
Tintin

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Akershus, Norway

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Yeah, go ahead and play stupid.... there are more than 2 options...
The guy that makes 500K a year, or the guy that makes 25K a year. C'mon, it's simple math.
Well that's the problem, it's not that simple. Sure, everybody that get a tax break probably will spend some more, however, if you give those 5 % richest a $ 1000,- most likely won't spend it all. If you give the 50% a $ 100,- taxcut they are in fact much more likely to spend it all cause they are already short....economy is so much more than tax. If the 50% paying little tax should pay more of the total burden, they would have less to spend in the stores of those 5%ers and soon they again might not be among those 5% because their customers are paying tax instead of merchandise...

Anyhow, taxcuts doesn't really seem like the way to go for you guys these days, finding those tax dodgers seems like a better idea even if many of these in fact are important for the economy as they spend their dough...

And btw, I in fact did not say anything about economy even if I used that word....it was a statement about his apparent knowledge and not economy itself...which ought to have been obvious....

“Getting an inch of snow is like winning 10 cents in the lottery.”

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09-07-2009 04:22 PM  8 years agoPost 12
Dennis (RIP)

rrApprentice

Oregon

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Well that's the problem, it's not that simple. Sure, everybody that get a tax break probably will spend some more, however, if you give those 5 % richest a $ 1000,- most likely won't spend it all. If you give the 50% a $ 100,- taxcut they are in fact much more likely to spend it all cause they are already short....economy is so much more than tax. If the 50% paying little tax should pay more of the total burden, they would have less to spend in the stores of those 5%ers and soon they again might not be among those 5% because their customers are paying tax instead of merchandise...
You don't get it Tintin. Those 5% create jobs. The more you take from them, the less jobs they create. The less money earned they have, the less they turn it around and invest in the economy. The more they have to give to the government to get votes from the electorate, the more the electorate wants and the more power the politician has and needs to keep. Its an evil system and we need to revamp it. This is not Norway. Nor will it ever be. We have a system that is on the edge of failing here. It will affect everyone. You included.

Your ideas will make it worse. Not better. More tax eaters equal less tax payers. Its very simple, and very dangerous.

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09-07-2009 04:39 PM  8 years agoPost 13
fla heli boy

rrKey Veteran

cape coral, florida

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as I said

please read some excerpts from the book. It's a good read. What you are missing is that the 50%er's, will now have their ENTIRE paycheck available to spend (their would be NO INCOME TAX _ PERIOD!!!). The 5%er already has most of his anyway because of the tax adavantages he gets because he can afford the proper attorneys and tax accountants. Just trust me, you have to read some of the book, then it will make a lot more sense. It is very well written, in VERY LAY TERMS so the average doofus like me can understand it. There's a reason it was on the best seller list for quite some time. It was co-authored by a Senator or Congressman from the Midwest somewhere that has been trying to get this type of thing passed for years. It's the attorney and CPA lobbyists that keep this thing from gaining any foothold.

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09-07-2009 06:42 PM  8 years agoPost 14
Tintin

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Akershus, Norway

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Keywords being available to spend, if they don't spend on consumables it's worthless for helping out the economy...

“Getting an inch of snow is like winning 10 cents in the lottery.”

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09-07-2009 06:46 PM  8 years agoPost 15
fla heli boy

rrKey Veteran

cape coral, florida

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no no no no no

They HAVE to consume at some point right?? And if they save, they'll invest, etc. As I said READ THE BOOK. I was skeptical as well until I read it. I know you won't because it doesn't affect you in Norway, which then begs the question: why are you getting involved in this discussion at all?

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09-07-2009 07:54 PM  8 years agoPost 16
Tintin

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Akershus, Norway

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And if they invest in private property and similar it won't help anything either.....no they don't have to consume more at all. They are probably already consuming a good bit more than they have to and far from everybody puts their money to work. In fact most will invest in stuff that doesn't stimulate the economy first (everyone for themselves first...) then they might put the rest to work...

Because it's fun....

“Getting an inch of snow is like winning 10 cents in the lottery.”

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09-07-2009 08:06 PM  8 years agoPost 17
A. Bundy

rrElite Veteran

Aurora,IL. 30W/SW of Chicago

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If those 5% spent all of their taxsavings on consumables you would be correct, otherwise not....do you think it's likely that people that well off will spend their taxsavings on consumables or will they maybe put it away for rainy day...?
I think you would find that most gets invested in stocks or into growing businesses,which creates jobs.
And if they invest in private property and similar it won't help anything either.....
Private property gets taxed as well.Houses need someone to do the building.Roofs need to be re-roofed............Or,does money go into the economy "right" only if the all powerful (bow and avert your eyes now)Obominator signs the check?????

The libs go nuts over the war spending.Does the money that goes to General Dynamics,Colt,Winchester ammo,GE,etc,etc,etc...just disappear into thin air?

I guess I'm part of the problem by working as much as possible and putting my money to work for me.

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09-07-2009 08:12 PM  8 years agoPost 18
Tintin

rrVeteran

Akershus, Norway

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I think you would finds most of it goes into stocks or into growing businesses.
I don't think you will find that for the whole 5%.

Yes houses need work (tho no one pays me when I fix mine...) sure some finds it way back into the system, slightly more than if you have it in the matress, but far from everything.

If it wasn't for your arms industry you would possibly be even worse off. On the other hand, you could have spent that money much more productive. It's a bit like Afghanistans opium production, some make a lot of money and many suffer from it....

“Getting an inch of snow is like winning 10 cents in the lottery.”

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09-07-2009 08:15 PM  8 years agoPost 19
fla heli boy

rrKey Veteran

cape coral, florida

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Thank you Mr. Bundy. I don't know why I try to convince him of anything. Being born and raised in a basically socialist society, there is no way for him to truly understand a capitalistic society.
I still say, let's divide the country in the middle. But once you make your choice (con or lib), you can't move back to the other side. Within two years, we'd have Lib refugee camps that would make the Ethiopians proud!!

EDIT: Do you see how he says "yes homes need work, but nobody pays me when I fix mine". Is that not the most ridiculous thing you've heard. And yes I am sure you were kidding, but to even think that way, jeeezzz.....

Now that I think of it, my vehicle needs to be cleaned and I need to change the oil. Better run right out and do that, so that my government will pay me to fix my own crap....where does that come from???

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09-07-2009 08:35 PM  8 years agoPost 20
Tintin

rrVeteran

Akershus, Norway

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Is it that hard to understand boy, that a lot of work done on peoples own properties are done by themselves, hence doesn't generate anything for the common economy???

I'm one of those that are able to and in fact do the most of the work myself including the mentioned roofing....
there is no way for him to truly understand a capitalistic society.
What a heap of crp..... it isn't hard to understand whether it's the reason for you wanting it and how it works...jeez, it's the easiest part of economy to understand... but still there are some of us that doesn't want a pure capitalistic society, heck not even your countrymen want that....

“Getting an inch of snow is like winning 10 cents in the lottery.”

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