FreeTedWilliams

What everyone fails to realize when the talk about taxing the RICH, is that these are INCOME TAXES!!!

Not taxes on inheritance, or tax shelters, or stocks, etc. The Kerrys of the world will still pay way less taxes percentage wise than the rest of us. Their entire exsistance depends on maniupluating the tax code to shield their money.

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The Jets look like a Super Bowl contender right now about as much as Rosie O’Donnell looks like a threat for the Miss America crown. -NY Post 12/19/2011


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Patters

That's not true. I was asking why we're so patient with tax evaders, and move so much more aggressively against other people who don't pose a threat. For instance, the police won't camp out for month waiting for a drug dealer to give himself up. The police go right in. But, with wealthy tax evaders (who are usually white), the police will wait months before taking action.

Well, if the tax increase goes towards national health care, improving our schools, taking care of our elderly, fixing our infrastructure, etc., yeah, a lot of liberals are happy. (On the other hand, conservatives seem thoroughly content whether it's Reagan or Bush borrowing billions of $ from the Chinese and Saudis so that we can pay them high interest and fund wars that we cannot otherwise afford.)

No, you really have it wrong. There are a few left-wing anarchist types who have that anti-authority attitude, but not liberals.

Only if it's for something we believe in.

No, taxes have to be paid. Liberals believe that more strongly than do conservatives.

No, we believe that by making society fairer, we make it safer and nicer for all of us.

Patters

I did mention that I favor the death tax, and will also add, favor all efforts to close loopholes for the wealthy, including loopholes whereby they invest money overseas or set up fake foundations. If we targeted acquired wealth, we could probably lower taxes, but you are right, the Kerry's (actually Heinz's) of the world and other super-rich people have much too much power (regardless of party).

Stokes

Not sure I agree with that, I think she's talking about a cut and run strategy now to get the nomination, but her votes and rhetoric in the past suggests to me that a President Hillary wouldn't be as quick to pull out of Iraq as you might think. Plus, even if she does draw down troop levels, I thought she was talking about a redeployment away from dangerous areas, but still have a large number of troops in the region, which will still cost a hugh amount of money. Add to that the money we give to the Iraqi gov't that won't be going away and I don't think we'll be saving much $ even when Bush is gone. I do agree though that she is likely to have a moderate tax policy that won't include a big increase if any on our tax burden.

PatsFanInMaine

Points to ponder on Rangel's Tax Plan.

The Alternative Minimum Tax.

This system was created in 1969 to prevent those with higher incomes from claiming so many itemized deductions that they were actually paying less in taxes than some lower income families. The problem with the law as written is that congress never indexed it to inflation so as years went by more and more households have been effected by the AMT. Dept. of Treasury statistics show that if left as it is, over 1 in 4 households that earn between $75,000 and $100,000 will fall victim to the AMT by the year 2010. Congress has, on an annual basis, simply raised the threshold of the AMT thereby saving millions of Americans a year from having to pay the AMT while at the same time never raising taxes in other areas. The theory behind raising the threshold and not raising taxes in other areas to make up for the difference is that congress has recognized that it was never the intent of AMT legislation to tax such middle incomes and therefore those taxes were never meant to be collected. Rangel's plan ignores that fact, and instead proposes raising the "lost" taxes by adding surcharges to higher incomes, the majority of which belong to small business owners who are already facing issues in a volatile economy. I propose that congress enact real reform to fix the flaws in the AMT. The simplest fix that seems to evade congress is to just permantly raise the threshold to $1 Million and index it to inflation thereby sparing our small business owners.

Tax Credits For Low Income Households.

Rangel's plan would enable more low income households to be eligible for Earned Income Tax Credits and Child Tax Credits. I have no problem with legislation that enables more low income households to avoid paying income tax. What I do have a problem with is legislation that would allow some families to receive refunds that are in excess of the total income taxes they have paid. One needs to question whether Rangel's goal here is Tax Reform or Welfare Reform.

Is Rangel's Idea of the Rich really Rich?

Rangels' plan proposes a 4% surcharge on married filers with Adjustable Gross Incomes of $200,000. Keep in mind that Adjustable Gross Incomes are incomes before any itemized deductions are included. Rangels' surcharge would kick in before households were allowed to exclude such common deductions as local and state taxes, education expenses, charitable contributions or mortgage interest paid. With the upheaval in the housing market and the increases in college tuition now is not the time to set road blocks for families that want to own their own house and send their children to college. It is particularly not a good idea that the very families that this surcharge targets are the very same families that own small businesses that provide a vital part to our nation's economy.

FreeTedWilliams

You know who should be taxed more, POLITICIANS!!!

I say heap a 50% tax on all political contributions. This way we will all be subject to less lies on the TV, and those who wish to buy thier way into the politicians favor, will at least have to give half of their influence peddling money back to the American people!

Of course, the chances of Congress passing this is 0-354.

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The Jets look like a Super Bowl contender right now about as much as Rosie O’Donnell looks like a threat for the Miss America crown. -NY Post 12/19/2011


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Patters

That's a really good idea! Even make it a progressive tax, so that the more you give the more tax you pay.

wistahpatsfan

Wow!
I love that idea! Fu-kin ay!

Real World

If that is supposed to mean that she'll pull troops out should she be elected, you're crazy. No one who is elected in 2008 is going to completely withdraw troops. Trust me on that.

BTW, the endless occupation she voted for.

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"The most difficult subjects can be explained to the most slow-witted man if he has not formed any idea of them already; but the simplest thing cannot be made clear to the most intelligent man if he is firmly persuaded that he knows already, without a shadow of doubt, what is laid before him."
Leo Tolstoy, 1897

Real World

States have never seen more federal green than under any other administration in our history. Not only have states recieved record amounts of federal aide under Bush, but they're so grossly mismanaged and inefficient, that the federal aide isn't enough. As the fed aide has increased, so hasn't the state dependency on it. Federal and state governments are broken.

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"The most difficult subjects can be explained to the most slow-witted man if he has not formed any idea of them already; but the simplest thing cannot be made clear to the most intelligent man if he is firmly persuaded that he knows already, without a shadow of doubt, what is laid before him."
Leo Tolstoy, 1897