It's a start!

[Duuuuuuuude]

I know there can be loopholes in either. I do feel taxes on what you spend, not what you earn would be easier to enforce and more people would get stuck paying or at least contributing.

Maybe, but that would just rev up the black market. Everything you own would have to have a tax stamp on it.

It would also drive people to save more, which is good, but is also bad for the economy. People have to spend money to keep it going, and if its all sitting in banks collecting interest its not doing anyone any good.

Personally I like the flat income tax better, but either way it should be done with 0 loopholes, 0 exemptions, and 0 credits. Everyone pays the same percentage, no matter if your single, married, have a bazillion kids, or own three homes in three different states.

 

[Reflection]

but either way it should be done with 0 loopholes, 0 exemptions, and 0 credits.

Is that possible? Even guys playing with toy cars will find loopholes in the rules.:ror:

Everyone pays the same percentage, no matter if your single, married, have a bazillion kids, or own three homes in three different states.

That's good. How would you get the people who are here illegally, working and not paying?

I still see having to pay higher taxes if you make more as a penalty for working hard.

I do believe if EVERYONE that is working was to pay into the system, not falsely claim their dependents or "cheat" the system, there would be a no need to have higher tax brackets.

Coarse, we'd also need to boot Obama, all the Obama cronies and career politicians out of office and put a stop to this spending spree we've been in the last 3 years.

 

[Duuuuuuuude]

Is that possible? Even guys playing with toy cars will find loopholes in the rules.:ror:

No exceptions means no exceptions. If you earn x amount or you spend x amount, you pay x%.

At the end of the year you file your tax form showing how much you earned and how much you paid. With no exemptions or credits, it should be pretty clean and dry. If something doesn't jive then you've got to answer for it.

That's good. How would you get the people who are here illegally, working and not paying?

If you tax their paychecks, then they will pay, doesn't matter if they are here illegally or not.

If you tax their purchases, they they will still pay.

I still see having to pay higher taxes if you make more as a penalty for working hard.

Unfortunately hard work and wealth don't always go hand in hand. Ever since money itself has become a commodity all you have to do is move it around a little bit and you can gain all the wealth you could need or want.

I do believe if EVERYONE that is working was to pay into the system, not falsely claim their dependents or "cheat" the system, there would be a no need to have higher tax brackets.

I'm not sure why exactly there are different tax brackets. It'd be interesting to read up on it...

Coarse, we'd also need to boot Obama, all the Obama cronies and career politicians out of office and put a stop to this spending spree we've been in the last 3 years.

I wouldn't limit it to the current administration. Remember that Bush initiated the billion dollar bailouts...

Its also interesting to note that during the Reagan administration the tax rate for the wealthiest was at 50%.

 

[Reflection]

I wouldn't limit it to the current administration. Remember that Bush initiated the billion dollar bailouts...

Not saying that Bush was perfect. Most presidents have had their faults and have made mistakes. That's a given.

People praise Clinton like he's a God. The guy didn't do shit but smoke weed and sleep around with anyone BUT his wife. :ror:

 

[JeremyH]

This is true. How would you exploit it, rich or poor, if EVERYONE had to pay taxes on what you bought instead of what you earned?

The only way I see is the generation of a larger "black market" for the items that are readily available right now...

People praise Clinton like he's a God. The guy didn't do shit but smoke weed and sleep around with anyone BUT his wife.

If that was my wife, I wouldnt want to sleep with her either...

 

[CM_113]

"Dude has been unemployed for 3 years, and can't support his wife and 3 kids, plus one on the way."

Here's an idea, STOP FAWKING!

If you haven't had a job for 3 years you have no right to be bringing another mouth into this world for someone else to feed.

I am so sick and tired of people breeding just because they are too lazy to pull out. If you don't have the means to raise and support a child don't make one.

Here's another idea, if you have sat on your ass for 3 years and there are no jobs in your area, get a bus ticket and move your ass to somewhere that there are jobs.

:speachless: i cant agree more

 

[Duuuuuuuude]

People praise Clinton like he's a God. The guy didn't do shit but smoke weed and sleep around with anyone BUT his wife. :ror:

He did some good things...

$600b reduction in the deficit
Cut taxes for small businesses
Reduced government spending
Lowered unemployment rates and inflation

If that was my wife, I wouldnt want to sleep with her either...

Can't blame him on that one...:ror:

 

[slobin3d]

Businesses could create jobs right now, but they aren't. For the past two years there hasn't been much growth, and its not because of taxes.

they are terrified that things like Manitory Healthcare, and and higher taxes, along with a depressed market with no "real" signs, not the President saying things are better, that the economy is improving are going to make them cut back even more.

I think people have it stuck in their heads that companies exist to give them jobs, not companies exist to make money.:roll: People bitch that they won't hire, then turn and penalize them for making a profit. Can't have one without the other"thumbsup"

 

[JeremyH]

Can't blame him on that one...:ror:

Not one bit.....just shouldnt have lied about it in front of Congress....:ror:

 

[Duuuuuuuude]

I think people have it stuck in their heads that companies exist to give them jobs, not companies exist to make money.:roll: People bitch that they won't hire, then turn and penalize them for making a profit. Can't have one without the other"thumbsup"

Of course. Just like I don't go to work because I owe it to a corporation to give them part of my life, I go to make money.

But corporations are in a better position to create jobs than anyone else. They have the capitol and the power to bring employment to the unemployed. While saying it is their responsibility to create jobs might be a little heavy, they are certainly the most capable of doing so.

One large corporation buying land, building a large facility, employing a large workforce to not only make the product but also maintain the plant will stimulate the local economy far greater than a handful of start-ups operating out of their garages or rented office space employing 2 or 3 people.

No community rejoices in the economic prosperity they will all be experiencing when Joe Bob opens his lawnmower repair shop in an old low rent downtown building, but they will when Mega Corp builds a brand new multimillion dollar facility right down the road. Unless you're Walmart.

 

[slobin3d]

One large corporation buying land, building a large facility, employing a large workforce to not only make the product but also maintain the plant will stimulate the local economy far greater than a handful of start-ups operating out of their garages or rented office space employing 2 or 3 people.

No community rejoices in the economic prosperity they will all be experiencing when Joe Bob opens his lawnmower repair shop in an old low rent downtown building, but they will when Mega Corp builds a brand new multimillion dollar facility right down the road. Unless you're Walmart.

Why would I as a large Multi Million/Billion dollar company want to open up a large plant, in the US, when there is little to no certainty that I'm going to make any kind of profit by it, let alone any profit of the existing ventures? Thats the problem, Large Mega corps have the ability to do these things because they have massive amounts of money, but they also have massive overhead, people don't see that when they look at the #'s thrown around on tv. Look at walmart, they have Billions of dollars as a corp, but how many stores, trucks, employees, storage facilities do they have too? those Liabilities can waste a mega corp in a hurry. Look at K-mart, sears or worse Woolworths. They can Bleed Money in blinding amounts just as fast if not faster then they make it.. Thats why you don't see the large, or small corps giving handouts in the job market.

 

[Duuuuuuuude]

Why would I as a large Multi Million/Billion dollar company want to open up a large plant, in the US, when there is little to no certainty that I'm going to make any kind of profit by it, let alone any profit of the existing ventures?

That can be said of any market in any country. You don't know if you'll make a profit or not, though you can play the odds and go where you are most likely to come out ahead.

If a corporation isn't expanding here, should they still be receiving tax breaks?

I guess my gripe is the extreme lack of patriotism of those who benefit but do not return the favor.

Large Mega corps have the ability to do these things because they have massive amounts of money, but they also have massive overhead, people don't see that when they look at the #'s thrown around on tv. Look at walmart, they have Billions of dollars as a corp, but how many stores, trucks, employees, storage facilities do they have too? those Liabilities can waste a mega corp in a hurry. Look at K-mart, sears or worse Woolworths. They can Bleed Money in blinding amounts just as fast if not faster then they make it.. Thats why you don't see the large, or small corps giving handouts in the job market.

The record profits that have been recorded lately are after all costs have been accounted for, including overhead. Revenue and profit are different things. But yes, the bigger the corp, the bigger the cash reserve needed for "issues".

K-Mart got killed because they couldn't keep up with WalMart. Sears got killed because people decided they'd rather buy cheap crap at cheap prices instead of quality stuff at reasonable prices (I still remember it being a big deal when my mom took me shopping at Sears). They're suffering not because of overhead or taxes, but because they just got out-businessed.

 

[JeremyH]

I guess my gripe is the extreme lack of patriotism of those who benefit but do not return the favor.

Wait, are we still talking about corporations here or the people in the video in the first post of this thread. Oh well, I guess your statement applies either way....

 

[slobin3d]

If a corporation isn't expanding here, should they still be receiving tax breaks?

If that keeps them in the US then yes.


I guess my gripe is the extreme lack of patriotism of those who benefit but do not return the favor.

thats an open ended statement, that lack of patriotism is due to the US citizen demanding things cheaper then they can me produced in the US, then they turn around and demand higher wages for producing the things that still made here. Poor business managment to me, charge less and payout more

The record profits that have been recorded lately are after all costs have been accounted for, including overhead. Revenue and profit are different things. But yes, the bigger the corp, the bigger the cash reserve needed for "issues".

oil companies are the only ones making any real profits and its due to record sales, and they are expanding, here in MT the oil boom on the easternside as staved off a much worse economic downturn then we've had. North Dakota is the place to be right now if you want a good job, between the oil fields and tech jobs.

We have people leaving in droves from around here to work in ND and eastern MT, their making 2-3 times that average wage you'd have in a normal job, and bringit home to spend on things they otherwise couldn't have. I can think of 3 people on RCC from MT that have jobs now because of the oil boom, that were previously unemployed"thumbsup"

 

[Duuuuuuuude]

Wait, are we still talking about corporations here or the people in the video in the first post of this thread. Oh well, I guess your statement applies either way....

Yes it does. And for the record, propagating the species is not "giving back". :ror:

If that keeps them in the US then yes.

Do you mean their corporate offices or actual production facilities?

thats an open ended statement, that lack of patriotism is due to the US citizen demanding things cheaper then they can me produced in the US, then they turn around and demand higher wages for producing the things that still made here. Poor business managment to me, charge less and payout more

That is unfortunate and true. If it weren't for the influx of cheap shit from overseas, we'd probably be fine.

oil companies are the only ones making any real profits

Not true. Airlines, healthcare companies, Walmart, Ford and GM, all are doing extremely well right now.

Exxon profited $30b!

 

[JeremyH]

Yes it does. And for the record, propagating the species is not "giving back". :ror:

Darn....I thought I had found a new calling. :ror:

 

[slobin3d]

Do you mean their corporate offices or actual production facilities?

Does it really matter, walmart is the king of cheap crap, no one will argue that, but that cheap crap employs million in the US. See Below for more:ror:

That is unfortunate and true. If it weren't for the influx of cheap shit from overseas, we'd probably be fine.

The influx of cheap crap from overseas was drivin by the US employees greed, I want it cheaper, pay me more, with that mentality a company has to leave or die, patriotism has nothing to do with it. Do I wish that there could be more US based manufacturing, YES, do I blame companies for leaving? no.

If X country can produce a quality product and ship it here fore less than I can produce it, then I either have to find a way to make it cheaper or stop making it, its the free market, And since we aren't willing to give up our pensions, Employer paid healthcare after retirement, or take pay cuts it's only a matter of time before we get to where we are!

Not true. Airlines, healthcare companies, Walmart, Ford and GM, all are doing extremely well right now.

Exxon profited $30b!

Good for them, it's about time someone made a profit in this shitbox economy, if it continues I forsee them boosting their hiring and production"thumbsup"

 

[Reflection]

He did some good things...

$600b reduction in the deficit

Do you know where allot of that really came from?

 

[Duuuuuuuude]

Darn....I thought I had found a new calling. :ror:

I know, I'm disappointed too.

Does it really matter, walmart is the king of cheap crap, no one will argue that, but that cheap crap employs million in the US. See Below for more:ror:

They employ millions who, if not for WalMart, would most likely have a job somewhere else, mainly locally owned retail shops who's profit would remain in the local economy instead of being sent back to corporate.

Come visit me sometime, I'll show you what WalMart killed when it came to town. "thumbsup"

If X country can produce a quality product and ship it here fore less than I can produce it, then I either have to find a way to make it cheaper or stop making it, its the free market, And since we aren't willing to give up our pensions, Employer paid healthcare after retirement, or take pay cuts it's only a matter of time before we get to where we are!

Funny thing is, wages are rising in China, and many manufacturers are looking to either come back to the US or find another source of cheap labor.

The free market isn't free when tax rates, import/export duties, and other various costs are manipulated by the government.

Good for them, it's about time someone made a profit in this shitbox economy, if it continues I forsee them boosting their hiring and production"thumbsup"

They're already making billions, why would they go and hire more people and lower their profit margin?

 

[Duuuuuuuude]

Do you know where allot of that really came from?

Cigar sales?