Federal taxes lowest since 1950

[Show-me]

We actually HAVE taxed our way out of debt...Clinton tax hikes in early to mid 1990's.
Those tax hiks led to near balanced budget and paved the way for prosperity and consumer confidence that comes with no huge deficit looming.

Abolishing income tax reducing the corporate tax is great...
Great for blowing the deficit to dizzying heights...just like Reagan's tax Scuts.

Also great for those CEO's that rely on taxpayer funded corporate welfare. Google a list of top companies that paid little or no taxes in the past few years.

Clinton's tax hikes were dependent on the FACT that they were done in a decade of GREAT PROSPERITY, JOB CREATION, AND PROFIT. Unlike right now, two major wars, another military action in Lybia, bank sector melt down and bailout, auto sector melt down and bailout, long term high unemployment, massive budget deficit, consumer confidence down, savings up, education a mess, State's are broke, etc.

Remember Clinton's Administration was the beginning of the end for the middle class, NAFTA was signed into law by him and the giant sucking sound started.

The situation is waaaayyy different now.

 

[Show-me]

So a VAT, a single consumption (sales) tax-

Nooooooooooo, that idea is on top of the income tax. They want to double tax us, 1. income and 2. spending.

Read how they have both in other countries, it is outrageous!

 

[Show-me]

FairTax proposal I read a few years ago suggested would manage to pick up taxes from all the underground economy (read drug trade, etc) when they choose to "consume" some of their ill-gotten gains buying stuff with it. also would encourage companies to come back to the states, provide jobs here-if didn't have to pay corporate taxes-of course if prices of goods and services didn't go down then any tax savings to the company might end up in employees paychecks, no net savings to the company. and FairTax says only pay tax on goods once, resales=no further tax.

And, illegal aliens pay when they buy stuff here and ship it back to their home nation. Also, international tourist will pay.

Now on a side note I believe the FairTax System would motivate the consumer to go GREEN and by that I mean utilizing the goods they buy to the maximum degree instead of putting it in the landfill because they got tired of the color or style or resale to offset the tax on a new item.

 

[Show-me]

If you all would just make me Supreme Ruler for 10 years I will fix everything.

 

[Show-me]

Next!

 

[WorkFE]

If you all would just make me Supreme Ruler for 10 years I will fix everything.

Your not already, huh, who'd a thunk it. :nuts:

 

[RealMoneyIssues]

<SOAPBOX>
So, let me make sure I got this...

Spend, Spend, Spend...

Tax, Tax, Tax...

Spend that tax money, so you have to...

Tax more

Spend even that, so you have to...

Tax all profits, nationalize all industry, and we all are forced to speak a foreign language...


When does it end? No one has discussed the SPENDING PROBLEM we have. As I noted earler, and no one must have caught it, what would happen if this was YOUR budget. KEEP SPENDING??? oh, wait, then you could file Bankruptcy INSTEAD OF PAYING YOUR OBLIGATIONS that you created.

So, who is the US going to file bankruptcy with???

Stop spending so much of our money so we have to "TAX OUR WAY OUT"...

So, please all of you who think that the government is the only one that can do things right please flame me, I will ignore it considering the source. The government has overstepped it's constitutional bounds AND there are millions (maybe half) of Americans who depend on the government from cradle to grave. THAT is NOT the America I thought I was born into... I want to keep as much of my money and if I choose to re-distribute, I will do so on my own...

After reading all this taxing dribble, I feel dirty and need to go take a shower. Have a great day !!
</SOAPBOX>

 

[James48843]

If you all would just make me Supreme Ruler for 10 years I will fix everything.

You gotta enter to win:

http://www.primarynewhampshire.com/

 

[RealMoneyIssues]

Stop spending so much of our money so we have to "TAX OUR WAY OUT"...

oops, typo

Stop spending so much of our money so we DON'T have to "TAX OUR WAY OUT"...

 

[nnuut]

oops, typo

Stop spending so much of our money so we DON'T have to "TAX OUR WAY OUT"...

EXACTLY!!:nuts:

 

[crws]

Remember Clinton's Administration was the beginning of the end for the middle class, NAFTA was signed into law by him and the giant sucking sound started.

Along with signing off on Gramm Leach Bliley that is certainly plausible... there was alot of sucking going on during those days, eh?

If you all would just make me Supreme Ruler for 10 years I will fix everything.

Can you say sucking and dictator in the same paragraph?

You sure 10 years is enough, Sire? :laugh:
I think there will be more than a few write-ins this time around!