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US Presidential Election
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pefwin  Where you have to have an English ... 04 Oct 16 7.19pm |
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Originally posted by nairb75
you'll never get a flat tax that doesn't have loopholes. just another way to screw the little guy. We had the flat tax debate over a decade ago on HOL. When introduced by the new eastern European billionaires. Flat taxes mean the average tax payer would pay more hitting the middle class hardest. For an old example a 40/25% rate as per UK awhile back would probably average out at 27-28% for the 25% tax payer.
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 nairb75  Baltimore 04 Oct 16 7.32pm |
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Originally posted by Ray in Houston
The first hurdle on apply a flat tax to income is defining what you mean by the word "income". "remember, it's not a lie, if you believe it." mitt romney: where people are corporations and income isn't income. "it came from somewhere else so it's already been taxed!" but he believes it. close the loopholes and we could make a dent in the deficit. i truly do not believe it will happen in my lifetime, though.
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Stuk  Top half 04 Oct 16 7.35pm |
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Originally posted by Ray in Houston
The religious tax breaks are ridiculous, as there is the barest hint of a test to pass in order to qualify as a church (as highlighted by John Oliver). [Link] It's such a scam. If, as many do, churches spend much of their income on charitable works, then this is all tax-deductible against their income like for any other business, charity or person. There is no need to give them blanket immunity from taxation, which is the current system and which is abused rampantly. Joel Olsteen and his Houston-based "church" is the current poster child for such abuse. His "church" is non-denominational and, in realty, is little more than a feel-good, inspirational session during which Olsteen begs for the hard-earned money of the 20,000 or so attending in person and millions watching at home. With that money, the "church" buys helicopters, planes, Maybachs and lavish property for use by the "church", by which they mean by Olsteen. You've got the new age type churches here in London who buy a property, fill it full of lights, screens and sound systems and then earn a fortune mainly using it for private hire. No tax paid on any of it and all the expenses they can claim back.
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| nairb75 Baltimore 04 Oct 16 7.35pm |
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Originally posted by Stuk
Very strange. How is the incumbent secretary to the treasury, or whoever does it, supposed to balance their budgets without being able to change tax rates or introduce new ones if required? 1. they don't balance their budgets. the US was created truly b/c the colonies could get their debt problem under control and no one was going to lend them more $. 2. tax codes are laws. so no individual in the gov't can change the law, of course.
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| nairb75 Baltimore 04 Oct 16 7.38pm |
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Originally posted by pefwin
We had the flat tax debate over a decade ago on HOL. When introduced by the new eastern European billionaires. Flat taxes mean the average tax payer would pay more hitting the middle class hardest. For an old example a 40/25% rate as per UK awhile back would probably average out at 27-28% for the 25% tax payer. there's a reason that bankers and hedge fun managers are the ones pushing a flat tax. joe blow thinks it sounds ok until he actually looks into it.
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| Stuk Top half 04 Oct 16 7.44pm |
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Originally posted by Ray in Houston
That's not their job. They're part of the administration whose job it is to administer the laws and codes as laid down by Congress. It's Congress that sets the budget (when they can be bothered) and controls spending and taxation (among many other things). Don't they know the phrase about too many cooks?
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| Rubin 04 Oct 16 7.47pm |
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Originally posted by Ray in Houston
"Paid for by Donald J. Trump for President, Inc." I know. That doesn't delegitimise any of the linked articles, does it?
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| Ray in Houston Houston 04 Oct 16 8.35pm |
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Originally posted by Rubin
I know. That doesn't delegitimise any of the linked articles, does it? Not necessarily. The fact that most of the links are to the Trump / Pence website (I prefer the original logo), the GOP website, or Breitbart (which is run by the guy who is also CEO of Trump's campaign) or the Moonie-owned Washington Times is what makes it illegitimate, as far as being an independent aggregator is concerned. Edited by Ray in Houston (04 Oct 2016 8.37pm)
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| Stuk Top half 04 Oct 16 8.40pm |
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Originally posted by Ray in Houston
Not necessarily. The fact that most of the links are to the Trump / Pence website (I prefer the original logo), the GOP website, or Breitbart (which is run by the guy who is also CEO of Trump's campaign) or the Moonie-owned Washington Times is what makes it illegitimate, as far as being an independent aggregator is concerned. Edited by Ray in Houston (04 Oct 2016 8.37pm) I read something on that last week. That site is as weird as some of gusset's favourites.
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| Rubin 04 Oct 16 8.50pm |
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Originally posted by Ray in Houston
Not necessarily. The fact that most of the links are to the Trump / Pence website (I prefer the original logo), the GOP website, or Breitbart (which is run by the guy who is also CEO of Trump's campaign) or the Moonie-owned Washington Times is what makes it illegitimate, as far as being an independent aggregator is concerned. Edited by Ray in Houston (04 Oct 2016 8.37pm) Do you accept though that the mainstream media in the US (perhaps discounting Fox) are heavily in favour of Hillary, in which case they wouldn't run any of the linked stories? They are still legitimate articles, regardless of who publishes them. The thing that bothers me, is how unshakeable Clinton supporters/anti-Trump people are to the exploits of Hillary Clinton. For example, it surely it can't be claimed that ALL the people mentioned in the list here [Link] under the heading 'The Notorious Clinton Body Count List' died coincidentally.
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| nairb75 Baltimore 04 Oct 16 9.41pm |
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Originally posted by Rubin
Do you accept though that the mainstream media in the US (perhaps discounting Fox) are heavily in favour of Hillary, in which case they wouldn't run any of the linked stories? They are still legitimate articles, regardless of who publishes them. The thing that bothers me, is how unshakeable Clinton supporters/anti-Trump people are to the exploits of . For example, it surely it can't be claimed that ALL the people mentioned in the list here [Link] under the heading 'The Notorious Clinton Body Count List' died coincidentally. that list has been circulating for years and there's nothing legit about it. i'm no hillary fan but the paranoia about her is absurd. she'd need super human powers to do everything she's accused of.
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| jamiemartin721 Reading 05 Oct 16 9.42am |
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Originally posted by nairb75
there's a reason that bankers and hedge fun managers are the ones pushing a flat tax. joe blow thinks it sounds ok until he actually looks into it. I think a flat tax could work, but you also have to apply it to all income, whilst removing other forms of taxation, as well as applying rigorous changes to how company tax and self employment status can be exploited to allow individuals to write off expenses etc. It has to be applied as part of a system that entirely revamps taxation law. Not so that someone can pay 15% and then write off losses etc against it.
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