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 Post Number: 31
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Albert Lea
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PostIcon Posted on: Jul. 13 2012,11:28 pm  Skip to the next post in this topic. Ignore posts   QUOTE

Federal taxes lowest in 30 years under President Obama

http://www.washingtonpost.com/busines...ry.html


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PostIcon Posted on: Jul. 14 2012,9:55 am Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE

Not bad considering 53% didnt pay any at all.
Why dont they pay their fair share?????
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PostIcon Posted on: Jul. 14 2012,7:22 pm Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE

^Is it 53% now? That is so depressing if it's true.

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Albert Lea
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PostIcon Posted on: Jul. 14 2012,9:29 pm Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE

Progressive taxes attempt to reduce the tax of people with a lower ability-to-pay, as they shift them increasingly to those with a higher ability-to-pay.

http://en.wikipedia.org/wiki/Progressive_tax

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PostIcon Posted on: Jul. 15 2012,2:36 am Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE

Unfortunately our progressive tax system has produced a nation of deadbeats and thugs. If you want fair, go with a consumption tax, that everyone pays.

Yeah, "attempt" that's a good word.


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PostIcon Posted on: Jul. 15 2012,3:01 pm Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE

Regressive taxes impose a greater burden (relative to resources) on the poor than on the rich — there is an inverse relationship between the tax rate and the taxpayer's ability to pay as measured by assets, consumption, or income.

http://en.wikipedia.org/wiki/Regressive_tax

A National Sales Tax is a Regressive tax.. The poor get poorer and the rich get richer..

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PostIcon Posted on: Jul. 15 2012,3:09 pm Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE

^ Life's tough buttercup.

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PostIcon Posted on: Jul. 15 2012,3:16 pm Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE

And now our socialist president is going to circumvent the welfare reform of 1996 so that work requirements won't be enforced. :frusty:

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PostIcon Posted on: Jul. 15 2012,10:56 pm Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE


(alcitizens @ Jul. 15 2012,3:01 pm)
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A National Sales Tax is a Regressive tax.. The poor get poorer and the rich get richer..

Here you go, this is a quote from your own wiki reference.

"A value added tax or other sales tax on food and other essentials such as clothing, transport, and residential rents can be regressive."

It would depend how a national sales tax was actually set up.  If you don't tax items with low income elasticity of demand, which is how the currect state sales tax is kind of set up then it may not be regressive.
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PostIcon Posted on: Jul. 16 2012,4:40 am Skip to the previous post in this topic.  Ignore posts   QUOTE

^ In other words no tax on food and clothes, I would be all for that but with the libs in government they'd most likely want to tax these too, just like our health care.

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