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Changing from Mitt to Newt
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stevenbard



Joined: 11 Nov 1993
Posts: 4056

PostPosted: Fri Feb 03, 2012 1:37 pm    Post subject: Reply with quote

Flat tax=Post Card for your tax return. Eliminate lobbyists and accountants.
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pueno



Joined: 03 Mar 2007
Posts: 2638

PostPosted: Fri Feb 03, 2012 1:44 pm    Post subject: Reply with quote

stevenbard wrote:
Flat tax=Post Card for your tax return. Eliminate lobbyists and accountants.

I can just hear what the rabid rabble right would say if Obama instituted flat taxes and eliminated accountants.

"OBAMA'S KILLING JOBS AGAIN!!"
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techno900



Joined: 28 Mar 2001
Posts: 1452

PostPosted: Fri Feb 03, 2012 1:55 pm    Post subject: Reply with quote

boggsman1 said:
Quote:
Australia is much more "socialistic" than the Us and the quality of life there is excellent. Canada is also "socialistic", with higher taxes than US, and quality of life there is excellent.

The logical deduction here is that the more taxes you pay, the higher the quality of life.

No wonder that the 48% of the US citizens that pay no income tax are not too happy.

Just having some fun here, don't take me too seriously.
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mac



Joined: 07 Mar 1999
Posts: 5138

PostPosted: Fri Feb 03, 2012 1:56 pm    Post subject: Reply with quote

flat tax, flat head? Question
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capetonian



Joined: 11 Aug 2006
Posts: 897
Location: Oahu

PostPosted: Fri Feb 03, 2012 2:10 pm    Post subject: Reply with quote

pueno wrote:
stevenbard wrote:
Flat tax=Post Card for your tax return. Eliminate lobbyists and accountants.

I can just hear what the rabid rabble right would say if Obama instituted flat taxes and eliminated accountants.

"OBAMA'S KILLING JOBS AGAIN!!"


Since lobbyists and tax accountants don't contribute to the productive capacity of this country, I won't be shedding any tears for them.
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boggsman1



Joined: 24 Jun 2002
Posts: 3512
Location: at a computer

PostPosted: Fri Feb 03, 2012 2:43 pm    Post subject: Reply with quote

techno900 wrote:
boggsman1 said:
Quote:
Australia is much more "socialistic" than the Us and the quality of life there is excellent. Canada is also "socialistic", with higher taxes than US, and quality of life there is excellent.

The logical deduction here is that the more taxes you pay, the higher the quality of life.

No wonder that the 48% of the US citizens that pay no income tax are not too happy.

Just having some fun here, don't take me too seriously.

Ok, I wont. No , certainly that is not the case. My point is that there is a lot of socialism in our lives already, it aint that bad. Europe is a financial mess, but its a great place...maybe we need to live with our parents , and drink lots of wine.
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pueno



Joined: 03 Mar 2007
Posts: 2638

PostPosted: Fri Feb 03, 2012 3:31 pm    Post subject: Reply with quote

capetonian wrote:

Since lobbyists and tax accountants don't contribute to the productive capacity of this country, I won't be shedding any tears for them.

Nor I, but that's not the point.
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keycocker



Joined: 10 Jul 2005
Posts: 3334

PostPosted: Fri Feb 03, 2012 6:22 pm    Post subject: Reply with quote

The main work of lobbyists-bribery- will go on.The main work of accountants is not searching special tax exemptions. It is tracking the money spent in businesses. Your tax form will be almost as hard to prepare if you are a business. You can't just look in the cash register at the end of the year and send in 15 percent of the money that is left.
In a business return your expenses are deductions. In my biz that is thousands of items that are deductible even in a flat tax system.
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swchandler



Joined: 08 Nov 1993
Posts: 5771

PostPosted: Fri Feb 03, 2012 7:10 pm    Post subject: Reply with quote

You know, Dan is spot on. If changes to income tax rules and regulations are to be addressed and streamlined, it must still be predicated on a progressive tax system. I'm absolutely firm in a progressive tax structure, and I'm convinced that our representatives in Congress will ultimately recognize that overall. Wealthier folks can practically afford to pay more percentage wise. Fairness is based on the pragmatic costs and requirements to live. Folks making hundreds of times more than that are hardly being picked on unfairly when asked to pay a little bit more.
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stevenbard



Joined: 11 Nov 1993
Posts: 4056

PostPosted: Fri Feb 03, 2012 8:39 pm    Post subject: Reply with quote

Like I said earlier, super wealthy folks are just "donating" their fortunes back to themselves, so pay no taxes. The super hard working $200k-400k folks don't have that much money, so they just pay and set up family trusts.

Key, it is just that simple. The business man totals his "net income" at the end of the year, and sends 15% off to Washington. It should be that easy. No depreciation, no fancy lunches, no junkets to Hawaii. Just pure business expenses. I suppose there would be some arguement about Hawaii. Confused
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