OT: Most Voters Want Tax Increase to Reduce Debt
dave
budget, raising taxes on the wealthy and cutting Social Security to
reduce the deficit, just 12% said they'd like to see the entitlement
program cut. Forty-three percent said they'd prefer to see taxes on the
wealthy go up, and 22% said cutting the huge defense budget was the best
way to go.
RHF
- ...when respondents were given the choice
- between cutting the defense budget,
- raising taxes on the wealthy
- and cutting Social Security
- to reduce the deficit,
-
- just 12% said they'd like to see
- the entitlement program cut.
OH NO ! Don't Cut My Check !
-but- It OK To Cut He/Her/Their Checks :o)
- Forty-three percent said they'd prefer
- to see taxes on the wealthy go up,
YEAH - Go Ahead and Tax Someone Else* :o)
* As long as it ain't me.
=OR= JUST DO NOTHING AND ALL US INCOME TAXES
WILL INCREASE IN 2011 : THANK YOU PREZ OBAMA !
http://www.atr.org/six-months-untilbr-largest-tax-hikes-a5171
Old Bush 2010 Rates -and- New Obama 2011 Rates
http://www.savingtoinvest.com/2010/04/2010-and-2011-tax-brackets-new.html
* The 10% bracket rises to an expanded 15%
-results-in-a- 50% Tax Increase for the Working Poor
OUCH - A REALLY BIG "THANK YOU" PREZ OBAMA !
Yeah Sure - Democrats Really Know How-To :
Look-After and Care-For Poor Working People
making less than $35K Single / $70K Joint.
* The 25% bracket rises to 28%
-results-in-a- 12% Tax Increase for the Average Worker
OUCH - THANK YOU PREZ OBAMA !
The 28% bracket rises to 31%
-results-in-a- 11% Tax Increase for the
Average Two Income Working Family
OUCH - THANK YOU PREZ OBAMA !
The 33% bracket rises to 36%
-results-in-a- 9% Tax Increase for the
Above Average Two Income Working Family
OUCH - THANK YOU PREZ OBAMA !
The 35% bracket rises to 39.6%
-results-in-a- 13% Tax Increase for the
Highest Two Income Working Family
OUCH - THANK YOU PREZ OBAMA !
Read more on the 'New' Obama Income Tax Rates for 2011
http://www.fivecentnickel.com/2010/02/15/2011-federal-income-tax-brackets-irs-income-tax-rates/
-and-
http://www.atr.org/six-months-untilbr-largest-tax-hikes-a5171##ixzz14v5qJhQM
Actually the Republicans have a Compromise
for Prez Obama :
Prez Obama Wants a New Higher Tax on Incomes
of $250K and above.
The Republicans say that they could agree to
a New Higher Tax on Incomes of $1M and above.
The Half-Way-Point is ~$625K = ($250K+$1M)/2
-or- 2X $250K = $500K {Obama Times Two}
-and- 1/2 of $1M = $500K {Republicans by Half}
Looks like there is room for a Political {Two
Party} Compromise -if- Prez Obama can get past
We Will Do It My-Way -or- Not At All [.] Attitude
Actually -if- the Upper Bracket was Divided and
Stepped from 35% bracket rises to 39.6%{40%}
$375K ~ $750K @ 36% [Income Doubles & 1% Increase]
$751K ~ $1.5M @ 37% [Income Doubles & 1% Increase]
$1.5M+ ~ $3M @ 38% [Income Doubles & 1% Increase]
$3M+ ~ $6M @ 39% [Income Doubles & 1% Increase]
$6M+ ~ $12M @ 40% [Income Doubles & 1% Increase]
+plus+add+2+more+steps+for+the+super+rich+
$12M+ ~ $36M @ 45% [Delta $24M @45% You Keep $13M]
$36M+ @ 50% [After $36M You Keep $1 out of $2]
- and 22% said cutting the huge defense budget
- was the best way to go.
Yeah the USA's Defense Budget {Spending} is Equal
to All of the Rest of the World Combined
-read- World Wide Military Expenditures
http://www.globalsecurity.org/military/world/spending.htm
So a real 5% Reduction each Year for a Decade
would result in a net 40% Reduction in 10 Years
the first Year would yield $55B Savings with
a Decade Total Saving of $3T.
-presently-
USA Defense Spending = $623B
China + Russia Combined Defense Spending = $115B
USA -to- China & Russia = 5.4 to 1
-one-decade-later-
USA Defense Spending = $374B {-5%CR*}
China + Russia Combined Defense Spending = $187B {+5%CR*}
USA -to- China & Russia = 2 to 1
* Compounded Rate +Increase or -Decrease
YES - DOD needs to take some Gradual Long-Term
planned Budget Reductions over a Decade.
'Special Dave' you are special - rotfl ~ RHF
.
.
bpnjensen
> On Nov 10, 1:58 pm, dave <d...@dave.dave> wrote:
>
> - ...when respondents were given the choice
> - between cutting the defense budget,
> - raising taxes on the wealthy
> - and cutting Social Security
> - to reduce the deficit,
> -
> - just 12% said they'd like to see
> - the entitlement program cut.
>
> OH NO ! Don't Cut My Check !
> -but- It OK To Cut He/Her/Their Checks :o)
>
> - Forty-three percent said they'd prefer
> - to see taxes on the wealthy go up,
>
> YEAH - Go Ahead and Tax Someone Else* :o)
> * As long as it ain't me.
>
> =OR= JUST DO NOTHING AND ALL US INCOME TAXES
> Old Bush 2010 Rates -and- New Obama 2011 Rateshttp://www.savingtoinvest.com/2010/04/2010-and-2011-tax-brackets-new....
>
> * The 10% bracket rises to an expanded 15%
> -results-in-a- 50% Tax Increase for the Working Poor
> OUCH - A REALLY BIG "THANK YOU" PREZ OBAMA !
> Yeah Sure - Democrats Really Know How-To :
> Look-After and Care-For Poor Working People
> making less than $35K Single / $70K Joint.
>
> * The 25% bracket rises to 28%
> -results-in-a- 12% Tax Increase for the Average Worker
> OUCH - THANK YOU PREZ OBAMA !
>
> The 28% bracket rises to 31%
> -results-in-a- 11% Tax Increase for the
> Average Two Income Working Family
> OUCH - THANK YOU PREZ OBAMA !
>
> The 33% bracket rises to 36%
> -results-in-a- 9% Tax Increase for the
> Above Average Two Income Working Family
> OUCH - THANK YOU PREZ OBAMA !
>
> The 35% bracket rises to 39.6%
> -results-in-a- 13% Tax Increase for the
> Highest Two Income Working Family
> OUCH - THANK YOU PREZ OBAMA !
>
> -and-http://www.atr.org/six-months-untilbr-largest-tax-hikes-a5171##ixzz14...
> So a real 5% Reduction each Year for a Decade
> would result in a net 40% Reduction in 10 Years
> the first Year would yield $55B Savings with
> a Decade Total Saving of $3T.
> -presently-
> USA Defense Spending = $623B
> China + Russia Combined Defense Spending = $115B
> USA -to- China & Russia = 5.4 to 1
> -one-decade-later-
> USA Defense Spending = $374B {-5%CR*}
> China + Russia Combined Defense Spending = $187B {+5%CR*}
> USA -to- China & Russia = 2 to 1
> * Compounded Rate +Increase or -Decrease
>
> YES - DOD needs to take some Gradual Long-Term
> planned Budget Reductions over a Decade.
>
> -
>
> 'Special Dave' you are special - rotfl ~ RHF
> .
> .
I strongly support a tax increase. Not just for the wealthy but for
myself as well. There is no other way mathematically to get a handle
on the national debt before it becomes so large that we spend all of
our tax dollars paying off interest and we automatically default.
Bruce Jensen
RHF
BpnJ - I will be happy to let you pay
my US Federal Tax Bill ;;-}} ~ RHF
-and- I will throw in the CA State
FTB Taxes for free :o)
-ps- I am truly a kind-hearted 'giving' person :o)
=OR= JUST DO NOTHING AND ALL US INCOME TAXES
WILL INCREASE IN 2011 : THANK YOU PREZ OBAMA !
http://www.atr.org/six-months-untilbr-largest-tax-hikes-a5171
Old Bush 2010 Rates -and- New Obama 2011 Rates
-read-more-about-the-mega-obama-tax-increase-
http://www.savingtoinvest.com/2010/04/2010-and-2011-tax-brackets-new.html
.
Just Say NO To Prez-Obama's-Tax-Slavery©
http://groups.google.com/group/rec.radio.shortwave/msg/4f7f19affdaa6113
.
IMHO Flat-Tax+Plus© is the Fairer Tax for
All Poor, Middle and Rich : Less Paperwork
for the 90% and More Revenue from the 10%
.
Why a Flat Tax PLUS National Tax System Is
Necessary For America's Future Financial Health
http://groups.google.com/group/rec.radio.shortwave/msg/f78ec886a1452bf1
http://groups.google.com/group/rec.radio.shortwave/msg/cec38601cff4632f
.
The Better Alternative Is 1 2 3 4 5 . . . . .
Why a Flat Tax PLUS National Tax System Is
Necessary For America's Future Financial Health
http://groups.google.com/group/rec.radio.shortwave/msg/8503b113a0f6f083
http://groups.google.com/group/rec.radio.shortwave/msg/0af92d0bb6c7fb10
.
.
m II
.
> IMHO Flat-Tax+Plus© is the Fairer Tax for
> All Poor, Middle and Rich : Less Paperwork
> for the 90% and More Revenue from the 10%
Won't work. There was a proposal a few years back called the Ten/Ten
plan. It would apply to everybody and every corporation.
It goes like this:
a) The first ten thousand dollars made is tax exempt.
b) Ten percent of all earnings above that is payable in tax.
c) There are no exemptions or deductions allowed.
The well to do discovered that this simple plan would cause them to pay
roughly 300 percent more in taxes than they do now, under the graduated
system. The fact that it benefits the lower and what's left of the
middle class doesn't matter to them.
mike
RHF
- - On 10-11-10 05:17 PM, RHF wrote:
- - IMHO Flat-Tax+Plus is the Fairer Tax for
- - All Poor, Middle and Rich : Less Paperwork
- - for the 90% and More Revenue from the 10%
- Won't work.
Mike [M II],
Anything will Work with the Full Force of Law
and the Mighty Authority of the US Federal
Government behind it [.]
USA Circa 2000 :
The USA is a Net Importer of Goods; and for a
Nation that is a Consumer Nation a Flat Tax
System based on Point of Sale : Levies the Same
'Equal' Tax on both Imported and Domestic Goods.
Thus Imported Goods Pay Their Fair Share of the
Cost of our American Society and US Government.
USA Circa 1900 :
The old Income System served the USA well when
the USA was a Net Exporter of Goods; cause for
every Exported Item Sold Overseas there was a
[Hidden] Tax based on the Cost of Production which
included the Salaries {Income} paid to produce
it; and the Taxes paid on those Salaries.
Flat-Tax+PLUS : {What's The 'Plus' ?}
The PLUS Part of the Flat Tax System recognizes
that beyond a certain level of Consumption; the
Rich/Wealth do not pay their equal and fair cost
of supporting and maintaining our American Society
and US Government. So above a certain Income level
the High Income Earners* Pay a Flat Tax that is
equal to the National Single Point-of-Sale Sales
Tax.
* Average USA Individual Income $50K -so- The Flat
Income Tax would start at Five Times [5X] that amount
$250K on Individual Incomes with No Deductions.
-note- NO Joint Returns
So whatever the National Flat Sales Tax Rate is : The
National Flat Income Tax Rate would be Double [2X].
* National Flat Sales Tax Rate = 10% / 15% / 20%
-then-double-two-times-
* National Flat Income Tax Rate = 20% / 30% / 40%
.
Corporate Taxes in a National Flat Tax System :
US Corporate* Taxes all Investment/Reinvestment in
the USA is Un-Taxed; and all Foreign** Investment
is Taxed at the National Flat Income Tax Rate.
* Applies to US Charitable Corporations {Foundations}
Do Good {Spend} in the USA Tax Free
-and- Do Good {Spend} in Oversea Pay Flat Tax
** Foreign Corporate Taxes all Investment/Reinvestment
in the USA is Un-Taxed; and all Moneys Sent Overseas
is Taxed at the National Flat Income Tax Rate.
.
.
Why a Flat Tax PLUS National Tax System Is
Necessary For America's Future Financial Health
http://groups.google.com/group/rec.radio.shortwave/msg/f78ec886a1452bf1
http://groups.google.com/group/rec.radio.shortwave/msg/cec38601cff4632f
.
The Better Alternative Is 1 2 3 4 5 . . . . .
Why a Flat Tax PLUS National Tax System Is
Necessary For America's Future Financial Health
http://groups.google.com/group/rec.radio.shortwave/msg/8503b113a0f6f083
http://groups.google.com/group/rec.radio.shortwave/msg/0af92d0bb6c7fb10
.
.
- There was a proposal a few years back called
- the Ten/Ten plan. It would apply to everybody
- and every corporation.
-
- It goes like this:
-
- a) The first ten thousand dollars made is tax exempt.
That is well below the USA's Poverty Level
-so- It would start to Tax part of the Income
of People Living in Poverty. =BAD=
The better System Looks at the National 'Average'
Income and uses that as the "Taxable" Income
Threshold Bench-Mark
-results-in-
1st - The Lower-Half [-50%] of the Income Population
is Un-Taxed : NO Paperwork & No Administration Cost
-note- Reduces the Higher Cost of Administration
for very little relative Tax Revenue.
2nd - The Upper-Half [+50%] of the Income Population
is Taxed : Requiring Paperwork plus Administration
Cost
-note- Lower Cost of Administration for every
Tax Dollar Collected and Greater Tax Revenue.
The Poverty Level Plus Alternative :
By using Two to Three Times [2X~3X] The Poverty Level
Income as the "Taxable" Income Threshold Bench-Mark
The Average Plus One Sigma Alternative :
Places 59% {6 out of 10} Income Earners below
the "Taxable" Income Threshold Bench-Mark
- b) Ten percent of all earnings above that is
- payable in tax.
The general 'estimate' is a Flat Tax would have
to be around 17%~18% to meet the Revenue needs
of the US Federal Government.
- c) There are no exemptions or deductions allowed.
That is Good and Fair since it treats all Income
Equally; irrespective of personal circumstances.
- The well to do discovered that this simple plan
- would cause them to pay roughly 300 percent more
- in taxes than they do now, under the graduated
- system.
Beyond Basic Needs for Living and Luxury Items
to Enrich Life "The Well-to-Do" have a part of
their Income and Wealth that is Excessive and
Disposable : Which Should in-the-name-of 'Social
Justice' be Taxed at a Higher Rate then the
Average Working Man/Women Supporting a Family.
- The fact that it benefits the lower and what's
- left of the middle class doesn't matter to them.
Who is 'them' ? : "The Well-to-Do" ?
The Tax System should Benefit All Members of
Society Equally : Poor, Average and Rich.
Plus the Tax System should Support Society and
the Government to Assure Equitable of Basic
Rights within the Society and Uniformity of
Basic Services provided by the Government to
All Citizens.
- mike
.
John Smith
Funny, but, I am left with the feeling that all these people polled live
in some other part of the country than me. I don't know of a single
person who wants a tax increase. I have a large family; I have a lot of
friends; And, I attempt to invoke a lot of people in discussion about
these things as I stand in lines, fill my car with gas, have coffee at
starbucks, etc.
Why are the people "somewhere else" always polled and not where I am.
Makes me awfully suspicious of these "polls!"
WE WANT SPENDING CUTS IN THE MILITARY AND NON-ESSENTIAL PROGRAMS,
FUNDING, GRANTS, ETC.
Regards,
JS
cuh...@webtv.net
Westoration
That area is a mile and a half - two miles East behind doggy's couch.
People turning run down areas (not ghettos) into Good areas.
cuhulin
dave
cuh...@webtv.net
cuhulin