As i self medicate, this idea will turn our economy around

[KBScobravert]

YES!!! This works in all other countries!!! look at powerful african countries... look at the powerful USSR, look at CUBA... lets cut off all help to the elderly, poor, and illegals... I mean the elderly f-them right there dried up. poor who needs them we should gas them like hilter did the jews..... and the illegals dont let me get started because all they do is come here and sit around and have babies... we should all be nazis.... but wait, i am american, i am poor and i am in dept, so does that mean i will be gassed too? if i am then 6 people will be gassed because my bussiness wont operate and they will be left without a job...

what to do, yea, pay the high interest on the loans, you took them out, and you pay high taxes while the REAL rich dont pay anything or at least a small fraction of the money they are really making, thats the thing SOME middle class THINK they are a part of the wealthy. YOUR NOT, you think because you make over 100k a year and have your little 250k home your someone... your no better than the guy making 15k renting an apt.... do you think the REAL rich pay high interest loans, do you think they pay high taxes, no, but we do!!! so yes lets cut all goverment aid to our own people, go pick fights with other counrties and aid them right..... let the buffets and gates have the real breaks............ oh and the Barrack did not mess this economy up...... its been happening for a very long time................... sorry for my grammer and runons i am ranting

sorry just tired of hearing all this SH!T

The elderly (who worked) paid SS and where promised a return and they should receive it. Illegals are breaking the law and should be punished just like I am punished if I break the law. Poor, what is poor?

My comment was meant for the cradle to grave baby makers who are populating the ghetos just to get a check they think they "Deserve". My comment was directed towards the generations upon generations who have zero job history and receive a check they think they "Deserve".

Good luck on judging me like you know me personally. I do not consider myself anywhere near wealthy. I work long hours (84hrs a week) for what I have; something our welfare recipients need to learn. I know good damn well that if I am not working, I get nothing and will lose everything; something our welfare recipients don't understand.

[46Tbird]

let the buffets and gates have the real breaks............

How much did Buffet and Gates pay in taxes last year? I'm going to call you on it since you make it sound like you have a fucking clue.

My guess is they paid more in personal income tax than the 47% of Americans that didn't pay one dime.

[Denny]

2010, I made the most I've ever made in my life and I ended up having to pay less than 11% of my total income to the IRS. I claimed my exempt status and kept everything, paying when I filed in April 2011. I did have some good deductions. I'm an itemizing fool!

I bet WB paid more of a percentage than me. Definately more overall. LOL

[juiceweezl]

How much did Buffet and Gates pay in taxes last year? I'm going to call you on it since you make it sound like you have a fucking clue.

My guess is they paid more in personal income tax than the 47% of Americans that didn't pay one dime.

A quick search continually pulls up this statement:

Buffett stated that he only paid 19% of his income for 2006 ($48.1 million) in total federal taxes (due to their being from dividends & capital gains), while his employees paid 33% of theirs, despite making much less money.

I briefly searched for 2010, and I'm not searching anymore. I think the point that is trying to be made (rather weakly) is that "rich" are able to take certain deductions, create tax shelters, etc. because they have the excess money to do that. Those of us like myself (whom I consider middle to upper middle with a typical household income of $150 plus - wealthy according to D.C.) aren't in a position to take advantage of those tax breaks. Therefore, we pay a higher percentage of taxes.

The flip side that he's ignoring is that in this case, 19% of 48 million dwarfs 33% of 100K.

Oh, and they definitely paid more than the large number that paid nothing.

Personally, I think the entire tax law should be shredded and created anew. While I don't think corporations should carry the burden of the worthless part of our society, a company like GE shouldn't get away with a ZERO income tax bill for 2 consecutive years when they were obviously profitable. I like a straight sales tax approach myself. That way, an individual's choice to consume (and what to consume) governs the amount of taxes you pay. So, if you want to put $3K wheels on that Ford Festiva, then go right ahead -- you'll just pay 20% in tax on them.

[Bad A$$ Coupe]

http://www.washingtonpost.com/wp-dyn/content/article/2007/06/27/AR2007062700097.html

and kbsco i do NOT know you, and i am not judging you simply commenting on your comment... i too work 80-90 hrs a week shit maybe even more.... but i have been on foodstamps... i have been rasied by a mother that had 5 kids with no hikeshool education... was it her fault getting prego with me at age 14? maybe, was it my grandparents fault? you could blame them but then there is my other 7 uncles and 1 aunt that all waited and got married and bought homes just like most americans all rasied by the same grandparents.... i am not saying your wrong but your sure not fucking right!! my cousin is metally ill, should we pull his check because hes never worked a day in his life?
should we blame MOST people for not having jobs, shit i lost 3 jobs because they outsourced them to india...... i own my business and i can show you on paper how much us small businesses are being taxed, we get hit harder than anyone else.....

[Denny]

A quick search continually pulls up this statement:

Buffett stated that he only paid 19% of his income for 2006 ($48.1 million) in total federal taxes (due to their being from dividends & capital gains), while his employees paid 33% of theirs, despite making much less money.

I briefly searched for 2010, and I'm not searching anymore. I think the point that is trying to be made (rather weakly) is that "rich" are able to take certain deductions, create tax shelters, etc. because they have the excess money to do that. Those of us like myself (whom I consider middle to upper middle with a typical household income of $150 plus - wealthy according to D.C.) aren't in a position to take advantage of those tax breaks. Therefore, we pay a higher percentage of taxes.

The flip side that he's ignoring is that in this case, 19% of 48 million dwarfs 33% of 100K.

Oh, and they definitely paid more than the large number that paid nothing.

Personally, I think the entire tax law should be shredded and created anew. While I don't think corporations should carry the burden of the worthless part of our society, a company like GE shouldn't get away with a ZERO income tax bill for 2 consecutive years when they were obviously profitable. I like a straight sales tax approach myself. That way, an individual's choice to consume (and what to consume) governs the amount of taxes you pay. So, if you want to put $3K wheels on that Ford Festiva, then go right ahead -- you'll just pay 20% in tax on them.

Just because the average person doesn't understand tax law and are responsible for keeping track of their spending that are also deductables. Trust me, that 19% was WAY after deducting shit. Remember, he knows money. Most people only know how to spend 105% of their paycheck and how to hold off until their next one.

[Denny]

http://www.washingtonpost.com/wp-dyn...062700097.html

and kbsco i do NOT know you, and i am not judging you simply commenting on your comment... i too work 80-90 hrs a week shit maybe even more.... but i have been on foodstamps... i have been rasied by a mother that had 5 kids with no hikeshool education... was it her fault getting prego with me at age 14? maybe, was it my grandparents fault? you could blame them but then there is my other 7 uncles and 1 aunt that all waited and got married and bought homes just like most americans all rasied by the same grandparents.... i am not saying your wrong but your sure not fucking right!! my cousin is metally ill, should we pull his check because hes never worked a day in his life?
should we blame MOST people for not having jobs, shit i lost 3 jobs because they outsourced them to india...... i own my business and i can show you on paper how much us small businesses are being taxed, we get hit harder than anyone else.....

You work over 80 hours a week? Can I see a timesheet? LOL That's close to 12 hours a day EVERY DAY.

Most small business owners put themselves in their own taxing issues (pun intended).

[juiceweezl]

Just because the average person doesn't understand tax law and are responsible for keeping track of their spending that are also deductables. Trust me, that 19% was WAY after deducting shit. Remember, he knows money. Most people only know how to spend 105% of their paycheck and how to hold off until their next one.

I don't disagree with your statement one bit nor do I fault anyone for taking advantage of the allowed deductions. I just think the system should be overhauled entirely. I'm willing to bet that a lot of people like you, myself, and many others that are frugal even when making expenditures would pay even less in taxes if it were straight sales tax. I don't wear designer anything. I think every item of clothing I buy is on sale or clearance or comes from work (even better). I take care of what I have and make it last whether it's a pair of shoes or my 15 year old truck. I'm all for a straight sales tax, even more than a fair tax.

[Bad A$$ Coupe]

You work over 80 hours a week? Can I see a timesheet? LOL That's close to 12 hours a day EVERY DAY.

Most small business owners put themselves in their own taxing issues (pun intended).

yes i do and come by anytime here at the shop, i open this motha at 7am and leave somewhere around 7-8 mon-sat and i employ 7 people....

thats not including the f-ing phone calls when i get home and the shit i do sundays

and most small business owners dont put themselves there we are put there.... its not like i can walk in to cogress and start changing laws like billionares can

[Denny]

I don't disagree with your statement one bit nor do I fault anyone for taking advantage of the allowed deductions. I just think the system should be overhauled entirely. I'm willing to bet that a lot of people like you, myself, and many others that are frugal even when making expenditures would pay even less in taxes if it were straight sales tax. I don't wear designer anything. I think every item of clothing I buy is on sale or clearance or comes from work (even better). I take care of what I have and make it last whether it's a pair of shoes or my 15 year old truck. I'm all for a straight sales tax, even more than a fair tax.

If it was the case, 10% across the table (with more participation) would bring in more revenue overall. It might be enough motivation to get people moving.

[KBScobravert]

http://www.washingtonpost.com/wp-dyn...062700097.html

and kbsco i do NOT know you, and i am not judging you simply commenting on your comment... i too work 80-90 hrs a week shit maybe even more.... but i have been on foodstamps... i have been rasied by a mother that had 5 kids with no hikeshool education... was it her fault getting prego with me at age 14? maybe, was it my grandparents fault? you could blame them but then there is my other 7 uncles and 1 aunt that all waited and got married and bought homes just like most americans all rasied by the same grandparents.... i am not saying your wrong but your sure not fucking right!! my cousin is metally ill, should we pull his check because hes never worked a day in his life?
should we blame MOST people for not having jobs, shit i lost 3 jobs because they outsourced them to india...... i own my business and i can show you on paper how much us small businesses are being taxed, we get hit harder than anyone else.....

The mentally ill are the responsibility of the “community (us, the .gov)”; yes they should be taken care of if they cannot do for themselves. That is what I feel like my SS contributions each month are for, to help my fellow citizens who truly need it. I had a cousin in the same boat but he passed at the age of 7 due to tumors, the medical bills bankrupted my aunt/uncle, they divorced and are both back on their feet prospering 10 years later.

People who chose not to work or have made poor decisions in life should not be my responsibility.

Regarding the rest of your post; Samuel Jackson and The Rock had a great onliner in The Other Guys. The opening scene with the Rock on the roof of the truck and asked how did he end up there, Jackson's character responded "I chalk it up to poor life choices." I find that fitting for 90% of people’s bad luck. I have a brother who is a worthless POS and a sponge. Anyway, my point is we were both raised the same. He made poor life choices I chose to take the other road.

I am 35, my wife 30; we have no kids because up until recently we told ourselves we were not going to bring children into this world until we could provide for them in a financially responsible manner. Most of the WORLD should follow the same advice.

[juiceweezl]

If it was the case, 10% across the table (with more participation) would bring in more revenue overall. It might be enough motivation to get people moving.

I like 10% even more. Most nations that use a VAT though I think are in the 17.5% to 22.5% range. I just like the fact that someone who draws unemployment or other assistance will now have to contribute tax dollars based on their ignorance for buying a $150 pair of tennis shoes, $85 jeans, etc. Me on the other hand, I'll stick with my $150 shoes that I got for $25 on the clearance rack, the $12 jeans I bought with 8 discounts at Kohl's, etc. and pay far less in taxes.

Also, as you suggested, many people would have more income to throw around if they so desired. I would use the extra money to pay off my current house faster so I can move on to getting my rental property paid down even faster after that. Neither of those moves involve me paying taxes though.

[Denny]

yes i do and come by anytime here at the shop, i open this motha at 7am and leave somewhere around 7-8 mon-sat and i employ 7 people....

and most small business owners dont put themselves there we are put there.... its not like i can walk in to cogress and start changing laws like billionares can

So, roughly 60-70 hours? 6 x 10ish (taking lunches out, of course). Definately not 80-90, though.

ALL business owners put themselves where they are. No one forced anyone to make a business, doing a certain service or making a certain product, at that cetain location with a certain amount of employees. Put your violin away. No one is listening to the sad song.

[Denny]

I like 10% even more. Most nations that use a VAT though I think are in the 17.5% to 22.5% range. I just like the fact that someone who draws unemployment or other assistance will now have to contribute tax dollars based on their ignorance for buying a $150 pair of tennis shoes, $85 jeans, etc. Me on the other hand, I'll stick with my $150 shoes that I got for $25 on the clearance rack, the $12 jeans I bought with 8 discounts at Kohl's, etc. and pay far less in taxes.

Also, as you suggested, many people would have more income to throw around if they so desired. I would use the extra money to pay off my current house faster so I can move on to getting my rental property paid down even faster after that. Neither of those moves involve me paying taxes though.

Ya, we are some spending fools! Let us bring home more a paycheck and think we're getting a deal, it's on!!!

[Broncojohnny]

I like the part where the government owes people money just because they are breathing.