Times are tough all over

[lookout123]

I'll say it again. 1% on every dollar earned up to $35,000. 15% on every dollar earned over $35,000. No loopholes, no credits, no deductions, no need to pay thousands of accountants, no need to pay thousands of IRS agents to go through audits line by line.

There's your income. Now start cutting expenses.
Medical care for illegals? nope, buh bye.
Education for illegals? nope, buh bye


Vastly increase the speed and ease for legal immigration while making the penalty for illegal immigration well and truly prohibitive.

Start counting the savings.

[BigV]

If avoiding contributing and avoiding work is such a sweeet deal, why do so many many many more people choose instead to work hard, earn income, pay taxes, knowing that some portion of their taxes, however small, will be given to these freeloaders?

Are all of us, including you with your four jobs, stoopid?

[BigV]

Originally Posted by lookout123

I'll say it again. 1% on every dollar earned up to $35,000. 15% on every dollar earned over $35,000. No loopholes, no credits, no deductions, no need to pay thousands of accountants, no need to pay thousands of IRS agents to go through audits line by line.

There's your income. Now start cutting expenses.
Medical care for illegals? nope, buh bye.
Education for illegals? nope, buh bye


Vastly increase the speed and ease for legal immigration while making the penalty for illegal immigration well and truly prohibitive.

Start counting the savings.

That's appealing. What do you consider income? Wages, I imagine. What about interest and dividends and capital gains? What about entitlements, like social security or survivor benefits and annuities from the government?

[lookout123]

I'd say the majority want to make a go of it and succeed on their own. Unfortunately there are a lot of people that are just looking for the scam. those that are genuinely on hard times and need help usually go about it quietly and do whatever it takes to get back on their feet again ASAP.

[TheMercenary]

Originally Posted by lookout123

I'll say it again. 1% on every dollar earned up to $35,000. 15% on every dollar earned over $35,000. No loopholes, no credits, no deductions, no need to pay thousands of accountants, no need to pay thousands of IRS agents to go through audits line by line.

There's your income. Now start cutting expenses.
Medical care for illegals? nope, buh bye.
Education for illegals? nope, buh bye


Vastly increase the speed and ease for legal immigration while making the penalty for illegal immigration well and truly prohibitive.

Start counting the savings.

I think that some 15-30million illegals have an impact on our economy. Some of it positive some of it negative. I do not believe they put back into it the majority of what they get out of it. That bleeder needs to be stopped..

[Sundae]

Tod: You know, Mrs. Buckman, you need a license to buy a dog, to drive a car - hell, you even need a license to catch a fish. But they'll let any butt-reaming asshole be a father.

... and add own a TV in this country.
And yet I'm jumping through hoops to be a mentor 4 hours a week.
I do agree with the fact I'm being thoroughly vetted.
It's right.

But I do face a terrible liberal dichotomy re people having children.
- It's a natural urge - support it as best your economy can.
- There are people out there who are unfit parents! Stop them!
- There are women out there who just like pregnancy/ babies - why should we pay for them? Put a limit on it!

Actually that's a trichotomy - if such a thing exists.

[lookout123]

Originally Posted by BigV

That's appealing. What do you consider income? Wages, I imagine. What about interest and dividends and capital gains? What about entitlements, like social security or survivor benefits and annuities from the government?

Capital Gains is already capped at 15% in a very simple profit/loss calculation. Leave it alone.
Dividends and interest are already considered income and taxed at an individual's rate.

Social Security, survivor benefits, and annuities are income and should be taxed as such.

Of course, being the even tempered individual I am I also suggest that any lobbyist or politician who actually suggests deviating form the code to add deductions or credits for any reason should be executed on the spot and left as a lesson to those that would try to gain special status again.

[TheMercenary]

Originally Posted by BigV

That's appealing. What do you consider income? Wages, I imagine. What about interest and dividends and capital gains? What about entitlements, like social security or survivor benefits and annuities from the government?

I would not consider including entitlements as you have them listed above as taxable. And the only retirement I would tax exempt is that for a disabled vet.

[BigV]

Ok, thanks for answering.

What about the difference between individual and corporate tax systems? Your thoughts?

eta: So you would place the floor and the ceiling for capital gains at %15?

[TheMercenary]

I think very few Corps should get any tax breaks. If they do because they provide some special service it should be limited in scope and time.

[BigV]

I also want to say that I find the 1% rate from $0 to $35,000 a very good idea.

We *all* contribute.

[lookout123]

Corporate tax code:

revenue under $1,000,000 annually is taxed at 5%.
revenue over $1,000,001 annually is taxed at 10%.

No deductions, no incentives. Produces income for the gummint. Reduces attractiveness for practices that lead to accounting scandals. Companies can quit spending millions trying to avoid taxes.

[Aliantha]

Originally Posted by lookout123

Medical care for illegals? nope, buh bye.

We have a situation in northern Australia at the moment, where Papuan traders are comming ashore on Torres Straight islands to trade, bringing with them people infectected with a new strain of TB. ATM, these people are being treated by Australian doctors illegally in order to try and prevent further spread of the disease into the rest of Australia. Considering one Torres Straight island is only 3km from Papua, it's difficult to stop the traditional traders from visiting, especially as until about 20 years ago, some parts of Papua were under Australian authority.

[lookout123]

15% Capital Gains tax is ok, but lower would be better because the big players move their money and pay their 15% because they are looking at the big picture. Joe Six pack quite often makes horrible investment decision because he doesn't want to "lose" 15% of his gains to the government, thus setting himself up for a crushing when the market turns.

In the end I don't think any of those numbers actually matter so long as they are clear, strict, and enforced. There are two sides to every equation and the income side is less important than the expense side.

The budget should absolutely be balanced and we should absolutely ditch the obscene "progressive" tax system we use. It is simply a political tool to enslave us in class warfare.

[lookout123]

Originally Posted by Aliantha

We have a situation in northern Australia at the moment, where Papuan traders are comming ashore on Torres Straight islands to trade, bringing with them people infectected with a new strain of TB. ATM, these people are being treated by Australian doctors illegally in order to try and prevent further spread of the disease into the rest of Australia. Considering one Torres Straight island is only 3km from Papua, it's difficult to stop the traditional traders from visiting, especially as until about 20 years ago, some parts of Papua were under Australian authority.

I see where you're going and let me assure you that I know none of my ideas will ever be accepted and put into practice. I like simple, well defined laws that don't require an advanced degree and legal representation to enforce. That doesn't play well with lawmakers.

That being said, I've stated my position here before. Overhaul the immigration system here to allow anyone in who can actually find a job. No job? No entry. That is step one. Step two involves enforcing that legal process by absolutely destroying any company willfully employing illegals. Dry up the income which is the motivation for illegals coming in the first place. Step three involves creating truly painful penalties for those caught here illegally. Incarceration? Yep, in tent cities. When they are released they will be returned to the airport within their country of origin that is furthest from US borders.