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A lot; before Reagans "reforms" we already taxed them less than any other industrialized state did. Joel Send a noteboard - 03/09/2009 05:06:00 AM
I mean between income taxes, social security, and medicare they pay out nearly 1/2 of their income to the government each year.

Yeah, that number may drop some after credits and other programs they can take advantage of, but at some point you just can't raise taxes any further.

The reality (in my mind at least) is that our government is an extremely wasteful entity. Nearly every program they run is rife with corruption, overspending, pocket stuffing, and other rubbish that doesn't need to be there.

The reality is that for all the talk of stifling growth and mass exoduses the only places investors have to go with less taxes are ones where they wouldn't live for all the money in the world. How much more? Ask the Beatles, just a few of many individuals who actually DID leave a country with high taxes on the wealthy in favor of one where taxes were much lower and the living standards nearly as high: America.

People may set flock to tax havens in places like the Bahamas, may even live there much of the time, but they don't buy their cars and computers there. They won't be going to anonymous Swiss bank accounts anymore because the Swiss are rolling over on US tax cheats (which is long overdue. )

So, yeah, we could go back to the 42% highest rate under Clinton. Or the 50% prior to Reagan "reforming" the tax code so those earning the most paid less and those earning the least paid more. Funny how those screaming about abusive tax policies never minded raising taxes on the working poor to finance reduced taxes on the independently wealthy.... :rolleyes:
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For Europeans who don't understand why Americans are against ObamaCare Tom - 03/09/2009 04:24:35 AM 1257 Views
I'd be happy to tax top "earners" more and suffer Europes economic "collapse. " Joel - 03/09/2009 04:30:31 AM 727 Views
The US will never work with socialism. Tom - 03/09/2009 04:40:21 AM 795 Views
Re: The US will never work with socialism. Joel - 03/09/2009 04:58:47 AM 780 Views
I don't think the mistrust of the government is really all that overblown Brian - 03/09/2009 05:04:34 AM 714 Views
It's advanced beyond what it was during the Revolution, I think. Joel - 03/09/2009 05:18:22 AM 752 Views
I would say it's grown with the government Brian - 03/09/2009 05:23:52 AM 732 Views
The key is that government shouldn't be heavily involved in personal lives. Joel - 03/09/2009 05:58:39 AM 764 Views
Re: I don't think the mistrust of the government is really all that overblown Kylia Skydancer - 04/09/2009 03:30:23 AM 678 Views
If I lived in France I wouldn't trust the Government either. Brian - 04/09/2009 03:44:55 AM 744 Views
*laughs* the point is taken. *NM* Kylia Skydancer - 04/09/2009 04:24:07 AM 472 Views
Re: The US will never work with socialism. Kylia Skydancer - 04/09/2009 03:28:24 AM 837 Views
How much more can we really tax the wealthy?? Brian - 03/09/2009 04:41:14 AM 638 Views
Sadly, I think going back to the Clinton rates would help Tom - 03/09/2009 04:42:54 AM 617 Views
I'm ok with that....not super excited....but ok with it Brian - 03/09/2009 04:57:32 AM 638 Views
A lot; before Reagans "reforms" we already taxed them less than any other industrialized state did. Joel - 03/09/2009 05:06:00 AM 755 Views
I'm in the lower-middle class tax bracket Brian - 03/09/2009 05:13:39 AM 682 Views
It's both, IMHO. Joel - 03/09/2009 05:29:41 AM 605 Views
I hear a lot of socialism coming from you..... trzaska2000 - 03/09/2009 05:19:08 AM 618 Views
Re: I hear a lot of socialism coming from you..... Joel - 03/09/2009 05:40:32 AM 702 Views
Nice non-answer answer..... trzaska2000 - 03/09/2009 05:52:04 AM 712 Views
You want detailed answers that require detailed data I don't have. Joel - 03/09/2009 06:06:55 AM 768 Views
Here are some facts and analyses..... trzaska2000 - 03/09/2009 02:40:22 PM 820 Views
The Heritage Foundation, huh? Joel - 03/09/2009 03:01:17 PM 826 Views
The non-working wealthy? Please quantify..... trzaska2000 - 03/09/2009 03:31:58 PM 786 Views
So you accept the CBOs assessment the House healthcare bill will be $1 trillion over the next decade Joel - 04/09/2009 03:02:13 AM 699 Views
Wow, that was one of the dumbest posts I have ever read..... trzaska2000 - 05/09/2009 05:42:45 AM 743 Views
So you're saying you DON'T proofread...? Joel - 05/09/2009 05:59:49 AM 866 Views
Paris Hilton? Kylia Skydancer - 04/09/2009 03:43:19 AM 693 Views
You're so full of shit on this issue I don't know where to begin. Tom - 04/09/2009 03:15:55 AM 802 Views
Re: You're so full of shit on this issue I don't know where to begin. Joel - 04/09/2009 03:59:21 AM 886 Views
Less than 200 people were said to be US persons with Swiss accounts Сталин - 04/09/2009 04:16:24 AM 691 Views
And yet account for many millions of dollars; what does that say...? Joel - 04/09/2009 04:21:57 AM 682 Views
It's statistically insignificant and your hyperbole is reminiscent of screaming guests on CNN. Сталин - 04/09/2009 02:07:31 PM 618 Views
Well, look at this way: Joel - 04/09/2009 02:24:03 PM 747 Views
That's not a solution. Сталин - 05/09/2009 02:39:12 AM 750 Views
The Soviets weren't socialist, or even communist, so it's a false comparison. Joel - 05/09/2009 03:09:06 AM 697 Views
Okay, now you've just gone into Kool-aid drinking territory. Сталин - 05/09/2009 04:32:07 AM 816 Views
Communist THEORY is predicated on democratic participation at every level,totally absent in the USSR Joel - 05/09/2009 04:55:00 AM 938 Views
FINALLY!!! Kylia Skydancer - 07/09/2009 10:22:53 AM 729 Views
Ever heard of the 20-80 rule? Kylia Skydancer - 04/09/2009 04:28:54 AM 611 Views
Yes, and 90% of people are idiots. Сталин - 05/09/2009 02:41:35 AM 915 Views
Re: Yes, and 90% of people are idiots. Kylia Skydancer - 07/09/2009 10:09:30 AM 735 Views
Top earners? Please define.....what income and how much more? *NM* trzaska2000 - 03/09/2009 04:52:25 AM 488 Views
That would be open to definition, and should change with inflation. Joel - 03/09/2009 05:13:02 AM 868 Views
What is your justification for taking over 50% of anyone's income? trzaska2000 - 03/09/2009 05:28:22 AM 809 Views
That's a good example of why I say the rate has to be set to cost of living. Joel - 03/09/2009 05:50:16 AM 831 Views
Still no comment on the fact that 40% of Americans don't pay any income taxes? trzaska2000 - 03/09/2009 02:32:12 PM 752 Views
To what 40% do you refer? Joel - 03/09/2009 02:42:55 PM 612 Views
Dude, you are not making this easy..... trzaska2000 - 03/09/2009 03:38:01 PM 652 Views
No one "gets money from the IRS. " Joel - 04/09/2009 02:55:02 AM 658 Views
Actually with EIC you can get money back that you never paid in. Brian - 04/09/2009 02:56:43 AM 650 Views
It MIGHT be possible with the EIC, but in practice few people get more than they paid. Joel - 04/09/2009 03:43:36 AM 702 Views
I don't know, I've known plenty of people that have gotten more back than they paid in Brian - 04/09/2009 03:46:29 AM 782 Views
A neat trick then. Joel - 04/09/2009 04:09:58 AM 778 Views
To be fair Brian - 04/09/2009 04:50:20 AM 712 Views
Ah, gotcha. Joel - 04/09/2009 04:53:58 AM 729 Views
Yet another example of your ignorance on tax policy. Tom - 04/09/2009 03:19:39 AM 600 Views
The word I notice is "welfare" Kylia Skydancer - 04/09/2009 03:57:01 AM 713 Views
I wouldn't say that's what it means.... Brian - 04/09/2009 04:02:40 AM 719 Views
It's what welfare means to me... Kylia Skydancer - 04/09/2009 04:32:17 AM 728 Views
I was just talking about EIC as a form of welfare, not welfare welfare. *NM* Brian - 04/09/2009 04:45:13 AM 418 Views
yes, I get that now. *NM* Kylia Skydancer - 04/09/2009 05:02:53 AM 404 Views
*NM* Brian - 04/09/2009 05:14:01 AM 399 Views
Not necessarily Сталин - 04/09/2009 04:11:41 AM 649 Views
*shrugs* I have a soft heart. *NM* Kylia Skydancer - 04/09/2009 04:30:52 AM 411 Views
It's a credit for people who file a return on income that's been taxed. Joel - 04/09/2009 04:19:57 AM 655 Views
It is only for the WORKING poor, yes. Сталин - 04/09/2009 02:12:55 PM 642 Views
Mean it may be, but hardly illegal. Joel - 04/09/2009 02:31:16 PM 669 Views
How does the business benefit? Сталин - 04/09/2009 04:54:27 PM 672 Views
I didn't realize you meant literal withholding. Joel - 05/09/2009 03:03:32 AM 691 Views
That's a no-no, Joel AgentOrange - 03/09/2009 07:32:03 AM 655 Views
Europe impresses me for one simple reason: Joel - 03/09/2009 09:21:28 AM 707 Views
No real comments, just 100% agree with you....plus the $12 trillion is terrifying to me. *NM* Brian - 03/09/2009 04:33:39 AM 307 Views
If that scares you, check this out! trzaska2000 - 03/09/2009 04:48:56 AM 797 Views
Excellent post - the US government is not capable of running HC..... trzaska2000 - 03/09/2009 04:40:19 AM 601 Views
There is one thing the government did right Tom - 03/09/2009 04:41:36 AM 711 Views
The bailout, some of it, was necessary..... trzaska2000 - 03/09/2009 04:51:03 AM 713 Views
I still think it was too one sided. Joel - 03/09/2009 05:21:45 AM 744 Views
It depends on your level of cynicism nossy - 03/09/2009 05:38:53 AM 770 Views
when have they ever cut the fat? random thoughts - 03/09/2009 08:35:36 PM 695 Views
Contrary to popular belief, they are quite good at it nossy - 03/09/2009 09:05:15 PM 723 Views
Well there is only one catch *NM* random thoughts - 03/09/2009 10:56:00 PM 398 Views
This doesn't make sense to me. Tim - 03/09/2009 08:33:18 AM 698 Views
The key phrase is "should be. " Joel - 03/09/2009 09:38:15 AM 868 Views
Re: The key phrase is "should be. " Lady Isa Avanderidhril - 03/09/2009 09:47:39 AM 755 Views
That sounds like a good stop gap to me. Joel - 03/09/2009 09:50:57 AM 764 Views
In fairness, most Europeans don't seem to realize what ObamaCare is. Legolas - 03/09/2009 02:34:01 PM 746 Views
What makes you think we do? nossy - 03/09/2009 09:11:06 PM 758 Views
Oh, you don't either. I thought that went without saying. *NM* Legolas - 03/09/2009 09:25:54 PM 412 Views
As far as most people I know are concerned, opposition to ObamaCare isn't the issue. Rebekah - 03/09/2009 11:04:36 PM 837 Views
It's hard not to be horrified with a government as wasteful as ours Brian - 03/09/2009 11:24:59 PM 613 Views
I can understand horror of governments. Rebekah - 03/09/2009 11:30:23 PM 609 Views
a bit, yes. *NM* Kylia Skydancer - 04/09/2009 04:08:37 AM 428 Views
For Americans who don't understand why Canadians like their public healthcare. Kylia Skydancer - 04/09/2009 04:23:11 AM 724 Views
Correction ßelals Girl - 04/09/2009 04:44:32 AM 720 Views
Re: Correction Kylia Skydancer - 04/09/2009 05:05:11 AM 828 Views
In all honesty.... Brian - 04/09/2009 05:18:23 AM 670 Views
Re: In all honesty.... Kylia Skydancer - 04/09/2009 07:19:28 AM 753 Views
Re: Correction ßelals Girl - 04/09/2009 05:24:49 PM 679 Views
Re: Correction Kylia Skydancer - 07/09/2009 10:11:45 AM 870 Views
That's a nice theory. Joel - 04/09/2009 02:49:34 PM 733 Views
It's a fact ßelals Girl - 04/09/2009 05:21:59 PM 733 Views
Re: It's a fact Joel - 05/09/2009 03:18:39 AM 684 Views
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