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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 1349 Views
I'd be happy to tax top "earners" more and suffer Europes economic "collapse. " Joel - 03/09/2009 04:30:31 AM 789 Views
The US will never work with socialism. Tom - 03/09/2009 04:40:21 AM 866 Views
Re: The US will never work with socialism. Joel - 03/09/2009 04:58:47 AM 856 Views
I don't think the mistrust of the government is really all that overblown Brian - 03/09/2009 05:04:34 AM 777 Views
It's advanced beyond what it was during the Revolution, I think. Joel - 03/09/2009 05:18:22 AM 816 Views
I would say it's grown with the government Brian - 03/09/2009 05:23:52 AM 803 Views
The key is that government shouldn't be heavily involved in personal lives. Joel - 03/09/2009 05:58:39 AM 834 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 736 Views
If I lived in France I wouldn't trust the Government either. Brian - 04/09/2009 03:44:55 AM 809 Views
*laughs* the point is taken. *NM* Kylia Skydancer - 04/09/2009 04:24:07 AM 515 Views
Re: The US will never work with socialism. Kylia Skydancer - 04/09/2009 03:28:24 AM 899 Views
How much more can we really tax the wealthy?? Brian - 03/09/2009 04:41:14 AM 743 Views
Sadly, I think going back to the Clinton rates would help Tom - 03/09/2009 04:42:54 AM 676 Views
I'm ok with that....not super excited....but ok with it Brian - 03/09/2009 04:57:32 AM 703 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 817 Views
I'm in the lower-middle class tax bracket Brian - 03/09/2009 05:13:39 AM 747 Views
It's both, IMHO. Joel - 03/09/2009 05:29:41 AM 671 Views
I hear a lot of socialism coming from you..... trzaska2000 - 03/09/2009 05:19:08 AM 671 Views
Re: I hear a lot of socialism coming from you..... Joel - 03/09/2009 05:40:32 AM 767 Views
Nice non-answer answer..... trzaska2000 - 03/09/2009 05:52:04 AM 767 Views
You want detailed answers that require detailed data I don't have. Joel - 03/09/2009 06:06:55 AM 831 Views
Here are some facts and analyses..... trzaska2000 - 03/09/2009 02:40:22 PM 903 Views
The Heritage Foundation, huh? Joel - 03/09/2009 03:01:17 PM 908 Views
The non-working wealthy? Please quantify..... trzaska2000 - 03/09/2009 03:31:58 PM 860 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 770 Views
Wow, that was one of the dumbest posts I have ever read..... trzaska2000 - 05/09/2009 05:42:45 AM 803 Views
So you're saying you DON'T proofread...? Joel - 05/09/2009 05:59:49 AM 918 Views
Paris Hilton? Kylia Skydancer - 04/09/2009 03:43:19 AM 783 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 864 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 956 Views
Less than 200 people were said to be US persons with Swiss accounts Сталин - 04/09/2009 04:16:24 AM 759 Views
And yet account for many millions of dollars; what does that say...? Joel - 04/09/2009 04:21:57 AM 749 Views
It's statistically insignificant and your hyperbole is reminiscent of screaming guests on CNN. Сталин - 04/09/2009 02:07:31 PM 693 Views
Well, look at this way: Joel - 04/09/2009 02:24:03 PM 817 Views
That's not a solution. Сталин - 05/09/2009 02:39:12 AM 830 Views
The Soviets weren't socialist, or even communist, so it's a false comparison. Joel - 05/09/2009 03:09:06 AM 764 Views
Okay, now you've just gone into Kool-aid drinking territory. Сталин - 05/09/2009 04:32:07 AM 890 Views
Communist THEORY is predicated on democratic participation at every level,totally absent in the USSR Joel - 05/09/2009 04:55:00 AM 1001 Views
FINALLY!!! Kylia Skydancer - 07/09/2009 10:22:53 AM 797 Views
Ever heard of the 20-80 rule? Kylia Skydancer - 04/09/2009 04:28:54 AM 677 Views
Yes, and 90% of people are idiots. Сталин - 05/09/2009 02:41:35 AM 992 Views
Re: Yes, and 90% of people are idiots. Kylia Skydancer - 07/09/2009 10:09:30 AM 799 Views
Top earners? Please define.....what income and how much more? *NM* trzaska2000 - 03/09/2009 04:52:25 AM 517 Views
That would be open to definition, and should change with inflation. Joel - 03/09/2009 05:13:02 AM 934 Views
What is your justification for taking over 50% of anyone's income? trzaska2000 - 03/09/2009 05:28:22 AM 888 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 910 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 813 Views
To what 40% do you refer? Joel - 03/09/2009 02:42:55 PM 673 Views
Dude, you are not making this easy..... trzaska2000 - 03/09/2009 03:38:01 PM 717 Views
No one "gets money from the IRS. " Joel - 04/09/2009 02:55:02 AM 714 Views
Actually with EIC you can get money back that you never paid in. Brian - 04/09/2009 02:56:43 AM 719 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 768 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 841 Views
A neat trick then. Joel - 04/09/2009 04:09:58 AM 849 Views
To be fair Brian - 04/09/2009 04:50:20 AM 781 Views
Ah, gotcha. Joel - 04/09/2009 04:53:58 AM 792 Views
Yet another example of your ignorance on tax policy. Tom - 04/09/2009 03:19:39 AM 669 Views
The word I notice is "welfare" Kylia Skydancer - 04/09/2009 03:57:01 AM 802 Views
I wouldn't say that's what it means.... Brian - 04/09/2009 04:02:40 AM 779 Views
It's what welfare means to me... Kylia Skydancer - 04/09/2009 04:32:17 AM 789 Views
I was just talking about EIC as a form of welfare, not welfare welfare. *NM* Brian - 04/09/2009 04:45:13 AM 451 Views
yes, I get that now. *NM* Kylia Skydancer - 04/09/2009 05:02:53 AM 435 Views
*NM* Brian - 04/09/2009 05:14:01 AM 435 Views
Not necessarily Сталин - 04/09/2009 04:11:41 AM 747 Views
*shrugs* I have a soft heart. *NM* Kylia Skydancer - 04/09/2009 04:30:52 AM 438 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 719 Views
It is only for the WORKING poor, yes. Сталин - 04/09/2009 02:12:55 PM 716 Views
Mean it may be, but hardly illegal. Joel - 04/09/2009 02:31:16 PM 736 Views
How does the business benefit? Сталин - 04/09/2009 04:54:27 PM 740 Views
I didn't realize you meant literal withholding. Joel - 05/09/2009 03:03:32 AM 751 Views
That's a no-no, Joel AgentOrange - 03/09/2009 07:32:03 AM 722 Views
Europe impresses me for one simple reason: Joel - 03/09/2009 09:21:28 AM 775 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 347 Views
If that scares you, check this out! trzaska2000 - 03/09/2009 04:48:56 AM 873 Views
Excellent post - the US government is not capable of running HC..... trzaska2000 - 03/09/2009 04:40:19 AM 669 Views
There is one thing the government did right Tom - 03/09/2009 04:41:36 AM 777 Views
The bailout, some of it, was necessary..... trzaska2000 - 03/09/2009 04:51:03 AM 778 Views
I still think it was too one sided. Joel - 03/09/2009 05:21:45 AM 802 Views
It depends on your level of cynicism nossy - 03/09/2009 05:38:53 AM 835 Views
when have they ever cut the fat? random thoughts - 03/09/2009 08:35:36 PM 758 Views
Contrary to popular belief, they are quite good at it nossy - 03/09/2009 09:05:15 PM 784 Views
Well there is only one catch *NM* random thoughts - 03/09/2009 10:56:00 PM 435 Views
This doesn't make sense to me. Tim - 03/09/2009 08:33:18 AM 771 Views
The key phrase is "should be. " Joel - 03/09/2009 09:38:15 AM 942 Views
Re: The key phrase is "should be. " Lady Isa Avanderidhril - 03/09/2009 09:47:39 AM 816 Views
That sounds like a good stop gap to me. Joel - 03/09/2009 09:50:57 AM 836 Views
In fairness, most Europeans don't seem to realize what ObamaCare is. Legolas - 03/09/2009 02:34:01 PM 807 Views
What makes you think we do? nossy - 03/09/2009 09:11:06 PM 820 Views
Oh, you don't either. I thought that went without saying. *NM* Legolas - 03/09/2009 09:25:54 PM 452 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 906 Views
It's hard not to be horrified with a government as wasteful as ours Brian - 03/09/2009 11:24:59 PM 677 Views
I can understand horror of governments. Rebekah - 03/09/2009 11:30:23 PM 675 Views
a bit, yes. *NM* Kylia Skydancer - 04/09/2009 04:08:37 AM 457 Views
For Americans who don't understand why Canadians like their public healthcare. Kylia Skydancer - 04/09/2009 04:23:11 AM 804 Views
Correction ßelals Girl - 04/09/2009 04:44:32 AM 786 Views
Re: Correction Kylia Skydancer - 04/09/2009 05:05:11 AM 907 Views
In all honesty.... Brian - 04/09/2009 05:18:23 AM 737 Views
Re: In all honesty.... Kylia Skydancer - 04/09/2009 07:19:28 AM 815 Views
Re: Correction ßelals Girl - 04/09/2009 05:24:49 PM 740 Views
Re: Correction Kylia Skydancer - 07/09/2009 10:11:45 AM 945 Views
That's a nice theory. Joel - 04/09/2009 02:49:34 PM 830 Views
It's a fact ßelals Girl - 04/09/2009 05:21:59 PM 795 Views
Re: It's a fact Joel - 05/09/2009 03:18:39 AM 760 Views
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