Romney's Tax Hike for the Middle Class

ebacon · #1 09-06-2012, 05:18 PM

So whaddya guys think about Romney's plan to increase taxes on the middle class while giving the rich guys a break?

http://thinkprogress.org/economy/201...xes/?mobile=nc

hillbilly · #2 09-06-2012, 05:36 PM

I'd rather see a flat tax for everyone.

Not saying 10% is the choice to go on, but I'll use it as an example.

Say your poor and only make 1.00 for the day, you'll owe .10 cents.

If you make 100.00 for the day you'll owe 10.00

If you make 1,000.00 for the day you'll owe 100.00

If you make 1,000,000.00 for the day you'll owe 100,000.00

Seems like a fair way, nobody gets screwed.

Oerets · #3 09-06-2012, 07:04 PM

Like big corporations will ever pay 10% of their earnings.

Plus when you think about it a person making one million a day can handle paying a higher percentage then a person at the lower end of the scale.

Barney

bhunter · #4 09-07-2012, 01:08 AM

Quote:

Originally Posted by Oerets

Like big corporations will ever pay 10% of their earnings.

Plus when you think about it a person making one million a day can handle paying a higher percentage then a person at the lower end of the scale.

Barney

Yes, on the margin a dollar is worth significantly more to the poor than the rich. Where a flat tax rate certainly has a feeling of being just, it inherently hurts those in poverty more than the wealthy. Transferring all tax liability to individuals and away from corporations would give corporation incentive to keep employment here and keep more money expanding the company IMHO. That said, the highest tax rate should be 15-20% and the government's size ought reflect that constraint.

JJIII · #5 09-07-2012, 06:23 AM

Anybody ever heard of the "Fair Tax"?

http://en.wikipedia.org/wiki/FairTax

Take time to read the whole thing, especially about the effective rates.

JJIII · #6 09-07-2012, 06:25 AM

Quote:

Originally Posted by Oerets

Like big corporations will ever pay 10% of their earnings.

Barney

Corporations pay ZERO now. The tax is passed on to the consumer as a cost of doing business. Sure, the books say different but we all know that any cost associated with doing business is ultimately paid by the consumer.

ebacon · #7 09-07-2012, 06:47 AM

hehe.

You guys dodged the question.

What do you think about Romney's plan to hike taxes on the middle class and give the rich a tax break?

BlueStreak · #8 09-07-2012, 06:50 AM

Quote:

Originally Posted by JJIII

Corporations pay ZERO now. The tax is passed on to the consumer as a cost of doing business. Sure, the books say different but we all know that any cost associated with doing business is ultimately paid by the consumer.

Yeah, we know. And we'd like to see that fixed. Problem is, we won't. Because half the country thinks they pay too much as it is.

Dave

BlueStreak · #9 09-07-2012, 06:52 AM

Quote:

Originally Posted by ebacon

hehe.

You guys dodged the question.

What do you think about Romney's plan to hike taxes on the middle class and give the rich a tax break?

Every time I think about it I want to crush Mitts precious ones with my Vise-Grips and watch his eyes pop out of his head.

Does that answer your question?

Dave

merrylander · #10 09-07-2012, 07:47 AM

Quote:

Originally Posted by BlueStreak

Every time I think about it I want to crush Mitts precious ones with my Vise-Grips and watch his eyes pop out of his head.

Does that answer your question?

Dave

Or we could have him examined for testicular cancer in a mamogram machine.

But does he really have any?