Romney's Tax Hike for the Middle Class

[ebacon]

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

I figured as much. I was more wondering what the Republican voters thought of their Golden Boy's plan. After all, what's a little money between them and their King.

[BlueStreak]

Originally Posted by ebacon

I figured as much. I was more wondering what the Republican voters thought of their Golden Boy's plan. After all, what's a little money between them and their King.

First they have to find out what it is.

Last I heard, he said they have to elect him first. (Kind of like the shyster car dealer who tries to get you to sign the paperwork before he'll tell you what the price is. Come to think of it, he even looks like that guy.)

Dave

[merrylander]

Romney has a plan? Who knew!

[wgrr]

Originally Posted by bhunter

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.

I actually agree 100%. The cuts in government have to come from all areas of government. military spending is out of control. We can easily do what the founding fathers wanted with some modifications. No standing army.

They like Eisenhower were worried about a military state or a military industrial complex cropping up. Well, it has happened. Just fly out of Reagan international and look at the hundreds, if not thousands, of million dollar mansions owned by weapons contractor lobbyist.

We also have to get control of the too big to fail banks. They play with our money and when things go into the dumpster they get bailed out; we don't.

We need an overhaul for this country.

[BlueStreak]

Had an intersting conversation with an exArmy vet last night. He looked up at the telescreen in the breakroom as Obama was speaking and said, "Then why did you fire us dammit?"

I asked him if he thought the government should be run like a business.

"Hell yeah."

"Do businesses generally keep people they think they no longer need?"

"No."

"Didn't think so."

Dave

[ebacon]

Last week I did a rough calculation on how much the military alone costs taxpayer. After accounting for corporate taxes and percentage of households that actually pay taxes, it worked out to something like $25,000 annually per taxpaying household.

That's simply unsustainable.

[hillbilly]

Originally Posted by ebacon

Last week I did a rough calculation on how much the military alone costs taxpayer. After accounting for corporate taxes and percentage of households that actually pay taxes, it worked out to something like $25,000 annually per taxpaying household.

That's simply unsustainable.

A figure like that per household simply means the dept only gets worse as very few pay in that sorta cash.

[BlueStreak]

Originally Posted by hillbilly

A figure like that per household simply means the dept only gets worse as very few pay in that sorta cash.

That's a per capita figure. In reality some pay more, some pay less, some pay nothing. But the average it that figure he presented.

Dave

[ebacon]

Originally Posted by BlueStreak

That's a per capita figure. In reality some pay more, some pay less, some pay nothing. But the average it that figure he presented.

Dave

Negative. I omitted people that don't pay federal taxes.

Our military costs tax paying American households about $25K per year.

Most corporations and about half of households get a free ride.

[bobabode]

As an aside and not too far off topic. Keep in mind that a disproportionate number of those low income non taxpaying families provide the cannon fodder for the rest of us.