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originally posted by: introvert
a reply to: NoCorruptionAllowed
That sounds good and all, but back in the real world we have to realize that there are many more people involved than just Obama (the president). Budgets have to pass congress and so the blame lies on their shoulders as well for the rising debt.
Believing the debt would freeze if Obama took the day off or we hired a $50 robot is beyond absurd.
originally posted by: Echo007
I think most of us know Ben Carson will never become the president. Hes not well known like most of the other candidates. The only reason he still running is to steal black votes from other candidates.
originally posted by: Southern Guardian
That's what the flat tax is, trickle down economics. Plain and simple. That's worked out pretty swell for us right?
originally posted by: libertytoall
originally posted by: Echo007
I think most of us know Ben Carson will never become the president. Hes not well known like most of the other candidates. The only reason he still running is to steal black votes from other candidates.
Yes, you're right. He's been running to steal the black votes from other candidates.. (facepalm)
originally posted by: Southern Guardian
a reply to: CB328
That's what the flat tax is, trickle down economics. Plain and simple. That's worked out pretty swell for us right?
Really? On one side you and others would complain that the super rich pay no taxes even if they said to pay 90%...
A flat tax takes 15% right off the top, no deductions, no write-offs, just a straight 15%. I sure 15% would be on the high wage earner side and a lower flat tax would be for others.
originally posted by: Southern Guardian
Firstly, if we're talking about individual tax rate, the highest tax rate in the United States is 39%. Before 1981 prior to Reagan, the top Tax rate for the wealthy individuals was 70%. But things have been much better since the Reagan tax cuts in the 80s right? Let me know
So you're wrong. You pulled that 90% figure out of nothing, really. Just made it up.
The fact of the matter is, the flat tax will do little to benefit the middle and working classes, and will only serve to benefit the rich. Plain and simple.
There is a big difference between 39% after deductions and 15% of the gross with little or no deductions. What is 39% of zero, now what is 15% of 1 million gross....
You missed my point, even IF they were forced to pay 90%
In the end the wealthy pay MORE
The poor keep paying their low percent or nothing....
I can tell you I get raked every year with almost nothing to offset my 28%, so if you want to lower taxes for the middle and force the rich to pay more go flat tax.