The flat tax is a BAD idea

[angel428]

And question. So lets say the average person on FS gets about $2200 a year in assistance...family of 5. Or the corporation that weaseled out of paying a good 1/2 million in taxes. What is worth your time in pointing the finger at.

The person getting food assistance...or the corporation shortchanging our country out of there corporate tax cuz they kept there money off in another country where they wouldn't owe taxes.

Do you ever think of even just 1/2 of the large corporations in the U.S. are not paying any taxes but should....what our deficit would be like if they had to pay all of that?? Yet it's okay with you..that poor people should starve...just so it's "right"???

Did you ever stop to think. That it is not the Government or the Tax Payers responsibility to take care of you or anyone. All the Government is suppose to do is keep us safe from attack. Not to feed us, pay our bills, or provide us health care.

[justmama]

Yah I was just super duper excited when we family of 5 made about 18K one year...that we got earned income credit. it was the lottery . I could actually pay all my bills that month...and not have to go to the freakin food bank for food .

It sure sounds WAY MORE PLEASANT ...then when we were making three times the amount of money.

It was just an extension of the benefits you already receive. It's like a bonus, as stated before. The government helps you all year, then a bonus. If you make 18K a year w/ a family of 5, and the tax is zero fine, but i will never be ok with getting enough credits to take you past zero, to the negative.

[cbms]

It was just an extension of the benefits you already receive. It's like a bonus, as stated before. The government helps you all year, then a bonus. If you make 18K a year w/ a family of 5, and the tax is zero fine, but i will never be ok with getting enough credits to take you past zero, to the negative.

then why not do away with the tax credits entirely? I mean... if you get a 1,000 credit for xyz, why should the next guy not get it? You're getting it back too, just not enough to void out every penny paid in. If one person can't take that 1,000 and put it in their pocket, neither should you. I won't take my credits this year if you don't.

[billig]

Did you ever stop to think. That it is not the Government or the Tax Payers responsibility to take care of you or anyone. All the Government is suppose to do is keep us safe from attack. Not to feed us, pay our bills, or provide us health care.

That is not fact, that is opinion.

Not to attack you personally, but I wanna ask, does this mean you will not accept social security checks when you retire?
Or will you take it because you 'paid into the system'?
Because that is most definitely the government taking care of you.

The fact is that the government has been taking care of people for atleast 60 years now.

[justmama]

then why not do away with the tax credits entirely? I mean... if you get a 1,000 credit for xyz, why should the next guy not get it? You're getting it back too, just not enough to void out every penny paid in. If one person can't take that 1,000 and put it in their pocket, neither should you. I won't take my credits this year if you don't.

If everyone paid the same percentage on their income, regardless of their hardships, i'd gladly not take my credits.

[angel428]

That is not fact, that is opinion.

Not to attack you personally, but I wanna ask, does this mean you will not accept social security checks when you retire?
Or will you take it because you 'paid into the system'?
Because that is most definitely the government taking care of you.

The fact is that the government has been taking care of people for atleast 60 years now.

I actually hate to tell you I have ZERO hope it will be around when we get that old. And we have paid in a lot of money we will probably never see. And I would be happy if they just ended it and let us invest our money instead of them stealing it. But even if it is around we will never get back what we paid into it. So I hate to tell you the Government will not be taking care of us period.

[justmama]

That is not fact, that is opinion.

Not to attack you personally, but I wanna ask, does this mean you will not accept social security checks when you retire?
Or will you take it because you 'paid into the system'?
Because that is most definitely the government taking care of you.

The fact is that the government has been taking care of people for atleast 60 years now.

You didn't ask me but i'll answer. I don't plan my retirement on what i'll get from the government, as i don't think it would enough.

I certainly don't think it's fair for people to benefit from it when they haven't paid in. I'd much rather have it individual based. You pay in X you get X, you pay in Y you get Y.

[billig]

Pulling this out of the Downsized thread since it will certainly drag it off topic



Let me break it down for you (current system, two individuals with no dependents living on their own):

$25,000 per year pre-tax income
$17,825 minimum standards living expenses
$7,175 left over
$3,844 taxes (current system)
$3,331 left over

$150,000 per year pre-tax income
$17,825 minimum standards living expenses
$132,175 left over
$22,372 taxes (current system)
$109,803 left over

flat tax system (20%):
$25,000 per year pre-tax income
$17,825 minimum standards living expenses
$7,175 left over
$5,000 taxes
$2,175 left over

$150,000 per year pre-tax income
$17,825 minimum standards living expenses
$132,175 left over
$30,000 taxes
$102,175 left over

Did you see that? $150,000 is paying 7% more of his excess, and $25,000 is paying 34.5% more of his excess.

Der, I'm confused. Aren't the first two figures both salaries being taxed at about 15%, as if it was a flat tax too? Shouldn't the tax rate for the $25K salary be a lower percentage than the $150K salary?

[billig]

I actually hate to tell you I have ZERO hope it will be around when we get that old. And we have paid in a lot of money we will probably never see. And I would be happy if they just ended it and let us invest our money instead of them stealing it. But even if it is around we will never get back what we paid into it. So I hate to tell you the Government will not be taking care of us period.

What you are paying into SS is being spent to take care of the retirees today...and no, it's not enough. Even in socialist countries the pensions suck.

Social Security tax is the only tax-break for the rich that I know of. After earning a certain amount of money during the calendar year, SS will stop taking payments out of your check.
Ever citizen pays up to a maximum of $6,621.60 or less per year and no more.


2011 FICA Tax and Social Security Limits
FICA Tax Rate = 7.65%
Social Security Limit = $106,800
Maximum Social Security Contribution = $6,621.60

[angel428]

What you are paying into SS is being spent to take care of the retirees today...and no, it's not enough. Even in socialist countries the pensions suck.

Social Security tax is the only tax-break for the rich that I know of. After earning a certain amount of money during the calendar year, SS will stop taking payments out of your check.
Ever citizen pays up to a maximum of $6,621.60 or less per year and no more.


2011 FICA Tax and Social Security Limits
FICA Tax Rate = 7.65%
Social Security Limit = $106,800
Maximum Social Security Contribution = $6,621.60

Trust me I would rather have the extra $6,621.60 a year now. And I would gladly give up a right to ever get Social Security.
And no we should not be paying for the retirees right now. IMO
The money we put it should be set aside for us.
And the money you put in should be set aside for you.