2016 Election

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#4,704
#4,704
hog88 said:
Agreed. Hell if we took a VN poll of how many would give up all deductions including mortgage interest for a flat 15% rate I'd bet the answers would be all over the place.
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I would do that in a heartbeat if it were via constitutional amendment.
 
#4,706
#4,706
I love it when Space posts. It's like I can get the Cliff's Notes summary of the thread in one page.
 
#4,712
#4,712
Vol8188 said:
He would still be a billionaire and he would still be crazy. He could still have his own reality show.
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This might or might not be true. However, he would not have been contributing to the government's coffers as much via his job creation. I actually think that the uber rich - if they are making their monies thru building business - should have their personal taxes reduced by some percentage of the job base that they create. In other words, since Trump or Steve Jobs (yeah I know he's dead), Fred Smith... should all be paying fewer taxes because they have created thousands of jobs that directly contribute to the federal/state tax bases. Warren buffet, on the other hand should still pay taxes, but not at the rates he supposedly supports, because investing is taking a risk and that needs to be incentivized as well.
 
#4,713
#4,713
SpaceCoastVol said:
This might or might not be true. However, he would not have been contributing to the government's coffers as much via his job creation. I actually think that the uber rich - if they are making their monies thru building business - should have their personal taxes reduced by some percentage of the job base that they create. In other words, since Trump or Steve Jobs (yeah I know he's dead), Fred Smith... should all be paying fewer taxes because they have created thousands of jobs that directly contribute to the federal/state tax bases. Warren buffet, on the other hand should still pay taxes, but not at the rates he supposedly supports, because investing is taking a risk and that needs to be incentivized as well.
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His money would've created jobs either way.
 
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#4,717
#4,717
FLVOL69 said:
I know what it is, you calling anybody out on conservative values is a hoot, both sides have been screwing the pooch, time to try a different approach.
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Both sides of what?

Just because I'm not a conservative doesn't mean I don't understand conservatism. I'm just as qualified to call out "conservatives" as a self-professed conservative is. Most people that call themselves conservatives don't support conservatives. That's the biggest problem right there.
 
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#4,718
#4,718
n_huffhines said:
Both sides of what?

Just because I'm not a conservative doesn't mean I don't understand conservatism. I'm just as qualified to call out "conservatives" as a self-professed conservative is. Most people that call themselves conservatives don't support conservatives. That's the biggest problem right there.
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Good, now you can better understand Trumps appeal across both parties.
 
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#4,719
#4,719
Grand Vol said:
Septic? Bump in case you missed it in the angry mob screaming about Donald Trump's yachts.

ETA: And I'd actually want Huff and VB to chime in as they have a better grasp of that side of the house than I do.
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Yeah, so my take is that the tax structure is set up to take advantage of the middle class. There is a lot of income there and individuals and couples in the middle class don't earn enough to justify looking for all the loopholes. It makes sense for those with extreme wealth to find those loopholes.

The tax code is all a political game. It has nothing to do with fairness and has little to do with revenue maximization.

For 50+ years the US government has collected around 18% of GDP. They transform the code to try to get more, but it will only spike up a couple % points for a bit, then the actors in the economy adjust and it returns back to about 18%...like clockwork.

The only way to solve the government revenue problem is to (1) accept that they can only collect about 18% of GDP and (2) get out of the way so that GDP can grow.
 
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#4,724
#4,724
SpaceCoastVol said:
I don't have time nor inclination to explain basic common sense to you.
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You're assuming that the number of jobs he has created through his business are greater than the number of jobs his money + an additional 10 billion would've created.

Why do you assume that?
 
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#4,725
#4,725
n_huffhines said:
The only way to solve the government revenue problem is to (1) accept that they can only collect about 18% of GDP and (2) get out of the way so that GDP can grow.
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Or, a Constitutional amendment that sets the taxation rate and requires a balanced budget every year based solely on those revenues taken in. In other words, something that would guarantee that they cannot rob Peter to pay Paul when they are unable to do their job.
 
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