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The Gazette Opinion StaffOpinion Page Editor, The Gazette |
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Tax-break threshold should be $1 million
Maybe the federal government needs to adjust its thinking. The tax-break threshold seems to be locked on $250,000 per family. Since most small businesses who file via personal income tax have incomes in the $500,000 to $1 million range, why not put the threshold at
$1 million? This would avoid giving breaks to multimillionaires.
Also, the Development, Relief and Education of Alien Minors (DREAM) Act needs rethinking. Giving citizenship to illegal children who serve two years in the military is a little too gracious. When I graduated from high school, I had an eight-year military obligation — two years active and six years reserve, or four active and four reserve, if I didn’t want to go active for the whole eight. Why do less for those who want to earn their way out of illegal status?
James Niday
Cedar Rapids
The million dollar threshold is a good idea but good ideas seldom get endorsed in a hostile, partisan, political environment.
Part of it is simple math. You only raise the taxes on those making over $1 million, and you only take in a fraction of what you do compared to a $250k limit. You may remember Democrats almost a year ago testing the idea of lowering the limit to $200k, because each little bit you lower that limit greatly increases tax revenue. Its a multifaceted balancing game.
But you’re still completely right about the role of the political environment.
How about we use a flat tax on every single citizen, no matter what their income?
Wouldn’t that be “fair” Proggies? “Fairness” is a (so called) cornerstone of Proggieism, is it not?
By the way…”Citizens”…Don’t bother with the illegals…Just kick them out, like the law says should happen…
If you really want to be fair repeal the income tax, employment tax, and estate and gift tax and institute a national fair tax on consumption.
I will admit, though it still possesses many flaws a VAT tax is better than this BLEEPed up “Progressive” tax system…
I still would prefer the Flat Tax…
Horrible idea, Joe. A national sales tax (let’s be honest and call your proposal what it really is) would have a far greater impact on low- and middle-income earners than on the rich, since most of us BY NECESSITY spend (or, to use your euphemism, “consume”) a larger share of our income to support ourselves than the rich do.
At least with a Value Added Tax, the consumer has “some” sort of say in how much they pay in taxes…
But a great disconnect reveals itself; because I don’t feel entitled to help myself to a rich person’s wallet, simply because I am an American citizen, or because of my “middle-class” status…
And just imagine how much larger of a share of our incomes we would have to use, if the Bush Tax Cuts had been allowed to expire?
Baloney, joe, and you should know it. Problem is, in the current partisan environment, neither party really has the will to engage in the tax reform discussion this country desperately needs. Tell me how much “say” most people have in what they spend on food, housing, and clothing? So, we’ll get treated to “conservative” pieties about austere lifestyles while the rich can live as they choose?
I don’t think I’m “entitled” to someone else’s wealth, just as YOU are not “entitled” to tell me what choices I should make in my lifestyle. What I do expect is that the rich see themselves as members of the community, instead of a separate elite exploiting the labor of others.
“What I do expect is that the rich see themselves as members of the community, instead of a separate elite exploiting the labor of others.”
Who’s screwing who 2point, huh?
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aGwhTXxfCSHo
*White noise for the censorbot.*
RAID!
Jeff I was being honest my error was assuming anyone with more than a passing interest in the subject would know the “fair tax” as introduced in H.R. 25 and S.296 were a national sales tax. Further both resolutions provide rebates of the tax for those at or below the poverty level so it does not have a greater impact on them or the middle class. According to FairTax.org:
The FairTax
* Enables workers to keep their entire paychecks
* Enables retirees to keep their entire pensions
* Refunds in advance the tax on purchases of basic necessities
* Allows American products to compete fairly
* Brings transparency and accountability to tax policy
* Ensures Social Security and Medicare funding
* Closes all loopholes and brings fairness to taxation
* Abolishes the IRS
http://www.fairtax.org/site/PageServer
The “Fair” tax also means that someone has to determine what is “fair”…
http://www.taxfoundation.org/blog/show/23367.html
That link reminded me of something…
Other nations have adopted the “flat tax” with great success…
http://www.cato.org/pubs/policy_report/v29n4/cpr29n4-1.html
But it’s only other countries crippled healthcare systems that you Proggies are interested in, if my memory serves…
The “fair tax” is worth the review however many will scream murder in Washington because that would end the endless taxation without representation curbing the appetites of the endless entitlement mongers. Personal responsibility is really a dirty word.
Joe, let’s start with your plan for kicking out the illegals. How do you propose to deport 12+ million illegal immigrants? How will you find and identify them? How will you fund this effort? How will you staff this effort? How will you manage quality control to ensure all those who are illegal are removed from our borders and those who are here legally are not? What are the acceptable losses; some may not leave willingly? How will you manage the political and public relations fallout?
It’s easy to say “kick them out”. How are you going to do it?
The government can tax a business all it wants, thinking all the while that it will be “they” who are to benefit…
But business will always find a way around it…Because businessmen are businessmen…And they got where they got for a reason…
http://finance.yahoo.com/news/Blizzard-and-Inflexibility-nytimes-70413374.html?x=0
Because they are good at running a business…
US mortgage foreclosures rise sharply:
http://www.ft.com/cms/s/0/3825f4b8-1387-11e0-a367-00144feabdc0.html#axzz19bVWBiiT
Yet ANOTHER thing that the Democrats said would never happen…
http://www.cnsnews.com/news/article/44266
Just another day in Obama’s America…
Here’s an example where you need more exposition, joe, instead of just posting links. Let’s see, wasn’t it recently in the news about how banks (I thnk it was Wells Fargo) were burglarizing homes under foreclosure and stealing personal property? How about the “fast track” process of approving foreclosures, even though the needed paperwork was incorrect or incomplete? I saw an item in the NYTimes a few days ago where homeowners WHO WERE UP-TO-DATE on their mortgages were in foreclosure due to errors by the mortgage holder. Are you going to dismiss Iowa Attorney General Tom Miller’s efforts to slow down forcelosures in Iowa because of such errors because he is a Democrat?
I know you like to gripe about the federal government: the mortgage mess is a perfect example of how criminally incompetent the private sector can be. And, it doesn’t matter how much money the Democrats make available for mortgage modification if mortgage holders refuse to modify mortgages to keep people in their homes: how is such refusal Obama’s fault?
The private sector? THE PRIVATE BLEEPING SECTOR!?!
They (gov’t) threatens banks with fines and regulations, if they don’t give “sub prime” mortgages to people who NEVER HAD A PRAYER of paying them back, and it’s the “private sectors” fault?
“if mortgage holders refuse to modify mortgages to keep people in their homes”
I got a better idea 2point…How about the Banks just open their vaults to the public at 10am…First come, first serve…It achieves the same purpose…
Don’t gloss over who those mortgage holders are either…
http://bx.businessweek.com/madoff/view?url=http%3A%2F%2Ffeedproxy.google.com%2F~r%2FMarketSkeptics%2F~3%2FH3FOfQKGOBU%2Ffederal-government-owns-or-guarantees.html
Some friendly advice, hugh: keep fresh oil in your VWs. I once saw a Jetta whose owners hadn’t changed the oil in something like 18,000 miles: the engine was a ruined, sludged paperweight.
I’ll feed you on this occasion. The only time you produce more than one consecutive sentence of lucid prose is when you copy and paste someone else’s work. The Human Events excerpt you treat us to here is ALL opinion, and very much ad populum rubbish. The excerpt doesn’t deserve rebuttal, since it is simply uninformed prejudice aspirated onto the page.
I had a comment deleted yesterday: I had posted some of the words the filter software targets. Neither you nor I have a “right” to post here. It may be foolish, but I have the guts to post under my name. Why don’t you?
“tens of millions”
Don’t give the Gazette admins. and erec_tion Hugh…
hugh, you have it coming…
Earlier this month Sen. Charles Schumer (D-N.Y.) introduced a proposal to extend the tax cuts for those making up to $1 million. It failed due to Republicans (and a few Democrats)..
2010 will be remembered as the year the Democrats had their head kicked in…
The year that Obama was consistently and accurately exposed as the fraud that he is, and as the biggest scam ever perpetrated on the American people…
And the year that Proggessivism was revealed as the camouflage that Communists wear, in order to blend in with ordinary Americans…
2011…The Tea Party’s turn at the wheel…
You libs are so ignorant !! You have no idea how the “Bush tax rates ” affect what business does??? You should do some research to find out and I guarantee you will change your opinion!!