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posted Hide Post
quote:
Originally posted by ledvm:
Flat taxes can be made as progressive as you like by graduating them.


I could support a graduated flat tax.

Get rid of all deductions and credits, and isn't that what we'd have?
 
Posts: 7175 | Location: Coeur d' Alene, Idaho, USA | Registered: 08 March 2013Reply With Quote
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A graduated flat tax would not be a VAT.
I can listen w no deductions. I still think it incentivizes a certain class to hide wealth in stocks.

Cash and value Assets in trusts are not taxed. Taxes are paid when a distribution is made from a trust.
 
Posts: 12895 | Location: Somewhere above Tennessee and below Kentucky  | Registered: 31 July 2016Reply With Quote
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posted Hide Post
quote:
Originally posted by RolandtheHeadless:
quote:
Originally posted by ledvm:
Flat taxes can be made as progressive as you like by graduating them.


I could support a graduated flat tax.

Get rid of all deductions and credits, and isn't that what we'd have?


So you and I go to buy $500 worth of fishing gear. How will the "system" know that I have to pay 8% VAT, but you have to pay 14% VAT?


Give me a home where the buffalo roam and I'll show you a house full of buffalo shit.
 
Posts: 1700 | Location: IOWA | Registered: 27 October 2018Reply With Quote
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posted Hide Post
quote:
Originally posted by ANTELOPEDUNDEE:
quote:
Originally posted by RolandtheHeadless:
quote:
Originally posted by ledvm:
Flat taxes can be made as progressive as you like by graduating them.


I could support a graduated flat tax.

Get rid of all deductions and credits, and isn't that what we'd have?


So you and I go to buy $500 worth of fishing gear. How will the "system" know that I have to pay 8% VAT, but you have to pay 14% VAT?


I thought he was talking about a graduated income tax. That's what I referred to.
 
Posts: 7175 | Location: Coeur d' Alene, Idaho, USA | Registered: 08 March 2013Reply With Quote
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That is why I said it would not be a VAT.
 
Posts: 12895 | Location: Somewhere above Tennessee and below Kentucky  | Registered: 31 July 2016Reply With Quote
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posted Hide Post
quote:
Originally posted by RolandtheHeadless:
quote:
Originally posted by ANTELOPEDUNDEE:
quote:
Originally posted by RolandtheHeadless:
quote:
Originally posted by ledvm:
Flat taxes can be made as progressive as you like by graduating them.


I could support a graduated flat tax.

Get rid of all deductions and credits, and isn't that what we'd have?


So you and I go to buy $500 worth of fishing gear. How will the "system" know that I have to pay 8% VAT, but you have to pay 14% VAT?


I thought he was talking about a graduated income tax. That's what I referred to.


Read above you.

""Originally posted by ledvm:
Flat taxes can be made as progressive as you like by graduating them.""

Lane is talking about a graduated flat tax.

Seems to me that before anyone tries to promote a flat tax or variation of such; that they should have SOME IDEA of how it would work. Not just throw shit against a wall and hope it sticks!


Give me a home where the buffalo roam and I'll show you a house full of buffalo shit.
 
Posts: 1700 | Location: IOWA | Registered: 27 October 2018Reply With Quote
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Picture of ledvm
posted Hide Post
quote:
Originally posted by RolandtheHeadless:
quote:
Originally posted by ledvm:
Flat taxes can be made as progressive as you like by graduating them.


I could support a graduated flat tax.

Get rid of all deductions and credits, and isn't that what we'd have?


tu2


~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
J. Lane Easter, DVM

A born Texan has instilled in his system a mind-set of no retreat or no surrender. I wish everyone the world over had the dominating spirit that motivates Texans.– Billy Clayton, Speaker of the Texas House

No state commands such fierce pride and loyalty. Lesser mortals are pitied for their misfortune in not being born in Texas.— Queen Elizabeth II on her visit to Texas in May, 1991.
 
Posts: 38715 | Location: Gainesville, TX | Registered: 24 December 2006Reply With Quote
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Picture of ledvm
posted Hide Post
quote:
Originally posted by LHeym500:
A graduated flat tax would not be a VAT.

No one said it was.

I can listen w no deductions. I still think it incentivizes a certain class to hide wealth in stocks.

Cash and value Assets in trusts are not taxed. Taxes are paid when a distribution is made from a trust.


~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
J. Lane Easter, DVM

A born Texan has instilled in his system a mind-set of no retreat or no surrender. I wish everyone the world over had the dominating spirit that motivates Texans.– Billy Clayton, Speaker of the Texas House

No state commands such fierce pride and loyalty. Lesser mortals are pitied for their misfortune in not being born in Texas.— Queen Elizabeth II on her visit to Texas in May, 1991.
 
Posts: 38715 | Location: Gainesville, TX | Registered: 24 December 2006Reply With Quote
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Picture of ledvm
posted Hide Post
quote:
Originally posted by RolandtheHeadless:
quote:
Originally posted by ANTELOPEDUNDEE:
quote:
Originally posted by RolandtheHeadless:
quote:
Originally posted by ledvm:
Flat taxes can be made as progressive as you like by graduating them.


I could support a graduated flat tax.

Get rid of all deductions and credits, and isn't that what we'd have?


So you and I go to buy $500 worth of fishing gear. How will the "system" know that I have to pay 8% VAT, but you have to pay 14% VAT?


I thought he was talking about a graduated income tax. That's what I referred to.


You were exactly right that IS what we were talking about.


~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
J. Lane Easter, DVM

A born Texan has instilled in his system a mind-set of no retreat or no surrender. I wish everyone the world over had the dominating spirit that motivates Texans.– Billy Clayton, Speaker of the Texas House

No state commands such fierce pride and loyalty. Lesser mortals are pitied for their misfortune in not being born in Texas.— Queen Elizabeth II on her visit to Texas in May, 1991.
 
Posts: 38715 | Location: Gainesville, TX | Registered: 24 December 2006Reply With Quote
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Picture of ledvm
posted Hide Post
quote:
Originally posted by LHeym500:
That is why I said it would not be a VAT.


Why are you stating the obvious? The people in the discussion are well aware of that fact.


~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
J. Lane Easter, DVM

A born Texan has instilled in his system a mind-set of no retreat or no surrender. I wish everyone the world over had the dominating spirit that motivates Texans.– Billy Clayton, Speaker of the Texas House

No state commands such fierce pride and loyalty. Lesser mortals are pitied for their misfortune in not being born in Texas.— Queen Elizabeth II on her visit to Texas in May, 1991.
 
Posts: 38715 | Location: Gainesville, TX | Registered: 24 December 2006Reply With Quote
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Picture of ledvm
posted Hide Post
quote:
Originally posted by ANTELOPEDUNDEE:
quote:
Originally posted by RolandtheHeadless:
quote:
Originally posted by ANTELOPEDUNDEE:
quote:
Originally posted by RolandtheHeadless:
quote:
Originally posted by ledvm:
Flat taxes can be made as progressive as you like by graduating them.


I could support a graduated flat tax.

Get rid of all deductions and credits, and isn't that what we'd have?


So you and I go to buy $500 worth of fishing gear. How will the "system" know that I have to pay 8% VAT, but you have to pay 14% VAT?


I thought he was talking about a graduated income tax. That's what I referred to.


Read above you.

""Originally posted by ledvm:
Flat taxes can be made as progressive as you like by graduating them.""

Lane is talking about a graduated flat tax.

Seems to me that before anyone tries to promote a flat tax or variation of such; that they should have SOME IDEA of how it would work. Not just throw shit against a wall and hope it sticks!


The math has been done many times. There is no question that a simple flat tax can work.


~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
J. Lane Easter, DVM

A born Texan has instilled in his system a mind-set of no retreat or no surrender. I wish everyone the world over had the dominating spirit that motivates Texans.– Billy Clayton, Speaker of the Texas House

No state commands such fierce pride and loyalty. Lesser mortals are pitied for their misfortune in not being born in Texas.— Queen Elizabeth II on her visit to Texas in May, 1991.
 
Posts: 38715 | Location: Gainesville, TX | Registered: 24 December 2006Reply With Quote
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posted Hide Post
It would work to achieve a balanced budget if you set the rates right.
 
Posts: 7175 | Location: Coeur d' Alene, Idaho, USA | Registered: 08 March 2013Reply With Quote
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posted Hide Post
quote:
Originally posted by ledvm:
quote:
Originally posted by LHeym500:
That is why I said it would not be a VAT.


Why are you stating the obvious? The people in the discussion are well aware of that fact.


Because some people do not understand as demonstrated in this thread.

For others VAT stands for Value Added Tax. It is a national sales tax.

A flat tax is a set rate of income tax remember 9,9,9.

It was Conservatives who raised VAT in Britain.
 
Posts: 12895 | Location: Somewhere above Tennessee and below Kentucky  | Registered: 31 July 2016Reply With Quote
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posted Hide Post
quote:
Originally posted by LHeym500:
quote:
Originally posted by ledvm:
quote:
Originally posted by LHeym500:
That is why I said it would not be a VAT.


Why are you stating the obvious? The people in the discussion are well aware of that fact.


Because some people do not understand as demonstrated in this thread.

For others VAT stands for Value Added Tax. It is a national sales tax.

A flat tax is a set rate of income tax remember 9,9,9.

It was Conservatives who raised VAT in Britain.


If you don't buy anything you don't pay VAT. With a flat [graduated or not] tax you still pay. But HTF would you employ a graduated VAT? For low incomers a 20% VAT would consume a disproportionate share of their disposable income.


Give me a home where the buffalo roam and I'll show you a house full of buffalo shit.
 
Posts: 1700 | Location: IOWA | Registered: 27 October 2018Reply With Quote
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posted Hide Post
quote:
Originally posted by ledvm:
quote:
Originally posted by RolandtheHeadless:


I thought he was talking about a graduated income tax. That's what I referred to.


You were exactly right that IS what we were talking about.


You people are talking through and around each other, which makes it difficult to make sense of. It seems to me that you are talking out in la la land about stuff that isn't on the table of real consideration in the places it counts.

All I want to know right now is how Trump's tariffs proposal, if implemented, is going to affect the Nat'l debt, budget and economy, (national and personal) and the trickle-down effect.

https://www.bing.com/search?q=...531&lightschemeovr=1

As far as I know, Harris/Walz plan is continuation of the graduated income tax as we have now with some additional incentives for small business startups and families with newborns.


*************
Degenerate 1:1
1 Then Trump said, "Let Us re-make a Nation in MY Image, after My likeness, to rule over everything in the Nation, and over all the earth itself and every creature that crawls upon it".

"When fascism comes to America, it will be wrapped in the flag and carrying a cross." - Sinclair Lewis

Per my far-right friend: "reality sucks"

D.J. Trump aka Trumpism's Founding Farter, aka Farter Martyr. Qualifications: flatulence - mental, oral and anal.



 
Posts: 22193 | Location: Depends on the Season | Registered: 17 February 2017Reply With Quote
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posted Hide Post
quote:
Originally posted by ledvm:
quote:
Originally posted by RolandtheHeadless:
quote:
Originally posted by ANTELOPEDUNDEE:
quote:
Originally posted by RolandtheHeadless:
quote:
Originally posted by ledvm:
Flat taxes can be made as progressive as you like by graduating them.


I could support a graduated flat tax.

Get rid of all deductions and credits, and isn't that what we'd have?


So you and I go to buy $500 worth of fishing gear. How will the "system" know that I have to pay 8% VAT, but you have to pay 14% VAT?


I thought he was talking about a graduated income tax. That's what I referred to.


You were exactly right that IS what we were talking about.


We already have a graduated income tax, DUH!


Give me a home where the buffalo roam and I'll show you a house full of buffalo shit.
 
Posts: 1700 | Location: IOWA | Registered: 27 October 2018Reply With Quote
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posted Hide Post
quote:
Originally posted by Magine Enigam:
quote:
Originally posted by ledvm:
quote:
Originally posted by RolandtheHeadless:


I thought he was talking about a graduated income tax. That's what I referred to.


You were exactly right that IS what we were talking about.


You people are talking through and around each other, which makes it difficult to make sense of. It seems to me that you are talking out in la la land about stuff that isn't on the table of real consideration in the places it counts.

All I want to know right now is how Trump's tariffs proposal, if implemented, is going to affect the Nat'l debt, budget and economy, (national and personal) and the trickle-down effect.

https://www.bing.com/search?q=...531&lightschemeovr=1

As far as I know, Harris/Walz plan is continuation of the graduated income tax as we have now with some additional incentives for small business startups and families with newborns.


How much would we have to import in order to raise $6+ trillion in tariff revenue? At what percent?


Give me a home where the buffalo roam and I'll show you a house full of buffalo shit.
 
Posts: 1700 | Location: IOWA | Registered: 27 October 2018Reply With Quote
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Picture of Nakihunter
posted Hide Post
The discussion has gone off topic.

If Trump loses, he will be prosecuted and probably jailed. The far right media will be forced to find a new standard bearer.

The GOP will be like a fish market in Liberia.

Now ...

What will Trump do if elected?

1. He will use tariffs as a leverage to shake down China and international billionaires
2. He will be surrounded by drifters worse than last time.
3. He will set up back channel relationships to enrich himself and his family
4. In his last term, Ivanka secure many huge contacts and business licenses from China. This will increase 20 fold.
5. He will vindictively target all his enemies and even those he perceived as offending his ego.
6. He will implement Project 2025 in its extreme form

I could go on for ever.


"When the wind stops....start rowing. When the wind starts, get the sail up quick."
 
Posts: 11424 | Location: New Zealand | Registered: 02 July 2008Reply With Quote
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posted Hide Post
quote:
Originally posted by ANTELOPEDUNDEE:
quote:
Originally posted by ledvm:
quote:
Originally posted by RolandtheHeadless:
quote:
Originally posted by ANTELOPEDUNDEE:
quote:
Originally posted by RolandtheHeadless:
quote:
Originally posted by ledvm:
Flat taxes can be made as progressive as you like by graduating them.


I could support a graduated flat tax.

Get rid of all deductions and credits, and isn't that what we'd have?


So you and I go to buy $500 worth of fishing gear. How will the "system" know that I have to pay 8% VAT, but you have to pay 14% VAT?


I thought he was talking about a graduated income tax. That's what I referred to.


You were exactly right that IS what we were talking about.


We already have a graduated income tax, DUH!


But current tax breaks aren't graduated, they almost exclusively benefit to top tiers.

Forget the "flat tax" nonsense, just eliminate the IRS treating some dollars different from others, eliminate deductions and tax credits across the board, set a minimum income below which there is no income tax, something like $15k or $20k, then establish a simple graduation; $20k-100k pays 15%, $100k-500k pays 20%, $500k- $2 million pays 25%, $2 million-10m pays 30%, all income over $10 million is taxed at 35%. After two years all numbers could be adjusted to account for reality, hopefully down a few points at all levels.


"If you’re innocent why are you taking the Fifth Amendment?”- Donald Trump
 
Posts: 11104 | Location: Tennessee | Registered: 09 December 2007Reply With Quote
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Jeffive, I'd support your proposal except I think everyone with income of any kind or amount should pay something in taxes. Every adult should have to buy into our democracy.

Even if it's only one point. Someone with ten thousand income would owe a hundred dollars in income tax. It would give them not only a stake, but a citizen's dignity.
 
Posts: 7175 | Location: Coeur d' Alene, Idaho, USA | Registered: 08 March 2013Reply With Quote
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Not quite.

If your income is over certain amounts there have been several tax breaks of late that have been means tested. Been there, done that, didn’t pass go, didn’t get $200.

Walz and the state of MN did a lot more of it than the feds.

I’m sure since you don’t pay them you think they are fair…

ETA- your numbers are a hell of a lot less progressive than reality…


quote:
Originally posted by Jefffive:
quote:
Originally posted by ANTELOPEDUNDEE:
quote:
Originally posted by ledvm:
quote:
Originally posted by RolandtheHeadless:
quote:
Originally posted by ANTELOPEDUNDEE:
quote:
Originally posted by RolandtheHeadless:
quote:
Originally posted by ledvm:
Flat taxes can be made as progressive as you like by graduating them.


I could support a graduated flat tax.

Get rid of all deductions and credits, and isn't that what we'd have?


So you and I go to buy $500 worth of fishing gear. How will the "system" know that I have to pay 8% VAT, but you have to pay 14% VAT?


I thought he was talking about a graduated income tax. That's what I referred to.


You were exactly right that IS what we were talking about.


We already have a graduated income tax, DUH!


But current tax breaks aren't graduated, they almost exclusively benefit to top tiers.

Forget the "flat tax" nonsense, just eliminate the IRS treating some dollars different from others, eliminate deductions and tax credits across the board, set a minimum income below which there is no income tax, something like $15k or $20k, then establish a simple graduation; $20k-100k pays 15%, $100k-500k pays 20%, $500k- $2 million pays 25%, $2 million-10m pays 30%, all income over $10 million is taxed at 35%. After two years all numbers could be adjusted to account for reality, hopefully down a few points at all levels.
 
Posts: 11343 | Location: Minnesota USA | Registered: 15 June 2007Reply With Quote
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posted Hide Post
quote:
Originally posted by RolandtheHeadless:
Jeffive, I'd support your proposal except I think everyone with income of any kind or amount should pay something in taxes. Every adult should have to buy into our democracy.

Even if it's only one point. Someone with ten thousand income would owe a hundred dollars in income tax. It would give them not only a stake, but a citizen's dignity.


Fair point.

So let it be written, so let it be done.


"If you’re innocent why are you taking the Fifth Amendment?”- Donald Trump
 
Posts: 11104 | Location: Tennessee | Registered: 09 December 2007Reply With Quote
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Picture of Nakihunter
posted Hide Post
If Trump loses the elections, the GOP will be infighting. It has already started.

https://www.politico.com/news/...-foundation-00178808


"When the wind stops....start rowing. When the wind starts, get the sail up quick."
 
Posts: 11424 | Location: New Zealand | Registered: 02 July 2008Reply With Quote
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posted Hide Post
quote:
Originally posted by ANTELOPEDUNDEE:
quote:
Originally posted by ledvm:
quote:
Originally posted by RolandtheHeadless:
quote:
Originally posted by ANTELOPEDUNDEE:
quote:
Originally posted by RolandtheHeadless:
quote:
Originally posted by ledvm:
Flat taxes can be made as progressive as you like by graduating them.


I could support a graduated flat tax.

Get rid of all deductions and credits, and isn't that what we'd have?


So you and I go to buy $500 worth of fishing gear. How will the "system" know that I have to pay 8% VAT, but you have to pay 14% VAT?


I thought he was talking about a graduated income tax. That's what I referred to.


You were exactly right that IS what we were talking about.


We already have a graduated income tax, DUH!


You might try paying attention to what we're posting.

We're talking about a graduated flat tax--without being riddled with credits and deductions.
 
Posts: 7175 | Location: Coeur d' Alene, Idaho, USA | Registered: 08 March 2013Reply With Quote
one of us
posted Hide Post
quote:
Originally posted by ANTELOPEDUNDEE:
quote:
Originally posted by RolandtheHeadless:
quote:
Originally posted by ledvm:
Flat taxes can be made as progressive as you like by graduating them.


I could support a graduated flat tax.

Get rid of all deductions and credits, and isn't that what we'd have?


So you and I go to buy $500 worth of fishing gear. How will the "system" know that I have to pay 8% VAT, but you have to pay 14% VAT?


Goes by your Social Credit Score, administered by the IRS...


TomP

Our country, right or wrong. When right, to be kept right, when wrong to be put right.

Carl Schurz (1829 - 1906)
 
Posts: 14845 | Location: Moreno Valley CA USA | Registered: 20 November 2000Reply With Quote
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posted Hide Post
So the IRS and all stays strong w VAT.
 
Posts: 12895 | Location: Somewhere above Tennessee and below Kentucky  | Registered: 31 July 2016Reply With Quote
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posted Hide Post
quote:
Originally posted by LHeym500:
So the IRS and all stays strong w VAT.


If you employ a non-uniform VAT in all likelihood the IRS will persist for a time. Wouldn't they have a LOT of unfinished business to take care of?


Give me a home where the buffalo roam and I'll show you a house full of buffalo shit.
 
Posts: 1700 | Location: IOWA | Registered: 27 October 2018Reply With Quote
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