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Message
re: We need to raise taxes
Posted on 1/6/26 at 5:52 pm to Eurocat
Posted on 1/6/26 at 5:52 pm to Eurocat
quote:
What we need to do is someone who before entering politics was a well known businessman who can run things. Then he can hire a wiz-kid younger guy but someone who also knows all the new things going on in technology, I dunno, someone like Elon Musk, and tell him to root out fraud and corrpution in the government. That should solve everything!
Guess who shot most of that down…
That’s right all democrats and some RINOs in Congress.
1
Posted on 1/6/26 at 5:55 pm to Ag Zwin
btw I owe someone here some Reagan Bush pins from back in the day but you never claimed them. The stuff I donated to the Bush Library in College Station library has been accepted and on display There's a bottle of champagne due to be opened as soon as the revolutions are successful ,, Our plans hatched back then are coming to fruition
Don is following orders.
Texas Oil money back in charge of foreign policy.. ka-ching
Posted on 1/6/26 at 5:57 pm to Eurocat
What is the source of your percentages? Shouldn’t the taxes be borne by all and not just 50% of the population?
Posted on 1/6/26 at 5:58 pm to Ag Zwin
I’m pretty sure people are missing the very clear point I was making.
Hint: It had very little to do with the vast majority of the people on this board.
Hint: It had very little to do with the vast majority of the people on this board.
Posted on 1/6/26 at 5:59 pm to Warboo
quote:
Guess who shot most of that down…That’s right all democrats and some RINOs in Congress.
Of course, what do you expect, their interests were being threatened. If own a sports bar in a town and a bill to ban sports bars is up for debate damn right I will show up and argue agaainst it. Any surprise government workers tried to save their jobs? Why are we shocked about this it was to be expected.
Posted on 1/6/26 at 6:01 pm to Eurocat
quote:
Of course, what do you expect, their interests were being threatened. If own a sports bar in a town and a bill to ban sports bars is up for debate damn right I will show up and argue agaainst it. Any surprise government workers tried to save their jobs? Why are we shocked about this it was to be expected.
Terrible analogy but your point is taken. Why is that all dems voted against? There were a few RINOs but all dems. Tell me why.
Posted on 1/6/26 at 6:01 pm to Eurocat
quote:
Flat tax would lower taxes on the top 10 percent and raise taxes of 90 percent of Americans. No politician in his or her right mind would vote for that.
You’re getting downvoted on spec, but you are exactly right.
From ChatGPT:
Q: If we went to a flat tax rate at federal level for all incomes, what would that need to be to keep revenue neutral.
A: If you mean replacing today’s graduated federal individual income tax with a single flat rate, and you want it revenue-neutral for the individual income tax (not payroll taxes), the flat rate depends mainly on what “income base” you apply it to.
Using the latest IRS “complete” nationwide totals that are easy to plug into a flat-rate calculation (Tax Year 2022, SOI Publication 1304 tables): ?
1) Flat tax on taxable income (keeping today’s deductions/exclusions structure)
This is the “same tax base, just one bracket” version.
• Total taxable income (TY2022): ˜ $11.404T
• Income tax after credits (TY2022): ˜ $2.099T
Revenue-neutral flat rate ˜ $2.099T / $11.404T = 18.4%
So: about 18–19%.
2) Flat tax on AGI (a broader base; closer to “no deductions” depending on design)
This is the “broaden the base, lower the rate” version.
• Total AGI less deficit (TY2022): ˜ $14.834T
• Same income tax after credits: ˜ $2.099T
Revenue-neutral flat rate ˜ $2.099T / $14.834T = 14.1%
So: about ~14%.
Why you’ll see different answers
A “flat tax” proposal is ambiguous unless you specify whether you:
• keep/kill standard deduction, itemized deductions, child credit, EITC, capital gains preferences, etc.
• tax AGI vs taxable income vs wages only vs all income including currently excluded items
• are trying to match income-tax receipts in a fiscal year (cash collections) vs tax-year liability (what returns report)
For context, FY2024 federal receipts from individual income taxes were about $2.426T. ? (That’s a fiscal-year cash number; it won’t line up perfectly with TY2022 return totals.)
Posted on 1/6/26 at 6:09 pm to 844_Tiger
quote:
We need to cut spending, dramatically
We need to cut spending on fraud, dramatically.
Posted on 1/6/26 at 6:11 pm to Ag Zwin
Everyone should pay flat tax and if you don’t pay, you lose your vote.
Posted on 1/6/26 at 6:14 pm to TheGooner
quote:
As an aside, what if income taxes were eliminated altogether and a national sales tax was implemented?
You are welcome
Posted on 1/6/26 at 6:14 pm to 844_Tiger
We need to cut fraud, dramatically
Posted on 1/6/26 at 6:24 pm to SallysHuman
quote:
Of which percentage currently pay jack squat as of now.
An identical percentage that say that the rest of us should "pay our fair share".
Posted on 1/6/26 at 6:26 pm to Reagan80
quote:
What is the source of your percentages? Shouldn’t the taxes be borne by all and not just 50% of the population?
Source is at the bottom of the chart, its IRS data.
Posted on 1/6/26 at 6:28 pm to Ag Zwin
Consumption tax and no income tax. Fire the IRS.
Posted on 1/6/26 at 6:29 pm to Chromdome35
quote:
Let's eliminate all Medicare, daycare, welfare, SNAP,
Medicare would move the needle, but the other two wouldn't.
Medicare/Medicaid and SS.
That's where the money goes.
Posted on 1/6/26 at 6:29 pm to Eurocat
Raise taxes on the politicians until they fix the waste and fraud.
Tax their stock earnings at 70%
Tax their stock earnings at 70%
Posted on 1/6/26 at 6:29 pm to Warboo
quote:
Terrible analogy but your point is taken. Why is that all dems voted against? There were a few RINOs but all dems. Tell me why.
Because Dems in general favor governmental programs and additionally many Governmental employees are members of various Unions that contribute to the Dems? What am I missing here, this is not complicated.
That would be like wondering why the GOP supports gun control, well, duh, what party does the NRA (and similar bodies) mostly donate to?
Posted on 1/6/26 at 6:30 pm to Ag Zwin
Nope.....best way to raise money is a damn strong economy, period!
And DJT is trying to get that done.....
And DJT is trying to get that done.....
Posted on 1/6/26 at 6:34 pm to Eurocat
quote:Obviously it would depend on the rate. However, with a flat rate at or above 18% with no breaks, folks > top 10% would pay the same or more. A flat tax at that level would have cost me 6 digits last year.
Flat tax would lower taxes on the top 10 percent
Posted on 1/6/26 at 6:46 pm to Ag Zwin
Or, and hear me out, we stop the fraud and corruption first. Then use tarrifs and all the fraud money to abolish the IRS and end income taxes.
This post was edited on 1/6/26 at 6:47 pm
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