Buffett Rule

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Pay your fair share. Cutting spending can only go so far and at the end of the day to get rid of the bill you need yo pay more. End of story.

I invite you to define "fair share", this would imply an equal share or perhaps the same rate. Of course, some of us have some fairly exotic ideas about the meaning of the word fair.
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Quote: That amendment is unconstitutional that is an overreach of government authority.
I don't like income taxes either--they are structural inhibitions to employment and prevent upward socio-economic mobility.

However, the progressives followed the rules and got all the necessary votes, and the income tax is in the constitution. It is inherently constitutional.

To argue otherwise is delusional, irrational, or just silly.

WW
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Quote: So I guess we should bulldoze the interstates and break up the military and give each state their own militia again too? The best part about the constitution is it was made to be amended so it could adapt to change. Just because in the 1700's they didn't forecast Turbo tax and h&r block doesn't mean it can't be regulated today.

Pay your fair share. Cutting spending can only go so far and at the end of the day to get rid of the bill you need yo pay more. End of story.
Great points. Which one of those faces means sarcasm?

WW
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Since I'll never make 1 million dollars a year any kind of way, it doesn't really matter to me. Also, we will never pay down the national debt so it really doesn't matter if we raise taxes or not.
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Keep the Bush Tax cuts
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Quote: Since I'll never make 1 million dollars a year any kind of way, it doesn't really matter to me. Also, we will never pay down the national debt so it really doesn't matter if we raise taxes or not.
You bring up an interesting point, if debt really doesn't matter, why would we ever worry about tax revenue?

Just keep those printing presses rolling and we can take care of all the problems.

Until we can't, inflation is going to be the most fair tax of all.
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FairTax.org

everyone should pay something
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Quote: I forgot who it was but someone did the math and figured if this Buffett rule goes into effect that it will cover the governments bills for FOUR DAYS! Like you said, people need to pay their fair share. Like half the population that pays nothing need to pay their fair share.
And if you took half of everything that the 50% of Americans who don't pay income tax (but do pay payroll taxes, BTW) make, you would raise roughly the same amount of money. I agree that the government spends too much money on stupid things in stupid ways -- but I don't think simplistic ideologies ("taxes are bad" or "rich people are evil") are going to be the source of much progress.
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Tax discussions generate a lot of heat--many ideas come up. Some of them, in my opinion, are good and some are ridiculous and stupid.

I think the fundamental problem with the fisc, the budget, and the revenue that funds it are that those who spend the money are not required to confront the issue of scarce resources. As long as money can be found by printing it, stealing it from the future, or stealing it from the productive economy no economizing is necessary by those who spend public funds.

Pegging the budget to the GDP as some percentage forces them to fight over a finite amount. Until such limits are forced upon them a tax policy discussion, with respect to debt/deficit is meaningless.

WW
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Quote: That amendment is unconstitutional that is an overreach of government authority.
I,m sure the IRS hears that many times a year .


Ally
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