Mr Obama has a plan

[Walt_M.]

The Obama administration announced a new plan today to combat the oil spill in the Gulf of Mexico. He has dispatched LA Sen. Mary Landreau to offer the well a job in his administration if it will stop running.

[Brian Moffet]

That took me a second or two, but nice :-)

[Walt_M.]

He has alternate plans to either surrender and condemn Israel and the previous administration or place a new tax on people making over $250,000/year because, who doesn't want to put more taxes on rich people?

[Brian Moffet]

He has alternate plans to either surrender and condemn Israel and the previous administration or place a new tax on people making over $250,000/year because, who doesn't want to put more taxes on rich people?

You see, this one wasn't funny at all...   

[Walt_M.]

Yep, too close to real to be funny.

[Brian Moffet]

Yeah, I just want to go back to the average tax rate in place when Reagan was in office...

Brian (and yes, I am serious)

[h2olawyer]

How about a one (or maybe two) rate flat tax that starts around $20K (tied to inflation) with absolutely no deductions, exemptions, credits, etc.  You add all sources of income, multiply by xx% and that's your tax bill.  Done on a postcard in less than 10 minutes.  Cheap to implement & enforce.  Compliance would be higher with the simplicity and set rate as well.  Need to keep the business tax code complicated for a while so there aren't too many unemployed accountants, though.

H₂O

[Brian Moffet]

2 scenarios for a flat tax rate of 17 % (for example.)

Sample 1:
    you earn 40,000 for a family of 4
    you bring home 33600 net (not including payroll tax, SS, etc..)
    you pay 2000 a month in rent for a total of 24000
    you pay 100 per week for food for a total of 5200
    you pay 100 a month for gas an electric for a total of 1200
    you pay 100 a week for health insurance for your family

    You lose money because you owe 2000 a year at the end of the year.

Sample 2:
    you earn 125000 for a family of 4
    you bring home 105000 net
    you pay 2000 a month in rent or mortgage for a total of 24000
    you pay 100 per week for food for a total of 5200
    you pay 100 per month for gas and electric for a total of 1200
    you pay 100 per week for health insurance for your family
    do the math

Then add in the payroll taxes, the retirement accounts, etc and you have a situation where I can afford to retire but poor Scott Parsons has to imitate Garth Brooks for the rest of his life...

Brian

[JohnAMcG]

Lol.  You guys should stick to riding motorbikes and leave the politics to the professionally retarded.  No matter what the tax rate has done, the take has historically always been 12% of GDP.  Look it up if you don;t believe.  No matter how much you tax the rich, or how little the poor, they always get 12%.  The rich can find the loopholes, why do you think so many of Obama's people had not paid their taxes when they took office.  Because they legally didnt need to.  Income tax is voluntary in this country, but they have ways around that to enforce it.  If you read the laws though it is always voluntary, and when the Feds have your state enforce a lien on you, thats where they pull the wool, because the state takes their word, without any of the otherwise absolutley necessary documentation to establish that or any other lien in court.  The trick is also made in what you consider income.  Trading my time and labor for some sort of payment is not income.  Thats a straight exchange.  Income is interest, SS, all that stuff.  Also, all federal employees must pay it on their wages, by law.  In the years after it's inception less than 10% of americans paid income tax, not because they were derelict, but because they were not required to.  Still aren't, but you've been tricked.  ANd the trick has gone on so long, you are crazy if you call attention to it.  My .02.  Well Unlce Sam's .02.

[fret not]

Well, which reality IS it? ???  There are folks sitting in prison for not paying federal taxes.   As a self employed business I get to pay about twice what most folks with a day job pay.  Really glad to have Medicare now!

[funkamongus]

currently, I have to work well into my afterlife to pay this life off....

[YellowJacket!]

Yeah, I couldn't afford to run my computer repair business.

I think what is frustrating so many people is what the government is doing with our money.  There is no accountability.


David

[funkamongus]

I know there are cali libs on here, But, we gotta see, its a failed experiment. And socialism, is failed period. EVERYWHERE. Greece is living today, our future. There are no options to it.   

[funkamongus]

I must confess, if we had truly unlimited funds, I would be a liberal, too. Im fact, Id be ultra liberal. But we dont and Im not.

[kiawrench]

seems mr obama has had a plan all the time
be the first non american born president
spend money our grandchildren will be working to pay back
get out of office and make millions giving speaches ----
so far two out of three are checked off .

[funkamongus]

Seems to me, "get even with whitey", should be on that list...  Racist they call me. Cause I dont agree with him or believe he is the new messiah. I see racism, alright, but its reverse.

[fret not]

Careful, you might expose your intelligence. ;)

[Brian Moffet]

be the first non american born president
spend money our grandchildren will be working to pay back
get out of office and make millions giving speaches ----
so far two out of three are checked off .

He was born in Hawaii.  How is that not American Born?  You must be confusing him with McCain who was born out of the country.

Bush bailed out the banks.  Bush also got rid of the surplus that his predecessor left him.  Palin is making more money now giving speeches, and I seem to recall that Cheney is doing really well with the speech fees (as is Bush Jr.)

Do you really want to go here?

Brian

[The Prophet of Doom]

be the first non american born president
spend money our grandchildren will be working to pay back
get out of office and make millions giving speaches ----
so far two out of three are checked off .

He was born in Hawaii.  How is that not American Born?  You must be confusing him with McCain who was born out of the country.

Bush bailed out the banks.  Bush also got rid of the surplus that his predecessor left him.  Palin is making more money now giving speeches, and I seem to recall that Cheney is doing really well with the speech fees (as is Bush Jr.)

Do you really want to go here?

Brian

Hawaii is part of America?  You learn something every day.

[supervision]

 We need to bomb The Federal Reserve, if not we will be facing Zillion dollar debt. their's no other way to stop this run away train.