Perry's Flat Tax
- Thread starter seneca_roman
- Start date
everyone agrees spending should be cut. the devil is in the details. republicans want to cut spending for the poorest. democrats want to cut subsidies for the rich and ask them to pay what they did under clinton. neither side will budge.
putting aside the moral implications of taking it out of the poors hide it is obvious that both sides will have to give some. we already know obama would take any deal that had some minor revenue increases. that leaves the road block on the republican side.
LOL. I've often thought it would be a lot easier to just go this route and let inflation be the tax man. But, I can't imagine turning Congress loose with their own printing press. It's bad enough when the Fed prints money but Congress!!!??----they would print tens of trillions of dollars every year for themselves and their cronies! There would be no stopping them.Quote from PAPA ROACH:
How about we just end all taxes, period. The FED can just print whatever the bastards need
Oh, and on Perry's flat tax: One or the other but not two income tax systems to choose from. Perry just keeps showing how stupid he is. And I say that and I live in Texas and voted for the nit!
I am happy conservatives are digging their heels in right now and saying "no tax increases."
The reason why tax increases never end up helping the deficit is because the politicians blow the money before it ever has a chance to hit the till.
If you look at what is happening right now with Obama's "jobs bill" he wants to raise taxes on the rich by 5% and he wants to blow 10 years of the savings that will produce, ALL AT ONCE, in 1 year, no deficit reduction at all, just take it and spend it.
And what happens when that fails? Are we going to raise taxes another 5% so Obama can blow it all again in a year?
The reason why tax increases never end up helping the deficit is because the politicians blow the money before it ever has a chance to hit the till.
If you look at what is happening right now with Obama's "jobs bill" he wants to raise taxes on the rich by 5% and he wants to blow 10 years of the savings that will produce, ALL AT ONCE, in 1 year, no deficit reduction at all, just take it and spend it.
And what happens when that fails? Are we going to raise taxes another 5% so Obama can blow it all again in a year?
I voted for him once, I also voted for Kinky for the fun of it.
Perry's flat tax would be sweet for me as a futures trader, no cap gains tax and 20%, on a 60/40 that would make my tax rate a whopping 8% before deductions! I am all-in on that.