Senate blocks Bush tax cut extension.

[mustangguy289]

Just charge everyone a flat 10% tax on earned income for individuals and a 10% tax on profit for businesses and get on with life.

10% is good enough for God... it ought a be good enough for any Government.

[SEB]

Also not to mention most people who have medical Insurance who work will be paying close to $1500 a MONTH for a family of 2!

How on earth did our country come to this! Most peoples mortgage payment isnt $1500. They wonder why people who are middle class dont have kids. Well you add up $1500 a month for your medical insurance & then another $1200 for childcare. Thats $2700 a month just so your kids can go to the doctor & a daycare while you work to pay Uncle Sam

Lets not even get started on normal bills! Its way out of hand & soon there will only be THE RICH & THE POOR here in America!

Cause the Rich get loop holes to avoid taxes & the poor dont pay taxes. So who is paying for all this shit!

The Middle Class is! Which I might add is about to be extinct. Once America makes this gap. Its hard to ever close that gap & create a middle class once its gone!

[Denny]

we dont pay as we go, like most americans the government buys everything on credit, we are still paying off stuff from the cold war.

And we are spending money that MY great grandchildren will be making an attempt to pay off (if we're even in this country then).

[Hollywood]

we dont pay as we go, like most americans the government buys everything on credit, we are still paying off stuff from the cold war.

[helosailor]

If you gave the government every last dollar it needed this year, it would still spend more next year, because the whole system is geared to justify next year's budget on this year's expenditures over budget. They purposely go over budget trying to justify an increase in next year's budget.

That is not only absolutely true, but in so many ways the root of the problem. The system not only allows, but encourages and expects overspending. I don't know how many times I have heard, in mid-September, "We still have $xxx,xxx,xxx in the budget for the F.Y., get those 'want' lists turned into supply. If we don't spend it all, we won't get as much next year". It really sickened me how broken the system was and is.

[Denny]

Damn, Denny. Sounds like you're doing pretty well if you don't want to pay more money for being in the +250K bracket. Maybe I nned to get some career path advice from you.

I've been doing crap that many people don't want to do in an environment that no one wants to go for a long time. I've missed out on a lot of my family's life and I've robbed them of having a complete family. The least I can get is a decent compensation for them. Now, that isn't worth it either.

[Denny]

Look, asphaltjunkie, the problem isn't people paying taxes or not. The taxes that ARE collected should be more than enough for our nation to function as it is. The problem we're in is the people in power that are at the controls of the money are mismanaging what they receive through poor decisions and overspending. You and many others have been duped into believing that if "We the People" put more into our government through higher taxation, that the problem would correct itself. In all reality, the government would just spend and mismanage more; possibly at a higher level of wrecklessness.

[YALE]

I want to see some guarantee that if we pay higher taxes the additional amount would be used to reduce the deficit instead of going toward increased spending. That will never happen though. What will happen with increased taxes is the aforementioned additional spending and then we'll be right back in the same spot, with high deficits, and the politicians saying that we need higher taxes. For that reason, i'm staunchly against tax increases. Washington needs to have it's spending reigned in.

Not going to happen under the current system of taxation. The system is gamed to encourage a year over year increase in federal debt.

[YALE]

what's wrong with paying your fucking taxes? maybe if all the ballers out there would actually PAY their taxes, instead of finding deduction after deduction and write off after write off, we wouldn't be in such a big fucking hole.....

A lot is wrong with paying income tax on wages earned. Not a lot is wrong with reasonable capital gains taxes, estate taxes, or excise taxes. Also, more money is not the answer. If you gave the government every last dollar it needed this year, it would still spend more next year, because the whole system is geared to justify next year's budget on this year's expenditures over budget. They purposely go over budget trying to justify an increase in next year's budget. That's beside the point. The flow of capital should not be dammed up and diverted, like so much water. It may need to seek its own level like water, but from there, the similarity ends. This is where a VAT would be handy, because your earnings would be wholy yours, and you could spend them as you see fit. Instead of taxing you on what you make, you would only be taxed on what you buy, encouraging saving rather than borrowing. Would it reduce demand for cheap loans? Drastically. Oh well, poor bankers!

[sig239]

When the Feds show some fiscal discipline I'll be ready to talk about higher taxes (to a point).

No shit why give a crack hoe any money there just giong to buy more crack.

[sig239]

Wow, guys, did I get under your skin with that one? :-)

I'm like you guys, I get taxes taken outta my check every week and I don't like it much, either.

I just think that the system as a whole is broken, and what was once a good thing has become a fucked up thing. There are too many loopholes for people to use to avoid paying any taxes, especially the rich people. Greed has a firm grasp on a large chunk of our population, and IMHO, it's one of the things that's fucking us over as a whole.

Here's something to think about. We're trillions of dollars in debt, we all know that. But how much smaller would that debt possibly be (given the gov't doesn't waste it all) if EVERYONE paid their taxes like they should, especially the rich people, instead of finding every single loophole to keep from paying?

And I know all your arguments for not wanting to pay, most of you have stated those already, and trust me, I understand them. I'm just trying to bring a different perspective to the situation. No need to crucify me.

Boy you are truly uninformed arnt you.

http://usgovinfo.about.com/od/incometaxandtheirs/a/whopaysmost.htm

[bubbaearl]

where do i sign up for a 10% tax rate .

[Forever_frost]

I am happy I don't have to deal with this BS. Other than the taxable income of my wife's I'm out of that rat race. We're trillions in debt because the federal government likes opening post offices to put a name on them when they are not needed, have unions with billions in legacy costs and aren't turning a profit and our politicians make bank and are allowed to have assets in the millions while being public servants

[FATHERFORD]

I already pay as much in taxes as my wife makes a year.. I don't need to pay anymore.

[mikeb]

I want to see some guarantee that if we pay higher taxes the additional amount would be used to reduce the deficit instead of going toward increased spending. That will never happen though. What will happen with increased taxes is the aforementioned additional spending and then we'll be right back in the same spot, with high deficits, and the politicians saying that we need higher taxes. For that reason, i'm staunchly against tax increases. Washington needs to have it's spending reigned in.