I would not mind paying my income taxes so much if the bastards didn't just piss it away. The American people should be outraged by the $800,000 Vegas party taken by GSA. Someone needs to go to prison for something like that.
The VP of Purchasing did that at a major corporation they would be fired for cause. Our government will hold some hearings and blow it off.
Income Taxes
Income Taxes
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group
Re: Income Taxes
Well said!!!! The only thing I would add to your sentiments is I would support the so-called Buffet rule if the bottom 50% of income earners in the country also had to pay at least SOME income taxes!
Re: Income Taxes
IMO the "Buffett Rule" is a very bad idea. It is really just a doubling of the rate on capital gains. That will drive even more capital out of the U.S. markets.
I have no problem with the really poor people paying no income taxes since they do pay a lot of sales taxes, gasoline taxes, etc. but that should only be about 25% of the population. That next 25% should pay something.
What really burns me is that they are taxing people on their Social Security payments. That is double taxation. Plus, Social Security is not a "entitlement". We worked hard for it and we paid for it. If all the money I paid & my employers matched for social security had gone into a private account, it would be worth well over $1 million today. I will never receive close to that in benefits.
I have no problem with the really poor people paying no income taxes since they do pay a lot of sales taxes, gasoline taxes, etc. but that should only be about 25% of the population. That next 25% should pay something.
What really burns me is that they are taxing people on their Social Security payments. That is double taxation. Plus, Social Security is not a "entitlement". We worked hard for it and we paid for it. If all the money I paid & my employers matched for social security had gone into a private account, it would be worth well over $1 million today. I will never receive close to that in benefits.
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group
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bearcatbob
Re: Income Taxes
The whole issue of SS is of great interest to me. First of all, my wife and I were both retired when we turned 62 and we took SS immediately. I figured that A = I would have to live a long time to make more than starting early, and B = it may well disappear for me long before I get to that break even age. I do pay a tax on some of my SS. I think that changes when we turn 65 - this year.
And yes - I paid for it. However, if we ever get some kind of comprehensive budget compromise I would be willing - as long as I am able - to give up some of my SS benefits. Hell, my mother was able to simply give hers away until her much later years.
The point I would make is that while I am willing to sacrifice (we are not in the 1%) I am not willing to give up a damn thing until much of the nonsense is stopped. IMO our dear leader is about to forgive student loans and home mortgage loan principals. Absolute nonsense - as is much of what goes on as vote buying in Washington.
Bob
And yes - I paid for it. However, if we ever get some kind of comprehensive budget compromise I would be willing - as long as I am able - to give up some of my SS benefits. Hell, my mother was able to simply give hers away until her much later years.
The point I would make is that while I am willing to sacrifice (we are not in the 1%) I am not willing to give up a damn thing until much of the nonsense is stopped. IMO our dear leader is about to forgive student loans and home mortgage loan principals. Absolute nonsense - as is much of what goes on as vote buying in Washington.
Bob