LastPommerFan

If it makes you feel any worse, most banks have check deposit by smartphone now.

Your "Fair" could destroy the economy. It also isn't equitable. Look at the vast majority of government spending: Medicare and Social Security. everyone with a job pays the same amount until they make about $106k (i haven't looked up the most recent numbers, but it's around there) after than you pay only medicare. so EVERYONE with income is already paying into the LARGEST piece of federal spending. That happens to also be the piece that everyone takes advantage of equally. Next you have military spending. I would argue that between DoD contractors and the military's main goal being the protection of oil trade, this spending disproportionately benefits the wealthy. Next you have income security (Unemployment etc.) this spending is used by people who by definition won't be paying taxes while they're using it. But the benefit of this spending again keeps the economy going. I would argue that anything that keeps the economy churning disproportionately benefits the wealthy. The income gap proves that the top 1% are receiving a disproportionate share of the bounty. I don't have a problem with this, but any taxes collected to protect this bounty should come from those who are benefiting.

oh, no. 3% would be way too low. I think we are ok where we are, around 50%.

The police implement law and order. This country's laws and order are designed to protect life and property. Everyone has one life, but property is not evenly distributed. The rich "use" police protection more than the poor ever could.

Gas taxes pay for roads. It's a pretty good system. Users who drive more pay more. Heavier less fuel efficient cars pay more. As for police. Who "uses" them?

Protectionism always leads to economic ruin. This is one of the very few unavoidable constants in economics. Call Centers would simply be spun off into separate companies from which those services would be purchased. The legal entity that could be taxed in a US jurisdiction would be 100% american, incredibly small, and have zero profits. Other nations would implement the similar policies against us. Bye-Bye Honda Plant in Indiana, See you later Toyota Assembly in Kentucky. Look at the price jump at McDonalds (huge overseas employee #'s because it's hard to serve a hamburger in Shanghai from a counter in Detroit). While the export market dries up, there will be a health care disaster combined with the unemployment as Sanofi-Aventis drugs and Siemans Imaging equipment become unavailable due to import restrictions. Meanwhile, the oil market gets a shock worse than the entirety of Saudi Arabia catching on fire, as the oil multinationals try and redistribute their tankers to best avoid the import duties, since none of these companies have a significant employment base in any one country. Worst of all, the $1.4 Trillion per year in agricultural exports gets hammered because these goods end up rotting at ports trying to figure out how to get them out of the country. That's about 10% of the economy. And it feeds a huge chunk of the world. If starving people are good for anything, it's starting a war. So the inevitable end of these policies is WWIII. I do not believe I am exaggerating any of these effects. It would be terrible.

He's in jail. Let it go.

Bush league.

ok, everyone Google podium vs. lectern. please. this is insanity.

except the goalies. To many flashing red lights. Gives them nightmares.

This protectionist tax policy would bring the world economy to a screeching halt. It would cause a disastrous trade war.

This belongs in the things that are awesome thread.

Well it sure as ###### won't be the vilianization of Jeremy Jacobs.

I can't figure out why anyone thinks all the Algonquins in Lackawanna are going to just sit there and let these billionaires ignore their broadcast rights.

You just got through a huge Presidential politics thread explaining to us that the economy wasn't bad. Now this? pick a side man.

Personal Income Taxes have an effect on spending, but not on where and what jobs are located withing a given economy. Corporate Taxes have little effect on spending, but in a global economy, they have a huge effect on which jobs get placed where. That said, Canada's oil reserves are not going to get up and move to China, so corporate taxes can have different effects depending on the industry.

I was in a similar range. Wife + 2 kids = $14.8k personal and dependent exemption. mortgage interest = $11k deduction, state and local taxes = $9k deduction, student loans = $2k deduction, 401(k) contribution = $5k deduction. Now my taxable income was $28k on $70k income. So federal tax due (married filing jointly) at bush rates = $3380. minus child tax credit ($1k per child) = $1380 on $70,000 = 2% effective tax rate. now, if you count payroll taxes you add another 7.65% on that and we're at 9.65% or a shade under $7k in taxes, compared to the $9,100 due under a flat tax system. I don't t believe, however, that the 13% suggestion factors in the payroll taxes.

how bout we make the payroll taxes flat instead of them being anti-progressive (i.e. the poor pay a higher % than the wealthy).

As far as dollars and revenue go, for the top wage earners in the country, they make so much above the top tier bracket, that the top marginal rate has a strong effect on their effective rate. What would be more effective, imo, would be to add some progressiveness to the capital gains, dividend, and estate taxes. Lower rates on the middle class, and slightly higher above, say, $500k.

He can't negotiate the business side, because he doesn't care.

damn it this does not bode well for our chances of improving under center.

All Hail Lord Zemgus!

well i am one happy superfan :)

are these games streamed anywhere, and how can I watch them?

do you have any knowledge of the system? do they have xbox kinect?