Can YA Cons answer a question about taxes without being political?

[brown9488@att.net]

Not in the politics section. You need to post in the tax section.

[qazqwer46]

Politics being discussed in the Politics section what a quintessence.

[caddywoompus]

What needs to happen is the fair tax. No taxes taken out of your check. You pay all of your taxes at the checkout. That way EVERYONE pays their fair share everytime they buy something. Here's what the Fair tax does:

Enables workers to keep their entire paychecks
Enables retirees to keep their entire pensions
Refunds in advance the tax on purchases of basic necessities
Allows American products to compete fairly
Brings transparency and accountability to tax policy
Ensures Social Security and Medicare funding
Closes all loopholes and brings fairness to taxation
Abolishes the IRS

[gcbtrading]

It should be easy to understand that placing an even more excessive tax burden on the investors and job creators... those who already effectively pay all of our tax revenue...will only serve to drive the last of them away to nations where their jobs and investment are welcome.

[Alan M]

Adopt the fair tax which taxes consumption. That way we gain revenue from all walks of life rich to illegal alien.

Cut down on spending.

That will stop driving US company's away or off shore by killing them with capital gains taxes.

[j k]

The simple answer is the same as it would be with your budget at home...
If you SPEND more than you make, you can either stop spending as much or file for bankruptcy. You can't go to your boss & inform him that he's going to give you a raise because you need more money to keep up with your spending. He'll laugh & then toss you out on your ear.
Congress doesn't have to be responsible like that. They toss money like Santa throws candy at a Christmas parade & then when they run out of money, do they stop spending? Hell no. They raise taxes.

[Viv]

Since you've admitted that those with a lower income already have a heavier burden, I propose that we raise taxes on the upper classes (NOT on business, but on the actual monetary salary of upper-level, upper-crust officials). Taxing 50% of what multi-millionaires make will get you further than 30% of what the average person makes, or even 30% of what everyone makes. And I'll let you know that it's a lot easier to live on $500,000 a year out of a million than on $30,000 out of $50,000.

[Tony H]

Nobody likes the answer to this. But the truth is that government has grown to an unsustainable size.. Raising taxes has been shown to actually hurt revenue collections...and now that so many are dependent on the government for employment you cant go slashing that to nothing right away either.. The great society was a failure.. The baby boom and record trade deficits killed it...we now face a 53 trillion dollar entitlement deficit. If you are going to save the Government entitlements you will need to raise taxes and slash government spending.. and you cant do that in a service economy... We've shot ourselves in the foot...
and the massive "adjustment" to our economy, energy policy, and monetary policy just might mean the end of freedom as we knew it unless there can be a strict return to constitutional government.