Tilted Forum Project Discussion Community - View Single Post - Kerrys paid just 12% on combined Income tax in 2003

pan6467 · 10-14-2004, 03:21 PM

I recall in I believe the second debate Kerry saying he used tax loopholes because he could and they were there. He also said it wasn't right. Big deal.

What that 12% shows me is how truly little of their income the rich pay. Yet, to hear the GOP talking heads, the rich pay 50%. I have friends who make $50,000 and less and they paid more than 12% (which for them is eating at their needs far far more than the 12% eats at the rich's needs).

Doesn't tell me Kerry's dishonest, tells me that there is something seriously wrong with the system under Bush. Kind of proves the point the rich are the ones benefitting most from the tax breaks, that Bush claims is helping everyone. How you can argue against that is beyond me.

I say flat tax on income. 10% on $35,000 - $50,000, 12% on $50,001 - $100,000 15% on $100,001 - $999,999 and 25% on $1,000,000 and up. NO LOOPHOLES, deductions for self and dependants and maybe a retirement fund for those under $100,000. Then hold people's feet to the flames and make sure they pay what they owe.

Hell, even turn it into an Amendment that says gov't can only raise tax rates in a national crisis and that the raise is temporary and is reviewed every 2 years.

I'm sure there are some grredy fucks that would argue that still isn't fair, but I have a feeling the vast majority of the people would find that more than equitable and fair.

10-14-2004, 03:21 PM	#5 (permalink)
pan6467 Lennonite Priest Location: Mansfield, Ohio USA	I recall in I believe the second debate Kerry saying he used tax loopholes because he could and they were there. He also said it wasn't right. Big deal. What that 12% shows me is how truly little of their income the rich pay. Yet, to hear the GOP talking heads, the rich pay 50%. I have friends who make $50,000 and less and they paid more than 12% (which for them is eating at their needs far far more than the 12% eats at the rich's needs). Doesn't tell me Kerry's dishonest, tells me that there is something seriously wrong with the system under Bush. Kind of proves the point the rich are the ones benefitting most from the tax breaks, that Bush claims is helping everyone. How you can argue against that is beyond me. I say flat tax on income. 10% on $35,000 - $50,000, 12% on $50,001 - $100,000 15% on $100,001 - $999,999 and 25% on $1,000,000 and up. NO LOOPHOLES, deductions for self and dependants and maybe a retirement fund for those under $100,000. Then hold people's feet to the flames and make sure they pay what they owe. Hell, even turn it into an Amendment that says gov't can only raise tax rates in a national crisis and that the raise is temporary and is reviewed every 2 years. I'm sure there are some grredy fucks that would argue that still isn't fair, but I have a feeling the vast majority of the people would find that more than equitable and fair. __________________ I just love people who use the excuse "I use/do this because I LOVE the feeling/joy/happiness it brings me" and expect you to be ok with that as you watch them destroy their life blindly following. My response is, "I like to put forks in an eletrical socket, just LOVE that feeling, can't ever get enough of it, so will you let me put this copper fork in that electric socket?"