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Originally Posted by Host
The only way to collect taxes is on the record of receipt of income. We enjoyed deficit reduction by the end of 1999, that saw only an $18 billion annual treasury debt increase, that year....compared to an average of $412 billion per year, since the Cheney driven, $1.3 billion tax cut was passed by a republican controlled congress and executive branch.
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Well this thread is about correcting bullshit things like that. The rich don't get a pass. Everyone pays, and if you don't you go to pound me in the ass prison. I don't have a solution to the outside the US tax thing, but that hardly means there is no solution.
This is about planning for progress.
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Originally Posted by Host
In addtion, the wealthy cease to experience 7-3/4 percent FICA withholding on income above $100K, each year. The poor pay FICA withholding on every dime that they earn. The wealthy have access and influence over elected officials, access to the best legal defense and protections, hedge fund access, etc., etc......and the best tax attorneys and accoutants...and everyone else does not.
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Then we need to hold these elected officials to the fire. If you bribe someone, the government ceases your assets and starts a college fund.
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Originally Posted by Cynthetiq
so either way then everyone has less money in their pockets. am I correct in that assessment? either taxes are taken out from everyone or national sales tax. I'm making sure you are in agreement, that people across the board will have less money in their pockets, especially the poor. yes?
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Completely, totally, wholly, and utterly wrong. Everyone will get heath care, and they'll get it dramatically cheaper than it is now. Those who can't afford health care now, when they become sick or need medical assistance, pay through the nose for it. They won't be paying that anymore. Everyone saves a lot of money for health care from the richest of the rich to the poorest of the poor.