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Old 12-17-2006, 01:02 PM
Danzig Danzig is offline
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Join Date: May 2006
Location: The Natural State
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some advocate everyone paying the same % of taxes. but others think those who have more, should pay more. but obviously, if you pay more, your % paid would be more.
also, as for capital gains, some feel if you tax them, you hinder re-investment. that it also keeps the rich from getting into business, and as they say, no poor folks hire people, start a business, etc. no easy answers here folks. you can't argue with results, and tax revenues have risen. arkansas is looking at close to $1 billion in excess revenue. that's a huge amount of money, and in a state that taxes at a high rate. we have state income tax, property tax, personal property tax, and a sales tax that even taxes groceries and medicine! some are advocating completely eliminating grocery and meds tax, while others are trying to find some way to spend the money before any taxes are cut. no one wants a cut in essential services, but some folks opinion of 'essential' is far different than others.
then there's the earned income tax credit. i work with people who not only pay no fed income tax, but get thousands back--that they never paid out. this isn't a 'refund', it's another form of redistribution of wealth.
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