We're Doomed, He Hasn't a Clue

[Riot]

Originally Posted by jms62

No tax deduction for Mortgage Interest will further Savage the housing market. I would allow writeoff of interest on up to 1 million of mortgage principal.

Ditto.

Originally Posted by jms62

No tax deduction for Mortgage Interest will further Savage the housing market. I would allow writeoff of interest on up to 1 million of mortgage principal.

Whoever wants to get rid of that write off needs to be thrown into a shark pit.

[Danzig]

Originally Posted by Riot

That's not what the program is. Geeshus cripes, it's not a savings account. It's not a retirement account. It's not a ****ing tax.

It's an old-age pension, a safety net, that we the society gives our seniors, because we got tired of seeing them die of poverty in the streets.

And there is no major or immediate - or even intermediate - problem with Social Security meeting all it's obligations. This is all false alarm and nonsensical straw men.

Geehus - worry about something that matters, that is a real problem, like Medicaid or Medicare. Good lord.

medicare is a part of ss, it's part of the ss act that amended the social security program. 1965.
just reminding you of that, so that in future when i mention that ss needs help, it's the entire program, not just the retirement portion.

[Danzig]

Originally Posted by dellinger63

No you are entitled to your SS. I just said it's sad that you didn't plan/save for retirement and now depend on that check. You know, when you were crying 'poor'.

a lot of people depend on that check; they paid into it, they earned it. i think it's rather disingenuous to harp on someone for saying they rely on it, and then going on about how it's a ripoff and you won't get yours.

[Danzig]

Originally Posted by Coach Pants

Whoever wants to get rid of that write off needs to be thrown into a shark pit.

i can't believe that cut has even been suggested.

[Antitrust32]

Originally Posted by jms62

No tax deduction for Mortgage Interest will further Savage the housing market. I would allow writeoff of interest on up to 1 million of mortgage principal.

well keep some then. I've never bought a house so I dont have experience with that.

but I think there should be a flat tax rate.. and no loopholes. maybe some deductions allowed, I never claimed to know everything!

but it really pisses me off when I have friends with kids get back more than what they paid in. that shouldnt happen.

[joeydb]

Originally Posted by Antitrust32

well keep some then. I've never bought a house so I dont have experience with that.

but I think there should be a flat tax rate.. and no loopholes. maybe some deductions allowed, I never claimed to know everything!

but it really pisses me off when I have friends with kids get back more than what they paid in. that shouldnt happen.

I agree: Flat tax, no deductions. Make 10x as much, pay 10x as much. Make half as much, pay half as much.

Put in a poverty line, and anything above that line gets taxed at one uniform rate. No bracket creep. Simple - anyone who can do elementary math will know what to pay. No complex accounting.

[Danzig]

it's all well and good to suggest changes to other programs-but if the govt would just buckle down and make the needed changes to what constitutes the bulk of fed. govt. spending, none of these other small issues would have to be addressed.
we do need tax reform. we also need entitlement reform. the tax break on housing isn't a budget buster-it probably does a lot more good than it does harm.
the cash for clunkers program wasn't a budget buster either.
we need to stop ignoring the elephant in the corner. he's not going anywhere.

[jms62]

Originally Posted by Antitrust32

well keep some then. I've never bought a house so I dont have experience with that.

but I think there should be a flat tax rate.. and no loopholes. maybe some deductions allowed, I never claimed to know everything!

but it really pisses me off when I have friends with kids get back more than what they paid in. that shouldnt happen.

I'm sure whoever came up with the idea probably owns their houses Free and clear so they could give 2 shi*ts about the rest of the country... That is the problem.

[jms62]

Originally Posted by joeydb

I agree: Flat tax, no deductions. Make 10x as much, pay 10x as much. Make half as much, pay half as much.

Put in a poverty line, and anything above that line gets taxed at one uniform rate. No bracket creep. Simple - anyone who can do elementary math will know what to pay. No complex accounting.

Agree but AICPA lobbying money will shut that down.

[Danzig]

everyone should contribute-even if it's a negligible amount. perhaps more people would care about the goings on in washington if they felt they were actually a part of it-rather than just getting from it. it's supposed to be by,of, from the people, not just some of the people...


as for the house tax-i have a house i don't own in full as yet, but i use the standard deduction, so it has no bearing on me. however, it does have on others, and with the housing market being as anemic as it is, i'd hate for them to do anything that would exacerbate the problem.

[dino]

Originally Posted by joeydb

I agree: Flat tax, no deductions. Make 10x as much, pay 10x as much. Make half as much, pay half as much.

Put in a poverty line, and anything above that line gets taxed at one uniform rate. No bracket creep. Simple - anyone who can do elementary math will know what to pay. No complex accounting.

I have wanted a flat tax for years but we will never have one because we have too many leaches that don't want to pay any taxes and live off the middle class and rich.
If that bum Obama ever voted for a flat tax he would lose 3/4 of the people that voted for him because all of a sudden they would have to contribute something and that sure as hell would never happen.

[jms62]

Originally Posted by dino

I have wanted a flat tax for years but we will never have one because we have too many leaches that don't want to pay any taxes and live off the middle class and rich.
If that bum Obama ever voted for a flat tax he would lose 3/4 of the people that voted for him because all of a sudden they would have to contribute something and that sure as hell would never happen.

Your HATERED for Obama is blinding you to the fact that the "Rich" would be the most negativley impacted as most through deductions pay much less than they would via a flat tax and the "Bums" really won't be impacted all that much becuase they probably can't hire the teams of accounts to find said loopholes now. But feel free to make all the worlds troubles about Obama...

[joeydb]

Originally Posted by dino

I have wanted a flat tax for years but we will never have one because we have too many leaches that don't want to pay any taxes and live off the middle class and rich.
If that bum Obama ever voted for a flat tax he would lose 3/4 of the people that voted for him because all of a sudden they would have to contribute something and that sure as hell would never happen.

What current non-taxpayers "want" is irrelevant. They WILL pay something, if somebody like me gets to truly reform (read as "rewrite") the tax code.

At least with a flat tax rate and no deductions, there's no more class warfare. Everyone pays an equally "fair" share since everyone is paying the same proportional amount of their income. And there would be no barriers to continued growth or success built into the tax code.

[Clip-Clop]

I have no hatred for this President (no more than any before him any way). This gov't is a complete disaster and needs a square one approach. The Onion had an article a few weeks ago about giving the Fed a red ball because that was something it could handle playing with rather than anything complex. Great satire and a sad truth exposed.
The bureaucracy that has gone on for too long has created a system that needs constant feeding, it is similar to what happens to celebrity chefs. They start out great cooking great food, move onto TV, open a new restaurant nearby, get another TV show, open a restaurant in Vegas, another TV show and so on. Now they have this conglomerate of people and business that need to be fed at all times. This is the progression of a good idea when placed in the wrong hands for too long. Eventually it causes a downgrade in the product and service and nobody notices because they are eating at such and such's restaurant so it doesn't matter. Meantime he is nowhere to be found, not watching over, not leading the kitchen. Sure you can see him on the VS channel with his race horses but what about the food, huh?

[Antitrust32]

leave Bobby Flay alone!! haha

[Danzig]

just don't let him call any more races.

[Clip-Clop]

Originally Posted by Antitrust32

leave Bobby Flay alone!! haha

Sorry, venting. Was in Vegas last week and ate at Mesa (at the ceaseless prodding of a Star***ker friend). Back when I lived/worked in NYC I used to go to Bolo all the time and that was such an amazing little place. I was disappointed is all.

It does relate though.

[timmgirvan]

Originally Posted by Danzig

it's all well and good to suggest changes to other programs-but if the govt would just buckle down and make the needed changes to what constitutes the bulk of fed. govt. spending, none of these other small issues would have to be addressed.
we do need tax reform. we also need entitlement reform. the tax break on housing isn't a budget buster-it probably does a lot more good than it does harm.
the cash for clunkers program wasn't a budget buster either.
we need to stop ignoring the elephant in the corner. he's not going anywhere.

that would constitute the govt "looking in the mirror" to find the problem

[Danzig]

Originally Posted by timmgirvan

that would constitute the govt "looking in the mirror" to find the problem

no, what we need are people who are willing to put themselves on the line, and perhaps not get re-elected, in order to fix the problems. what they also need to understand is that for every person saying 'i won't vote for you if you do...' there are others who say 'i won't vote for you if you don't....'



honestly, the more i think about it, the more i think the scenario could pan out. dems say absolutely no changes to ss/medicare. reps say absolutely no to taxes. so, get each to budge just a little on those two things; it would work wonders for us both now and in future. make them both give a bit on what they like most. then, both sides have their base pissed off at them-but also pissed at the other side at the same time! a win/win/win for everyone!!