Dump Trump

From: Harry (HARRYN) 2 Feb 2016 20:52
To: Drew (X3N0PH0N) 109 of 207
Here is a link to the Rand Paul tax plan.

https://randpaul.com/rand-pauls-fair-and-flat-tax-op-ed

For me, this is how it breaks down:

For my business, which is a small C Corp:
- the tax rate is 40%. 
- Compare this to what google, HP, and GE pay by playing tax games and moving production offshore - essentially 0%.
- The plan would have both my small company, and GE paying 14% - seems reasonable to me.
- 40% is such a high number, that it just isn't viable.

Personal Income
- Most workers pay 6.5% into social security (payroll tax) and the employer also pays in 6.5%.
- Since I am considered self-employed, I pay both sides (13%)
- On top of this, I pay income tax to the Federal government, plus others.  For better or worse, this number has not been all that much lately, but hopefully will rise by making more money
- If your income is $10 million in payroll / similar, the payroll tax only affects the first $100 - 200K, and people end up spending enormous effort to keep their income "appearing low" with deductions, foundations, trusts, etc.
- The Paul plan would make this "total" 14% for everyone.  Again, this is a reasonable number.

Romney got in trouble with his election over the tax issue.  He was complaining that lower income people paid very little income tax, but he would not acknowledge how much they pay in payroll tax. (he paid zero since he didn't take his income as payroll and it was defined as capital gains).

If instead of selling "hardware / software" products like I do currently, I worked for a hedge fund or stock broker, my income would be considered capital gains, so the tax rate is much lower, just because I work on wall street and sell the "right" product.  Seems unfair to tax one kind of income differently than another.  Like the saying, a dollar is a dollar.

Partnerships, LLCs, and similar structures
- More of less, these are just artificial tax constructions focused on one or two industries and complicates the tax code.
- In my simple mind, all we need are C corps and personal income categories, the rest of the versions can be eliminated.
- The accounting in a C corp is much more straight forward and "honest" than some of these strange LLC and partnership arrangements.  That is one reason I like them.

Personally, I think the ideal tax system is a retail sales tax (not VAT - which is perhaps the worst possible system), but that is really unlikely to happen.  The reason I like it, is that it removes the unfair competitive advantage that imports have over local production.
EDITED: 2 Feb 2016 21:04 by HARRYN
From: fixrman 3 Feb 2016 03:06
To: ANT_THOMAS 110 of 207
That's pretty much it.
From: fixrman 3 Feb 2016 03:09
To: Harry (HARRYN) 111 of 207
Quote: 
Fixrman, if you have a candidate that you feel is worth expanding on their credentials and a reason to vote for them, feel free.
No, thanks. There's already too much shite and stink flying around in the air. I'll let others froth at the mouth awhile; when it all settles down to four, we'll see where it all stands.
From: milko21 Feb 2016 20:09
To: ALL112 of 207
So it "suddenly" seems quite likely that Trump could get the Republican nomination. Wow! It'd be like us electing Boris for something serious. Eesh, I wish I knew where I'd like to emigrate to.
From: graphitone21 Feb 2016 20:17
To: milko 113 of 207
Greenland?
From: fixrman27 Feb 2016 16:31
To: milko 114 of 207
OK, Alec.
From: DeannaG (CYBATRON) 1 Mar 2016 15:52
To: koswix 115 of 207
You are so very twisted. LOL
From: DeannaG (CYBATRON) 1 Mar 2016 16:00
To: Harry (HARRYN) 116 of 207
No more Clintons!

We already had one cost the tax payers $40 million over a lie and a blowjob.

What is she going to cost us?

I'd vote for a crossed eyed chimp before I'd even think about voting for her.

If we're going to have a woman in the white house, my vote is for Roseanne Barr. I'd love to see her take on those stuffed shirts.

Just this woman's opinion. :)
From: DeannaG (CYBATRON) 1 Mar 2016 16:06
To: Peter (BOUGHTONP) 117 of 207
I'd lean more toward him being a douche bag.

You've just been incredibly mean to the world's idiots by including him in their number. :)
From: CHYRON (DSMITHHFX) 1 Mar 2016 16:27
To: DeannaG (CYBATRON) 118 of 207
40 million? Gosh. Big number!

http://www.usdebtclock.org/
From: ANT_THOMAS 1 Mar 2016 16:34
To: CHYRON (DSMITHHFX) 119 of 207
Mesmerising.
From: Harry (HARRYN) 1 Mar 2016 17:47
To: DeannaG (CYBATRON) 120 of 207
quote: cybatron
No more Clintons!

We already had one cost the tax payers $40 million over a lie and a blowjob.

What is she going to cost us?

I'd vote for a crossed eyed chimp before I'd even think about voting for her.

If we're going to have a woman in the white house, my vote is for Roseanne Barr. I'd love to see her take on those stuffed shirts.

Just this woman's opinion. :)

I agree.  I follow the ABC rule - Anyone but Clinton.

From: DeannaG (CYBATRON) 2 Mar 2016 22:31
To: CHYRON (DSMITHHFX) 121 of 207
Disgusting. Isn't it? I think he should have to pay that money back!

I pay my bills and taxes. The government should have to pay theirs too. Why should the citizens and taxpayers be the only ones counting pennies to survive? >:(
EDITED: 2 Mar 2016 22:32 by CYBATRON
From: DeannaG (CYBATRON) 2 Mar 2016 22:36
To: Harry (HARRYN) 122 of 207
Anyone but Clinton or Trump. They're both whacked in the head to one degree or another.

Even if I was prone to such a vile habit, I wouldn't spit on either one of them. They're just not worthy of that much of me. So they're definitely not getting my vote!
From: koswix 2 Mar 2016 22:49
To: DeannaG (CYBATRON) 123 of 207
So do you think that extra-marital oral sex and lies are traits inherited through marriage?
From: milko 3 Mar 2016 11:28
To: koswix 124 of 207
I think Hillary has plenty of bad points that aren't anything to do with Bill's famous scandals.
From: fixrman 3 Mar 2016 11:38
To: milko 125 of 207
Interesting. How does Hillary scan over there?
From: ANT_THOMAS 3 Mar 2016 12:11
To: fixrman 126 of 207
I'd personally prefer Bernie over Hillary but I'd prefer Hilary generally over any Republican.

But I totally understand the issues with her, this email stuff is starting to stink and she's clearly cosy with the corporations.
From: koswix 3 Mar 2016 13:39
To: milko 127 of 207
I think so too, which is why I thought it was strange to cite Bill's blow job as a reason not to vote for Hillary when there's clearly an abundance of other, far more relevant reasons.
From: CHYRON (DSMITHHFX) 3 Mar 2016 15:08
To: ANT_THOMAS 128 of 207
Hillary's the best of a bad bunch (of those who have a snowball's chance in hell).