Democratic convention

[ringil]

That is good news.

When can we get back around to how much you feel is appropriate for those who “benefit from the Capitalist system” to “pay back into that system”?

How much more than 37.9% (and going up next year)?

I’m not an economist and questions of tax rates can get pretty complex. Many of the wealthy finagle their taxes in shelters and such to weasel out of paying what they should. The Govt. should certainly seek to end policies to halt this behavior.

 

[buffalo]

360 - 380000 weekly jobless claim have occured for the last 17 months = stagnet economy

23 million unemployed, vast numbers on assistance. A vote for any democrat is a vote to make it worse.

(Please Note: This uploaded content is no longer available.)
The estimated population of the United States is 313,455,877
so each citizen’s share of this debt is $51,092.11.
The National Debt has continued to increase an average of
$3.88 billion per day since September 28, 2007!

---

Is the dem goal to get this to $100,000???

 

[buffalo]

I’m not an economist and questions of tax rates can get pretty complex. Many of the wealthy finagle their taxes in shelters and such to weasel out of paying what they should. The Govt. should certainly seek to end policies to halt this behavior.

Confiscate every dollar the rich (by your definition) have. How much is it?

 

[Havard]

I’m not an economist and questions of tax rates can get pretty complex. Many of the wealthy finagle their taxes in shelters and such to weasel out of paying what they should. The Govt. should certainly seek to end policies to halt this behavior.

That’s what Paul Ryan has been harping on for a long time. Seriously, one of his big agenda items is closing a lot of tax loopholes so that the system is fairer and more transparent.

 

[Corki]

Prayerful warrior Lady… question what you are doing! Are you serious? Show some class and decency. As a prayerful Catholic, your posts are repulsive and are on the border of being a devil’s advocate.

I think you must have misread something in that post or the linked article. This comment does not seem to follow what _Abbysinnia wrote.

 

[ringil]

That’s what Paul Ryan has been harping on for a long time. Seriously, one of his big agenda items is closing a lot of tax loopholes so that the system is fairer and more transparent.

Well good for him. I would imagine his push is tied to other undesirable policies but on this point I can agree.

 

[ringil]

I think you must have misread something in that post or the linked article. This comment does not seem to follow what _Abbysinnia wrote.

Yeah, that came out of nowhere.

 

[He_Man]

Mr. Clinton pretty much shut down the Republican arguments. No doubt about that to anyone who has listened to both sides. It is just a matter of educating people.

Actually, he didn’t. You don’t shut down anything without a counterpoint, which one could do, in much less time. Pick a point he made, and I can give you a counterpoint easily.

You idea of “pretty much shutting down Republican arguments” is like me saying “Epan is always wrong” and then closing the topic.

Without you to rebut my point, do I win in your world?

 

[He_Man]

Prayerful warrior Lady… question what you are doing! Are you serious? Show some class and decency. As a prayerful Catholic, your posts are repulsive and are on the border of being a devil’s advocate.

No one knows what you are talking about. Unless you clarify your issue, your warning falls on deaf ears.

 

[scipio337]

I’m not an economist and questions of tax rates can get pretty complex. Many of the wealthy finagle their taxes in shelters and such to weasel out of paying what they should. The Govt. should certainly seek to end policies to halt this behavior.

You, Harvard and I all agree on the point of closing “loopholes”. I favor a flatter rate with less exemptions.

But surely most of us agree that NO ONE, regardless of income, should pay 40% of their income to just the federal government? When you add state, local, sales, and real estate tax, most people would be forced to “give” over more than 50% of their income.

That seems punitive and confiscatory to me.

 

[Dawnia]

People heard the oratery 4 years ago and were inspired, Obama became president, but words are words. Obama is now recycling the same things he used in 2008 and 2012

Bet Obama will have a poetic speech at the DNC but hours after his speech the August job numbers are released and Gallup is predicting it could increase to 8.7%

Doubt Obama will not mention the $16 trillion or the 15 million that have gone on food stamps in his presidency

It’ll be interesting to see if people actually tune into Obama’s speech or if they are too busy watching the viral video of whatever stupid thing(s) Biden said during his speech.

 

[buffalo]

Ten Ways Catholic Voters Will Be Misled in 2012
By Deal W. Hudson & Matt Smith

1. In spite of the new “Introduction” to “Forming Consciences for Faithful Citizenship,” the bishops’ document will be cherry-picked and repackaged into sound bites to justify voting for a candidate who supports abortion and same-sex marriage.
2. Pro-life Catholics will be labeled as “single issue voters” who don’t care about the larger social teaching of the Church, especially concern for the poor and vulnerable.
3. The budget passed by the House of Representatives, led by Rep. Paul Ryan (R, WI-01), a Catholic, will be relentlessly attacked as not caring about the poor because it proposed cuts and spending freezes to reduce the growing U.S. deficit that is hurting the economy.
4. “Progressive” Catholic groups will produce polling that supposedly shows Catholics disagree with Church teaching on the sanctity of life and marriage, implying those who agree are in the minority and “behind the times.”
5. Catholic politicians and leaders who support abortion and same-sex marriage will not be termed “dissenters” or “liberals” but “progressives” in order to make them sound more attractive to independent voters.
6. Catholic voters will be told the Patient Protection and Affordable Care Act (Obama-care) did not contain federal funding for abortion.
7. Catholic voters will be told the Patient Protection and Affordable Care Act (Obama-care) does not pose a threat to religious liberty, for example, the conscience of a Catholic health care worker.
8. Anyone supporting state collective bargaining reforms with public-sector unions, such as Wisconsin, is ignoring the importance of worker’s rights in Catholic social teaching.
9. Those Catholics who opposed President Bush and Senator McCain over Operation Iraqi Freedom will not make the same argument against Obama who increased the U.S. military in Afghanistan and the use of drone aircraft to perform executions.
10. The issue of immigration will be elevated to a level of importance equal to abortion and marriage with the only acceptable ‘Catholic’ position being support for specific pieces of legislation such as the ‘DREAM Act’ (Development, Relief and Education for Alien Minors).

 

[Havard]

You, Harvard and I all agree on the point of closing “loopholes”. I favor a flatter rate with less exemptions.

But surely most of us agree that NO ONE, regardless of income, should pay 40% of their income to just the federal government? When you add state, local, sales, and real estate tax, most people would be forced to “give” over more than 50% of their income.

That seems punitive and confiscatory to me.

Well I would be willing to pay high tax rates to pay the debt down, because it is morally wrong to bankrupt future generations, but not to go on supporting government “fat”. Of course, we all have varying opinions on what counts as “fat” that needs to be trimmed…

 

[ringil]

But surely most of us agree that NO ONE, regardless of income, should pay 40% of their income to just the federal government? When you add state, local, sales, and real estate tax, most people would be forced to “give” over more than 50% of their income.

That seems punitive and confiscatory to me.

If they are self-employed or an independent contractor and make millions I can sure as heck see them paying more than %50 of their income. I am an independent contractor (therapist) and I pay nearly 40% of what I make to the feds but I surely don’t make millions!

If the US could give me what Scandanavia gives their citizens for a +50% tax rate, I’d be deliriously happy!

 

[buffalo]

You, Harvard and I all agree on the point of closing “loopholes”. I favor a flatter rate with less exemptions.

But surely most of us agree that NO ONE, regardless of income, should pay 40% of their income to just the federal government? When you add state, local, sales, and real estate tax, most people would be forced to “give” over more than 50% of their income.

That seems punitive and confiscatory to me.

It is. Add up all the taxes you pay to every agency.

 

[buffalo]

If they are self-employed or an independent contractor and make millions I can sure as heck see them paying more than %50 of their income. I am an independent contractor (therapist) and I pay nearly 40% of what I make to the feds but I surely don’t make millions!

If the US could give me what Scandanavia gives their citizens for a +50% tax rate, I’d be deliriously happy!

Why punish success?

Why not tax everyone a % of income across the board?

 

[Carlan]

It’s because we’re heartless social darwinists, and racist to boot.

Or could it be that so many more are down and out these days.
If anyone here is so loaded he can give more than 10% or like a measly 3%more, he should not begrudge but get down on his knees and thank God for his wealth.

The so called 48% ,who, after all is said and done give back personally the best they can, like the poor widow in Scripture. Money isn’t their only source of giving. Peace, Carlan

 

[ringil]

Why punish success?

Why not tax everyone a % of income across the board?

Because of the inherent differential nature of income of Capitalism.

The rich can afford more thus they should pay more.

 

[buffalo]

Fact checking Bill Clinton’s speech and other Democrats at the convention in Charlotte

 

[Havard]

Or could it be that so many more are down and out these days.
If anyone here is so loaded he can give more than 10% or like a measly 3%more, he should not begrudge but get down on his knees and thank God for his wealth.

The so called 48% ,who, after all is said and done give back personally the best they can, like the poor widow in Scripture. Money isn’t their only source of giving. Peace, Carlan

Well, let’s not assume the wealthy don’t either. The numbers we’re talking about don’t include private donations or works of charity.