Impeachment planned against Obama

Paniro are you able to do that? Can you make the distinction between income tax and sales tax?

 

No, this is wrong. Tax breaks/cuts have been given for the wealthy people in this country. That is why there's income inequality in the country. They are paying a lower share of income taxe, while people who earn less actually pay more in income tax. Sales tax is a fixed percentage, based on what state you are in.

 

True, everyone does pay some sort of tax. however, the vast majority of revenue for the Federal government comes from personal Income tax. Sales tax, which is a form of a flat or Value Added Tax (VAT) goes to the state and/or local governments. Many States and localities also have an Income tax as well.

A flat or VAT would require a major overhaul of the tax system but it would make filing annual taxes much easier. That said, there are significant problems with a flat tax: everyone pays the same tax percentage. This could hurt the families in the lower income bracket that currently benefit from tax breaks at the lower income levels. True it's the same percentage, but someone making $30,000/yr would likely hurt more in paying the flat tax than someone making $300,000/yr.

I think several European countries have adopted a VAT which seems to work pretty well. Not saying there aren't downsides... [/QUOTE]

 

The federal income tax is not the only type of income tax that exists in America. There are several other types of income taxes which include the capital gains income tax, corporate income tax, social security income tax, medicare income tax, and a form of taxes if you are self-employed and own your own business.

 

They are. There is a "squeeze" within the middle class, Paniro. People have been saying that. If action isn't taken soon, it could push the country to a point where the people in it are either wealthy or poor. That is why tax reform (in Obama's favor) needs to occur before August 2nd.

 

how many americans have died due to Bush's "mistake" versus Obama's "mistake" ?

 

I'm not sure what this means.

 

LOL. when you cant answer the question throw out insults. real smooth there buddy...

 

anyway dude. continue

 

No comment.

 

OOOOOKKKKKKK. continue

 

Oh Shyt another no brain house slave saying stupid stuff. I hope Cong Cry Baby won't listen to his tea brain butt.

 

Paniro, he's right. Forget about the ideologies for a second. If an agreement is not reached, the nation its self will "shut down" because the country's "credit card" would be cut off. This is not about Conservatives and Liberals, this is about the well being of the American people.

 

Well,the conservatives aided and abetted slavery,Jim crow,and Apartheid. None of the White ones supported King or anyone in the Civil Rights movement and mostly they did not let Black men date White women. Today they going for Voter I.D. and other oppressive moves. So I have not seen a Conservative or their subservient Negros advance the rights of Blacks.

 

remember the republican godsend reagan did the same thing but more effective and better so shut the hell up and learn some facts pimpin

 

not true alot of rich people have accountants who know and understand the loopoles and also they buy off politicans to effect the tax laws for the rich and corporations yet again do at least a little research smdh

 

does anyone realize that everyday were a inching closing to becoming a "banana republic where there is a huge divide between the rich and the poor similar to feudal europe with the lords,vasal,kings,serfs,etc.

Banana republic is a pejorative term that refers to a politically unstable country dependent upon limited primary productions (e.g. bananas), and ruled by a small, self-elected, wealthy, corrupt politico-economic plutocracy or oligarchy. Plutocracy is rule by the wealthy, or power provided by wealth.
Oligarchy: system of government of ruled by the few. The combo of the two is called a plutarchy.

 

YES. This is what we should be desperately trying to avoid.

 

he's clearly making a racial statement it has racial overtones,undertones and implications he basically talking about poor/inpoverished minorities

 

not saying that im saying the system is bought and paid for in more that one way