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Tax Debate. - February 25th 2009, 09:19 PM

Should taxes be increased or decreased during this Economy Crisis?


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Re: Tax Debate. - February 26th 2009, 02:08 AM

If we increase them, will people be able to afford to pay them?


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Re: Tax Debate. - February 26th 2009, 04:02 AM

i don't think they can be increased anymore. it's going to hurt people personally.


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Re: Tax Debate. - February 26th 2009, 09:41 AM

Decreased. This needs to be in sync with spending cuts though, otherwise you aren't really giving the private sector more resources at all.
   
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Re: Tax Debate. - February 27th 2009, 04:10 PM

Decreased/increased for whom? If we're talking about the people who make 250k and up then I believe their taxes should increase. Maybe i'm going out on a limb here, but if people are making good money like that, I think they can afford to pay higher taxes. If we're talking about the reform of health care costs and whatnot, then i say yes let's raise the taxes. If we're going to be taken care of in the long run i would happily pay higher taxes.
   
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Re: Tax Debate. - February 27th 2009, 07:50 PM

People making less then 50,000.


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Re: Tax Debate. - February 27th 2009, 08:13 PM

I find the idea of taxing people who make larger amounts of money silly, but in the same respect, I don't think those who make under 50,000 should be overly penalized by taxes. Some kind even compromise would ultimately be the most ideal situation, but that might be a bit of a far reach.

I definitely don't think an increase should happen at all, the end result would be catastrophic.
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Re: Tax Debate. - February 28th 2009, 04:09 AM

I say we institute a fair tax. No income tax, but a federal sales tax, with a higher % than now, say 10-15% (depending on the thing. houses would have a low tax, but food would be higher), and on everything, not just food. You would get enough to feed, clothe and decently shelter a family tax free, or lower taxes. I just think you should tax people based on what they spend rather than what they make.




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Re: Tax Debate. - February 28th 2009, 04:15 AM

Taxation in proportion to personal income seems perfectly fair to me, especially heavy taxation on the top tier of the American income spectrum. People who make more than $500K per year don't need all that money.


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Re: Tax Debate. - February 28th 2009, 04:30 AM

For people earning under 50,000? Of course not. People earning below that amount are struggling enough. They shouldn't get away scot free of taxes, I totally agree on that, but raising taxes on the people who earn good incomes as 25k and up deserve a tax raise. That's damn good money there.
   
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Re: Tax Debate. - February 28th 2009, 11:41 AM

Quote:
Originally Posted by DoesThisLookInfected? View Post
I say we institute a fair tax. No income tax, but a federal sales tax, with a higher % than now, say 10-15% (depending on the thing. houses would have a low tax, but food would be higher), and on everything, not just food. You would get enough to feed, clothe and decently shelter a family tax free, or lower taxes. I just think you should tax people based on what they spend rather than what they make.
So you switch the progressive rates for regressive rates. Problem is that a sales tax will hit the poor far harder than the rich, because the poor generally spend a much larger of their percentage on goods and services, while the rich invest in things far more.
   
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Re: Tax Debate. - February 28th 2009, 12:51 PM

Quote:
Originally Posted by Arbiter View Post
Taxation in proportion to personal income seems perfectly fair to me, especially heavy taxation on the top tier of the American income spectrum. People who make more than $500K per year don't need all that money.
I concur. Tax the rich more in order to help keep VAT (not dissimilar to the sales tax Cameron mentioned) lower which will help the poor more. There should also be a multiple properties tax especially in areas of high population density in order to help the poorer get somewhere to live.

However, keep the taxes on VAT and fuel (by which I mean gas and electricity not petrol) lower so that people are willing and able to spend which would get the economy back on it's feet
   
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