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Tax hikes - Yay or Nay?

Started by merithyn, October 23, 2013, 11:28:25 AM

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Would you be in favor of a federal tax hike in the US to help cover the debt?

American - Yes, we need to pay those bills
American - No way, no how
American - Only if the graduated cuts remain in place/more cuts are made
American - Other option. Please to esplain.
ROTW - Raise taxes, dumbass
ROTW - Don't do it! It's a trap!
ROTW - What do I care? I live in a Utopian socialist society already.
ROTW - Other option. Please to esplain.

Scipio

Exempt the first $15,000 of wages from payroll tax, and raise the max level to $160,000.

Then, eliminate mortgage interest tax deduction on anything but primary residence, and cap at $500,000 of debt jointly, or $250,000 filing separately (half of current levels), and eliminate it for home equity loans. Primary residence to be defined as the house that establishes your state domicile.

And then it gets much more complicated, and I don't have any further ideas.  So yeah, this shit is hard.
What I speak out of my mouth is the truth.  It burns like fire.
-Jose Canseco

There you go, giving a fuck when it ain't your turn to give a fuck.
-Every cop, The Wire

"It is always good to be known for one's Krapp."
-John Hurt

crazy canuck

Quote from: merithyn on October 23, 2013, 02:36:34 PM
Quote from: crazy canuck on October 23, 2013, 02:25:46 PM
Quote from: merithyn on October 23, 2013, 02:24:35 PM
Quote from: crazy canuck on October 23, 2013, 02:21:41 PM
Universal entitlement programs make no sense.  We abandoned them more than 20 years ago.

There is one caveat to that and that is programs which require universal participation to work.  So for example single payor medical coverage and no fault insurance.

:huh:

Canada has universal healthcare. It has a pension system in place. It has a good infrastructure, and a decent military. Which "entitlement programs" that I mentioned did you cut?

:huh:

Did you even read/understand my post.

Yes. I'm trying to figure out what you meant by the unbolded part.

So why did you use healthcare as an example :hmm:

Anyway, your lack of reading comprehension aside.  Canada has means tested its entitlement programs for years.  If people earn enough money so that they do not require the assistance of an entitlement program those benefits are either not given or are clawed back.

It makes no sense for a middle income earner to subsidize me through any entitlement program.  I would much rather see that money go to where it is needed.


merithyn

Quote from: Scipio on October 23, 2013, 02:41:47 PM
Exempt the first $15,000 of wages from payroll tax, and raise the max level to $160,000.

Then, eliminate mortgage interest tax deduction on anything but primary residence, and cap at $500,000 of debt jointly, or $250,000 filing separately (half of current levels), and eliminate it for home equity loans. Primary residence to be defined as the house that establishes your state domicile.

And then it gets much more complicated, and I don't have any further ideas.  So yeah, this shit is hard.

:lol:
Yesterday, upon the stair,
I met a man who wasn't there
He wasn't there again today
I wish, I wish he'd go away...

merithyn

Quote from: crazy canuck on October 23, 2013, 02:42:10 PM
If people earn enough money so that they do not require the assistance of an entitlement program those benefits are either not given or are clawed back.

It makes no sense for a middle income earner to subsidize me through any entitlement program.  I would much rather see that money go to where it is needed.

I'm still confused. If you don't need any of the entitlement programs, why would you be getting any?
Yesterday, upon the stair,
I met a man who wasn't there
He wasn't there again today
I wish, I wish he'd go away...

crazy canuck

Quote from: merithyn on October 23, 2013, 02:44:31 PM
Quote from: crazy canuck on October 23, 2013, 02:42:10 PM
If people earn enough money so that they do not require the assistance of an entitlement program those benefits are either not given or are clawed back.

It makes no sense for a middle income earner to subsidize me through any entitlement program.  I would much rather see that money go to where it is needed.

I'm still confused. If you don't need any of the entitlement programs, why would you be getting any?

Yes you are confused.  You made an argument for universal programs.  I said they make no sense with one exception.

merithyn

Quote from: crazy canuck on October 23, 2013, 02:47:10 PM
Quote from: merithyn on October 23, 2013, 02:44:31 PM
Quote from: crazy canuck on October 23, 2013, 02:42:10 PM
If people earn enough money so that they do not require the assistance of an entitlement program those benefits are either not given or are clawed back.

It makes no sense for a middle income earner to subsidize me through any entitlement program.  I would much rather see that money go to where it is needed.

I'm still confused. If you don't need any of the entitlement programs, why would you be getting any?

Yes you are confused.  You made an argument for universal programs.  I said they make no sense with one exception.

Hmm... Not what I'm asking.

You said:

Quote from: crazy canuck on October 23, 2013, 02:21:41 PM
Universal entitlement programs make no sense.  We abandoned them more than 20 years ago.

Which entitlement programs are you talking about here?
Yesterday, upon the stair,
I met a man who wasn't there
He wasn't there again today
I wish, I wish he'd go away...

lustindarkness

Quote from: Scipio on October 23, 2013, 02:41:47 PM
Exempt the first $15,000 of wages from payroll tax, and raise the max level to $160,000.

Then, eliminate mortgage interest tax deduction on anything but primary residence, and cap at $500,000 of debt jointly, or $250,000 filing separately (half of current levels), and eliminate it for home equity loans. Primary residence to be defined as the house that establishes your state domicile.

And then it gets much more complicated, and I don't have any further ideas.  So yeah, this shit is hard.

Good start.
Grand Duke of Lurkdom

crazy canuck

Quote from: merithyn on October 23, 2013, 02:54:18 PM
Which entitlement programs are you talking about here?

All of them except the ones that fall within the expection I have now explained twice.

merithyn

Quote from: crazy canuck on October 23, 2013, 03:23:30 PM
All of them except the ones that fall within the expection I have now explained twice.

Which entitlements, specifically, were done away with 20 years ago?
Yesterday, upon the stair,
I met a man who wasn't there
He wasn't there again today
I wish, I wish he'd go away...

derspiess

Quote from: Scipio on October 23, 2013, 02:41:47 PM
Exempt the first $15,000 of wages from payroll tax, and raise the max level to $160,000.

Then, eliminate mortgage interest tax deduction on anything but primary residence, and cap at $500,000 of debt jointly, or $250,000 filing separately (half of current levels), and eliminate it for home equity loans. Primary residence to be defined as the house that establishes your state domicile.

And then it gets much more complicated, and I don't have any further ideas.  So yeah, this shit is hard.

That's a pretty good start, actually.
"If you can play a guitar and harmonica at the same time, like Bob Dylan or Neil Young, you're a genius. But make that extra bit of effort and strap some cymbals to your knees, suddenly people want to get the hell away from you."  --Rich Hall

Barrister

Quote from: Scipio on October 23, 2013, 02:41:47 PM
Exempt the first $15,000 of wages from payroll tax, and raise the max level to $160,000.

Then, eliminate mortgage interest tax deduction on anything but primary residence, and cap at $500,000 of debt jointly, or $250,000 filing separately (half of current levels), and eliminate it for home equity loans. Primary residence to be defined as the house that establishes your state domicile.

And then it gets much more complicated, and I don't have any further ideas.  So yeah, this shit is hard.

How about phasing out the mortgage interest deduction entirely?  I've often read it is horribly distortive because of the huge incentive it gives to home ownership.
Posts here are my own private opinions.  I do not speak for my employer.

Ed Anger

Enslave Mexico. Able bodied to the fields, the rest sold to Europeans as horsemeat.

Rinse and repeat as needed with the rest of the beaners.

Profit!
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crazy canuck

Quote from: merithyn on October 23, 2013, 03:36:02 PM
Quote from: crazy canuck on October 23, 2013, 03:23:30 PM
All of them except the ones that fall within the expection I have now explained twice.

Which entitlements, specifically, were done away with 20 years ago?

Specifically no entitlements were "done away with".  Speficially the entitlement programs that have been means tested is too long for me to bother listing for you since you still seem to fail to get the point anyway.

Maximus


crazy canuck

Quote from: Maximus on October 23, 2013, 03:56:16 PM
:lol:

So you don't know.

You can be a real fuck.  You know what the answer is, unless you were completely daft before you left and still you wallow in her ignorance. Well done.