Tulsaman Wrote:

GrayBeard Wrote:

Tulsaman Wrote:i will be making 15 dollars an hour for my first job in january because of Oklahoma State Okmulgees training system CAP program.

Good! That is a good start, and from what you posted the other day, it sounds like there is some possibility with your chosen profession. If minimum were to go up to 10.00 you would be hurting at 15.00 an hour.

yes. i see the errors of inflation i would cause. thank you for straighting me out.
What did you think of the rest of my statement that you started this thread with.

Like I said, I agreed with almost all of it except the minimum wage and I am concerned over the "income tax" bit. What do you proposed instead? I am a proponent of the progressive tax system.

yeah a progressive tax system would work i think if we could get the people working. I don't sound like a normal Democrat do I. :D

I for one am firmly OPPOSED to the progressive tax system. It punishes success. I believe we need a national retail sales tax. You aren't entitled to "niceties" in life.....you have to work for them.

RebelKev Wrote:I believe we need a national retail sales tax.

i could work with this. Maybe at 5 or 6%. Oklahoma has a state Retail tax at 8% almost 9% on everything.

Tulsaman Wrote:

GrayBeard Wrote:

Tulsaman Wrote:yeah a progressive tax system would work i think if we could get the people working. I don't sound like a normal Democrat do I. :D

No, you really have me perplexed. I think you are well on your way to Conservativism and the Republican Party.

i rather be dead then red. :D :D

The NRST would be at about 22%, with a refund given to everyone every month up to the poverty level, about 177 a month per person. Bear in mind, there is about a 22% imbedded tax in everything you purchase. Starting to get the pic? An NRST would mean the only people paying taxes would be the consumer, no companies, businesses, etc. You'd basically pay the same thing for goods that you pay now.

<a href='http://www.fairtax.org' target='_blank'>http://www.fairtax.org</a>

RebelKev Wrote:

Tulsaman Wrote:

GrayBeard Wrote:

Tulsaman Wrote:yeah a progressive tax system would work i think if we could get the people working. I don't sound like a normal Democrat do I. :D

No, you really have me perplexed. I think you are well on your way to Conservativism and the Republican Party.

i rather be dead then red. :D :D

The NRST would be at about 22%, with a refund given to everyone every month up to the poverty level, about 177 a month per person. Bear in mind, there is about a 22% imbedded tax in everything you purchase. Starting to get the pic? An NRST would mean the only people paying taxes would be the consumer, no companies, businesses, etc. You'd basically pay the same thing for goods that you pay now.

<a href='http://www.fairtax.org' target='_blank'>http://www.fairtax.org</a>

yes it could work. but do we lower prices to compensate for the tax increase?

Tulsaman Wrote:yes it could work. but do we lower prices to compensate for the tax increase?

'We' don't do anything to prices. The market dictates (in most cases).

I believe RebelKev's point is that because the tax burden is removed from business, prices drop on their own. Things would cost less, but you'd pay the same amount as you do now because of the 22% tax.

Lethemeul Wrote:

Tulsaman Wrote:yes it could work. but do we lower prices to compensate for the tax increase?

'We' don't do anything to prices. The market dictates (in most cases).

Hey, this is the minimum wage thread....take your tax crap to another thread!

Don't make me split this thread up!

Lethemeul Wrote:

Tulsaman Wrote:yes it could work. but do we lower prices to compensate for the tax increase?

'We' don't do anything to prices. The market dictates (in most cases).

I believe RebelKev's point is that because the tax burden is removed from business, prices drop on their own. Things would cost less, but you'd pay the same amount as you do now because of the 22% tax.

oh.ok.

GrayBeard Wrote:

Lethemeul Wrote:

Tulsaman Wrote:yes it could work. but do we lower prices to compensate for the tax increase?

'We' don't do anything to prices. The market dictates (in most cases).

Hey, this is the minimum wage thread....take your tax crap to another thread!

Don't make me split this thread up!

I told you I would do it!

Consider it split!

GrayBeard Wrote:

GrayBeard Wrote:

Lethemeul Wrote:

Tulsaman Wrote:yes it could work. but do we lower prices to compensate for the tax increase?

'We' don't do anything to prices. The market dictates (in most cases).

Hey, this is the minimum wage thread....take your tax crap to another thread!

Don't make me split this thread up!

I told you I would do it!

Consider it split!

:roflol: :roflol:

RebelKev Wrote:I for one am firmly OPPOSED to the progressive tax system. It punishes success. I believe we need a national retail sales tax. You aren't entitled to "niceties" in life.....you have to work for them.

:stupid:

georgia_tech_swagger Wrote:

RebelKev Wrote:I for one am firmly OPPOSED to the progressive tax system. It punishes success. I believe we need a national retail sales tax. You aren't entitled to "niceties" in life.....you have to work for them.

:stupid:

In theory, the progressive tax system is supposed to Level the total tax that each individual pays as a percent of total income; however, it is not perfect, so there are some large desparities.

Anyone got any estimated revenue figures for that tax? Let me throw out some complications.

What, precisely, do we tax? Is the sale of real estate taxable? Do we keep a capital gains tax? If no, do you lose your tax deduction for capital gains losses? Does it apply to the sale of used goods? If not, you will kill the economy because you'll give a 22% incentive for everyone to avoid buying new products. If you put the tax on used goods, do you require private individuals to collect and remit the tax? Again, if not, you create a huge incentive for people to avoid retail purchases. Do you tax the sale of food at the same rate? Do we do away with depreciation for businesses? Do you tax services? When some things are a mixture of services and products, how do you decide what to tax?

Just one or two questions off the top of my head.

RebelKev Wrote:I for one am firmly OPPOSED to the progressive tax system. It punishes success. I believe we need a national retail sales tax. You aren't entitled to "niceties" in life.....you have to work for them.

Here's what I have a problem with...between my wife and I, we bring in a pretty decent chunk of change. We each make more than the median household income, not too shabby for people of our ages and work experience.

We pay more taxes (total and percentage) than the people that come around after I leave my desk each day and empty my trash can. Good.

My wife and I lead a very nice life (for people with a whopping total of 4 years work experience) and the extra money we pay in taxes has less of an impact on our lives than the extra money they would have to pay to make up for a drop in my taxes.

I pay more because I can...and unlike some people, I think this is fair. I'm not even going to start down the road of the socio-economic impact of taking money away from families already struggling to put food on the table.

Everyone gets a refund every month for up to the poverty level. Ie. you pay no taxes up to like 25K per family. The more successful people are the ones that will be buying the nicer things, homes, etc., so they will still pay more taxes.