Ron Paul on taxation?

[DblBarrelJ]

[ QUOTE ]
[ QUOTE ]
[ QUOTE ]


Meanwhile, the riches 1%, earn 20% of all income in a year, while the bottom 50% earn 12%.

[/ QUOTE ]

momentary hijack

I'm wondering what people think when they hear this statement. What does it mean to you?

[/ QUOTE ]

Good question. And when he says the "riches 1%" (sic), does he mean top 1% of income earners in that year?

"Obviously" 20% is too much. I'm wondering, then, how much is the "correct" amount for the top 1% to earn. And what measures need to be taken to get to the correct distribution.

[/ QUOTE ]

Obviously the top 1% should earn, well, 1% LDO.

He's right. We should just redistribute wealth, go straight to socialism. I'm anxious to see the quality of, say, health care in this country if doctors were paid the same as garbage collectors.

[lehighguy]

I guess you can't save a report, here is the simulator though.

http://www.nathannewman.org/nbs/

[bobman0330]

[ QUOTE ]
I guess you can't save a report, here is the simulator though.

http://www.nathannewman.org/nbs/

[/ QUOTE ]

OK, so you were about to cut spending down to $600 billion? That still requires a replacement for the IT. What is it going to be?

[bobman0330]

OK, last try. There are a zillion RP supporters here. Can no one explain how we can get a solvent government without the income tax?

[Richard Tanner]

[ QUOTE ]
OK, last try. There are a zillion RP supporters here. Can no one explain how we can get a solvent government without the income tax?

[/ QUOTE ]

It's not directed at me, but I'm a little confused reading your question. I would think the simple answer is: reduce spending and the need to taxation goes down and vice versa. If we repeal alot of government programs then we'll need fewer taxes. RP wants to remove a ton of programs so his plan would require greatly redueced taxes.
In lieu of income taxes there are always sales taxes and tariffs.

What exactly is the issue here.

Cody

[TomCollins]

[ QUOTE ]
OK, last try. There are a zillion RP supporters here. Can no one explain how we can get a solvent government without the income tax?

[/ QUOTE ]

There was no income tax until the 20th century (and brief periods in the Civil War). The government had enough money then.

[bobman0330]

[ QUOTE ]
[ QUOTE ]
OK, last try. There are a zillion RP supporters here. Can no one explain how we can get a solvent government without the income tax?

[/ QUOTE ]

It's not directed at me, but I'm a little confused reading your question. I would think the simple answer is: reduce spending and the need to taxation goes down and vice versa. If we repeal alot of government programs then we'll need fewer taxes. RP wants to remove a ton of programs so his plan would require greatly redueced taxes.
In lieu of income taxes there are always sales taxes and tariffs.

What exactly is the issue here.

Cody

[/ QUOTE ]

Right, obviously his plan is to reduce expenditures to less than receipts. I believe that, unless he plans to repudiate the federal debt, expenditures will necessarily be more than is currently raised from non-income taxes. I want to know, more specifically, how RP plans to make up this shortfall. Sales tax? Tariffs? Repudiating the debt? Confiscating the assets of defense companies?

[DblBarrelJ]

[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
OK, last try. There are a zillion RP supporters here. Can no one explain how we can get a solvent government without the income tax?

[/ QUOTE ]

It's not directed at me, but I'm a little confused reading your question. I would think the simple answer is: reduce spending and the need to taxation goes down and vice versa. If we repeal alot of government programs then we'll need fewer taxes. RP wants to remove a ton of programs so his plan would require greatly redueced taxes.
In lieu of income taxes there are always sales taxes and tariffs.

What exactly is the issue here.

Cody

[/ QUOTE ]

Right, obviously his plan is to reduce expenditures to less than receipts. I believe that, unless he plans to repudiate the federal debt, expenditures will necessarily be more than is currently raised from non-income taxes. I want to know, more specifically, how RP plans to make up this shortfall. Sales tax? Tariffs? Repudiating the debt? Confiscating the assets of defense companies?

[/ QUOTE ]

I'd guess attempting to cut the bazillion dollars a year we waste on entitlement programs and SS would be a great start. Then pulling out of Iraq.

Edit: Ignore this statement, It's been a long day.

[Ron Burgundy]

[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
OK, last try. There are a zillion RP supporters here. Can no one explain how we can get a solvent government without the income tax?

[/ QUOTE ]

It's not directed at me, but I'm a little confused reading your question. I would think the simple answer is: reduce spending and the need to taxation goes down and vice versa. If we repeal alot of government programs then we'll need fewer taxes. RP wants to remove a ton of programs so his plan would require greatly redueced taxes.
In lieu of income taxes there are always sales taxes and tariffs.

What exactly is the issue here.

Cody

[/ QUOTE ]

Right, obviously his plan is to reduce expenditures to less than receipts. I believe that, unless he plans to repudiate the federal debt, expenditures will necessarily be more than is currently raised from non-income taxes. I want to know, more specifically, how RP plans to make up this shortfall. Sales tax? Tariffs? Repudiating the debt? Confiscating the assets of defense companies?

[/ QUOTE ]

RP has said several times that he would support a national sales tax if necessary.

[bdk3clash]

[ QUOTE ]
...reduce spending and the need to taxation goes down and vice versa.

[/ QUOTE ]
The dirty hippies at the Cato Institute disagree that lowering federal tax rates reduces government expenditures.