Clinton Proposes 401(k)s, Matching Funds

<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body"> Income 3%, stocks and bonds 3% , no deductions for kids , great tax base.</div></div>

So with Stocks are you taking 6% since it is also income?

Tax everybody and all types of income, total wealth, equally. If you are worth 50 grand and made 20,000 -pay on that. If you are worth a billion and made 10,000 you'd owe for 1,000,010,00.

So a retired person living off SS would pay tax on any land that they own (on top of the Local Property Taxes) I think that would be a problem

I'm good with you having a problem. As it is, there are too many loopholes for the top 5%. The kind of tax I'm talking about would never be brought to a vote. Simply because only the rich get to vote in congress. What about using the internet, let you vote on what to do about Katrina, or the Wise County schools? How to spend the federal tax dollars in equipment for the armed forces? Never happen, somebody would lose a factory in their state. Just forget all the taxes except a total worth and income tax. And you might as well face it, we are gonna pay tax on SS-that is if we don't just get IOUs.

Oh I know we get Taxed on SS But I was thinking about an older person who may own a nice house and alittle land that that ends up getting appraised for much more than it is actual worth are you thinking that we should force that person to sell out in order to Pay tax for owning it every year (lord knows that every time locally any time someone wants to raise property tax rates all heck breaks lose there is no way the avg person would EVER forgive a representative that would vote for something like that)


That being said I agree that there are to many loopholes and something sould be done to (a) close them or (b) simplfy the whole mess......However with 3 kids and a Mortgage I will not be voting for ANYONE that will be taking those breaks away from me UNLESS the total amout I pay goes down.....Now in 15-20 years when I have my house paid for and my kids are grown I will be all for elemanating those breaks as well [img]/LDPforum/ubbthreads/images/%%GRAEMLIN_URL%%/smile.gif[/img]

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Spuds</div><div class="ubbcode-body">Tax everybody and all types of income, total wealth, equally. If you are worth 50 grand and made 20,000 -pay on that. If you are worth a billion and made 10,000 you'd owe for 1,000,010,00. </div></div>

This is proof that you don't understand what you're talking about. And it's obvious you aren't a mathematician. You seem to one who is content to be down, and stay down, cause you won't rise up and take the world by the tail. The government owes you nothing...that's zilch, zero, notta...get used to it. Quit whining, get a life, and step up to the plate. Your family needs you to supply them. Quit blaming the government for your deficiencies. Jeez, the liberal whine never ends.

[img]/LDPforum/ubbthreads/images/%%GRAEMLIN_URL%%/grin.gif[/img]

The truth is Hillary will not answer a question about SS. Not one. If she wants to lead this country shouldn't she at least tell us what her plans are?? She has been given every opportunity to share her ideas but has refused to do so. Ever wonder why?? What is she trying to hide from us?? She has been asked straight to the point questions and dances around them. Like hubby like wife I guess.

Well one thing's for sure...we aren't gonna fix it dumping 96 billion per year into a trumped up war.

Bush's tax breaks- income in thousands, first column ,tax break in the second- most of us got what? 500-820 bucks
0-10 5
10-20 63
20-30 204
30-40 351
40-50 500
50-75 820
75-100 1,776
100-200 2,710
200-500 5,527
500-1,000 17,605
1,000+ 88,873


Economy: His slogan was, "Whoever pays taxes gets a tax break". The rich pay the most taxes, and the current system weighs the income tax against the upper income brackets. Bush also supported raising the Earned Income Tax Credit, which would primarily benefit the lower brackets of income-tax-affected citizens.
His 2003 tax proposal offers a sweeping package of tax cuts and incentives that would eliminate all federal taxes on stock dividends, quick tax relief for married couples and a $400 per child increase in the tax credit for families with children. Economists are divided on the effectiveness of Bush's proposals for helping the economy. John Leonard, the chief of North American equities for UBS Global Asset Management, said eliminating the dividends tax would spur the economy by sending more money into the economy; on the other hand, other economists, including Allen Sinai of Decision Economics and Andrew F. Brimmer, a former Federal Reserve Board member who heads a consulting firm, argued that the dividends tax cut would be largely ineffective [1] . The administration's proposal would also lower taxes for small business owners by expanding the amount of equipment purchases they can write off as deductions from the current $25,000 to $75,000. Opponents argue that this tax proposal would primarily benefit the rich. According to a New York Times analysis published on January 21, 2003, $364 billion out of the $674 billion "economic stimulus" plan is devoted towards eliminating the tax on dividends; however, the poorest fifth of Americans have an average of $25 in dividend income, while the richest fifth have $1,188. The Urban Institute-Brookings Institution Tax Policy Center produced the following table describing the impact of Bush's plan on average taxpayers: