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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: geode00 who wrote (218343)	2/13/2007 11:27:23 PM
From: jttmab	Read Replies (1) \| Respond to of 281500

Changing tax structures, for example getting rid of the AMT The AMT was a major screw up. It should have been indexed. It's creeping down now, but the large effects are yet to come. It's easily fixed as a tax code change. The biggest problem with the AMT is that it's currently included in the Federal budget projections as expected revenue. Most everyone agrees that taxes aren't "fair". The problem is that what people mean is that they're paying too much and you're not paying your fair share. The only truly "fair" tax system...$3T Federal budget, 300M people. Fed tax bill = $3T/300M = $10K per person [not household]. If you have 5 people in your household your tax bill is $50K. I suspect that's not going to be the new and improved fair tax bill. The Tax Freedom web site asks people if Donald Trump pays his fair share. An overwhelming "NO". They don't have any idea what The Donald pays, but they know it's not enough. jttmab

To: geode00 who wrote (218343)	2/13/2007 11:47:01 PM
From: jttmab	Read Replies (2) \| Respond to of 281500

An interesting chart.... Ignore the projected... The historical total tax burden has averaged 18 percent of GDP since 1962. You had it ramp up high briefly while Clinton was raking in capital gains and down low briefly with the big deficit spending during Bush II. Then there's all the peas under the nut shell games. Lower federal, increase SS, drop the excise tax on phones, add a tax on airline tickets. ... they stuff money in one pocket and take it out of the other pocket[s]. If they can't think of enough clever ways to do it in the Federal system, they cut paybacks to the States and let the States make it up by raising taxes there. jttmab