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Politics : Technical Analysis -- Ignore unavailable to you. Want to Upgrade?

To: The1Stockman who wrote (5202)	3/28/2013 11:11:52 PM
From: Repete	2 Recommendations Read Replies (1) \| Respond to of 14245

Taxes in general are extremely complicated. I for one have to use a CPA. I could never get through all the tax forms and schedules required for businesses. Any statement that pits one payer against another is usually done to support a political agenda and nothing more. Our tax system is so layered that the real truth, if seen logically, would scare the hell out of anybody. Take gasoline or oil for instance. The oil lease is taxed, drilling is taxed, wellhead tax, tank storage tax, pipeline tax, refinery tax, distribution tax, wholesaler tax, retail tax, pump tax-local-state-federal. This is true with most everything in our society and it just gets passed along to the consumer. Then they keep wanting more at every turn and then sell this idea that somebody needs to pay their fair share. The government just need to cut spending, get more responsible with existing spending, and allow business to grow and hire. A flat sales tax and do away with the present system would make more sense to me. In the building business, I have seen costs for regulations, permits, impact fees, licenses, and insurance escalate at an astonishing rate for many years now, making home ownership out of reach for many. One statistic from the NAHB: For every 1000.00 increase in the cost of a medium size home, 25,000 jobs are lost nationally simply because it pushes the purchase ability out of the reach of possible homeowners. Taxes are no more than another cost for doing business, which increase cost to the consumer, and less jobs will exist because of it.

To: The1Stockman who wrote (5202)	3/29/2013 7:13:43 AM
From: PulpCutter	Read Replies (1) \| Respond to of 14245

Who pays only federal income tax? When you combine it with the other federal taxes, state and local taxes, the lowest-income Americans pay the highest percentage of their income in taxes. The highest-income Americans pay the lowest % of their income in taxes. Fair? Just the payroll tax is 7.65% on the first 114K of income, 15.3% if one counts the employer's half, which one should. Why is that only on the first 114K of income? If you make less money, your tax rate increases. If the Romney/Ryan tax plan had been passed, eliminating the cap gains tax, Mitt's tax rate would have dropped from 14% to 0.82% (WallSt Journal).