Saturday, October 18, 2008

Tax Talk

The Post has an editorial this morning decrying the rhetoric on taxation in the election, and it is clearly part of their effort to justify their endorsement of Senator Obama.

When Senator McCain talks about people not paying taxes, he is very specific about "income taxes". Everyone knows that even those not subject to Income taxes pay payroll taxes. But let's not forget, payroll taxes are SPECIFICALLY designed to provide income to these self-same non-income tax payers later in their lives.

Where Senator Obama's plan leaves me cold is that it will actually INCREASE the number of people paying ZERO income tax by 10 Million (according to Heritage), and for those already paying NO income tax, it will INCREASE the direct handout they receive.

I might be willing to entertain Obama's tax raise "on the rich" or something like it, if included a provision that extended the income tax to every single worker....that is, no matter how much you make, some part of your income goes to fund the operations of the United States of America. One of two percent maybe. But something.

4 comments:

Mudge said...

Re your last comment, CW, taxing everyone is not something to which i am opposed either, except that we currently don't do that so this would also be an increase in taxing the american citizenry. The amount of fraud, waste and abuse as well as just plain inefficiency of government in running programs is mind-boggling. I would hope that all conservatives, especially those running blogs, would hold a very hard line that before we increase taxes on ANY American citizen, that we first cut every agency and every branch of government's operating funds. One of Senator McCain's best comments in the last debate was when he asked, with an almost astonished tone, "Senator Obama, why on earth would you want to increase ANYONE's taxes at a time like this?" Somehow, that got lost in the post debate analyses.

The Conservative Wahoo said...

Sorry Mudge; before I raise taxes on folks already paying, I want those who pay nothing to pay something. Doesn't mean I want to do it right now, just means that I won't buy ANY tax increase on "the rich" without making EVERYONE a taxpayer.

Smoothfur said...

The Fair Tax

What is taxed?
The FairTax is a single-rate, federal retail sales tax collected only once, at the final point of purchase of new goods and services for personal consumption. Used items are not taxed. Business-to-business purchases for the production of goods and services are not taxed. A rebate makes the effective rate progressive.

What is taxed?
The FairTax is a single-rate, federal retail sales tax collected only once, at the final point of purchase of new goods and services for personal consumption. Used items are not taxed. Business-to-business purchases for the production of goods and services are not taxed. A rebate makes the effective rate progressive.
http://www.fairtax.org/site/PageServer

Mudge said...

CW, as I said, I am not opposed to everyone paying some tax if anyone is. And my point was that before we consider raising one additional dollar of taxes, that we first do as any business worth it's profiteering salt would do and that is eliminate waste. Not one dollar. The federal government is rife with such waste. I mean it: not one additional dollar. Then we can make everyone contribute to the functioning of the United States of America by some redistribution of tax burden as opposed to redistribution of wealth.