US Tax Policies

With the elections coming up and my other thread on who should be president, I noticed a lot on tax. What needs to be changed with our tax policies, and whose ideas do you think are best?

Federal taxes are unnecessary. The only thing the Federal Government should be allowed to tax is imports. I'd say 5% is reasonable, and would make us all the money we need, which shouldn't be a lot anyway. Aside from the whole debt thing.

Taxes on the upper class and corporations need to be raised a massive amount. taxes on the lower class, middle class, and small business need to be lowered.

Taxes need to be raised (I'm not sure how much) on the rich. Loopholes need to be fixed for both the upper and lower classes.

I am kinda a supporter of Cain's 9-9-9 policy but I dont think it should be exactly 9-9-9.

In the record year of 2003 the customs and boarder protection took in 24.7 billion in revenue, primarily in duties and importation fees. The value of imports into the U.S. for Fiscal Year 2003 totaled $1.2 trillion. So if you want to cut the current defficit of 1.3 trillion with 5% of 1.2 trillion that just wont cut it. Even if you cut a lot of your expenditures there would have to be drastic cuts everywhere, lives would change dramaticly. Not a good idea at all.

So you support cutting taxes on the wealthy while making lower income brackets pay 9% extra in sales taxes?

100% tax on all wealth, not by the state, but by popular uprising. Class war baby.

I know it won't help the debt problem at all. I was talking about if the debt didn't exist. I have no idea how to pay off the debt.

[spoiler:27wkewve]We can't.[/spoiler:27wkewve]

Loopholes need to be fixed first. First of all, 50% of Americans not paying their taxes is ridiculous, matter what the "99%" say. The tax gradient needs to be raised for the rich. Not to some excessive amount (I'm still a capitalist) but they can certainly take the burden.

They still pay taxes, just not Federal Income Taxes. If the lower income brackets were forced to pay Fed Income Tax on top of Sales Tax, general living expenses and bills/rent they'd be broke.

How would you support social services? You fix the debt by raising taxes on the rich and corporations and cut unnecessary things.

Face it we can not get out of debt.

Can you pay off the debt?

Or will the bank shut you down.

The state shouldn't provide social services. And that is not a good way to fix the debt.

So, what should we do? Tax the upper brackets to death? I'm not saying that there are brackets that shouldn't be taxed or have a lower bracket, but all of those people together certainly don't add up to 50% of the American populous.

The state shouldn't provide social services. And that is not a good way to fix the debt.[/quote:2m4fv1lz]
Why should the state not provide social services? Why is that not a good way to fix debt?

Wow..... Might be a little bit of a gay area in between form where the rich are now to "death". Just sayin.

Lower brackets make up more than 50% actually. (Lower class-Lower Middle class) Go ahead though, take away what little disposable income they have. See what happens to sales and consequently the economy.

Why should the state not provide social services? Why is that not a good way to fix debt?[/quote:24ssqodg]Social services are a tax burden and gives too much power to the government and not enough to the people. And your idea simply wouldn't raise enough money, and would discourage business competition and if you taxed all business then starting a small business would become too hard, giving larger corporations a monopoly in the market, increasing prices and decreasing wages, as well as jobs.