View Single Post
  #35  
Old 08-30-2008, 01:40 AM
fabsroman's Avatar
fabsroman fabsroman is offline
Moderator
 
Join Date: Nov 2001
Location: Maryland
Posts: 7,823
Classic,

I don't think the current tiered tax rates are fair either. I just have a serious problem with taxing those that make more money at a higher rate. Yeah, you can say they can afford it better than the poor, but how is that fair? If you want fairness, everybody should pay the exact same percentage of income in taxes, regardless of whether they are rich or poor. We are always carving out little exceptions for the poor. For some, it is no taxes. For others it is welfare, food stamps, and section 8 housing. As far as I am concerned, enough with all of it. Those who work hard will benefit, and those that don't will not. No more free handouts, and that includes medicare, medicaid, and social security.

With the exception of the Civil War, you just have to wonder how there was no income tax in the US until 1913, and ever since it has been getting worse and worse. The poor had to take care of themselves back then, and everybody had to provide for their own health care and retirement.

What irks the hell out of me is that I am paying 15.3% in FICA/Medicare as a self employed individual, but others are only paying half of it because their employer picks the other half up. I guess that is the cost of being self employed. It wouldn't be so bad if social security wasn't scheduled to go broke right before I retire, and the only way to fix that problem is to RAISE taxes some more. I think I have said this before on here, but after taking into account what my wife makes, everything I make is taxed at close to 50%, and at 56% if we were to spend it (i.e., 6% sales tax). I told my wife tonight that if taxes are raised any further, I am going to quit working and just take care of our kids.

I just wonder where all this money is going to.
__________________
The pond, waterfowl, and yellow labs...it don't get any better.
Reply With Quote