I generally think that this was a mistake, although I do understand why we didn't, at least initially. However, in the absence of a draft, taxes help the American public decide just how far it wants to go into someone else's country to advance a nebulous and poorly-defined foreign policy.
I must take exception with this paragraph, however:
Are you talking about the banks that had no profits here? Please describe and explain exactly which "loopholes" are keeping banks and corporations from paying taxes they should pay, because although I don't have a problem with having a corporate tax, a lot of the hue and cry I've heard about this often boils down to stupid people (and I'm not accusing you of being one of those) who don't understand how taxes work. The upshot of it is that I ask people exactly what they're talking about here.
I must take exception with this paragraph, however:
Also, let's not forget there are lot of tax loopholes that need to be dealt with. These loopholes allow banks and corporations to pay no taxes whatsoever. But unfortunately, those guys have a lot of friends in the Capitol Hill which fight for them to prevent closing those loopholes. And unfortunately, needy and poor don't have that many friends to fight for them.
Are you talking about the banks that had no profits here? Please describe and explain exactly which "loopholes" are keeping banks and corporations from paying taxes they should pay, because although I don't have a problem with having a corporate tax, a lot of the hue and cry I've heard about this often boils down to stupid people (and I'm not accusing you of being one of those) who don't understand how taxes work. The upshot of it is that I ask people exactly what they're talking about here.
Political correctness is the pettiest form of casuistry.
ἡ δὲ κἀκ τριῶν τρυπημάτων ἐργαζομένη ἐνεκάλει τῇ φύσει, δυσφορουμένη, ὅτι δὴ μὴ καὶ τοὺς τιτθοὺς αὐτῇ εὐρύτερον ἢ νῦν εἰσι τρυπώη, ὅπως καὶ ἄλλην ἐνταῦθα μίξιν ἐπιτεχνᾶσθαι δυνατὴ εἴη. – Procopius
Ummaka qinnassa nīk!
*MySmiley*
ἡ δὲ κἀκ τριῶν τρυπημάτων ἐργαζομένη ἐνεκάλει τῇ φύσει, δυσφορουμένη, ὅτι δὴ μὴ καὶ τοὺς τιτθοὺς αὐτῇ εὐρύτερον ἢ νῦν εἰσι τρυπώη, ὅπως καὶ ἄλλην ἐνταῦθα μίξιν ἐπιτεχνᾶσθαι δυνατὴ εἴη. – Procopius
Ummaka qinnassa nīk!
*MySmiley*
This message last edited by Tom on 14/04/2011 at 06:06:07 PM
How can anyone seriously support Obama's budget proposals?
14/04/2011 02:49:30 PM
- 1087 Views
I agree with your overall point but I do question one of your facts
14/04/2011 03:25:25 PM
- 576 Views
Using IRS data for 2008: (most recent year for which data is available)
14/04/2011 03:45:20 PM
- 594 Views
You didn't interpret the spreadsheet correctly. I'm positive of that.
14/04/2011 06:08:39 PM
- 459 Views
I'm gonna have to jump on board the wagon with that being a bad figure, got some others
14/04/2011 07:33:14 PM
- 626 Views
Data: http://www.irs.gov/pub/irs-soi/08in31mt.xls *NM*
14/04/2011 08:32:42 PM
- 237 Views
That's a breakdown of who modifies their returns and how it affects revenue.
14/04/2011 09:15:21 PM
- 451 Views
I believe you are questioning one of my definitions, not one of my facts.
14/04/2011 04:36:35 PM
- 509 Views
No matter how you define it I think it would be hard to call the top 5% middle class
14/04/2011 05:03:33 PM
- 521 Views
What a load of crap!
14/04/2011 03:49:29 PM
- 671 Views
Yes, your response is a load of crap.
14/04/2011 04:55:20 PM
- 571 Views
Re: Yes, your response is a load of crap.
14/04/2011 05:13:14 PM
- 653 Views
This is our first war without a tax increase.
14/04/2011 06:05:43 PM
- 574 Views
Er, check facts
14/04/2011 05:04:02 PM
- 700 Views
Yeah, lets fact check
14/04/2011 05:43:34 PM
- 552 Views
You understand you're actually supposed to cite data for a fact check right?
14/04/2011 06:38:22 PM
- 715 Views
I'm not sure thats entirely right
14/04/2011 05:51:18 PM
- 731 Views
What about the farm subsidies and the military?
15/04/2011 04:54:54 PM
- 542 Views
Cutting the military isn't enough
16/04/2011 04:27:11 AM
- 482 Views
Defense is 60% of the discretionary budget as well, so it's more like 26% overall. Just sayin'. *NM*
16/04/2011 04:53:30 AM
- 242 Views