1. Welcome to Baptist Board, a friendly forum to discuss the Baptist Faith in a friendly surrounding.

    Your voice is missing! You will need to register to get access to all the features that our community has to offer.

    We hope to see you as a part of our community soon and God Bless!

A fair amount of taxes

Discussion in 'Political Debate & Discussion' started by Salty, Jun 10, 2010.

?
  1. No more than 5 %

    3 vote(s)
    13.6%
  2. No more than 10 %

    5 vote(s)
    22.7%
  3. No more than 15 %

    2 vote(s)
    9.1%
  4. No more than 25 %

    2 vote(s)
    9.1%
  5. No more than 30 %

    1 vote(s)
    4.5%
  6. No more than 45 %

    0 vote(s)
    0.0%
  7. No more than 50 %

    1 vote(s)
    4.5%
  8. The current tax table should remain (more income - more tax %)

    2 vote(s)
    9.1%
  9. All should pay the same tax rate

    6 vote(s)
    27.3%
  10. Other answer

    5 vote(s)
    22.7%
Multiple votes are allowed.
  1. Salty

    Salty 20,000 Posts Club
    Administrator

    Joined:
    Apr 8, 2003
    Messages:
    38,982
    Likes Received:
    2,615
    Faith:
    Baptist
    What is the most that should be taken out on taxes from an individual?
     
  2. ReformedBaptist

    ReformedBaptist Well-Known Member

    Joined:
    Aug 7, 2007
    Messages:
    4,894
    Likes Received:
    28
    None. Federal taxes should be repealed.
     
  3. Salty

    Salty 20,000 Posts Club
    Administrator

    Joined:
    Apr 8, 2003
    Messages:
    38,982
    Likes Received:
    2,615
    Faith:
    Baptist
    You are already off the OP!
    The US has to raise $ somehow, whether it is income tax, VAT, ect,
    So Please if you are agains the income tax, start another thread.
    Thanks, salty
     
  4. billwald

    billwald New Member

    Joined:
    Jun 28, 2000
    Messages:
    11,414
    Likes Received:
    2
    You all understand the concept of marginal tax rate?
     
  5. Ruiz

    Ruiz New Member

    Joined:
    Jun 9, 2010
    Messages:
    2,021
    Likes Received:
    0
    I do not think this can be answered. From an economics point of view, a percentage is not the best way to judge how much you should spend or not spend... etc... There is such thing as elasticity, thus in a booming economy a higher rate of taxes could be withstood with few problems to the economy. In a Bearish economy even a slightly higher interest rate could cause great problems. There are many other issues at stake, but to put a definite percentage is not always wise.

    Thus, I cannot choose an option. I do not believe percentage is a Biblical issue but an economic issue.

    However, I agree with the previous poster's comments that we should get rid of the income tax. Ultimately, our system punishes savings, which is necessary in a down economy to spur economic growth. I would be for a type of consumption tax as this rewards savings and would be most beneficial to helping a down economy but would flourish the most in an up economy.
     
  6. preachinjesus

    preachinjesus Well-Known Member
    Site Supporter

    Joined:
    Feb 9, 2004
    Messages:
    7,406
    Likes Received:
    101
    Less than 10% for Federal Government...and it should be 10% across the board except for individuals making less than the poverty line and they shouldn't have to pay taxes.

    This is one way to reduce the size of the government, cut off its food and the patient will become lean again. Its time to put the Federal government on Jenny Craig!
     
  7. Salty

    Salty 20,000 Posts Club
    Administrator

    Joined:
    Apr 8, 2003
    Messages:
    38,982
    Likes Received:
    2,615
    Faith:
    Baptist
    I think everyone agrees with you PiJ, execpt, of couse, for THEIR PERSONAL PET PEEVE PORK
     
  8. rbell

    rbell Active Member

    Joined:
    Jan 16, 2006
    Messages:
    11,103
    Likes Received:
    0
    I asked Ray Stevens...Here's his response:

    Now I'd just like to say a few words about taxes...

    I pay another man to do my taxes
    On account of that's just one more deduction I can take
    But you know the mailman brought my W-2 this morning
    Yeah and this year they're taking a third of all I make.

    Now I'm just as patriotic as the next man
    And you know I love that Red White and Blue
    So I'm gonna help to pay this rising cost of freedom
    But I'll be danged if I'm gonna change my point of view.

    Cuz every time the bureaucrats run out of money
    Congress socks it to the working man
    And I don't think it's one bit funny
    How they take so much of my money
    And do things with it I don't understand.

    I don't know why they think they've got to squeeze us
    But I'll tell you just exactly where I stand
    I believe if ten percent is good enough for Jesus
    Well it oughta be enough for Uncle Sam.

    Now some of these folks that we've been sending off to Congress
    Think that all they've got to do - just spend and spend
    But you know you can't run a family much less a country
    With more money going out than coming in.

    Yeah and that old debt just keeps on getting bigger
    And we all gonna have to pay so don't you laugh
    Cuz pretty soon we might just look down at our paychecks
    And figure out that they done started taking HALF!

    Cuz every time the bureaucrats run out of money
    Congress socks it to the working man
    And I don't think it's one bit funny
    How they take so much of my money
    And do things with it I don't understand.

    I don't know why they think they've got to squeeze us
    But I'll tell you just exactly where I stand
    I believe if ten percent is good enough for Jesus
    Well it oughta be enough for Uncle Sam.
     
  9. blackbird

    blackbird Active Member

    Joined:
    Feb 21, 2002
    Messages:
    11,898
    Likes Received:
    4
    Ummmmm-Salty----me thinks Reformed misquoted his quote---instead of saying that fed taxes wouldn be repealed---what he really meant to say is fed taxes should be repeated!!!!:laugh: Uncle Sam would love to repeatedly dig in to reformed's pockets for MORE taxes!!!

    Just a joke there Reformed----just a joke!!!:wavey:
     
  10. saturneptune

    saturneptune New Member

    Joined:
    Jan 16, 2006
    Messages:
    13,977
    Likes Received:
    2
    This is just my opinion, but I think federal revenue should be raised by a national sales tax exempting on what would have to be an agreed upon basic living catagory, food, essential utilities and the like. There would be no income tax, or tax on savings or captial gains. My second choice would be a flat tax with again an exemption for basic living. On the 1040, you would put down your income, subtract the exemption, multiply by whatever percent is common for all, and there is your tax. The immediate savings would be to eliminate 90% of the IRS. Of course, it might put some companies out of business that either figure taxes for people or negotiate with the IRS on the behalf of an individual who owes lots of back taxes.
     
    #10 saturneptune, Jun 11, 2010
    Last edited by a moderator: Jun 11, 2010
  11. Thinkingstuff

    Thinkingstuff Active Member

    Joined:
    May 14, 2008
    Messages:
    8,248
    Likes Received:
    9
    Faith:
    Non Baptist Christian
    The government should take 100% in taxes and distribute it for its citizens as it sees fit. :laugh:
     
  12. HankD

    HankD Well-Known Member
    Site Supporter

    Joined:
    May 14, 2001
    Messages:
    26,977
    Likes Received:
    2,536
    Faith:
    Baptist
    0%

    HankD
     
  13. Winman

    Winman Active Member

    Joined:
    Jul 8, 2009
    Messages:
    14,768
    Likes Received:
    2
    I agree with rbell and that song by Ray Stevens, 10%. We can't have zero tax, the government does provide essential services such as defense and our judicial system to protect the citizens.

    What government seems incapable of understanding is that less tax actually generates more tax revenue. The more people have control of their own money, the more they invest producing employment which produces more tax revenue.
     
  14. billwald

    billwald New Member

    Joined:
    Jun 28, 2000
    Messages:
    11,414
    Likes Received:
    2
    In my entire working life of 40 years we managed to pay the bills, tithe my church, and end up with about $100K in deferred comp and a paid off house in a blue collar neighborhood. That's a net available cash savings and investments of $3,000/year average.
    Have any of you over 50 years old managed to do much better or much worse? I think national statistics indicates that most retired people have much less than $50K liquid assets.

    I'm not bragging that I was smarter than the rest, I was a miser to the extent of being "penny wise, pound foolish."

    I'm trying to understand people who spend 40 hours a week or more working for 40 years, haven't done much better than I have, and still think that there is no philosophical problem of social equity between themselves and those who have a $billion in invested assets.
     
  15. FR7 Baptist

    FR7 Baptist Active Member

    Joined:
    May 29, 2009
    Messages:
    2,378
    Likes Received:
    1
    My 67-year old grandfather doesn't want to retire and he has a full time job and owns four rental houses and an IRA and a 401(k) because one day he might not be able to work anymore.
     
  16. blackbird

    blackbird Active Member

    Joined:
    Feb 21, 2002
    Messages:
    11,898
    Likes Received:
    4
    Well---that just settles it then!!!!

    SATURNEPTUNE FOR PRESIDENT!!!!!!
     
  17. billwald

    billwald New Member

    Joined:
    Jun 28, 2000
    Messages:
    11,414
    Likes Received:
    2
    >My 67-year old grandfather doesn't want to retire and he has a full time job and owns four rental houses and an IRA and a 401(k) because one day he might not be able to work anymore.

    Some people die when they are forced to retire.

    Some people think their place of employment needs them. Two months after they are gone it is "Joe who?"
     
  18. ReformedBaptist

    ReformedBaptist Well-Known Member

    Joined:
    Aug 7, 2007
    Messages:
    4,894
    Likes Received:
    28
    You allowed for "other answer." make better polls. :tonofbricks:
     
  19. Salty

    Salty 20,000 Posts Club
    Administrator

    Joined:
    Apr 8, 2003
    Messages:
    38,982
    Likes Received:
    2,615
    Faith:
    Baptist
    I say everyone should pay the same tax rate on all electronic transactions - and do away with all other taxes - period. That tax rate should not exceede 1/2 of 1 %
     
  20. FR7 Baptist

    FR7 Baptist Active Member

    Joined:
    May 29, 2009
    Messages:
    2,378
    Likes Received:
    1
    Then people would pay cash for everything.
     
Loading...