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(The News & Observer (NC))   Lets revamp the tax code costing the state $1.5B while raising taxes on lower income people. Oh and lets not talk about it lets just do it. (apostrophes left out due to new tax on use of apostrophes)   (newsobserver.com) divider line 17
    More: Asinine, property taxes, personal incomes, tax reform, costs, sales taxes, corporate income tax  
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3141 clicks; posted to Politics » on 05 Jun 2013 at 10:10 AM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2013-06-05 10:19:44 AM  
3 votes:
The legislation would set the personal income tax rate at a flat 5.9 percent, shunning the current tiered system assessing 6 percent to 7.75 percent based on income. The corporate tax rate would also decline over the course of five years to 5.4 percent, from the current 6.9 percent rate.

Read more here: http://www.newsobserver.com/2013/06/04/2938348/in-quick-house-panel-a p proves.html#storylink=cpy
Taxing the working poor at a higher rate than businesses. What the fark is wrong with this country?
2013-06-05 09:07:26 AM  
3 votes:
Marcus Aurelius: After all, they're poor, not stupid.


Based upon recent voting patterns, your statement may not be accurate. Far too many people have been duped into voting against their own best interests.
2013-06-05 10:57:57 AM  
2 votes:

Smeggy Smurf: The Fair Tax would have been a better solution.  You only pay tax if you want to.  The basic necessities of life are covered.  The tax falls on any expenditure for lifestyle.  The rich buy more, they'll pay more.  It's so simple no Rapeublican or Emocrat can understand it.


You do realize those proponents of a "Fair Tax" are lying to you from the get go right? The number they keep stating is a 23 percent sales tax, but in reality it is a 30 percent sales tax. How can they say 23 percent and not 30 percent? Simple, the tax is added at retail time so if you buy something for a 1.00 you get charged an extra 30 cents. Now I know you would say, not I get charged an extra 23 cents, but that 23 percent is that 30 cents of 130 cents is 23 percent of the total.

That's right those proponents of a "Fair Tax"can't even be honest when talking about how much it will really cost. The question is what else are they lying to you about? Well a "Fair Tax"would be a tax increase, because we have a graduated tax system in the US. You would pay 30% consumption tax on everything you buy, which means all goods and services would increase by 30%, but your income would not increase proportionally, because you are not taxed at 30% on all portions of your income. With deductions and tax breaks most people get taxed no where near 30%.  A "Fair Tax" is a tax increase and a tax increase on the poor and middle class, because those are the people least likely to be able to save money.
2013-06-05 10:21:41 AM  
2 votes:
Wow, they sure hate poor people in North Carolina.
2013-06-05 10:18:44 AM  
2 votes:
Oh, North Carolina, I thought you were cool getting cooler.  I guess the Republicans are trying to do as much as they can before the Research Triangle turns the state blue.
2013-06-05 11:23:47 AM  
1 votes:
This is today's GOP is reduced to. When confronted with fiscal realities, their vision for the country simply doesn't work. No matter how hard you pull on your bootstraps. So they have to sneak a huge tax bill under the radar so it doesn't end up in the news cycle and pundit-land. While I sort of admire such weaselry in politics(it's a game played by weasels, mostly), I think it's important to note the underlying cause of this. The entire GOP is living a lie about how much we need to spend to keep this place running.

And if they are serious about implementing a real flat tax(which they aren't), this ain't the way to go about it.
2013-06-05 11:02:37 AM  
1 votes:

ManRay: vpb: Yes, I'm sure that will provide enough revenue for the government to run.

The current system is doing so well, it would be stupid to change eh?


My car made a funny noise yesterday. I was thinking of pushing it into a river. It has problems, so anything I do to change that must be good, right?
2013-06-05 10:52:44 AM  
1 votes:
Well duh. Poor folks don't line your political coffers, rich donors and corporations do. So who do you think is going to get their taxes cut?
2013-06-05 10:36:47 AM  
1 votes:

Marcus Aurelius: Eventually the poor people are going to realize that the GOP is hosing them down big time.  After all, they're poor, not stupid.


No, no they won't realize it, because yes, yes they are stupid. Those who are poor and are not stupid eventually end up middle class and Democrat. We have a bias against thinking people are just too farking stupid to be function members of society, but the reality is 50% of the US population are just too farking stupid.
2013-06-05 10:36:20 AM  
1 votes:

vpb: clambam: Wow, they sure hate poor people in North Carolina.

Right wingers all seem to hate the poor.  I mean really hate them, like they want them dead.


Not sure if they want them dead.  But they believe, apparently geuninely, that the poor have been stealing from them and living high on the hog for the past 30 years.
2013-06-05 10:36:07 AM  
1 votes:
Those poors on welfare and SNAP have it so easy!  Driving around in Cadillacs, eating steak and lobster, and having a gazillion kids all on the taxpayers' dime.  I'm moving to Canada!
2013-06-05 10:35:04 AM  
1 votes:

Mrbogey: By fiscal year 2017-2018, revenue will be cut by $462 million, further limiting what lawmakers can spend on government services such as education, transportation and health care.

Read more here: http://www.newsobserver.com/2013/06/04/2938348/in-quick-house-panel-a p proves.html#storylink=cpy
Because that's the only thing that gov't spends money on.

In a split vote, the Finance Committee removed a cap on tax deductions for mortgage interest, charitable contributions and property taxes. The change reduces state revenues by an additional $500 million.

Read more here: http://www.newsobserver.com/2013/06/04/2938348/in-quick-house-panel-a p proves.html#storylink=cpy
It's messed up that only the rich pay property taxes, give to charity, or hold a mortgage.


You're unclear on how caps on deductions work, huh?
2013-06-05 10:34:17 AM  
1 votes:
What is the big deal with taxing the poor? We tax things we want less of (like cigarettes). We want less poor people so taxing them just makes sense.
2013-06-05 10:21:24 AM  
1 votes:
It's not just that, they're also trying to make judge elections partisan and repeal a law that makes it legal to appeal your death sentence if it was administered on the basis of your race.

They also gerrymandered the state to near the theoretical maximum.  These people are doing nothing but trying to destroy democracy, and institute totalitarian rule.

//My taxes will go down from the this, but the NC general assembly should all die in a fire.
Bf+
2013-06-05 10:13:41 AM  
1 votes:
Why did I just assume this was in Wisconsin?
2013-06-05 09:26:35 AM  
1 votes:
One Democratic amendment would have removed a provision that raises the sales taxes on electricity bills.

Laughter OL.

Take that, poor people!
God, these people are like comic book villains.
2013-06-05 08:54:29 AM  
1 votes:
Eventually the poor people are going to realize that the GOP is hosing them down big time.  After all, they're poor, not stupid.
 
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