Taxes in America: how much longer do we tolerate taxes like these?
Temlakos~POTL~PWCM~JLA~☆
2012/07/04 18:38:36
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19 votes
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72 votes
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16 votes
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"Nothing is certain but death and taxes." But today we celebrate a time when Americans said they were done tolerating taxes like these:
So what about it? Why do we tolerate a progressive income tax? But our Supreme Court just said that Congress can tax anything! So what do we do about it?
The Molasses Act
of 1733, imposed taxes on imports of molasses, which were used
primarily for the production of rum. This tax was not passed to raise
revenue but to regulate trade. It was repealed in 1764.
The Stamp Act of 1765 taxed every single piece of paper the Colonists used. It was repealed in 1766.
The Townshend Act of 1767 was a series of five Acts of indirect taxes placed on paper, paint, lead, glass and tea that were imported into the colonies. The implementation of this tax led to the occupation of Boston in 1768 and the subsequent Boston Massacre of 1770.The Tea Act of 1773, contrary to popular belief, did not impose taxes but undercut the business of local merchants. (It did this by giving favored tax
treatment to the British East India Company.) The Tea Act is commonly
associated with the Boston Tea Party.
So what about it? Why do we tolerate a progressive income tax? But our Supreme Court just said that Congress can tax anything! So what do we do about it?
Read More: http://www.conservativenewsandviews.com/2012/07/04...
Top Opinion
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mal 2012/07/04 19:10:40Fight! This is the sort of thing we fought against! If we don't fight now, wh...
http://www.teapartypatriots.o...
Don't forget Clay's Tarriff of Abominations 1828 and 1833. Northern manufacturers who wanted to be protected from foreign competition with high tariffs
High tariffs meant Southerners would have to pay more for manufactured goods whether they came from Europe or the Northern states. Southerners were burdened with a lion's share of the cost of government, while most of the expenditures financed by tariff revenue took place in the North !
I take as a given that we all agree that taxes must ultimately come reasonably close to meeting expenditures. We can argue about what "reasonably close" means later. That leaves us with the idea that, ultimately, taxes must meet expenditures. That, in turn, leads to two areas of discussion, how to control expenditures and how to allot taxation.
Which of those two areas is this thread attempting to discuss?
My understanding is that US Tax revenue overwhelmingly derives from personal income and payroll taxes, w/ a dollop from corporate income taxes and an even smaller dollop deriving from excise taxes. Why don't me have a "net worth tax"? The closest thing we have to a net worth tax is an Estate Tax, and though I supported McGovern in 1972 on the basis of his belief in increasing that tax (you probably could have put me and the rest of the pro-McGovern, pro-War voters nationwide on the same schoolbus, but I digress), my support has basically been lukewarm, because IMHO the major effect of Estate Taxes as currently contemplated is to enrich lawyers and accountants. What would be so awful if every piece of real and personal property subject to US jurisdiction was assessed a yearly Tax of 0.1%, subject to a yearly personal exemption of $1 million? Note that all corporate property and trust property is included as is all charitably owned property (though, I suppose, individuals could be authorized to donate portions of their personal exemption to qualifying charities). Just an idea for discussion, I'm far from sure I favor it, I'm just curious because I never see any such idea discussed.;.
We would have to totally restructure the government back to the way the Constitution allows, in order to have any chance of paying off our debt. Even then, we would struggle just to pay the interest on the...
We would have to totally restructure the government back to the way the Constitution allows, in order to have any chance of paying off our debt. Even then, we would struggle just to pay the interest on the debt plus a little principle reduction.
With America split nearly 50/50 liberal/conservative we haven't a chance of real reform. Too many voters living off the government for handouts. I am sixty-nine and will work for the rest of my life. However, I am lucky, I can do so and not have to commute back and forth to work.
Most Americans don't have that luxury. We have been on the wrong road too damn long to go back. I wish I were wrong. Ahead lies insanity tha cannot be avoided. If conservatives capture the Congress and the White House in November, the Liberals will get it back in four to eight years and the spending cycle will start all over again.
We can do nothing about our future unless we can get rid of the widespread voter fraud that permeates out electorial process.
Sorry my friend, I will fight the battle with you and probably die with my boots on for doing so. All we can do is try.
America's tax burden is MUCH lower than other advanced countries (see http://www.taxpolicycenter.or... )
"Everyone is entitled to his own opinion, but not to his own facts." - Daniel Moynihan
Capisce?
"The first duty of a man is the seeking after and the investigation of truth." - Cicero (106 BC - 43 BC)
Wow! I just cannot get over the willful ignorance and cognitive dissonance that I encounter on this website.
Part of the reason they build cars here now. Audis Design Bureau has been in Southern Ca. for years!
Funny Japan has about the same amount of personal income tax and they just lowered their corporate rate making us one of the highest in the world. Every Japanese citizen has full medical coverage and they out live us by 5 years. They also must export more than they import to do this. Now I ask you....what's wrong with this picture?
I would NOT mind my taxes going higher IF we would do the following:
1) Reduce ALL govt spending in EVERY department by 10% of 2008 Levels. Including social security, medicare, medicaid and welfare!
2) Reduce ALL govt payroll by 20% with the one exception, our Military men and woman. They are the ONLY ones worthy of a pay check in the 1st place!