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What is BATNA and What Does It Have to Do With The Fiscal Cliff
#21
OK, since taxes dont make any difference as our resident genius Byblos has explained, Let's cancel ALL OF THEM!

Shake. My. Head.
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#22
Valorius;41059 Wrote:OK, since taxes dont make any difference as our resident genius Byblos has explained, Let's cancel ALL OF THEM!

Shake. My. Head.

That's not what I said. Shrug
"As I lay rubber down the street I pray for traction I can keep, but if I spin and begin to slide, please dear God, protect my sweet ride."
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#23
Valorius;41059 Wrote:OK, since taxes dont make any difference as our resident genius Byblos has explained, Let's cancel ALL OF THEM!

Shake. My. Head.

I'd second that! Big Grin
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#24
Valorious I believe you're forgetting that wealth is not taxed. Income is.

Right now, income from capital gains and dividends is taxed at 15% partly because this is money on which income taxes have already been paid (it had to be earned before it could be invested) and partly to stimulate the desire to invest in those with capital to do so.

Our GDP is currently right around $16 Trillion, of that a bit more than 25% is from government spending. So really the private sector GDP is something around $12 Trillion. So consider please that the government could confiscate the value of the entire GDP and still not be able to payoff the national debt!

What is needed is for our government to be overtaken by a Constitutional conscience. There are 18 areas of responsibility listed in the Constitution for the federal government. Start reducing the government to take care of only those, all other responsibilities belong to the states and the people.
Brick, proud to be a member of pa2a.org since Sep 2012.
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#25
Valorius;40326 Wrote:Neither one of them has a choice this time.

I'll bet you that nothing really gets cut and we just raise the debt ceiling and maybe tax the rich a little more.

No deductions + flat tax rate = fair.
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