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Buellifer
Posted on Sunday, August 28, 2011 - 01:46 am:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only) Ban Poster IP (Custodian/Admin only)

What needs to be done on Taxing Americans. You are tax on your assets. Homes, Vehicles, land/properties, etc. A few states do this and if I'm not mistaken Arkansas has had a surplus for many years. I believe since Clinton. The same goes for business too. However there should be a tax break for keeping work in America like no tax on the building the products are made/built in just tax the land and huge taxation on exporting jobs. Hell if Arkansas figured it out I think the nation can as well.

(Message edited by buellifer on August 28, 2011)
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Strokizator
Posted on Sunday, August 28, 2011 - 12:00 pm:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only) Ban Poster IP (Custodian/Admin only)

Sounds as if it incentivizes being poor ( no assets = no taxes). I'd prefer a national sales tax. Everybody pays - hookers, drug dealers, illegal aliens, foreign visitors, rich and poor alike. If taxes are good for America, if paying taxes is patriotic, then everyone needs to pay.
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Aesquire
Posted on Sunday, August 28, 2011 - 05:13 pm:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only) Ban Poster IP (Custodian/Admin only)

I have questions on that idea.

I save up my money, buy an old car, put more money I'm already taxed on ( income state & fed ) into the old car, and turn, say, 15k invested into 30k worth of car, if I sell it, and not keep & enjoy. Am I now to be taxed again on that 15k and then on the 15k labor I put into my hobby? Capital gains?

Or, I pay property taxes on the house I live in that the bank owns. Do I then pay taxes on the property my bank owns, again, because it is in my temporary possession?

or.....

Seems like a plan to rob the "wealthy" of assets gained over a lifetime, or more.

Since "rich" includes now a fellow with a business taking home less than minimum wage to live on, one MUST ASK what all the assumptions are.

I'm guessing eliminating any other tax is not in the plan?
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Dennis_c
Posted on Sunday, August 28, 2011 - 05:29 pm:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only) Ban Poster IP (Custodian/Admin only)

Everybody should pay more tax than there fair share EXCEPT ME.
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Just_ziptab
Posted on Sunday, August 28, 2011 - 06:16 pm:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only) Ban Poster IP (Custodian/Admin only)

I hear Iowa is wanting to raise farmland property tax 20%.............simply because the of the current high market value of farm crops. That's just GREED. What happens if corn goes down a buck a bushel......does the property tax go down too?
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Skinstains
Posted on Sunday, August 28, 2011 - 06:31 pm:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only) Ban Poster IP (Custodian/Admin only)

Now I know why I tried to limit my time here... This cuntry is so effed !!!
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Buellifer
Posted on Sunday, August 28, 2011 - 11:35 pm:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only) Ban Poster IP (Custodian/Admin only)

Quote "I have questions on that idea."

FYI... It is not an Idea it is reality some states actually do it, have been for many years. Arkansas in one and they have been in the black for many years.

I don't have the answer, but the states that do it and those that have a surplus have it figured out. Seams to be working for some states. Right an email to an Arkansas rep. ask them how it works. Maybe you will get your answer.

Here's how I see it. If you bust your ass to just barely get by because you can't find a decent job and your stuck in a $hitty one with a boss/owner that pays you squat... And you have nothing to show for your hard work why should you have to pay your fair share of taxes. You need all the money you can get to survive. This coming from a person who has a House, land, two cars, two motorcycles and a few other assets. I would have to pay my share and I think it would be a good system.

My brother lives in Arkansas he told me you pay more for the assets that increase in value but as your car and other assets that decrees you pay less for it. Have you ever seen the POS that are on the roads in Arkansas? Freaking bungy cord holding shit together with duck tape. I've even seen a car with out a hood. At least the last time I was there three years ago I've seen it. I do not know if they have a state inspection yet for vehicles.
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Aesquire
Posted on Monday, August 29, 2011 - 06:44 am:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only) Ban Poster IP (Custodian/Admin only)

And you have nothing to show for your hard work why should you have to pay your fair share of taxes.

Oh, go ahead and start the argument as to what "fair share" is.

Is it possible that too high taxes means you have nothing to show for your work?

If Arkansas has it down on taking their own peoples money, combined with the observation that the state has deathtrap cars....... ( and the same admin in Arkansas that gave us this tax took the schools from 49 to 50th rank in America? ) I'm not feeling the love here. Perhaps the non-optimum solution.
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Fahren
Posted on Monday, August 29, 2011 - 08:26 am:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only) Ban Poster IP (Custodian/Admin only)

Cars with no hoods? I like.

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Sifo
Posted on Monday, August 29, 2011 - 12:36 pm:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only) Ban Poster IP (Custodian/Admin only)

I'm not so sure this info about AR is accurate.


quote:

Tax Info

Real & Personal Property
Arkansas does not have a state-imposed property tax.


http://www.conwayarkcc.org/work.php?id=7
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Sifo
Posted on Monday, August 29, 2011 - 12:38 pm:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only) Ban Poster IP (Custodian/Admin only)

BTW, AR is converting previously paved roads to gravel to save costs. MI has a similar program. Doesn't sound like progress to me.
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Aesquire
Posted on Monday, August 29, 2011 - 10:20 pm:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only) Ban Poster IP (Custodian/Admin only)

Just an observation.

New York has very well paid for roads, and an excellent welfare system. My taxes are very high. I live in the 3rd highest tax county in NY, and can honestly say that the suburban schools are quite good, ( as public schools go. ) The City schools are hopeless with less than half the kids graduating high school. Pick your blame, but I assure you they have well paid teachers, moderate class size, and plenty of money per kid. ( also the Super of schools in Rochester has a larger & better paid cabinet than GW Bush did. )

Now south of me is Pennsylvania.
Much lower taxes, narrow roads, super short on ramps, not nearly as nice welfare system. Schools, I am told, are about the same. Suburban good, city bad, and for the same reasons.

NY is more expensive to live in than PA. ( Not counting NYC. NYC throws all the number off )

So, If I want to work, I'd choose PA.
If I don't want to work, I'd choose NY.

Many people have made this choice.
A substantial portion of NY's welfare rolls are people ( or their kids ) that moved to NY for the welfare state.
I also know people who left NY for PA, in some cases just a few dozen miles, to be able to afford, well, life. They work for a living.

Many companies near the border have hopped over and saved themselves by going PA.

So I've seen there can be a real difference in economies based on taxes.

The short freeway on ramps don't bug me a bit on my Cyclone, though I admit my fully loaded E-150 is marginal.
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