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2024-08-20 Home Front: Politix

Kamala Harris claims her $1.7 trillion fiscal proposal will pay for itself, wants to raise corporate taxe rate to 28%

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Posted by Fred 2024-08-20 00:00|| || Front Page|| [11148 views ] Top

#1 Is Kamala Drunk?

Posted by Grom the Reflective 2024-08-20 01:33|| 2024-08-20 01:33|| Front Page Top

#2
How about a simple FLAT TAX and burn over 74,600 pages of the Federal tax code. A tax code full of loopholes for the rich.

The Federal Gov. needs to learn to live with a 12 to 15% of tax of US Annual revenues. A balanced budget in peace time based on actual revenues.

EXAMPLE
Fiscal Year 2024 US Revenues $28.78T (nominal; 2024)
A Flat Tax of 15% = $3.7T

But we have a FY 2024 US Budget of $5.6 Trillion with an eliminated $1.9T in deficit and wasteful spending.

Posted by NN2N1 2024-08-20 05:39|| 2024-08-20 05:39|| Front Page Top

#3 a business doesn't 'pay' tax it collects tax. the only tax should be on individual income. no vat or sales. if you live here support your country.

Posted by irish rage boy 2024-08-20 10:45|| 2024-08-20 10:45|| Front Page Top

#4 Nothing ever pays for itself.

Posted by Deacon Blues 2024-08-20 11:19|| 2024-08-20 11:19|| Front Page Top

#5 ^ My divorce

Posted by Frank G 2024-08-20 11:47|| 2024-08-20 11:47|| Front Page Top

#6 NN2N1, the problem with a flat tax is that the percentage will always go up . It may start at 12-15%, but it won't be enough. Plus, a lot of the federal budget is mandated - interest on the debt, social security, medicare, etc. Those are sacred cows, and can never be unfunded. The discretionary budget is a fairly small percentage of the total.

Posted by Rambler in Virginia 2024-08-20 12:51|| 2024-08-20 12:51|| Front Page Top

#7 Those are sacred cows, and can never be unfunded.

It will when it all collapses. Given a choice between 0% and 50%, you'll take 50%.

Posted by Procopius2k 2024-08-20 14:43|| 2024-08-20 14:43|| Front Page Top

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