tradeunionsupporter
24th March 2011, 12:20
Democrats and Republicans are the same here is why number 1 while the Democrats claim they support a Progressive Tax System this is a lie because the Rich/Wealthy have always had and still do have Tax Loopholes and put their money in Swiss Banks or on some Island they the Rich/Wealthy Capitalist class has big and powerful lobbies which control and run the government and control the politicians the Democrats are never going to close all the Loopholes if any also the Democrats are just as much a Rich man's party as the Republicans are does anyone here agree with this as long as we have Capitalists in power Capitalism the Rich/Wealthy will have Tax Loopholes even if the Democrats did close every Tax Loophole the Rich/Wealthy could just lobby the government again to get their Tax Loopholes back again the Democrats/Republicans won't close the Corporate Tax Loopholes or any of the Tax Loopholes my question is even if we had a consumption tax only and got rid of the income tax could the Rich still find ways to not pay taxes if the consumption tax was progressive could the Rich just not buy the items ?
Karl Marx and Frederick Engels
Manifesto
of the Communist Party
1848
II -- PROLETARIANS AND COMMUNISTS
1. Abolition of property in land and application of all rents of land to public purposes.
2. A heavy progressive or graduated income tax.
3. Abolition of all rights of inheritance.
4. Confiscation of the property of all emigrants and rebels.
5. Centralization of credit in the banks of the state, by means of a national bank with state capital and an exclusive monopoly.
6. Centralization of the means of communication and transport in the hands of the state.
7. Extension of factories and instruments of production owned by the state; the bringing into cultivation of waste lands, and the improvement of the soil generally in accordance with a common plan.
8. Equal obligation of all to work. Establishment of industrial armies, especially for agriculture.
9. Combination of agriculture with manufacturing industries; gradual abolition of all the distinction between town and country by a more equable distribution of the populace over the country.
10. Free education for all children in public schools. Abolition of children's factory labor in its present form. Combination of education with industrial production, etc.
http://www.anu.edu.au/polsci/marx/classics/manifesto.html
Revenue Act of 1935
From Wikipedia, the free encyclopedia
The Revenue Act of 1935, 49 Stat. (http://en.wikipedia.org/wiki/United_States_Statutes_at_Large) 1014 (Aug. 30, 1935), raised United States (http://en.wikipedia.org/wiki/United_States) taxes on higher income levels, corporations, and gifts and estates.
It was signed into law by President (http://en.wikipedia.org/wiki/President_of_the_United_States) Franklin D. Roosevelt (http://en.wikipedia.org/wiki/Franklin_D._Roosevelt) as part of the Second New Deal (http://en.wikipedia.org/wiki/Second_New_Deal).
The 1935 Act was popularly known at the time as the "Soak the Rich" tax.[1] (http://en.wikipedia.org/wiki/Revenue_Act_of_1935#cite_note-0) It raised tax rates on incomes above $50,000. The Act did little to increase federal tax revenue, and it did not significantly redistribute income. Nonetheless, the bill was very popular and many believed it was a radical departure from tradition.[citation needed (http://en.wikipedia.org/wiki/Wikipedia:Citation_needed)] Business leaders and the wealthy were upset about this and other of Roosevelt's policies and called him a traitor against his own class.[citation needed (http://en.wikipedia.org/wiki/Wikipedia:Citation_needed)]
http://en.wikipedia.org/wiki/Revenue_Act_of_1935
Omnibus Budget Reconciliation Act of 1993
From Wikipedia, the free encyclopedia
The Omnibus Budget Reconciliation Act of 1993 (or OBRA-93[1] (http://en.wikipedia.org/wiki/Omnibus_Budget_Reconciliation_Act_of_1993#cite_not e-0)) was federal law that was enacted by the 103rd United States Congress (http://en.wikipedia.org/wiki/103rd_United_States_Congress) and signed into law by President Bill Clinton (http://en.wikipedia.org/wiki/Bill_Clinton). It has also been referred to, unofficially, as the Deficit Reduction Act of 1993. Part XIII, which dealt with taxes, is also called the Revenue Reconciliation Act of 1993.
Specifics
It created 36 percent and 39.6 income tax rates for individuals in the top 1.2% of the wage earners.
It created a 35 percent income tax rate for corporations.
The cap on Medicare (http://en.wikipedia.org/wiki/Medicare_(United_States)) taxes was repealed.
Transportation fuels taxes were raised by 4.3 cents per gallon.
The taxable portion of Social Security (http://en.wikipedia.org/wiki/Social_Security_(United_States)) benefits was raised.
The phase-out of the personal exemption and limit on itemized deductions were permanently extended.
Part IV Section 14131: Expansion of the Earned Income Tax Credit and added inflation adjustments
http://en.wikipedia.org/wiki/Omnibus_Budget_Reconciliation_Act_of_1993
Karl Marx and Frederick Engels
Manifesto
of the Communist Party
1848
II -- PROLETARIANS AND COMMUNISTS
1. Abolition of property in land and application of all rents of land to public purposes.
2. A heavy progressive or graduated income tax.
3. Abolition of all rights of inheritance.
4. Confiscation of the property of all emigrants and rebels.
5. Centralization of credit in the banks of the state, by means of a national bank with state capital and an exclusive monopoly.
6. Centralization of the means of communication and transport in the hands of the state.
7. Extension of factories and instruments of production owned by the state; the bringing into cultivation of waste lands, and the improvement of the soil generally in accordance with a common plan.
8. Equal obligation of all to work. Establishment of industrial armies, especially for agriculture.
9. Combination of agriculture with manufacturing industries; gradual abolition of all the distinction between town and country by a more equable distribution of the populace over the country.
10. Free education for all children in public schools. Abolition of children's factory labor in its present form. Combination of education with industrial production, etc.
http://www.anu.edu.au/polsci/marx/classics/manifesto.html
Revenue Act of 1935
From Wikipedia, the free encyclopedia
The Revenue Act of 1935, 49 Stat. (http://en.wikipedia.org/wiki/United_States_Statutes_at_Large) 1014 (Aug. 30, 1935), raised United States (http://en.wikipedia.org/wiki/United_States) taxes on higher income levels, corporations, and gifts and estates.
It was signed into law by President (http://en.wikipedia.org/wiki/President_of_the_United_States) Franklin D. Roosevelt (http://en.wikipedia.org/wiki/Franklin_D._Roosevelt) as part of the Second New Deal (http://en.wikipedia.org/wiki/Second_New_Deal).
The 1935 Act was popularly known at the time as the "Soak the Rich" tax.[1] (http://en.wikipedia.org/wiki/Revenue_Act_of_1935#cite_note-0) It raised tax rates on incomes above $50,000. The Act did little to increase federal tax revenue, and it did not significantly redistribute income. Nonetheless, the bill was very popular and many believed it was a radical departure from tradition.[citation needed (http://en.wikipedia.org/wiki/Wikipedia:Citation_needed)] Business leaders and the wealthy were upset about this and other of Roosevelt's policies and called him a traitor against his own class.[citation needed (http://en.wikipedia.org/wiki/Wikipedia:Citation_needed)]
http://en.wikipedia.org/wiki/Revenue_Act_of_1935
Omnibus Budget Reconciliation Act of 1993
From Wikipedia, the free encyclopedia
The Omnibus Budget Reconciliation Act of 1993 (or OBRA-93[1] (http://en.wikipedia.org/wiki/Omnibus_Budget_Reconciliation_Act_of_1993#cite_not e-0)) was federal law that was enacted by the 103rd United States Congress (http://en.wikipedia.org/wiki/103rd_United_States_Congress) and signed into law by President Bill Clinton (http://en.wikipedia.org/wiki/Bill_Clinton). It has also been referred to, unofficially, as the Deficit Reduction Act of 1993. Part XIII, which dealt with taxes, is also called the Revenue Reconciliation Act of 1993.
Specifics
It created 36 percent and 39.6 income tax rates for individuals in the top 1.2% of the wage earners.
It created a 35 percent income tax rate for corporations.
The cap on Medicare (http://en.wikipedia.org/wiki/Medicare_(United_States)) taxes was repealed.
Transportation fuels taxes were raised by 4.3 cents per gallon.
The taxable portion of Social Security (http://en.wikipedia.org/wiki/Social_Security_(United_States)) benefits was raised.
The phase-out of the personal exemption and limit on itemized deductions were permanently extended.
Part IV Section 14131: Expansion of the Earned Income Tax Credit and added inflation adjustments
http://en.wikipedia.org/wiki/Omnibus_Budget_Reconciliation_Act_of_1993