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Old November 12th, 2011, 09:35 PM   #46
maraba
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Originally Posted by DYOLLP View Post
So if you've already paid your tax on your Roth IRA contributions expecting tax free distributions, you'll now have to pay an additional 9% sales tax on money that's already been taxed.

Cain's plan is a bad idea.
Well said. Roth IRA contributions are already taxed. If it is going to be taxed one more time, what is the point of having roth ira?
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Old November 12th, 2011, 09:40 PM   #47
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If you have a billion dollars and don't have it invested and earning interest, then you deserve to have it taken away. Otherwise 50% tax on the income from that billion.
WOW.

Did he really just say that??
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Old November 12th, 2011, 09:44 PM   #48
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If you have a billion dollars and don't have it invested and earning interest, then you deserve to have it taken away. Otherwise 50% tax on the income from that billion.
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Old November 12th, 2011, 09:58 PM   #49
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If you have a billion dollars and don't have it invested and earning interest, then you deserve to have it taken away. Otherwise 50% tax on the income from that billion.


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Old November 12th, 2011, 10:09 PM   #50
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If you have a billion dollars and don't have it invested and earning interest, then you deserve to have it taken away. Otherwise 50% tax on the income from that billion.
what would be worse your Brilliant plan or Rons? and whos the bigger nut Job?

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If Ron Paul did what he wants to do, he would put millions of people out of work in what looks to be the worst employment time in the nations history. He's a nut job.


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Old November 12th, 2011, 10:31 PM   #51
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Calling an illegal alien an 'undocumented immigrant' is like calling a drug dealer an 'unlicensed pharmacist'
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Old November 12th, 2011, 11:03 PM   #52
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If you have a billion dollars and don't have it invested and earning interest, then you deserve to have it taken away. Otherwise 50% tax on the income from that billion.
One more thing. Taken away and given to who? And for what?
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Old November 13th, 2011, 06:43 PM   #53
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wow
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Old November 13th, 2011, 07:11 PM   #54
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If you have a billion dollars and don't have it invested and earning interest, then you deserve to have it taken away. Otherwise 50% tax on the income from that billion.
Are you serious? Please, add some clarity.
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Old November 13th, 2011, 07:49 PM   #55
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Guys, beepbeep is trolling a Washington Rig (the internet version of the Alabama rig) and he's catching a bunch of you on it...
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Old November 14th, 2011, 06:13 AM   #56
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If you have a job at all, your considered rich.Let's take a look at some more Obummers tax hikes. http://marklevinshow.com/goout.asp?u...ax-hikes-a6433. The workforce of the Internal Revenue Service currently consists of over 93,000 employees to collect and process tax returns and enforce tax laws. While this number is daunting in and of itself, the IRS recently released its new budget which calls for an additional 1,056 new IRS employees citing specifically the new demands placed on the agency due to the new health care law.
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Old November 14th, 2011, 07:00 PM   #57
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the problem is the earners

that earn a decent amount find a way to shelter it from taxes. the only real way to tax everyone is create a flat tax on everyone including businesses pre tax income because most business owners should find someone to lower thier tax liability to lower costs. I think if you checked on what the top gross income was it would be alot different that 118k or whatever the number was.
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Old November 14th, 2011, 07:14 PM   #58
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The average family of 4 in the USA earns $49,777.....less the half of the cited $118K threshold....

http://www.census.gov/compendia/stat...es/12s0690.pdf
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Old November 14th, 2011, 08:53 PM   #59
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Most people don't understand how taxes work... Heck, most tax people don't understand how taxes work. Flat tax would not be as easy as everyone thinks. We would basically end up with a similar tax code with just one rate. Likely, most people would end up paying more tax - the only ones that would really benefit are the truly wealthy - those that make a lot more than 118K.

The IRS would grow if a new flat tax was imposed. If Herman Cain got his way, and we ended up with 999, my guess is the IRS would double. A national Fed sales tax would be a huge burden for companies and the IRS to track.
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Old November 14th, 2011, 09:00 PM   #60
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