Off Topic: BBC News - Barrack Obama: All US troops to leave Iraq in 2011

[Beef]

(10-23-2011 05:21 PM)Paulitik Wrote:  Efficient? He can't even explain the simplest of his policy beliefs. Can't explain whether he's pro-choice or pro-life, can't understand how a 9% sales tax bilks the poor when they have to pay that on top of state taxes, has zero understanding of foreign policy. I am begging the republicans to nominate him. He'll get crushed.

Just stop already with your ignorant BS. You are making a total ass of yourself.

Everybody who gets a paycheck pays no less than 15% income tax on top of their state sales tax already right now at this moment. And depending on your income level, you can easily pay even more than that. This plan removes the 15%-35% income tax brackets and makes it a flat 9% for everybody. So everyone at minimum is walking around with no less than 6% more money in their pockets than before. Now when they go to buy something, they will pay 9% national sales tax plus whatever their state sales tax is which nets a +3% difference for anyone who was in that 15% tax bracket only. So if this was all you took into consideration, sure, it looks like poor people are now paying 3% more than before.

But here's the kicker, the companies that everyone works for are also walking around with 6% more money than before too, but on a much larger scale. On top of that, every company will of course remove the 3-8% embedded tax that is inherent in every product sold in this country (Yes, companies actually do mark up every product they sell by 3-8% to help compensate for some of the taxes they pay and are forced to match, like SS and medicare). So even though poor people seem to have a +3% net difference, they will actually be paying 3-8% less for every damn thing they buy.

In the end, the WORSE that can possibly happen is people in the current 15% tax bracket will break totally even. And thats not even taking into consideration that they don't have to pay capital gains taxes on investments any longer. Add to that the companies they work for have a lot more money to spread around and will likely hire more people and/or pay them more as a result.

Now like I said, STFU and go educate yourself before you try to bash something you clearly know nothing about.