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[Nadaka]

most sales taxes are regressive due to the spending habits of the wealthy, I would love a sales tax that includes financial instruments like stocks and bonds.

[Leafsnail]

We have VAT (Value Added Tax) and yeah it's always included in the cost of any item.  The only problem was that this resulted in a lot of shops having to rush to change prices when VAT was changed.

Because why else would so many people be unemployed if it were not because the job creators are taxed too much?

It's... always seemed like a bit of a nonsequiter proposition to me.  Surely you'd want to employ someone if they make more money than they cost for your business, and how much tax you personally pay doesn't come into it at all.

[Nadaka]

We have VAT (Value Added Tax) and yeah it's always included in the cost of any item.  The only problem was that this resulted in a lot of shops having to rush to change prices when VAT was changed.

Because why else would so many people be unemployed if it were not because the job creators are taxed too much?

It's... always seemed like a bit of a nonsequiter proposition to me.  Surely you'd want to employ someone if they make more money than they cost for your business, and how much tax you personally pay doesn't come into it at all.

That is because it is nothing but propaganda.

[Aqizzar]

Because why else would so many people be unemployed if it were not because the job creators are taxed too much?

It's... always seemed like a bit of a nonsequiter proposition to me.  Surely you'd want to employ someone if they make more money than they cost for your business, and how much tax you personally pay doesn't come into it at all.

It's one of the weirdest factors of this modern tax debate to me.  It's like all of a sudden in the last three years, everyone's idea of business regressed back to the 15th century.  Businesses are now founded out of pocket, and the wealth and cash flow of the CEO is the only and factor of a business that reflects its success.  Of course we need to keep taxes low on income above $250k - you'd think the manager signing himself a $300million dollar bonus as the company is going down in flames would bother doing that job if he only got to keep $200million of it?  Go ahead and raise taxes, you'll just hurt an already ailing business, because now he has to inflate his bonus to make up the difference.  Aren't you proud of what you've down now?

And don't even think about asking about the bonus.  The economy owes what little stability it has to his genius; he was smart enough to get there, ergo he deserves whatever he wants to pay himself.  The industry has to be able to attract and protect that level of talent at the top.

[Phmcw]

Here is our income tax : (the number on the left is brute income per year).
de 0 à 7 900 euros     25 %
de 7 900 à 11 240 euros    30 %
de 11 240 à 18 730 euros    40 %
de 18 730 à 34 330 euros    45 %
plus de 34 330 euros     50 %

So either A) we are ubermench and you are to kneel before us because our work is  inherently superior to yours (by far)
B) the GOP is full of bloody liar and income tax doesn't impact economic grow so much.
Oh yes, our minimum wage is about 1400€ per month, too.

[Nadaka]

Because why else would so many people be unemployed if it were not because the job creators are taxed too much?

It's... always seemed like a bit of a nonsequiter proposition to me.  Surely you'd want to employ someone if they make more money than they cost for your business, and how much tax you personally pay doesn't come into it at all.

It's one of the weirdest factors of this modern tax debate to me.  It's like all of a sudden in the last three years, everyone's idea of business regressed back to the 15th century.  Businesses are now founded out of pocket, and the wealth and cash flow of the CEO is the only and factor of a business that reflects its success.  Of course we need to keep taxes low on income above $250k - you'd think the manager signing himself a $300million dollar bonus as the company is going down in flames would bother doing that job if he only got to keep $200million of it?  Go ahead and raise taxes, you'll just hurt an already ailing business, because now he has to inflate his bonus to make up the difference.  Aren't you proud of what you've down now?

And don't even think about asking about the bonus.  The economy owes what little stability it has to his genius; he was smart enough to get there, ergo he deserves whatever he wants to pay himself.  The industry has to be able to attract and protect that level of talent at the top.

Like I keep saying, they WANT the 15th century back, they are neo-feudalists.

[Aqizzar]

President Obama just finished his little announcement of the deal.

-The borrowing ceiling is raised enough to keep the government funded until 2013.
-The agreement will cut about $1trillion over the next ten years, with some vague restructuring of Medicare.
-The Congressional Supercommittee (bipartisan, natch) must return a tax proposal that he would sign by this November, to be held with a straight (i.e. no filibuster, maybe no amendments) vote in both chambers, and pass something by December.
-Bad things will happen otherwise.

It will not be voted on tonight, since Harry Reid told the Senate that the vote would be "a few hours", most of Congress from east of the Mississippi took that as "feel free to go home for the night".  Get ready for a very quiet, very tense 27 hours.

The official Republican leadership memos to the Republican caucus are a lot of fun.  They have titles like "A Two-Step plan to hold President Obama accountable", and "A vote to avoid the job-killing default".  I swear, every time they sound a little more like a madlib generator, or those word-magnets you make sentences with.

[Phmcw]

President Obama just finished his little announcement of the deal.

-The borrowing ceiling is raised enough to keep the government funded until 2013.
-The agreement will cut about $1trillion over the next ten years, with some vague restructuring of Medicare.
-The Congressional Supercommittee (bipartisan, natch) must return a tax proposal that he would sign by this November, to be held with a straight (i.e. no filibuster, maybe no amendments) vote in both chambers, and pass something by December.
-Bad things will happen otherwise.

It will not be voted on tonight, since Harry Reid told the Senate that the vote would be "a few hours", most of Congress from east of the Mississippi took that as "feel free to go home for the night".  Get ready for a very quiet, very tense 27 hours.

The official Republican leadership memos to the Republican caucus are a lot of fun.  They have titles like "A Two-Step plan to hold President Obama accountable", and "A vote to avoid the job-killing default".  I swear, every time they sound a little more like a madlib generator, or those word-magnets you make sentences with.

Ok that's not too bad, it seems. Maybe you're less screwed than I thought. Maybe...

[Agdune]

So either A) we are ubermench and you are to kneel before us because our work is  inherently superior to yours (by far)
B) the GOP is full of bloody liar and income tax doesn't impact economic grow so much.
Oh yes, our minimum wage is about 1400€ per month, too.

That point got raised in a discussion I was having a while back, but the EU are broke/suffering economic troubles/full of werewolves, so therefore nothing they do is in any way worth replicating. Apparently their troubles were in fact caused by their tax rates!

[Nadaka]

The democrats did 99% of the compromising, both of their ethics and in giving in. I don't know if it is just me, but watching Nancy Pelosi's last press conference it looked and sounded like she was under a lot of emotional distress and barely holding back tears. I know I would be if I had made that kind of sacrifice.

[Heron TSG]

I hope that vote doesn't get missed because someone was NAPPING.

[nenjin]

-The Congressional Supercommittee (bipartisan, natch) must return a tax proposal that he would sign by this November, to be held with a straight (i.e. no filibuster, maybe no amendments) vote in both chambers, and pass something by December.

This is one Republican proposal I'm glad made it. The Dem proposal was a bi-partisan commission which only made recommendations that didn't require a vote. Basically the dem committee proposal was another worthless committee to investigate alternatives, which Congress would promptly ignore. The Republican proposal will actually force senators to cast votes and take a stand. Which probably won't improve any of the proposal's chances of getting passed. But at least it's more than a token effort at reform and will leave a congressional record.

[Phmcw]

Hmmm of the french speaking news source I just read was right, that commission is also charged to find 2 more trillion dollars of budget cut. Therefore you're taking 3 trillion dollars of budget cut over ten years. Which us about one year of your budget....
Ok I take what I said, you're screwed.

[Nadaka]

Hmmm of the french speaking news source I just read was right, that commission is also charged to find 2 more trillion dollars of budget cut. Therefore you're taking 3 trillion dollars of budget cut over ten years. Which us about one year of your budget....
Ok I take what I said, you're screwed.

Only screwed if we don't raise taxes or have an economic recovery. As has been said all along.

[Heron TSG]

Wow. They just kicked the can three years down the road to a smaller committee.