The man isn't stupid. He's a tax lawyer. Like ISM said, it's just wrong that he has to even consider those things.

I definitely won't argue re: inheritance tax (although I would point out that the more money you have the easier it is to shelter it from the inheritance tax as you can actually afford things like permanent life insurance and creating trusts).

Exactly, GD. This is another huge problem - the fact is that the wealthier you are the easier it is to pay less taxes. I'm all for closing loopholes. When Perot ran in 1992, I think it was revealed that his overall tax rate was something ridiculous around 6%. That is wrong. I will admit that I do like what Obama has said about off shore tax shelters.

I suppose the buggest problem I have with taxation - understanding fully that taxation is a necessary evil - is that it is always put into terms of "what will this cost the government" or "how will we replace the money lost in taxes". I have an idea - stop spending so much. It is never put in terms of "what will this cost the taxpayer" or "how will the taxpayer replace the money in increased taxation".

Consumers are expected to spend less when they have a reduction in income. I see no problem with the same expectation of the government. Everyone is amazed at the wasteful spending of the government and earmarks and whatever else. Public schools being built in the Phoenix area are simply palacial. Weight rooms that would embarrass small Universities. Two or sometimes even three gymasiums. The excesses are immense.

How is it even possible to look at a 3 TRILLION dollar budget that was just submitted and think it isn't enough? It's sickening, and GWB has completely dropped the ball in the area of controlling spending. I see Obama and Clinton propose even more - not that Republicans don't - and worry about that number going up and up and up. Sadly, it most likely will continue at an exponential rate no matter who is elected and no matter who controls congress.

REVOLUTION!!!!!!!!!!

Exactly.....the reduced value of our dollar would in essence be our "tax". Simple, no forms to fill out and no way for the rich to avoid paying taxes:)

And that's just the Feds. Now you need to add in all 50 State budgets. The excesses you mention primarily come from state budgets/taxes.

Visible mojo for Leo

Just so you know, our newly elected Prime Minister has frozen all parliamentary incomes for a year, much to the horror of all his party and the opposition.

He's walking the talk. I love it. :snap:

You hou
 

hey hey i'm not complaining about the value of the Dollar because i enjoy being here and spending my High Value Euros .

But true when it is the reverse and you go to Europe Spend your Dollars . hum hum i understand .

Hey you guys have a very cheap Gas Compare to ours . Think about it we pay hum hum $10 a gallon compare to $2,9 here in Central Florida .

I dont have any preferences for any politician but i hope it ll reduce your gas prices and increase the minimum wage .

I am completely against raising the minimum wage, as are a large portion of economists.

It can not be any better explained as to why than here.

Yes, our gas is cheaper- but our commutes are typically much, much longer than the average European's, and our transportation system is really lacking in most areas of the country. Of course, when Amtrak goes on strike our country is still able to function, so maybe that's not such a bad thing.:D