(September 24, 2012 at 11:56 pm)cratehorus Wrote:(September 24, 2012 at 4:23 am)Tiberius Wrote: Sorry, I must have been ill when it was decided that "record low" was synonymous to "not too high". Also when "taxes" in general and "corporate taxes" were made the same thing.
Taxes being too high should depend on whether there is any absurd amounts of spending by the government, and whether the government could function properly without that money. In the case of the US, I'd point to three obvious areas of overspending:
1) The military.
2) The intelligence services.
3) The TSA.
I honestly don't think it would be impossible for a government to work off a budget equal to 10% of the taxable income of the country.
taxes revenue is at record lows
http://www.poisonyourmind.com/2012/06/in...by-charts/
This is correct. It's also worth noting that the government has always been more than willing to spend, spend, spend, whether they have the tax revenues to cover it or not.
I think there's several more levels of government waste that should be looked at. Government officials are so more than willing to vote big, expensive perks for themselves. There's also a lot of government owned properties, from homes to commercial properties, and they're just sitting there with us paying for upkeep even though they're abandoned. Surely the government can find a way to use those that can be profitable? Heck, there are 50,000 houses the government owns that are empty; all we have to do is rent each of those out for $500 a month and that's three hundred million dollars coming back to tax payers.
My government income issues revolve around four ideas:
Simplify the tax code by lowering base tax rates but eliminating tax loopholes (and cracking down on churches that cross the line between church and state).
Cut government waste, prevent government officials/offices from frivolous overspending on themselves. This would also tighten up the purse strings from congress so they can't keep voting to give themselves more and more garbage.
Eliminate unneeded programs from the budget and prevent wasteful spending on programs that are needed. Military, for example, is needed but we vastly overspend on it.
Eliminate corporate welfare. If we're going to rely on free market, we need to do that and not rely on an artificial free market insured and supported by tax payers.
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"If you cling to something as the absolute truth and you are caught in it, when the truth comes in person to knock on your door you will refuse to let it in." ~ Siddhartha Gautama
"If you cling to something as the absolute truth and you are caught in it, when the truth comes in person to knock on your door you will refuse to let it in." ~ Siddhartha Gautama