Pawlenty Proposes Three-Tier Income Tax System
- Posted on June 7, 2011 at 6:21am by
Scott Baker
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CHICAGO (AP) — Republican Tim Pawlenty was set to propose an economic policy Tuesday that would simplify individual tax rates to just three options and cut taxes on business by more than half as he offered himself as a replacement to Barack Obama in the Democratic president’s hometown.
The former Minnesota governor also was to propose that any services available privately, such as the postal services or mortgages, should not something government handles. He said he would require a vote in Congress to extend any regulation or he would cancel it. And he said he would eliminate taxes on investments and inheritances.
“But our policies can’t just be about simply cutting rates. They must also promote freedom and free markets,” Pawlenty said in excerpts provided ahead of the morning speech at the University of Chicago.
Pawlenty’s speech, his first as a declared presidential candidate, also kept an eye on presidential politics and blamed Obama for an anemic economy. He said Americans are ready to innovate and create jobs, but “they have been discouraged and weighed down by President Obama’s big government and heavy-handed regulations.”
In a speech expected to be heavy on specifics, Pawlenty was ready to propose a three-tier income tax system:
— The estimated 45 percent of U.S. households that did not pay income taxes in 2010 would see no change in their tax rates.
— Individuals would pay 10 percent tax on the first $50,000 of income. Couples earning $100,000 would also pay that rate.
— “Everything above that would be taxed at 25 percent,” Pawlenty said.
He also wanted to cut business taxes, reducing the current rate from 35 percent to 15 percent.
Before the event, Pawlenty‘s Democratic successor in the Minnesota governor’s office dismissed the proposals as the latest ploy from a politician who cares more about rhetoric than results.
“I think it‘s ironic that he’s talking about a fiscal plan for the entire country when he left his state a mess,” Gov. Mark Dayton said in an interview. “He decided he was going to leave and left it to his successor. They knew they were going to kick this down the road.”
In speeches, including the one Tuesday at the university where Obama taught law, Pawlenty boasts that he balanced the Minnesota budget during his time in office although he fails to mention he left behind a projected $5 billion deficit.
Dayton said the cuts under consideration for the next two-year budget include cuts to special education programs, increases in college students’ tuition and limited availability of home health care for seniors to offset the deficits.
When he announced his 2012 White House bid, Pawlenty promised policy details but kept his focus on rhetoric. He went to Florida to promise an overhaul of Social Security and Medicare, programs sacrosanct to the state’s seniors. In New York, he told Wall Street a Pawlenty presidency would not bail out investors. And in Iowa he promised to phase out subsidies to corn-based ethanol, a deal breaker for many in a state that relies on those federal dollars for a way of life.
He pitched himself as a truth teller but was unwilling to offer specifics. Instead, he promised a series of policy announcements that would leave voters convinced he was a policy heavyweight.
Tuesday’s speech was a first step toward that effort. Appealing to small-government conservatives, he suggested what he called “The Google Test.”
“If you can find a good or service on the Internet, then the federal government probably doesn’t need to be doing it,” Pawlenty said. “The post office, the government printing office, Amtrak, Fannie (Mae) and Freddie (Mac) were all built for a time in our country when the private sector did not adequately provide those products. That’s no longer the case.”
And he proposed that taxes on investments, bank interest, stock dividends and inheritances should all be zero.
“Government has no moral or economic basis to claim a second share of the same income. When you deposit a dollar in your bank account, every penny should be forevermore yours and your children’s, not the federal government’s,” he said.
Pawlenty is the second would-be GOP challenger to lay out a policy speech in Obama’s hometown. Mississippi Gov. Haley Barbour also delivered a blistering economic speech here before he announced he would not join the Republican presidential field.
On Monday, former Sen. Rick Santorum of Pennsylvania declared he would seek the GOP presidential nomination. Last week, former Massachusetts Gov. Mitt Romney formally announced he would seek the White House for the second time. And before the end of the month, Rep. Michele Bachmann of Minnesota and former Utah Gov. Jon Huntsman were set to announce their next political moves.
A debate next week in early nominating New Hampshire stood to clarify the contest that is fast approaching its first test of organization: the straw poll in Ames, Iowa, set for August. Among the serious contenders, only Huntsman was expected to skip.
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Comments (139)
AmeriCat
Posted on June 7, 2011 at 7:38amPawlenty….this guy is dangerous!
Report Post »planbdeveloper
Posted on June 7, 2011 at 7:33amWe need to abolish income tax and just set up a FLAT SALES TAX. It would be the fairest of all.
Report Post »Darrell
Posted on June 7, 2011 at 8:42amRepeal the 16th Amendment, and you don’t need a national sales tax at all. Like magic, most federal spending will evaporate because the center of domestic program politics will be the States. Come on, people.
Report Post »oldandtired
Posted on June 7, 2011 at 7:29amI just think we should have a tax on everything but food
Report Post »I think this is the only way to have everyone participate
By the way this would do away with the IRS
kestrel27
Posted on June 7, 2011 at 7:26amUnfortunately, the Postal service as bad as it is, IS in the Constitution. Like all government agencies, it is poorly run by people who were Peter Principled up to management where their level of incompetence knows no bounds. The tax system as it is, is used as a way to manipulate societies behavior. It needs to be fixed, especailly when 50% of Americans pay zero taxes and a whole lot of those 50% get refunds that they never paid for. Funny how it’s always those people that feel the rich should pay more, while they pay nothing. I call them the parasite class.
Report Post »AmeriCat
Posted on June 7, 2011 at 7:36amThank you for bringing up those “refunds!”
Without the “refunds”….that number of 45% who pay no taxes would be way lower!
“Refunds” are simply nothing more than government handouts
Report Post »to those who meet certain qualifications….
Free Money taken from Obama’s Stash [ OUR hard earned bank accounts! ]
AmeriCat
Posted on June 7, 2011 at 7:26amPawlenty is playing the game….but not for the good of Americans
His plan is solely SELF-CENTERED…to GET VOTES for PAWLENTY!
He figures 45% no taxes will vote for him.
The next bracket of 10% will vote for him.
That’s over 50%….how smug.
And still…45% of Americans with No Skin in the Game!
Report Post »All the benefits without paying!
bandi9
Posted on June 7, 2011 at 7:25ami do agree with the 10% tax, period. his plan, though, would be better than what we now have.
Report Post »AmeriCat
Posted on June 7, 2011 at 7:20amPawlenty DOES NOT GET IT!
His plan still leaves 45% of Americans not paying any…none…nada income tax.
45% of Americans will still have their hands out…gimme, gimme, gimme,
and will continue to vote into office those who will dole out the free-bees!
45%…and who‘s to say it won’t go higher…will still have NO skin in the game!
Report Post »GrumpyCat
Posted on June 7, 2011 at 9:41amRight. No small part of the problem creating our entitlement system is that 45% (other sources say over 50% of eligible voters) pay no Federal taxes and therefore have no bone in the stew regarding higher and higher taxes.
I say 10% of everything over $10,000, no deductions, not even for investments.
Report Post »Banter
Posted on June 7, 2011 at 12:59pmIf you don‘t pay taxes you don’t get a vote. This removes the incentive to increase the welfare state, thus the voting base to elect those who give the freebies away.
Report Post »lel2007
Posted on June 7, 2011 at 7:11am“estimated 45 percent of U.S. households that did not pay income taxes in 2010 would see no change in their tax rates.” – That make a 4th bracket ZERO TAX for 45% of the population. Nearly HALF the population paying absolutely NOTHING, and enough of a margin to determine election outcomes. That’s just wonderful.
Report Post »freedoc
Posted on June 8, 2011 at 2:31pmyep. And Pawlenty just put a fork in his election bid….because ~20-25% of Americans are ‘tea partyish’(which accounts for roughly 50% of Republicans) and will squelch his election chances.
Gum-bye-ya Tim.
Report Post »lel2007
Posted on June 7, 2011 at 7:04amPawlenty pandering with his same-o-same-o tax “plan”. But I suppose that’s what he must do to appease the ignorant masses and have a chance of getting elected.
Report Post »Anyone and everyone who has income, regardless of amount, should have to pay tax. Only this way will ALL American’s “have some skin in the game”, as borak says. Otherwise, A government with the policy to rob Peter to pay Paul can be assured of the support of Paul.
GONZO_G
Posted on June 7, 2011 at 6:59amFairTax!!!
Herman Cain 2012
Report Post »oldsoldier10
Posted on June 7, 2011 at 6:59amPawlenty & Cain 2012 or Cain & Pawlenty 2012 either way I do not care. I will vote for whom ever abolishes the current tax code and dismantles the IRS! The IRS is the bane of the USA and is bent on the subjugation of its peoples and confiscation of their labors. The IRS and the Federal government are responsible for the current abysmal state of the USA.
Report Post »kenr1963
Posted on June 7, 2011 at 6:58amThe fair tax is the only tax system that will work.
Report Post »freedoc
Posted on June 8, 2011 at 2:11pmYep. Fair Tax + 10% across the board federal cuts.
Report Post »NickDeringer
Posted on June 7, 2011 at 6:57amT-Paw will be the last man standing after all is said and done. He is the only serious candidate in the race right now.
Report Post »freedoc
Posted on June 8, 2011 at 2:29pmDisagree. Anyone who is not for the abolition of the 16th Amendment, introduction of a Fair Tax( or similar)—is just another politician enabling the utter destruction of this country.
Report Post »anunyapete
Posted on June 7, 2011 at 6:56amIt’s a misdirection play, folks.
We DO NOT HAVE A REVENUE problem. WE HAVE A SPENDING PROBLEM…!!!
Cut the budget by 10% in year one — accross the board, all programs and agencies. On a $3.8 trillion budget that roughly $380 billion in cuts. Require all government management over these programs to perform internal audits to find where they will cut that 10%.
Year two — cut another 10% accross the board. That $3.8 trillion budget is now only $3.42 trillion, so this round of cuts equals $342 billion.
And so on… In 10 years your total budget is down to approx. $1.3 trillion.
Report Post »AmeriCat
Posted on June 7, 2011 at 7:29amExactly! Pawlenty is just another typical politician. No Way!
Report Post »New Dawn Comin
Posted on June 7, 2011 at 6:51amDidn’t he agree with some kind of sharia compliant finacing also?
Report Post »dizzyinthedark
Posted on June 7, 2011 at 7:47amNo, he shut it down
Report Post »dizzyinthedark
Posted on June 7, 2011 at 6:48am“….He pitched himself as a truth teller but was unwilling to offer specifics….” Lost my interest right there. Not interested in playing games.
“…If you can find a good or service on the Internet, then the federal government probably doesn’t need to be doing it,” Pawlenty said….” Key word here: ‘probably’. After this Administration’s deaf ear to what the people said “No” to about the bail outs of Fannie May, GM and the sad state of affairs in the Post Office, I would think this man would say “No to federal government running any business.”
He’s not sounding too strong in this front. But he was pretty strong on his shut down of sharia law in his State and that is a good thing so he is all for the Constitution trumping sharia which I love to see! Ban the sharia!
He’s too wobbly for me.
Report Post »Eblaze44
Posted on June 7, 2011 at 7:37pmIt’s politics and political speech. he has no specifics.
Report Post »wodiej
Posted on June 7, 2011 at 6:45amWell if there are no exemptions than a portion of the 47% who pay no income tax now because of all the deductions would have to start paying their share. GE would have had to pay $5 million on that $5 billion they made last year.
I will take the 10% tax rate over exemptions especially if it means people not getting all these deductions for kids. Can‘t afford ’em, don‘t have ’em. My property taxes already pay to educate them and I shouldn’t even have to do that. Single mom’s get the biggest tax break. And what about all those people on welfare? How are we going to get them into the work force so they pay for our free society as well? I’d like to see the plan for that.
Report Post »saranda
Posted on June 7, 2011 at 9:40amHow does GE get away with paying 0.1% using your math?
Report Post »fatpatriot
Posted on June 7, 2011 at 6:44ampretty thin on specifics. What about medicare tax? SS tax? regulatory fees? deductions? exemptions? Earned income credit? Alternative minimum tax? Estate tax?
Report Post »If he proposed a reformation of the entire tax code then he might have something. I don’t know if the flat tax is best or fair tax. I do know that the current tax system is not working.
fatpatriot
Posted on June 7, 2011 at 6:46amand exactly how would this tax plan address the spending deficit and the debt?
Report Post »Aaron in Polk County
Posted on June 7, 2011 at 6:39amDid anyone see if this plan addresses Capital Gains Tax?
If all I had to pay is 25% tax that would be less than what I pay now.
If my foundation raised over $100,000 does that go towards my 25% like it does now?
There are a lot of unaddressed issues.
Report Post »Mapache
Posted on June 7, 2011 at 6:55amI agree the rich get richer due to their managing their money and liabilities. No matter how high you raise the income tax it is not going to affect the uber rich since they do not work for money. They get their money mostly through capital gains.
Report Post »Maybe they should have the 1st $500k of capital gains tax free and everything after that taxed at a straight 20% or such. It does not have to be complicated.
Those making under $50,000 should have some skin in the game and should pay at least 5% for anything over $25K. Lets cut the EIC.
avenger
Posted on June 7, 2011 at 6:33amthis guy sounds like a gop insider..an elite in the making.time to get rid of the progressive tax !
Report Post »tower7femacamp
Posted on June 7, 2011 at 6:32amAnd he proposed that taxes on investments, bank interest, stock dividends and inheritances should all be zero.
“Government has no moral or economic basis to claim a second share of the same income. When you deposit a dollar in your bank account, every penny should be forevermore yours and your children’s, not the federal government’s,” he said.
the millionaire clause, poor folks don’t have interest income
or inheritance of any substantial amount
I say let everyone get 1st 50,000 tax free
then tax everything %25 after that with no loop holes or right offs.
but it will never happen
Report Post »the Rich get Richer
Aaron in Polk County
Posted on June 7, 2011 at 6:42amMaybe the rich get richer because they know how to manage money? maybe, hmm?
Report Post »LIBERTARIAN T38
Posted on June 8, 2011 at 12:18amI worked in a bank where I dealt with a lot of welfare people. First of all, you can make more than a schoolteacher working the system. For example, each illegitimate child is worth $725 a month from SSI and all of your basic bills including cel phone are paid for. Secondly, most poor people just can’t handle…well work, responsibility, reality, and especilally money. Giving cash to most poor people is like giving beer to a drunk…Welfare people would overdraw their checking accounts on $1.99 Redbox movies and McDonalds…running up literally hundreds in monthly fees. Every month. And they would rent furniture and appliances from Rent-a-Center for outrageous prices…
Report Post »razeus1
Posted on June 7, 2011 at 6:30amSpeak your mind and tell only the truth and let the people decide……
Report Post »TMink
Posted on June 7, 2011 at 9:33amI agree Razeus1, Pawlenty has impressed me with his willingness to talk specifics in an adult fashion. I am more conservative than he, but he is campaigning like a bona fide man, saying tough things in places where they will be unpopular. He is impressing me.
Report Post »Seabee79
Posted on June 7, 2011 at 10:07amYou know who else is campaigning like that Rick Santorum.
Report Post »missy8s
Posted on June 7, 2011 at 6:28amHow about everyone just pay 10% on EVERYTHING, no write offs and no more “refunds” for ANYONE!?
Report Post »BlazingInSC
Posted on June 7, 2011 at 7:27amHow about the unconstitutional federal income tax be tossed and the feds accrue tax revenue from the states the way they are supposed to? Why are you advocating to keep any form of an unconstitutional income tax system?!?
Report Post »the_ancient
Posted on June 7, 2011 at 7:48amUmm with the ratification of the 16th amendment the tax system is constitutional, so that is a non-argument.
Report Post »Darrell
Posted on June 7, 2011 at 8:39amCalling it your job, Boss, don’t make it right. I think Blazinginsc means “Constitutional” in its original, now proven correct, form.
Report Post »sWampy
Posted on June 7, 2011 at 8:59amIt was passed under lies by the left, they told Americans it would never be more than 1%, go back to the original rules, and I don’t think anyone would have a problem with it.
Report Post »OldVet
Posted on June 7, 2011 at 10:31amThe Income tax act was ment to finance national defence only and was set up to only tax the top 1% of income earners. Lets go back to that concept. Tax income over $250,000 at 15%. As a replacement for lost revenue TAX WEALTH of individuals holding more than $10 million in assets at 5% of their total wealth excluding farmland. Index this policy to inflation and you would have a fair system. The majority of taxes comes from user fees and licences already anyway.
Report Post »We make such a big deal over Income taxes when they are only 20% of the money the government collects from us. The whole argument is manufactured by politicians to distract us.
tomathy
Posted on June 7, 2011 at 12:45pmthe 16th amendment was NOT ratified by the required minimum number of states, therefore is null
Report Post »VRW Conspirator
Posted on June 7, 2011 at 1:45pmYES …that is the RINO Pawlenty’s plan…no deductions, no credits, no write-offs…BUT WAIT…
The 45% of people that pay NOTHING currently, would continue to pay NOTHING!!! WTF!!! Actually it says “no change in their tax rates”…but these people do have a tax rate and it is higher than 10%, they just get credits and deductions that make their tax burden 0% or negative..which means they get everything they paid in back and usually MORE than they paid in back…that bottom 45% actually has an EFFECTIVE tax rate of -2%…yes.. NEGATIVE 2%..which means they get everything paid back plus another 2% of their GROSS income…
WTF!!!
Now, I will say in all honesty…my wife and I have a AGI over 100K..but after deductions and credits … our effective tax rate is 5%, even though I fall into the 28% tax bracket..under Pawlenty’s plan of 10% on 50 and 25% over that…I would be paying about $20K…that would triple my current PAID taxes….
Again…I say.. WFT!!!
As for the flat 10% no deductions..no nothing…that wouldn’t work…look at the projections by Art Lafer and people like him…in order to break even, the US would need to install a 15-18% tax on everyone…no deductions, no exemptions, no credits…that would allow for a balanced budget and debt repayment based on the 2007-2008 levels of spending…
Report Post »stopwhininganddosomething
Posted on June 7, 2011 at 3:00pmI could not agree more. Flat tax, easy peasy. And fair!
Report Post »ISeeDanger.com
Posted on June 7, 2011 at 6:23amI’m just glad Weiner is going away.
I feel like it’s my birthday.
http://www.ISeeDanger.com
Report Post »tower7femacamp
Posted on June 7, 2011 at 6:23amIndividuals would pay 10 percent tax on the first $50,000 of income
Report Post »what a Dick, let me guess we lose all exemptions, so you pay 5000
on your 1st 50…..
missy8s
Posted on June 7, 2011 at 6:33amWhy do you need exemptions?
Why do we need a three tier system?
Everyone should pay 10% ON EVERYTHING, no need to file a “return”, no deductions, no write offs and no “refunds” for ANYONE!
Endlessly stable system and everyone is treated the same no matter where their place in society is.
Report Post »LibertariansUnite
Posted on June 7, 2011 at 6:44amPawlenty = Establishment = Bought
No thanks.
Ron Paul 2012
Report Post »Dahart
Posted on June 7, 2011 at 6:51amSo if you are singal making $65,000 a year….. You pay 10% on your first $50.000 and then 25% on anything above that. Which means your tax rate would basically be 35%…. Am I wrong?
Report Post »bullcrapbuster
Posted on June 7, 2011 at 6:58amYes you are wrong.. Figure it out,do your own homework.(:
Report Post »TexasArmyMomx2
Posted on June 7, 2011 at 7:12amDahart… it actually works out to about 13% of total income.
I don’t like that he thinks the government should discern how much is enough for my family. I’d rather decide that by how hard I work to attain the life I want. If $50/100K is what he/they determine I need, then the plan decides where I live, what car I drive and how many children I have. Anything over what he says is necessary ($50K) is taxed at a higher rate? An extra 15% on that “extra” income will necessarily limit the financial decisions I can make. Just another form of “tax the rich” more… only it’s the not so “rich.” I’d rather see something flat or fair.
Report Post »Darrell
Posted on June 7, 2011 at 7:45amAny politician that only wants to rearrange the chairs on the titanic is part of the problem. Repeal the 16th Amendment and watch the budget fix itself!
Report Post »the_ancient
Posted on June 7, 2011 at 7:47amTax Rates are not the Problem, they are a symptom of the problem…
Spending in the problems, Reforming taxation type and rates needs to come AFTER spending is curbed, not before.
Report Post »OLDBIKEFIXER
Posted on June 7, 2011 at 7:53amThe “3-tier” system sounds like B.S. to me. Herman Cain is pushing the “fair tax”, in which taxes would be paid only on goods sold. Ya‘ can’t get more fair than that, and EVERYONE would be paying their fare share.
Report Post »jabdul
Posted on June 7, 2011 at 8:14amDAHART – you are very wrong. You’re effective tax rate would be 13%. At no time would you be taxed 35%. Unbelievable
Report Post »thegrassroots
Posted on June 7, 2011 at 8:53am@ missy8s
I completely agree! Everytime that “flat tax” discussion comes up, it disappears after a very short while. It would be the most common sense way to go and the IRS would be abolished. TONS of money would be saved if the IRS disappeared.
Report Post »sWampy
Posted on June 7, 2011 at 8:57amOLDBIKEFIXER only problem with that is the rich and illegals spend large portions of their money over seas where it wouldn’t be taxed at all. You need something that taxes money leaving the country at a much higher rate, because it doesn’t turn over in our economy at all, and becomes a lost resource.
Report Post »Seabee79
Posted on June 7, 2011 at 9:51amThe exemptions are the peoblem that’s why 45% or more pay no fed taxes and that’s why the country is in such bad shap. plus all the spending by both parties.
Report Post »TulsaYeeHaw
Posted on June 7, 2011 at 10:04amHow about getting rid of the income tax and replacing it with………….NOTHING
Report Post »No more, no more, no more.
imreddog
Posted on June 7, 2011 at 10:05amPawlenty sucks! I say, do away with the income tax. It is illegal anyway. A national sales tax would work better and would eliminate all of the special favors that “special interests” (crooks) buy from the politicians. You would never have your income consficated, your home stolen, your car stolen, your business destroyed, never have to file a “return”, never have to deal with the Gestapo. This very thing is offered. It is referred to as “The Fair Tax”.
Report Post »I have a copy of “The Complete Internal Revenue Code, 1997″ and it is 9,479 pages of very fine print. If the income tax was legal, the code wouldn’t need to be that many pages/words. It would simply say: “If you make this much money, your income tax is this percent.” The book has to be this large if they are going to confuse and screw the people. THERE IS NO LAW THAT REQUIRES THE AVERAGE AMERICAN TO FILE AND PAY AN INCOME TAX! Don’t believe it? Call the IRS and ask them to tell you where to find the law that requires you to file and pay. What they will say is: “That is a frivilous tax argument.”, but they won’t give you the law, because it doesn’t exist. I recently asked that very question and that is the answer that I got. Sign the return and you give up your 5th ammendment rights. Refuse to sign the return and a criminal judge will throw you in jail, saying that when it comes to income tax, you don’t have any 5th ammendment rights.
banjarmon
Posted on June 7, 2011 at 10:39amIf 10% is good enough for GOD, then it’s MORE than enough for government!
Report Post »TheBMT
Posted on June 7, 2011 at 11:03amok, you got an interesting tax plan. Let me see the budget cuts. Cuz you can’t cut taxes without cutting spending.
Report Post »American Soldier (Separated)
Posted on June 7, 2011 at 11:45am10% across the board. No ifs ands or buts about it. Then the lower income individuals can finally participate in wanting government to lower taxes and stop over spending! the 45% that pay little to no income tax has no incentive for government to lower taxes or cut spending, but with a flat tax across the board regardless of income, they’ll change their tune real fast.
Report Post »CaptainKook
Posted on June 7, 2011 at 12:38pmAnother furure LOSER candidate.
Yeah – let’s prvatise EVEYTHING the government does that could be turned into a profit-making venture for the already wealthy!
Report Post »Thanks Tim – you’re helping us re-elect Obama!
GODSAMERICA
Posted on June 7, 2011 at 2:42pmIf they are not for a tax system that completely gets rid of the IRS and any other tax thugs then I seriously doubt that they have my vote. If we are going to make any changes that actually mean anything then we need to fight for “broke” and go all the way. No more of this take a little step here, they take a big step there, we take a little step here nonsence. We MUST FUNDAMENTALLY change this government and nation. Anything less than this is basically someone that wants to sidetrack us by doing a little bit by little bit. We MUST chase out ANY person that is not for major (and I mean MAJOR) change NOW!!!
Report Post »1TrueOne55
Posted on June 7, 2011 at 2:43pmHe needs to look into the “FAIRTAX” where you get rid of the
Report Post »INTERNAL
ROBBER BARRON
SOCIETY
and replace it with a simple federal sales tax on all items purchased by corporations to individuals. It makes more sense and is really more “Progressive” since the percentage rate of the tax is equal to all but as you buy more you pay more and you would also have more take home pay since the FAIRTAX would get rid of all income taxes on gross income.
independentvoteril
Posted on June 7, 2011 at 3:04pmso if my husband works and makes $85K a year.. I make $15K a year we pay 10%? THAT’S what were paying now..add that to the 6.6% we pay the state of IL THAT would mean we pay 16.6% right off the top WITHOUT counting SS or MEDICARE.. which is another 6% so NOW we are paying 22.6% than we get to pay LOCAL taxes on whatever we buy which is ANOTHER 6.5% state and 2% local depending on where you live.. that would be 31.1% so.. our 100K income is now less than 70K.. nice.. don’t forget that state, federal, local taxes are on EVERY utility bill from heating gas to your phone.. along with other MANDATED charges.. so if you bust your rear work overtime to save for your retirement you end up with the SAME amount as if YOU only worked 40 hrs. a week or less .. SOUNDS LIKE OBAMA’S PLAN.. take from the productive .. well I know that this is ONE republican I will NOT vote for..
Report Post »DavidD
Posted on June 7, 2011 at 4:34pmTPaw you suck. How about cutting spending? How about a flat consumption tax?
How about the BOTTOM 50% pay some taxes for a change. Even if only a couple hundred bucks a year. I’m sick of subsidizing the “takers” so they can whine, vote for democrats, and then demand even more handouts. We average Joes have been paying more than our fair share – time for the takers to shoulder some of the burden.
Report Post »justafollower
Posted on June 7, 2011 at 4:35pmHow’s that for some great ideas on how to keep the country broke and broken! Let‘s let the people that don’t pay any taxes KEEP NOT PAYING TAXES! forget it. He’s a moron! EVERYONE Needs to pay. And I”m one of those 40%+ that don’t pay taxes. Use tax, Flat tax, I don‘t care but that’s one dumb idea! He’s just playing politics. Get off the stage you BUM!
Report Post »Herman Cain 2012. (at this point)
Eblaze44
Posted on June 7, 2011 at 7:34pmmissy8s
Report Post »Posted on June 7, 2011 at 6:33am you have my vote – EVERYONE pays to support our Republic. I’d rather a national sales tax – but I’d settle for EVERYONE, no exemptions, pay 10%. No tiers, no brackets, no exemptions.
Cheryl Pass
Posted on June 7, 2011 at 10:27pm10% across the board, no ifs, ands, or buts. The reason this works is it gives everyone in the country a vested interest in our country, no matter what their income is. (obviously zero income does not apply.) The tiered system of varied rates for different incomes is wrong under the constitution because it treats people unequally. How the current tax system has passed muster under constitutional law is beyond comprehension to me. Pawlenty is off the mark by proposing a system not unlike what exists now…tiers of taxes for different incomes. Wrong. But it shows he is at least trying to simplify things somewhat somehow…..it just doesn’t hit the mark.
Report Post »UNITEDWESTAND
Posted on June 10, 2011 at 6:36pmPawlenty for PROGRESSIVE tax system. NO THANK YOU! Pawlenty = Progressive Lite.
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