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BainsBane (33,892 posts) Mon Oct 19, 2015, 11:58 AMThe Revolution starts with a flat taxSanders is perhaps best known in political life for his efforts to champion the middle class, saying that in order to bridge the widening wealth and income inequality gap in America, the country needs a revamped tax policy that forces Wall Street, big corporations, millionaires and billionaires –like Trump – to pay up – and doesn’t impose further taxes on the middle and working class.However, when pressed by Stephanopoulos about whether the proposed Senate tax legislation he backs, which would use a payroll tax to fund a mandate for 12 weeks of paid family and medical leave from all U.S. employers, Sander confirmed that the bill would require taxing all citizens -– not just the top 1 percent." would hit everyone –- yeah, it would. But it would mean we would join the rest of the industrialized world and make sure that when a mom has a baby she can in fact stay home with that baby for three months, rather than going back to work at the end of one week," Sanders said."We are the ... only major country on earth that doesn't guarantee paid family and medical leave," he added.http://abcnews.go.com/Politics/bernie-sanders-proposed-payroll-tax-hit/story?id=34546554and http://www.cnn.com/2015/10/18/politics/bernie-sanders-payroll-tax-hike-family-leave/- - - - - - - - - -The tax, as he revealed yesterday, is .2% on everyone, which is flat. (See the CNN article linked above).My problem with this is not that it involves taxing everyone, but that the tax is regressive. Payroll taxes are flat taxes, regressive, meaning those with the lowest incomes pay the greatest share of their income. The GOP has long been a proponent of flat taxes, whereas Democrats have advocated a return to a more progressive tax structure, as existed before the changes to the tax code during the Reagan and George W. Bush administration.Can someone explain to me what kind of revolution is funded with flat taxes?
BainsBane (33,892 posts) Mon Oct 19, 2015, 12:05 PM3. Social Security is a retirement programThe idea of everyone paying in 15% is that everyone gets a return. It is theoretically not meant to be a tax, but of course it acts as one. If it is going to be conceived of as a tax, we must acknowledge that it is a tax that places an undue burden on the working poor and most benefits those with the highest incomes. Why would someone who wants to be a champion for the middle class add to that undue burden on those with the lowest incomes? What about the working poor? Why should those who have the least pay more than their fair share?And if we are to have mandated family leave, why is the mandate not on employers to pay for it?
hill2016 (299 posts) Mon Oct 19, 2015, 12:09 PM6. maybe he catches up to reality and finds thatsoaking the rich isn't enough to fund everything he wants.
George II (9,642 posts) Mon Oct 19, 2015, 12:38 PM16. A payroll tax is regressive - it's a tax on weekly or monthly paychecks, not on ALL income.The middle and lower classes rely on their paychecks to make ends meet. Millionaires and billionaires do not - they probably don't even get a "paycheck" or are on any payroll, so they won't pay a penny of this tax.Even if rich business owners get paychecks, they're nominal amounts that are a small fraction of their overall incomes of bonuses, dividends, interest, etc.Ronald Reagan relied on payroll taxes (and fees) to make up the difference when he proposed cutting income tax rates.Its unbelievable that any progressive candidate would propose a payroll tax to pay for any of his/her policies.
hill2016 (299 posts)6. maybe he catches up to reality and finds thatsoaking the rich isn't enough to fund everything he wants
This newbie is going to get spanked. Their post count is way to low to say things like this. The DUmmie hive is a mindset that the rich are the blame for everything.
Response to BainsBane (Original post)Mon Oct 19, 2015, 01:07 PMgwheezie (1,838 posts)30. If its a tax added to the payroll taxThen it is regressive. I agree, he needs to find another way to pay for this that doesn`t include me.
Response to gwheezie (Reply #30)Mon Oct 19, 2015, 01:29 PMStar Member BainsBane (33,892 posts)34. Agreed1) employers should pay for leave2) I need to hear what costs couldn't be covered by employers3) any of those costs should be paid for by income taxes.
Where is all this magic money supposed to come from?
BainsBaneMy problem with this is not that it involves taxing everyone, but that the tax is regressive. Payroll taxes are flat taxes, regressive, meaning those with the lowest incomes pay the greatest share of their income. The GOP has long been a proponent of flat taxes, whereas Democrats have advocated a return to a more progressive tax structure.
Who receives the most benefit from it...and shouldn't that group then pay for it...?
Silly you. The mantra of the left is: I want it, you pay for it.
Yes, but do libs disgust you ?
Someone has been reading my posts.
hill2016 (299 posts)6. maybe he catches up to reality and finds thatsoaking the rich and defunding the military isn't enough to fund everything he wants
Exactly what I thought when I read it. Injecting some realism isn't tolerated there.
If the loony libs ever figure out the scheme benifits Conservative women more than libs, they will oppose it.After all, there's no maternity leave for abortions.
For every new social program suggested by a liberal/Democrat/progressive, we should take away one that already exists.
Or even take away existing programs that are complete failures, and not replace them.
If the loony libs ever figure out the scheme benefits Conservative women more than libs, they will oppose it.After all, there's no maternity leave for abortions.
