Rick Perry's new tax plan. Hot off the press!

Are you sure you're not getting paid by the Perry campaign? If not, perhaps we could get a yell leader outfit with a big "P" on it.

<-- that's Perry

The Viking wrote: Exapmle. $30,000 no kids. No $12,500 write off but you can stay at 10%. So your taxes are $3000. That isn't including mortgage write off but I am just using round numbers. But if youa re single and make $30,000 and take the 20%, then you get teh write off foe one adult of $12,500 which is $17,500 times 20% means you pay $3500. It is still a flat tax choice but there is a couple windows of income in there where write offs won't pay off if you are single with no kids and it will be better to stick with the 10 or 15% tax. That way NO ONE'S taxes are going up!

I'm trying to read your near incomprehensible post, but are you saying a single person with no kids would currently pay $3000, but with Perry's plan they pay $3500? And I'll place a bet with you that "NO ONE'S taxes are going up!"

Viking, wait until there are the details we need. Then we can tear into it. It's stupid to get exicited about anything right now.

You complain about certain Dems just voting for no good reason, and here you are so exited about your guy with no facts yet to support anything.

The Viking wrote:

archer wrote:

The Viking wrote: And another thing this targets helping seniors too.

To help older Americans, we will eliminate the tax on Social Security benefits, boosting the incomes of 17 million current beneficiaries who see their benefits taxed if they continue to work and earn income in addition to Social Security earnings.

That's good for seniors, but lowers revenue further....where does he plan to make it all up?

Not sure, will have to see people run the numbers but part of his plan is also to cap spending at 18%. No bending. And secondly, if this frees up hundreds of billions if not a couple trillion in investments sitting in accounts for years or decades, not wanting to get hit with capital gains tax, people will pull out a lot of money and start to spend again which reinvests into our economy. More people making more money, means more revenue overall instead of it collecting a few % in a back or investment account that people won't touch. SO if, for example another half a billion gets spent back into the economy, then more products are going to have to be built to keep up with demand which means companies are growing, people are making more and even at 20% flat tax that much, after the deductions come back to rebuild our infrastructure. But we will have to see what people say. Perry is on O'Rielly tomorrow night and is expected to grill Perry, we will see how he does and what O'Reily thinks.

That's "pie in the sky" thinking....people have been losing money in investments for years.....they don't pull the money because they don't want to lock in the losses, not because they are afraid of capital gains. So don't count on money from investments to fuel the economy any time soon, maybe sales of investment properties that have been held a long time, but nor short term. Read the financial pages Viking. It has always been the middle class that fuels our economy, yet the conservatives can rationalize upping their tax burden to benefit corps and the wealthy and still expect the middle class to bail the economy out? really?

Conservation Voice wrote: Are you sure you're not getting paid by the Perry campaign? If not, perhaps we could get a yell leader outfit with a big "P" on it.

<-- that's Perry

Because I want a new tax system and you are for the status quo, you call me a cheerleader for someone? Unproductive post.....

pineinthegrass wrote:

The Viking wrote: Exapmle. $30,000 no kids. No $12,500 write off but you can stay at 10%. So your taxes are $3000. That isn't including mortgage write off but I am just using round numbers. But if youa re single and make $30,000 and take the 20%, then you get teh write off foe one adult of $12,500 which is $17,500 times 20% means you pay $3500. It is still a flat tax choice but there is a couple windows of income in there where write offs won't pay off if you are single with no kids and it will be better to stick with the 10 or 15% tax. That way NO ONE'S taxes are going up!

I'm trying to read your near incomprehensible post, but are you saying a single person with no kids would currently pay $3000, but with Perry's plan they pay $3500? And I'll place a bet with you that "NO ONE'S taxes are going up!"

Viking, wait until there are the details we need. Then we can tear into it. It's stupid to get exicited about anything right now.

You complain about certain Dems just voting for no good reason, and here you are so exited about your guy with no facts yet to support anything.

No I am saying they get to CHOOSE which one they want. Keep the old tax rate or the new one with the write offs. Whichever saves them more money. It only really helps single people between $25,000 and $32,000 to stay at the old rate, according to my figures not counting the mortgage write off.

But yes, let's wait till morning. 9 AM our time.

The Viking wrote:

Conservation Voice wrote: Are you sure you're not getting paid by the Perry campaign? If not, perhaps we could get a yell leader outfit with a big "P" on it.

<-- that's Perry

Because I want a new tax system and you are for the status quo, you call me a cheerleader for someone? Unproductive post.....

Progressives are never for the status quo. That's why they're called progressives.

Conservation Voice wrote:

The Viking wrote:

Conservation Voice wrote: Are you sure you're not getting paid by the Perry campaign? If not, perhaps we could get a yell leader outfit with a big "P" on it.

<-- that's Perry

Because I want a new tax system and you are for the status quo, you call me a cheerleader for someone? Unproductive post.....

Progressives are never for the status quo. That's why they're called progressives.

So you will be for this tax change if it gets rave reviews and makes sense and lowers taxes on all and gets rid of most of hte IRS even if it was done by a Republican?

I would be in favor of anything that lowers my taxes and reduces government waste.

As for Perry's plan, I'm not wasting any more energy. It has less chance passing through Congress than he does being elected president.

The Viking wrote:

Conservation Voice wrote:

The Viking wrote:

Conservation Voice wrote: Are you sure you're not getting paid by the Perry campaign? If not, perhaps we could get a yell leader outfit with a big "P" on it.

<-- that's Perry

Because I want a new tax system and you are for the status quo, you call me a cheerleader for someone? Unproductive post.....

Progressives are never for the status quo. That's why they're called progressives.

So you will be for this tax change if it gets rave reviews and makes sense and lowers taxes on all and gets rid of most of hte IRS even if it was done by a Republican?

I would be for A tax change that did all that, but what you have presented so far doesn't do that......changing the entire tax system for a country is a very long process, and takes experts .....not candidates. I want to see a group of tax and economic experts come up with a non-partisan overhaul of our tax code......not a campaign promise from a candidate who probably knows as much about economics and taxes as my dog. Being Governor of Texas doesn't teach you much, it's as much a figure head position as it is an actual job. And so far? Nope, Perry don't impress me much.

People should get on this call and listen to the details

There is a CONFERENCE CALL PREVIEW From the Fanpage: At 10:00 A.M (Eastern time!)... Rick Perry will have a CONFERENCE CALL, one hour before he announces his Tax Plan... DIAL..1-712-432-0900 .. pass code: 469476 ...