Comments on: What Happened To Tax Reform? http://thinkprogress.org/2006/03/22/tax-reform/ Thu, 26 Nov 2009 13:04:02 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: Arbonne International Skin Care users guide http://thinkprogress.org/2006/03/22/tax-reform/comment-page-2/#comment-5606492 Arbonne International Skin Care users guide Mon, 20 Apr 2009 17:23:57 +0000 http://thinkprogress.org/2006/03/22/tax-reform/#comment-5606492 <strong>Huge exhibits of Arbonne Skin Care Products...</strong> Arbonne International is one of the best companies in the world when it comes to skin and beauty care. Its skin care product line is one of the best in the world that many women. The products of Arbonne skin care products are developed in Switzerland.... Huge exhibits of Arbonne Skin Care Products…

Arbonne International is one of the best companies in the world when it comes to skin and beauty care. Its skin care product line is one of the best in the world that many women. The products of Arbonne skin care products are developed in Switzerland….

]]> By: shag Haircut and styles http://thinkprogress.org/2006/03/22/tax-reform/comment-page-2/#comment-5566852 shag Haircut and styles Thu, 26 Mar 2009 22:38:29 +0000 http://thinkprogress.org/2006/03/22/tax-reform/#comment-5566852 <strong>Shag Hairstyles and Haircuts...</strong> shag hairstyle basically gotits name from the word "shaggy" since ...once the hair is cutand layered it gives off a shaggy look. The shag hairstyle has always been apopular hairstyle, and there are plenty ofshag hairstyles to choose from... Shag Hairstyles and Haircuts…

shag hairstyle basically gotits name from the word “shaggy” since …once the hair is cutand layered it gives off a shaggy look. The shag hairstyle has always been apopular hairstyle, and there are plenty ofshag hairstyles to choose from…

]]> By: Digimon adventure online games http://thinkprogress.org/2006/03/22/tax-reform/comment-page-2/#comment-5514200 Digimon adventure online games Mon, 23 Feb 2009 04:53:00 +0000 http://thinkprogress.org/2006/03/22/tax-reform/#comment-5514200 <strong>All about Digimon Adventure Online Game. Digimon Adventure Fans Blog....</strong> ...Digimon is a small virtual pet. You can download and play an online RPG in the Digimon universe. It looks and feels like 2D graphic RPG adventure. You can train and level up your Digimon, make hundreds of quests, and travel through a huge universe a... All about Digimon Adventure Online Game. Digimon Adventure Fans Blog….

…Digimon is a small virtual pet. You can download and play an online RPG in the Digimon universe. It looks and feels like 2D graphic RPG adventure. You can train and level up your Digimon, make hundreds of quests, and travel through a huge universe a…

]]> By: Microsoft Money Banking Update http://thinkprogress.org/2006/03/22/tax-reform/comment-page-2/#comment-4885648 Microsoft Money Banking Update Sun, 13 Apr 2008 08:28:12 +0000 http://thinkprogress.org/2006/03/22/tax-reform/#comment-4885648 <strong>Microsoft Money Banking Update</strong> consumers national bank Microsoft Money Banking Update

consumers national bank

]]> By: Federal Housing Administration Reform http://thinkprogress.org/2006/03/22/tax-reform/comment-page-2/#comment-4880880 Federal Housing Administration Reform Sat, 12 Apr 2008 17:43:52 +0000 http://thinkprogress.org/2006/03/22/tax-reform/#comment-4880880 <strong>Federal Housing Administration Reform</strong> I enjoyed reading your blog. What a great thing it is to be able to share information like this on the Internet. Federal Housing Administration Reform

I enjoyed reading your blog. What a great thing it is to be able to share information like this on the Internet.

]]> By: Consolidation Loan http://thinkprogress.org/2006/03/22/tax-reform/comment-page-1/#comment-4828220 Consolidation Loan Wed, 09 Apr 2008 12:10:19 +0000 http://thinkprogress.org/2006/03/22/tax-reform/#comment-4828220 <strong>Consolidation Loan</strong> Basic consolidation services debt loan advice that lends essential debt. Consolidation Loan

Basic consolidation services debt loan advice that lends essential debt.

]]> By: Bad Credit Loans Personal Loan Auto Loan Calculator http://thinkprogress.org/2006/03/22/tax-reform/comment-page-1/#comment-4796912 Bad Credit Loans Personal Loan Auto Loan Calculator Mon, 07 Apr 2008 22:36:25 +0000 http://thinkprogress.org/2006/03/22/tax-reform/#comment-4796912 <strong>Bad Credit Loans Personal Loan Auto Loan Calculator</strong> I can not agree with you in 100% regarding some thoughts, but you got good point of view Bad Credit Loans Personal Loan Auto Loan Calculator

I can not agree with you in 100% regarding some thoughts, but you got good point of view

]]> By: Microsoft Money Banking http://thinkprogress.org/2006/03/22/tax-reform/comment-page-1/#comment-4752450 Microsoft Money Banking Sat, 05 Apr 2008 16:15:23 +0000 http://thinkprogress.org/2006/03/22/tax-reform/#comment-4752450 <strong>Microsoft Money Banking</strong> Scotia Financial Microsoft Money Banking

Scotia Financial

]]> By: Maryland Mortgage Interest Rates http://thinkprogress.org/2006/03/22/tax-reform/comment-page-1/#comment-4459688 Maryland Mortgage Interest Rates Mon, 24 Mar 2008 21:17:44 +0000 http://thinkprogress.org/2006/03/22/tax-reform/#comment-4459688 <strong>Maryland Mortgage Interest Rates</strong> Can it be that your server is infected with a virus - I get an Virus warning when I open your site with Firefox - Just for your Info. Maryland Mortgage Interest Rates

Can it be that your server is infected with a virus – I get an Virus warning when I open your site with Firefox – Just for your Info.

]]> By: Accounting Financial Financial Success http://thinkprogress.org/2006/03/22/tax-reform/comment-page-1/#comment-4340746 Accounting Financial Financial Success Wed, 19 Mar 2008 02:04:12 +0000 http://thinkprogress.org/2006/03/22/tax-reform/#comment-4340746 <strong>Accounting Financial Financial Success</strong> I can not agree with you in 100% regarding some thoughts, but you got good point of view Accounting Financial Financial Success

I can not agree with you in 100% regarding some thoughts, but you got good point of view

]]> By: Royce http://thinkprogress.org/2006/03/22/tax-reform/comment-page-1/#comment-4314356 Royce Sun, 16 Mar 2008 14:31:08 +0000 http://thinkprogress.org/2006/03/22/tax-reform/#comment-4314356 <strong>Royce</strong> Learn from yesterday, live for today, hope for tomorrow. Royce

Learn from yesterday, live for today, hope for tomorrow.

]]> By: Jack http://thinkprogress.org/2006/03/22/tax-reform/comment-page-1/#comment-509488 Jack Tue, 18 Apr 2006 04:39:31 +0000 http://thinkprogress.org/2006/03/22/tax-reform/#comment-509488 We'll get tax reform, the same time we go to the metric system. And we have been trying that since 1866. I don't believe Congress, with the people there, the leadership we have, and lobbyist, that any meaningful legislation or changes can or will occur that will positively impact our country and the people. No one seems to have the combination of intellect, vision, skills or compassion to do what is good for the people, and too many of the people are lost. Also the many institutions needed in a Democracy that affect are lives are under great strain now. We’ll get tax reform, the same time we go to the metric system. And we have been trying that since 1866. I don’t believe Congress, with the people there, the leadership we have, and lobbyist, that any meaningful legislation or changes can or will occur that will positively impact our country and the people. No one seems to have the combination of intellect, vision, skills or compassion to do what is good for the people, and too many of the people are lost. Also the many institutions needed in a Democracy that affect are lives are under great strain now.

]]> By: TJM http://thinkprogress.org/2006/03/22/tax-reform/comment-page-1/#comment-485951 TJM Sat, 25 Mar 2006 13:32:29 +0000 http://thinkprogress.org/2006/03/22/tax-reform/#comment-485951 Well,John,he assumes that the volume of transactions (and in order to raise sufficient revenue to meet the outlays of the government he must) could be cut by as much as 50% or might stay the same. The $ volume of transactions needed at 0,3% is $800 trillion. That amount can't be raised by salary or other xactions,so he assumes that bond stock and most importantly forex x actions will remain the same. But forex in particular is based on the difference in interest rates between the countries or is arbitrage at very small increments. a 0.3% tax on each of these would result not in a diminishment by 50% but a cessation in activity here. Each of the forex trades requires there to be a winner and a loser,it's not a win-win. If I have a $1,000 to trade and I trade once/day, a 0.3% tax will wipe out any profits. At 0.3%,annualized on a trading basis of 1/day works out to 0.015%/week or 7.8%/year. Traders aren't going to trade in the US at those kinds of rates. The volume of money movement for forex and other means of making money through risk arbitrage would basically cease. Nice theory and the math works only because, like most economists, he assumes that what he nedds for it to work to be the case. I don't believe his assumption as to the volume of transactions in a $12 trillion economy to be 70 times GDP. I just don't. Well,John,he assumes that the volume of transactions (and in order to raise sufficient revenue to meet the outlays of the government he must) could be cut by as much as 50% or might stay the same. The $ volume of transactions needed at 0,3% is $800 trillion. That amount can’t be raised by salary or other xactions,so he assumes that bond stock and most importantly forex x actions will remain the same. But forex in particular is based on the difference in interest rates between the countries or is arbitrage at very small increments. a 0.3% tax on each of these would result not in a diminishment by 50% but a cessation in activity here.
Each of the forex trades requires there to be a winner and a loser,it’s not a win-win. If I have a $1,000 to trade and I trade once/day, a 0.3% tax will wipe out any profits. At 0.3%,annualized on a trading basis of 1/day works out to 0.015%/week or 7.8%/year. Traders aren’t going to trade in the US at those kinds of rates. The volume of money movement for forex and other means of making money through risk arbitrage would basically cease.
Nice theory and the math works only because, like most economists, he assumes that what he nedds for it to work to be the case. I don’t believe his assumption as to the volume of transactions in a $12 trillion economy to be 70 times GDP. I just don’t.

]]> By: John http://thinkprogress.org/2006/03/22/tax-reform/comment-page-1/#comment-485687 John Sat, 25 Mar 2006 00:07:33 +0000 http://thinkprogress.org/2006/03/22/tax-reform/#comment-485687 With all due respect, TJM, you clearly have no idea of what you are talking about. If you could bother yourself, consider reading the whole thing and then give me some specifics that you disagree with. I'd like to benefit from your superior understanding of the topic. With all due respect, TJM, you clearly have no idea of what you are talking about.

If you could bother yourself, consider reading the whole thing and then give me some specifics that you disagree with. I’d like to benefit from your superior understanding of the topic.

]]> By: TJM http://thinkprogress.org/2006/03/22/tax-reform/comment-page-1/#comment-485491 TJM Fri, 24 Mar 2006 21:42:41 +0000 http://thinkprogress.org/2006/03/22/tax-reform/#comment-485491 John,read part of your link because Mr. Kroeger is pretty simplistic in his views and his explanation assumes he already knows the outcomes of the piees he puts in motion. Very tidy but very wrong. John,read part of your link because Mr. Kroeger is pretty simplistic in his views and his explanation assumes he already knows the outcomes of the piees he puts in motion. Very tidy but very wrong.

]]> By: John http://thinkprogress.org/2006/03/22/tax-reform/comment-page-1/#comment-484027 John Thu, 23 Mar 2006 19:07:32 +0000 http://thinkprogress.org/2006/03/22/tax-reform/#comment-484027 Here's a suggestion. When you get together to talk about tax reform, spend some discussing this: <a href="http://nontrivialpursuits.org/Tax_Policy.htm" rel="nofollow">The Progressive Income Tax: Theoretical Foundations</a> It presents the best damned justification you've ever heard for promoting the progressive income tax as "the ideal method of taxation." Here’s a suggestion. When you get together to talk about tax reform, spend some discussing this: The Progressive Income Tax: Theoretical Foundations

It presents the best damned justification you’ve ever heard for promoting the progressive income tax as “the ideal method of taxation.”

]]> By: kindness http://thinkprogress.org/2006/03/22/tax-reform/comment-page-1/#comment-483769 kindness Thu, 23 Mar 2006 15:53:57 +0000 http://thinkprogress.org/2006/03/22/tax-reform/#comment-483769 Duh-oh. sorry, I didn't get to the bottom of your post. Sorry about my Homer moment. Duh-oh. sorry, I didn’t get to the bottom of your post.

Sorry about my Homer moment.

]]> By: kindness http://thinkprogress.org/2006/03/22/tax-reform/comment-page-1/#comment-483768 kindness Thu, 23 Mar 2006 15:53:16 +0000 http://thinkprogress.org/2006/03/22/tax-reform/#comment-483768 Bill, Do you have link for us? Bill, Do you have link for us?

]]> By: Bill http://thinkprogress.org/2006/03/22/tax-reform/comment-page-1/#comment-483668 Bill Thu, 23 Mar 2006 14:39:26 +0000 http://thinkprogress.org/2006/03/22/tax-reform/#comment-483668 I would like to insert an idea into this debate that may not be familiar to many. It is a sweeping tax reform that accomplishes all the positives of the (un)Fair Tax and the Flat Tax (rich man's dream) yet none of the negatives. For this site you should be interesred in the fact that it represents the most progressive tax possible while providing substantial tax relief across the board individual TAX PAYERS and business. The tax is called APT (automated payment transaction) Tax. As you can tell from the name it was thoroughly researched, developed and published in peer review literature (so the unbelieveable figure ARE correct) by a highly credentialed Professor of Economics and Rockefeller Scholar, Dr. Edgar Feige -- no buzz words here just serious data and ideas. This is a transaction tax on every single transaction that occurs in the economy, automatically "sliced" from the proceeds as money moves through every qualified financial institution., in a protected and private manner. Sounds horribly intrusive until you get to the real numbers which, after all is what tax is all about. It's the RATE of 0.3% per side that makes it a thing of beauty for ALL interests (except daytraders and H&R Block stock holders). This is a TOTAL replacement tax for ALL Federal taxation including SS/Medicare. Make it 0.35% per side and we could replace the cumulative sum of ALL state budgets -- if we could agree on a distribution system froma national collection process. At 0.3%, if someone made $100K and moved the same to spending or savings then "churned" their investment accounts for another $100K they would have $300K in transactions and would have had $900 "sliced" from their transactions during the year and not required to file a tax return. The gov't would have it's money immediately and wouldn't bother you one iota. Don't worry the loopholes like cash (2% of all transactions) are covered and the theoretical tax base is cut in half just to accomodate behavioral changes induced by the tax (such as few account transfers) when the 0.3% rate was calculated. This is truly a revolutionary idea with tremendous political power for the brve candidate who will think outside the box. I have been debating this for 2 years and honestly have not experienced a flaw that wasn't easily answered. Before you sound off please go to www.apttax.com and reads the large amount of info there. Especially the FAQ section where I address many of the superficial arguments that have been raised. If you want to adequately fund the gov't -- allow for new programs and achieve the ultimate in progressivity while eliminating the IRS -- this 21st century idea is for you. I would like to insert an idea into this debate that may not be familiar to many. It is a sweeping tax reform that accomplishes all the positives of the (un)Fair Tax and the Flat Tax (rich man’s dream) yet none of the negatives. For this site you should be interesred in the fact that it represents the most progressive tax possible while providing substantial tax relief across the board individual TAX PAYERS and business.

The tax is called APT (automated payment transaction) Tax. As you can tell from the name it was thoroughly researched, developed and published in peer review literature (so the unbelieveable figure ARE correct) by a highly credentialed Professor of Economics and Rockefeller Scholar, Dr. Edgar Feige — no buzz words here just serious data and ideas.

This is a transaction tax on every single transaction that occurs in the economy, automatically “sliced” from the proceeds as money moves through every qualified financial institution., in a protected and private manner. Sounds horribly intrusive until you get to the real numbers which, after all is what tax is all about. It’s the RATE of 0.3% per side that makes it a thing of beauty for ALL interests (except daytraders and H&R Block stock holders). This is a TOTAL replacement tax for ALL Federal taxation including SS/Medicare. Make it 0.35% per side and we could replace the cumulative sum of ALL state budgets — if we could agree on a distribution system froma national collection process. At 0.3%, if someone made $100K and moved the same to spending or savings then “churned” their investment accounts for another $100K they would have $300K in transactions and would have had $900 “sliced” from their transactions during the year and not required to file a tax return. The gov’t would have it’s money immediately and wouldn’t bother you one iota. Don’t worry the loopholes like cash (2% of all transactions) are covered and the theoretical tax base is cut in half just to accomodate behavioral changes induced by the tax (such as few account transfers) when the 0.3% rate was calculated.

This is truly a revolutionary idea with tremendous political power for the brve candidate who will think outside the box. I have been debating this for 2 years and honestly have not experienced a flaw that wasn’t easily answered. Before you sound off please go to http://www.apttax.com and reads the large amount of info there. Especially the FAQ section where I address many of the superficial arguments that have been raised.

If you want to adequately fund the gov’t — allow for new programs and achieve the ultimate in progressivity while eliminating the IRS — this 21st century idea is for you.

]]> By: kindness http://thinkprogress.org/2006/03/22/tax-reform/comment-page-1/#comment-483430 kindness Wed, 22 Mar 2006 23:53:42 +0000 http://thinkprogress.org/2006/03/22/tax-reform/#comment-483430 ThinkProgress has finally made the big time. I saw earlier that this thread was linked by Wonkette. ThinkProgress has finally made the big time.

I saw earlier that this thread was linked by Wonkette.

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