Humble_Opinion wrote:
That whole 14% tax rate argument is flawed. The Capital Gains Tax is as close to double taxation as the Death Tax. Any money he invested initially was subjected to the Federal Income Tax the year that he made it. He now pays an additional 15% on the interest of that initial investment.
Regarding Newt I have no clue how he gets away with only paying $20k. I'm not a lawyer, but it could be that because when the amount of alimony was set, his pay was much less than it is now. I could be wrong though.
Finally, while I like some of Paul's ideas on state's rights, taxation, and the economy as a whole; his lack of coherence on foreign policy and national defense scare me. The one department that needs all the money it can get is the Department of Defense. There should not be any cuts on that department ever. Ensuring that we have the best trained, best equipped military in the world forever costs money.
I see Lib has trained you well. I totally disagree with the double tax in the sense you are describing it. I fail to see how putting your money to work and earning income is different from a factor worker at Ford working a shift. They are both producing new income to the individuals. However IMO if you have income you should be taxed at a flat rate, this would include you broke college students who think it's so great when you prepare your taxes because you get some of my money (you're welcome) and Mr. Romney who is able to pay less (as a %) then my wife and I.
If you wanted to argue double taxation you could argue that corporations have already paid the tax so stock owners shouldn't be taxed again. This would be your argument if you wanted to talk about double taxation, but you really don't want to do that and involve the fallacy of corporate taxes (see
http://www.bloomberg.com/news/2010-10-2 ... holes.html).
Newt I agree idk how he gets away with that small a payment. But from him I don’t expect anything less.
As for the military funding, everything needs limits, everything. The military is a government entity and as such is prone to waste (sometimes massive waste). What would possibly make the military immune to this government flaw? I guess the real question is do we need to be involved in every problem around the world (because we are the biggest kid on the block) or should we focus on our own problems? Given what you said it is interesting how many active military personal support Ron Paul. I'd think they may have an inside look at the situation.