jingo2 said:Me, I'm for it.
I've always been one to pay my bills as they come due....not pass them along to others.
hypocritexposer said:Who will pay the tax? anyone/everyone who is protected by the military?
I pay my bills....do you not pay yours?
jingo2 said:hypocritexposer said:Who will pay the tax? anyone/everyone who is protected by the military?
The citizens of the USA.
If you have private security you have to pay them.
You pay taxes for your local law to protect you
Why not pay for what you use instead of being a leech and expecting others to pay it for you?
I pay my bills....do you not pay yours?
jingo2 said:So by that statement you don't want to pay your fair share and have well compensated soldiers and no war debt?
jingo2 said:So by that statement you don't want to pay your fair share and have well compensated soldiers and no war debt?
GOP senators on Tuesday highlighted “pure waste” in the billions of stimulus funds spent this year, including money for fossil research in Argentina, puppet shows
History of the Estate Tax
Congress passed the Stamp Act of 1797, which required citizens to purchase federal stamps on wills and estate. This first estate tax -- nobody called it a death tax back then -- raised funds to improve our navy. Once the French threat subsided, the tax was repealed in 1802.
Prior to 1916, death taxes were enacted temporarily to raise funds for a specific purpose. For example, the first version of the estate tax was enacted by Congress in 1797 to fund the formation of the American Navy. The Revenue Act of 1862 enacted an inheritance tax and introduced a gift tax for the first time in order to fund the Civil War effort. The War Revenue Act of 1898 implemented an inheritance tax of .74%.to 15%, which was used to fund the Spanish-American War.
In 1916, as the nation was gearing up for World War I, the Revenue Act of 1916 levied taxes ranging from 1 percent -- after a $50,000 exemption -- up to 10 percent for estates valued at over $5 million. The following year, the top rate was boosted to 25 percent on estates above $10 million. In 1926, with the War to End All Wars a fading memory, the estate tax was lowered -- but not entirely eliminated.
The next national crisis was not military but economic. And during the New Deal, Franklin D. Roosevelt repeatedly raised the estate tax to fund efforts to combat the Great Depression.
After World War II, in a marked contrast from previous war-to-peace transitions, estate taxes were not repealed. Throughout the Cold War, the revenues collected from such highly progressive taxes helped fund a state of permanent mobilization. For nearly 45 years, the nation expanded its infrastructure, boosted defense spending, and engaged in a series of military efforts aimed at containing the Soviet Union and its allies.
The history of federal estate taxes indicates that the U.S. government has used estate taxes as a source of revenue during tough economic times and war.
jingo2 said:So by that statement you don't want to pay your fair share and have well compensated soldiers and no war debt?
hypocritexposer said:jingo2 said:So by that statement you don't want to pay your fair share and have well compensated soldiers and no war debt?
That's not what I was saying at all.
Pay for the war through savings from cutting out the waste.
No more puppet shows, payed for by tax dollars.
GOP senators on Tuesday highlighted “pure waste” in the billions of stimulus funds spent this year, including money for fossil research in Argentina, puppet shows
Sell war bonds. That way the Government does not go further in debt.
Do you really trust the Government to spend a war tax on the war, and to discontinue it after the war is finished?
Do you spend all your household income on luxuries (puppet shows) every month, and then ask your employer for a raise (tax) to pay the mortgage and utilities (essentials)? Is that how you are suggesting the Country be managed?
hurleyjd said:Sell war bonds. That way the Government does not go further in debt.
Is this not debt maybe I do not understand bonds. I thought they had to be paid at some time.
I think during the Vietnam war there was a sur-tax instigated to fund some of it. This might be an idea, maybe all of us need to sacrifice instead of all of the servicemen and women we have asked to.
hypocritexposer said:hurleyjd said:Sell war bonds. That way the Government does not go further in debt.
Is this not debt maybe I do not understand bonds. I thought they had to be paid at some time.
I think during the Vietnam war there was a sur-tax instigated to fund some of it. This might be an idea, maybe all of us need to sacrifice instead of all of the servicemen and women we have asked to.
Sorry Hurley, I meant debt to Foreign lenders. Yes it would be a debt, but to Americans willing to buy an investment. Nothing wrong with paying interest to citizens, instead of China.
jingo2 said:hypocritexposer said:hurleyjd said:Sell war bonds. That way the Government does not go further in debt.
Is this not debt maybe I do not understand bonds. I thought they had to be paid at some time.
I think during the Vietnam war there was a sur-tax instigated to fund some of it. This might be an idea, maybe all of us need to sacrifice instead of all of the servicemen and women we have asked to.
Sorry Hurley, I meant debt to Foreign lenders. Yes it would be a debt, but to Americans willing to buy an investment. Nothing wrong with paying interest to citizens, instead of China.
Hypocrit...you are pretty wishy-washy here.
Can you not give a one word answer?
In a bold but risky year-end strategy, Democrats are preparing to raise the federal debt ceiling by as much as $1.8 trillion before New Year’s rather than have to face the issue again prior to the 2010 elections.
Hoyer’s comments are the clearest yet on the scale of the increase and the expectation that it will be part of a larger year-end legislative train pulled along by the must-pass military bill.
The appropriations bill is opposed by most Republicans. It awards domestic programs and foreign aid considerable funding boosts and also provides money for more than 5,000 home-state pet projects pushed by lawmakers.