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I think the rich should ABSOLUTELY pay more because the majority of them are selfish and don't care about anybody but themselves! Trust me, if you are a millionaire, it is NOT going to hurt you if you just pay a little more in taxes. I believe that if you are a good and righteous person, you would want to help the poor or people that are less fortunate. It's as simple as that! People need to stop being so selfish.
Due to the enormous corruption and cronyism in our federal government, many wealthy use their expensive lawyers to get out of paying taxes. The current tax code is 70k pages...time for a change.
Let's go to a simple flat tax. That would eliminate the political class' efforts to enrich their donors/owners.
but but but but... What about local taxes? Those poor bastards in cook county Illinois voted for democrats and now have to pay a 10.25% sales tax...I think the rich should ABSOLUTELY pay more because the majority of them are selfish and don't care about anybody but themselves! Trust me, if you are a millionaire, it is NOT going to hurt you if you just pay a little more in taxes. I believe that if you are a good and righteous person, you would want to help the poor or people that are less fortunate. It's as simple as that! People need to stop being so selfish.
The top 10% of wage earners in this country already pay over 70% of the collected income taxes in this country. If that's not enough, then how much more should they pay? 75%? 80%? 95%?
About 45% of our population pays no income tax at all. Maybe it's about time those on the bottom start paying their fare share for a change. And remember, the US is the most generous people in the entire world. We give more of our money to the so-called poor than anybody, and it's not those Wal-Mart people that are giving, it's those greedy millionaires you speak of.
How would your receipts versus expenses change under a Flat Tax system?Due to the enormous corruption and cronyism in our federal government, many wealthy use their expensive lawyers to get out of paying taxes. The current tax code is 70k pages...time for a change.
Let's go to a simple flat tax. That would eliminate the political class' efforts to enrich their donors/owners.
I would be behind a progressive consumption tax, that way everybody has a dog in the race. A flat tax doesn't work for a lot of people. For instance, I'm a landlord and I have tons of expenses I have to write-off. Without those write-offs, I would be forced to sell because the property wouldn't produce any profit. Either that or I would have to raise rents so high that people wouldn't be able to afford to live here.
Crony Capitalism is the failure not the supply side.Worked before
One thing we do know is that Supply Side Economics has been a failure
Due to the enormous corruption and cronyism in our federal government, many wealthy use their expensive lawyers to get out of paying taxes. The current tax code is 70k pages...time for a change.
Let's go to a simple flat tax. That would eliminate the political class' efforts to enrich their donors/owners.
That would be?Due to the enormous corruption and cronyism in our federal government, many wealthy use their expensive lawyers to get out of paying taxes. The current tax code is 70k pages...time for a change.
Let's go to a simple flat tax. That would eliminate the political class' efforts to enrich their donors/owners.
We could go to a simple progressive tax that would be fairer.
That would be?Due to the enormous corruption and cronyism in our federal government, many wealthy use their expensive lawyers to get out of paying taxes. The current tax code is 70k pages...time for a change.
Let's go to a simple flat tax. That would eliminate the political class' efforts to enrich their donors/owners.
We could go to a simple progressive tax that would be fairer.
How would your receipts versus expenses change under a Flat Tax system?Due to the enormous corruption and cronyism in our federal government, many wealthy use their expensive lawyers to get out of paying taxes. The current tax code is 70k pages...time for a change.
Let's go to a simple flat tax. That would eliminate the political class' efforts to enrich their donors/owners.
I would be behind a progressive consumption tax, that way everybody has a dog in the race. A flat tax doesn't work for a lot of people. For instance, I'm a landlord and I have tons of expenses I have to write-off. Without those write-offs, I would be forced to sell because the property wouldn't produce any profit. Either that or I would have to raise rents so high that people wouldn't be able to afford to live here.
You would still be able to account for costs versus revenues under a flat tax system. Unless you are using loop holes, which everyone does, to find ways of paying less tax.
How would this force you to raise rents?
I don't see that as a problem under the Flat Tax. As you would still calculate the final profit the same way with net receipts and expenses anyway.How would your receipts versus expenses change under a Flat Tax system?Due to the enormous corruption and cronyism in our federal government, many wealthy use their expensive lawyers to get out of paying taxes. The current tax code is 70k pages...time for a change.
Let's go to a simple flat tax. That would eliminate the political class' efforts to enrich their donors/owners.
I would be behind a progressive consumption tax, that way everybody has a dog in the race. A flat tax doesn't work for a lot of people. For instance, I'm a landlord and I have tons of expenses I have to write-off. Without those write-offs, I would be forced to sell because the property wouldn't produce any profit. Either that or I would have to raise rents so high that people wouldn't be able to afford to live here.
You would still be able to account for costs versus revenues under a flat tax system. Unless you are using loop holes, which everyone does, to find ways of paying less tax.
How would this force you to raise rents?
Much of the rent collected goes towards bills. Yes, you write that money off because you used the rent money to pay those bills. A flat tax system (the way I've always understood it) would eliminate those write-offs. That means I would have to pay tax on all rental collections even though it merely passed through my hands to another entity. That could put me in a higher tax bracket as well when you add my income from work.
We have several tax rates, I don't follow you.That would be?Due to the enormous corruption and cronyism in our federal government, many wealthy use their expensive lawyers to get out of paying taxes. The current tax code is 70k pages...time for a change.
Let's go to a simple flat tax. That would eliminate the political class' efforts to enrich their donors/owners.
We could go to a simple progressive tax that would be fairer.
Several rates instead of one, but all the complexity that the flat tax removes gets taken out as well.
I can't speak for him................wouldn't want to anyway...........but it would be a progressive Flat Tax based on income..............with those in poverty levels paying no taxes or a very small percentage of taxes.....As the income goes up the bracket percentages change based on income as they do now.................We have several tax rates, I don't follow you.That would be?Due to the enormous corruption and cronyism in our federal government, many wealthy use their expensive lawyers to get out of paying taxes. The current tax code is 70k pages...time for a change.
Let's go to a simple flat tax. That would eliminate the political class' efforts to enrich their donors/owners.
We could go to a simple progressive tax that would be fairer.
Several rates instead of one, but all the complexity that the flat tax removes gets taken out as well.
I don't see that as a problem under the Flat Tax. As you would still calculate the final profit the same way with net receipts and expenses anyway.How would your receipts versus expenses change under a Flat Tax system?Due to the enormous corruption and cronyism in our federal government, many wealthy use their expensive lawyers to get out of paying taxes. The current tax code is 70k pages...time for a change.
Let's go to a simple flat tax. That would eliminate the political class' efforts to enrich their donors/owners.
I would be behind a progressive consumption tax, that way everybody has a dog in the race. A flat tax doesn't work for a lot of people. For instance, I'm a landlord and I have tons of expenses I have to write-off. Without those write-offs, I would be forced to sell because the property wouldn't produce any profit. Either that or I would have to raise rents so high that people wouldn't be able to afford to live here.
You would still be able to account for costs versus revenues under a flat tax system. Unless you are using loop holes, which everyone does, to find ways of paying less tax.
How would this force you to raise rents?
Much of the rent collected goes towards bills. Yes, you write that money off because you used the rent money to pay those bills. A flat tax system (the way I've always understood it) would eliminate those write-offs. That means I would have to pay tax on all rental collections even though it merely passed through my hands to another entity. That could put me in a higher tax bracket as well when you add my income from work.
Not really..............business tax versus wage taxation is a different animal.I don't see that as a problem under the Flat Tax. As you would still calculate the final profit the same way with net receipts and expenses anyway.How would your receipts versus expenses change under a Flat Tax system?Due to the enormous corruption and cronyism in our federal government, many wealthy use their expensive lawyers to get out of paying taxes. The current tax code is 70k pages...time for a change.
Let's go to a simple flat tax. That would eliminate the political class' efforts to enrich their donors/owners.
I would be behind a progressive consumption tax, that way everybody has a dog in the race. A flat tax doesn't work for a lot of people. For instance, I'm a landlord and I have tons of expenses I have to write-off. Without those write-offs, I would be forced to sell because the property wouldn't produce any profit. Either that or I would have to raise rents so high that people wouldn't be able to afford to live here.
You would still be able to account for costs versus revenues under a flat tax system. Unless you are using loop holes, which everyone does, to find ways of paying less tax.
How would this force you to raise rents?
Much of the rent collected goes towards bills. Yes, you write that money off because you used the rent money to pay those bills. A flat tax system (the way I've always understood it) would eliminate those write-offs. That means I would have to pay tax on all rental collections even though it merely passed through my hands to another entity. That could put me in a higher tax bracket as well when you add my income from work.
Well then it's not really a flat tax system then. Those deductions are still write-offs and have to be itemized for the IRS. In other words, nothing would change. A flat tax system is designed to eliminate those write-offs so everybody is on the same playing field. That's why I brought up the idea of a progressive consumption tax. There are a lot of people who don't pay any kind of tax at all. Many of them are in fields of work that are illegal or under the table. A consumption tax hits everybody whether you're a school teacher or a prostitute because we all need to buy things.
