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Facts prove the effective tax rate is higher on the middle class than the top 1% thanks to loopholes. Tax brackets are a gimmick to fool the uneducated masses into thinking they are not actually in fact subsidizing the top 1%.
Subsidizing? Not really. Hell I could say I'm subsidizing everyone with kids because I pay more taxes simply because I don't have children.
. I don't disagree. In fact I have been a proponent for a flat tax on gross income at a single rate regardless of the source for a long time. But I don't think any income should be exempt from income taxes. You aren't exempt from gas taxes, property taxes, sales taxes so why should any of your income be exempt from income tax?
Funding your own business with your IRA is an expensive hassle. Why did they make it so cheap & easy to fund the rich corps but a nightmare to fund your own? That cuts into my profits. Just let us wright off the first $30k capital gains so we can grow the business.
You said it couldn't be done but it can.
Please..I beg you all....forget arguing about income tax, capital gains tax, payroll tax, Social security tax, and think outside the box.
ALL taxes are paid by the consumer...PERIOD. If you think raising income taxes on just one class and subsidizing other is going to help anything your wrong.
Think no tax on wages at ALL...no minimal wage. ONE flat rate consumption tax on everything.
Fair AND Simple, Baby!Subsidizing? Not really. Hell I could say I'm subsidizing everyone with kids because I pay more taxes simply because I don't have children.
. I don't disagree. In fact I have been a proponent for a flat tax on gross income at a single rate regardless of the source for a long time. But I don't think any income should be exempt from income taxes. You aren't exempt from gas taxes, property taxes, sales taxes so why should any of your income be exempt from income tax?
You said it couldn't be done but it can.
Please..I beg you all....forget arguing about income tax, capital gains tax, payroll tax, Social security tax, and think outside the box.
ALL taxes are paid by the consumer...PERIOD. If you think raising income taxes on just one class and subsidizing other is going to help anything your wrong.
Think no tax on wages at ALL...no minimal wage. ONE flat rate consumption tax on everything.
That's fine as long as it's simple. i don't care for the Fair Tax because of the complexity of the so called prebates.
What's the sense of charging a high rate like 25% only to give some of it back to people?
It's wasteful. Just lower the rate and get rid of all the other crap.
I suspect if you use a fair tax rate, many people will up their contributions to charity. The poor will be taken care of by local people who know the needs better.
I suspect if you use a fair tax rate, many people will up their contributions to charity. The poor will be taken care of by local people who know the needs better.
Mostly I think we need to send them a message that America no longer buys the description "job creator" when referring to them and would like them to pay back some of the tax breaks we gave them to create some jobs, the ones they created in China don't count.
You want to send them a message that America no longer thinks of them as a "job creator"?
First of all, who are the "rich"? Secondly, if it is not the "rich" then who creates jobs?
And lastly, assuming the "rich" do not create jobs, are taxes merely a means of punishment for them or are you really concerned with the rising debt?
I assum you don't want "average folk" to pay more in taxes, or do you?
You assume a lot.
They have been telling us for thirty years to expect less and less for our labors, less medical coverage, less pensions, less hope for our children while we pay more and more for their energy, their food, their medicine, never mind the luxuries on life. The super rich have manipulated the government and the economy to serve their interests at our expense and like gangsters taxation is the sole leverage we have in this situation, it's time to use it like it was meant to. If the mere run of the mill wealthy have to pay for the abuses of the billionaires, well I really can't work up a lot sympathy for them when wages have been flat for thirty years and our industrial base was sold to China for short term gain.
Mostly I think we need to send them a message that America no longer buys the description "job creator" when referring to them and would like them to pay back some of the tax breaks we gave them to create some jobs, the ones they created in China don't count.
Flat tax on all incomes above a certain amount, including capital gains and dividends. Exempt the first $X and flat tax thereafter. The system remains progressive, loopholes are removed and the wealthy will pay more.
Flat tax on all incomes above a certain amount, including capital gains and dividends. Exempt the first $X and flat tax thereafter. The system remains progressive, loopholes are removed and the wealthy will pay more.
I'd be all in on that one... everybody's got skin in the game. Everybody.
You want to punish investment?Flat tax on all incomes above a certain amount, including capital gains and dividends. Exempt the first $X and flat tax thereafter. The system remains progressive, loopholes are removed and the wealthy will pay more.
I'd be all in on that one... everybody's got skin in the game. Everybody.
Flat tax on all incomes above a certain amount, including capital gains and dividends. Exempt the first $X and flat tax thereafter. The system remains progressive, loopholes are removed and the wealthy will pay more.
Flat tax on all incomes above a certain amount, including capital gains and dividends. Exempt the first $X and flat tax thereafter. The system remains progressive, loopholes are removed and the wealthy will pay more.
Flat tax on all incomes above a certain amount, including capital gains and dividends. Exempt the first $X and flat tax thereafter. The system remains progressive, loopholes are removed and the wealthy will pay more.
I'd rather see a lower tax on every dollar earned regardless of its source.
Why should some people be exempt from income tax?
Get rid of all deductions, exemptions and tax credits and charge a low flat rate on every dollar earned including corporate incomes.
Flat tax on all incomes above a certain amount, including capital gains and dividends. Exempt the first $X and flat tax thereafter. The system remains progressive, loopholes are removed and the wealthy will pay more.
I'd rather see a lower tax on every dollar earned regardless of its source.
Why should some people be exempt from income tax?
Get rid of all deductions, exemptions and tax credits and charge a low flat rate on every dollar earned including corporate incomes.
