Skull Pilot
Diamond Member
- Nov 17, 2007
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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.
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.