What is a fair tax rate?

Discussion in 'Politics' started by Saigon, Sep 22, 2012.

  1. Saigon
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    Saigon Gold Member

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    OK, we'd all like to pay 0%, but what tax rates do you think would be fair - and sustainable?

    For simplicity, I've broken it down here into these main categories:

    Low income 20%
    Middle income 27.5%
    High income 35%

    Corporate tax 30%

    VAT 15%

    Tax on dividends & shares 25%

    Any other major tax categories needed?

    My plan is to raise income for the state with a VAT, which will hit the shadow economy and mean even drug dealers are paying some tax.

    With that extra income I can then trim corporate taxes.

    Feel free to add more details in - I did this very quickly!
     
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    Last edited: Sep 22, 2012
  2. SuMar
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    SuMar VIP Member

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    Flat tax across the board...
     
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  3. Saigon
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    Saigon Gold Member

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    It's a nice idea...but it doen't actually work in practice. At least, not in a balanceed economy.

    It has been popular in the post-Soviet economies, because they lack a middle class and the flat tax serves the interests of the all-powerful aristocracy, but it would be disastrous in any western country.
     
  4. Obamanation
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    Obamanation Silver Member

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    10% --- no more


    The fed gov't should be able to take care of ALL their business on 10%
     
  5. Obamanation
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    Obamanation Silver Member

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    No IRS, no loopholes -- no issues

    TEN PERCENT!! NO MORE!!!
     
  6. Saigon
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    Saigon Gold Member

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    Obamanation -

    In which countries has this model worked?
     
  7. Obamanation
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    Obamanation Silver Member

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    Who cares???

    10% is plenty of money to run the gov't and protect the people... Everything else is just poorly spent money. What does the gov't do better than the private sector?

    Private education is cheaper
    saving for retirement on your own pays better
    Mail

    the basic rule of thumb for any society is that if you really want it screwed up, put the gov't in charge.

    TEN PERCENT --- your question is what is fair thats it 10%
     
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  8. Saigon
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    Saigon Gold Member

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    Unfortunately no country in the world has ever been foolih enough to try the idea, and I think most of us undertand why not.

    The US would be bankrupt within a month.
     
  9. Obamanation
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    Obamanation Silver Member

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    ummm, not if they quit wasting money by the barrell. cut spending...

    I'd even agree to 20% - 10% to run the gov't and 10% to pay off the debt --- of course, once the debt is paid off we would GET RID OF THE EXTRA 10%...
     
  10. Saigon
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    Saigon Gold Member

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    Obamanation -

    The only way that would in any be feasible would be if either the military, healthcare, education or welfare systems were abandoned outright. Possibly more than one of those would need to be closed, I suspect.

    I can imagine how great it would look on the TV news if we had eighty-year-old Grandmas and Autistic children starving in the streets because you wanted that second home in the Hamptons.
     

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