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What is a fair tax rate? !
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.
Why?
Because the nature of all progressive tax systems is that the wealthier pay a slightly higher percentage of their income - which translates into a very significant amount per capita in actual dollars.
Thus flattening the tax base will actually mean the tax of the average income bracket needs to rise.
It works in transitioning economies only because the people at the bottom have lived in such astonishing poverty that they drag the average income down.
For the US government to function as it does now, a flat tax rate might average out at around 30%, I suspect.
That alone would tip another million Americans into poverty.
That'd be zero.A fair rate would be one where everybody pays either the exact same percentage or the exact same actual dollar amount.
Pick one.
But then politicians and bureaucrats would actually have to exercise fiscal restraint, and we just won't have any of that.
Wow...another person who does not use or want sewerage, roads, street lighting, police, immigration & customs services or schools.
Who knew so many Americans lived in caves?
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!
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!
WTF?? You want to steal 35% of someone's HARD earned money to fund your liberal trash like ABORTION, SOLYNDRA, overseas refineries, Overseas Mosques, Media Matters, ACORN.. etc.. You're nuts!
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!
WTF?? You want to steal 35% of someone's HARD earned money to fund your liberal trash like ABORTION, SOLYNDRA, overseas refineries, Overseas Mosques, Media Matters, ACORN.. etc.. You're nuts!
Romney pays 14% on his taxes.
I pay 25%.
This is the real redistribution of wealth in America.....welfare for the wealthy.
Waaaaaaaaaa.. Cry me a river. Stop coveting other people's money. Get off of your dead flat ass and work 2 jobs if necessary, you damn whiner.
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!
WTF?? You want to steal 35% of someone's HARD earned money to fund your liberal trash like ABORTION, SOLYNDRA, overseas refineries, Overseas Mosques, Media Matters, ACORN.. etc.. You're nuts!
I agree that she is wrong.
But I am sure you want to confiscate, steal and plunder in order to fund your conservative trash such as Iraq, AfPak, Iran and to continue incarcerating Americans because they use "drugs" - 2,400,000 inmates thus far.
.
Yeah... GOOD. GREAT. AWESOME. Assuming of course it's because we aren't starting unnecessary wars and giving out money to countries that... Frankly don't deserve it.I dont really want to insult you off the bat.
But where the hell do you get the Idea that the citizens should give more then ten percent,
Most work to live nopt live to support fat asses in government.
I did catch right off the bat you are a discriminating weasel.....
Becaue I think most people want the US to survive.
At a flat tax rate of 10%, the US will cease to exist in its current form.
Romney pays 14% on his taxes.
I pay 25%.
This is the real redistribution of wealth in America.....welfare for the wealthy.
Romney pays 14% on his taxes.
I pay 25%.
This is the real redistribution of wealth in America.....welfare for the wealthy.
Romney pays 14% on his taxes.
I pay 25%.
This is the real redistribution of wealth in America.....welfare for the wealthy.
Oh and Sean Connery hits his wife.
lol!! Too funny! o.0Before we can decide on a tax %, we need to decide just what the governments job is. I think the government has four jobs. 1) represent the USA on the world stage. 2) coin money. 3) protect our borders (military). 4) maintain a equal playing field for every citizen (supreme court). Of course there are operating costs to go along with this, salaries of gov't employees and such. Once we find out how much all of this costs we set the tax rate accordingly. Set tax to a flat rate no deductions to cover the costs.
Government employees, to include senators and representatives, should be paid what the average income for their district is. Readjusted every term. If the people in your district get an increase in their salaries you get a raise, if they go down you loose income right along with them. That is fair.
Before touching social security and medicare / medicade, we need to do away with all the non essentials. Non essentials being overseas military bases (except Germany). Lowering salaries of government employees to above standards. There are so many others to list, but you get the idea. Remove the federal government and replace it with state government, I believe our state taxes should be higher than our federal taxes anyway.
I find it interesting that many Libertarians who so value the founding fathers completely ignore that they specifically had the debate about the value of public education and the role of government such as Federal land grant schools.
Our founding fathers were not as convinced as to the role of private markets as today's libertarians
I'm sorry... Eh... What is your point? What did the founding fathers come up with, and how is that different from a libertarian?
When the income tax was rammed up America's ass in 1913, the people who said it would eventually climb to 10% or more were poo-pooed as alarmists....Now we have so-called "conservatives" (whatever the hell that's supposed to mean anymore) perfectly comfortable floating goofy flat tax and "fair tax" schemes that have no problem fleecing the populace at rates of 15%-20% and more.15% flat tax across the board. No deductions. Everyone pays the same rate. That is true equality.
Federal.Romney pays 14% on his taxes.
I pay 25%.
This is the real redistribution of wealth in America.....welfare for the wealthy.
Yes but he paid 3 million dollars and that is just income tax.
State.All his properties are taxed his vehicles are taxed. He pays more in one year then you'll make or pay in a lifetime.
hmm... I'll look into that. Might be something else that Libertarians and I disagree on.o.0I find it interesting that many Libertarians who so value the founding fathers completely ignore that they specifically had the debate about the value of public education and the role of government such as Federal land grant schools.
Our founding fathers were not as convinced as to the role of private markets as today's libertarians
I'm sorry... Eh... What is your point? What did the founding fathers come up with, and how is that different from a libertarian?
The founding fathers were pro public education. The theory is to provide a platform for all to be successful and they believed government at all levels played a role. Generally today's libertarians reject public education in favor of a market based approach.
Why?
Because the nature of all progressive tax systems is that the wealthier pay a slightly higher percentage of their income - which translates into a very significant amount per capita in actual dollars.
Thus flattening the tax base will actually mean the tax of the average income bracket needs to rise.
It works in transitioning economies only because the people at the bottom have lived in such astonishing poverty that they drag the average income down.
For the US government to function as it does now, a flat tax rate might average out at around 30%, I suspect.
That alone would tip another million Americans into poverty.
The reason the top eschelon would like a flat tax is that people in poverty who are already paying payroll taxes, state taxes, federal excise taxes, fees on every service they have not to mention tax on every gallon of gas they burn would have to start paying an income tax and effectively pay more than millionaiures...and their accountants. Don't ever trust a rich son-of-a-bitch.....they're already crooked.
