Skull Pilot
Diamond Member
- Nov 17, 2007
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back in 1962 the top tax rate was 91%
yeah and JFK slashed that rate and the government revenue from taxes went UP
imagine that
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back in 1962 the top tax rate was 91%
Yes.
Tax policy has to be equitable. No one can be taxed at a rate which places more burden on him than on anyone else. Flat taxes and sales taxes both place more burden on the poor than the rich.
No. Tax policy does NOT have to be "equitable" in the silly way YOU define it.
Perfection not required.
If I make 10 times more than you, and I pay ten times the amount of taxes, that is another definition of "equitable."
And the sales tax is not only a vastly superior idea in terms of the ability of people to calculate true costs (and in terms of societal efficiencies), it is also equitable in the sense that if I spend a lot more, I PAY a lot more in taxes. Simplicity.
Your 90% tax rate figure is facially retarded, either way.
Equity is one of the primary goals of policy formation. Progressive income taxes are fundamentally equitable because the burden of taxation is laid more heavily on those who can bear it.
Sales and flat tax schemes, while they may tax everyone at the equal rates, unfairly spread the burden of taxation. The poor who pays 100 in sales taxes on the things he buys feels the burden much more than does the rich man who buys the same things and pays the same tax. The poor man's $100 is a much bigger part of his resources than it is of the rich man's.
No moral nation can impose flat or sales taxes on its citizens.
back in 1962 the top tax rate was 91%
would you be willing to go out and work for a dollar and give me 91 cents? Say yes. Pretty please say yes. and get 150 million of your friends to say yes.
If he earned the income with full knowledge of the tax liability, his willingness may be assumed.
How about a flat 10% income tax with a SINGLE DEDUCTION of $85,000? This way it is not complicated and the vary poorest don't have to pay them.
Thank you, Friedrich Engels.We need a steeply progressive income tax with a maximum rate of over 90%. We also should consider taxing income from different sources at different rates. Those who perform vital services wouldn't pay as much as those who don't.
How about a flat 10% income tax with a SINGLE DEDUCTION of $85,000? This way it is not complicated and the vary poorest don't have to pay them.
We need a steeply progressive income tax with a maximum rate of over 90%. We also should consider taxing income from different sources at different rates. Those who perform vital services wouldn't pay as much as those who don't.
I mentioned the first 85,000 won't get taxed so how can anyone say that poor will get taxed more disproportionate to their income? Those who make below this amount won't get taxed so the poor and middle-class won't get taxed.
I'd agree with a flat tax if it taxes EVERY DOLLAR. No deductions, no deferrals, no write-offs
Make the rich pay taxes on all their income and they will scream to return to the old tax code
God only asks for 10%. I dont see why the government should get more.
I mentioned the first 85,000 won't get taxed so how can anyone say that poor will get taxed more disproportionate to their income? Those who make below this amount won't get taxed so the poor and middle-class won't get taxed.
I'd agree with a flat tax if it taxes EVERY DOLLAR. No deductions, no deferrals, no write-offs
Make the rich pay taxes on all their income and they will scream to return to the old tax code
So the guy working 2 part time jobs as a basic laborer making $20,000 a year gets to pay $2000 income tax? I suppose you could call that fair. But it would starve a lot of people.
Why shouldn't they?...You seem to think your rank ignorance is relevant.God only asks for 10%. I dont see why the government should get more.
Your religious views have no bearing on this decision.