Skull Pilot
Diamond Member
- Nov 17, 2007
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A person with no work record and a successful dib claim gets $8,088 per year in federal welfare SSI. That's the minimum amount the federal government believes an American can survive on.
It just seems stupid to me to tax a guy earning $7,000 per year and then come back with a welfare check so he can survive. On the other hand, not letting EVERYone earn their first 7 grand or 10 grand (or whatever) free of federal income taxes would be blatenly unfair.
I apologize. I misunderstood what you were saying.
My feeling is this...and it is off the cuff but based on my understanding of what is needed to survive...
and I am referring to a flat tax of somewhere between 9-12%
Single......12K or less....no Fed Tax.
Married file jointly.....20K no fed tax
Income earners between 20K and 50K only pay tax on the 20K above the base of 20K
Income earners 50K-75K only pay taxes from 15K and up
Income earners 75K and more....taxes on all income
Income is to include all income including cap gains.
I know...sounds dumb...got any better ideas?
Why so many levels of taxation? As far as I'm concerned, the simpler the better.
Everyone (including pieces of paper that can open bank accounts) pays 15% income tax on income in excess of $20,000 per year and a 2% sales tax. No deductions (except payroll), no bullshit.
Simple. Fair. Predictable. What more does a free market want?
Married, single, non-human corporation? Doesn't matter.
You want kids? They're fun, but they're gonna cost you!
Don't want to pay taxes? Limit your earnings to >$20k and don't buy anything.
If a business can only deduct payroll and not other expenses accrued in the production of goods then you will see the costs of goods rise significantly.