Tax Rates

#2
#2
I think basic comprehension is severely lacking in this country. The term rate is not difficult to understand.
 
#3
#3
It's too fair and too simple. There wouldn't be anything for the overpaid baffoons up there to do if it was all fair and equal.

Obama wouldn't be able to mention coorperate jets everytime he opened his mouth.

Congress couldn't figure out new and improved ways to screw us all.

It would put poeple out of work dadgummit.
 
#4
#4
It isn't unfair. However, if we are to have an income tax, we must make a moral judgment as to whether we should tax someone when it could cost them "essentials" such as food, clothing, and shelter.

I think we should have a single standard deduction for individuals then a lesser one for dependent children or the elderly. Perhaps $30K for each non-dependent adult then an additional $10K for each dependent. Two people living together with 3 kids would then have a $90K deduction and pay 20% of all marginal income above that level. You make $100K combined... you pay $2k in taxes. You make $1.1 million... you pay $202K.

You could have a similar system for corporate taxes that took .5% of gross revenue with no deductions. Companies could gain ALOT of efficiencies if every financial decision weren't shaded by tax implications.
 
#6
#6
sjt18 said:
It isn't unfair. However, if we are to have an income tax, we must make a moral judgment as to whether we should tax someone when it could cost them "essentials" such as food, clothing, and shelter.

I think we should have a single standard deduction for individuals then a lesser one for dependent children or the elderly. Perhaps $30K for each non-dependent adult then an additional $10K for each dependent. Two people living together with 3 kids would then have a $90K deduction and pay 20% of all marginal income above that level. You make $100K combined... you pay $2k in taxes. You make $1.1 million... you pay $202K.

You could have a similar system for corporate taxes that took .5% of gross revenue with no deductions. Companies could gain ALOT of efficiencies if every financial decision weren't shaded by tax implications.
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That's what a minimum wage is for
 
#7
#7
Cartervol said:
It's too fair and too simple. There wouldn't be anything for the overpaid baffoons up there to do if it was all fair and equal.

Obama wouldn't be able to mention coorperate jets everytime he opened his mouth. Congress couldn't figure out new and improved ways to screw us all.

It would put poeple out of work dadgummit.
Click to expand...

Tax rates not being equal has ABSOLUTELY nothing to do with Obama. You realize it isn't a new concept by any means, right?
 
#8
#8
LowerTaxesForDummies500.gif
 
#12
#12
BelAirVol said:
Tax rates not being equal has ABSOLUTELY nothing to do with Obama. You realize it isn't a new concept by any means, right?
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when he constantly uses them to vilify a group of people it's kind of hard to separate him from them
 
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