Proposing new taxes... 70%?
- Thread starter tlwwake
- Start date
I worked for every penny I have ever earned. If being born in this country guaranteed you any money why do we have poor, starving, homeless people in America?
this is how goalposts get moved
you end up justifying your existence
to some dumass who thinks
you owe them
don’t even engage this $ht
you end up justifying your existence
to some dumass who thinks
you owe them
don’t even engage this $ht
I personally roofed my house every single shingle. I couldn't have done with out a hammer though. Also not everyone that has a hammer is able to or chooses to roof their house.
Success is a combination of work, abikty, resources and context. Steve Jobs couldn't have been the success he was if there wasnt legions of well educated engineers and millions of customers with disposable income.
It's all you buddy. You don't benefit from America at all.
Hey if you need to make excuses for not being successful to sleep at night, you have succeeded at that at least.
American society is amazing because it allows people with reading comprehension as bad as your's to purport to be successful on the internet.
Comprehension tells me that if you didn't have a hammer you would rather sit there and wait for someone to give you a hammer than get off your ass and go get a ****ing hammer.
You sound like you believe that most of us think that there should be no taxation since we think that hitting a segment up for 70% of their cash is unfair to that group
I can tell you there were two loopholes that the latest tax plan closed that I used to take full advantage....and they were very material.
Not just go get it for you but take it from someone else to give to him.
I get that.
I’m not talking about deductions that the middle and lower class, for the vast majority, use. I’m talking about the actual loopholes for the rich.
Some people were challenging the justness of income taxes on principle.
What is you philosophy on what determines the fairness of tax policy?
I don't think too many poor or middle class people understand the rich...thus envy and coveteness. They see the fruit of their labor and don't feel like they deserve it since they don't have it themselves. The rich that many want to tax out-the-wazoo are the ones that create, hire and build. The vast majority of these people are trying to make more money (investing and growth) as opposed to what the lower income mentality is...say lottery dreamers...buy fancy houses, cars, and smoke big cigars. Penalizing success to reward those that aren't is a bad recipe.
I am a flat tax person. I truly believe that everyone needs to be financially invested in the services that our state and the federal government provides
I get it that the poor will have to pay in, which will be a change from the present.
I should have noted that when I said that I like the flat tax, that I also want ZERO exemptions, itemized deductions, loop holes...
The tax rate should be simple and should be equally applied to everyone
I lean towards a national sales tax and abolition of the income tax and IRS.
Still disproportionately benefits the rich...
https://www.thoughtco.com/intro-to-the-fair-tax-act-of-2003-1146360
Real issue is that people see rich and think P. Diddy, Bill Gates, etc, who have 10K hotel bills, fly private jets, and make millions in options and golden parachutes and are generationally wealthy. But then when the tax laws are written, they actually target the hard working middle class that has successfully climbed out of the cellar and may make a comfortable 6 figures but aren't "Daddy Warbucks" rich. All that does is simply bring down those who've achieved a comfortable lifestyle and raises that bar for everyone. What's even worse, is that this idea that these taxes are needed are fostered onto us by those who are in that first category.
Almost all exemptions, loopholes and deductions that are abused are applied to at the income level not on the taxation level.
The problem with a flat tax is it treats every dollar the same, when in reality the marginal utility of each additional dollar is diminishing. A progressive tax structure attempts to maximize utility for a given revenue level. A 25% tax on my first 10K hurts a lot more than a 25% tax on the last 10K of a 1MM income.
So really your quibble is where the brackets break down? 70% on all income over 1 million work for you?
If that's your position, I am interested to hear what percentage of someone else's money are you entitled to?
I agree with this and why I believe the first 25k (or some amount) should be tax free in a flat tax scheme.
That's not my quibble at all. My quibbles are
1) that the government continues to expand its reach and require more taxes to pay for services that it should never be in the business of. (Free college, free pre-school, free lunches, free cell phones, free medical, just free shit. Dems have come a LONG ASS WAY from "Ask not what your country can do for you".
2) that the government considers different incomes differently and thus places the burden of paying for all this free shit on the working class while criticizing the vices of the wealthy class as if they were one and the same.
3) that to hide the economic costs of all of these programs, they structure impact and utilize debt to finance operational activities to kick the can down the road to future generations (or electorates) to deal with when it comes to negative consequences. (Btw, both parties do this > All of the worst provisions in ObamaCare (such as the Cadillac tax) kicked in after 2016 when Obama would no longer be president as one example, and for the opposite, the President's tax cut plan actually rolls back all of the non-corporate rate cuts starting in 2024 so that next president can deal with it). They do this knowing that if they had to actually Pay as you go and work on a budget, that the country would revolt against the shit they do.
Why the insistence on a flat tax though if you recognize the diminishing utility of a dollar?
I think it is just fundamentally fairer even though I agree that Bill Gates last 10k tax rate means absolutely nothing to him.
