conserv.pat15
Banned
- Joined
- Jan 17, 2006
- Messages
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- Very Conservative
Do you think our tax system is fair?
conserv.pat15 said:Do you think our tax system is fair?
M14 Shooter said:No.
Everyone should have their income taxed at the same rate.
Stace said:Are you kidding? You think that someone that makes $10,000 a year should be taxed the same amount as someone that makes $100,000 a year?
conserv.pat15 said:Yes... the same RATE. What is unfair about that?
Kandahar said:I recommend everyone read Flat Tax Revolution by Steve Forbes. It is an eloquent description of the many, many reasons that we should scrap our current tax system entirely and start anew with a flat tax. Under Forbes' plan, all income would be taxed at the same amount (he suggests 17%) and would allow generous personal deductions (a family of four would pay no tax on their first $46,000 of income).
Instituting a flat tax is one of the single most beneficial policy changes that our federal government could make.
Stace said:Are you kidding? You think that someone that makes $10,000 a year should be taxed the same amount as someone that makes $100,000 a year?
Vandeervecken said:I do. Anything else is unfair. You should not be penalized for being successful.
However I favor what is called the modified flat tax. I believe a tax rate should be set that all pay the same, and that the first $25,000 to $35,000 that an person makes should be tax-free.
That way everyone in the nation pays exactly the same and everything is fair, and it takes away the concerns of the seemingly regressive nature of a straight flat tax. No deductions of any kind allowed other than that one. Our tax forms would be a simple post-card.
Stace said:Are you kidding? You think that someone that makes $10,000 a year should be taxed the same amount as someone that makes $100,000 a year?
conserv.pat15 said:Do you think our tax system is fair?
Stace said:Are you kidding? You think that someone that makes $10,000 a year should be taxed the same amount as someone that makes $100,000 a year?
Stinger said:He didn't say that. Even the personal deduction is factored out and a for the sake of discussion rate of 15% the person making $10,000 would pay $1,500 and the person making $100,000 would pay $15,000. NOT the same amout by a 10 fold difference.
Stace said:Are you kidding? You think that someone that makes $10,000 a year should be taxed the same amount as someone that makes $100,000 a year?
M14 Shooter said:Taxed at the same rate, not taxed the same amount in raw dollars.
But I guess you figured that out by now.
Kandahar said:I recommend everyone read Flat Tax Revolution by Steve Forbes. It is an eloquent description of the many, many reasons that we should scrap our current tax system entirely and start anew with a flat tax. Under Forbes' plan, all income would be taxed at the same amount (he suggests 17%) and would allow generous personal deductions (a family of four would pay no tax on their first $46,000 of income).
Instituting a flat tax is one of the single most beneficial policy changes that our federal government could make.
Stace said:1. Obviously, the flat tax thing has already been explained to me.
2. M14 said nothing about any specific rates or anything else. For all I know, he could have meant 50% for some crazy reason.
Stinger said:Not obvious from your statement.
The specific rate is not the question, you questioned whether the person making $10,000 should pay the same AMOUNT as the person making $100,000. Under a flat tax they don't, they pay much less.
Engimo said:Because of the fact that the cost of living does not increase proportionately with salary, a flat tax is essentially regressive. 17% of the income of someone making $30,000 is a lot more important to him/her than 17% of the income of someone making $500,000.
M14 Shooter said:Most, if not all, flat tax proposals ignore the first several tens of thousands of dollars of income, based on the size of the family. Someone making $30,000 might very well pay no tax.
That way, the poor continue to pay no income tax, just like now.
Engimo said:While that does make the proposition much more attractive, the fact remains that the middle class is getting the short end of the stick when compared to the upper class - even if the absolute poorest are doing decently (of course, they're still poor, but they pay no taxes).