View Poll Results: Would You Support a Tax Plan Like This?

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  • Yes, as written.

    2 20.00%
  • Yes, but with changes. (Explain)

    4 40.00%
  • No.

    4 40.00%
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Thread: Viktyr Korimir's Tax Plan

  1. #11
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    Re: Viktyr Korimir's Tax Plan

    I would like to see more control on monies going to companies. More entreprenural and less status quo. Encouragement of business at the local level. Other than that, I liked it.

  2. #12
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    Re: Viktyr Korimir's Tax Plan

    it is too long ,ı couldnt read and ı dont understand this issue, but if there is a real plan like that ,there is no reason for it to fail..

  3. #13
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    Re: Viktyr Korimir's Tax Plan

    Quote Originally Posted by DaveFagan View Post
    I would like to see more control on monies going to companies. More entreprenural and less status quo. Encouragement of business at the local level. Other than that, I liked it.
    I agree with you, but I can't think of a way to word it that's appropriate for a Constitutional amendment-- and I think that's a matter that should be left up to each individual Congress and the political pressures that their constituents to bring to bear on them.

  4. #14
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    Re: Viktyr Korimir's Tax Plan

    I like the general idea of having fixed brackets going all the way up the scale, and having them tied together to be multiples of a base rate. Bravo for that.

    BUT I think it needs to cover all sources of income, including inheritance. Perhaps with an exclusion for the first million or something.

  5. #15
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    Re: Viktyr Korimir's Tax Plan

    Quote Originally Posted by teamosil View Post
    BUT I think it needs to cover all sources of income, including inheritance. Perhaps with an exclusion for the first million or something.
    Inheritance was already taxed once, when the deceased earned it. My tax system encourages millionaires to have more children, dividing their estates up between more heirs; in my opinion that is sufficient measure to address the issue of accumulation of inherited wealth.

  6. #16
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    Re: Viktyr Korimir's Tax Plan

    Quote Originally Posted by Viktyr Korimir View Post
    Inheritance was already taxed once, when the deceased earned it.
    That is not logically sound. All money was previously taxed when some previous owner got it. If I earn $500 and I pay taxes on it, you aren't exempt from paying taxes on it if I use some of that money to hire you to walk my dog. Each owner pays taxes when the money changes hands regardless of whether previous owners of the money paid taxes on it.

  7. #17
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    Re: Viktyr Korimir's Tax Plan

    My system doesn't charge sales tax, either. Not all transactions should be taxed.

  8. #18
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    Re: Viktyr Korimir's Tax Plan

    Agree with tea on the inheritance tax.

    And the tariffs are a total nonstarter. Protectionism does not work unless the goal is to jack up inflation to insane levels.

  9. #19
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    Re: Viktyr Korimir's Tax Plan

    Quote Originally Posted by Viktyr Korimir View Post
    My system doesn't charge sales tax, either. Not all transactions should be taxed.
    I'm fine with not taxing sales. Sales tax is regressive. But, the store owner that gets your money is still being taxed on the portion he gets. He pays income tax on it. It appears that every other situation where a person gets new money, except inheritance, are taxed in your scheme, no? So why the exception for inheritance? If anything, I would think that is the type of income where there are the most arguments that it should be taxed. They got the money without having to take any risk or put in any work. It sort of counters the whole idea in this country that people get rich or go poor largely on the basis of their own efforts. I don't know that we should tax it more than other kinds of income, but I don't see the argument for taxing it less.

  10. #20
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    Re: Viktyr Korimir's Tax Plan

    Because the entire point of working hard and earning as much money as possible is to leave something behind for your children. Inheritance taxes are fundamentally immoral.

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