50% and higher
Are you coming to bed?
I can't. This is important.
Someone is WRONG on the internet! -XKCD
Originally Posted by Korimyr the Rat
One of our Founders, maybe it was ol' Ben, said something very like: "Any government that would take as much as ten percent of the people's income is a tyrant." Well, we're way past that now.
Free health care means the gov't pays the doctors, nurses, techs, hospitals and so on, out of taxpayer money. Hideously expensive. Price-fixing is likely, as in Medicare... and when being a doctor (after 8 yrs of expensive schooling, an internship, debt and hardship) falls below a certain level of profitability, the number of doctors will decline, probably along with the quality of care.
Thirty years ago, when we had something closer to a free market on health care, it was FAR less expensive and I'd even argue the service was better.
People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf.
My vote is for a 10% flat tax,and no deductions for anyone.
Flat tax, 10% or less if it must be income tax. Everyone pays their fair share and fair share is equal percentage for all. No discrimination. And none of this riding on the backs of others bull****.
A flat 10% isn't enough. Even if you only payed for things explicitly required in the constitution, like the military and the census and interest payment on the debt, it still wouldn't be enough. Taxes need to reflect spending, and its impossible to cut spending to the levels needed to sustain a 10% tax rate unless you truly gutted the military.
I disagree. We spent about 529 billion dollars on military spending alone last year, not even counting the trillion or so we spent in Iraq and Afghanistan. We also spent about 300 billion on the war on drugs last year. Dramatic cuts in spending by ending our overseas empire, bringing our troops home, closing costly bases in countries that we don't need to have troops in, and legalizing drugs will allow us to cut the income tax and still raise enough money to cover our expenses (except for interest on the debt, but I'll address that below).
Why isn't 0% an option? There should be no income tax, it is unconstitutional. If we cut spending, there would be no need for an income tax. An income tax makes the assertion that the government owns your wages, and allows you to keep a percentage of it. If we cut the income tax to 0 right now, we would raise the same amount as we had in our budget in 1997. I wonder if it's possible if we cut out spending for our overseas empire and ended the "War on Drugs", we could easily cut the income tax and give people much more money in their pockets at a time when we desparately need it.
We also need to end the Federal Reserve system responsible for the interest on the debt and the inflation. Inflation is the hardest tax on the poor and middle class, and is essentially a tax. Of course at a time when the government is firing up the printing press every day for another billion dollars to give bonuses to corrupt CEO's, it is very hard to believe a period of even worse (perhaps even pre WWII Germany hyper) inflation.