Flat Percentage Tax Rate
Flat Dollar Tax
I am sorry that you are upset you didn't get the same breaks but that's life and you certainly have no just claim to what I was willed.
How to make a quick million... Screw a million suckers out of a dollar each, or 100,000 for ten dollars.
And that's why I showed what would/DID happen and what unmitigated Social Darwinism looked like for 5000 years (Serfs and Castles etc) and why they instituted the Income tax in this country.
And why you couldn't answer then and still can't.
http://www.debatepolitics.com/polls/...post1058853836 (Which tax system is most 'fair')
So what will you do when "Fair" leads to a few percent having all the marbles? Which it will with no progressivity.
Do you really think People making $20k or $25k can pay a "fair"/Flat 25% as someone make $4 million can?
I don't want his BLOOD/FOOD money and he can't give it.
A FEW people ARE Much, Much, better than the rest in making money.... or keeping it.
Thus revolution in some countries and voting an income tax in this country and other democracies.
First just on the very rich, then a progressive tax Creating the world's largest Middle Class/people with a vested interest.
That's what America's success is; a large Middle class.
Tho incomes/assets are polarizing again because the very high Top tax rates of the 50's-80s are now much LESS Progressive.
Proof of the Pudding:
Thus, even at current Rates congress (Both parties) have several times had to send out Stimulous checks to make the current tax Less regressive so that the little guy can afford to buy the Goods (Cars, computers, etc) from the companies the big guys own. Even the self-interested big guys (like me and the Congressional GOP) understand this. But you want to squeeze the little consumer even more with a more regressive/flatter/"fairer" tax.
Yes, even WITH current very mildly Progressive rates.. we still need 'prebates'.
Last edited by mbig; 07-15-10 at 05:34 PM.
I'm personally sick of not being able to dunk a basketball because of racism.
It seems to me that a less "progressive" income/earnings tax would encourage people to make more, as the more they make, the more they keep.
Now, as I understand the current system, this is already the case...
But a balance between rates that are too high and rates that are too low seems the optimum here.
Personally, I think that rates should not rise much at all up to and including an income (single or combined) of $300,000-400,000/year.
After that, sharper rate increases with earnings increases would, IMO, have less effect on people.
True, no matter the amount I was earning, I would like to keep 100% of it (wouldn't we all) to do with as I wished.
Hell, if I made that much, I would likely give some to charity.
But I dunno.
Sometimes I think we're alone. Sometimes I think we're not. In either case, the thought is staggering. ~ R. Buckminster Fuller