Michael-5 said:
kain_kusanagi said:
Michael-5 said:
kain_kusanagi said:
NO NO NO NO NO NO NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO!!!!
We need less government interference not more. What kind of a country do you want to live in? I prefer the kind with real freedom and liberty. Taxation is just another form of control. If I had my way the only thing taxed would be income and it would be a flat 10% for everyone no matter what. No loopholes and no way out of it. If you make a dollar you pay 10cents. that's it. But if I had my way the government would be a lot smaller and spend less so we probably wouldn't even need a 10% tax.
Drop all subsidies, get rid of nanny laws and taxes, and go back to the basics of government. |
If we all only paid 10% tax, then Doctors, and Landlords would just be accumulating wealth at ridiculous rates. If you were born into a rich family, own a large company, or just make a lot of $$$ you also have a higher responsibility to the poor. You already have mega-corporations in USA, Wal-Mart grosses more then Poland in a year, do the Waltons and Bill Gates really need billions of dollars? No.
|
Since when does anyone have the right to tell anyone how wealthy they can be? I could not be more against your assurtion that we should limit success. You do know that the rich tend to create a lot of jobs right?
But I would be willing to go with a tiered flat tax. 5% for the low income, 10% for the middle and 20% for the high income bracket. But like I said before, if the governement was smaller and didn't regulate our lives and waste so much money it could be less. Maybe just 1%, 5% and 10% for the three brackets.
|
You know Wal Mart makes more jobs then it takes away? However it makes meaningless minimum wage jobs.
Most people who are rich, are rich because they aren't generous with their money. They find ways to make products or companies which pay employees minimum wage (or less, a lot of stuff is made in China where minimum wage is less) so that they themselves can keep the money.
Are you talking about income tax? How low is income tax in USA? In Canada it starts at 20% for those who make I believe 20-35k a year and goes up to 41/48% for people who make over 100k (41% for the first 100k, 48% for everything after).
This makes sense, I have a friend who works at a poshe golf course where registration is 50k for the first year and 10k every year after. MOST of these people didn't earn their money, they inherited it. What good is money when it stays in the hands of people who didn't work for it? I understand if you worked hard and made a successful company that you deserve a lot of money, but at the same time the employees you hire to make your stuff deserve more then minimum wage too. Rich people are rich because they sell stuff for a lot more then it costs to make, and make jobs which generate little income. If we didn't heavily tax the rich, the rich would get richer and the poor would get poorer. Simple.
|
Nobody gets to decide how to spend other peoples money. Your friend has a job at that golf course because rich people want to golf there.
Yes I am talking about income tax. If I had my way it would be the ONLY tax. Income tax is just the tip of the iceberg in the menagerie of taxation in this country. Much like your GST we can't seem to do anything in this country without being effected by tax.
Here's wiki's US Income Tax Rate Table
| Marginal Tax Rate[9][10][11] | Single | Married Filing Jointly or Qualified Widow(er) | Married Filing Separately | Head of Household |
| 10% |
$0 – $8,925 |
$0 – $17,850 |
$0 – $8,925 |
$0 – $12,750 |
| 15% |
$8,926 – $36,250 |
$17,851 – $72,500 |
$8,926 – $36,250 |
$12,751 – $48,600 |
| 25% |
$36,251 – $87,850 |
$72,501 – $146,400 |
$36,251 – $73,200 |
$48,601 – $125,450 |
| 28% |
$87,851 – $183,250 |
$146,401 – $223,050 |
$73,201 – $111,525 |
$125,451 – $203,150 |
| 33% |
$183,251 – $398,350 |
$223,051 – $398,350 |
$111,526 – $199,175 |
$203,151 – $398,350 |
| 35% |
$398,351 – $400,000 |
$398,351 – $450,000 |
$199,176 – $225,000 |
$398,351 – $425,000 |
| 39.6% |
$400,001+ |
$450,001+ |
$225,001+ |
$425,001+ |
This taxation method is designed to squeeze the middle income who can barely afford it, destroy small businesses who employ the most, barely touch the rich, and give to the poor. I'd rather the governemnt spend less, let charities take care of the poor, tax middle income and small business less so they can save and invest while maybe taxing the rich a bit more, but not a lot more. The rich already pay the most.
