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Oh, I would, too. But we'd still have a significant disparity between those who pay and those who take. As funding even a limited government that doesn't reach beyond its Constitutional limits requires tax revenue, everyone should pay the same tax rate.
Example: 10% flat tax.
$30,000 earner pays $3,000
$3,000,000 earner pays $300,000
$300,000 is still significantly more than $3,000.
Quote:
Originally Posted by PCALMike
Yes, lets make a poor, elderly widow pay the same rate as the billionaire. How about we start taxing capital gains at Scandinavian rates of 28-42%. That's where the 0.1% get their money.
Its hilarious to see you pretend like you actually would benefit from the policies you promote. You are not some big shot millionaire and you will never be one. They laugh at people like you who tirelessly carry their water like a bootlicker. You are part of the bewildered rabble they despise.
InformedConsent uses 10% because it is a small number. The real flat-tax percentage would be around 20% -- but someone earning $30,000 a year paying $6,000 a year in federal income taxes (without payroll taxes) doesn't sound so appealing to those he's trying to fool.
Let's remind everyone that during the Reagan Era, capital gains taxes were 40/60%, for long-term and short-term, respectively -- and the stock market boomed.
Flat taxes are a gift to the wealthy, that's why conservative billionaires and conservative think tanks, like CATO and Heritage love them. But lowering taxes on billionaires means that those taxes must be made up by the middle-class and poor. It's a morally bankrupt plan.
What is up with plans that lower billionaires' taxes? Do the rich have too little money?
But on the topic, I wouldn't mind paying Scandinavian taxes and getting Scandinavian services and social protections. It's far better for most people than what we have in the USA.
Yeah, because EVERYONE pays the 25% VAT tax, which is their greatest source of tax revenue. That's why their benefits are so much better. EVERYONE pays. EVERYONE contributes to the cost of those social safety net programs.
And people dont have a problem paying for that when they dont have to worry about retirement, college tuition, health care costs, day care or unemployment! It is far better for the working class and middle class as seen by the poverty levels, the number of people who live in financial fear and the rapidly shrinking middle class in America.
A government that invests in the quality of life of its people rather than being an extended arm of the plutocracy is a government that people support.
Unemployment benefits in Scandinavia are faaaaar better than in the US. Generally, you get 80% of your former pay for up to 3 years, depending on the country. You get retraining and educational opportunities in order to quickly find another job. This is what a social safety net is about.
More people work in Scandinavia than in the US.
We always refuse to acknowledge the one thing they also do not do over there. So easily dismiss away the waste, fraud and corruption so many refuse to acknowledge and do anything about here.
I support many of these programs but I fully acknowledge that those who complain about these things in government programs have a very valid point. For the life of me I do not understand why those who so strongly support these programs are not demanding that they get cleaned up. That people are prosecuted and many others fired.
There is always the weak excuse, "they can't be fired". They can. In large part it's why it works in Finland but it doesn't in Greece. That and the fact that Scandinavian countries have off shore oil while Greece only has Olive oil.
We always refuse to acknowledge the one thing they also do not do over there. So easily dismiss away the waste, fraud and corruption so many refuse to acknowledge and do anything about here.
I support many of these programs but I fully acknowledge that those who complain about these things in government programs have a very valid point. For the life of me I do not understand why those who so strongly support these programs are not demanding that they get cleaned up. That people are prosecuted and many others fired.
There is always the weak excuse, "they can't be fired". They can. In large part it's why it works in Finland but it doesn't in Greece. That and the fact that Scandinavian countries have off shore oil while Greece only has Olive oil.
Finland and Sweden dont have offshore oil and Denmark has a tiny amount.
The main difference between Greece and northern Europe is basically that Greece was a third world country, with third world institutions that got admitted into the EU when they shouldnt. The tax evasion, corruption and female employment rates are rather dismal in that state.
Yeah, because EVERYONE pays the 25% VAT tax, which is their greatest source of tax revenue.
Not even close. 20% or so. Sorry about the formatting, I'm too lazy to fight with it right now.
Taxation total, divided into rates and dues
Unit: DKK 1 000
Taxes and duties, total 980 105 284
1.1. Personal income taxes 533 073 479
1.2. Corporation tax, etc. 51 892 000
1.3. Tax on yields of certain pension scheme assets 54 464 986
5.1.1 Value added tax 186 203 851
Easy solution. Expand social security like the vast majority of Americans want and which is how Scandinavia does it, and implement exemptions and deductions on the first few thousands of capital gains. The fact of the matter is that people in Scandinavia can retire faaaaar more comfortably and securely than Americans.
Essentially put all your eggs in one basket and pray the US Government delivers. Sorry, but not thanks, that would scare me.
We have more illegals in our country double the entire population of Denmark. You can't provide the same services when you compare countries with 5-10 million people to a country with 300 million people.
And people dont have a problem paying for that when they dont have to worry about retirement, college tuition, health care costs, day care or unemployment!
Exactly. Let's do what the Scandinavian countries do... implement a 25% VAT tax that EVERYONE pays, and STOP taxing foreign-earned income.
Not according to OECD data. The largest source of tax revenue for OECD countries other than the U.S. is the VAT tax. Even WHEN the U.S. is included, the VAT tax is STILL the largest source of tax revenue in OECD countries.
Not if we had a Scandinavian-style VAT tax. The largest percentage of their tax revenue comes from the VAT tax.
Plus, the federal government needs to CUT SPENDING!!!
According to the Tax Foundation,
Quote:
Scandinavian countries are known for having high taxes on income. According to the OECD, Denmark (26.4 percent), Norway (19.7 percent), and Sweden (22.1 percent) all raise a high amount of tax revenue as a percent of GDP from individual income taxes and payroll taxes. This is compared to the 15 percent of GDP raised by the United States through its individual income taxes and payroll taxes.
...
Denmark collects about 9.6 percent of GDP through the VAT, Norway collects about 7.8 percent, and Sweden collections about 9 percent of GDP.
While VAT is significant, it isn't the "largest percentage."
As for cutting spending, tell me where you want to start.
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