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Old 11-25-2012, 11:12 PM
 
Location: Murphy, TX
646 posts, read 2,615,373 times
Reputation: 435

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So, there has been a lot of complaining about how $250K for income doesn't make a person rich and raising taxes on them is unfair. Honestly, that is true, what makes person rich is their network! Why can't we just simply ADD a network based tax instead of raising income taxes?

We can setup a new Network tax bracket something like this:

Network - Tax rate
$0-$1 million 0%
$1 mill - $500 mill 1%
$500 mil - $1 Bil 5%
$1 Billion+ 10%

This should definitely bring in a ton of tax revenue for the US Government
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Old 11-25-2012, 11:17 PM
 
Location: Albuquerque, NM
13,293 posts, read 12,798,896 times
Reputation: 6637
Quote:
Originally Posted by unseengundam View Post
This should definitely bring in a ton of tax revenue
Maybe your 'proposal' would be more interesting if you could be bothered to figure out the most basic of basics about it.

How much money would it bring in?
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Old 11-25-2012, 11:43 PM
 
3,742 posts, read 2,594,256 times
Reputation: 891
Quote:
Originally Posted by filihok View Post
Maybe your 'proposal' would be more interesting if you could be bothered to figure out the most basic of basics about it.

How much money would it bring in?
It isn't a proposal, just more mindless blather from people who just don't get it, and probably never will. The ONLY answer is less spending. Revenue increases just result in even-more spending.
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Old 11-26-2012, 03:25 PM
 
Location: Nescopeck, Penna. (birthplace)
12,351 posts, read 7,513,144 times
Reputation: 15950
After some thought, I've finally figured out that what the OP meant to say was not "network" but net worth; a sad testimony on the financial literacy of the public. Too many voters, probably a majority, cannot distinguish between personal and corportate wholdiings, or recognize that the vast majority of our wealth, sooner or later, ends up uder the control of institutions.

I believe it was Tocqueville who said that democracy would endure only until the masses found out a way to loot the public treasury via the ballot box; looks like we're getting closer every day.
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Old 11-26-2012, 03:29 PM
 
Location: Tyler, TX
15,202 posts, read 18,261,876 times
Reputation: 8032
Dumb, dumb idea. REALLY dumb idea. You'd see the "evil" rich folks packing their bags and heading for friendlier countries en masse. Double (and triple, quadruple, quintuple, etc) taxation would drive people to flee faster than probably anything else, short of civil war.
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Old 11-26-2012, 03:35 PM
 
Location: Nescopeck, Penna. (birthplace)
12,351 posts, read 7,513,144 times
Reputation: 15950
Quote:
Originally Posted by swagger View Post
Dumb, dumb idea. REALLY dumb idea. You'd see the "evil" rich folks packing their bags and heading for friendlier countries en masse. Double (and triple, quadruple, quintuple, etc) taxation would drive people to flee faster than probably anything else, short of civil war.
Also unconstitutional under the "due process" clause, but with the Supreme Court quickly turning into a rubber stamp for Obama aand his gang, who would notice? or care?
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Old 11-26-2012, 03:38 PM
 
48,516 posts, read 83,955,483 times
Reputation: 18050
Quote:
Originally Posted by unseengundam View Post
So, there has been a lot of complaining about how $250K for income doesn't make a person rich and raising taxes on them is unfair. Honestly, that is true, what makes person rich is their network! Why can't we just simply ADD a network based tax instead of raising income taxes?

We can setup a new Network tax bracket something like this:

Network - Tax rate
$0-$1 million 0%
$1 mill - $500 mill 1%
$500 mil - $1 Bil 5%
$1 Billion+ 10%

This should definitely bring in a ton of tax revenue for the US Government
If the poor knew where to find that netwrok they would join it much less being able to tax it.You can tax what you can finhd.
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