U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Politics and Other Controversies
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 02-22-2013, 08:33 AM
 
Location: Portland, OR
8,803 posts, read 7,579,759 times
Reputation: 4501

Advertisements

Well for starters, it would at least collect as much as the payroll tax since that's a flat tax for the exact same percentage of just wages (up to a certain amount) that already brings in 950 billion. But due to the fact that there would be no income cap, plus gifts dividiends, capital gains, and other income etc would be taxed at that rate, I argue that just a 15.3% income tax with 0 deductions or exemptions would bring in more than our current individual income tax, not to mention it's fair.
Reply With Quote Quick reply to this message

 
Old 02-22-2013, 08:38 AM
 
11,371 posts, read 7,346,239 times
Reputation: 4523
Quote:
Originally Posted by VTHokieFan View Post
Well for starters, it would at least collect as much as the payroll tax since that's a flat tax for the exact same percentage of just wages (up to a certain amount) that already brings in 950 billion. But due to the fact that there would be no income cap, plus gifts dividiends, capital gains, and other income etc would be taxed at that rate, I argue that just a 15.3% income tax with 0 deductions or exemptions would bring in more than our current individual income tax, not to mention it's fair.
Raising taxes on the poor and middle class and lowering taxes for the wealthy is "fair?"

Sounds like a recipe for a recession.
Reply With Quote Quick reply to this message
 
Old 02-22-2013, 08:39 AM
 
29,739 posts, read 16,429,981 times
Reputation: 13816
empowering the government with more taxpayer is not the answer, downsizing it drastically is.
Reply With Quote Quick reply to this message
 
Old 02-22-2013, 08:41 AM
 
Location: Fort Worth Texas
12,482 posts, read 8,835,383 times
Reputation: 2527
Quote:
Originally Posted by VTHokieFan View Post
Well for starters, it would at least collect as much as the payroll tax since that's a flat tax for the exact same percentage of just wages (up to a certain amount) that already brings in 950 billion. But due to the fact that there would be no income cap, plus gifts dividiends, capital gains, and other income etc would be taxed at that rate, I argue that just a 15.3% income tax with 0 deductions or exemptions would bring in more than our current individual income tax, not to mention it's fair.
The Libs would have a heart attack . Scream cry and blame bush
Reply With Quote Quick reply to this message
 
Old 02-22-2013, 08:44 AM
 
Location: Charlotte
602 posts, read 487,277 times
Reputation: 272
Quote:
Originally Posted by Winter_Sucks View Post
Raising taxes on the poor and middle class and lowering taxes for the wealthy is "fair?"

Sounds like a recipe for a recession.

Actually everyone paying the same % would be "fair". But most people dont really want it to be "fair", they just like complaining and want someone else to pay for their stuff.
Reply With Quote Quick reply to this message
 
Old 02-22-2013, 08:45 AM
 
11,371 posts, read 7,346,239 times
Reputation: 4523
Quote:
Originally Posted by PolymerMan View Post
Actually everyone paying the same % would be "fair". But most people dont really want it to be "fair", they just like complaining and want someone else to pay for their stuff.
Everyone should have skin in the game, but taxing Bill Gates at the same rate as a waitress is stupid.
Reply With Quote Quick reply to this message
 
Old 02-22-2013, 08:46 AM
 
Location: Portland, OR
8,803 posts, read 7,579,759 times
Reputation: 4501
Quote:
Originally Posted by Winter_Sucks View Post
Raising taxes on the poor and middle class and lowering taxes for the wealthy is "fair?"

Sounds like a recipe for a recession.
Your sensational and emotional responses aren't going to change the fact that one percentage for all is fair.
Reply With Quote Quick reply to this message
 
Old 02-22-2013, 08:47 AM
 
33,046 posts, read 22,048,755 times
Reputation: 8970
Quote:
Originally Posted by VTHokieFan View Post
Well for starters, it would at least collect as much as the payroll tax since that's a flat tax for the exact same percentage of just wages (up to a certain amount) that already brings in 950 billion. But due to the fact that there would be no income cap, plus gifts dividiends, capital gains, and other income etc would be taxed at that rate, I argue that just a 15.3% income tax with 0 deductions or exemptions would bring in more than our current individual income tax, not to mention it's fair.

Sounds like a tax increase for burger flippers.

That's an epic Fail.

Please explain how it's fair to burger flippers.
Reply With Quote Quick reply to this message
 
Old 02-22-2013, 08:50 AM
 
Location: Portland, OR
8,803 posts, read 7,579,759 times
Reputation: 4501
Quote:
Originally Posted by freemkt View Post
Sounds like a tax increase for burger flippers.

That's an epic Fail.

Please explain how it's fair to burger flippers.
Because they're paying the same percentage as everyone else. There's your explanation.
Reply With Quote Quick reply to this message
 
Old 02-22-2013, 08:50 AM
 
33,046 posts, read 22,048,755 times
Reputation: 8970
Quote:
Originally Posted by PolymerMan View Post
Actually everyone paying the same % would be "fair". But most people dont really want it to be "fair", they just like complaining and want someone else to pay for their stuff.

Got Econ 101? Know about marginal utility?
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Politics and Other Controversies
Similar Threads
Follow City-Data.com founder on our Forum or

All times are GMT -6.

2005-2019, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top