Individual Taxes: How much is fair? (salary, attorney, federal government, state)

[Squidlo]

How much tax is fair on a $70,000 salary?

Please explain why.

[evilnewbie]

Flat tax is fair... it does not look at income, it looks at you as a person being equal to every other person... what ever the flat tax rate is, it should be commensurate with the need of the federal government budget...

[vacoder]

Originally Posted by evilnewbie

Flat tax is fair... it does not look at income, it looks at you as a person being equal to every other person... what ever the flat tax rate is, it should be commensurate with the need of the federal government budget...

Which based on income inequality would probably be 40-50 percent. Not the pie in the sky 10-15 percent flat taxers have claimed.

[evilnewbie]

Originally Posted by vacoder

Which based on income inequality would probably be 40-50 percent. Not the pie in the sky 10-15 percent flat taxers have claimed.

Income inequality? Based on someone's standards... and let me guess... a liberal...

[CBeisbol]

Originally Posted by Squidlo

How much tax is fair on a $70,000 salary?

Please explain why.

$70,000

Why? Because I'm putting as much thought into answering it as you did into asking it.

Originally Posted by evilnewbie

Flat tax is fair...

Right.
Like flat housing, food, entertainment, etc is fair.

Everyone pays X, Y, and Z % for each regardless of what you get.

[finalmove]

Originally Posted by Squidlo

How much tax is fair on a $70,000 salary?

Please explain why.

I'll jump in with a figure. How about 25%. Why? Tax rates are based on the pain and anger felt by the taxpayers.
10%----few would complain. 40%----people would threaten lawmakers.

Flat tax is the only "fair" system. It would reduce the IRS to about 20-employees and eliminate the gargantuan tax attorney/accountant scam we have now.

[finalmove]

Originally Posted by vacoder

Which based on income inequality would probably be 40-50 percent. Not the pie in the sky 10-15 percent flat taxers have claimed.

Are you bringing income envy into the discussion? Do you resent someone making more than you?

[Frank DeForrest]

Zero. You want to fund the state, do it voluntarily.

[Pilot1]

Are you talking total income tax burden? I pay Federal, State, and Local Income Taxes. If I add up all the income taxes, plus property taxes, real estate taxes, sales taxes, and other taxes it approaches 50% of my income. It is ridiculous that we have allowed government to tax, and fee us on every level, for every conceivable thing.

[glamatomic]

Originally Posted by evilnewbie

Flat tax is fair... it does not look at income, it looks at you as a person being equal to every other person... what ever the flat tax rate is, it should be commensurate with the need of the federal government budget...

I personally agree with this.