What Do You Think Would Be A Fair Tax Rate Percentage For Different Income Levels (gallon, millionaire)

[Wapasha]

Originally Posted by TexasLawyer2000

0% for first $20,000
15% for all types of income above $20,000.

No deductions, incentives, etc.

15% is too high, if your plan also involves not being able to take any deductions.

[Wapasha]

Originally Posted by Troubleshooter

I favor a single 10% tax with a standard deduction of $50,000 and a penalty of loss of office for anyone who wants more.

So people earning under $50,000 essentially pay zero income tax? What about payroll taxes for SS and Medicare, do they not pay into those programs?

[lifeexplorer]

Originally Posted by TexasLawyer2000

0% for first $20,000
15% for all types of income above $20,000.

No deductions, incentives, etc.

What about those who make less than $20,000? That's 50% of our population here.

[lifeexplorer]

Originally Posted by Troubleshooter

I favor a single 10% tax with a standard deduction of $50,000 and a penalty of loss of office for anyone who wants more.

Why should anybody be forced to pay more taxes than others?

[EscAlaMike]

Originally Posted by thegoodthebadtheugly

for incomes over $523,600...?

0%

Originally Posted by thegoodthebadtheugly

for incomes over $209,425...?

0%

Originally Posted by thegoodthebadtheugly

for incomes over $164,925...?

0%

Originally Posted by thegoodthebadtheugly

for incomes over $86,375....?

0%

Originally Posted by thegoodthebadtheugly

for incomes over $40,525....?

0%

Originally Posted by thegoodthebadtheugly

for incomes over $9,950.....?

0%

Originally Posted by thegoodthebadtheugly

for incomes up to $9,950.....?

0%

[YourWakeUpCall]

Originally Posted by Leo58

That's not a very good analogy. Government is not like a business selling its services to the consumer. If it was, all roads would be toll roads, all parks would require entrance fees, welfare would be nonexistent and public college tuition would be the same as private school.

Government is more like an HOA. If the HOA votes to build a pool for the neighborhood, all residents are assessed, whether they like to swim or not. And if you own multiple lots, you might be charged more than someone who owns one lot.

Agreed that it isn't a perfect analogy, but its a simple way of getting people to rethink the bizarre notion that people who earn more should pay more for the same government services. Many people have it seared into their brains that progressive taxation is fair. It isn't, of course. All I'm trying to do is dumb it down into an example that people can connect with in a real way (adjusting the sale price of their home based on buyer income). Fair would be for everyone to pay the same in absolute dollars. Implementation of a flat tax (not flat tax rate) presents some challenges, but its the most "fair" starting point.

[lifeexplorer]

Originally Posted by Wyndsong71

MEH tamAAAto, tamahhhhto.

Big difference. Theft can be prevented but armed robbery is done at gunpoint - you have no choice.

[Artisan10]

Originally Posted by Riley.

flat tax

[Artisan10]

Originally Posted by VikingsToValhalla

Or maybe we should cut government spending?
Isn't that the main problem, the fact that our government has put America into trillions of dollars of debt by wasting our tax dollars.

Raising taxes for a government that continually wastes trillions of dollars is not a solution for anything.

Exactly!

[Artisan10]

Originally Posted by crone

How much is living in the USA worth to you?

Flat tax no deductions for anything.

How people live and run their businesses is not the business of government so I'd stop subsidizing anything. How many kids people have is their business. The kinds of equipment a business wants is their business.

Bingo!