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

[leastprime]

OP, why limit to just "Income"
Tax on Income? Any income? What about trade, non cash exchange?
So people came up on Consumption Tax; What type of consumption?
So other people think User Tax; I am all for toll roads and sewer taxes and education and police protection etc.

[YourWakeUpCall]

Originally Posted by reneeh63

No it's not - the rich have huge amounts of discretionary income - a $100 to me is like a penny to a billionaire. And the tax has to take into account their actual wealth not their "salary". Their many "loopholes" include living off their wealth or even if they have "jobs" they get paid in stocks and other ways not touched by income tax.

The purpose of taxes is to generate revenue to run the government. The amount of income or wealth one has amassed should have no bearing on the amount of taxes paid. How much discretionary money you have left over after paying taxes has precisely nothing to do with it. Let me repeat what I said in an earlier post. If you put your home up for sale, would you adjust the sale price based on the income of potential buyers? Of course not. So why should the price of access to government services vary based on income?

[Roboteer]

Originally Posted by albert648

Let's start with the Fed turning off the money printer.

How do you get them to turn it off?

Then change the incentives. What gets measured gets done.

How do you get them to make those changes?

There needs to be an audit conducted every fiscal year that determines how much the Federal Government spent overall, across all agencies.

How do you get them to run this audit?

(see the problem?)

[albert648]

Originally Posted by Roboteer

(see the problem?)

Fair enough.

I guess it would require wholesale amendments to the Constitution that make taxation optional and privatizing large parts of the government. Or a second coming of Reagan or Thatcher. Government fails to meet stated targets, people no longer have to pay taxes.

[Leo58]

Originally Posted by YourWakeUpCall

The next time Biden proposes a multi-trillion dollar stimulus package, do the math to see how much it will cost every single person in this country. Doesn't sound so appealing anymore, does it?

This is what I always said about the war in Iraq. If Bush had said "we need to invade Iraq, and it's going to cost every person in the US $4000", support for the war would have evaporated pretty quickly.

[Leo58]

Originally Posted by InformedConsent

Actually, it would. The average effective federal income tax rate is 13.3%. Hit everyone, no exceptions, up with a 15% flat tax on incomes of $1 and up, and tax revenue would exceed what's currently collected.

I'm OK with this. You could probably even reduce it to 12.5% if you eliminate ALL deductions.

[Wyndsong71]

Originally Posted by TheGoodTheBadTheUgly

for incomes over $523,600...?

for incomes over $209,425...?

for incomes over $164,925...?

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

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

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

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

0%

Taxation is theft.

[lifeexplorer]

Originally Posted by thegoodthebadtheugly

for incomes over $523,600...?

For incomes over $209,425...?

For incomes over $164,925...?

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

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

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

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

0%.

[lifeexplorer]

Originally Posted by Wyndsong71

0%

Taxation is theft.

Correction. Taxation is armed robbery.

Income tax is a new form of slavery.

[BentBow]

Originally Posted by TheGoodTheBadTheUgly

for incomes over $523,600...?

for incomes over $209,425...?

for incomes over $164,925...?

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

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

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

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

Zero!

You are not their property to make money off of as a slave.