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Old 01-06-2016, 01:05 PM
 
Location: Seattle/Dahlonega
547 posts, read 507,756 times
Reputation: 1569

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10% flat tax
Stop punishing people who worked their way up the ladder.
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Old 01-06-2016, 01:23 PM
 
26,196 posts, read 21,648,735 times
Reputation: 22772
Quote:
Originally Posted by hurricane harry View Post
10% flat tax
Stop punishing people who worked their way up the ladder.

So raise taxes on the low end and lower them on the high end? That's awesome. I will enjoy my effective rate dropping from 13-14% down to 10% and then I may simply stop contributing 36k annually to my wife and I's 401k and switch it instead to Roth 401k

Although I'm not sure this is the best plan
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Old 01-06-2016, 01:26 PM
 
8,432 posts, read 7,446,811 times
Reputation: 8793
Quote:
Originally Posted by hurricane harry View Post
10% flat tax
Stop punishing people who worked their way up the ladder.
No taxes at all.

Quit punishing everybody.

So what if we descend into anarchy.
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Old 01-06-2016, 03:38 PM
 
Location: Seattle/Dahlonega
547 posts, read 507,756 times
Reputation: 1569
Nope, everybody pays the same percentage. Make more, pay more, can't you people do simple arithmetic?
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Old 01-06-2016, 03:43 PM
 
26,196 posts, read 21,648,735 times
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Quote:
Originally Posted by hurricane harry View Post
Nope, everybody pays the same percentage. Make more, pay more, can't you people do simple arithmetic?
I can do math better than most and it's clear to me a flat 10% tax would increase burden on the lower end and decrease them on the higher end
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Old 01-06-2016, 03:53 PM
 
10,788 posts, read 5,718,261 times
Reputation: 10942
Quote:
Originally Posted by Lowexpectations View Post
I can do math better than most and it's clear to me a flat 10% tax would increase burden on the lower end and decrease them on the higher end
Why do you see both of those as bad things?
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Old 01-06-2016, 04:14 PM
 
26,196 posts, read 21,648,735 times
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Originally Posted by TaxPhd View Post
Why do you see both of those as bad things?

Well raising taxes on folks with effective rates currently under 10% when they have very limited income isn't realistic and something I believe would be overly burdensome to that group. More over paring the two raising on the lower end and lowering on te higher end doesn't make much sense to me.

If you would like to construct a revenue projection and due to it's shortfall where you are cutting spending id be interested in seeing how the fairy tale concept works out
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Old 01-06-2016, 04:50 PM
 
10,788 posts, read 5,718,261 times
Reputation: 10942
Quote:
Originally Posted by Lowexpectations View Post
Well raising taxes on folks with effective rates currently under 10% when they have very limited income isn't realistic and something I believe would be overly burdensome to that group. More over paring the two raising on the lower end and lowering on te higher end doesn't make much sense to me.

If you would like to construct a revenue projection and due to it's shortfall where you are cutting spending id be interested in seeing how the fairy tale concept works out
I don't think it would work, and it would be political suicide for any politician to try to champion such an idea. However, understanding how the tax burden is shared in this country is what drove my comment. When those that live a rather lavish welfare lifestyle, funded by me and others like me, accuse us of not paying our "fair share" and being "greedy," well, I admit that wanting them to have bit more skin in the game is an appealing idea.
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Old 01-06-2016, 05:16 PM
 
26,196 posts, read 21,648,735 times
Reputation: 22772
Quote:
Originally Posted by TaxPhd View Post
I don't think it would work, and it would be political suicide for any politician to try to champion such an idea. However, understanding how the tax burden is shared in this country is what drove my comment. When those that live a rather lavish welfare lifestyle, funded by me and others like me, accuse us of not paying our "fair share" and being "greedy," well, I admit that wanting them to have bit more skin in the game is an appealing idea.


Explain this to me because it doesn't seem very logical to me


And so someone calls you a name your best idea is to call them one back? Is it anyone that thinks you should pay more or only those who you perceive to live a "lavish welfare lifestyle" that you have issue with?
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Old 01-06-2016, 08:59 PM
 
10,788 posts, read 5,718,261 times
Reputation: 10942
Quote:
Originally Posted by Lowexpectations View Post
Explain this to me because it doesn't seem very logical to me


And so someone calls you a name your best idea is to call them one back? Is it anyone that thinks you should pay more or only those who you perceive to live a "lavish welfare lifestyle" that you have issue with?
If you are familiar with who is actually paying the taxes in this country, my comment should make perfect sense. Vilifying the rich is a common activity by the welfare class and the politicians that pander to them. I'm sure that you understand that but you appear to be acting deliberately obtuse.

Who did I call a name?
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