This 1 Quote Explains America's Biggest Problem Perfectly
- Thread starter signalmankenneth
- Start date
cawacko
Well-known member
What? What are you talking about?
You don't like the idea of a flat tax. You don't like our current crony capitalism structure. Do you have an actual idea of what you would like to see changed?
evince
Truthmatters
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The Almighty
I have listed my solution 1000 times on this board. Not once have you provided anything to prove it cannot raise enough revenue. Because YOU want to keep the system that makes it easy for crony capitalism to exist.
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The Almighty
I keep telling you... it can be set at whatever level the CBO number crunchers say it needs to be to produce enough revenue. Whether that be 20%, 30%, 15% etc...
That is the point you fucking moron. I don't know the EXACT rate. I can provide you examples of how such a system would be progressive. I can provide you reasons that it will help eliminate crony capitalism. But the EXACT rate is going to have to be calculated by those that have access to all the data.
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The Almighty
which is why we are telling you to stop being an asshole and actually try to provide us with an example of what YOU would do to fix the system.
Are you too stupid to provide an example Desh?
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The Almighty
For Desh... AGAIN...
Start with a standard deduction of $30k (adjusted for inflation annually) for each adult and then tax every dollar over that $30k at 20%. This is simple, easy to understand, fair and progressive. It protects the low-income individuals and couples from paying federal income taxes. It provides the middle-income families a lower effective tax rate than the wealthy. This plan would encompass ALL income, including earned income, capital gains and dividend income.
A person making $30k pays an effective rate of 0%.
A person making $50k pays an effective rate of 8%.
A person making $100k pays an effective rate of 14%.
A person making $200k pays en effective rate of 17%.
A person making $1mm pays an effective rate of 19.4%
Everyone has the same deduction and takes it. Which causes the effective tax rate to increase the more you make.
To reduce the national debt I would propose we add an additional temporary bracket to the flat tax. Every dollar over $1 million (again adjusted for inflation annually) would be taxed at 30% rather than 20%. The additional 10% would be mandated to pay down the debt.
There is no corporate tax. Eliminate it. We can tax the money earned via capital gains taxation and distributions to shareholders. The only other way the money can come out of the firm is via salary/benefits... which would also be taxed. Done.
We would eliminate 70k+ pages of loopholes/deductions/subsidies...
Start with a standard deduction of $30k (adjusted for inflation annually) for each adult and then tax every dollar over that $30k at 20%. This is simple, easy to understand, fair and progressive. It protects the low-income individuals and couples from paying federal income taxes. It provides the middle-income families a lower effective tax rate than the wealthy. This plan would encompass ALL income, including earned income, capital gains and dividend income.
A person making $30k pays an effective rate of 0%.
A person making $50k pays an effective rate of 8%.
A person making $100k pays an effective rate of 14%.
A person making $200k pays en effective rate of 17%.
A person making $1mm pays an effective rate of 19.4%
Everyone has the same deduction and takes it. Which causes the effective tax rate to increase the more you make.
To reduce the national debt I would propose we add an additional temporary bracket to the flat tax. Every dollar over $1 million (again adjusted for inflation annually) would be taxed at 30% rather than 20%. The additional 10% would be mandated to pay down the debt.
There is no corporate tax. Eliminate it. We can tax the money earned via capital gains taxation and distributions to shareholders. The only other way the money can come out of the firm is via salary/benefits... which would also be taxed. Done.
We would eliminate 70k+ pages of loopholes/deductions/subsidies...
Wrong again dimwit; I read the fallacy in the authors opinions and effort to use Baltic nations as proof that a flat tax would cause economic decline and was not convinced. Unlike you who googled something that would fit into your uninformed myopic hyper partisan tiny closed mindset.
You see Desh, dimwits like you do not want to deal with reality or facts; instead, you seek out that which will support your pre-conceived myopic closed minded partisan views.
You dont comprehend what is contained in most of your Wikipedia cut and paste jobs, nor do you comprehend that it is a less than credible source that anyone can change and contribute to.
You don't comprehend because you have no formal education on economics and are a blind hyper partisn fool who seldom thinks for yourself but instead, prefers to parrot DNC/Obama talking points like a trained circus monkey.
Here is a simple concept that would explain why a Fair Tax or Flat Tax would work; because it does not "favor" groups or individuals and allows people to keep more of what they EARN and therefore equates to spending and investing instead of wasteful unproductive tax avoidance schemes and crony capitalisim finding favor with professional politicians.
But I don't expect that to sink into that tiny drug dulled hyper partisan brain of yours...because you are really TOO stupid to comprehend them.
evince
Truthmatters
he didn't make up the names of the countries that are now on a flat tax did he?
which countries are on a flat tax ?
You claiming others are being assholes on this forum is the epitome of irony. You really are THAT incredibly stupid and repugnant.
evince
Truthmatters
Dear dimwit; the fabrication was not the countries named, but the insinuation that their economic decline was due to a flat tax and insufficient Government revenue.
But you're a hyper partisan leftist dimwit who seldom comprehends anything beyond the moronic DNC talking points you parrot like a trained circus monkey.
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The Almighty
Yes Desh, it IS a flat tax. It simply has a standard deduction that EVERYONE would get. You are too fucking retarded to even know what a flat tax is.
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The Almighty
So you are a fucking idiot? Thanks for yet again proving that FACT.
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The Almighty
Tell me Desh... why is it that you cannot tell us WHAT part of my flat tax is wrong? Why is it you can never articulate anything about YOUR position?
Out of everyone on the board, can you name ONE that would actually state that you are more intelligent on this topic than me?