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The Almighty
Yes you fucking idiot... a flat tax IS progressive if it has a standard deduction... how many fucking times do I have to say that?
super thinks this is a flat tax plan
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Yes you fucking idiot... a flat tax IS progressive if it has a standard deduction... how many fucking times do I have to say that?
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The Almighty
Dear fucking idiot... a FLAT tax means that all income is taxed at a constant level. A Flat tax with a standard deduction simply starts taxing at the CONSTANT rate at a point that is not $0. In my example it would start at $30k instead of zero. Every dollar for every person after that point would be taxed at the FLAT rate of 20%. You fucking idiot.
evince
Truthmatters
http://www.wisegeek.com/what-is-a-progressive-tax.htm
progressive tax is a tax rate applied to either income or profits, or spending, that increases as income/profits, or spending increases. This is the tax system used in the US, and in many other countries. Those who make the least amount of money tend to pay the lowest percentage of their income in taxes. People who make larger amounts of money are taxed at a higher percentage
progressive tax is a tax rate applied to either income or profits, or spending, that increases as income/profits, or spending increases. This is the tax system used in the US, and in many other countries. Those who make the least amount of money tend to pay the lowest percentage of their income in taxes. People who make larger amounts of money are taxed at a higher percentage
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The Almighty
So you are saying that you are a fucking idiot? Understood.
evince
Truthmatters
http://www.fairtax.org/site/PageServer?pagename=terms_glossary
Flat Tax:
In tax terms, "flat" simply means everybody pays the same rate; there is no graduation in the rate structure. If you graph income levels versus tax rates, you get a "flat" line. The "flat tax" is a tax on income with a single uniform rate and a standard deduction.
Flat Tax:
In tax terms, "flat" simply means everybody pays the same rate; there is no graduation in the rate structure. If you graph income levels versus tax rates, you get a "flat" line. The "flat tax" is a tax on income with a single uniform rate and a standard deduction.
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The Almighty
So you finally admit that you LIED about my proposal not being a flat tax? Good.
evince
Truthmatters
http://www.justplainpolitics.com/sh...ins-America-s-Biggest-Problem-Perfectly/page4
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Superfreak
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The Almighty
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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...
Quote from Cypress:
"Scientists don't use "averages". Maybe armchair supertools on message boards ascribe some meaning to "averages" between two random data points. And maybe clueless amatuers "draw a straight line" through two random end data points to define a "trend". Experts don't.
They use mean annual and five year means in trend analysis. Don't tell me I have to explain the difference to you. "
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this doesnt fit that
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The Almighty
Mine is a FLAT tax of 20% with a standard deduction. One rate, one deduction... just as YOUR definition stated.
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The Almighty
Dear fucking idiot... that is not a permanent part of the tax code. AS I STATED AND YOU IGNORED... that is an addition to the flat tax system that I suggested. That addition is a temporary tax. It is NOT a part of the permanent flat tax system.
But then, we know you are a LIAR and an IDIOT... so we cannot expect you to understand or be honest.
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The Almighty
and the FACT is, you are too fucking stupid to read what is written and actually comprehend it.
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The Almighty
Because that was my post from 2008... I cut and paste the entire thing.
I added the temporary tax as a suggestion to pay down the debt. It is not a part of the flat tax proposal. The flat tax is the part that will pay for ongoing expenses. The EXTRA TEMPORARY TAX was put there to pay down the debt. It is right there... in writing. I have stated it multiple times now... yet you continue to pretend to not understand it. Either that or you are a liar. You tell us... are you an idiot or a liar?