What are fair taxes? How progressive should the U.S. tax system be?
A progressive tax increases as the taxable amount increases. The tax burden incurred includes roads I do not travel on, so why is there a division of 'us' versus 'them', taxpayers vs freeloaders?. Isn't slashing domestic programs that feed children 'a bridge too far'? Trickle down economics is exactly what it sounds like. What do you consider to be a fair tax scheme?
No taxes are needed. The government owns all the money already. The system is designed to remove a portion of the income of the people to control them. If they really needed money they could invest the money they already have and it would multiply beyond human comprehension.
I don't understand, if all money is fiat, & it's printed out based by the banks, then why banks what "more" more what?
An extreme example. Most fines are designed to take away money from people. To take away money in their eyes is punishment because the person has less cash or freedom. So money represents freedom. If they take away money, people have less freedom.
Either the country believes in the 14th amendment across the board, or they don't. All the social issues were adjudicated using the 14th am, and yet when it applies to non social issues, it is not used, and there is NO Equal Protection, and there is Discrimination.
Consider that the progressive tax system has never worked, and the proof is the 1% of wealth equaling or bettering the 99%.
Since 2008, most of the billionaires and especially Bill Gates have more than doubled their wealth. And they did it because of the Internal Rev Code which favors the poor and the rich. The poor don't pay taxes, but can get earned credits, and other benefits. While the rich can use a lot of it. As for the middle class they can only use a few that were not cut from 1986 TRA.
In addition, look what Congress did in 2013 to the medical deduction threshold. They raised it from 7.5% to 10%, and based on the hype from ACA they should have lowered it to 2%.
A National Sales tax would be non discriminatory and give equal protection to everyone. Not a Flat Tax because it still involves the Internal Rev Code.
The NST could be brought in to 10 or 12%, and it would mirror existing state sales tax. The FICA would still come out of wages but not be in the NST.
The federal govt also needs to recede and relinquish back to the states, on things like your food programs. The locals know best how to take care of their own.
Your don't go into the specifics for these cuts to food programs etc. If these people had jobs, the proverbial fishing pole, they could catch their own fish. Previous administrations have focused mostly on the fish, instead of the fishing pole.
There is a lot of fraud in these programs, and they have been used by generations of people. 46 million people on SNAP that is about 1 out of every 5 families. How does continuing to support the fraud and throw them fish help either them or the country?
Fair taxes are equal taxes. and 10% of $100 is equal to 10% of $100 million. They already pay this in state sales tax, so any argument against it has already lost at that level.
So $10 is fair to the lower income, and $10 million fair to the upper income.
There is no equality in progression. And it doesn't really work out that way because of the loopholes in the Internal Rev Code.
by ga anderson 20 months ago
First, a little housekeeping;Recent comments by Wilderness and Live to Learn prompted me to refer to an old thread by My Esoteric.The motivating comments related to what a "Fair" taxation structure should be.I now believe that out current 'progressive' income tax structure is one that at...
by ga anderson 2 years ago
Much is heard of a demand that corporations and the wealthy pay their "fair share" of taxes, but I have heard little of what that share should be.With only a single restriction; that the discussion is about legal tax actions, what should that "fair share" be?One could say that...
by taburkett 5 years ago
Is it time to replace the IRS with a true fair tax system?Is it time to replace the IRS and current disproportionate tax system with a 1% charge on every commercial monetary transaction that creates equal contribution for all?
by Ralph Schwartz 14 months ago
Can someone define what their, or anyone else's "fair share" is?Each day I hear complaints about rich people not paying their "fair share" of taxes - someone define "fair share" for me.
by SparklingJewel 6 years ago
I don't claim to be a big financial, economics know it all (how could anyone, frankly, but the link here is a conservative version of the current presidents tax creation scenario for next yearcan anyone that monitors similar information from the liberals post a comparison for us all to learn...
by Alex J. Reissig 6 years ago
Would you support a flat 15% income tax?Would you support a flat 15% income tax in this country? Other than a personal deduction (possibly in the neighborhood of 25k per individual/50k per couple) there would be no deductions.
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