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re: What about raise taxes on rich with more write offs?
Posted on 11/30/17 at 4:14 am to KeyserSoze999
Posted on 11/30/17 at 4:14 am to KeyserSoze999
I'm no tax expert but I do invest in dividend paying securities. All dividends are taxed at 18% whether you were paid 1$ or 10million$.
A very large portion of the super rich earn the majority of their income in form of dividends so they are taxed only 18%.
It seems to me that there should be a graduated scale for taxing dividends for example the first 100k a year is taxed at 15%. From 100k to 1m is 22%. Over 1m is 25%.
With this you could probably just lower everyone's income tax to some small flat rate and still have more revenue going to the government.
I also could be talking out of my arse.
A very large portion of the super rich earn the majority of their income in form of dividends so they are taxed only 18%.
It seems to me that there should be a graduated scale for taxing dividends for example the first 100k a year is taxed at 15%. From 100k to 1m is 22%. Over 1m is 25%.
With this you could probably just lower everyone's income tax to some small flat rate and still have more revenue going to the government.
I also could be talking out of my arse.
This post was edited on 11/30/17 at 4:17 am
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