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re: In theory, would you be OK with only letting citizens vote if they filed their taxes?
Posted on 4/7/21 at 9:46 am to squid_hunt
Posted on 4/7/21 at 9:46 am to squid_hunt
quote:
We don't have a flat tax and you're saying that we would all pay more if we went to flat tax. So why don't we have a flat tax?
Flat income tax or flat sales tax? At what rates? Sure, you could design a flat tax where the middle class pays a lower percentage of their income as taxes, but so would Bezos.
The "upper middle class" - how are you defining that? Where are your stats for what they're pushing for?
Posted on 4/7/21 at 9:49 am to dltigers3
I’m not a troll the morons who think you need to pay taxes to vote are trolls
Posted on 4/7/21 at 9:50 am to UncleLester
No. Income taxes are theft.
Posted on 4/7/21 at 9:51 am to i am dan
Of course you can sit and shoot holes in it and there would need to be some simple formula involved. A married stay at home mom is adding to the pot of course. Its the most important job anyone could have in 2021 IMO.
Posted on 4/7/21 at 9:53 am to BiteMe2020
quote:
Flat income tax or flat sales tax? At what rates?
Sales tax.
And rate is immaterial because it would obviously fluctuate because government gets greedy.
quote:
Where are your stats
You first.
Posted on 4/7/21 at 9:55 am to BiteMe2020
quote:
A flat sales tax would penalize the middle class, compared to the rich. The rich spend a much smaller percentage of their income and wealth acquiring taxable goods. So Bezos would probably be in favor of a flat sales tax instead of an income ta
I’m 100% in favor of a flat nationwide sales tax, and the elimination of all other taxes.
And this argument above is wrong. Right now, the rich like Bezos are able to get around paying income taxes by clever accounting. That was one of the lefts constant attacks on Trump… A flat sales tax gets around that. It would have everyone putting into the system. It would also allow a large portion of the IRS to be eliminated which I think everyone can get on board with.
Flat sales tax seems to work just fine in Tennessee.
Posted on 4/7/21 at 9:57 am to UncleLester
You can vote only if you have paid a net of $2000 in federal income taxes.
Posted on 4/7/21 at 9:59 am to dltigers3
quote:
And this argument above is wrong. Right now, the rich like Bezos are able to get around paying income taxes by clever accounting.
It's not wrong. The actual answer is inconclusive, because a bunch of backyard pundits are making claims without all the details.
Your "clever accounting" claim is based on the income tax laws we have now. You assume Congress won't make a flat tax as complicated as our income tax. What goods are taxable? Is a house now taxable? That's not going to go over well at all.
A bunch of stupid, naive arguments are made for a flat sales tax, without enough details to actually make a decision.
And frick Tennesee. Texas has a "flat sales tax", too.
Posted on 4/7/21 at 10:04 am to BiteMe2020
quote:
A bunch of stupid, naive arguments are made for a flat sales tax, without enough details to actually make a decision.
None of this is an argument against a flat sales tax.
quote:
And frick Tennesee. Texas has a "flat sales tax", too.
Just means there are models out there to look at.
Posted on 4/7/21 at 10:07 am to BiteMe2020
quote:
It's not wrong. The actual answer is inconclusive, because a bunch of backyard pundits are making claims without all the details.
It is most certainly wrong in the vast majority of cases
Top 400 filers had a lower effective tax rate than the middle class
quote:
Your "clever accounting" claim is based on the income tax laws we have now. You assume Congress won't make a flat tax as complicated as our income tax. What goods are taxable? Is a house now taxable? That's not going to go over well at all.
Exactly, you said bezos would prefer a flat sales tax over an income tax. I’m telling you that none of these super rich are paying their tax rate. That’s a fact. As far as complicating a flat sales tax, the whole point of the flat sales tax is it uncomplicates the system. And we are arguing about a dream scenario anyway because congress would never pass it.
quote:
And frick Tennesee. Texas has a "flat sales tax", too.
What’s your beef with TN? Haha
This post was edited on 4/7/21 at 10:09 am
Posted on 4/7/21 at 10:09 am to squid_hunt
quote:
None of this is an argument against a flat sales tax.
It is, though it's hard to explain it to someone who isn't good at math.
Posted on 4/7/21 at 10:09 am to BiteMe2020
quote:
It is, though it's hard to explain it to someone who isn't good at math.
A silly argument when you haven't presented any math.
Posted on 4/7/21 at 10:14 am to squid_hunt
quote:
A silly argument when you haven't presented any math.
You're the one apparently advocating a national sales tax. Let's start with a simple question: What's the rate?
Second, what goods and services are subject to the national sales tax? Buying a home? How about a car? How about services? Paying someone to do your taxes? How about buying stock? Is that subject to sales taxes, too?
Hard to do the math with the dumb-dumb club is advocating a new tax with no details.
A national sales tax applied only to consumer goods, not services and real property, might make sense at 3%. It might not make sense if you take into account what people spend their money on, and what the rate might be?
Will Bezos be subjected to a sales tax for buying a competing company for $1.2 billion? Would it apply then?
Dumb fricks don't seem to have the answers.
This post was edited on 4/7/21 at 10:17 am
Posted on 4/7/21 at 10:16 am to squid_hunt
quote:
silly argument when you haven't presented any math.
Here is some math for him, Bezos salary is 81k with Amazon, that’s all he pays income tax on.
Now he has stock options which he pays long term capitol gains on at 20%.
For comparison, my income tax bracket is 22%. So I pay a higher percentage than Jeff Bezos, now that is clever accounting
So tell me again why he would prefer a flat sales tax?
Posted on 4/7/21 at 10:18 am to BiteMe2020
quote:
You're the one apparently advocating a national sales tax. Let's start with a simple question: What's the rate?
I already answered: The rate would be adjustable. Clearly. And as I stated earlier, the nice thing about a sales tax is that it would have immediate feedback. If it's too high, it will slow the economy. When it is reduced, the economy will pick up. It also has a top limit already built in because you can only raise taxes so high where it becomes a negative return.
All sales transactions would be. I'm sure someone would want a carve out for groceries or other necessities, which I won't quibble over.
You're an accountant aren't you?
Posted on 4/7/21 at 10:19 am to dltigers3
They paid a lower rate, so what?
Posted on 4/7/21 at 10:19 am to dltigers3
quote:
So tell me again why he would prefer a flat sales tax?
He might prefer a national sales tax because his purchase of 100 million shares of Microsoft is exempt from sales tax.
Again, we don't have enough details at all to do the analysis.
How is that controversial? Spell out the policy - in detail - then math can be done. If you have to make assumptions, then you're not really taking this proposal seriously.
Most middle class households do not save as much as you think, so a higher percentage of their income, compared to Bezos, would be taxed. That translates into an effective tax rate, which nobody can seem to calculate, because the details are unknown.
That's the proposers' problem, not the skeptics' problem.
Posted on 4/7/21 at 10:20 am to squid_hunt
quote:
I already answered: The rate would be adjustable.
So, you didn't answer the question in a manner where actual math can be done.
Thanks, dumb dumb.
Posted on 4/7/21 at 10:20 am to UncleLester
Democrats:
“Taxes are racist!!!! Only white people pay taxes!!!!”
“Wait...”
“Taxes are racist!!!! Only white people pay taxes!!!!”
“Wait...”
Posted on 4/7/21 at 10:22 am to BiteMe2020
quote:
He might prefer a national sales tax because his purchase of 100 million shares of Microsoft is exempt from sales tax.
Once again, Jeff Bezos wants a national sales tax ignores common sense and the reality of the matter. His business is sales. Also, where has Bezos advocated for a sales tax? He certainly doesn't seem shy about using his position to push policy, but his advocacy is so secret no one has seen it?
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