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Message
Tax plan question
Posted on 11/15/17 at 5:57 am
Posted on 11/15/17 at 5:57 am
Theoretically could a simple plan like this work?
Income level $1 - $35,000 pay 5% taxes with no exemptions, deductions, or loopholes
Income level $35,000 - $250,000 pay 10% taxes with no exemptions, deductions, or loopholes
Income level $250,000 plus pay 15% taxes with no exemptions, deductions, or loopholes.
Income level $1 - $35,000 pay 5% taxes with no exemptions, deductions, or loopholes
Income level $35,000 - $250,000 pay 10% taxes with no exemptions, deductions, or loopholes
Income level $250,000 plus pay 15% taxes with no exemptions, deductions, or loopholes.
6
Posted on 11/15/17 at 6:04 am to Kirk Herbstreit
quote:
$35,000 - $250,000 pay 10%
That is an insane jump. You want some poor guy making 36k to pay 10% of his income?
Posted on 11/15/17 at 6:09 am to Kirk Herbstreit
quote:
Income level $35,000 - $250,000
The guy making 35k has such a wildly different standard of living than the guy making 250k that I don't think they belong in the same bracket.
This post was edited on 11/15/17 at 6:11 am
Posted on 11/15/17 at 6:19 am to northshorebamaman
It's a percentage. Nothing wrong with paying a fair share if we all have to pay.
That said, I'd prefer something more along the lines of 0% from $0-infinity.
That said, I'd prefer something more along the lines of 0% from $0-infinity.
Posted on 11/15/17 at 6:23 am to DisplacedBuckeye
I get that but trying to pull $3,500 from a guy making 35k is as useful as trying to squeeze water from a rock.
Posted on 11/15/17 at 6:26 am to Kirk Herbstreit
Since everything else is race based let's do taxes the same way.
White (bc privilege and shite) - 20% regardless of income level
Black folks - 1% bc reparations and shite
Yeah I know stupid as frick but so is everything else coming out of DC & the media so frick it
White (bc privilege and shite) - 20% regardless of income level
Black folks - 1% bc reparations and shite
Yeah I know stupid as frick but so is everything else coming out of DC & the media so frick it
Posted on 11/15/17 at 6:27 am to MrLarson
quote:
$35,000 - $250,000 pay 10%
quote:
That is an insane jump. You want some poor guy making 36k to pay 10% of his income?
You really don't get how the tax code works.
He would only pay 10% on every dollar above 35k and 5% on 1 to 35k
Posted on 11/15/17 at 6:27 am to DisplacedBuckeye
This is how badly conditioned we have become in this country. The $35k guy is gonna pay $3500 and the 250k will pay $25k and the gut response is, it’s not fair to the 35k guy. WOW. Does anyone think the guy making $250k is using 7x the amount of govt service??? Or is it just his fair share because, well damnit he makes more so he should have to pay more.
This post was edited on 11/15/17 at 6:29 am
Posted on 11/15/17 at 6:28 am to Wtodd
quote:
Since everything else is race based let's do taxes the same way.
White (bc privilege and shite) - 20% regardless of income level
Black folks - 1% bc reparations and shite
Yeah I know stupid as frick but so is everything else coming out of DC & the media so frick it
I would immediately Transition to Black
Posted on 11/15/17 at 6:30 am to Loserman
quote:
I would immediately Transition to Black
The black population would go from 13% to 89% overnight
Posted on 11/15/17 at 8:09 am to Wtodd
Ok so tweek the brackets a little to make it fair for everyone. Suppose everyone making from $1 - $50,000 pay 5 percent. The question is would a modified flat tax system work and would you be in favor of a system like this?
Posted on 11/15/17 at 8:13 am to Wtodd
[/URL][/img]Sammy Sosa would be fricked! LolThis post was edited on 11/15/17 at 8:16 am
Posted on 11/15/17 at 8:15 am to Wtodd
quote:
White (bc privilege and shite) - 20% regardless of income level
Black folks - 1% bc reparations and shite
If this is proposed, I'll immediately invest everything I have in a DNA testing firm. Everyone in America will be claiming that their 1% Sub Saharan blood entitles them to all those "respirations"!
Posted on 11/15/17 at 8:20 am to skidry
quote:
This is how badly conditioned we have become in this country. The $35k guy is gonna pay $3500 and the 250k will pay $25k and the gut response is, it’s not fair to the 35k guy. WOW. Does anyone think the guy making $250k is using 7x the amount of govt service??? Or is it just his fair share because, well damnit he makes more so he should have to pay more.
That is incorrect
Even without the 6k standard deduction he would only pay $1750(only pays 5% on money below 35k)
But since their is a 6k standard deduction he would only be taxed on 29k so his tax would be 1450
the 250k guy would pay 5% on the first 35k (1750)
and 10% on the money from 35k to 250k so (21,500 -350 because of the 6k standard deduction))
His total tax liability would be 22,950
Posted on 11/15/17 at 8:28 am to Loserman
quote:
the 250k guy would pay 5% on the first 35k (1750) and 10% on the money from 35k to 250k so (21,500 -350 because of the 6k standard deduction)) His total tax liability would be 22,950
I understand you are talking about under the current system. His suggestion has nothing to do with the current system.
quote:
with no exemptions, deductions, or loopholes
His question implies how I responded in my OP and he has since expounded upon it to once again imply that these are strict boxes.
Posted on 11/15/17 at 8:34 am to MrLarson
quote:
I understand you are talking about under the current system. His suggestion has nothing to do with the current system.
quote:
with no exemptions, deductions, or loopholes
His question implies how I responded in my OP and he has since expounded upon it to once again imply that these are strict boxes.
There has never been a tax code like that nor would there ever be.
IT would always tax the income levels according to the bracket they are in, and when brackets are crossed the extra monies would always get taxed at the higher rate.
Posted on 11/15/17 at 9:18 am to Kirk Herbstreit
all the middle class tax relief is temporary, almost all the changes to benefit the working poor go off the books in the mid20s.
and with the repeal of the mandate 13 million people will go off healthcare as well allowing Republicans to use about 338 billion to help pay for and make permanent cuts to the corporate tax rate.
even the pass thru rate is temporary.
Republicans are liars.
Find and Watch Gary Cohn with the CEOs yesterday when they were asked if they would use the cuts to hire workers and give raises.....2 raised their hands the other 50 sat still.
and with the repeal of the mandate 13 million people will go off healthcare as well allowing Republicans to use about 338 billion to help pay for and make permanent cuts to the corporate tax rate.
even the pass thru rate is temporary.
Republicans are liars.
Find and Watch Gary Cohn with the CEOs yesterday when they were asked if they would use the cuts to hire workers and give raises.....2 raised their hands the other 50 sat still.
Posted on 11/15/17 at 9:21 am to Cruiserhog
quote:
Find and Watch
You brought it up. Why don't you do us the honors.
Posted on 11/15/17 at 9:22 am to Kirk Herbstreit
quote:Nope. Because this....
could a simple plan like this work?
quote:.. would be a field day for democrats to demonize as “a tax cut for the rich”. It would be huuuige cut of what that group pays today.
Income level $250,000 plus pay 15% taxes with no exemptions, deductions, or loopholes.
How would we fund the government?
This post was edited on 11/15/17 at 9:23 am
Posted on 11/15/17 at 9:29 am to Kirk Herbstreit
How about this:
quote:
Income level $1 - infinite $ pay 5% taxes with no exemptions, deductions, or loopholes
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