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Message
re: what should the tax rate be realistically?
Posted on 10/7/21 at 3:51 pm to bdavids09
Posted on 10/7/21 at 3:51 pm to bdavids09
0%. Income taxes are unconstitutional. The only taxes that exist should be on imported goods. If we could do this, it would GREATLY reduce frivolous spending, manufacturing jobs would be through the roof, and our national debt would be nonexistent.
But, that’s too simple or honest for politicians who want to use MY hard-earned money to blackmail people and embezzle votes to keep themselves in power.
But, that’s too simple or honest for politicians who want to use MY hard-earned money to blackmail people and embezzle votes to keep themselves in power.
2
Posted on 10/7/21 at 3:57 pm to bdavids09
quote:
Was it really 90 percent? that just seems like communism.
No, it wasn't. Only about 10,000 households were affected by the "marginal" 91% tax rate. That 91% was for income in excess of $200,000, not for all earnings. VERY few households earned in excess of $200k back then. And yes, it was communism
quote:
The 91 percent bracket of 1950 only applied to households with income over $200,000 (or about $2 million in today’s dollars). Only a small number of taxpayers would have had enough income to fall into the top bracket – fewer than 10,000 households, according to an article in The Wall Street Journal. Many households in the top 1 percent in the 1950s probably did not fall into the 91 percent bracket to begin with.
Even among households that did fall into the 91 percent bracket, the majority of their income was not necessarily subject to that top bracket. After all, the 91 percent bracket only applied to income above $200,000, not to every single dollar earned by households.
Finally, it is very likely that the existence of a 91 percent bracket led to significant tax avoidance and lower reported income. There are many studies that show that, as marginal tax rates rise, income reported by taxpayers goes down. As a result, the existence of the 91 percent bracket did not necessarily lead to significantly higher revenue collections from the top 1 percent.
LINK
This post was edited on 10/7/21 at 3:58 pm
Posted on 10/7/21 at 4:00 pm to sumtimeitbeslikedat
quote:
Income taxes are unconstitutional
The Consitution specifically provides Congress the right to impose and collect taxes. I don't think unconstitutional is the word you're looking for here
This post was edited on 10/7/21 at 4:00 pm
Posted on 10/7/21 at 4:03 pm to kingbob
quote:
Sales taxes on retail goods, usage/permitting fees, tariffs, and MAYBE property taxes are the only acceptable forms of taxation in my opinion.
I think property taxes should be illegal. In essence because of property taxes you never truly own your home.
Posted on 10/7/21 at 4:08 pm to bdavids09
Anything more than a single digit flat tax is too much.
If those in power can get people to pay 2% then they automatically try and get 3%.
If they get 3% then they want 4%
it never stops.
If those in power can get people to pay 2% then they automatically try and get 3%.
If they get 3% then they want 4%
it never stops.
Posted on 10/7/21 at 4:18 pm to bdavids09
If 10% is good enough for the Lord, then why should the government get anymore. NO EXEMPTIONS...EVERYONE PAYS!
Posted on 10/7/21 at 4:23 pm to bdavids09
Cost of govt divided by number of citizens = what each citizen should pay.
It’s the only fair way.
It’s the only fair way.
Posted on 10/7/21 at 5:58 pm to bdavids09
Should all be consumption taxes, with requirements for balanced budget, and DOD based on some sort of millage rate for population.
Posted on 10/8/21 at 3:39 pm to lsufball19
quote:
The Consitution specifically provides Congress the right to impose and collect taxes. I don't think unconstitutional is the word you're looking for here
Income tax. Tax on personal, self-earned revenue. That was ruled unconstitutional by the Supreme Court in the late 1800s. The Democrats, after many, many attempts at subterfuge, DID succeed in pushing through the 16th amendment, but under the guise that 90% of the US would NOT have to pay bc they didn’t make enough per year. Then, the ones that did have to pay we’re only due 1% or 2% of their income. However, the Dems did exactly what they are trying to do today with pushing more Marxist ideology - they demonized the rich as a culprit to fool the public into supporting this “tax that would only affect the rich”. Well, we all know and feel how that evolved, as we all now have 30-40% stolen from our checks each month, and now the Dems are wanting EVEN MORE. It’s a Democrat movement that they are selling as “innocent”, but is ultimately meant to ensnare and subjugate ALL Americans into financial and governmental slavery. And the strategy is proven to work. People and “decent” politicians are too stupid and/or greedy to stop electing and supporting the same lying power-hungry wolves who created the income tax monster by convincing their useful idiot constituents that what they are doing in the halls of congress is innocent, necessary, and won’t affect them - just the ones the dem politicians choose to demonize.
By the way, the man that initiated the 16th amendment “movement” was FDR’s Sec State. We all know how much of a Marxist he was.
DONT BE BLIND AMERICA
Posted on 10/8/21 at 3:43 pm to bayoudude
This is the best answer. A true use tax. Pay 10-15% on buying a multi million dollar home, yacht or car just like someone going to Best Buy and buying a new tv. All is equal but keep your money in your pocket if you aren’t spending it.
Posted on 10/8/21 at 3:46 pm to sumtimeitbeslikedat
quote:
16th amendment
So... not unconstitutional.
Posted on 10/8/21 at 3:50 pm to bdavids09
Our employers should send our paycheck to the govt in DC and they will decide how much we really need and send us that check. Then every citizen will have what they need.
Posted on 10/8/21 at 3:53 pm to bayoudude
quote:
Fed should be forced to yearly audit like every other decent sized company
This. Everything on this planet has to balance their budgets except the government.
If they balanced anything, tax rates would work themselves out
Posted on 10/8/21 at 4:02 pm to bdavids09
Fair Tax. Based on consumption.
Posted on 10/8/21 at 4:02 pm to sumtimeitbeslikedat
quote:
Income taxes are unconstitutional.
I mean except for that pesky amendment that specifically made them so, yeah.
This post was edited on 10/8/21 at 4:03 pm
Posted on 10/8/21 at 4:03 pm to bdavids09
Whatever it is, it should be the same for everyone.
Posted on 10/8/21 at 4:14 pm to bdavids09
15% flat sales tax across the board.
16th Amendment amended to remove income taxes and only allow sales taxes. Also should require that the government's budget cannot be more than 10% more than the prior years collected revenue unless there's a 3/4 vote in both houses of Congress for that year only.
16th Amendment amended to remove income taxes and only allow sales taxes. Also should require that the government's budget cannot be more than 10% more than the prior years collected revenue unless there's a 3/4 vote in both houses of Congress for that year only.
Posted on 10/8/21 at 4:20 pm to bdavids09
These are my personal thoughts, subject to some limited adjustments
4 tax brackets. No deductions One negotiation/ discussion is married filing jointly.. one can argue we shouldn’t or at this point don’t reward family units. Personally I’d say first bracket is doubled for joint filers to encourage family structure in middle class households
I’m also for phase out and reboot of social security/Medicare programs lowering rates using a hybrid public/private investment strategy along with the same within the insurance realm for elderly
Brackets
First 10. No tax
10-60k. 5%. 20-120 for joint filers
60-250(120-250 joint) 10%
250-million 15%
Above million. 17%
Capital gains rate to 10% with carryovers to encourage investment
All brackets adjusted for inflation/deflation on a 3 year basis
4 tax brackets. No deductions One negotiation/ discussion is married filing jointly.. one can argue we shouldn’t or at this point don’t reward family units. Personally I’d say first bracket is doubled for joint filers to encourage family structure in middle class households
I’m also for phase out and reboot of social security/Medicare programs lowering rates using a hybrid public/private investment strategy along with the same within the insurance realm for elderly
Brackets
First 10. No tax
10-60k. 5%. 20-120 for joint filers
60-250(120-250 joint) 10%
250-million 15%
Above million. 17%
Capital gains rate to 10% with carryovers to encourage investment
All brackets adjusted for inflation/deflation on a 3 year basis
This post was edited on 10/8/21 at 4:22 pm
Posted on 10/8/21 at 4:26 pm to bdavids09
ZERO across board and only sales tax
This post was edited on 10/8/21 at 4:27 pm
Posted on 10/8/21 at 5:16 pm to bdavids09
45% flat tax across the board, in order to pay for the new infrastructure and Build Back Better agendas.
That won't sit well with the New Rich, wage earners making under 100K.
That won't sit well with the New Rich, wage earners making under 100K.
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