“Tax them at the same rate. If they are a retired person living off of a few investments and maybe social security, then they wont be taxed so much. If they are a big CEO with a huge salary then their investment income will be taxed at their higher rate.

Yeah, because that totally makes perfect sense. :crazy_face:

It doesn’t look like your examples take into consideration the amount of low cost things available for low income people. Low housing and snap programs among other programs.

Why would they? You are aware those are completely separate programs and each have their own rules for qualifying for them, right? Not to mention if you’re already signed up for one, that can make you ineligible for others. If you think anyone on minimum wage qualifies for housing assistance (other than Section 8), I’ve got news for you.

“Progressives thing high wage earners need to be punished and have their wealth redistributed to the poor.”

Strange. I’ve never heard of an issue with actual earners. Now a CEO who makes 1000x what the working slob down on the assembly line does? How much of that is actually “earned”?

Bezos makes more in one day than over a hundred people make in their lifetimes. Has he earned it?

And before you start spouting about the cost of labor going into the price of the product/service keep in mind that I handle billions of dollars worth of product daily. One mistake can cost millions of dollars. How much is not making a single mistake (again, that could potentially cost millions) worth when handling thousands of units a day over the span of several years?

Yes, it does. From your emoticon, am I to understand you can’t understand it?
Salaries and dividends should be taxed on the same rate scale. If someone has a large salary they will be taxed at a high rate…and so will any dividend income…i.e. the same higher rate. If someone is retired and living off of social security supplemented by a few dividends then they will be taxed at the lower rate for a low income earner.
Get it?

Celebrate income inequality. After all, as an American you have it compared to much of the world.

I get what your saying, (now) although I don’t agree it will work in practice. Look no further than Amazon, which I mentioned previously. Under the current tax rate they should have paid a lot more than they actually did. I’d be more in favor of a flat rate for all income. Or better yet no tax on income at all. We do just fine with our sales tax. No income tax necessary and it actually is the same rate for everyone.

Well that just makes everything okey dokey then I guess. :roll_eyes:

He earned it just as much as the rest of the people who earn money in the company.

What is his salary – do you know by chance?

No matter what the goods or services . . . cost of labor is a part of what sets the price for the product. What happens when you DOUBLE the minimum wage? If you have lower income workers, it will effect the price of the item more than higher wage earners . . .unless those higher wage earners now demand and even high wage because they are too close in wage to those just being hired.

Better than feeling entitled to stuff at other people’s expense in a system of involuntary participation and Arbitrary government.

Then you should like my business/corporate tax propoal.

All business income counted (earned and unearned). Only deductions are for money paid out that is taxed on the personal level (wages, dividends, interest and the like). They would also get a deduction for any tax paid to a foriegn government from their income. That leads to adjusted gtross income. Then a 30% deduction. That leads to net income that is taxed at a single rate. Your corporation (aka apple, amazon and the other biggies), They won’t be taking a lot of deductions anymore, they won’t be reducing the income on paper.

Now for off shore money. My proposal would be this. If the money isn’t subjerct to tax in the United States, they can’t report it on their bottom line for investors. So if apple has sales of 2 billion dollars they don’t bring home for taxing, their income reported to investors drops by 2 billion until it’s returned to where the US can tax it.

So working is voluntary and not compulsory? :thinking: Man I wish I knew how to take advantage of all this socialism that will magically pay all of my bills without having to work. Where do I sign up?

No. There wouldn’t be any deductions, exceptions, loop holes, or any of that other garbage under any true “flat” plan. And if some people are getting those, then how is everyone paying the same rate? Just more of the same crap in different packaging.

No he didn’t, by the literal definition of the word. Of course where I’m from things are earned with three things: blood, sweat, or tears. There is literally nothing and I mean nothing a CEO does that warrants such a ridiculous salary.

I say tax the 47 percent who pay no income taxes at that rate too.

If their pay is low their taxes would be low as well but they would be contributing something.

Too many who contribute nothing sit around with their hands held out at every opportunity. That might slow that down a bit.

Bet many libs would squeal over that.

This I doubt will go far in congress many are involved heavily in the market. It would hammer me personally if this was passed more than any tax out there right now. They sure to bleed a person in every corridor of ones investments.

Under my plans . . . essentially everyone gets the same deductions. I’m not seeing ANY deductions in my plans that are not available to all. The only one would be for a deduction for taxes paid to another country. That effects multi national companies.

Money paid to individuals (that is taxed at that point). 30% deduction. That’s it. for corporations.
For individuals a single deduction that is the same for everyone.

At that point they ALL pay the same rate under my flat tax plan. More that is made, the more money goes into the system. But it’s the same percentage of income.

It is okay if someone, not having a job, has a life that seriously sucks. They are not entitled to have government take from others to give to them, especially when said government has no delegated power to do so as is actually the case with the federal government.

It is also okay if others have far more than they may ever need.

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So computer programsers, writers, and a host of others don’t do anything tro earn their money? Really??

Have you ever done any of those things? I have. Try again.