The "rich" needs a tax break
- Thread starter Jeslek
- Start date
Mind if I watch, flav? You're good at this...
Jeslek
Banned
Um dude, if you make $36,000 you would pay 17% on $1,000. If you made $70,000, you would pay 17% on $35,000....outside looking in said:Jerrek said:
OK, I'm all in favor of a flat tax, but the above suggestion is ludicrous.
If you make $35,000 a year you keep $35,000 a year.
If you make $36,000 a year you keep $29,880 a year.
In fact, you'd have to make $43,375 to keep the same amount as someone making $35,000.
No, you have three choices:
(1) A flat tax across the board
(2) A linear tax across the board
(3) A linear tax up to some point, and it's flat from thereon.
I'd vote for number (1) first, and number (3) next, with (3) being the closest to what we have in the US currently.
Whoever said we should have a flat tax and fix the loopholes had it right.
outside looking in
<b>Registered Member</b>
Then your original statement was just poorly worded.Jerrek said:
OK, that part is clear enough. Under $36,000, zero tax.Jerrek said:
I guess I missed the part where you said 17% on the portion in excess of $35,000. You said pay 17%, not stipulations, no qualifiers, just pay 17% if you make $36,000 or better.
But I'd be fine with what you meant to say. That's option (3) I outlined previously, and it's the way the US tax system is supposed to work, albeit with different percentages and different exempt and flat tax points (corresponding to the $35,000 and $70,000 in what Forbes proposed - if I'm not mistaken, those points are currently at, what, roughly $6000 and $300,000?).
flavio
Banned
You pay Canadian Pension Plan and Unemployment Insurance. I got that part.
So when I said "I thought you only work part of the year and don't pay taxes" it sounds like that was true.
And by saying "You thought wrong" you actually meant "You are correct sir".
I think I'm catching on here but it's a little tricky with all the fog you throw in.
So how much of the year do you work? When you said "I am a stull time student, and I work full time too." does that mean simultaneously? From my understanding co-ops aren't usually run that way.
So when I said "I thought you only work part of the year and don't pay taxes" it sounds like that was true.
And by saying "You thought wrong" you actually meant "You are correct sir".
I think I'm catching on here but it's a little tricky with all the fog you throw in.
So how much of the year do you work? When you said "I am a stull time student, and I work full time too." does that mean simultaneously? From my understanding co-ops aren't usually run that way.
Jeslek
Banned
It doesn't... I alternate 4 months. 
But institutions consider me a full time student, even when I work, and they also consider me a full time worker, even when I study. In a year, I work either 8 months (this past year I did), or 4 months (2003 I will only work 4 months). 2004 I will work 8 months again.
But institutions consider me a full time student, even when I work, and they also consider me a full time worker, even when I study. In a year, I work either 8 months (this past year I did), or 4 months (2003 I will only work 4 months). 2004 I will work 8 months again.
I think Prof was kidding LL.
If you want to go off on a tangent of unfair taxes, how about fee's imposed, mandatory insurance & the like. Anything that is required to be paid before "privileges" are granted is a tax. How about paying property tax? One is never a homeowner, taxes are forever. Your telephone bill is full of taxes, surcharges & fee's imposed. Same with your satelite, cable, water, electricity & gas.
In a nutshell, we pay too many taxes-rich & poor alike. The burden is shifted to the working class because there is no tax on wealth. Get $100,000,000. & never pay taxes again, except on your dividends.
If you want to go off on a tangent of unfair taxes, how about fee's imposed, mandatory insurance & the like. Anything that is required to be paid before "privileges" are granted is a tax. How about paying property tax? One is never a homeowner, taxes are forever. Your telephone bill is full of taxes, surcharges & fee's imposed. Same with your satelite, cable, water, electricity & gas.
In a nutshell, we pay too many taxes-rich & poor alike. The burden is shifted to the working class because there is no tax on wealth. Get $100,000,000. & never pay taxes again, except on your dividends.