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Confront reality
- Oct 25, 2016
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I am not suggesting we should. I am suggesting that we should be fiscally responsible. The best way to accomplish that is to set the tax rate to the rate necessary to balance the budget and make all people share the burden proportionately. Overnight there would be a change.Yes, that is correct. The only deductions will be 25k for individual filings and 50k for joint filings. No exceptions.You think those loopholes won’t be there at 25 percent?First of all it’s a sliding scale secondly with all of the loopholes and deductions he probably pays a lower effective rate than a couple earning 300k jointly.Of course not. That is one of the stupidest tax plans ever envisionedAre you willing to pay a 25% flat tax without deductions. I am. But you aren’t and neither are the ultra wealthy.
Drop a billionaire from 37 percent to 25 percent and call it even?
Raise the rate to 25 percent for someone making $20,000 a year and call it fair?
But see, when I look at Europe, and the most recently France, this system of attacking the rich, under the theory it helps the poor..... doesn't play out.
This entire time you are chatting back and fourth on how much money can we soak the rich for.... but when has that ever worked throughout all the world, and all history? Never.
France has spent decades now, trying to soak the rich. It hasn't made things better for the poor. That's why the poor have been burning down France.
France Rang In The New Year Under A Cloud Of Heavy Security
You can't tax your country into prosperity. You can only tax your country into poverty. No matter how much you talk about how you'll make the wealthy pay this tax, or that tax, or some other tax, it will never work. It never has. It never will.
I agree with what you wrote.