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taxes are not to steal from the rich and it isn't to make the middle class poor either. People buy houses and use deductions as a way to afford those houses. You have no idea what your ripple would look like.I'll disagree with you on that.who will give to charities? The rich keep the money coming in on charities, you take away that loophole goodbye to money going there. I'm just sayin, where would the money come from?I doubt thatwell that will really kill off the poor and needy.
Tax policies to influence behavior should be done away with
So you want to leave in all the tax crap like tax credits for buying a certain car? Or for buying a certain water heater?
That is not the purpose of taxes
The sole purpose of taxation is to raise the revenue the government needs to perform its functions nothing else
is capital gains income?Do you consider peoples disposable income vs full income in your "fairness analysis ". Lower income people spend a lot of their income on bare necessities . Not so much higher income people .
By the way , this thread assumes that rich people are paying a higher % of taxes .
Income is income just like a gallon of gas of a gallon of gas.
Currently (2016) a single person making $20,000 a year income would pay $1,592.69 in income tax. That is with no deductions at all, and there's always something to deduct or an earned income tax credit lurking.So we have people hardly making ends meet. And you want to take more money away from them, increasing the demand for welfare and charity, decreasing consumer spending, creating more poverty. .. all in the name of fairness to the fat cats?The OP has proposed raising taxes dramatically on people making as low as minimum wage, or even lower I guess. He wants to tax every dollar earned, anywhere, any way.
You can either agree with him or debate him. It's his thread.
I haven't proposed a rate at all
I've said I'm not sure what the rate would be but yes those paying no tax would have to pay tax why do you have a problem with that?
Absurd.
I'm thinking we could be revenue neutral with a flat tax of 10% sorry but no one is going to have a huge lifestyle change if they take home 90 cents on the dollar
10% on a 20,000/year income is a $2000 tax where probably there was none before.
That is a huge 'lifestyle' change.
So yes, the 10% flat tax would hurt that person.
you have to define income.Do you consider peoples disposable income vs full income in your "fairness analysis ". Lower income people spend a lot of their income on bare necessities . Not so much higher income people .
By the way , this thread assumes that rich people are paying a higher % of taxes .
Income is income just like a gallon of gas of a gallon of gas.
taxes are not to steal from the rich and it isn't to make the middle class poor either. People buy houses and use deductions as a way to afford those houses. You have no idea what your ripple would look like.I'll disagree with you on that.who will give to charities? The rich keep the money coming in on charities, you take away that loophole goodbye to money going there. I'm just sayin, where would the money come from?I doubt that
Tax policies to influence behavior should be done away with
So you want to leave in all the tax crap like tax credits for buying a certain car? Or for buying a certain water heater?
That is not the purpose of taxes
The sole purpose of taxation is to raise the revenue the government needs to perform its functions nothing else
Yes I've already said thisis capital gains income?Do you consider peoples disposable income vs full income in your "fairness analysis ". Lower income people spend a lot of their income on bare necessities . Not so much higher income people .
By the way , this thread assumes that rich people are paying a higher % of taxes .
Income is income just like a gallon of gas of a gallon of gas.
you have to define income.Do you consider peoples disposable income vs full income in your "fairness analysis ". Lower income people spend a lot of their income on bare necessities . Not so much higher income people .
By the way , this thread assumes that rich people are paying a higher % of taxes .
Income is income just like a gallon of gas of a gallon of gas.
you have to define income.Do you consider peoples disposable income vs full income in your "fairness analysis ". Lower income people spend a lot of their income on bare necessities . Not so much higher income people .
By the way , this thread assumes that rich people are paying a higher % of taxes .
Income is income just like a gallon of gas of a gallon of gas.
Word.
That's the problem with flat tax proposals . They don't address the complexity of what equals income .
Not everyone is an hourly employee.
Yes I've already said thisis capital gains income?Do you consider peoples disposable income vs full income in your "fairness analysis ". Lower income people spend a lot of their income on bare necessities . Not so much higher income people .
By the way , this thread assumes that rich people are paying a higher % of taxes .
Income is income just like a gallon of gas of a gallon of gas.
Any and all income no matter the source
Yes I've already said thisis capital gains income?Do you consider peoples disposable income vs full income in your "fairness analysis ". Lower income people spend a lot of their income on bare necessities . Not so much higher income people .
By the way , this thread assumes that rich people are paying a higher % of taxes .
Income is income just like a gallon of gas of a gallon of gas.
Any and all income no matter the source
The guy down my street has his own roofing biz. Works out of his home , has a couple work trucks, pays a couple of guys to help . How would you calculate his income ?
And this is a simple example !
What if I work as a manager in an apartment complex . Part of my job is that I live rent free. Do you count that free apartment ? The full rent as income ? How about utilities ?
No. Those are a proper use of legislative authority, and it's important to understand the difference.who will give to charities? The rich keep the money coming in on charities, you take away that loophole goodbye to money going there. I'm just sayin, where would the money come from?I doubt thatwell that will really kill off the poor and needy.Yes churches are nothing but businesses I'll add charities to that list too
I thought you'd all giggly about getting rid of deductions for charity after all it's how all those rich assholes pay less in taxes
Tax policies to influence behavior should be done away with
What about criminal and civil law to influence behaviour?
Yes I've already said thisis capital gains income?Do you consider peoples disposable income vs full income in your "fairness analysis ". Lower income people spend a lot of their income on bare necessities . Not so much higher income people .
By the way , this thread assumes that rich people are paying a higher % of taxes .
Income is income just like a gallon of gas of a gallon of gas.
Any and all income no matter the source
The guy down my street has his own roofing biz. Works out of his home , has a couple work trucks, pays a couple of guys to help . How would you calculate his income ?
And this is a simple example !
Just like you would any other business.
Tax implications of living rent-freeWhat if I work as a manager in an apartment complex . Part of my job is that I live rent free. Do you count that free apartment ? The full rent as income ? How about utilities ?
What if I work as a manager in an apartment complex . Part of my job is that I live rent free. Do you count that free apartment ? The full rent as income ? How about utilities ?
Free rent would be considered as compensation to be taxed today in our current tax code why would that change?
Yes I've already said thisis capital gains income?Income is income just like a gallon of gas of a gallon of gas.
Any and all income no matter the source
The guy down my street has his own roofing biz. Works out of his home , has a couple work trucks, pays a couple of guys to help . How would you calculate his income ?
And this is a simple example !
Just like you would any other business.
There's the rub. Self employed people have all kinds of write offs . You may be surprised what ends be being their "taxable income " .
well I get 18k deduction on my two homes, and I can tell you what if I had to pay more taxes, I couldn't afford two. you're nuts.taxes are not to steal from the rich and it isn't to make the middle class poor either. People buy houses and use deductions as a way to afford those houses. You have no idea what your ripple would look like.I'll disagree with you on that.who will give to charities? The rich keep the money coming in on charities, you take away that loophole goodbye to money going there. I'm just sayin, where would the money come from?
Tax policies to influence behavior should be done away with
So you want to leave in all the tax crap like tax credits for buying a certain car? Or for buying a certain water heater?
That is not the purpose of taxes
The sole purpose of taxation is to raise the revenue the government needs to perform its functions nothing else
People would still but houses for the same reasons they do now.
They just wouldn't get the tax returns they do now ans no one who buys a house and noe one who lends for a house uses the income deduction on a tax return in their financial calculations
What if I work as a manager in an apartment complex . Part of my job is that I live rent free. Do you count that free apartment ? The full rent as income ? How about utilities ?
Free rent would be considered as compensation to be taxed today in our current tax code why would that change?
How about free lunches ? Health insurance ?
People on disability . Is that income ?
well I get 18k deduction on my two homes, and I can tell you what if I had to pay more taxes, I couldn't afford two. you're nuts.taxes are not to steal from the rich and it isn't to make the middle class poor either. People buy houses and use deductions as a way to afford those houses. You have no idea what your ripple would look like.I'll disagree with you on that.Tax policies to influence behavior should be done away with
So you want to leave in all the tax crap like tax credits for buying a certain car? Or for buying a certain water heater?
That is not the purpose of taxes
The sole purpose of taxation is to raise the revenue the government needs to perform its functions nothing else
People would still but houses for the same reasons they do now.
They just wouldn't get the tax returns they do now ans no one who buys a house and noe one who lends for a house uses the income deduction on a tax return in their financial calculations
you do understand monthly interest and property taxes are also paid on homes, as is insurance per month. I do that times two, along with flood insurance for one home. you're a nut case if you think folks will buy into that. Especially when I haven't had a pay increase in over 12 years.
