Title says it all.

10% federal income tax for EVERYONE that's employed. This would help end financial class warfare and discrimination.

Discuss.

No it wouldn't. It would create a fantastically wealthy elite. It's not financial discrimination, it's progressive taxation. You're just a dittohead.

No it wouldn't. It would create a fantastically wealthy elite. It's not financial discrimination, it's progressive taxation. You're just a dittohead.

Do I sense "a little" jealousy ? :bugeye:

This would help end financial class warfare and discrimination.


what do you mean by this?

Do I sense "a little" jealousy ? :bugeye:

No, it's fear of the power of a wealthy elite. Our founding fathers were also against excessive taxation, but because we wouldn't have the resources and free time to then prevent tyranny on the part of our government.

A flat tax would take a proportion of a poor person's money that is significant to them. It would effectively lower the tax of wealthy people to an insignificant level.

No income tax would even be better. Having a sales tax on things bought would be a better way to collect money.;)

Collect taxes based on consumption....so that people would have incentive to produce more....after all, GDP numbers are based on consumption....

taxing consumption on certain goods is appropriate - but not all - otherwise it simply ends up as a regressive tax system with the poor paying a far larger proportion of their income in tax.

Overall my feeling is that one of the main tax related problems in the USA is not how taxes are raised - but how they are spent.

Think about all of the garbage "faith-based" initiatives that have had money wasted on them - how about some FACT based initiatives for a change?

Instead of making shit up about Al Qaida being a threat (its not - it barely exists) - and wasting billions on security and foreign wars - why not spend it on healthcare and education? - that would go a loooong way to help reduce poverty.

It seems a pointless diversion from the real issue to have silly arguments over how you should raise taxes, instead of dicussing what you should be spending them on - there's plenty of money to play with if you have the will

You could take out basic food, medicine, electricity, gas, water etc...

You could take out basic food, medicine, electricity, gas, water etc...

to begin with yes - the problem with consumption based sales taxes is that gradually you end up paying them on pretty much everything.

UK sales tax (or VAT - value added tax) used to be only for "luxuries" - these days its paid on pretty much everything - I think only food and childrens clothing are exempt - and it was a "low tax" Conservative government that did most of the work in extending it.

A simple, banded, progressive income tax system - deducted at source - is the simplest and fairest way - you've got to earn it to pay it

Then we are back to either a flat tax or what we have now....

No it wouldn't. It would create a fantastically wealthy elite. It's not financial discrimination, it's progressive taxation. You're just a dittohead.I totally and 100% agree.

We already have a fantastically wealthy elite. May be the middle class move up to raise those numbers?

The wealthy pay less than .5% in taxes due to biased laws underwitten into a more popular law that you have probably voted for but didnt read the fine print.

In fact, there are laws written for Single companies.

This would clear up the entire problem, but ELITES would frown on this because they would then have to pay 10% for their income and their companies.

Thats where the 1099 fourm comes in, it is a self employment tax exemption. Most millionairs dont pay income taxes because they Own their company.

If you own your company and it is a corperation, you can become the President/CEO and set your salary and pool money out of the company. This is unfair and biased because the CEO/President doesnt do much at all, except make shure his bank is growing fat while you get minnimum wage.

Dont worry, we are already in a Depression...

There are food riots going on as we speak, but no one cares... no one will care...

Why should we, we have Mc Donalds and Taco Bell... They should be outlawed...

We have cars, they are our sins... Everyone has one... Throw them away, recycle them...

We are starving other coutries by producing ethonal, it is not a problem solver, or even a short term fix... It is adding to the fire...

So as you know, the 10% tax would work, but you should aim more to balance out the classes so that NO ONE can make billions in a year, and no one to make less than 10,000... these numbers are inflated...

Dont you remember when you could buy a steak dinner for a nickle?

I agree with spidergoat; if there's a man who only earns, say, $16,000 a year, losing 10% is a lot more than a man who earns $300,000+ a year

Sure, they're technically losing more money, but they still have a great gain, wheras the poor main likely needs as much money as he can get, the rich man would still have surplus.




A basic overview.

And since the "wealthy" make up less than 1% of the US (correct me if I'm wrong), it'd be silly trying to focus only on their benefit.

Well there is an alternative. The graduated tax upto say $100,000 a year for single $200,000 for couple. Beyond that a flat 20% of the income over 100k or 200k depending on single or couple. At least for normal income tax.

For business we will have to get more creative as we do not want to punish any industries and make them leave the country.

Then we are back to either a flat tax or what we have now....

Note the word banded in my post

for example in the UK it works roughly like this (its complicated and I can't honestly remember the exact amount or bandings - I've converted it into US$ for simplicity):

1. tax free allowance - if you earn under around $8000 you pay no tax - or you pay no tax on the first $8000 of what you earn (the exact amount of your allowance varies depending on your circumstances - for example its larger if you are married and have kids etc)

2. Tax band 1. I think this is around 10% - everything over $8000 and up to$16,000 you pay 10% on

3. Tax band 2. something like 20-25% - everything you earn between $16,000 and $80,000 you pay 25% ish on

4. Tax band 3. 40% on everything you earn over $80,000

We also have something called National insurance - which is supposed to cover welfare, healthcare, and state pension (in reality is doesn't and a proportion of our taxes goes towards this too)

Overall the average proportion of tax to wages for most people over here is about 25% - this probably sounds a lot to an american - but we get paid a lot more in general over here, and we get more back for it so it mostly evens out.

We pay quite a lot of tax in comparison to the US over here - but then we get a lot back for it - excellent public healthcare, good public education, high standard of public services (fire, police, courts, refuse, etc etc), firm but fair welfare system.

My own view is that we generally get good value for what we pay