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Nice Planet IX: Oh that's just GREAT...
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MissThundercat
Are the cis okay?
Re: Nice Planet IX: Oh that's just GREAT...
http://thinkprogress.org/education/...hleming-ban-advanced-placement-history-class/
http://thinkprogress.org/education/...hleming-ban-advanced-placement-history-class/
Kepler
Si certus es dubita
Re: Nice Planet IX: Oh that's just GREAT...
These people need to be taxed more. Much, much more.
These people need to be taxed more. Much, much more.
Kepler
Si certus es dubita
unofan
Well-known member
Adam Smith said:
Even the father of capitalism recognized the need for progressive taxation.
Re: Nice Planet IX: Oh that's just GREAT...
I am not exactly rich by any means. In fact, I'd be classified as lower middle class at best. However, you worked for it/earned it, you deserve it. Yes, there are exceptions (trust fund babies, etc), and I say *shrug*.
I am not exactly rich by any means. In fact, I'd be classified as lower middle class at best. However, you worked for it/earned it, you deserve it. Yes, there are exceptions (trust fund babies, etc), and I say *shrug*.
Handyman
Hug someone you care about...
Re: Nice Planet IX: Oh that's just GREAT...
Sweet, you realize that a flat tax means cops, fire fighters, department of transportation and pretty much every other public works you care about will be underfunded right? You think the plowing sucks now, just think what will happen when you cut their funding! Why pay cops better, I am sure there will zero ramifications of that at ALL.
Flat taxes are a great theory but man the unintended consequences of them would be devastating.
Sweet, you realize that a flat tax means cops, fire fighters, department of transportation and pretty much every other public works you care about will be underfunded right? You think the plowing sucks now, just think what will happen when you cut their funding! Why pay cops better, I am sure there will zero ramifications of that at ALL.
Flat taxes are a great theory but man the unintended consequences of them would be devastating.
This doesn't automatically have to be the case. Why can't you set the flat tax rate to collect whatever amount of revenue you like?
Just depends whose taxes go up and whose go down. I'm guessing there are a whole lot of really rich people who are able to take advantage of tax loopholes to pay obscenely low rates. As long as those loopholes close (I know, I know - stop laughing!), I would think a lot of rich people would pay more.
Handyman
Hug someone you care about...
Re: Nice Planet IX: Oh that's just GREAT...
I would love to believe they would set the tax where it needs to be but we both know there is zero chance that happens. The powers that be would never allow the rate to be the right amount.
I would love to believe they would set the tax where it needs to be but we both know there is zero chance that happens. The powers that be would never allow the rate to be the right amount.
walrus
Wind up workin' in a gas station
Re: Nice Planet IX: Oh that's just GREAT...
What would a CPA do if all the loopholes close?
Re: Nice Planet IX: Oh that's just GREAT...
I'm taking my first-ever accounting class right now - tax prep is a tiny part of what CPAs do.
Re: Nice Planet IX: Oh that's just GREAT...
How so? those services are provided mostly by municipalities, supported by sales tax (i.e. a "flat tax" on your purchases) or a property tax (i.e. the same fixed mil rate for all property owners). So the services you list are already supported by a flat tax rate.
I'd prefer lower income tax rates across the board supplanted by a wealth tax. We want people to be ambitious and improve themselves and make the world a better place through hard work and enterprise and then tax them for it as a result? Income tax is goofy perverse for incentives. A 1% wealth tax would not be so bad and it would probably be the same as a 10% income tax though I lack the data.
How so? those services are provided mostly by municipalities, supported by sales tax (i.e. a "flat tax" on your purchases) or a property tax (i.e. the same fixed mil rate for all property owners). So the services you list are already supported by a flat tax rate.
I'd prefer lower income tax rates across the board supplanted by a wealth tax. We want people to be ambitious and improve themselves and make the world a better place through hard work and enterprise and then tax them for it as a result? Income tax is goofy perverse for incentives. A 1% wealth tax would not be so bad and it would probably be the same as a 10% income tax though I lack the data.
Kepler
Si certus es dubita
Re: Nice Planet IX: Oh that's just GREAT...
I wouldn't mind putting a wealth tax in place if we could make it work, but I suspect wealth taxes would be far more open to evasion and flat out fraud.
I like the idea of a global wealth tax to prevent tax cheats from just moving assets across borders, but there again, insanely difficult to enforce and so easy to corrupt. The English and German speaking parts of the world are basically the only portions of the world that actually observe the rule of law on economic matters anyway -- most of the rest of the planet just operates on graft and bribery. Giving FIFA the powers of the IRS is likely not a good thing.
I wouldn't mind putting a wealth tax in place if we could make it work, but I suspect wealth taxes would be far more open to evasion and flat out fraud.
I like the idea of a global wealth tax to prevent tax cheats from just moving assets across borders, but there again, insanely difficult to enforce and so easy to corrupt. The English and German speaking parts of the world are basically the only portions of the world that actually observe the rule of law on economic matters anyway -- most of the rest of the planet just operates on graft and bribery. Giving FIFA the powers of the IRS is likely not a good thing.
Re: Nice Planet IX: Oh that's just GREAT...
So does the US, we merely call it "campaign contributions" and "lobbying" but the principle is exactly the same.
The most attractive merit of the so-called "flat [income] tax" is to remove the chicanery from the tax code. Make it in two or three bands if you wish, but no exemptions no deductions nothing:
0% on income up to $xx,xxx, 5% on income up to $yyy,yyy, 10% on income up to $z,zzz,zzz and then 17.5% on anything above that.
So does the US, we merely call it "campaign contributions" and "lobbying" but the principle is exactly the same.
The most attractive merit of the so-called "flat [income] tax" is to remove the chicanery from the tax code. Make it in two or three bands if you wish, but no exemptions no deductions nothing:
0% on income up to $xx,xxx, 5% on income up to $yyy,yyy, 10% on income up to $z,zzz,zzz and then 17.5% on anything above that.
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