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Nice Planet IX: Oh that's just GREAT...

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Re: Nice Planet IX: Oh that's just GREAT...

FreshFish said:
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.
Click to expand...

So, what you're saying is, the current tax system is what you want? Because that's precisely how it works.
 
Re: Nice Planet IX: Oh that's just GREAT...

I proposed this before
Tax everything - everyone files singly
$45,000 deduction
Pay tax on the rest. 15% floor and maybe another bracket on taxable income over $500,000

Because of strategies of some of the population that would be impacted by such a radical change in the tax code, there will be a 5 year phase in where
Year 1 80% old 20% new
Year 2 60% old 40% new
Year 3 40% old 60% new
Year 4 20% old 80% new
Year 5 100% new code
 
Re: Nice Planet IX: Oh that's just GREAT...

FreshFish said:
So does the US, we merely call it "campaign contributions" and "lobbying" but the principle is exactly the same. :(
Click to expand...
So you must be against Citizen's United and for public financing of campaigns?
 
Re: Nice Planet IX: Oh that's just GREAT...

joecct said:
I proposed this before
Tax everything - everyone files singly
$45,000 deduction
Pay tax on the rest. 15% floor and maybe another bracket on taxable income over $500,000
Click to expand...
That's pretty much how the Swedish "federal" income tax works: 0% on tax up to ~$80K (can't remember exactly) and then 25% after that.

OF course, every single dollar is also taxed ~20% by your local "state," so the two tax brackets end up being 20% and 45%.
 
Re: Nice Planet IX: Oh that's just GREAT...

Priceless said:
So you must be against Citizen's United and for public financing of campaigns?
Click to expand...


Public financing of campaigns? you cannot be serious. Who wants to feed leeches even more blood? the idea of using leeches to cure sick people by draining them of blood went out of style around 200 years ago.

Here is a much simpler and easier idea:
-- Congress is in session about three months every two years
-- no new laws passed without revising / updating existing laws first
-- no pensions for legislators (they can have a 403b but no pension)
-- legislator pay is based on their W2 / Schedule C / Schedule K income: everyone gets a pro-rata per diem based on their private sector income.
 
Re: Nice Planet IX: Oh that's just GREAT...

FreshFish said:
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.
Click to expand...

I'm OK with that, but my bands are 10% / 30% / 50% / 70% / 90% and there's one more rule: the bands can move around, but the total anticipated revenue has to equal or exceed the prior year's expenditures. So maybe the band breaks will start out around $50k | $100k | $500k | $5M. That I can live with, even though my tax bill is going up.

All income (pay, inheritance, cap gains) is treated exactly the same. No exemptions, no deductions. Only individuals are taxed -- corporate taxes are simply the individual taxes on the corporation's owners levied as cap gains and management levied as income tax.

Sometime back around 2004 or so I wrote it all up in another thread and I think it polled about 90% approval on USCHO. :-)
 
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FreshFish said:
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.
Click to expand...

I hope you aren't claiming to be a deficit hawk with those bands, since that will increase the deficit exponentially. Think Kansas budget woes on steroids.

Edit: It'd also be interesting to see how hard church budgets get hit, since presumably all charitable donations would no longer be tax deductible. I'm guessing many people would lower their tithing significantly.
 
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Re: Nice Planet IX: Oh that's just GREAT...

FreshFish said:
Public financing of campaigns? you cannot be serious. Who wants to feed leeches even more blood? the idea of using leeches to cure sick people by draining them of blood went out of style around 200 years ago.

Here is a much simpler and easier idea:
-- Congress is in session about three months every two years
-- no new laws passed without revising / updating existing laws first
-- no pensions for legislators (they can have a 403b but no pension)
-- legislator pay is based on their W2 / Schedule C / Schedule K income: everyone gets a pro-rata per diem based on their private sector income.
Click to expand...

Which does absolutely nothing to explain how you would have them be elected. Well done.

At least with public financing you get rid of the 1% (and unions, can't forget that you are a liberal who hates unions!) who buy members of Congress. What's your solution?
 
Re: Nice Planet IX: Oh that's just GREAT...

Kepler said:
"3 percenters" is a new term to me. LOL John Birchers.
Click to expand...

It was based out of the American Revolution, where about 3% of the colonists had actually fought on the battlefield, and slightly inspired by the occupiers.
 
Re: Nice Planet IX: Oh that's just GREAT...

FlagDUDE08 said:
It was based out of the American Revolution, where about 3% of the colonists had actually fought on the battlefield, and slightly inspired by the occupiers.
Click to expand...

I understand the etymology. The evergreen sons of liberty drag act. :rolleyes:

The sad thing is among the vast flock of herpa-derps that make up such groups there are probably one or two per thousand who could do real work if they could just leave the adolescent ideologies behind. If you want to fight the power first you have to understand that power, and that means putting on your big girl panties and forgetting about this cowboy and indians crap.

These groups are like SDS -- they are permitted to flourish because they are so inane they are a net loss to the attempt to rein in the ruling class.
 
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