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blankedyblank
Taxes my Ass...es....
Apr 17, 2007 12:40
We need a progressive taxation system
STAT.
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Comments 3
transiit
April 18 2007, 10:01:24 UTC
Call me nutty, but I always liked the idea of a flat tax.
Pick an arbitrary number, let's say 13%
All income, wages, capital gains, lottery winnings, sale of a house, doesn't matter.
No deductions. No credits. No special incentives for growing
Rice Straw
Make $10k in a year, pay $1300. Make $100k, pay $13,000. Make $1,000k, pay $130,000.
Want to tie up your money in some shell corporation? No sweat. As long as the SCOTUS is sticking with the idea that
corporations get equal protection as individual entities
, they get taxed the same.
Extra special bonus points for the double taxation of the front company getting taxed on its income and the proprietor being taxed on their payout.
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Almond! Pecan! Sesame! Walnut!
blankedyblank
April 18 2007, 13:44:00 UTC
A flat tax would be even more regressive than the current tax system. I cannot stress this enough.
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blankedyblank
April 18 2007, 18:39:01 UTC
You *are* my favorite Almond, though.
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Up
Comments 3
Pick an arbitrary number, let's say 13%
All income, wages, capital gains, lottery winnings, sale of a house, doesn't matter.
No deductions. No credits. No special incentives for growing Rice Straw
Make $10k in a year, pay $1300. Make $100k, pay $13,000. Make $1,000k, pay $130,000.
Want to tie up your money in some shell corporation? No sweat. As long as the SCOTUS is sticking with the idea that corporations get equal protection as individual entities, they get taxed the same.
Extra special bonus points for the double taxation of the front company getting taxed on its income and the proprietor being taxed on their payout.
Reply
Reply
Reply
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