Republican Tax Plan

Discussion in 'Budget & Taxes' started by CourtJester, Oct 16, 2017.

  1. rahl

    rahl Banned

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    I've avoided noting.

    What about them? They don't make enough money to pay federal income taxes.
     
  2. squidward

    squidward Well-Known Member

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    No ****, really?
    What's your justification for this?
     
  3. rahl

    rahl Banned

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    They can't afford to pay?
     
  4. squidward

    squidward Well-Known Member

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    Inequality under the law is something you support?
     
  5. rahl

    rahl Banned

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    inequality in the law exists and always has. Do you think someone making less than $20K a year can afford to pay 20-30% of their gross income in taxes, the same way someone making $80K a year can?
     
  6. squidward

    squidward Well-Known Member

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    Good, don't ever complain about unequal treatment again. You just forfeited your credibility
     
  7. rahl

    rahl Banned

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    huh?

    can you answer the question? Do you think someone making less than $20K a year can afford to pay 20-30% of their gross income in taxes, the same way someone making $80K a year can?
     
  8. squidward

    squidward Well-Known Member

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    I don't give a **** what your justification for unequal treatment is. You advocate for one, you have no basis for arguing against another.

    BTW 50% don't make $20k or less, so your example is garbage
     
  9. rahl

    rahl Banned

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    Why are you so afraid to answer?

    Do you think someone making less than $20K a year can afford to pay 20-30% of their gross income in taxes, the same way someone making $80K a year can?
     
  10. squidward

    squidward Well-Known Member

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    Not my concern.
    I care about equal treatment under the law.

    People are allowed to earn more. They shouldn't have their property removed from them unequally just because the can "afford" it.
     
  11. rahl

    rahl Banned

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    Because the answer destroys your position.
     
  12. squidward

    squidward Well-Known Member

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    Afford has nothing to do with equality under the law.
     
  13. Ndividual

    Ndividual Well-Known Member

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    Below is an example of a flat tax applied equally to both rich and poor, employed and unemployed. The flat rate in the example is 23% but would be adjusted based on government needs and applied to ALL equally.

    I'm all for changing our Federal tax system to something which would apply equally to ALL. A flat tax rate of 23% would be a good start, requiring each able body and mind adult to pay 23% of their total income produced each year, regardless of source and with NO tax deductions at all OR provide 23% of a full time work years labour, 480 hours, in government service. Those filing for government assistance would be required to perform 40 hours labour each month until a total of 480 hours each year in order to receive ANY government assistance.

    Examples of application shown below:

    Unemployed person
    0.00
    0.00 FICA tax
    0.00
    0.00 Fed income tax 480 hours of government service, 40 hours minimum per month to be eligible for ANY government assistance

    MW worker $7.25/hr
    15,116.25
    -1,156.39 FICA tax (7.65%)
    13,858.86
    -3,210.77 Fed income tax (23%), 480 hour of government service or a combination of both
    10,648.09 Take home pay

    MC worker $25/hr
    52,125.00
    -3,987.56 FICA
    48,137.44
    -11,071.61 Fed income tax
    37,065.83 Take home pay

    150,000.00
    -10,154.40 (SS: 128,700 x .062 = 7,979.40) + (MC= 150,000 x .0145 = 2,175)
    139,845.60
    -32,164.49 Fed income tax
    107,681.11 Take home pay


    500,000.00
    -19,729.40 (SS: 128,700 x .062 = 7,979.40) + (MC= 500,000 x .0235 = 11,750)
    480,270.60
    -110,462.24 Fed income tax
    369,808.36

    10,000,000.00
    -242,979.40 (SS: 128,700 x .062 = 7,979.40) + (MC= 10,000,000 x .0235 = 235,000)
    9,757,020.60
    -2,244,144,74 Fed income tax
    7,512,905.86 Take home

    100,000,000.00
    -2,357,979.40 (SS: 128,700 x .062 = 7,979.40) + (MC= 100,000,000 x .0235 = 2,350,000)
    97,642,020.60
    -22,457,664.74 Fed income tax
    75,184,355.86 Take home
     
  14. FreshAir

    FreshAir Well-Known Member Past Donor

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    I am all for a flat tax that taxes nobody for any money made under the poverty rate (rich or poor) and then everyone is taxed equally for every dollar earned over that

    that is my idea of a fair flat tax
     
  15. FreshAir

    FreshAir Well-Known Member Past Donor

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    are you serious, you want to punish people working min wage jobs by making them do gov labor on top of that,
     
  16. Ndividual

    Ndividual Well-Known Member

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    Yes, I am very serious, it would entitle them to government assistance provided them at a cost to tax payers who are paying for the funding they are receiving.
     
  17. FreshAir

    FreshAir Well-Known Member Past Donor

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    how about raising the min wage to a taxable wage?
     
  18. Ndividual

    Ndividual Well-Known Member

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    Doesn't matter what the minimum wage is, it should be taxed. Lower or eliminate the minimum wage and more jobs might be created. In my youth I often worked for less than the minimum wage and was happy to get the work. A wage should be no more than what an employer is willing to pay and no less than what the employee is willing to accept.
     
  19. FreshAir

    FreshAir Well-Known Member Past Donor

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    I disagree, no one should be taxed for any money below the poverty limit rich or poor, every American should get that poverty tax credit, rich or poor
     
    Last edited: Oct 30, 2017
  20. Ndividual

    Ndividual Well-Known Member

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    Then we disagree, I accept that.
     
  21. FreshAir

    FreshAir Well-Known Member Past Donor

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    of course the right is against it, cause it helps the poor, even though every American would get the same benefit, they can't stand that it woudl help the poor

    the Trump tax plan will give more to international corps then the middle class

    and the inheritance tax will give the rich like Trump's family billions in tax cuts, that they are for
     
    Last edited: Oct 30, 2017
  22. squidward

    squidward Well-Known Member

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    How about not beeing so incredibly useless in this world that you can only do min wage work?
     
  23. FreshAir

    FreshAir Well-Known Member Past Donor

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    how about we only address the middle class on this tax bill, not more tax cuts for the rich
     
  24. FreshAir

    FreshAir Well-Known Member Past Donor

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    I am just glad they work, I do not think they are worthless and should be punished cause they can only get a min wage job

    anyone that works 40 hours a week should be able to support themselves
     
    Last edited: Oct 30, 2017
  25. Ndividual

    Ndividual Well-Known Member

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    Everyone is entitled to have an opinion.
     

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