Top income brackets should be taxed at 99%.

Discussion in 'Budget & Taxes' started by Bic_Cherry, Oct 8, 2019.

  1. squidward

    squidward Well-Known Member

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    That was your support for a progressive tax rate.
    Are you retracting?
     
  2. bringiton

    bringiton Well-Known Member

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    OK, now I see what you are getting at. It's not the progressive tax RATE, it's the income AMOUNT that makes the difference in the fraction that is earned vs unearned: the higher the income, the lower the probability that any significant portion of it was earned by commensurate contributions to production. I don't advocate income tax, but that's why highly progressive income taxes focused on the top few percent of income recipients tend not to harm economies, and may even be beneficial.
     
  3. bringiton

    bringiton Well-Known Member

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    I have stated the facts, which are indisputable.
    How could they pay for "their" land? Who could rightly have received such a payment? The US Army? The only way you can pay for your land is by making just compensation to the community of those whom you deprive of it EVERY DAY, not by paying off some government official, once, hundreds of years ago.
    All public expenditures on desirable services (very much including secure, exclusive land tenure) and infrastructure are subsidies to landowners, as they are legally entitled to charge everyone else full market value just for access to those publicly provided services and infrastructure.
    It most certainly does. They have to pay a landowner full market value just for PERMISSION to work, to shop, to access economic opportunity and public services and infrastructure, etc..
    The landowner certainly doesn't have to work for what he wants. All he has to do is charge others for his PERMISSION to access the services and infrastructure government provides, the opportunities and amenities the community provides, and the physical qualities nature provides at that location.
     
  4. hudson1955

    hudson1955 Well-Known Member Past Donor

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    My argument isn't a failed one. Everything I said is true as I was addressing Federal Income tax which is currently based on ordinary( earned) net income for which you receive a w-2.
    And a flat income tax does what is fair. All wage earns pay the same percentage of tax on their Ordinary Income. What is your problem with that?

    You like people getting tax credits and refunds even when they owed no tax or paid no tax? Too bad. They shouldnt. There are plenty of welfare programs for low income taxpayers. Taxing Capital gains is a whole other issue. It has nothing to do with ordinary income tax.
     
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  5. cd8ed

    cd8ed Well-Known Member Donor

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    Because it increases taxes on those that cannot afford it to lower it on those that will not even notice it.
     
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  6. Liberty_One

    Liberty_One Active Member

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    Tax is just code for steal. If you believe this go rob some rich person yourself and don't pretend it's moral.
     
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  7. squidward

    squidward Well-Known Member

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    :above::above::above::above::above: this
     
  8. bringiton

    bringiton Well-Known Member

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    It is self-evident injustice to punish people in proportion as they contribute their labor to the wealth of the community. We should be taxing people for what they TAKE from the community, not what they GIVE to the community. Duh.
     
  9. BleedingHeadKen

    BleedingHeadKen Well-Known Member Past Donor

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    Envy and subjective moral outrage. What more do they need?
     
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  10. hudson1955

    hudson1955 Well-Known Member Past Donor

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    Wow. That is not what the Ordinary Income Tax Schedule has been since the inception of income tax. It is a tax on your earnings.
    It has never had anything to do with contributions to the Community.

    Wages paid for your labor should take into account your contribution/worth to the earnings/ profit the Company you work for makes.
    Not Federal Income tax which is a tax on your personal wages/earnings. Two separate things.

    With a flat tax there would likely be no tax owed by those at the poverty level of below a certain amount of income and take into account whether single or married and the number of dependants. The rest of of individual and family income would be taxed at one rate. I suggest 10%. I believe in this regard the Federal Government will actually taking in more tax dollars than they do now on Ordinary Income tax. And cost them less in Administrative cost.
    Duh.
     
    Last edited: Nov 9, 2019 at 4:53 PM
  11. bringiton

    bringiton Well-Known Member

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    Which is why it is evil.
    When you contribute to production of goods and services, you contribute to the community by relieving scarcity. Income tax punishes you for doing that.
    No. Your labor contributes to production whether or not your employer makes any profit, and it is that contribution that you are paid for.
    No. Income earned by labor is obtained in return for a contribution to production. It is therefore pure evil to tax it. I'm not sure there is any clearer or simpler way to explain that to you.
    The rate is irrelevant. What matters is the BASE. Why should people be taxed according to what they CONTRIBUTE TO the community rather than what they TAKE FROM the community?
     
  12. hudson1955

    hudson1955 Well-Known Member Past Donor

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    Ok I am listening. What do you mean by what they contribute to the community? Wages are commensurate with your worth to the business you work for. Not the entire Community your Business is located in. Obviously those workers that can be replaced easily because it takes no formal education beyond H.S. Are paid a lower wage than those workers that need a formal, specific education. Unless you want every worker to be paid the same, which is true Socialism and has never worked.

    The subject of the thread is income tax and that some workers should be taxed at 99%. I disagree with that concept. But to make it totally fair and equal all Ordinary Income should be taxed at the same rate. 10 cents or millions.
     
    Last edited: Nov 12, 2019 at 8:53 PM
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  13. Injeun

    Injeun Well-Known Member

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    Placing huge taxes on the wealthy is like volunteering them to be charitable. It's nonsensical. A just society would not do such a thing. Granted that charity is good. But genuine charity can only come from the heart of the giver by choice. It is impossible to owe or to be demanded as if it were owed.
     
  14. Just_a_Citizen

    Just_a_Citizen Well-Known Member Past Donor

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    Wow, what a moronic idea.
     

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