Originally Posted by ZZman
Originally Posted by 02SE
Originally Posted by ZZman
Originally Posted by 02SE
As for taxes, a truly 'fair' tax would be a flat tax. Of course that would mean that lots of people would finally have to contribute, and the evil people that worked really hard and succeeded, would get a massive tax break.
A flat tax would only be fair as if everybody made the same amount. A person making $30,000 paying a 10% tax makes a lot harder to live on than someone making a million dollars paying 10% tax. The simple fact is the more money you make the more money you have to live on regardless of the tax that you pay in a progressive system.
Nope.
Everybody paying the same tax rate is as fair as it gets.
What we have now is a progressively punitive tax rate. Although I did get a tax break this year, Thank You President Trump, I'm still paying far too high a percentage rate.
When I was working for minimum wage, I was determined to not stay at that pay rate. So I did what millions of others do, I learned new skills and furthered my education, so that eventually I would be able to earn more money.
How is it punitive? Don't you still have far more wealth and income than most people after paying your taxes?
Did paying a higher tax rate stop you from wanting to be successful or start your own company? I bet the answer is no.
If progressive taxes are punitive than low wages are punitive.
That's a pretty profound post. Spot on.