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Reply #30: if you want to have a truly flat tax, tax people, investments, and businesses the same [View All]

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yurbud Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-20-11 02:30 PM
Response to Reply #13
30. if you want to have a truly flat tax, tax people, investments, and businesses the same
but let individuals, like businesses, only be taxed on profits, so all the costs of survival and having job, rent, car payments, insurance, food, would be subtracted from your taxable income. Actually, businesses claim entertaining clients as an expense, so all the money I spend entertaining myself should be deductible too.
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  -Has anyone ever tried to sue the federal gov't for taxing capital gains less than income from work? yurbud  Apr-19-11 05:45 PM   #0 
  - Recommend!!! n/t  RKP5637   Apr-19-11 05:46 PM   #1 
  - Yeah, but see that money is already taxed once at the corporate level... oh, wait, never mind.  Scuba   Apr-19-11 05:50 PM   #2 
  - every dollar is already taxed somewhere. paying sales tax with income I already paid income tax on  yurbud   Apr-20-11 04:39 AM   #19 
  - So...  SDuderstadt   Apr-19-11 06:01 PM   #3 
  - when politicians are so corrupt that they can't do what's obviously right, the courts sometimes  yurbud   Apr-20-11 04:40 AM   #20 
     - Can you give me an example when the "courts have intervened"...  SDuderstadt   Apr-20-11 10:23 AM   #28 
        - there can always be a first time.  yurbud   Apr-20-11 02:27 PM   #29 
           - LOL!  SDuderstadt   Apr-20-11 02:34 PM   #32 
              - no, somebody has to file it, but they have attacked states on budget issues like prison overcrowding  yurbud   Apr-20-11 08:50 PM   #33 
  - A day trader faces risks that a salaried person does not  slackmaster   Apr-19-11 06:02 PM   #4 
  - So gamblers should pay a lower percentage because they stand to lose?  LiberalAndProud   Apr-19-11 06:05 PM   #5 
  - How is it a subsidy?  badtoworse   Apr-19-11 06:26 PM   #6 
  - Paying a higher tax on the same dollar.  LiberalAndProud   Apr-19-11 06:36 PM   #7 
     - Why doesn't the same argument apply to marginal tax rates?  badtoworse   Apr-19-11 06:57 PM   #10 
        - As long as you keep some of that dollar that I can't match, good for you.  LiberalAndProud   Apr-19-11 07:20 PM   #11 
  - Gambling winnings are taxable as ordinary income. Gambling losses can be written off...  slackmaster   Apr-20-11 08:31 AM   #23 
  - So?  arbusto_baboso   Apr-19-11 06:41 PM   #8 
  - I'm just saying that gains from investments are a different critter than earned income  slackmaster   Apr-20-11 08:31 AM   #24 
  - Huh? So we should reward gamblers with tax breaks?  madinmaryland   Apr-19-11 10:52 PM   #14 
  - Gambling winnings are taxable as ordinary income. Gambling losses can be written off...  slackmaster   Apr-20-11 08:32 AM   #25 
  - While I was laid off, I day traded last Spring  DeadEyeDyck   Apr-19-11 10:55 PM   #16 
     - Why should someone who makes $12,000 in the same amount of time  madinmaryland   Apr-19-11 10:59 PM   #17 
     - Who cares? What difference does it make?  slackmaster   Apr-20-11 08:33 AM   #27 
     - Congratulations on your success.  slackmaster   Apr-20-11 08:33 AM   #26 
  - This would be an Equal Protection Clause challenge,and it would fail.  Jim Lane   Apr-19-11 06:51 PM   #9 
  - I hadn't heard about different capital gains tax rates for short and long term.  yurbud   Apr-20-11 08:54 PM   #34 
  - I doubt it. The rates are set by congress and the president.  Pterodactyl   Apr-19-11 10:48 PM   #12 
  - Why would the principle of disparate impact not also apply to progressive tax rates?  lumberjack_jeff   Apr-19-11 10:50 PM   #13 
  - You beat me to it.  Zanzoobar   Apr-19-11 10:54 PM   #15 
  - progressive tax rates are based on the ability to pay. A flat tax would have a disparate  yurbud   Apr-20-11 04:44 AM   #21 
  - if you want to have a truly flat tax, tax people, investments, and businesses the same  yurbud   Apr-20-11 02:30 PM   #30 
  - It's hard to sue the federal government.  Blue_In_AK   Apr-19-11 11:12 PM   #18 
  - Lot's of problems  FreeJoe   Apr-20-11 05:16 AM   #22 
  - seems perfect for the ACLU--it's a matter of equal rights  librechik   Apr-20-11 02:32 PM   #31 
 

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