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ancianita

(35,949 posts)

19. Is your explanation sticking with the federal income tax idea in the OP? Are sales taxes that

Sat Jan 12, 2013, 08:44 PM

Jan 2013

tightly tied to income tax? Are sales taxes even in this discussion at all?

To a flat tax I add the ending all loopholes on the income of hedge fund managers, stock exchange transactions, offshore tax evaders and all profits made in other countries no matter what those countries' tax our companies. If those incomes were all flat taxed, the poor wouldn't have to be taxed on their income at all.

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How would YOU restructure the federal tax code, if you could? [View all] Ken Burch Jan 2013 OP

Flat tax - Everyone should pay, not just the middle class and working poor. DogPawsBiscuitsNGrav Jan 2013 #1

I could live with that. ancianita Jan 2013 #2

Most could not 'live with' a flat sales tax RobertEarl Jan 2013 #18

Is your explanation sticking with the federal income tax idea in the OP? Are sales taxes that ancianita Jan 2013 #19

Never heard of flat tax on income RobertEarl Jan 2013 #30

If the poor don't get taxed at all theKed Jan 2013 #31

Okay. But a flat tax that denies all current corporate and financial sector loopholes such that ancianita Jan 2013 #36

Well like I say, theKed Jan 2013 #41

Nope. I guess I'm a progressive tax person. But we do already have that. So what everyone's really ancianita Jan 2013 #45

Well, there's things like theKed Jan 2013 #50

That would raise taxes on the working poor to draconian levels. Warren Stupidity Jan 2013 #5

I'm not following you. If everyone were taxed at the same rate, that would be worse than people like DogPawsBiscuitsNGrav Jan 2013 #7

Flat tax proposals are right wing nonsense. Warren Stupidity Jan 2013 #8

You really believe that if Apple, Google, Microsoft, big oil, pharma, banks, defense, and DogPawsBiscuitsNGrav Jan 2013 #11

Actually, that's the way the math does add up Warpy Jan 2013 #29

people that pay little income tax because they don't make very much would be ThomThom Jan 2013 #25

You're cool with taking food out of the mouths of the poor Warpy Jan 2013 #26

I'd make it more progressive. burnsei sensei Jan 2013 #3

examples? DogPawsBiscuitsNGrav Jan 2013 #4

Treat all income the same. Add more brackets back into the rates. Warren Stupidity Jan 2013 #6

I agree with using the revenue to fund medicare rather than useless military crap DogPawsBiscuitsNGrav Jan 2013 #9

I haven't problem taxing people at a rate proportionate to the wealth that they control. Luminous Animal Jan 2013 #12

I disagree. their having the wealth isn't what is undemocratic. The gov't and tax system we had in p okaawhatever Jan 2013 #17

The mass accumulation & retention of wealth in the hands of a few creates Luminous Animal Jan 2013 #21

Oh, I see your point, I was thinking more of how they got there. There are 2 problems, one with okaawhatever Jan 2013 #24

They SHOULD pay a higher percentage than we do... truebluegreen Jan 2013 #34

I get what you're saying and you have a really good point but I just can't bring myself to DogPawsBiscuitsNGrav Jan 2013 #40

But my point about disproportionate benefits truebluegreen Jan 2013 #52

I disagree with the funding of medicare, because of where the money is going. Ex: Bush's Part D Medi okaawhatever Jan 2013 #20

I agree with you ThomThom Jan 2013 #27

That's right, all income is income, even those stock options Warpy Jan 2013 #28

This. truebluegreen Jan 2013 #35

I'd be fine with most of that. nt Ilsa Jan 2013 #38

I'd make it more deeply progressive. Luminous Animal Jan 2013 #10

End the SS cap -- kinda Freddie Jan 2013 #13

The Medicare idea is a very good one! Luminous Animal Jan 2013 #22

My dream tax system Recursion Jan 2013 #14

Tax wealth, safeinOhio Jan 2013 #15

What a novel idea.... librabear Jan 2013 #47

+1,000 alittlelark Jan 2013 #51

Flat tax is regressive & overly favors the wealthy. It does capture tax on the underground economy okaawhatever Jan 2013 #16

that`s what i was going to say...50`s rates madrchsod Jan 2013 #23

The top 10% should be paying about 65% of revenues and Corporations 35% Motown_Johnny Jan 2013 #32

Let me count the ways..... SoCalDem Jan 2013 #33

you realize that..... librabear Jan 2013 #48

One detail: Offer tax credits for consumers buying Ilsa Jan 2013 #37

The very first thing I'd do is tie the budget to tax revnue, keeping a progressive scale. 1-Old-Man Jan 2013 #39

capital gains, dividends have at least as high a tax rate as labor income Fresh_Start Jan 2013 #42

Make everyone pay but me doc03 Jan 2013 #43

Tax changes Wva 4-20mamp Jan 2013 #44

reading some of the ideas, bigapple1963 Jan 2013 #46

Flat tax for everyone making $500,000 or more per year jmowreader Jan 2013 #49

Flat tax for ALL people/companies over 1.5X poverty. NO exemptions. NO loopholes. OneTenthofOnePercent Jan 2013 #53

End Corporate Income Tax FreeJoe Jan 2013 #54

Make the rich pay all the taxes! B Calm Jan 2013 #55

I have a flat tax plan pkz Jan 2013 #56