reply to post by tothetenthpower
I have two thoughts, but first I'll ask the greedy tax lovers out there to think in their heads of what the maximum highest rate would be fair for
multi-millionaries. Give me a number! What is the number? They never seem to want to tell me and I think the reason is because most of them wish to be
dishonest with them self.
So, my thoughts are that I'm sick and tired of greedy robber socialists trying to pretend they should steal every last penny of the rich to give to
the poor. The 1% simply does not get a low tax rate, PERIOD. What a pack of lies.
The CBO figures paint a more specific, and stark, contrast. In 2007 (the most recent year listed), the top 1 percent of earners paid 19 percent
of their income in federal individual income taxes, and for people earning less, the rate went steadily down, to a rate of minus 6.8 percent for
people in the lowest 20 percent of taxpayers. (Because of the Earned Income Tax Credit, many working class families pay no net taxes and, indeed,
collect refunds from the government to help them make ends meet.)
I've got news for the robber thieves out there: 20% is a hell of a big piece of income! The tax system is progressive just like it should be. Just
how much money do the greedy robber socialists want to steal? 30%? 40%? Topping 20% would be a total joke because a rich person still has to pay state
taxes and local taxes even after they've paid their 20% federal taxes.
My second thought is that the flat tax is one of the most thoughtless ideas in existence because it ignores the most basic and obvious facts of
psychology and math. First of all, we need a certain number of dollars simply to continue our existence... buy bread and food and shelter. If our
income level is exactly that number but then we are taxed, we will suffer very badly by even a small tax rate. As our income rises from that level,
each dollar becomes less and less important for survival. Therefore, its extreme common sense
that if we must rob and steal from our fellow man
because we think we deserve to spend the money more than the person who earned it, then at the very least we could tax that person with an
understanding of basic common sense. Hermain Cain's idea to tax the middle class equally to the rich is WRONG, because the middle class has a much
stronger need for each dollar they have than the upper class. The total level of happiness is lower with a flat tax. If we're going to rob and steal,
then its common sense to rob and steal from the people who need that stuff the least: the rich.
In politics, you always title the program to mean the opposite of what you say. The patriot act is actually a compatriot act for example. Likewise,
the "fair tax" is the most unfair tax you can imagine beyond an obviously regressive tax. And by the way, a national flat sales tax is REGRESSIVE
because people with zero income will still have to end up paying taxes. Wow. The basic idea that each dollar we earn becomes less and less important
to our happiness makes it really obvious that a progressive tax structure is the obvious choice. But at the same time more than 30% gets to be such a
joke that the whole tax system will start to destroy the economy regardless, and currently the spending rate of US governments is about 46%, meaning
the USA economy is on a path to destruction.
My final thoughts are that there are a wealthy elite who get out of taxes: perhaps the top 0.01%. The only way to get their money is to ask for it,
because they are the ones calling the shots and writing the letter of the law, so my opinion they should pay the same rate as the other 1% is