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From your chart the difference is not the income tax rate, it is the fact that SSI phases out after a certain level of income. So you are paying more income tax as your income increases, however you simply stop paying SSI after a certain point (at which point you have paid the maximum SSI tax possible).
Why is that unfair again?
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Rick 1984 911 coupe |
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Please answer the question , Where is the equity in taxing the $90,000th of earned income @ 40% and the $150,000th @ 33%
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Bill Verburg '76 Carrera 3.6RS(nee C3/hotrod), '95 993RS/CS(clone) | Pelican Home |Rennlist Wheels |Rennlist Brakes | |
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Bill, do you think our tax code has the slightest presumption of fairness? It's nothing but a 100k page book full of special breaks for favored classes. I look at the SSI cap as simply the gov't. stealing a little bit less once you make enough money.
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Truth:
No matter what method of computing tax payments is considered, some group of taxpayers will find it unacceptable.
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Bob S. former owner of a 1984 silver 944 |
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![]() Guess it's like Orwells "1984" where every one is equal just some are more so ![]()
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Bill Verburg '76 Carrera 3.6RS(nee C3/hotrod), '95 993RS/CS(clone) | Pelican Home |Rennlist Wheels |Rennlist Brakes | |
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I haven't heard too many Repubs call for a flat tax and Steve Forbes got nowhere with it in 2000. Both sides benefit greatly from our tax code, as it allows them to dole out favors to their supporters and make others pay for them. It's a win-win for them, but we all lose. And show me one Dem who's been calling for lower or flatter taxes.
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I think you are confusing "1984" with "Animal Farm"!!
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Bob S. former owner of a 1984 silver 944 |
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I hear flat taxes has given some rather poor countries in the Eastern block a real economical push. Big foreign industries moving in, creating a lot of new jobs. Affordable for domestic companies to hire more people. Consumption raising, creating more tax money to the state. And so on.
Sounds like a win-win situation. There is always losers of course. I think it would be great for Sweden. It will never happen of course. But at least we could have a fixed percentage for everyone, not like now where the percentage is higher the more you earn. Not fair at all.
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durn for'ner
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Perhaps. But it clearly shows how people would like it to be.
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for the rest of you, a cut-n-paste intro Executive Summary This study demonstrates how the individual and corporate income tax, the capital gains tax, the estate and gift taxes, and non-trust-fund excise taxes all could be replaced with a national sales tax (NST). The NST would exempt low-income Americans from tax and raise the same amount of revenue currently collected. The ideal NST plan would include the following features: A 15 percent sales tax on the final purchase of goods and services at the retail level. The NST would be similar to state sales taxes. The rate should decline in future years to 10 to 12 percent as economic growth allows more revenue to be raised at a lower rate and government downsizing continues. A universal rebate for every household, exempting all consumption up to the poverty level. That would mean that the first $18,588 of consumption each year for a family of four would be tax-free. The rebate could be provided as a refundable credit against the payroll tax. Reimbursement to states and retailers of the cost of collecting the national sales tax. Abolition of the Internal Revenue Service. The states should bear the primary responsibility for administering the national sales tax. The IRS would be abolished, and a much smaller, less intrusive federal excise tax bureau would collect trust fund excise taxes such as the gasoline tax. The Social Security Administration would enforce and collect payroll taxes. |
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In fact they're tax eaters and completely unproductive. |
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That's significantly wiser than any government can accomplish. The squabbling I've read in this thread does one thing though, it illustrates the seething politics of jealousy almost perfectly. That's the whole basis for the "taxing the rich" mentality. There's no altruistic tax advocate on the planet. |
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