Quote:
Originally Posted by VRPdommy
Robbie, you know we could argue till the moon turns orange with pink dots and neither of us will really know who is paying the bulk of the taxes. But the IRS shows us it has been those in the middle.
We can't begin to talk the complexity of corp taxes.
Only personal taxes.
That's why I say it should be the same rate for everyone at all levels.
I can't find a real justifiable reason to discriminate with the rate.
Want to help the poor. Increase the standard deduction and everyone gets the same treatment.
But many discussing these issues are not separating biz tax vs personal itx.
So not everyone here is taking the same color orange. Many are not familiar with biz taxes or only as a proprietor. Not Corp or LLC.
But I will say for as long as we can subsidize farms and oil company's, we can subsidize people too.
I would like to get rid of all those subsidies. tax everyone the same. Stop this class warfare.
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I've never understood why there should be a "progressive" tax.
A flat tax would be fine with me.
And of course under a certain yearly income...no taxes at all. The poor can't pay tax when they are barely getting by.
I'd say personal income tax should be a flat 15%. You net a hundred grand a year...cut the govt. a $15,000 check. You net a million a year...cut the govt. a $150,000 check.
As for corporate tax...I'd say make it ZERO. Make the United States THE place to set up your business and hire people.
But that's just my opinion.
I'm sure that there are lots of people right here on GFY who don't have two nickels to rub together and pay minimal tax that just want to tax the fuck out of corporations and "the rich".
And the way you see the results of that are to take a look at companies fleeing high tax states and moving to states with NO state income tax.
Works the same way on a Federal level.
Companies have been moving shit out of our country, and instead of our govt. lowering corporate taxes in the past and luring businesses in...they simply created new tax laws to "chase" that money in other countries.
I know that when my taxes are lower...I have more money to spend (duh). And that's exactly what I do.