According to the Tax Policy Center. I bet the people who need to hear this never do.

[www.bloomberg.com]

Funny how a flat tax would resolve all these questions. Of course there would be massive unemployment among ...
tax policy experts.

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cbelt3
Funny how a flat tax would resolve all these questions. Of course there would be massive unemployment among ...
tax policy experts.

A flat tax disproportionately affects the poor.

A simple tiered tax system might work with a cap at which it becomes progressive to make certain that the wealthy pay a fair share... no special rates for investment income.



Edited 1 time(s). Last edit at 08/18/2012 10:33PM by Chakravartin.

I will avoid getting into my usual argument about the definition of 'fair' and 3rd grade math.

I will simply bow and disagree slightly.

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cbelt3
I will avoid getting into my usual argument about the definition of 'fair' and 3rd grade math.

I will simply bow and disagree slightly.

Math is not morality. Not 3rd grade math, anyway.

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rj
AKA
Vreemac, Moth of the Future




Edited 1 time(s). Last edit at 08/19/2012 12:35PM by rjmacs.

>>A flat tax disproportionately affects the poor.<<

Democrats ONLY come back. You can use it anywhere.

A (fill in the blanks) disproportionately affects the poor.

It is quite flexible. You can create variations effortlessly by replacing poor with your other self-proclaimed hapless constituents such as immigrants, women, hispanics, blacks, young, old.

I would be satisfied with a 92% top tax rate on the richest taxpayers.

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Saint Cloud, Minnesota, where the weather is wonderful even when it isn't.

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Speedy
I would be satisfied with a 92% top tax rate on the richest taxpayers.

What kinda of @#$%& commie librull Democrat would sign off on that?

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San Antonio, TX (in the old city)

"All that is required for evil to prevail is for good men to do nothing."
-- Edmund Burke
"To announce that there must be no criticism of the President, or that we are to stand by the President, right or wrong, is not only unpatriotic and servile, but is morally treasonable to the American public." Theodore Roosevelt (1918)

>>I would be satisfied with a 92% top tax rate on the richest taxpayers.<<

Good thing nobody cares what you think.

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Rolando

Quote
Speedy
I would be satisfied with a 92% top tax rate on the richest taxpayers.

What kinda of @#$%& commie librull Democrat would sign off on that?

I confess, I'm an Eisenhower Republican.

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Saint Cloud, Minnesota, where the weather is wonderful even when it isn't.

I like Ike.

Nixon and Reagan can't be far behind.

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Avenger
Nixon and Reagan can't be far behind.

Yet still well ahead of Dubya and Mittens!

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San Antonio, TX (in the old city)

"All that is required for evil to prevail is for good men to do nothing."
-- Edmund Burke
"To announce that there must be no criticism of the President, or that we are to stand by the President, right or wrong, is not only unpatriotic and servile, but is morally treasonable to the American public." Theodore Roosevelt (1918)

Quote
Avenger
>>A flat tax disproportionately affects the poor.<<

Democrats ONLY come back. You can use it anywhere.

The year: 1776

The man: Adam Smith

Suddenly, he decides to become an American and a Democrat...

The necessaries of life occasion the great expence of the poor. They find it difficult to get food, and the greater part of their little revenue is spent in getting it. The luxuries and vanities of life occasion the principal expence of the rich, and a magnificent house embellishes and sets off to the best advantage all the other luxuries and vanities which they possess. A tax upon house-rents, therefore, would in general fall heaviest upon the rich; and in this sort of inequality there would not, perhaps, be any thing very unreasonable. It is not very unreasonable that the rich should contribute to the public expence, not only in proportion to their revenue, but something more than in that proportion.

[www.econlib.org]

Quote
Chakravartin

Quote
Avenger
>>A flat tax disproportionately affects the poor.<<

Democrats ONLY come back. You can use it anywhere.

The year: 1776

The man: Adam Smith

Suddenly, he decides to become an American and a Democrat...

The necessaries of life occasion the great expence of the poor. They find it difficult to get food, and the greater part of their little revenue is spent in getting it. The luxuries and vanities of life occasion the principal expence of the rich, and a magnificent house embellishes and sets off to the best advantage all the other luxuries and vanities which they possess. A tax upon house-rents, therefore, would in general fall heaviest upon the rich; and in this sort of inequality there would not, perhaps, be any thing very unreasonable. It is not very unreasonable that the rich should contribute to the public expence, not only in proportion to their revenue, but something more than in that proportion.

[www.econlib.org]

Or America adopted Smith on February 3, 1913 with the adoption of the 16th Amendment.

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Saint Cloud, Minnesota, where the weather is wonderful even when it isn't.