On 10/22/2017 5:53 PM, Keyser Soze wrote:
On 10/22/17 1:53 PM, Bill wrote:
wrote:
On Sun, 22 Oct 2017 12:56:36 -0400, Keyser Soze
wrote:

On 10/22/17 12:05 PM, Mr. Luddite wrote:


You just seem to be opposed to anything others have that you don't.

Not at all. Too many of the rich have too many ways to avoid manner of
serious taxation. Trump also wants to eliminate the AMT. If, if you
want
to eliminate the estate tax and perhaps the AMT, just tax all income as
ordinary income, okay? Okay?

The AMT ends up grabbing a lot of middle class people. It was a "good
idea" that backfired.

As for tax, I would go with a flat tax if I wanted to be fair. Just
set a pretty high personal exemption and tax the rest at a flat rate,
no deductions. If it was 16%, guys like Buffett would be paying more
... if you believe what he says.


I have no problem with taxing all income as ordinary income.Â* But
qualified
dividends were already taxed at the 39% corporate tax rate, and then the
person getting them pays 20% of that money to the Fed.Â*Â* Seems as if that
makes a tax rate of about 51%. Fair?


I doubt many corporations are paying at the 39% rate.


To me, it's not really about large corporations. It's about small
businesses in the USA, many under a Sub-S tax structure. Small
businesses employ the majority of all people in the country.
There's an individual tax rate and then the business tax rate (higher)
that passes through to the owner. Virtually every small business owner
I've heard interviewed about a tax reduction have said it would mean
they could add another employee or two or grow the business. That would
be good for the economy and get the growth rate back up to a decent
level. Like in a business, without growth the US economy becomes stagnant.