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posted to rec.boats
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First recorded activity by BoatBanter: Apr 2007
Posts: 1,557
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113 gallons per hour...
Eisboch wrote:
"HK" wrote in message
. ..
wrote:
You want to reform the tax codes? Exempt the poor, however that is
defined, and then tax *all* income from, say, $50,000 to $100,000 at 10%,
all income above that to $250,000 at 15%, all income above that to
$500,000 at 20%, all income above that to $1,000,000 at 25%, and any
income above $1,000,000 at 49%.
No deductions. No shifting of money coming in to other categories so it
isn't considered income.
Oh, and supervised bookkeeping for corporations. No funny business with
the books. And income tax on corporate profits, too.
Every entity pays.
Churches, too.
Not bad. I'd probably support that.
I have a general question though. Why the stepped increases for higher
incomes?
The person/family making 100k in your plan pays 10k in taxes. A
person/family making 250k pays over three times the taxes (32.5k) but only
earned 2.5 times as much. Just curious as to your reasoning.
Eisboch
It is to teach you not to earn as much money.
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