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posted to rec.boats
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First recorded activity by BoatBanter: Jun 2008
Posts: 5,868
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Breitbart to be sued by Sherrod
In article ,
says...
On Thu, 5 Aug 2010 12:15:45 -0400, "Harry ?"
wrote:
You don't like the idea of graduated tax?
Something like
over 250K 49%
over 200K 45%
over 150K 40%
over 100K 35%
over 90K 30%
over 80K 25%
over 70K 20%
over 60K 15%
over 50K 10%
over 40K 5%
over 30K 4%
over 20K 3%
over 10K 2%
over 5K 1%
0 to 5K .5%
No deductions, no credits, no exemptions.
Wouldn't that be more fair?
With no credits, deductions or exemptions, those rates could be quite
a bit lower (maybe 30% less) and still meet the revenue goals but we
would not be stimulating the things the tax code currently induces.
This is more of a social incentive code than a tax code. That is why
it is so big. We use the tax code to encourage people to do things a
law could not make them do.
Why not have everyone pay 15% income tax, 15% dividend tax, 15% interest
tax, 15% capital gains tax. Everyone is treated the same, equal. It
seems like the 14th amendment has come up quite a bit lately and it
should be applied to the tax code.
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