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#1
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nom=de=plume wrote:
wrote in message ... On Jan 23, 12:08 pm, wrote: On 23/01/2010 12:31 AM, nom=de=plume wrote: wrote in message ... nom=de=plume wrote: "Bill wrote in message m... wrote in message ... "Bill wrote in message ... wrote in message ... On Fri, 22 Jan 2010 08:40:09 -0500, wrote: The top brackets ought to be paying 49%, and there should be no cap on earnings subject to social security and medicare taxes. As long as the top 1% controls 50% of the campaign contributions and 100% of the media you won't see that. They may pass that as the published top rate but there will be enough tax shelters and loopholes so they won't actually pay that. The government has a long rich history of using the tax code to drive social policy. If you do politically correct things you get tax breaks, big ones. Is why there will never be a flat tax. Taxation is the ultimate control. A flat tax is regressive. -- Nom=de=Plume Actually is neither Regressive or Progressive. You're just wrong. I don't know how to say it politely. http://en.wikipedia.org/wiki/Flat_tax No, he's not. Regression means that the more you make, the less you pay - hardly a flat tax. You have to remember that the theory behind the flat tax offers no deductions. It's a simple percentage of your income. Didn't say regression - said regressive... and punative for those who make just a bit. You earn $100. You get to keep $90. You earn $100,000. You get to keep $90,000. Which would you pick? 90,000 of course. But it is fair, for each dollar the use is the same. Bet the $90,000 earner also worked harder. Why should he pay 30% when the lacky gets a 10% rate? Are we penalizing those who work? Besides, that whole position is simple-minded. In regard to taxes there is no choice to be made as the two examples are exactly the same... they are being taxed equally. It's an easy sixth grade math problem. I didn't see knuckle's (no offense intended) reply for some reason. Yes, you're right. They're identical tax rates. My point was that a flat tax isn't appropriate because it's regressive for the lower earner. If you change the lower number to something more reasonable, say $40K/year vs. $100 (which was just a limiting case to use as an example). Someone who makes $40K could be someone who works really hard... 10 hours/day 6 days/week, perhaps two jobs. The person who makes $100K/yr. perhaps might only work 20 hrs./wk. We don't need to get into the socio/economic reasons, but there's no way to claim that the lower earner is working less hard. Yet, when you look at a flat tax, the $40K person would keep $36K. The $100K person would keep $90K. Who is hurt more? Again, which salary would you pick? The answer is likely obvious. Are we penalizing those who work hard, but have low-paying jobs? My answer is yes. Let's take a progressive (e.g., non-flat tax) rate. The upper income person is taxed at 20% and the lower one is taxed at 5%. (Quite a difference, right? Yet...) The numbers: Lower incomer keeps $38K. The upper incomer keeps $80K. Clearly, the upper incomer still keeps a decent amount and most people would still pick being this person. Yet, the lower incomer isn't hurt nearly as much. Now if one wanted to discuss compensation, then of course anyone would take the 100k job. Of course, not everyone is qualified or able to perform it. But that's a completely different subject. True enough I suppose. Of course, there's baggage sometimes associated with higher salaries... different subject as you say. You are making **** up. Your assumptions have no bearing on the truth: Many low-wage employees work harder because their skill level can only get them a job involving 9-5 actual labor. Those who chose to get an education are paid more for what they know than what they do - physically. There is no comparison. |
#2
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posted to rec.boats
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"Bruce" wrote in message
... nom=de=plume wrote: wrote in message ... On Jan 23, 12:08 pm, wrote: On 23/01/2010 12:31 AM, nom=de=plume wrote: wrote in message ... nom=de=plume wrote: "Bill wrote in message m... wrote in message ... "Bill wrote in message ... wrote in message ... On Fri, 22 Jan 2010 08:40:09 -0500, wrote: The top brackets ought to be paying 49%, and there should be no cap on earnings subject to social security and medicare taxes. As long as the top 1% controls 50% of the campaign contributions and 100% of the media you won't see that. They may pass that as the published top rate but there will be enough tax shelters and loopholes so they won't actually pay that. The government has a long rich history of using the tax code to drive social policy. If you do politically correct things you get tax breaks, big ones. Is why there will never be a flat tax. Taxation is the ultimate control. A flat tax is regressive. -- Nom=de=Plume Actually is neither Regressive or Progressive. You're just wrong. I don't know how to say it politely. http://en.wikipedia.org/wiki/Flat_tax No, he's not. Regression means that the more you make, the less you pay - hardly a flat tax. You have to remember that the theory behind the flat tax offers no deductions. It's a simple percentage of your income. Didn't say regression - said regressive... and punative for those who make just a bit. You earn $100. You get to keep $90. You earn $100,000. You get to keep $90,000. Which would you pick? 90,000 of course. But it is fair, for each dollar the use is the same. Bet the $90,000 earner also worked harder. Why should he pay 30% when the lacky gets a 10% rate? Are we penalizing those who work? Besides, that whole position is simple-minded. In regard to taxes there is no choice to be made as the two examples are exactly the same... they are being taxed equally. It's an easy sixth grade math problem. I didn't see knuckle's (no offense intended) reply for some reason. Yes, you're right. They're identical tax rates. My point was that a flat tax isn't appropriate because it's regressive for the lower earner. If you change the lower number to something more reasonable, say $40K/year vs. $100 (which was just a limiting case to use as an example). Someone who makes $40K could be someone who works really hard... 10 hours/day 6 days/week, perhaps two jobs. The person who makes $100K/yr. perhaps might only work 20 hrs./wk. We don't need to get into the socio/economic reasons, but there's no way to claim that the lower earner is working less hard. Yet, when you look at a flat tax, the $40K person would keep $36K. The $100K person would keep $90K. Who is hurt more? Again, which salary would you pick? The answer is likely obvious. Are we penalizing those who work hard, but have low-paying jobs? My answer is yes. Let's take a progressive (e.g., non-flat tax) rate. The upper income person is taxed at 20% and the lower one is taxed at 5%. (Quite a difference, right? Yet...) The numbers: Lower incomer keeps $38K. The upper incomer keeps $80K. Clearly, the upper incomer still keeps a decent amount and most people would still pick being this person. Yet, the lower incomer isn't hurt nearly as much. Now if one wanted to discuss compensation, then of course anyone would take the 100k job. Of course, not everyone is qualified or able to perform it. But that's a completely different subject. True enough I suppose. Of course, there's baggage sometimes associated with higher salaries... different subject as you say. You are making **** up. Your assumptions have no bearing on the truth: Many low-wage employees work harder because their skill level can only get them a job involving 9-5 actual labor. Those who chose to get an education are paid more for what they know than what they do - physically. There is no comparison. "Choose to get an education." Hmm... what about those who are limited by their native intelligence? We should punish them for doing the manual labor? -- Nom=de=Plume |
#3
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posted to rec.boats
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On 23/01/2010 8:14 PM, nom=de=plume wrote:
wrote in message ... nom=de=plume wrote: wrote in message ... On Jan 23, 12:08 pm, wrote: On 23/01/2010 12:31 AM, nom=de=plume wrote: wrote in message ... nom=de=plume wrote: "Bill wrote in message m... wrote in message ... "Bill wrote in message ... wrote in message ... On Fri, 22 Jan 2010 08:40:09 -0500, wrote: The top brackets ought to be paying 49%, and there should be no cap on earnings subject to social security and medicare taxes. As long as the top 1% controls 50% of the campaign contributions and 100% of the media you won't see that. They may pass that as the published top rate but there will be enough tax shelters and loopholes so they won't actually pay that. The government has a long rich history of using the tax code to drive social policy. If you do politically correct things you get tax breaks, big ones. Is why there will never be a flat tax. Taxation is the ultimate control. A flat tax is regressive. -- Nom=de=Plume Actually is neither Regressive or Progressive. You're just wrong. I don't know how to say it politely. http://en.wikipedia.org/wiki/Flat_tax No, he's not. Regression means that the more you make, the less you pay - hardly a flat tax. You have to remember that the theory behind the flat tax offers no deductions. It's a simple percentage of your income. Didn't say regression - said regressive... and punative for those who make just a bit. You earn $100. You get to keep $90. You earn $100,000. You get to keep $90,000. Which would you pick? 90,000 of course. But it is fair, for each dollar the use is the same. Bet the $90,000 earner also worked harder. Why should he pay 30% when the lacky gets a 10% rate? Are we penalizing those who work? Besides, that whole position is simple-minded. In regard to taxes there is no choice to be made as the two examples are exactly the same... they are being taxed equally. It's an easy sixth grade math problem. I didn't see knuckle's (no offense intended) reply for some reason. Yes, you're right. They're identical tax rates. My point was that a flat tax isn't appropriate because it's regressive for the lower earner. If you change the lower number to something more reasonable, say $40K/year vs. $100 (which was just a limiting case to use as an example). Someone who makes $40K could be someone who works really hard... 10 hours/day 6 days/week, perhaps two jobs. The person who makes $100K/yr. perhaps might only work 20 hrs./wk. We don't need to get into the socio/economic reasons, but there's no way to claim that the lower earner is working less hard. Yet, when you look at a flat tax, the $40K person would keep $36K. The $100K person would keep $90K. Who is hurt more? Again, which salary would you pick? The answer is likely obvious. Are we penalizing those who work hard, but have low-paying jobs? My answer is yes. Let's take a progressive (e.g., non-flat tax) rate. The upper income person is taxed at 20% and the lower one is taxed at 5%. (Quite a difference, right? Yet...) The numbers: Lower incomer keeps $38K. The upper incomer keeps $80K. Clearly, the upper incomer still keeps a decent amount and most people would still pick being this person. Yet, the lower incomer isn't hurt nearly as much. Now if one wanted to discuss compensation, then of course anyone would take the 100k job. Of course, not everyone is qualified or able to perform it. But that's a completely different subject. True enough I suppose. Of course, there's baggage sometimes associated with higher salaries... different subject as you say. You are making **** up. Your assumptions have no bearing on the truth: Many low-wage employees work harder because their skill level can only get them a job involving 9-5 actual labor. Those who chose to get an education are paid more for what they know than what they do - physically. There is no comparison. "Choose to get an education." Hmm... what about those who are limited by their native intelligence? We should punish them for doing the manual labor? Getting through school is primarily about character, determination and will, beyond a basic IQ that is. For most people, their biggest roadblock is themselves. While I can see the attraction of a utopian society where all are treated the same, like most idealistic notions of how things work it ignores hat humans are needy and greedy at the core. Thus in reality falls flat on it's ass like socialism, keynesian, marxism... all a bunch of BS. Because only capitalism adapts to people and isn't myopic, unduely manipulative and dogmatic. For example, marriage, born of capitalism. Big guy hunts for food, starving woman trades sex for food, next thing you know she is knocked up. Decides to take care of the mans wounds so he can hunt for more, a bond developed and they institutionalised is as marriage as civilization developed. Capitalistic because the guy like sex and the care, and women liked the protection and food. Equitable trade. Capitalism will outlive them all. So get your education, the more you have to offer that can't be found elsewhere that others want, gets you a bigger return. |
#4
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posted to rec.boats
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Canuck57 wrote:
For example, marriage, born of capitalism. Big guy hunts for food, starving woman trades sex for food, next thing you know she is knocked up. We could have all done without your family history. |
#5
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posted to rec.boats
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On Sun, 24 Jan 2010 08:01:59 -0700, Canuck57
wrote: For most people, their biggest roadblock is themselves. While I can see the attraction of a utopian society where all are treated the same, like most idealistic notions of how things work it ignores hat humans are needy and greedy at the core. Thus in reality falls flat on it's ass like socialism, keynesian, marxism... all a bunch of BS. it's laughable watching the right wing spin in the wind after the collapse of their religious beliefs in the 'efficient market'. hell, even conservative economists like richard posner are abandoning the idea of the 'efficient market'. why? because of the evidence. we had a virtually unregulated free market in this country...and it nearly destroyed us. when i was a freshman at carnegie mellon, we had a nobel prize winner economist, herbert simon, who was a pioneer in behavorial economics. and albert lo, at MIT, along with simon johnson of MIT, are looking at the EVIDENCE to develop and integrate simon's work into a concept called 'adaptive market' economics based not on the failed ideas of the religously based 'efficient market', but on how people actually behave but, to the right wing, like 'canuck', following his blind master, rush limbaugh, no amount of evidence will convince them their religion is false. he'll just continue to blather about his faith, his emotions and his failed ideas and call every other idea 'socialism' that's what happens when your religion collapses. Because only capitalism adapts to people and isn't myopic, unduely manipulative and dogmatic. For example, marriage, born of capitalism. ROFLMAO!!! marriage born of capitalism? kind of like when women and children weren't human but were property? yes, THAT aspect of right wing ideology survives. right wingers generally see employees as property, not human Big guy hunts for food, starving woman trades sex for food, next thing you know she is knocked up. Decides to take care of the mans wounds so he can hunt for more, a bond developed and they institutionalised is as marriage as civilization developed. Capitalistic because the guy like sex and the care, and women liked the protection and food. Equitable trade. Capitalism will outlive them all. So get your education, the more you have to offer that can't be found elsewhere that others want, gets you a bigger return. capitalism will oultive them all? except the 'efficient market' simply doesn't work that's what the EVIDENCE shows. people who dont let their emotions run their lives live in the real world those who DO let emotion run their lives are right wingers |
#6
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posted to rec.boats
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"Canuck57" wrote in message
... On 23/01/2010 8:14 PM, nom=de=plume wrote: wrote in message ... nom=de=plume wrote: wrote in message ... On Jan 23, 12:08 pm, wrote: On 23/01/2010 12:31 AM, nom=de=plume wrote: wrote in message ... nom=de=plume wrote: "Bill wrote in message m... wrote in message ... "Bill wrote in message ... wrote in message ... On Fri, 22 Jan 2010 08:40:09 -0500, wrote: The top brackets ought to be paying 49%, and there should be no cap on earnings subject to social security and medicare taxes. As long as the top 1% controls 50% of the campaign contributions and 100% of the media you won't see that. They may pass that as the published top rate but there will be enough tax shelters and loopholes so they won't actually pay that. The government has a long rich history of using the tax code to drive social policy. If you do politically correct things you get tax breaks, big ones. Is why there will never be a flat tax. Taxation is the ultimate control. A flat tax is regressive. -- Nom=de=Plume Actually is neither Regressive or Progressive. You're just wrong. I don't know how to say it politely. http://en.wikipedia.org/wiki/Flat_tax No, he's not. Regression means that the more you make, the less you pay - hardly a flat tax. You have to remember that the theory behind the flat tax offers no deductions. It's a simple percentage of your income. Didn't say regression - said regressive... and punative for those who make just a bit. You earn $100. You get to keep $90. You earn $100,000. You get to keep $90,000. Which would you pick? 90,000 of course. But it is fair, for each dollar the use is the same. Bet the $90,000 earner also worked harder. Why should he pay 30% when the lacky gets a 10% rate? Are we penalizing those who work? Besides, that whole position is simple-minded. In regard to taxes there is no choice to be made as the two examples are exactly the same... they are being taxed equally. It's an easy sixth grade math problem. I didn't see knuckle's (no offense intended) reply for some reason. Yes, you're right. They're identical tax rates. My point was that a flat tax isn't appropriate because it's regressive for the lower earner. If you change the lower number to something more reasonable, say $40K/year vs. $100 (which was just a limiting case to use as an example). Someone who makes $40K could be someone who works really hard... 10 hours/day 6 days/week, perhaps two jobs. The person who makes $100K/yr. perhaps might only work 20 hrs./wk. We don't need to get into the socio/economic reasons, but there's no way to claim that the lower earner is working less hard. Yet, when you look at a flat tax, the $40K person would keep $36K. The $100K person would keep $90K. Who is hurt more? Again, which salary would you pick? The answer is likely obvious. Are we penalizing those who work hard, but have low-paying jobs? My answer is yes. Let's take a progressive (e.g., non-flat tax) rate. The upper income person is taxed at 20% and the lower one is taxed at 5%. (Quite a difference, right? Yet...) The numbers: Lower incomer keeps $38K. The upper incomer keeps $80K. Clearly, the upper incomer still keeps a decent amount and most people would still pick being this person. Yet, the lower incomer isn't hurt nearly as much. Now if one wanted to discuss compensation, then of course anyone would take the 100k job. Of course, not everyone is qualified or able to perform it. But that's a completely different subject. True enough I suppose. Of course, there's baggage sometimes associated with higher salaries... different subject as you say. You are making **** up. Your assumptions have no bearing on the truth: Many low-wage employees work harder because their skill level can only get them a job involving 9-5 actual labor. Those who chose to get an education are paid more for what they know than what they do - physically. There is no comparison. "Choose to get an education." Hmm... what about those who are limited by their native intelligence? We should punish them for doing the manual labor? Getting through school is primarily about character, determination and will, beyond a basic IQ that is. For most people, their biggest roadblock is themselves. While I can see the attraction of a utopian society where all are treated the same, like most idealistic notions of how things work it ignores hat humans are needy and greedy at the core. Thus in reality falls flat on it's ass like socialism, keynesian, marxism... all a bunch of BS. Because only capitalism adapts to people and isn't myopic, unduely manipulative and dogmatic. For example, marriage, born of capitalism. Big guy hunts for food, starving woman trades sex for food, next thing you know she is knocked up. Decides to take care of the mans wounds so he can hunt for more, a bond developed and they institutionalised is as marriage as civilization developed. Capitalistic because the guy like sex and the care, and women liked the protection and food. Equitable trade. Capitalism will outlive them all. So get your education, the more you have to offer that can't be found elsewhere that others want, gets you a bigger return. You really need to take a pill. Capitalism without regulation doesn't work. Get it through your head. -- Nom=de=Plume |
#7
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posted to rec.boats
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#8
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posted to rec.boats
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nom=de=plume wrote:
wrote in message ... nom=de=plume wrote: wrote in message ... On Jan 23, 12:08 pm, wrote: On 23/01/2010 12:31 AM, nom=de=plume wrote: wrote in message ... nom=de=plume wrote: "Bill wrote in message m... wrote in message ... "Bill wrote in message ... wrote in message ... On Fri, 22 Jan 2010 08:40:09 -0500, wrote: The top brackets ought to be paying 49%, and there should be no cap on earnings subject to social security and medicare taxes. As long as the top 1% controls 50% of the campaign contributions and 100% of the media you won't see that. They may pass that as the published top rate but there will be enough tax shelters and loopholes so they won't actually pay that. The government has a long rich history of using the tax code to drive social policy. If you do politically correct things you get tax breaks, big ones. Is why there will never be a flat tax. Taxation is the ultimate control. A flat tax is regressive. -- Nom=de=Plume Actually is neither Regressive or Progressive. You're just wrong. I don't know how to say it politely. http://en.wikipedia.org/wiki/Flat_tax No, he's not. Regression means that the more you make, the less you pay - hardly a flat tax. You have to remember that the theory behind the flat tax offers no deductions. It's a simple percentage of your income. Didn't say regression - said regressive... and punative for those who make just a bit. You earn $100. You get to keep $90. You earn $100,000. You get to keep $90,000. Which would you pick? 90,000 of course. But it is fair, for each dollar the use is the same. Bet the $90,000 earner also worked harder. Why should he pay 30% when the lacky gets a 10% rate? Are we penalizing those who work? Besides, that whole position is simple-minded. In regard to taxes there is no choice to be made as the two examples are exactly the same... they are being taxed equally. It's an easy sixth grade math problem. I didn't see knuckle's (no offense intended) reply for some reason. Yes, you're right. They're identical tax rates. My point was that a flat tax isn't appropriate because it's regressive for the lower earner. If you change the lower number to something more reasonable, say $40K/year vs. $100 (which was just a limiting case to use as an example). Someone who makes $40K could be someone who works really hard... 10 hours/day 6 days/week, perhaps two jobs. The person who makes $100K/yr. perhaps might only work 20 hrs./wk. We don't need to get into the socio/economic reasons, but there's no way to claim that the lower earner is working less hard. Yet, when you look at a flat tax, the $40K person would keep $36K. The $100K person would keep $90K. Who is hurt more? Again, which salary would you pick? The answer is likely obvious. Are we penalizing those who work hard, but have low-paying jobs? My answer is yes. Let's take a progressive (e.g., non-flat tax) rate. The upper income person is taxed at 20% and the lower one is taxed at 5%. (Quite a difference, right? Yet...) The numbers: Lower incomer keeps $38K. The upper incomer keeps $80K. Clearly, the upper incomer still keeps a decent amount and most people would still pick being this person. Yet, the lower incomer isn't hurt nearly as much. Now if one wanted to discuss compensation, then of course anyone would take the 100k job. Of course, not everyone is qualified or able to perform it. But that's a completely different subject. True enough I suppose. Of course, there's baggage sometimes associated with higher salaries... different subject as you say. You are making **** up. Your assumptions have no bearing on the truth: Many low-wage employees work harder because their skill level can only get them a job involving 9-5 actual labor. Those who chose to get an education are paid more for what they know than what they do - physically. There is no comparison. "Choose to get an education." Hmm... what about those who are limited by their native intelligence? We should punish them for doing the manual labor? Why were they limited to their "street smarts"? It wasn't the government. |
#9
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posted to rec.boats
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"Bruce" wrote in message
... nom=de=plume wrote: wrote in message ... nom=de=plume wrote: wrote in message ... On Jan 23, 12:08 pm, wrote: On 23/01/2010 12:31 AM, nom=de=plume wrote: wrote in message ... nom=de=plume wrote: "Bill wrote in message m... wrote in message ... "Bill wrote in message ... wrote in message ... On Fri, 22 Jan 2010 08:40:09 -0500, wrote: The top brackets ought to be paying 49%, and there should be no cap on earnings subject to social security and medicare taxes. As long as the top 1% controls 50% of the campaign contributions and 100% of the media you won't see that. They may pass that as the published top rate but there will be enough tax shelters and loopholes so they won't actually pay that. The government has a long rich history of using the tax code to drive social policy. If you do politically correct things you get tax breaks, big ones. Is why there will never be a flat tax. Taxation is the ultimate control. A flat tax is regressive. -- Nom=de=Plume Actually is neither Regressive or Progressive. You're just wrong. I don't know how to say it politely. http://en.wikipedia.org/wiki/Flat_tax No, he's not. Regression means that the more you make, the less you pay - hardly a flat tax. You have to remember that the theory behind the flat tax offers no deductions. It's a simple percentage of your income. Didn't say regression - said regressive... and punative for those who make just a bit. You earn $100. You get to keep $90. You earn $100,000. You get to keep $90,000. Which would you pick? 90,000 of course. But it is fair, for each dollar the use is the same. Bet the $90,000 earner also worked harder. Why should he pay 30% when the lacky gets a 10% rate? Are we penalizing those who work? Besides, that whole position is simple-minded. In regard to taxes there is no choice to be made as the two examples are exactly the same... they are being taxed equally. It's an easy sixth grade math problem. I didn't see knuckle's (no offense intended) reply for some reason. Yes, you're right. They're identical tax rates. My point was that a flat tax isn't appropriate because it's regressive for the lower earner. If you change the lower number to something more reasonable, say $40K/year vs. $100 (which was just a limiting case to use as an example). Someone who makes $40K could be someone who works really hard... 10 hours/day 6 days/week, perhaps two jobs. The person who makes $100K/yr. perhaps might only work 20 hrs./wk. We don't need to get into the socio/economic reasons, but there's no way to claim that the lower earner is working less hard. Yet, when you look at a flat tax, the $40K person would keep $36K. The $100K person would keep $90K. Who is hurt more? Again, which salary would you pick? The answer is likely obvious. Are we penalizing those who work hard, but have low-paying jobs? My answer is yes. Let's take a progressive (e.g., non-flat tax) rate. The upper income person is taxed at 20% and the lower one is taxed at 5%. (Quite a difference, right? Yet...) The numbers: Lower incomer keeps $38K. The upper incomer keeps $80K. Clearly, the upper incomer still keeps a decent amount and most people would still pick being this person. Yet, the lower incomer isn't hurt nearly as much. Now if one wanted to discuss compensation, then of course anyone would take the 100k job. Of course, not everyone is qualified or able to perform it. But that's a completely different subject. True enough I suppose. Of course, there's baggage sometimes associated with higher salaries... different subject as you say. You are making **** up. Your assumptions have no bearing on the truth: Many low-wage employees work harder because their skill level can only get them a job involving 9-5 actual labor. Those who chose to get an education are paid more for what they know than what they do - physically. There is no comparison. "Choose to get an education." Hmm... what about those who are limited by their native intelligence? We should punish them for doing the manual labor? Why were they limited to their "street smarts"? It wasn't the government. I guess some people just aren't going to be brain surgeons. -- Nom=de=Plume |
#10
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posted to rec.boats
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nom=de=plume wrote:
wrote in message ... nom=de=plume wrote: wrote in message ... nom=de=plume wrote: wrote in message ... On Jan 23, 12:08 pm, wrote: On 23/01/2010 12:31 AM, nom=de=plume wrote: wrote in message ... nom=de=plume wrote: "Bill wrote in message m... wrote in message ... "Bill wrote in message ... wrote in message ... On Fri, 22 Jan 2010 08:40:09 -0500, wrote: The top brackets ought to be paying 49%, and there should be no cap on earnings subject to social security and medicare taxes. As long as the top 1% controls 50% of the campaign contributions and 100% of the media you won't see that. They may pass that as the published top rate but there will be enough tax shelters and loopholes so they won't actually pay that. The government has a long rich history of using the tax code to drive social policy. If you do politically correct things you get tax breaks, big ones. Is why there will never be a flat tax. Taxation is the ultimate control. A flat tax is regressive. -- Nom=de=Plume Actually is neither Regressive or Progressive. You're just wrong. I don't know how to say it politely. http://en.wikipedia.org/wiki/Flat_tax No, he's not. Regression means that the more you make, the less you pay - hardly a flat tax. You have to remember that the theory behind the flat tax offers no deductions. It's a simple percentage of your income. Didn't say regression - said regressive... and punative for those who make just a bit. You earn $100. You get to keep $90. You earn $100,000. You get to keep $90,000. Which would you pick? 90,000 of course. But it is fair, for each dollar the use is the same. Bet the $90,000 earner also worked harder. Why should he pay 30% when the lacky gets a 10% rate? Are we penalizing those who work? Besides, that whole position is simple-minded. In regard to taxes there is no choice to be made as the two examples are exactly the same... they are being taxed equally. It's an easy sixth grade math problem. I didn't see knuckle's (no offense intended) reply for some reason. Yes, you're right. They're identical tax rates. My point was that a flat tax isn't appropriate because it's regressive for the lower earner. If you change the lower number to something more reasonable, say $40K/year vs. $100 (which was just a limiting case to use as an example). Someone who makes $40K could be someone who works really hard... 10 hours/day 6 days/week, perhaps two jobs. The person who makes $100K/yr. perhaps might only work 20 hrs./wk. We don't need to get into the socio/economic reasons, but there's no way to claim that the lower earner is working less hard. Yet, when you look at a flat tax, the $40K person would keep $36K. The $100K person would keep $90K. Who is hurt more? Again, which salary would you pick? The answer is likely obvious. Are we penalizing those who work hard, but have low-paying jobs? My answer is yes. Let's take a progressive (e.g., non-flat tax) rate. The upper income person is taxed at 20% and the lower one is taxed at 5%. (Quite a difference, right? Yet...) The numbers: Lower incomer keeps $38K. The upper incomer keeps $80K. Clearly, the upper incomer still keeps a decent amount and most people would still pick being this person. Yet, the lower incomer isn't hurt nearly as much. Now if one wanted to discuss compensation, then of course anyone would take the 100k job. Of course, not everyone is qualified or able to perform it. But that's a completely different subject. True enough I suppose. Of course, there's baggage sometimes associated with higher salaries... different subject as you say. You are making **** up. Your assumptions have no bearing on the truth: Many low-wage employees work harder because their skill level can only get them a job involving 9-5 actual labor. Those who chose to get an education are paid more for what they know than what they do - physically. There is no comparison. "Choose to get an education." Hmm... what about those who are limited by their native intelligence? We should punish them for doing the manual labor? Why were they limited to their "street smarts"? It wasn't the government. I guess some people just aren't going to be brain surgeons. You have no middle ground. It's one extreme or the other. Don't get caught in a public debate. |
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