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. 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. Seems as if that
makes a tax rate of about 51%. Fair?


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