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




I still believe in progressive income taxation. I also didn't spend 20
seconds on the math, and I wanted to make the "jumps" easy. Just a
starting point for discussion.

Karl Marx pushed for the progressive tax. The Democrats jumped on his
bandwagon.

"HK" wrote in message
. ..
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




I still believe in progressive income taxation. I also didn't spend 20
seconds on the math, and I wanted to make the "jumps" easy. Just a
starting point for discussion.