Right, however you can't tax unrealized capitol gains. You take home one mega paycheck, pay initial taxes on it and then live off it for 10 +/- years. I'm sure Jobs leases the car, and get the write off too.Steve Jobs had a salary of $1, yet he somehow bought a new Porsche 911 every 6 months to avoid registration. I get that California registration is expensive, but that hardly seems like a good financial move for a guy making $1 a year.
So maybe an income based tax isn't the answer. Maybe a "you have more money than God, so you give 25% of it" is.
I'm all for folks having money, but you can't give me a use case that justifies 400 billion.
Anybody who can afford an accountant will pay significantly less than the 25% flat tax.Right, however you can't tax unrealized capitol gains. You take home one mega paycheck, pay initial taxes on it and then live off it for 10 +/- years. I'm sure Jobs leases the car, and get the write off too.
I'm for a straight flat tax across the board, say 20-25% for example that would cover fed, state (like here in CA), SS, Medicare etc. Everyone from the ones that make $15K-$400M all pay the same percentage and no write offs. Your paycheck would have the taxes withdrawn and 1099's would pay their 20% per quarter on earnings. That would alleviate April 15th which wouldn't suck. Then EVERYONE would be paying their fair share.
Ah, the flat tax fallacy. One of those things that sounds good, if you don't know how life works.Right, however you can't tax unrealized capitol gains. You take home one mega paycheck, pay initial taxes on it and then live off it for 10 +/- years. I'm sure Jobs leases the car, and get the write off too.
I'm for a straight flat tax across the board, say 20-25% for example that would cover fed, state (like here in CA), SS, Medicare etc. Everyone from the ones that make $15K-$400M all pay the same percentage and no write offs. Your paycheck would have the taxes withdrawn and 1099's would pay their 20% per quarter on earnings. That would alleviate April 15th which wouldn't suck. Then EVERYONE would be paying their fair share.
I'd never done a tax return until I moved to the US. As here, tax is deducted by employer but interest on savings is taxed by the financial institutions. There is no prep/return/weird deduction BS to deal with as an employed person.Ah, the flat tax fallacy. One of those things that sounds good, if you don't know how life works.
Know what would make April 15th not suck? Get rid of the tax preparation industry. Boom. Billions of hours and billions of dollars saved.
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I don't know about you, but I look forward to doing my taxes every year. Making a good faith effort to accurately record (for the low low price of $80!) all my financial dealings while attempting to interpret an often convoluted and arcane set of tax laws, all under the premise of having life as I know it ruined if I make a mistake, warms the cockles of my heart.I'd never done a tax return until I moved to the US. As here, tax is deducted by employer but interest on savings is taxed by the financial institutions. There is no prep/return/weird deduction BS to deal with as an employed person.
Pretty much very accurateAh, the flat tax fallacy. One of those things that sounds good, if you don't know how life works.
Know what would make April 15th not suck? Get rid of the tax preparation industry. Boom. Billions of hours and billions of dollars saved.
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That's why you would do a straight tax with no deductions, so you can't write off mortgage interest, charity donations, child care etc. No accountants necessary. You make $100K for the year, your percentage of $25K is deducted every paycheck until December 31st you owe the government nothing. That money is then allocated to FED, state tax, SS, Medicare & Roth IRA if you have one etc.Anybody who can afford an accountant will pay significantly less than the 25% flat tax.
As you said, once you have significant wealth, you can structure your salary to whatever you want and deduct everything else.
Pithy statement.Pretty much very accurate
Ah, the regressive "flat tax" to burden poor people. At least it is easier to convince people that it is fair because of how simple it is.Ah, the flat tax fallacy. One of those things that sounds good, if you don't know how life works.
Fuck these people. To paraphrase Mencken, you deserve what you voted for, and good and hard.A few examples of folks recognizing that after voting for Trump the chickens that came home to roost aren't bearing any eggs at all.
I watched the first 3 minutes, and skimmed the rest. It is what it you'd expect.
I paid 2 cents more per gallon for gas today WHAT THE FUCK DONNIEwhat's the tax on eggs, anyways?
A few examples of folks recognizing that after voting for Trump the chickens that came home to roost aren't bearing any eggs at all.
I watched the first 3 minutes, and skimmed the rest. It is what it you'd expect.
Simple minds demand simple solutions.Ah, the regressive "flat tax" to burden poor people. At least it is easier to convince people that it is fair because of how simple it is.
You’ll need to shorten that for some of our select members. Way too many words.Simple minds demand simple solutions.
CHEAPER EGGSYou’ll need to shorten that for some of our select members. Way too many words.
Eggs are round, so a flat tax would fall right off. That makes them basically free.CHEAPER EGGS
Not with Rocks, Paper, Scissors, broEggs are round, so a flat tax would fall right off. That makes them basically free.
Best I can do is attorney general, but maybe we should shoot for HUD for nsteadMaybe, I don't know, have more farms with less chickens so if there is an outbreak, half the supply isn't gone in a day.
Kinda like that old line, don't put your eggs in one basket.
Whatever, I'm just talking crazy.