Here's the layout on income tax:
-net income of < 50K (5% taxation) aka Single Home Taxation
-net income of 50K - 150K (25% taxation) aka Dual Income Taxation
-net income of > 150K (60% taxation) aka Upper Class Taxation
Other Notes:
-armed forces salaries untaxed
-gaurunteed Single Home Taxation on all employed Firefighters/Police Officers
-tax exemption for retired persons w/ net income of < 150K
Yes, no, maybe so?
2006-10-24 11:12:24 · 10 answers · asked by Tofu Jesus 5 in Politics & Government ➔ Politics
I like it, the wealthy will never go for it, but nice work.
I totally agree with tax exemption for retired people.
They've been paying taxes their whole work life,
they deserve a break.
2006-10-24 11:25:16 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Never heard of it....
But no- would no way support that.
60% over 150k? Even 25% of those in 50-150k is high. That would represent an increase for a great many people who pay 15% today.
Why do soldiers get off w/out taxes?
Why do firefighters or cops get special treatment becuase of their work?
2006-10-24 11:19:02 · answer #2 · answered by dapixelator 6 · 1⤊ 0⤋
I don't know Jesus. After you turned water into Shariz I'm losing faith in you.
How about a Flat tax I like the every lining soul and and taxable entity pays 10%
Some suggest that we start with 12% until the debt is paid down Then have a tax cut. to a sustainable number.
Go big Red Go
2006-10-24 11:28:37 · answer #3 · answered by Anonymous · 0⤊ 0⤋
No,I say put an overall 6% sales tax for everyone..,everyone pays the same tax.Just because some have more money than others they shouldnt be punished for what they worked hard for.I actually dont want to see any tax on tofu alth I dont eat it.
2006-10-24 11:17:33 · answer #4 · answered by halfbright 5 · 0⤊ 1⤋
it's a very good start... maybe even drop the 60 down to 50, just to make it seem not so heavy... or even have another level >1 million (60 percent)... and make charity donations extremely deductable...
flat taxes discourage spending, since you have to pay taxes when you spend.... it's bad for the economy... the rich would spend less...
2006-10-24 11:20:53 · answer #5 · answered by Anonymous · 0⤊ 1⤋
No. Flat tax only on spent monies. Forget income tax, only what you spend.
2006-10-24 11:20:10 · answer #6 · answered by edubya 5 · 0⤊ 0⤋
why punish the rich NO A flat tax will work
2006-10-24 11:23:14 · answer #7 · answered by Anonymous · 0⤊ 0⤋
My 2 gay dads are rich and could not buy me a new Mercedes if you tax them at 60%.
It is the RICH who buy all the GADGETS while they are new driving the price down for the lower classes like you.
2006-10-24 11:17:38 · answer #8 · answered by HELLBENT 2 · 1⤊ 3⤋
NO DUDE! 60% ON PEOPLE OVER 150 K THATS NOT TAXES IT'S RAPE! HOLY CRAP,NO PUN INTENDED ,I KNOW CRAP ISN'T HOLY! BUT WOW ,HOW ABOUT A 20% FLAT TAX!
2006-10-24 11:19:56 · answer #9 · answered by Anonymous · 0⤊ 0⤋
Your plan is close, but needs to be tweaked some.
2006-10-24 11:17:40 · answer #10 · answered by Tommy D 5 · 0⤊ 0⤋