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I Differ With You...
Mon Nov 6, 2017 2:19pm (XFF:

I say, consider the purpose of the tax code. What should it do?

Those who have achieved great wealth and great income should contribute more to society than those who have less. The contribution is less of a relative burden on those who have more than it is on those who have less, and by structuring taxes in this manner, it helps those who have less do more with what they have and achieve more.

I agree that all income should be taxable, and at the same rate, whether it is dividends, investments, interest, etc. If your tax rate is X, then you pay X percent on all your income.

As for exemptions and credits, I recognize the complexity they add to the system, but I also see the way they can drive desirable outcomes. I'm not sure that they should all be eliminated. Perhaps there's a better, less complicated way to manage them.


  • I am with you 100% on this, Mondo.DFM, Mon Nov 6 1:31pm
    First of all, a FLAT TAX RATE. No "Progressive" bullshit that just leads to income splitting and reassignment. Second, NO deductions, NO tax credits, NO tax-free bonds, NO tax shelters, NO Capital... more
    • I Differ With You... — Amadeus, Mon Nov 6 2:19pm
      • We used to have very high progressive rates. But NOBODY EVER PAID THEM. They were negated by the numerous tax breaks. Some people made MILLIONS each year and paid ZERO taxes because of breaks like... more
        • The Only Sensible Thing To Do...Amadeus, Tue Nov 7 7:39am
          *stop* No, it is not the only sensible thing to do. The answer here is not constrained to the dichotomy of all or nothing. Simple can be good, but simpler is not always better. As I said, there are... more
          • no one else has to compromise on theirs. You want us to get rid of all of the deductions you don't like, but keep the deductions you DO like. So does everyone else. End result? Everyone keeps their... more
          • LOLMondo Fuego™ , Tue Nov 7 8:57am
            Flailing with meaninglessness. "I" ... "I" ... "I". Conjures up the frail ghost of BoZoBaMa.
      • Your arguments are baselessMondo Fuego™ , Mon Nov 6 2:57pm
        1. You fail to state what the tax code "should" do. You are not in any position to state what the tax code "should" do. You are merely ne opinion out of millions. You don't speak for DFM or me or... more
        • rather applying an emotional cost... How much it HURTS to pay... So, his focus is making the rich HURT more, not just pay more. I forget the source of the concept but the idea starts out taxing the... more
          • Not Really...Amadeus, Tue Nov 7 7:44am
            I am looking at the financial impact. For someone who barely makes enough to get by before taxes are considered, a 25% tax is very financially painful. While for someone who makes much more money, a... more
            • ... anything else, for that matter. You run your agenda shit into the ground, and you never listen to sane people who are telling you that you are full of shit. Shelley wrote this poem with folks... more
            • Your own words convict you... "painful"...Sprout, Tue Nov 7 7:49am
              It's got nothing to do with value... but in HURTING a social group you do not like.
              • Really?Amadeus, Tue Nov 7 12:06pm
                You have to be purposefully misreading what I'm writing to get your conclusion. If anything, I'm viewing the entire society as an organism and taxes as a needed injection that will cause some pain.... more
              • Pointing out the obvious.HeavyHemi, Tue Nov 7 8:22am
                Hurting financially. Pretending his point was their 'feelings', you literally feigned ignorance to create an argument.
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