If you were to write tax policy... (user search)
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  If you were to write tax policy... (search mode)
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Author Topic: If you were to write tax policy...  (Read 4937 times)
A18
Atlas Star
*****
Posts: 23,794
Political Matrix
E: 9.23, S: -6.35
« on: August 26, 2005, 01:02:47 PM »
Two rates of 14% and 27%. Cut off at $90,000. Capital gains taxed at 15% maximum. Flat corporate tax rate of 20%.
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A18
Atlas Star
*****
Posts: 23,794
Political Matrix
E: 9.23, S: -6.35
« Reply #1 on: August 27, 2005, 08:47:02 PM »
Not politically feasible. Ideally, I'd be for no income tax and some low consumption taxes.

Federal revenues as a share of GDP would be about 7 percent (4 percent for defense, 3 percent for everything else).
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A18
Atlas Star
*****
Posts: 23,794
Political Matrix
E: 9.23, S: -6.35
« Reply #2 on: August 28, 2005, 05:34:57 PM »
You are a terrible person.
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A18
Atlas Star
*****
Posts: 23,794
Political Matrix
E: 9.23, S: -6.35
« Reply #3 on: August 28, 2005, 05:49:03 PM »
Now do you see what kind of people are in your party?
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A18
Atlas Star
*****
Posts: 23,794
Political Matrix
E: 9.23, S: -6.35
« Reply #4 on: August 28, 2005, 06:01:26 PM »
You get to keep $4 million for $400 million of work?

Maybe if the Soviet Union just had a little more time and money, it would have worked.
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A18
Atlas Star
*****
Posts: 23,794
Political Matrix
E: 9.23, S: -6.35
« Reply #5 on: August 29, 2005, 05:47:43 PM »
Let's face it. Jfern is a Republican who supports stealing elections.
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A18
Atlas Star
*****
Posts: 23,794
Political Matrix
E: 9.23, S: -6.35
« Reply #6 on: September 03, 2005, 06:35:44 PM »
Personal Exemptions:
Single - $15,000
Married - $30,000
Dependent - $4,000

All other credits, exemptions, and deductions repealed...

taxable income under $40,000 -- 1%
taxable income over $1,000,000 -- 25%
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A18
Atlas Star
*****
Posts: 23,794
Political Matrix
E: 9.23, S: -6.35
« Reply #7 on: September 03, 2005, 07:00:25 PM »
Yes. I just roughly adjusted the 1920s numbers for inflation.
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A18
Atlas Star
*****
Posts: 23,794
Political Matrix
E: 9.23, S: -6.35
« Reply #8 on: September 04, 2005, 03:26:21 PM »
Talk about horribly oppressive rates. I would favor violent revolution if that ever happened.
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A18
Atlas Star
*****
Posts: 23,794
Political Matrix
E: 9.23, S: -6.35
« Reply #9 on: September 04, 2005, 09:29:17 PM »
Good point. When a corporation loses one hundred cents of every dollar it loses, but is permitted to keep only fifty cents of every dollar it gains, its policies are affected. It does not expand its operations, or expands only those with minimal risk.

The same is true of individuals. High marginal rates discourage risk-taking with capital.
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