SENATE BILL: Income Tax Reform Act of 2014 (Failed)

[TNF]

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2. All income tax deductions are null and void except for the deduction on charitable donations. The taxpayer shall pay the prescribed rate for his or her income listed in clause A above.
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[TNF]

Even if my amendment goes down, I'd like to throw out there that it's totally insane to place an income tax upon people making $25K per year while giving a tax cut to the richest people in the country. No one making under $100K should be paying the income tax, as was originally intended by those who implemented it a century ago.

[TNF]

I'd support TNF's amendment without the confiscation bit.

Why should anyone make in excess of $8M? Surely that's too much for any one person.

[TNF]

I'd support TNF's amendment without the confiscation bit.

Why should anyone make in excess of $8M? Surely that's too much for any one person.

I'm not supporting letting them keep all $8,000,000 dollars, but they should be allowed to have some, no?

I don't see why they should be able to hoard that much money (which is what they'd be doing). That money can be better assigned to social priorities, such as the building of hospitals, expansion of wireless internet services, building mass transit lines, etc.

[TNF]

I'd support TNF's amendment without the confiscation bit.

Why should anyone make in excess of $8M? Surely that's too much for any one person.

I'm not supporting letting them keep all $8,000,000 dollars, but they should be allowed to have some, no?

I don't see why they should be able to hoard that much money (which is what they'd be doing). That money can be better assigned to social priorities, such as the building of hospitals, expansion of wireless internet services, building mass transit lines, etc.

I just said I don't support letting them keep the money - I want to keep the 90% rate on them too. And we can still build hospitals, subways, and those internet things the young'uns are always going on about without resorting to confiscation.

It's not as if confiscation would be unfounded, though. The fact that they're making in excess of $8M per year (in almost every case) is evidence that they're skimming the profit out of others' labor. It's outright parasitic. That money should be forcibly confiscated of them and put to work for those who actually produced that wealth, i.e. the workers of this nation.

[TNF]

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2. All income tax deductions are null and void except for the deduction on charitable donations. The taxpayer shall pay the prescribed rate for his or her income listed in clause A above.
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[TNF]

Nay