Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: rktman
It is useless to try to get the "rich to pay their fair share" through progressive taxes.

This analysis is deeply flawed. First, it assumes that the services for the "rich" is totally inelastic. That is, Harrison Ford can completely pass on his total income tax bill onto producers and, hence, the viewing public. Not so. History is filled with examples of stars who demanded too much and lost the part. Secondly, if the rich really don't pay "their fair share", why is it that 72% of all income tax revenues comes from the top 10% income earners? Personally, I'd lower taxes across the board to 17% and everyone pays that rate; no deductions. I don't care that you only make $10,000/year, you owe $1700 in taxes. If you don't have any earned income and pay no federal income taxes, that's fine, but you don't get to vote in federal elections. Same for state and local. After all, no skin in the game, why should you have a voice in how that income is spent? To me, if you can fog a mirror, you should be working. Exception: Those who have retired and paid their way for 40+ years.

10 posted on 06/23/2017 7:46:00 AM PDT by econjack
[ Post Reply | Private Reply | To 1 | View Replies ]


To: econjack

I am also for a flat tax. But be careful with that denying the vote idea.........


14 posted on 06/23/2017 7:48:16 AM PDT by originalbuckeye ("In a time of universal deceit, telling the truth is a revolutionary act." - George Orwell)
[ Post Reply | Private Reply | To 10 | View Replies ]

To: econjack

The poor should pay no income tax argument sends me up the wall. When I made about $700 in the year ending in 1963, I paid tax, I have a copy of the return that says I did. I could not claim the personal exemption as my folks claimed me as an exemption and the beginning tax rate began at 14% beginning at ZERO through $1000.


23 posted on 06/23/2017 8:00:03 AM PDT by Mouton (The MSM is a clear and present danger to the republic.)
[ Post Reply | Private Reply | To 10 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson