They need to tax the poor/middle class more!

Discussion in 'Economics & Trade' started by Aquarius, Jun 22, 2021.

  1. Bluesguy

    Bluesguy Well-Known Member Donor

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    They are not the same income but each is taxed the same to the every taxpayer except the lower incomes don't pay taxes on their capital gains income up to a certain amount.

    And you still can't get the term correct why is that?
     
  2. FreshAir

    FreshAir Well-Known Member Past Donor

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    but that is not what I proposed, I proposed a flat tax where all income is treated the same
     
  3. Bluesguy

    Bluesguy Well-Known Member Donor

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    Why when all income is NOT the same. Should the lower and middle class have their cap gains taxed the same too? Should the lower and middle incomes pay the same tax rates as the highest earners?
     
  4. FreshAir

    FreshAir Well-Known Member Past Donor

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    you're right, labored income should be taxed less

    maybe the first 20k of investment income is taxed lower and more then that higher
     
    Last edited: Jan 10, 2023
  5. Bluesguy

    Bluesguy Well-Known Member Donor

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    Why are you putting words in my mouth now?

    Why should investment income, the capital already having been taxed, be taxed at the same rate? If the higher rate produces less tax revenue would you still support it?
     
  6. FreshAir

    FreshAir Well-Known Member Past Donor

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    you said they should not be treated the same, I said your right

    why should labored income be tax more than non-labored income?
     
    Last edited: Jan 10, 2023
  7. Bluesguy

    Bluesguy Well-Known Member Donor

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    And then put words in my mouth, please cease doing so and address what I do say and respond to my questions to you.

    Why should investment income, the capital already having been taxed, be taxed at the same rate? If the higher rate produces less tax revenue would you still support it?
     
  8. FreshAir

    FreshAir Well-Known Member Past Donor

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    nope, those were my words
     
  9. Bluesguy

    Bluesguy Well-Known Member Donor

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    No you assigned them to me

    Withdraw the claim I said that and answer my questions to you

    Why should investment income, the capital already having been taxed, be taxed at the same rate? If the higher rate produces less tax revenue would you still support it?
     
  10. FreshAir

    FreshAir Well-Known Member Past Donor

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    nope, I did not, I said your right, then added in my own comments
     
  11. Bluesguy

    Bluesguy Well-Known Member Donor

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    Nope you said I was right that that was the case. That was not my case.

    Withdraw it and answer my questions to you
     
  12. FreshAir

    FreshAir Well-Known Member Past Donor

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    you were right, they should be treated different - I said yeah, labored income should be taxed less, you don't have to agree with me
     
  13. DennisTate

    DennisTate Well-Known Member Past Donor

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    On the other hand the truth about the rather brilliant 1938 to 1974 Bank of Canada policy could be explained to Canadians and then...........
    the logic of an Unconditional but Taxable rather modest Basic Minimum Income could be explained to Canadians............

    ... that is one of the options ahead of us......


    To what degree is the national debt of Canada a practical joke?


    I strongly suspect that the idea for the 1938 to 1974 Bank of Canada policy was the 1861 - 1865 Lincoln Greenback Monetary Policy experiment... .( but of course I could be in error on that theory)?!
     
    Last edited: Feb 11, 2023
  14. DennisTate

    DennisTate Well-Known Member Past Donor

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    One of the reasons why our progressive taxation system is set up as it is.......

    ... is because twenty percent of Canadians and twenty percent of Americans do about eighty percent or more of the most economically valuable work..........

    .... and INCOME TAX is something of a practical joke that stops those most productive Americans and Canadians from rapidly outpacing Bill Gates and other billionaires in ways that tend to be important to billionaires...... For example........

    a multi billionaire can be annoyed when a mere millionaire manages to make the payments on a car..... or SUV... that is nicer... .than the car or SUV...... that they are driving!!!!!!


    Income Tax is not exactly necessary......
    if we understood the obvious implications of the brilliant President Lincoln Greenback Monetary Policy Experiment of 1861 to 1865!


    www.BankingSystemFlaws.blogspot.com/





    Can the national debt of the USA be paid off in one year?


    ?
    Can the national debt of the USA be paid off in one year?

    1. No
      41 vote(s)
      85.4%

    2. Yes
      4 vote(s)
      8.3%
    3. *
      No.. it will take seven years and Ezekiel chapters forty to forty eight must be prepared for.
      2 vote(s)
      4.2%

    4. By this do you mean that the national debt of the USA is partly a practical joke???????
      1 vote(s)
      2.1%
    Change Your Vote


     
    Last edited: Feb 11, 2023

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