I like progressive taxes because they discourage money hoarding. Done
properly we would not have the huge gap we have today between the
richest and the poorest. And look how elitist are those with too much
money. Incentives are good but maybe cap the rich at 20 times of the
wealth of the poorest.
Flat taxes appeal to people because it gets rid of the joke which are
the IRS codes. It means simplification. You could also have a
progressive flat tax too as there could be levels of taxation. Do we
really need a "landed gentry?"
The real problem with the US is the standard of living is too high and
was created by allowing too much debt especially among the public. The
last time the economy was real was in the mid 1970s. But a total
economic collapse might solve that. It should have happened in 2008
when it would have damaged the public less than the rich.
On 06/19/2015 09:22 AM, Michael Jackson mjackso...@yahoo.com
[FairfieldLife] wrote:
So what do you think of the flat tax proposal Bhai?
------------------------------------------------------------------------
*From:* "Bhairitu noozg...@sbcglobal.net [FairfieldLife]"
<FairfieldLife@yahoogroups.com>
*To:* FairfieldLife@yahoogroups.com
*Sent:* Friday, June 19, 2015 12:10 PM
*Subject:* Re: [FairfieldLife] Rand Paul's Tax Proposal
That 14.5% figure is interesting because Donald Trump the last time he
ran for President proposed a one-time 14.5% tax on all folks with an
estate of $10M or more. He thought that would help reduce the
deficit. Hence he was not to popular with Republicans.
Flat taxes have often been proposed because our current tax system has
been corrupted by special interests. It is no long a fair system nor
can it even be interpreted properly even by IRS agents. The $50,000
exclusion for a family of four would help the proposal gain more
traction as 14.5% for anyone with that low of income is quite a chunk.
Paul is more a populist than a Republican or even Libertarian. Same
can be said for Bernie Sanders who is showing great popularity with
the millennials. It will be interesting to see what Sanders comes up
with for a tax proposal as I'm sure too he feels the IRS codes corrupt.
On 06/19/2015 01:03 AM, jr_...@yahoo.com <mailto:jr_...@yahoo.com>
[FairfieldLife] wrote:
It appears that there's a hidden agenda behind his proposal. The
sugar coating is that taxes are reduced for everybody. But the
hammer is that the government expenses will have to be reduced to fit
the new tax income received. What do you think?
Presidential candidate Rand Paul plans to 'blow up' tax code
<http://news.yahoo.com/presidential-candidate-rand-paul-plans-blow-tax-code-205639493--election.html?soc_src=mail&soc_trk=ma>
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<http://news.yahoo.com/presidential-candidate-rand-paul-plans-blow-tax-code-205639493--election.html?soc_src=mail&soc_trk=ma>
Presidential candidate Rand Paul plans to 'blow up&#...
<http://news.yahoo.com/presidential-candidate-rand-paul-plans-blow-tax-code-205639493--election.html?soc_src=mail&soc_trk=ma>
WASHINGTON (AP) — Republican presidential candidate Rand Paul called
Thursday for a "fair and flat tax" that would "blow up" the nation's
ta...
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<http://news.yahoo.com/presidential-candidate-rand-paul-plans-blow-tax-code-205639493--election.html?soc_src=mail&soc_trk=ma>
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