09-16-2010, 08:18 PM
(09-16-2010, 08:06 PM)kandrathe Wrote: Now, if only we might convince the IRS to tax us at a flat rate according to net worth, then those at the top, like Warren Buffet, might actually feel the sting of having to contribute rather than grouse about it. For most of the people in the US who remain in the negative territory, they may benefit from paying less. The fairest method I believe would be high consumption based taxes, made progressive by tax rebates commensurate with net worth. How to implement this would be less difficult in the age of electronic debit and credit cards.
I'm not so sure that Warren Buffet would have an issue. Warren and Bill were famously quoted during Bush's tax reduction for the wealthy (those making over $250k a year as a family) saying something to the effect of; "I need a tax reduction why?"
And while flat tax makes some sense, there's some articles out there (I would need to go find them) that show mathematically why a flat tax won't work (it boiled down to cost of goods and services compared to the amount of net income someone has after taxes are figured where a 15% flat tax against someone in the poverty line area would make it next to impossible for them to survive adequately whereas 15% against someone making $150k a year would be negligible to them).
Sith Warriors - They only class that gets a new room added to their ship after leaving Hoth, they get a Brooncloset
Einstein said Everything is Relative.
Heisenberg said Everything is Uncertain.
Therefore, everything is relatively uncertain.
Einstein said Everything is Relative.
Heisenberg said Everything is Uncertain.
Therefore, everything is relatively uncertain.