Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Would you pay a flat 55% tax on your gross income, if.....?

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
 
SoCalDem Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 06:02 PM
Original message
Would you pay a flat 55% tax on your gross income, if.....?
Edited on Mon Oct-06-08 06:07 PM by SoCalDem
40% federal.. 10% state.. 5% local

no deductions...make more, pay more..simple

includes ALL income..not just LABOR
...........................................................


You had no co-pay, free medical (including vision, dental, mental health care, Rx)

A workers' union for EVERY job in the US

Free college at a state college for your kids

A guaranteed old age pension

5-7 weeks paid vacation a year

12 mo paid maternity leave/6 mo paid paternity leave
..................................

add ons...

maximum mortgage interest 7% fixed..15, 30 & 40 yr

maximum credit card/revolving credit 12%
(credit-worthiness MUST apply to ALL who seek credit, and maximum credit for ANY ONE person , including ALL "accounts" should never exceed 10% of the annual NET pay..and minimum age of 21 should apply also)


Printer Friendly | Permalink |  | Top
Union Thug Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 06:03 PM
Response to Original message
1. Gladly.
Printer Friendly | Permalink |  | Top
 
iiibbb Donating Member (658 posts) Send PM | Profile | Ignore Mon Oct-06-08 06:04 PM
Response to Original message
2. Probably not.
Printer Friendly | Permalink |  | Top
 
geckosfeet Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 06:04 PM
Response to Original message
3. In a heartbeat - and I have no kids!
Printer Friendly | Permalink |  | Top
 
JanMichael Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 06:05 PM
Response to Original message
4. I'd have to stop being a crazy revolutionary Marxist.
Sort of like if I moved to Norway - it's got it all - what would I bitch about?
Printer Friendly | Permalink |  | Top
 
Diclotican Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 06:48 PM
Response to Reply #4
46. JanMichael
JanMichael

Are you in Norway?. In that case, you don't need to be a revolutionary Marxist to be here I guess.. Many here is rather conservative, but still they do support the system we have have... Because the benefit are better than the opposite.. Even that it cost a lot of taxes to get it right.. But compared to the right or conservative in the US, I would say even FRP, our Right,right party would be an moderate to liberal party compared to the right wings in the US..

And that is maybe the worst thing who can happened to an american I guess.. To pay taxes, even it it means they would have aces to near free healtcare. And all the other thing what make a civilized country so good to live in..

Not that our healtcare is perfect, by far. I would rather have our system, than the US system where you can be bankrupt if you have your pendics removed, and have not the right insurance paper..

Diclotican

Sorry my bad english, not my native language.
Printer Friendly | Permalink |  | Top
 
Hugabear Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 08:06 PM
Response to Reply #46
66. What's the immigration policy of Norway?
If somehow, McCain winds up winning - either legitimately or by stealing the election - I suspect some of us DUers may be wanting to escape.
Printer Friendly | Permalink |  | Top
 
Lydia Leftcoast Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 09:15 PM
Response to Reply #66
77. I actually looked into that
It's very hard unless you have a job offer or a parent who was born in Norway. (I have two grandparents who were born in Norway, but that doesn't count.)

I had a job offer about 25 years ago, but I turned it down, for what seemed like good reasons at the time, but which weren't really. :-(
Printer Friendly | Permalink |  | Top
 
Diclotican Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 09:48 PM
Response to Reply #77
80. Lydia Leftcoast
Lydia Leftcoast

Very sad you can't emigrate because the grandparents don't count.. It should if I have a say to it.. But yes, it is strict, much more strict than it was before.. 25 years ago... That is an long time:P I was maybe 7-8 when you was thinking about emigrating to Norway then:evilgrin:

But if you have an job offer, or have other connections to Norway, it should be easy enough to emigrate I hope.. The bureaucracy LOVE their paperwork, and it is not easy to work it all out..

You can at least, if you have the money then, visit our country to be little more knowledge about the country before you emigrate to it.. I for one, in my young years was thinking very hard about emigrate to the US.. At the time it looks like a good idea. But I never materialized it.. And I have to say, I am glad I don't do it.. Some how I believe it was the right decision to do..

I just hope, you and your family, and the rest of the US would make it right this time around.. I fear if the system that the republicans are making more and more the norm in the US, it would end in an exodus for every one who are fearfully for their life, or their family.. To tell that the US are immune to be fascist is just dam wrong.. Every country could be plunging into that trap.. And if the economy in the US are going down the tube.. A Fascist take over, by law or by other means, is very likely.. If the Dollar was flat lining example.. As in the 1920s-1930s Germany.. A "strong leader" would be very good to have - for the fascists.. And as many smart people have been told before. If the fascist ever came to the US, it would be raped into the US flag. And both Bush administration, and the current President and Vice President candidate for the republican side, have been misusing the flag pretty many times.. We have even seen Palin wrapping herself into a giant US flag (isn't it no law against that type of behavior in the US.. It's sure are in Norway... Even that the law is pretty "sleepy" it is there at least).

I can at least give the official site for the Norwegian ambassdey in Washington DC http://www.norway.org/

Diclotican

Sorry my bad english, not my native language.
Printer Friendly | Permalink |  | Top
 
Diclotican Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 09:35 PM
Response to Reply #66
78. Paint It Black
Paint It Black

Hm that is an good questing. I am not sure about the policy when it come to immigration.. But I somehow believe that americans are more than welcome to Norway, or for the sake of it, in most european country's specially in the West (even france, but you do have to learn the language pretty well before you are accepted)

But I fear it is little hard work, paperwork before you can emigrate to Europe, or to Norway.. But Norway need people with knowledge, so I would not be that afraid of working to emigrate to Norway..

But beware. We in Norway are little different from what you might believe.. Many americans who I know and have been here for years, still are confusing about how we are, and our attitudes.. We can be pretty hard to "crack" the code of why we are, but if you ever visit Norway. On Holiday, or as more permanent bases, I would guess you would find us pretty interesting subjects when you are here then:pals: And I am sure you would be surprised to how we act sometimes.. It is better to know little about Norway I guess, before you emigrate. Some americans I have known over the years, have been impressive how we party when our National Day is here (17 may) And one I know once.. Was maybe even little scared by the all.. We still have "some" viking heritage, even if it is more than 800 year since the Vikings was roaming the world :evilgrin:

I would guess, from what I know (and that is not that much, but I can always work with it and came back to it later) that if you are from the US, the policy of emigration are far more easy, than say you are from the old Soviet union, or other parts of the world. Compared to what they have to go true, I am pretty sure americans would breeze true the whole thing.. But it is better to get the information from the Consulate or the Norwegian Ambassador in Washington DC http://www.norway.org/ I believe this to be the official site in Washington DC. This is the visa rules http://www.norway.org/visas/ (It looks like Sweden and Norway is working toghter in Washington DC when it come to Visa rules)

Diclotican

Sorry my bad english, not my native language
Printer Friendly | Permalink |  | Top
 
JanMichael Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-07-08 08:12 PM
Response to Reply #46
93. No but I'd LOVE to live where you live.
Edited on Tue Oct-07-08 08:16 PM by JanMichael
Like you mention your conservatives are better and more lefty than our democrats.

I'd move to Norway in a heartbeat if we didn't have so many older family members here that need us.

Other than those folks we'd move right now...of course only if Norway would take us!

PS~ Your English is fine, don't worry. My worry would be (if I were to hope to move to Norway) is that I don't speak a word of Norwegian and I'm a city planner so that just wouldn't do. Public speaking and understanding written land use codes is a must.



Printer Friendly | Permalink |  | Top
 
ColbertWatcher Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 06:05 PM
Response to Original message
5. And all criminal GOPhers in prison? Yes. n/t
Printer Friendly | Permalink |  | Top
 
drmeow Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 06:08 PM
Response to Original message
6. A flat tax, not matter what the rate,
is not very progressive, even on all income. So - no, probably not. I would certainly be willing to pay that much and even more if that was part of a progressive tax structure but not as a flat tax.
Printer Friendly | Permalink |  | Top
 
ContinentalOp Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 06:30 PM
Response to Reply #6
35. That's an understatement.
A flat tax by definition is not progressive.
Printer Friendly | Permalink |  | Top
 
Jackpine Radical Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 06:09 PM
Response to Original message
7. Sure.
Between self-employment tax, Federal, State & local taxes, etc., we're not paying a whole lot less than that now.

Health care insurance & copays cost me $18k a year. SE tax is about 15%. State income is 5%. I have zero paid vacation. I would probably come out ahead, when I start adding it all together.
Printer Friendly | Permalink |  | Top
 
rucky Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 06:09 PM
Response to Original message
8. Does it matter how much I make?
Printer Friendly | Permalink |  | Top
 
SoCalDem Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 06:11 PM
Response to Reply #8
10. Nope.. because the UNION guarantee in "my" plan assures that you
have access to collective bargaining, and the free college offers you an opportunity to learn more, and get a better job :)

earn more, pay more..
Printer Friendly | Permalink |  | Top
 
barbtries Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 06:10 PM
Response to Original message
9. yes
Printer Friendly | Permalink |  | Top
 
mwooldri Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 06:12 PM
Response to Original message
11. Add on a guaranteed minimum income from some source ...
... and that might be a winner.

Printer Friendly | Permalink |  | Top
 
GoesTo11 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 06:12 PM
Response to Original message
12. a wash
Wouldn't benefit me personally, but if you rolled in what my employer and I pay together for healthcare and social security, it would probably work out to just about that anyway. Parental leave would just be good for society, and so would good state colleges & universities. And most people would take a lower paying job in exchange for 5-7 weeks vacation.
Printer Friendly | Permalink |  | Top
 
Waiting For Everyman Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 06:12 PM
Response to Original message
13. Flat tax is an idea pushed by the rich - it should be on them predominately
Edited on Mon Oct-06-08 06:14 PM by Waiting For Everyman
graduated down, to nothing on those making minimum wage or close to it. And minimum wage should be what it actually costs to get by on a minimal level. The most taxes should be on those who are benefitting the most. And allowing too much extreme wealth to accumulate at the top is dangerous - it's used to influence the whole country too much then.

There are people who can afford their own army. It encourages influencing the media and elections. It's a bad idea. And wrong, IMO. Nobody is so talented that they're worth 400 other people.
Printer Friendly | Permalink |  | Top
 
Trillo Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 07:56 PM
Response to Reply #13
61. There is much wisdom in your words.
Edited on Mon Oct-06-08 07:57 PM by SimpleTrend
"Allowing too much wealth to accumulate at the top is dangerous" and should be ever so clear to everyone in the whole world today.

We need some kind of step-less exponential tax that increases as income increases.

We also need some kind of a livable wage for any kind of work, as well as support and assistance and healthcare for those who cannot or can no longer work.

Either that or eliminate money altogether. Not sure how that would work though, but it sure would get rid of the financial terrorists. Can anyone imagine a future world where those who are in seek of money become as stigmatized as controlled substance addicts are in the current one?
Printer Friendly | Permalink |  | Top
 
Betsy Ross Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 06:13 PM
Response to Original message
14. Sounds pretty good to me.
But it does hit the lower income folks a little hard. Can we add a basic, per person exemption at a middle-class level, say $10K per person?
Printer Friendly | Permalink |  | Top
 
Winterblues Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 06:13 PM
Response to Original message
15. National Health Care has to be included
I would gladly pay that amount.
Printer Friendly | Permalink |  | Top
 
SoCalDem Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 06:14 PM
Response to Reply #15
17. item #1
:hi:
Printer Friendly | Permalink |  | Top
 
baldguy Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 06:14 PM
Response to Original message
16. A flat tax is a bad idea.
The poor - say, people making 20k/yr and under - shouldn't pay any tax. And the top 10% who own 50% of our wealth should pay at least 50% of the taxes.
Printer Friendly | Permalink |  | Top
 
jpgray Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 06:14 PM
Response to Original message
18. Why flat? Those of us who are working, renting students would run into trouble
Avg. income for a decent waiter at a decent restaurant is probably around $30k. Being left with $15k is enough to cover rent and expenses just barely. The justice of a progressive tax is that those who are required to use more percentage of income for necessities have less of that income taxed.
Printer Friendly | Permalink |  | Top
 
SoCalDem Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 06:15 PM
Response to Reply #18
19. free college, free medical, a union
kind of takes care of your issues:)
Printer Friendly | Permalink |  | Top
 
Selatius Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 06:18 PM
Response to Reply #19
21. Yeah, but there is no "free housing" in there to take the bite off of rent.
Edited on Mon Oct-06-08 06:25 PM by Selatius
If that situation were addressed, I'd be more willing to sign on. Not every 20-something is living on college campuses.

You might want to include one exemption on income up to 30,000/year. (I'm spit-balling a number here) Every dollar after that would be taxed, but every dollar before that threshold would go directly to the worker.
Printer Friendly | Permalink |  | Top
 
uppityperson Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 06:35 PM
Response to Reply #21
38. I ran housing figures through my head and found your post to agree with.
So long as there was some sort of ability to pay rent written in, I would agree with it. Trying to figure out if there would be a housing tax credit, or a minimum income to start at (pro-rated below that).
Printer Friendly | Permalink |  | Top
 
MsLeopard Donating Member (717 posts) Send PM | Profile | Ignore Mon Oct-06-08 06:16 PM
Response to Original message
20. In a heartbeat n/t
Printer Friendly | Permalink |  | Top
 
excess_3 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 06:20 PM
Response to Original message
22. NO
Printer Friendly | Permalink |  | Top
 
Warpy Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 06:21 PM
Response to Original message
23. Only if they took away all the niggling taxes and fees we now pay
from sales taxes to excise taxes to luxuries taxes to intangibles taxes to phone taxes to payroll taxes, and on and on it goes on through all the licensing fees we pay, another set of taxes. Most of those taxes and licensing fees are just more ways to shift the burden off the rich and onto working families and drive up the percentage of total taxation on working people within waving distance of that 55% already.

That sort of system would shaft people like me, who saved and stayed out of debt and are no longer young enough to need many of the benefits, but I'd gladly pay it to live in a civilized country.

However, since this country is now in such serious financial trouble, there needs to be a surtax on the highest income until that debt is paid down to what it was before Reagan started to run it up, adjusted for inflation.

We can't do anything without getting this country's financial house in order, and that means paying down that debt while putting people back to work for living wages, and that means progressive taxes.



Printer Friendly | Permalink |  | Top
 
HamdenRice Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 06:21 PM
Response to Original message
24. No. First cut defense spending by 80% and pay off the debt. Then see where we stand
I am becoming more and more a low tax liberal, because when I look at the federal budget I see almost nothing for people, infrastructure or real investment in new technology.

Our current heavy tax burden is primarily a result of defense spending and interest. Get rid of those, and I suppose we could have a flat tax of about 10%. Add national health care and we could have a flat tax of 15%.

But flat taxes are inherently unfair. The more you make, the more percentage, not just the more absolute dollars, you should pay.
Printer Friendly | Permalink |  | Top
 
Gregorian Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 06:32 PM
Response to Reply #24
36. I totally agree with this.
Our taxes are subsidizing a monster.

But one must ask just what effect on our economy decreasing the military budget would have. I think it would be worse than most think. This country is like a drunk who has his own bar. Free drinks for all. Mil-spec martinis.

Printer Friendly | Permalink |  | Top
 
tjwash Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 07:41 PM
Response to Reply #24
59. Yeah...that's about as likely as the OP's scenario
Printer Friendly | Permalink |  | Top
 
KG Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 06:22 PM
Response to Original message
25. the idea works for me, but i'd like to see a sliding scale for different aspects.
Printer Friendly | Permalink |  | Top
 
carlyhippy Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 06:23 PM
Response to Original message
26. count me in
Printer Friendly | Permalink |  | Top
 
mizzuzmojorizin Donating Member (126 posts) Send PM | Profile | Ignore Mon Oct-06-08 06:25 PM
Response to Original message
27. Absolutely, but why the credit cards?
I think that if you were guaranteed all those basics, you wouldn't need to go out and charge extra stuff (and if half your salary's gone, it probably wouldn't be wise to be anything but frugal).

I think your idea is humane and exactly what we need for a sane, healthy society. I also think that Americans need to become less materialistic as a whole. Too many parents shower their kids with way too much stuff. Some can't afford to and do it anyway. But even if you can afford it, it's not the kind of values you want to send to young people.
Printer Friendly | Permalink |  | Top
 
magellan Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 06:25 PM
Response to Original message
28. No, not as a flat tax. n/t
Printer Friendly | Permalink |  | Top
 
Lint Head Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 06:26 PM
Response to Original message
29. No. But I would pay 30%.
:dem:
Printer Friendly | Permalink |  | Top
 
kaygore Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 06:26 PM
Response to Original message
30. Why a flat tax?
It would hurt those in the lowest income brackets. If I make $10 million a year, I would still have over $4 million while the poor guy who makes $10,000 would have only $4,500. What if I have no kids--just myself--and he has four kids. Quite frankly, unless free food is thrown in for this poor guy, he and his family starve.

Nope, the tax still needs to be progressive.
Printer Friendly | Permalink |  | Top
 
nonconformist Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 06:28 PM
Response to Original message
31. No, because I'm opposed to a flat tax. It's regressive. nt
Printer Friendly | Permalink |  | Top
 
OnionPatch Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 06:28 PM
Response to Original message
32. That seems a bit high.
Is it that high in Europe? I thought it was a little lower there for a similar deal.
Printer Friendly | Permalink |  | Top
 
ContinentalOp Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 06:29 PM
Response to Reply #32
34. I could be wrong but I seriously doubt that any European nations have a regressive flat tax.
Certainly not any countries with any social services worth speaking of.
Printer Friendly | Permalink |  | Top
 
OnionPatch Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 08:58 PM
Response to Reply #34
73. Oops, somehow I didn't see the "flat" part.
Guess I didn't read it closely enough, but that changes my answer. My answer is NO. No flat taxes.

Tax the rich....feed the poor.
Printer Friendly | Permalink |  | Top
 
ContinentalOp Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 06:28 PM
Response to Original message
33. Would you be in favor of privatizing social security if it meant you were guaranteed $10,000 a month
Edited on Mon Oct-06-08 06:28 PM by ContinentalOp
Your question is nonsensical. You can't get progressive socialized services under a regressive flat tax system. It doesn't follow.

You're going to take 55% of a person's income if they make minimum wage!? :wtf: So what if they get free college and maternity leave if they can't afford basic food and housing?
Printer Friendly | Permalink |  | Top
 
PeaceNikki Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 06:33 PM
Response to Original message
37. If it included a pony, I would.
Printer Friendly | Permalink |  | Top
 
KitchenWitch Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 06:47 PM
Response to Reply #37
45. ...
Printer Friendly | Permalink |  | Top
 
lumberjack_jeff Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 06:36 PM
Response to Original message
39. 15% state and local would be a big tax cut for me. n/t
Printer Friendly | Permalink |  | Top
 
ColbertWatcher Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 06:37 PM
Response to Original message
40. SoCalDem for president! Woo hoo! n/t
Printer Friendly | Permalink |  | Top
 
RoyGBiv Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 06:38 PM
Response to Original message
41. No flat taxes ...

I'd gladly pay higher taxes if services were improved and expanded and, especially, if military spending were curbed, but flat taxes unfairly tax those who can least afford it.

I suppose the general idea here is that with union representation and a free education, one could expect to find jobs that pay enough that they could afford such a tax. But on the practical side of things, this is unrealistic unless you manage all wages and prices such that the bare essentials (housing, food, utilities) do not consume over half of your income, which is the case for many, many people and would continue to be the case without those controls, regardless of educational opportunities.




Printer Friendly | Permalink |  | Top
 
depakid Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 06:38 PM
Response to Original message
42. No, because a flat tax ignores a very basic economic principle:
Declining marginal utility.

In this case, of money.

http://www.sas.upenn.edu/~baron/jg.htm
Printer Friendly | Permalink |  | Top
 
ileus Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 06:40 PM
Response to Original message
43. We already pay close to that, so HELL yeah! that would be a steal
By the time you pile in all the hidden taxes (phone, 9/11, estate, property, sales, petrol, hotel, ect...) I'm sure it's close to 45 or 50...That's a plan anyone repuke, dem, communist, socialist could get behind.



Printer Friendly | Permalink |  | Top
 
TahitiNut Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 06:43 PM
Response to Original message
44. Make the mortgage interest 5% fixed and tax applicable only above 3x living wage and I'd go along.
Edited on Mon Oct-06-08 06:44 PM by TahitiNut
:shrug: I STRONGLY prefer a progressive income tax structure ... and taxes on investment income (i.e. unearned income) even MORE progressive.

Anyone getting income from capital gains and dividends at or below a living wage (about $28k/year) or below their EARNED income should probably pay SLIGHTLY less income tax on that unearned income. HOWEVER, when someone is living high on the hog off the labor of others, I'd say their marginal income tax rates should be ABOVE the marginal rates on earned income.

In this way, we don't penalize retirees who saved and invested in order to live decently, but people like the Walton Klan can pay through the nose for wallowing in wealth they neither created nor sustained ... wealth that comes solely from the labor of others.


Printer Friendly | Permalink |  | Top
 
DustyJoe Donating Member (102 posts) Send PM | Profile | Ignore Mon Oct-06-08 06:48 PM
Response to Original message
47. Interesting
Knock out sales tax, property tax, gas tax, beer tax, cigarette tax, union fees and i'll think about it.
Printer Friendly | Permalink |  | Top
 
ContinentalOp Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 06:48 PM
Response to Original message
48. It's scary how many people here seem to be in favor of a flat tax.
:wtf: people?
Printer Friendly | Permalink |  | Top
 
madokie Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 06:50 PM
Response to Original message
49. Yes I would
The amount of the average wage earners tax is close to that now when all taxes are taken in consideration
Printer Friendly | Permalink |  | Top
 
deaniac21 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 07:10 PM
Response to Original message
50. Only if we had a whole bunch of 5 year plans thrown in.
Printer Friendly | Permalink |  | Top
 
SidDithers Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 07:11 PM
Response to Original message
51. Flat taxes are horribly regressive...
so, no.

Sid
Printer Friendly | Permalink |  | Top
 
Dukkha Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 07:13 PM
Response to Original message
52. but I already have a fixed 5% mortgage
flat tax might work but the lower incomes would still suffer the most I think.
Printer Friendly | Permalink |  | Top
 
tabasco Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 07:16 PM
Response to Original message
53. Not unless I wanted bloody revolution.
Printer Friendly | Permalink |  | Top
 
fla nocount Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 07:25 PM
Response to Original message
54. Everybody has the same rules? All I have to do is be special to get...
MOAR. Bring it on, everybody should have everything they need to prosper and grow. Cream always rises to the top. I'm not selfish, if I want to show off, extend myself to get the remaining 45% to obscene levels, to have my cultural and national identity shown as the way all people should live. Oh, Yes.

But then again, I identify with an agrarian and indigenous people. We would never let our brother go without, nor his children, especially his children, they are our future.
Printer Friendly | Permalink |  | Top
 
seemunkee Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 07:28 PM
Response to Original message
55. First $75K tax free
Maybe
Printer Friendly | Permalink |  | Top
 
nadinbrzezinski Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 07:28 PM
Response to Original message
56. Flat taxes are bad
but everything you said, with a nice progressive system is PART of the solution
Printer Friendly | Permalink |  | Top
 
and-justice-for-all Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 07:29 PM
Response to Original message
57. YES.
as long as EVERYONE is contributing evenly and fairly.
Printer Friendly | Permalink |  | Top
 
Festivito Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 07:37 PM
Response to Original message
58. When you include all that into my salary, I pay more than 55%.
And, I get less transportability and security of my retirement and insurances.
Printer Friendly | Permalink |  | Top
 
ContinentalOp Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 08:09 PM
Response to Reply #58
68. Yeah but you're probably in the middle class right?
So essentially what the OP is advocating is a tax cut for the middle class, a HUGE tax cut on the wealthy and an absolutely massive tax increase on the poor. And because of those big tax cuts, there wouldn't be enough tax revenue left to fund all of the proposed social programs.
Printer Friendly | Permalink |  | Top
 
Festivito Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 09:11 PM
Response to Reply #68
76. I did not see it that way even tho he did invoke the evil flat tax.
A flat tax is regressive, i.e. oppressive upon the lesser earners, which, I think we'd agree is a ridiculous path to take. So, instead, I ignored the flat tax point and I took it as meaning to compare to the European style of tax and spend which does take around 50% and offers all the nice things he mentions.

I would still prefer a progressive tax that makes the top end use their money in ways that helps our country and promotes democracy rather than the flat tax that makes a silly attempt to pick some arbitrary point at which to begin the actual taxation. There should be an equation that can be adjusted for each year, and it would have no tax percentage breaking points where the percentage changes radically on either side of a dollar value.

Mostly, the idea of having the strongest and best force we know, democracy, to insure health, wealth and well-being throughout life whether young, old, sick or well, for less money than we pay now sounds great.
Printer Friendly | Permalink |  | Top
 
NNN0LHI Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 07:46 PM
Response to Original message
60. If you taxed someone $6000 who was making $13,000 that would only leave them $7000 to live on
Edited on Mon Oct-06-08 07:48 PM by NNN0LHI
I don't think taxing someone making minimum wage over half their pay is the answer.

Don
Printer Friendly | Permalink |  | Top
 
RB TexLa Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 08:00 PM
Response to Reply #60
64. But, but, but . . . . they can use that credit card with the $700 limit to get by on.
:crazy:
Printer Friendly | Permalink |  | Top
 
ContinentalOp Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 08:09 PM
Response to Reply #60
69. But I don't think you understand.
It's a FLAT tax, so it MUST be more fair right? :crazy:
Printer Friendly | Permalink |  | Top
 
theophilus Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 07:58 PM
Response to Original message
62. Absotively posilutely!!!!! n/t
Printer Friendly | Permalink |  | Top
 
1awake Donating Member (852 posts) Send PM | Profile | Ignore Mon Oct-06-08 07:59 PM
Response to Original message
63. well...
Edited on Mon Oct-06-08 08:13 PM by 1awake
On second thought, no to all of it. It would be a very bad idea all around with what is described.
Printer Friendly | Permalink |  | Top
 
Hugabear Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 08:04 PM
Response to Original message
65. Is this OP designed to be troll bait?
Because I think I smell a couple in some of the replies above. Not going to call anyone out by name - since that's against DU rules after all O8) but the signs are there if you know what to look for!
Printer Friendly | Permalink |  | Top
 
varelse Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 08:06 PM
Response to Original message
67. I couldn't live on my "net" income under that plan, due to the cost of living where I am now
so my answer is, "if forced to, and only until I went bankrupt, was evicted and then lost my job eventually because of it".

Sorry, a 55% flat tax doesn't work for me :(
Printer Friendly | Permalink |  | Top
 
tismyself Donating Member (501 posts) Send PM | Profile | Ignore Mon Oct-06-08 08:24 PM
Response to Reply #67
72. same here
With the cost of living where I am, I would be living in the back of my truck within 3 months.

I say throw in all the perks mentioned above and leave taxes the way they are. :evilgrin:
Printer Friendly | Permalink |  | Top
 
Hippo_Tron Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 08:16 PM
Response to Original message
70. If I went to work on capitol hill I wouldn't be able to survive
Starting salaries are around $30,000 there and in DC, rent for a cheap apartment can be $1000 even if you have roommates. That means with $12 months of rent, I have $3,000 left for all other expenses except health care. An entry level job for a lobbying firm, non-profit, or a think tank might pay slightly better than the government but not much.

So do junior staffers for Congressmen and Senators have a union that gets our salaries bumped up to $45,000 a year? Cause I don't see that happening.
Printer Friendly | Permalink |  | Top
 
The Gunslinger Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 08:17 PM
Response to Original message
71. no doubt
Printer Friendly | Permalink |  | Top
 
Chemical Bill Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 09:06 PM
Response to Original message
74. No, tax holdings, not income.
Have a floor which allows people to own a house, then have an all inclusive tax. This includes corporations, overseas holdings of anyone doing business in the US, and churches and schools too.

Bill
Printer Friendly | Permalink |  | Top
 
Cobalt Violet Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 09:11 PM
Response to Original message
75. 55 percent wouldn't leave me enough for rent.
Since my rent is about 60-70 percent of my income, I dont think I could afford this plan. Of course I would have to stop eating, wearing cloths and paying all bills as well.
Printer Friendly | Permalink |  | Top
 
gravity Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 09:38 PM
Response to Original message
79. Progressive taxation is much better
Plus some of those policies are too socialistic.
Printer Friendly | Permalink |  | Top
 
struggle4progress Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-06-08 10:02 PM
Response to Original message
81. That would screw the minimum wage earners: they earn less than $15K per year
and after a 55% tax their take-home would be less than $120 per week: I really doubt most people can do much more than barely survive on thart

Printer Friendly | Permalink |  | Top
 
OakCliffDem Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-07-08 05:38 AM
Response to Original message
82. Kick
Printer Friendly | Permalink |  | Top
 
Vinca Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-07-08 05:39 AM
Response to Original message
83. Yes . . . and I don't have kids. nt
Printer Friendly | Permalink |  | Top
 
Indenturedebtor Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-07-08 05:52 AM
Response to Original message
84. Yes - no kids here yet. But you know there are countries like that with lower taxes
Our taxes are actually pretty high here in the States... but hey we have a HUGE military so that plenty of brown people get killed. That's important too ya know :sarcasm:
Printer Friendly | Permalink |  | Top
 
JVS Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-07-08 06:03 AM
Response to Original message
85. No. I don't make enough to survive on the 45% remaining
Printer Friendly | Permalink |  | Top
 
fed_up_mother Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-07-08 08:15 AM
Response to Reply #85
87. Agree that flat tax isn't progressive. Furthermore, we don't all need unions
so, no, I wouldn't agree to that.
Printer Friendly | Permalink |  | Top
 
NNN0LHI Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-07-08 09:04 AM
Response to Reply #87
90. What unions would you like to do away with?
Printer Friendly | Permalink |  | Top
 
fed_up_mother Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-07-08 09:26 AM
Response to Reply #90
91. I don't want to do away with any unions. We need more unions - not less
We need strong unions in many areas - like nursing, imo.

However, not every worker in this country wants or should be in a union.

For instance, I used to work for a small company doing - shall we say - work strongly related to creativity. Unions would totally stifle that field. The work also has a high burnout rate, but everyone knows that going in. Certain professional jobs shouldn't be unionized, imo, and some couldn't be.

(I don't like to give out too much info about myself which is why the above is worded the way it is.)
Printer Friendly | Permalink |  | Top
 
bunkerbuster1 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-07-08 07:01 AM
Response to Original message
86. Depends on the "guaranteed old age pension."
If it really and truly provided a secure income in retirement, and meant that I didn't need to bother socking away income any more, I'd seriously consider it.

(Not that it's gonna happen.)
Printer Friendly | Permalink |  | Top
 
dysfunctional press Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-07-08 08:19 AM
Response to Original message
88. probably not, seeing as i have no children...
but if the first 35K was tax-free, i'd acquiesce
Printer Friendly | Permalink |  | Top
 
specialed Donating Member (276 posts) Send PM | Profile | Ignore Tue Oct-07-08 09:01 AM
Response to Original message
89. HELL and YES
Printer Friendly | Permalink |  | Top
 
Unbowed Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-07-08 03:21 PM
Response to Original message
92. If I did, I'd be homeless. That's the truth. n/t
Printer Friendly | Permalink |  | Top
 
roamer65 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-07-08 08:15 PM
Response to Original message
94. No.
55% is tax rate that should be applied to incomes over 250K. Taxing the middle class at that rate is regressive and will kill the economy.
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Mon Sep 16th 2024, 02:10 PM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC