So, what do you think the tax rate should be? You need to provide logical reasoning to why you think that the tax rate should be what you say.
I think it should be 16-30%. If you tax people too much, then you take money away from them that could be going into the economy. If you take their money away, they don't have anything to spend on entertainment and non-essentials, both of which are huge contributors to the well-being of our economy. Not only that, but many politicians think that we can just tax our way out of debt which we all (hopefully) know is not the answer. Income tax rates reduce the incentive for people to take a job, and when you place a high tax on businesses, they will seek out cheaper places to stay (even producing abroad). I've seen it happen over and over again. My city is home to the Jimmy Johns headquarters, but Jimmy is seriously considering moving his HQ to Florida because the taxes in Illinois are just so damn high.
Anyway, that's my opinion.
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-10% for free $$$$$
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25%-30% flat tax across the board. "But the rich are making more money!" And with percentages they're still paying more than you. Cry more.
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Bearbeitet von HM Rob: 7/3/2013 8:37:05 PM5% to the federal government, 5% to the state government. Flat tax. Of each person's 5% to the federal government, 4% would be spent on the military, .5% on federal infrastructure, and .5% to federal welfare. Of each person's 5% to the state government, 4% would be spent on state infrastructure and 1% would be spent on state welfare. States would rely on themselves much more, and state welfare would be more used than federal welfare.
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0% Or give the option for people to receive government benefits and exclude those that opt out.
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Bearbeitet von M37h3w3: 7/2/2013 7:48:35 AMI can't give a reasonable answer since I haven't the faintest grasp of economics. I'm also assuming the ranges you post pertain are the ranges from the bottom income bracket to the highest, as a flat tax is almost universally seen as a silly idea. Of course your statement makes sense but as the saying goes, the devil is in the details. There are other problems with how our nation is generating revenue such as the fact that there are still tax loopholes, massive amounts of inefficiency, and massively subsidies going to the wrong sectors and/or to people who don't need it anymore. And this entire shambling Frankenstein of a status quo is propped up by Congressmen and women betting a handjob from special interest groups.
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61-75% That way we have ALL our schooling payed for Cheap housing free medical care and free perscriptions... At the expense of some free choice.
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My model: Avoid flat tax. Kill sales tax/other regressive taxation. -Income tax rates increase accordingly. I would estimate the average family would be around 40% for incomes after an X level. 45-50% for high income earners. 33% for low income earners, and 0% for the bottom $15000. That is higher than the current rate but with the sales tax gone the poor would benefit as a result. Which in turn also helps the economy :P.
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Progressive and high. Cut sales tax instead.
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A static tax rate is a horrible thing. That's why we use a progression model.
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0% for people who make under $10,000/year 10% for people who make $10,000-$25,000/year 15% for people who make $25,000-$50,000/year 20% for people who make $50,000-$100,000/year 30% for people who make $100,000-$150,000/year 40% for people who make $150,000-$250,000/year 50% for people who make $250,000-$1,000,000/year 70% for people who make above $1,000,000/year
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I just realized that the "45" is "45$." Dammit lol.
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Progressive tax brackets. Flat tax doesn't work.
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16% for the lowest earners all the way up to 30% for the richest in society