Quote:
Originally Posted by joeydb
Any talk of "need" with regard to income and what can keep due to government confiscation is, often unintentionally, socialistic.
If I am to "earn" a large paycheck, and 62% of it is forcibly taken from me, why the hell would I work hard enough to do that again? I'd work enough to earn a figure in a lower bracket - which I can do, due to the ludicrous progressive tax system. So then it is not just I who lost the income, but also the government. This is one of the mechanisms by which higher tax rates often yield lower revenues.
Another mechanism is that I simply move my business out of the country and avoid this confiscatory tax.
You cannot define what is "fair", especially, as you point out, when the costs are assigned to one group and the benefits are assigned to another non-overlapping group. This is why we need a flat tax: everyone paying the same rate. Earn twice as much, pay twice as much. Earn half as much, pay half as much. Put in a poverty exclusion - like not taxing the first $50,000 or something. Because we can define what is proportional, and that often syncs up with what most people would agree is fair.
By the way, on a more frivolous note:
I am a huge Star Trek fan. When Spock said that statement it was in reference to whether he or Kirk should command the ship since Spock was acting captain, Kirk was an admiral and normally would not interfere, but of course, as always, a critical mission came up. I don't think it was a wholesale endorsement of redistributing wealth.
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This is beyond ludicrous. You have no understanding of taxation. everyone is taxed at the same rate. The rich are taxed at the same rate up to a certain income that everyone else is. It is only after they go into another bracket that "that" income is taxed at the higher rate. It is this level of stupidity that harms AMerica. All of your income is not taxed at the next level no matter what your income is. If you make 9 gazillion dollars your first 50k is taxed at the lower level, then up to 250 k taxed at the next higher level, then after that taxed at the highest level, so anyone purposely not making money to stay in the lower bracket is an imbecile because they are already there at imcomes taxed at that amount. It's called a marginal tax rate.
Are you this stupid on purpose or do you work hard at it??