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That's right, the ghost of Steve Forbes is haunting the American political psyche again! With the flat tax, you see, the IRS could be abolished, because taxation would be so simple, even your four year old could do it! What the hell, when the flat tax is implemented you should have your four year old do your taxes, they probably aren't working anyway, just disguise it as homework or something. He/she doesn't even have to be able to write either, so they can just spit out the number and you write the check, no documentation needed! Just trust your four year old to make the right calculation, they're probably pretty smart, because you support the flat tax. Don't worry about the economic impact of losing the IRS though because H&R block is a house of cards anyway, the impact on the economy can only be a net benefit! I dare you to find a more interesting political "hot topic" than the flat tax! Feel free to share your thoughts about what makes the flat tax the clear superior choice for the American voter. 
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Sep 22, 2015 05:10
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I object to the flat tax: It is unfair to the poor; eliminating the Earned Income Tax Credit [hurts] taxpayers at the lowest rungs of the ladder. It is unfair to workers by taxing them for health insurance and other benefits. Only the wealthy would reap a windfall, because a flat tax would allow them to cash in interest payments and capital gains without paying personal income taxes. I don’t believe that a flat tax could raise enough revenue to keep the government operating. -- Donald Trump
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Sep 23, 2015 16:14
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999 -Herman Cain
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Sep 23, 2015 17:09
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Nein Nein Nein
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Sep 23, 2015 18:33
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dammit this thread was going strong until it had replies
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Sep 24, 2015 00:39
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I think a flat tax is a bad idea, but I also don't understand why we (the US and Canada both) use tax brackets instead of a perfectly simply continuously variable tax rate based on income. The current system is so open to misunderstanding with regards to the irrational fear of being bumped into the next tax bracket, and now that everyone has access to at least a calculator, I don't see much of a reason to use a bracketed system instead of a system where the tax paid on income is a smooth function of taxable income.
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Sep 27, 2015 07:48
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the flat tax: at least it's not a head tax
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Sep 27, 2015 08:00
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PT6A posted:I think a flat tax is a bad idea, but I also don't understand why we (the US and Canada both) use tax brackets instead of a perfectly simply continuously variable tax rate based on income. The current system is so open to misunderstanding with regards to the irrational fear of being bumped into the next tax bracket, and now that everyone has access to at least a calculator, I don't see much of a reason to use a bracketed system instead of a system where the tax paid on income is a smooth function of taxable income. The bracket system accounts for the amount of income you need to live on. You should pay less tax on your 'first' $40k of the year than on each additional 40k of income
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Sep 27, 2015 13:54
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yes clearly a logarithmic tax system is going to be easier for the laymen to understand - an idiot
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Sep 27, 2015 16:02
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RBC posted:yes clearly a logarithmic tax system is going to be easier for the laymen to understand - an idiot This illustrates it quite nicely http://www.datapointed.net/2010/04/historical-us-income-tax-brackets/ Unsurprisingly you don't get this kind of information from newspapers, TV, or primary school.
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Sep 27, 2015 16:06
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Just have the Dept. of Defense collect taxes, as all the money
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Sep 27, 2015 16:09
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We should bring back the 0% rate for the first $10,000 of income
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Sep 27, 2015 16:12
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McDowell posted:The bracket system accounts for the amount of income you need to live on. You should pay less tax on your 'first' $40k of the year than on each additional 40k of income McDowell posted:We should bring back the 0% rate for the first $10,000 of income Hence why I said "taxable income." There should be a basic personal exemption which would render the first $X not taxable. RBC posted:yes clearly a logarithmic tax system is going to be easier for the laymen to understand - an idiot If you can't understand how a function works, which is like 9th or 10th grade math at most, I don't think there's any workable tax system which will make sense to you. We're not asking people to derive it themselves, we're asking them to hypothetically press a few different buttons on the calculator.
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Sep 27, 2015 16:36
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The complicated part of the Internal Revenue Code is not the part that outlines the rates, and this would be true pretty much no matter what rate structure you use 
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Sep 27, 2015 17:29
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PT6A posted:Hence why I said "taxable income." There should be a basic personal exemption which would render the first $X not taxable. Going to be honest, I was too emotionally hosed up in the latter years of highschool to remember a single thing about functions, but I can still easily figure out how to do basic multiplication and addition in our current system. Most people don't use functions or log in their daily life and have completely forgotten that poo poo if they ever knew it at all. Just because something is easy for you I wouldn't assume it is for others.
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Sep 27, 2015 18:10
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People should just tip the government instead. If they do a good job then people will tip more thus bringing more revenue to them. Bad politics will cease to exist!
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Sep 27, 2015 19:55
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Numero6 posted:People should just tip the government instead. If they do a good job then people will tip more thus bringing more revenue to them. Bad politics will cease to exist! ontario already does this http://www.fin.gov.on.ca/en/credit/oof/
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Sep 27, 2015 20:28
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PT6A posted:I think a flat tax is a bad idea, but I also don't understand why we (the US and Canada both) use tax brackets instead of a perfectly simply continuously variable tax rate based on income. The current system is so open to misunderstanding with regards to the irrational fear of being bumped into the next tax bracket, and now that everyone has access to at least a calculator, I don't see much of a reason to use a bracketed system instead of a system where the tax paid on income is a smooth function of taxable income. translate this paragraph for us idiots
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Sep 27, 2015 23:57
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Top City Homo posted:translate this paragraph for us idiots 'Instead of helping people understand progressive income tax brackets we should make the system what they think it is'
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Sep 27, 2015 23:59
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government should be funded by in app purchases through the creation of fun casual games.
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Sep 28, 2015 00:01
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there is literally no reason why the irs can't do our taxes for us other than that h&r block and the company that makes turbotax spend shitloads of money lobbying against it
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Sep 28, 2015 00:13
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Edit: irrational is a modifier to fear.
carticket has issued a correction as of 06:07 on Sep 29, 2015 |
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Sep 29, 2015 06:02
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Top City Homo posted:government should be funded by in app purchases through the creation of fun casual games. Yeah but then I'd have to go fix my grandma's facebook so she stops getting everybody's notifications from Wedding Dronestrike Saga
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Sep 29, 2015 06:22
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Lord of Pie posted:Yeah but then I'd have to go fix my grandma's facebook so she stops getting everybody's notifications from Wedding Dronestrike Saga invite your friends for a free hellfire missile strike!
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Sep 29, 2015 06:35
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EngineerSean posted:999 -Herman Cain We have a slogan, now all we need is a catchy TV-ad jingle to sell the public on the flat tax! Maybe we can get the Pokemon theme guy since Ron Paul is out https://www.youtube.com/watch?v=IVjfa0Alz5o
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Oct 8, 2015 08:26
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A flat tax is a classic way for people who are not as smart as they think they to out themselves, in my experience.
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Oct 8, 2015 12:29
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katlington posted:A flat tax is a classic way for people who are not as smart as they think they to out themselves, in my experience. im the small-government conservative who uses occam's razor when i talk about the flat tax
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Oct 8, 2015 15:26
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I prefer my taxes to be curvy
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Oct 8, 2015 15:51
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I prefer mine exponential
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Oct 8, 2015 16:18
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cut taxes on low incomes, raise them on high incomes, property and capital gains imo
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Oct 9, 2015 15:10
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The Saurus posted:cut taxes on low incomes, raise them on high incomes, property and capital gains imo you loving commie
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Oct 9, 2015 19:46
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EngineerSean posted:999 -Herman Cain Nine nine-inch pizzas for nine dollars.
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Oct 10, 2015 19:02
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TROIKA CURES GREEK posted:I object to the flat tax: this worked better before donald trump's tax plan turned out to be basically the same as jeb!'s
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Oct 10, 2015 19:48
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point of return posted:this worked better before donald trump's tax plan turned out to be basically the same as jeb!'s Bad, but not as absolutely catastrophic as a flat tax would be.
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Oct 10, 2015 19:58
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VideoTapir posted:Nine nine-inch pizzas for nine dollars. does this deal actually exist and if so where can i get it?
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Oct 10, 2015 21:37
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“The necessity for a government to tax in order to maintain both its independence and its solvency is true for state and local governments, but it is not true for a national government.” Beardsley Ruml, Chair Federal Reserve Bank of New York (1937-1947) “There is never a risk of default for a sovereign nation that issues its own free-floating currency and where its debts are denominated in that currency.” Mike Norman, Chief Economist for John Thomas Financial “Central banks can issue currency, a non-interest-bearing claim on the government, effectively without limit.” Alan Greenspan, Chair of the Federal Reserve (1987-2006) “There is no inherent limit on federal expenses and therefore on federal spending…When the U.S. government decides to spend fiat money, it adds to its banking reserve system and when it taxes or borrows (issues Treasury securities) it drains reserves from its banking system. These reserve operations are done solely to maintain the target Federal Funds rate.” Monty Agarwal , managing partner and chief investment officer of MA Managed Futures Fund “As the sole manufacturer of dollars, whose debt is denominated in dollars, the U.S. government can never become insolvent, i.e., unable to pay its bills. In this sense, the government is not dependent on credit markets to remain operational.” Federal Reserve Bank of St. Louis hth nod federal taxes needed spend all the money
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Oct 11, 2015 01:39
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VideoTapir posted:Nine nine-inch pizzas for nine dollars. I'd buy it.
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Oct 11, 2015 02:29
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What would the downsides be for racing capital gains at the same rate as normal income?
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Oct 13, 2015 19:39
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The best tax code is the one that fits in 144 characters or less and can be understood by gibbons
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Oct 13, 2015 19:46
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lampey posted:What would the downsides be for racing capital gains at the same rate as normal income? "discourages investment"
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Oct 17, 2015 23:18
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