ah it was hiding as quoted text. Looking now. On 2/6/08, Dana <[EMAIL PROTECTED]> wrote: > I am not sure how that is superficial? But I think it's not a bad > proposal for overnight. Its main flaw is it does not set the placement > of the tax brackets imho. It does relieve the current inequity in > payroll taxes. I don't think it changes the top tax rate much, but > removing bogus deductions and simplifying the code should go a long > way to making up any costs. An alternative minimum tax on corporations > would probably be revenue positive without being counterproductive. > > I don't think anyone currently pays 5% but if you remove the payroll > tax for the lower brackets people would probably be happy to pay it as > they would come out ahead. > > If you think there's a problem with that let's hear what it is. > > On 2/6/08, Cameron Childress <[EMAIL PROTECTED]> wrote: > > Summary: Increase tax on the rich, decrease tax on the poor. > > Predictable I think. Let's get a little less superficial and find out > > how that would work.... > > > > Dana wrote: > > > But, here's a thought for you. Consider a household to be like a > > > business. Define what can be counted as a cost of doing business. > > > Anything above that is adjusted gross income. Tax that on a > > > progressive scale from oh 5% to 50%. > > > > > > Remove the income cap on social security payments. Exempt the bottom > > > 25th income percentile. > > > > > > > > > > So I personally know someone who doesn't work because if they did, the > > combined income of this person and their spouse would raise their income > > level to a point where they would be taxed more and receive less > > subsidies from the government. If their subsidies went up (as you > > suggest) and the taxes above that line also went up, I know they would > > NEVER work. Do you think this would encourage more of that behavior? > > If not - why not? > > > > > Do away with the alternative minimum tax for individuals and institute > > > it for corporations. > > > > > > > Which will just be passed through to consumers. If you think it will > > not be, please let me know how you as a CEO would accomplish this feat > > of magic. > > > > > That's the best I can come up with after a 12-hour shift but it will > > > do for a start. And I don't expect you to like it. You claim to want > > > simplicity but I am pretty sure you really mean you want lower taxes > > > for yourself. > > > > > > > Oh I do want lower taxes for myself. I also want lower taxes for you, > > and for everyone. What I want is to reduce the total amount of money > > required to run the Federal government. Your solutions do nothing > > towards that. They just shift the tax burden to a different group of > > people. > > > > And I have no idea what shifts you work, but if you'd like me to start > > tracking them for the list I can. > > > > -Cameron > > > >
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