--- In [email protected], "ShempMcGurk" <shempmcg...@...> wrote: > > > > --- In [email protected], off_world_beings no_reply@ wrote: > > > > > > > > > > --- In [email protected] > > <mailto:[email protected] , "ShempMcGurk" <shempmcgurk@> > > wrote: > > > > > > You are confusing the issue by bringing in the concept of "profits" > > for different class groups. NET PROFIT (revenue less expenses) for a > > individual taxpayer -- which under this discussion would be an > > individual doing business as a single proprietor or his share of a > > partnership -- is considered taxable income (that is, once deductions > > and exemptions are deducted from that net profit).>> > > > > That's called profit. No-one is technically taxed on anything but profit > > (unless they are not educated, or rich enough to have lawyers. Warren > > Buffet says he pays less taxes than his secretary. If you can deduct it > > against your income then that is a deduction. If after all deductions > > you apply, your income exceeds your expenditure, then the difference is > > called profit. But I guess you didn't know that and you are being ripped > > off for that enslaved mind of yours, and the rich and the corporations > > end up with YOUR money in their profit.. > > > > Now answer the questions: > > > > > I already did in the last post, if you bothered looking below where you actually asked the questions. > > Pay attention.
Ok, thanks: You said: <<1. For the lower middle class? -- their profits that is, not their total revenues.= 17% <<2. For the middle class? -- their profits that is. = 17% <<3. For the wealthy ( eg. earning over $250,000 a year in profits - notice I said PROFITS, not income.) = 17% A couple of more questions: 4. If you got decide property taxes, what percentage of the value of the property per annum do you think it should be. For example, my house is worth about $215,000, and I pay about $3,000 a year (its actually slightly less, but technically that's what it should be), so that is about 1.4% of the property value, paid annually (about 14% over 10 years), and we have good schools close by, which is the biggest indicator of property values. ie. the better the schools, the better the property values rise statistically around the country. 5. Would you have a sales tax and what would it be? 6. Should there be an estate taxt and what should it be? 7. Should there be laws against pollution? And should there be fines for polluting. 8. Should there be international penalties (fines, or trading blocks) against countries that use cheap labor wth people who have no rights and are more like endentured slaves than workers to produce their food and manufacture their goods, which they then sell at a profit? The reason I ask these last questions is because it all ties into the cost of business and therefore is relevant to the tax question. In other words, if, for example, a country sells goods that poison, pollute, or damage others, should there be fines or penalties (since taxing ahead of time is not possible, but the pollution needs to be cleaned up. And since all companies pollute to some extent, should there be a (very) small pollution tax on a business that helps communities deal better with the local pollution, and nations bring better ways to deal with pollution (eg. poisoning of the seas, water table, soils, and air. 9. Should there be a war tax to support the war and the troops? - if so how mcuh, and what percentage of income could it be or how would you apply it for poor, middle class, and rich? 10. Should there be any tax to help keep roads and bridges in good condition? 11. Should government owned airports tax airlines for using their infrastructure including air traffic control 12. Should there be any extra tax to help develop technology and such institutions as NASA and the National Parks? 13. Any other taxes you think are essential for a local government and/or federal government to be able to function? and what percent of item should it be. I am just trying to get a clear picture of the system. I agree with you about the 17% on the first 3, although I think that is too high. I think it should be 10% and a basic food, rent, and clothing allowance for the poor, and some school clothing and equipment allowance etc. since school is compulsory/necessary especially for the poor because they cannot afford the time to home school for example. So for me so far, it is: <<1. For the lower middle class? -- their profits that is, not their total revenues.= 10% <<2. For the middle class? -- their profits that is. = 10% <<3. For the wealthy ( eg. earning over $250,000 a year in profits - notice I said PROFITS, not income.) = 10% But I also believe the tax havens should be closed. Just because they can afford lawyers, corporations and rich cannot be given loopholes in paying that flat 10%, when everyone else has to pay. Loopholes should be closed and a 10% flat rate on profit enacted. OffWorld
