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backwoodsbob

backwoodsbob's Journal
backwoodsbob's Journal
May 6, 2014

should we be taxing earnings...or should we be taxing wealth?

maybe I'm wrong but I think we are going about taxation all wrong.Instead of taxing earnings I think we should be taxing wealth.
Excluding your primary residence I think we should have a 12 or 15 percent tax on wealth.

Making 10 bucks an hour and working at wallyworld living paycheck to paycheck? your total federal tax for the year would be about 1,600 before exemptions...basically giving you a tax bill of zero after exemptions

You're Bill Fucking Gates and you're worth 50 billion dollars?...your first year tax bill would be 7.5 billion dollars....before personal exemptions of course

Discuss

May 5, 2014

war pigs

May 5, 2014

question about this ozzy video

is that Mettalica's bassist playing bass for Ozzy?

May 5, 2014

this kid reminds me so much of myself 30 years ago

wish my hands would allow me to still do this

May 4, 2014

ok who won and lost on the derby?

played it safe and only bet on Cali Chrome......did bet the triple crown though...never know.Bet it before the race so good odds.

ANYWHO....any big winners?

Profile Information

Gender: Male
Hometown: South Carolina
Member since: Mon Sep 3, 2007, 07:35 AM
Number of posts: 6,001
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