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IphengeniaBlumgarten

(328 posts)

15. I sense some confusion...

Reply to Cleita (Reply #13)

Mon Feb 18, 2013, 03:42 PM

Feb 2013

I understood you to say you wanted to tax assets, which are things of value that someone owns, for example stocks or real estate. I was asking how you intended to structure that tax and gave two examples.

I am perplexed as to how you think that means I like regressive taxes. (I don't.)

If by taxing assets you mean we should have a higher tax rate on capital gains and second homes, then fine by me.

I believe income from rents (less expenses) is probably already taxed as ordinary income.

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I guess the flat tax idea is resurfacing again. [View all] Jackpine Radical Feb 2013 OP

Any so-called 'flat tax' is regressive. sinkingfeeling Feb 2013 #1

That is exactly the point I'm trying to make. Jackpine Radical Feb 2013 #3

I think most flat tax proposals are income tax based and remove most deductions el_bryanto Feb 2013 #2

The point remains in both cases: Jackpine Radical Feb 2013 #4

Well - they would file corporate tax returns el_bryanto Feb 2013 #8

Some basic restructuring of the US tax laws are well overdue ProgressiveProfessor Feb 2013 #5

Time to really consider taxing assets instead of income. Cleita Feb 2013 #6

How would that work? IphengeniaBlumgarten Feb 2013 #12

Oh, is that how you would work that? How regressive of you. I suppose you like sales tax too. Cleita Feb 2013 #13

I sense some confusion... IphengeniaBlumgarten Feb 2013 #15

In my post I stated I don't really know how to go about this, however, here is another Cleita Feb 2013 #16

I suppose there is one thing to be said for the flat tax......... OceanEcosystem Feb 2013 #7

Here's the thing... Jeff In Milwaukee Feb 2013 #11

Flat tax rates make the poor pay more and the rich pay less LonePirate Feb 2013 #9

Exactly. Jackpine Radical Feb 2013 #10

That turd floats to the top pretty much any time taxes are discussed. winter is coming Feb 2013 #14

A surprising number of Dems take the bait. KamaAina Feb 2013 #17

It "sounds fair" until you do the math, or unless you have some winter is coming Feb 2013 #18