General Discussion

edhopper

(37,370 posts)

76. I am not talking about changing all the tax code.

Wed Dec 4, 2013, 07:25 PM

Dec 2013

I am saying that all income should be taxed at the same progressive rate as earned income (wages, salary). People on SS pay at a higher rate than rich people who get most of their income from investments, that is what i am addressing.

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Income is income, tax it all the same. [View all] edhopper Dec 2013 OP

I think that's a good slogan. last1standing Dec 2013 #1

The problem comes in how do you assess and tax wealth? Blanket Statements Dec 2013 #2

I would tax just about everything in this system. last1standing Dec 2013 #4

How about starting with the standard of a living wage truebluegreen Dec 2013 #11

I'm all for a guaranteed living wage but in itself that would not lead to fair taxation. last1standing Dec 2013 #17

Hear, hear! Laelth Dec 2013 #30

I don't disagree edhopper Dec 2013 #3

Sorry, it really is a great idea to use "income is income." last1standing Dec 2013 #5

Property taxes are wealth taxes. Laelth Dec 2013 #29

No, not entirely unprecedented but few will get the connection. last1standing Dec 2013 #35

My wife and I choose to save for our future joeglow3 Dec 2013 #33

Because you are provided services to protect and guarantee those savings year after year. last1standing Dec 2013 #34

How is the military protecting my wealth? joeglow3 Dec 2013 #36

the military protects your wealth from seizure due to invasion. last1standing Dec 2013 #37

You're suggesting that they were protecting your *life* in Iraq and Afghanistan? lumberjack_jeff Dec 2013 #50

The Fed does not guarantee your savings in the bank ....... oldhippie Dec 2013 #38

As I understand it, the FDIC guarantees up to $100,000 should a bank fail. last1standing Dec 2013 #41

The FDIC is not The Fed ....... oldhippie Dec 2013 #44

No, I think my definition is pretty standard and you've met it twice now. last1standing Dec 2013 #45

Can't take a little discussion and ..... oldhippie Dec 2013 #46

Wow. You are really condescending, for a "hippie". closeupready Dec 2013 #51

Some people, when they can't defeend their positions, ... oldhippie Dec 2013 #53

Why should you not? lumberjack_jeff Dec 2013 #49

I'd like to see TheFarseer Dec 2013 #6

exactly edhopper Dec 2013 #7

They've already had a tax credit for investiong overseas... Just sayin' n/t freshwest Dec 2013 #10

Yes. In essence we paid to move their factories and our jobs overseas. nt truebluegreen Dec 2013 #12

HERE is the place where BOTH parties are guilty and should be swept clean VIA Term Limits. cherokeeprogressive Dec 2013 #8

Term limits generally create a government more beholden to lobbyists' money, not less. last1standing Dec 2013 #18

Tax It All For Sure colsohlibgal Dec 2013 #9

what about retirement income and social security payments? hfojvt Dec 2013 #13

I'm torn on taxing the 401k Glassunion Dec 2013 #21

My social security payment is already taxed ..... oldhippie Dec 2013 #40

"Income is income" customerserviceguy Dec 2013 #61

actually McCain hinted at it hfojvt Dec 2013 #62

If McCain is your idea of a progressive customerserviceguy Dec 2013 #63

I am not talking about changing all the tax code. edhopper Dec 2013 #76

Generally speaking, I'm fine with that customerserviceguy Dec 2013 #83

I meant tax rate edhopper Dec 2013 #84

Should we do away with the 250k capital gain exemption for selling a home? taught_me_patience Dec 2013 #14

No edhopper Dec 2013 #25

So you are just refining your definition of "taxable income" ... oldhippie Dec 2013 #42

No edhopper Dec 2013 #47

Then why should capital gain from the sale of a house ..... oldhippie Dec 2013 #52

Again edhopper Dec 2013 #58

but that $250,000 exemption from home sales hfojvt Dec 2013 #66

And again ..... oldhippie Dec 2013 #69

He has already said that capital gains on a house after the first $250K should continue being ... ieoeja Dec 2013 #70

So he wants to tax them differently ...... oldhippie Dec 2013 #71

Yes edhopper Dec 2013 #75

There would be no different rate for Cap Gains. edhopper Dec 2013 #77

That's what I thought .... oldhippie Dec 2013 #81

The way things are now, yes. edhopper Dec 2013 #82

How dare you ask the person to actually think it thru..... FogerRox Dec 2013 #72

I know, I know ..... oldhippie Dec 2013 #73

I am not changing any definition edhopper Dec 2013 #79

I'd prefer a PROGRESSIVE Tax system. adirondacker Dec 2013 #15

+ struggle4progress Dec 2013 #24

I am not calling for a flat tax edhopper Dec 2013 #26

What - And Ruin The Sweet Deal That The 1% Has Arranged For Themselves cantbeserious Dec 2013 #16

K&R abelenkpe Dec 2013 #19

I'm going to guess that if we taxed all income SheilaT Dec 2013 #20

Be careful of what you wish for bbgrunt Dec 2013 #22

I am not calling for edhopper Dec 2013 #28

you are correct to hope that bbgrunt Dec 2013 #65

As a start... Jeff In Milwaukee Dec 2013 #55

haha--free rhubarb and Vergara for all. bbgrunt Dec 2013 #64

I don't have enough rhubarb to go around... Jeff In Milwaukee Dec 2013 #67

Wages are mostly easy to track. Other income isn't. Recursion Dec 2013 #23

I think there's some merit to this el_bryanto Dec 2013 #27

Which has been shown by edhopper Dec 2013 #31

In prinicple, I agree with the strategic goals of the OP. Laelth Dec 2013 #32

86TRA IIRC, IT altered the domestic investment field forever. FogerRox Dec 2013 #74

Don't stop there! Puzzledtraveller Dec 2013 #39

I notice people are trying to confuse the issue n2doc Dec 2013 #43

Thank you. edhopper Dec 2013 #48

Yes! hedgehog Dec 2013 #54

You only have to look at historical tax rates to see why things are so screwed up now indie9197 Dec 2013 #56

Democrats (not investment bankers) have to keep hammering at this, closeupready Dec 2013 #57

So do you think edhopper Dec 2013 #59

No; it has to be something jingo-istic, like - to use an example, closeupready Dec 2013 #60

Give it a go. BKH70041 Dec 2013 #68

Because savings are simply already-taxed income. Way to mess up the Middle-Class even more, OP! WinkyDink Dec 2013 #78

What are you talking about? edhopper Dec 2013 #80