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Warren Stupidity

(48,181 posts)

11. well I completely agree that flat tax schemes are bullshit.

Reply to badtoworse (Reply #9)

Wed May 23, 2012, 11:10 AM

May 2012

but I have no problem at all with taxing capital gains at the same rate as earned income. Of course you should also be able to deduct any losses with no cap. And income averaging should be resurrected, along with a lot more brackets and a much higher top marginal tax rate. The system we had circa 1980 was actually pretty damn fair. And then we got 30 years of bullshitty neolib plundering.

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Let's say we combine income and capital gains... [View all] cthulu2016 May 2012 OP

actually it would sorta piss me off too hfojvt May 2012 #1

I don't think people making $80K and $80 million should pay the same tax rate. pnwmom May 2012 #2

It might have some issues. limpyhobbler May 2012 #3

I guess if you wipe out all benefits to individuals that would work. dkf May 2012 #4

What is the fascination with a flat tax rate? Warren Stupidity May 2012 #5

I don't care what Y is. Your idea sucks. badtoworse May 2012 #6

well no, the government would only take half of Warren Stupidity May 2012 #7

I'm well aware that the 50% would apply only to marginal income. badtoworse May 2012 #9

well I completely agree that flat tax schemes are bullshit. Warren Stupidity May 2012 #11

LOL. Like one DUer told me: "It's bigotry--against the RICH!". nt Romulox May 2012 #8

From those to whom much is given, much is asked in return. bemildred May 2012 #10

isn't there a way to define the difference between income and wages? Volaris May 2012 #12

And we could win the presidency and most congressional seats without the vote of a single taxpayer Egalitariat May 2012 #13