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Volaris

(11,572 posts)

12. isn't there a way to define the difference between income and wages?

Reply to cthulu2016 (Original post)

Wed May 23, 2012, 02:12 PM

May 2012

Wages being money earned in exchange for a person's labor, and income being money earned form things like business ownership/investment, inheritance, lottery/casino winnings, etc.?
and NOT tax wages until a certain threshold is reached (say $100,000/per year) and let business owners and CEO's pay themselves a WAGE at whatever the want, but AFTER the threshold is reached, we tax it on a PROGRESSIVE scale, so that the those who make out like bandits and are actually BILLIONAIRES pay a top tax rate of like, 75-80%, but if you are only making 10,000/year over the threshold, it's taxed at like 15%...

Just asking, I haven't had an Econ. class yet....

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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