Quote:
Originally Posted by sdskinsfan2001
I remember back in my day we didn't have an income tax. Now we talk about 70% not being too bad.
I personally want a flat tax with no taxes on the 1st 25K for individuals and 50K for joint filers, give or take a few 1000 either way. Everyone pays the exact same after that. Business tax should be flat too. I'd be ok with national sales tax too.
Voting to take more of someone else's money or to put more in your pocket is not the America I want to live in. Tax code now creates so much division. I don't want to live with subsidies, tax loopholes, etc., either. That's just me tho.
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Do you understand what a marginal tax is? It's not 70% of your income. It's 70% of your income after you reach the 10 million threshold in a single year, and even then that first 10 million isn't touched at 70%. It's also a big reason why America prospered after WW2.