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#14 |
Living Legend
Join Date: Aug 2008
Age: 57
Posts: 21,202
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Re: Winning
I think taxes should be based on living standards.
If a minimum for a safe living income is $30K per year then people making : 2 years or less would not pay taxes. (up to 60K = 0 tax) 2 to 4 years would pay 1/2 year tax (60-120K = 15k tax) 4-6 years to years would pay 1 year equivalent 6-8 yrs - 2yrs 8-10yrs - 3 over 10yrs add one per every 2 years. over 100 one for 1 up to 75 yearvalues No more calculations/deductions, and the cost of living is set by an independent group that uses set cost markers - like food, oil rent, and healthcare. Additional markers for regional differences so it is fair across all spectrums of the US. I would do everything possible to insulate that group from political pressure The point of making it valued by the cost of living is it keeps income tax relative to what someone really needs to survive. Hard to bitch about a 70yearvalue tax rate when the fact is you are still keeping enough per year to live 30 years on what the cost of living is. I also would do away with filing type. Every person would be subject to the same rates. If a husband earns 4x and a wife earns 3x they would each be taxed accordingly |
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