Taxing the rich - what is the cutoff?

[That Guy]

Originally Posted by saden1

It's about being able to put food on the table and having enough to live.

BTW someone making 250K a year makes ~14K a month after taxes (without deduction) in Virginia. Are we subscribing to the Sprewell mantra here?

wtf are you talking about? i said someone making 25k a year needs the 15% that a flat tax would charge them to live on, since 25k/year is dick money. I don't see what's so sprewell about someone who'd make $1770/month w/ rent or a condo mortgage running $1100 in NoVa needing the 15% extra that a flat tax would take from him.

please read my posts more carefully :P it's not like this is the first or fourth time.

[saden1]

Originally Posted by That Guy

wtf are you talking about? i said someone making 25k a year needs the 15% that a flat tax would charge them to live on, since 25k/year is dick money. I don't see what's so sprewell about someone who'd make $1770/month w/ rent or a condo mortgage running $1100 in NoVa needing the 15% extra that a flat tax would take from him.

please read my posts more carefully :P it's not like this is the first or fourth time.

Don't have a cow man, I'm not trying to antagonize you, I'm merely elaborating on what you wrote.

The Sprewell reference is in regards to 250K possibly not being enough.

[That Guy]

Originally Posted by saden1

Don't have a cow man, I'm not trying to antagonize you, I'm merely elaborating on what you wrote.

The Sprewell reference is in regards to 250K possibly not being enough.

k, it sounded like you were mis-interpreting what i had written though, and where referencing sprewell to the unfairness of flat taxes for those of low income, which, of course, makes no sense.

250k per household in NoVA would make up too high a percentage to call it rich. two gov/dod contractors in one house can easily hit that mark. at 500k you're either getting stock options, or own a pretty decent business, or have acquired enough cash to live off investing...

it's not that 250k isn't enough to live on, it's just not exactly rich compared to the median income and cost of living near major cities, though it is towards the higher end.

[firstdown]

Originally Posted by That Guy

wtf are you talking about? i said someone making 25k a year needs the 15% that a flat tax would charge them to live on, since 25k/year is dick money. I don't see what's so sprewell about someone who'd make $1770/month w/ rent or a condo mortgage running $1100 in NoVa needing the 15% extra that a flat tax would take from him.

please read my posts more carefully :P it's not like this is the first or fourth time.

Under the flat tax plain lower income families would receive a tax credit so low income families would still not pay taxes under the flat tax plan. Some would even receive more credit back then they paid in taxes.

[saden1]

Originally Posted by firstdown

Under the flat tax plain lower income families would receive a tax credit so low income families would still not pay taxes under the flat tax plan. Some would even receive more credit back then they paid in taxes.

Isn't this just another form of taxing the rich to pay for poor people services? Receive money back? You mean like EIC where these bums get money back even though they didn't pay any taxes?