Posted by bad_luck on 6/11/2014 4:21:00 PM (view original):
Posted by tecwrg on 6/11/2014 3:52:00 PM (view original):
Posted by bad_luck on 6/11/2014 3:37:00 PM (view original):
Posted by tecwrg on 6/11/2014 3:18:00 PM (view original):
"It's exactly the same as your plan."
Using a different framework to get to the same result does not make it "exactly the same".
It's labeled differently but it's structured exactly the same. All income below 75k isn't taxed. All income above 75k is taxed at 60%.
So some people pay a higher rate than people who make less. The exact definition of a progressive tax.
Do you understand what a framework is?
Never mind. It's clear that you don't.
Maybe I don't understand.
Is there any practical difference between:
People that make less than $75k are exempt from paying taxes. All dollars earned over $75k are taxed at 60%.
and
People that make less than $75K pay a 0% tax rate. All dollars earned over $75k are taxed at 60%.
?
If there is, then I clearly don't understand.
Didn't you say this:
What is unfair about the current system?
A progressive tax rate. The more you make, the higher rate you pay.
Under this plan, someone making $60,000 a year pays no taxes (or 0%). Someone making more ($90,000, for example), pays a higher rate. The more you make, the higher rate you pay. It looks like your own plan doesn't measure up to your definition of "fair."
My plan has only one tax rate, that's applied to everybody, rich or poor, after a standard income exemption (which is also applied to everybody, rich or poor) is met.
It's one rule, one rate, applied consistently. To everybody.
It's so obvious that's what it is, you have to be an idiot to argue that it's something else.