What should taxes be?

Page 4 of 4<1234
Poll
1 vote (11.11%)
No votes (0%)
4 votes (44.44%)
3 votes (33.33%)
No votes (0%)
1 vote (11.11%)
No votes (0%)
No votes (0%)

9 members have voted

November 9th, 2017 at 9:51:55 AM permalink
AZDuffman
Member since: Oct 24, 2012
Threads: 124
Posts: 11544
Quote: Dalex64
Everyone paying the same amount would be more fair.

With a 2017 budget of about 4 trillion dollars, divided by the population of the united states of 300M, would be about $13000 for each man, woman, and child.
For a family of 4, that would be $52,000.

Factoring in the utility of the money (how important is $10 to this person vs another) is more fair.


I guess I am paying pretty close to fair then. The utility of money thing is subjective. I still say abolish income taxes and make it 100% fees, sales, and excise taxes.
The man who damns money has obtained it dishonorably; the man who respects it has earned it
November 9th, 2017 at 10:07:21 AM permalink
petroglyph
Member since: Aug 3, 2014
Threads: 22
Posts: 4649
Doesn't the death tax go state by state?

A friend of mine was just doing the duties of executor of his fathers estate. The deceased had set it up with trusts and whatever else in Oregon. The amount was well over a million dollars, maybe two? And there were zero estate taxes paid or owed.

I do believe that if a person is willing to use the tax code to their advantage well enough, a person can live pretty tax free. I've seen it done, and when I was "willing to play the game', lived pretty tax free myself. It takes a business, and good records, but the rules that will allow a person [PITA] to live a deduction style life, is written in the tax code. The rules the uber wealthy, have had placed in the code for their benefit, can also be used by those with lesser means.

That is the upside to taking something you love, and making a business from it.
Everyone gets thrown from the plane to maintain altitude
November 9th, 2017 at 1:13:28 PM permalink
Dalex64
Member since: Mar 8, 2014
Threads: 3
Posts: 3149
Quote: AZDuffman
I guess I am paying pretty close to fair then. The utility of money thing is subjective. I still say abolish income taxes and make it 100% fees, sales, and excise taxes.


The median household income in the united states is about $59,000

The average household size is 2.53

2.53 x 13,000 = 32,890, out of 59,000 would be a tax rate of 55.7%, federal tax only, a percentage which goes up for those making less than the median family household income.

Obviously that kind of "fair" would be impossible for most people, especially considering households of 4 or more. (52,000 in federal tax)

As for the utility of money being subjective, of course it is, and each dollar is more important the less you make.

going 100% to a consumption-based tax also disproportionately hurts those who make less by taking a larger percentage of their income. you would in effect be creating a reverse-progressive system, where based on minimum living expenses, the poor would be contributing an enormous percentage of their income on taxes.

I do believe there should be consumption taxes, though. I think sources of government income need to stay diversified.

So yeah, for me, the utility of money should be the largest consideration when making a tax policy.
"Everyone is entitled to his own opinion, but not to his own facts." Daniel Patrick Moynihan
November 9th, 2017 at 1:25:33 PM permalink
kenarman
Member since: Oct 24, 2012
Threads: 11
Posts: 1799
Quote: rxwine
Might as well, since you didn't source your statements with anything but possible anecdotal poppycock, as far as I can tell.


Since you asked here is a good article on teachers salaries from the Atlantic which includes biased work from both sides including your radical left source.

Teacher Salaries Studies

You really need to stop reading only the sites that feed your need for confirmation bias.
"but if you make yourselves sheep, the wolves will eat you." Benjamin Franklin
November 9th, 2017 at 6:42:42 PM permalink
Evenbob
Member since: Oct 24, 2012
Threads: 135
Posts: 20011
Quote: kenarman
Since you asked here is a good article on teachers salaries from the Atlantic which includes biased work from both sides including your radical left source.Teacher Salaries Studies
You really need to stop reading only the sites that feed your need for confirmation bias.


Teachers were making $34 an hour in 2005 for
a 10 month year? I bet it's over $50 an hour
now. And they only make 60% of what their
EU counterparts make. Add in the benefits
and they ain't exactly starving.
If you take a risk, you may lose. If you never take a risk, you will always lose.
November 9th, 2017 at 7:36:37 PM permalink
rxwine
Member since: Oct 24, 2012
Threads: 141
Posts: 8934
BLS says teachers (high school) medium income is 58,030 per year. At best that's $40 pre taxes, and that's assuming not an minute over 40 hour work week and subtracting 3 months for summer. That's for 2016.

https://www.bls.gov/ooh/education-training-and-library/high-school-teachers.htm
Vote smart and honest, not Trump the poll butt plug
November 10th, 2017 at 7:43:27 AM permalink
JimRockford
Member since: Sep 18, 2015
Threads: 2
Posts: 547
Quote: SOOPOO
At the 10,000,000 figure I picked they are pretty similar, but I guess use marginal.

First, I like this thread. It's the right way to frame the issue. I get the feeling that liberals will always want to raise taxes on the rich and will never ask what is a reasonable top tax rate.

Top earners are currently paying an effective rate of about 27% (including only income tax and FICA). It's a subjective opinion, but I don't find it excessive. If your state piles on, there's nothing I can do about that.
The mind hungers for that on which it feeds.
Page 4 of 4<1234