Quote:
Originally Posted by Zoomschwortz
Instead of giving away money we don't have, how about across the board the first $100,000 you earn is tax free and a flat tax of 30% or 40% for every dollar earned above that, period, no deductions, no nothing.
The bottom 50% of tax payers pay such a small amount of the total taxes collected that it wouldn't make much difference in what is collected, yet would make a very big difference in what the people could put back into the economy.
We wouldn't be throwing good money after bad (over and over again) and won't be funding special interest groups and social programs by putting this country (and our children) into a deeper dept.
Let the people who work and the businesses who put people to work keep more of the money that they have earned instead of putting a greater tax burden on us. If is done, the country will recover at far faster rate than if we let the government spend money we don't have, on new never ending social programs that only increase our dependance on the government. When we come to depend on the government for everything, we won't be any different than the citizens communist Russia.
Take care.
Ken
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We shouldn't worry about haw best for the government to get the most money it can from the wealth creators but how best to create more wealth to collect from. Everybody should pay something or they don't have a stake in the system. If more than half the people don't pay anything then they only need to use their majority to take more from the people who do have to pay. We are at that point now, it goes downhill from here.