RE: [DMCForum] Re: THE US TAX SYSTEM IS A FLAT TAX NOT A PROGRESSIVE TAX SYSTEM

["timnagin" <timnagin@xxxxxxxxxxxxxx>]

You are still penalizing the rich, and even more so, the ones who weren't
handed money when they grew up and actually went out and took risks and
built their wealth on their own.

Let me offer you this if you never have before, try starting your own
business, whatever that may be.  I will bet your entire view of the world
will change.

Greg


-----Original Message-----
From: Flavia [mailto:frvianna@xxxxxxxxx]
Sent: Monday, October 25, 2004 12:15 AM
To: DMCForum@xxxxxxxxxxxxxxx
Subject: [DMCForum] Re: THE US TAX SYSTEM IS A FLAT TAX NOT A
PROGRESSIVE TAX SYSTEM




I wouldn't say penalized. The bottomline is: what will be funded with
the tax money? MOst countries are constantly in deficit, sometimes
for good reasons, sometimes for an endless war, too bad... So if it
is necessary to get more tax money, the increase should be levied to
those who have a lot and, despite the tax raise, they can still live
an expensive life. The amount that low income individuals pay should
be somewhat equivalent to what the rich pay.
And we all know that the more you have money the less tax you pay.
That will never change, but there are ways to try minimize that, as
utopic as they may seem.

--- In DMCForum@xxxxxxxxxxxxxxx, "timnagin" <timnagin@xxxx> wrote:
> I would bet that if you made that kind of money you would be
lobbying to
> keep more of it for yourself.  Inasmuch as people with lower incomes
> shouldn't be penalized for their income/marital/kids status, why
should
> someone be penalized because they made a lot of money?
>
> Greg
>
>
>
>
> -----Original Message-----
> From: Flavia [mailto:frvianna@xxxx]
> Sent: Sunday, October 24, 2004 11:20 PM
> To: DMCForum@xxxxxxxxxxxxxxx
> Subject: [DMCForum] Re: THE US TAX SYSTEM IS A FLAT TAX NOT A
> PROGRESSIVE TAX SYSTEM
>
>
>
>
> Yep, you are right. If you made a million dollars and paid 40% of
> taxes, you still have 600,000 in your pocket :) as opposed to
someone
> who made 100,000 and paid the same 40% that taxpayer will have
> 60,000. Now who has a more comfortable life?
> Of course that it will never be 40% of the income bc of the
> deductions, as noted, but I don't quite agree with getting rid of
the
> deductions. Instead I think there should be some kind of extra
> payment for huge fortunes, sort of like the minimum amount that is
> paid according to the tax braket plus a percentage over the excess
> of... that percentage should be incread for those who make more than
> 1 million, for example.
>
> Flavia, poor student who needs the deductions on tuition payment :)
>
> --- In DMCForum@xxxxxxxxxxxxxxx, Marc Levy <malevy_nj@xxxx> wrote:
> > We do not have a flat tax because of all of the
> > deductions.
> >
> > Wealthy people have more tax shelters.. more ability
> > to make deductions.  I would guess that wealthy people
> > pay a lower percentage of their income in taxes than a
> > low income person... even if we ignore all of those
> > limits you talked about.
> >
> > Get rid of all the deductions, set a tax rate, and
> > everyone pay it.

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