Thread: I got an idea...

The top individual tax rate should be no higher than the approval rating that Congress enjoys! Right now, that's roughly 12 to 13 percent.
Whattaya say?

I say the tax rate should reflect the percentage of rich people, people making over 750,000 per year.

Let them pick up the slack.

Originally Posted by singlewedge

I say the tax rate should reflect the percentage of rich people, people making over 750,000 per year.

Let them pick up the slack.

They already do.

Huh?

I was saying that if 10% of the pop makes more than 750k. Then that is all we should have to pay. 10%

Personally I would go as high as 1 million then the percentage would be less.

I just do not have enough data on this to accurately say which way it should go.

At the risk of being somewhat serious about this, how do those proposed rates correlate with what it actually costs to run the government and not plunge us even further into debt? Reducing the tax rate down to 10% sounds great, but if that was ever actually enacted, we'd decimate the military, our national defense, our infrastructure, army corps of engineers, etc.

I have a simpler idea, how about raise the tax exempt minimum income from where it is now, a.k.a. "the poverty level" to the level of either a single person's reasonable living wage or a family wage for married folks?

Let's say that $50k per year is the average living wage for a family, if you are filing as a married couple and you make less than that, then you don't pay taxes.


FYI, I say this as a single guy making about $40k, which is well above the average cost of living for a single guy in my area.

Originally Posted by billyjeff2

At the risk of being somewhat serious about this

party pooper!