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Business, Economics & Tax Policy 7: Workers of the world unite!

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  • Originally posted by St. Clown View Post
    You'd see an increase in purchase prices of just over 1%, on average.
    Fine. And if someone can compete they’d lower prices. And with first 100k exempt from income so want? Big ticket items would pay more tax than fruit loops.

    Give and take regardless of where you dig
    a legend and an out of work bum look a lot alike, daddy.

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    • Re: Business, Economics & Tax Policy 7: Workers of the world unite!

      Originally posted by mookie1995 View Post
      How about if there is no “income tax” on corporations? But a revenue tax? 1 or 2%? Pick a number.
      State income taxes or the federal corp tax? For state taxes I assume Amazon will just claim most of the revenue is earned out of state, thus making it necessary that every state follows suit and institutes a similar tax.
      Legally drunk???? If its "legal", what's the ------- problem?!? - George Carlin

      Ever notice how everybody who drives slower than you is an idiot, and everybody who drives faster is a maniac? - George Carlin

      "I've never seen so much reason and bullsh*t contained in ONE MAN."

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      • Re: Business, Economics & Tax Policy 7: Workers of the world unite!

        Originally posted by mookie1995 View Post
        How about if there is no “income tax” on corporations? But a revenue tax? 1 or 2%? Pick a number.
        If you want me to design the system from scratch it's entirely on personal income and wealth. Get rid of everything else:

        sales tax
        corporate tax
        excise tax

        Exempt the bottom 50% of the population from all taxation. Then start progressively taxing income from 20% up to 95% and wealth from 1% up to 10%. No exemptions no deductions.

        Or... to be an American citizen then all your wealth is patriated as American assets. Zero offshore holdings. Otherwise you're a financial illegal alien and your brats will sleep in a WalMart child prison.

        Also: everything a company extends you is income: your insurance, your options, your company car, your jet, your business dinner, your Knicks tickets.
        Cornell University
        National Champion 1967, 1970
        ECAC Champion 1967, 1968, 1969, 1970, 1973, 1980, 1986, 1996, 1997, 2003, 2005, 2010
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        • Originally posted by Rover View Post
          State income taxes or the federal corp tax? For state taxes I assume Amazon will just claim most of the revenue is earned out of state, thus making it necessary that every state follows suit and institutes a similar tax.
          There are receipts. Electronic recognition.
          a legend and an out of work bum look a lot alike, daddy.

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          • Re: Business, Economics & Tax Policy 7: Workers of the world unite!

            Originally posted by mookie1995 View Post
            Fine. And if someone can compete they’d lower prices. And with first 100k exempt from income so want? Big ticket items would pay more tax than fruit loops.

            Give and take regardless of where you dig
            Well, the poorest people filing taxes don't pay much, some receiving net tax subsidies. Taxing revenues is essentially a sales tax under a different name. So while you're not directly taxing the poor at a higher rate than before, you're lessening their purchasing power - making life even tougher for them.
            "The party told you to reject the evidence of your eyes and ears. It was their final, most essential command." George Orwell, 1984

            "One does not simply walk into Mordor. Its Black Gates are guarded by more than just Orcs. There is evil there that does not sleep, and the Great Eye is ever watchful. It is a barren wasteland, riddled with fire and ash and dust, the very air you breathe is a poisonous fume." Boromir

            "Good news! We have a delivery." Professor Farnsworth

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            • Re: Business, Economics & Tax Policy 7: Workers of the world unite!

              Originally posted by mookie1995 View Post
              Gotta get funds to pay for stuff, dopey
              Really? That's not what I keep hearing.
              What kind of cheese are you planning to put on top?

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              • Originally posted by Kepler View Post
                If you want me to design the system from scratch it's entirely on personal income and wealth. Get rid of everything else:

                sales tax
                corporate tax
                excise tax

                Exempt the bottom 50% of the population from all taxation. Then start progressively taxing income from 20% up to 95% and wealth from 1% up to 10%. No exemptions no deductions.

                Or... to be an American citizen then all your wealth is patriated as American assets. Zero offshore holdings. Otherwise you're a financial illegal alien and your brats will sleep in a WalMart child prison.

                Also: everything a company extends you is income: your insurance, your options, your company car, your jet, your business dinner, your Knicks tickets.
                Mookie thinks all income is income. Shouldn’t be 50% are winners and 50% are losers. There is a number out there where your cross from exempt into taxable. Again 90k for family income isn’t even middle class.

                Jared and Ivanka should be hitting a high bracket on their 82mm
                a legend and an out of work bum look a lot alike, daddy.

                Comment


                • Re: Business, Economics & Tax Policy 7: Workers of the world unite!

                  Originally posted by mookie1995 View Post
                  Mookie thinks all income is income. Shouldn’t be 50% are winners and 50% are losers. There is a number out there where your cross from exempt into taxable. Again 90k for family income isn’t even middle class.

                  Jared and Ivanka should be hitting a high bracket on their 82mm
                  Then call it a single exemption up to the median income, and the median wealth, respectively.
                  Cornell University
                  National Champion 1967, 1970
                  ECAC Champion 1967, 1968, 1969, 1970, 1973, 1980, 1986, 1996, 1997, 2003, 2005, 2010
                  Ivy League Champion 1966, 1967, 1968, 1969, 1970, 1971, 1972, 1973, 1977, 1978, 1983, 1984, 1985, 1996, 1997, 2002, 2003, 2004, 2005, 2012, 2014, 2018, 2019, 2020

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                  • Originally posted by St. Clown View Post
                    Well, the poorest people filing taxes don't pay much, some receiving net tax subsidies. Taxing revenues is essentially a sales tax under a different name. So while you're not directly taxing the poor at a higher rate than before, you're lessening their purchasing power - making life even tougher for them.
                    What is US gdp?

                    At some point all citizens are responsible for what is provided to them. If you pay a couple points on purchase and nothing else, good for you.
                    a legend and an out of work bum look a lot alike, daddy.

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                    • Originally posted by Kepler View Post
                      Then call it a single exemption up to the median income, and the median wealth, respectively.
                      It again, middle class is how big? 30-70%?

                      Half your middle class pays and half doesn’t?
                      a legend and an out of work bum look a lot alike, daddy.

                      Comment


                      • Re: Business, Economics & Tax Policy 7: Workers of the world unite!

                        Originally posted by mookie1995 View Post
                        What is US gdp?

                        At some point all citizens are responsible for what is provided to them. If you pay a couple points on purchase and nothing else, good for you.
                        $18.62 trillion in 2016. As always with economics, final numbers are lagged a few years before reporting.

                        I'm not fully against a small pittance coming from everyone; it's good for the electorate to all have some skin in the game when it comes to government's financial doings. That said, the 1% federal sales tax is only enough to cover about 33% of the federal budget. You can't cut much else for taxes if your aim is to eliminate the deficit.
                        "The party told you to reject the evidence of your eyes and ears. It was their final, most essential command." George Orwell, 1984

                        "One does not simply walk into Mordor. Its Black Gates are guarded by more than just Orcs. There is evil there that does not sleep, and the Great Eye is ever watchful. It is a barren wasteland, riddled with fire and ash and dust, the very air you breathe is a poisonous fume." Boromir

                        "Good news! We have a delivery." Professor Farnsworth

                        Comment


                        • Originally posted by St. Clown View Post
                          $18.62 trillion in 2016. As always with economics, final numbers are lagged a few years before reporting.

                          I'm not fully against a small pittance coming from everyone; it's good for the electorate to all have some skin in the game when it comes to government's financial doings. That said, the 1% federal sales tax is only enough to cover about 33% of the federal budget. You can't cut much else for taxes if your aim is to eliminate the deficit.
                          Property tax covers defense and homeland and transportation etc

                          User fees like a turnpike

                          Work with mookie
                          a legend and an out of work bum look a lot alike, daddy.

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                          • Re: Business, Economics & Tax Policy 7: Workers of the world unite!

                            Originally posted by mookie1995 View Post
                            It again, middle class is how big? 30-70%?

                            Half your middle class pays and half doesn’t?
                            You sold me.

                            Only tax the top third.
                            Cornell University
                            National Champion 1967, 1970
                            ECAC Champion 1967, 1968, 1969, 1970, 1973, 1980, 1986, 1996, 1997, 2003, 2005, 2010
                            Ivy League Champion 1966, 1967, 1968, 1969, 1970, 1971, 1972, 1973, 1977, 1978, 1983, 1984, 1985, 1996, 1997, 2002, 2003, 2004, 2005, 2012, 2014, 2018, 2019, 2020

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                            • Originally posted by Kepler View Post
                              You sold me.

                              Only tax the top third.
                              Has to be a set #

                              Mookie hears “why would people work extra hard if it was gonna be taxed.

                              Let’s put it to the test. Let people tell their boss they don’t want a raise over 100k cause they only keep 0.60 on the dollar
                              a legend and an out of work bum look a lot alike, daddy.

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                              • Re: Business, Economics & Tax Policy 7: Workers of the world unite!

                                Originally posted by mookie1995 View Post
                                Has to be a set #
                                Based on prior year's income and wealth figures.

                                Make all income and wealth figures public information. Obscurity is a tool used to protect the 1%. Let the sunshine in.
                                Last edited by Kepler; 06-15-2018, 12:37 PM.
                                Cornell University
                                National Champion 1967, 1970
                                ECAC Champion 1967, 1968, 1969, 1970, 1973, 1980, 1986, 1996, 1997, 2003, 2005, 2010
                                Ivy League Champion 1966, 1967, 1968, 1969, 1970, 1971, 1972, 1973, 1977, 1978, 1983, 1984, 1985, 1996, 1997, 2002, 2003, 2004, 2005, 2012, 2014, 2018, 2019, 2020

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