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Old Sep 27, 2005 | 10:30 AM
  #191  
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Here are a couple of questions for thought:

It seems we pretty much agree that taxes on the poorest are very burdensome. So, why not eliminate any tax on the first $20K or so of earnings?

But, is it equitable for some individuals to pay no taxes at all?
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Old Sep 27, 2005 | 10:33 AM
  #192  
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What we really need is a millionaire tax..A higher MUCH higher bracket for the filthy Reich (oops I mean rich) ..yeah like thats going to happen anytime soon!
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Old Sep 27, 2005 | 10:33 AM
  #193  
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Originally Posted by S2020,Sep 27 2005, 11:00 AM
commentary is biased. 60% is a number - can't be biased.
Well... a number can't be biased but it can be interpreted with a bias. It can also be wrong. Here's the 2005 income tax rates for France. High but none as high as 60% and the aggregate would be much lower than 43%


[CODE]Income Bracket
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Old Sep 27, 2005 | 10:34 AM
  #194  
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Originally Posted by jedwards,Sep 27 2005, 09:20 AM
I don't know where this idea of "I'm getting taxed so I'm not going to work" comes from.

If you're taxed you are going to still get some of your dough. Ninh if you were taxed at 75% of your income for Nov and Dec you'd still work since you need to keep your practice going. Same goes for the CEO or the Lawyer or even the rising Executive. All have to keep their business going and stay in the center of the hubbub. THAT is the American culture.
actually, if I were to be taxed at 75% then I would say f*ck that to all the headaches of owning a practice and go work for Kaiser. 40hr/wk for $150K/year with benefits. I doubt alot of small biz owners would go through all this trouble. at least if I own my own biz, I would not be working 6-7days a week.
I put up with all this headaches b/c, among other things, one day I hope to make alot of money.
patient care is the same in both places.
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Old Sep 27, 2005 | 10:34 AM
  #195  
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If it's a low enough rate with a decent standard deduction, it's probably ok. If 33% of the population was exempt from taxes, the right-wingers would scream of class-warfare and probably drum up support to change that rather quickly...
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Old Sep 27, 2005 | 10:39 AM
  #196  
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Intersting find... So the argument that higher taxes would make us lazy and lower taxes make us productive. Well of course we aren't saying raise taxes (especially to 60% ) but check this out...




So this could explain why corporations in the US, Germany and Japan are so much less efficient than those of the UK and France. :tongue in cheek:

Source:
http://www.mof.go.jp/english/zei/report2/zc001d02.htm
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Old Sep 27, 2005 | 10:42 AM
  #197  
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Originally Posted by jedwards,Sep 27 2005, 10:39 AM
Intersting find... So the argument that higher taxes would make us lazy and lower taxes make us productive. Well of course we aren't saying raise taxes (especially to 60% ) but check this out...
as an engineer, you know that everything is scaled.
Lazy and productive is black and white.
I'd like to rephrase: higher tax would make us MORE lazy...
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Old Sep 27, 2005 | 10:44 AM
  #198  
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[QUOTE=jedwards,Sep 27 2005, 10:33 AM] Well... a number can't be biased but it can be interpreted with a bias. It can also be wrong. Here's the 2005 income tax rates for France. High but none as high as 60% and the aggregate would be much lower than 43%


[CODE]Income Bracket
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Old Sep 27, 2005 | 10:45 AM
  #199  
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Address the incongruity then... Japan, US and German corporations all pay more than UK and French... so?
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Old Sep 27, 2005 | 10:48 AM
  #200  
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I just find hard to believe that some of you are more in favor in paying more taxes.

The best solution is a national sales tax, and no income tax.
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