Bobbydadude01

Bobbydadude01 t1_ivzutpd wrote

>Look at the history of taxation. The state and feds always want more of our money.

There have been tax cuts before.

>Meanwhile we get very little results with a bloated government payroll.

What specifically on the payroll bothers you. Goverment workers are paid less then private sector workers.

>Also look at New York and New Jersey, a lot of the very large income earners left the state. Many moved their headquarters. If you don’t think this will be an unintended consequence in this state, then you are delusional.

Yet they still have strong economies. New York is still the financial center of the US.

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Bobbydadude01 t1_ivzk1pu wrote

Let's say the tax rate is flat nationwide. This puts extreme pressure on the lower class since each dollar is worth more to them as they have less of it.

This tax isn't going to ruin any millionairs way of life. There going to make less money but they will still be able to lead a lavish lifestyle. But if this tax was levied on everyone then it would harm people making min wage alot. When your living paycheck to paycheck any increased cost can be the tipping point.

The federal individual tax revenue was 2.04 trillion. That means if the tax burden was evenly split between all taxpayers it would be a little under 14,000 dollars. That's almost more then minimum wage workers make a year. That's why we use a progressive tax system.

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Bobbydadude01 t1_ivzi52l wrote

Money is worth more to people with less of it. Rich people benefit greatly from society existing. They have the means support it's continued existence. You are never punished for making more money in terms of taxes.

If the tax rate was "fair" as you put it then it would put massive strain on our lower class.

I know this concept is hard to wrap your head around but you will get it eventually.

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