Bobbydadude01
Bobbydadude01 t1_ivzuljd wrote
Reply to comment by Intrepid_Priority154 in Can someone explain question 1 by [deleted]
That section was explaining the problem with raw tax values. It's an idea that libertarians love for some reason.
My point remains the same.
Bobbydadude01 t1_ivzpi6f wrote
Reply to comment by Intrepid_Priority154 in Can someone explain question 1 by [deleted]
Point it out or don't bother leaving a comment
Bobbydadude01 t1_ivznuah wrote
Reply to comment by Intrepid_Priority154 in Can someone explain question 1 by [deleted]
Individual federal income tax / number of taxpayers.
That would be how much everyone would need to pay to raise the same revenue we do now if we did it "fairly".
Bobbydadude01 t1_ivzk1pu wrote
Reply to comment by Intrepid_Priority154 in Can someone explain question 1 by [deleted]
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.
Bobbydadude01 t1_ivzi9mu wrote
Reply to comment by slaincha3 in Can someone explain question 1 by [deleted]
Conspiracy theories are so cool aren't they? Don't need to provide evidence. Can make any claim you want. Truly encapsulates the current political climate.
Bobbydadude01 t1_ivzi52l wrote
Reply to comment by Hobbyprinterguy in Can someone explain question 1 by [deleted]
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.
Bobbydadude01 t1_ivzhhdp wrote
Reply to comment by Intrepid_Priority154 in Can someone explain question 1 by [deleted]
Learn what equity is
Bobbydadude01 t1_ivzhefr wrote
Reply to comment by bigredthesnorer in Can someone explain question 1 by [deleted]
Your tax is reduced due to the refunds.
Bobbydadude01 t1_ivqdmz8 wrote
Reply to comment by Banea-Vaedr in Voters reject Question 3 and opt to keep rules for alcohol sellers the same by markurl
Yeah man I love my local liquor store. Really brings the community together :/
Bobbydadude01 t1_ivzutpd wrote
Reply to comment by slaincha3 in Can someone explain question 1 by [deleted]
>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.