Proposed: flat tax on gross household income above $150K. Tax rate must cover govt expenditures + debt service + 5% of natl debt. Discuss.
Aug 23, 2012 · 12:48 PM UTC
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@innismir We can haggle about where to draw the line. Suspect it doesn't make much difference to revenue, but a big diff for middle class.
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@codeslack Agree no deductions. Income is income, whether dividends or what have you. Suspect graduated low end makes little revenue diff.
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@codeslack Corps want to be treated as citizens, they can be taxed accordingly.
@codeslack @PhilHagen Ok, I'm willing to solve the corp influence problem outside of the tax code.
@codeslack @PhilHagen But perhaps we should change "income" to "compensation" to avoid sheltered exec privs like corp jets and the like.
@codeslack What about including corp income >$150mil in tax rate? Solves the "small business" problem, puts a brake on "too big to fail".
@codeslack @hal_pomeranz or the government to create new ways to make an organization or industry too big to fail
@codeslack @hal_pomeranz with out debating the merits of AHA the individual mandate that requires the purchase of health ins. Has now made