Your situation is atypical. The vast majority of people get their health insurance through their employer and most pay for a portion of it. I have a hard time believing middle class tax payers would see increases of $4-5k after taking into account (deducting) what they pay for healthcare today. Especially considering significant cost controls could be introduced with a single payer or hybrid system.
It's really hard to grow a small company with the corporate tax rate. I actually have to take money as salary/bonus out of the company that I don't really need in order to limit double taxation. At 50K retained earnings it starts at 15%, at 75K it goes to 25% and at 100K it goes to 34%. No way I'm leaving more than 75K retained earnings.
That's a result of a ty corporate tax structure which has evolved over time with a load of special interest loopholes. I'm all for simplifying the tax code (corporate and personal) the difficult thing is eliminating the loopholes.
The system makes it really hard to borrow money to start a business. lets say you borrow $500,000 due in 5 years. Not even counting interest you have to pay taxes on earnings BEFORE you can pay principal...so with our tax code you have to make $700,000 just to pay off the money you borrowed before you can make a dime personally.
I pay income tax, both federal and state.
I have had no problem or issue with paying a higher tax rate as I've increased my income and could easily afford more. I'd be happy to pay more for better teachers, infrastructure, law enforcement, and social safety net.
A better way to ask is what percentage of their salary do they actually pay in federal income tax. I asked that once years ago and I think only you and Drachen were willing to answer. The biggest "raise taxes" posters wouldn't answer and called the question unfair...meaning they aren't paying .
Raising the corporate tax wouldn't result in more taxes being paid. Corps just change their accounting to decrease their exposure. What it does do is cause business to reinvest and upgrade their . I'm tired of the nihilist Milton Friedman motto of business' only purpose is to make money for shareholders. What does need to be done is taxing the out of bonuses particularly to executives.
The problem with health care currently is that it puts the onus on business to pay it. Tying it to payroll makes it hard to raise wages. It also puts even more of an onus on small business because of US health cares divide and conquer practice. You cannot negotiate a better price with only 6 employees as opposed to those with 1000.
Single payer helps business and worker. It just doesn't help big business and certain industries. em I say.
You guys whine too much. In the UK, I'm paying:
- 40% marginal income tax rate on more than two-thirds of my gross income
- 6% national insurance (to cover specific benefit programs)
- A fixed council tax which funds local services
- 20% VAT on goods and services
I do think I pay too much. But I also understand the problems faced by most developed countries - an aging population and insufficient working age adults supporting them. Countries have tried to encourage immigration from developing countries to fix that imbalance, but that brings another set of issues with it. Global trade and the difficulty in moving away from manufacturing towards high-end services is an ongoing problem. There are no easy solutions: the Conservatives will protect the portion of the welfare bill that is targeted at older people, and Labour / Lib Dems will try and protect the part that is aimed at younger adults. At least we don't waste money on the military-industrial complex like the US does, and people don't die because they don't have medical cover.
I would like to see a re-balancing of how tax money is spent. A reduction in public sector and senior citizen pensions, tightening welfare benefits, industry subsidies and government administrative expenses - a gradual increase in infrastructure (especially broadband), education and health services.
Ok snake. What was your effective tax rate?
I've posted my W2s the past two years. I bet I pay more in taxes than most of this board makes. And I still think it's too low.
Would greatly prefer national and state sales tax/flat tax.
Horribly, INTENTIONALLY regressive. Typical -the-poor rightwingnut strategy.
I do.
I also don't feel any disinclination to make more money because of taxes. Not buying that myth.
that myth trashed decades ago in Sweden, other Scandinavian high-tax countries.
I most likely pay more income tax than you do.
And yes I would be willing to pay more in income tax. Especially if I knew more was going to public education and infrastructure. I would benefit in the long run.
Looks like the majority of Americans are tired of the failed policies of trickledown economics.
69% of Americans support an increase on the tax rate of those making $250,000 or more.
And that includes 54% of Republicans and 68% of Independents!
https://www.facebook.com/berniesanders/photos/a.324119347643076.89553.124955570892789/1113264815395188/?type=3&theater
The tax code is rigged.
The riggers have fantastic power and wealth (ownership of slavish politicians) to keep it rigged.
And of course, the multi-millionaire politicians would never vote themselves higher taxes.
This is a good point. I would have to go back and look as this can vary a great deal for people like me.
the jealous 69%. It's already 33% over $190,000.
Looks like the majority of Americans are tired of the failed policies of trickledown economics.
69% of Americans support an increase on the tax rate of those making $250,000 or more.
And that includes 54% of Republicans and 68% of Independents!
https://www.facebook.com/berniesanders/photos/a.324119347643076.89553.124955570892789/1113264815395188/?type=3&theater
The tax code is rigged.
The riggers have fantastic power and wealth (ownership of slavish politicians) to keep it rigged.
And of course, the multi-millionaire politicians would never vote themselves higher taxes.
not jealous, people are tired of being screwed while the 1% make out like bandits.
Sounds like a jealous to me.
Not my fault you aren't happy with your income.
... just another ed up, wrong post from self-congratulating, -all-y'all and look-at-how-high-my-taxes-are whiny CosmicParasite.
I get paid what people think I'm worth. I trade value for dollars.
Whats your excuse?
It really doesn't matter what the majority feel. It matters what is right and just.
Would hitler be justified in persecuting the jews if the majority were in favor that way?
Do you feel the same way regarding enviromental issues?
There are currently 1 users browsing this thread. (0 members and 1 guests)
Posting Permissions
Reply With Quote
