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Are conservatives going to advocate a regressive tax next?
Why not?
If people are taxed a lot at low income levels then it'll be an incentive to keep moving up, right? Then the successful don't have to pay any taxes, and keep all their money.
9 Answers
- Mr. SmartypantsLv 76 years ago
I really think that's the logic underlying Republican tax policy! Help the poor and you are only giving them an incentive to be poor! PUNISH the poor, reward the rich, and the poor will decide to be rich instead, and then we'll ALL be rich!
Are the conservatives going to advocate a regressive tax? You mean are they going to remain consistent with the tax policies they've favored for 40-50 years? Yes, they will. EVERY Republican tax plan has the 'incidental' effect of shifting the burden of taxation off the rich and onto the middle class.
Rand Paul was in the news last week with a tax plan made him sound like a psychic channeling Ronald Reagan! Let's cut taxes for everyone, but mostly the rich and corporations, and that will stimulate the economy! Let's pay for those tax cuts with spending cuts which we'll decide on later. 8^P EXACTLY the ideas that have blown our debt up for 40 years now. Wasn't Rand Paul the guy who was going to bring new ideas to the GOP?
- Anonymous6 years ago
Yes, or so I've heard. If you divide the $3.02 trillion the feds took in last year by the US population (I used 319 million), you mathematically get that a universal fee of $9405 per American per year to make the same income. It's only a matter of time before Republicans advocate an annual fee of $9,000 per American per year no matter what their income.
Notice that I rounded down. That's because I took into account that it takes more courage than Republicans have, to tax as much as America spends.
- 6 years ago
A "rich" person earns his salary and is taxed on it. Then he takes the left over money and invests it. If he doesn't lose his money, he is taxed again, on the profit. He takes the leftover money and creates prosperity by buying something, and then he is taxed on that.
- ?Lv 76 years ago
I'm all in favor of a flat tax. If you make ten dollars---you send one in. If you make ten million dollars---you send one MILLION dollars in. No deductions. No exemptions. No credits. None of the loopholes people use to avoid paying taxes. THAT is fair.
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- LANLv 76 years ago
Pity you aren't intelligent enough to actually learn about the various changes being advocated by different groups and learn how they would benefit everyone.
- Anonymous6 years ago
Nope. I would like to see a flat tax.
- ?Lv 56 years ago
Hope they go after all those that lied about their income to get the government to pay for their Obama care and nail them hard
- Anonymous6 years ago
That's what they just dId in Kansas...