caryking said:Do you think lower waged citizens have a responsibility to pay taxes into the Federal Treasury? If so, what tax should they pay (not the percentage)?Civilized said:caryking said:explain the regressive nature, please…Civilized said:caryking said:Flat tax with "Zero" deductions for all people. No taxes on business. Or, a retail tax and removal of all income taxes.Gulfstream4 said:caryking said:I get what you're saying; however, you can confiscate all of there current net worth and it still wouldn't balance the budget, this year…Gulfstream4 said:Marco said:
Make the wealthy pay more taxes!!
I agree. Tax the ever living sh*t out of Opra, Mebron, Hollywood, NFL, NBA, Bill Gates…etc. Take it all.
Oh, I know. I just think it would be great for all these ultra rich, who support the far left, to pay through the nose. Let them put their money where their mouth is.
The simplicity of this approach is highly appealing.
The regressive nature of such a structure is not.
Explain what regressive taxes are?
Or how sales or flat income taxes fit?
Both sales and flat taxes are applied using the same rate regardless of income so they impact lower-income earners disproportionately. That's the definition of a regressive tax.
I'm not sure what you mean.
Are you asking what type of tax they should pay? Or what amount?