Neo Kervoskia
03-02-2006, 16:41
A good friend of mine were discussing taxes. After a while, he said that he was for a progessive income tax. Now here's some background. He's an ex-Hoxhaist turned libertarian. Anyway, he out forth an economic argument for it. Marginal utility of money. However he didn't suggest that it woild br crazy as in 30% 50% or anything like that. First 200k is tax free, then as you get hire you pay more. The highest being 5-15%. What do you think? It sounds fine to me actually.
Frangland
03-02-2006, 16:44
A good friend of mine were discussing taxes. After a while, he said that he was for a progessive income tax. Now here's some background. He's an ex-Hoxhaist turned libertarian. Anyway, he out forth an economic argument for it. Marginal utility of money. However he didn't suggest that it woild br crazy as in 30% 50% or anything like that. First 200k is tax free, then as you get hire you pay more. The highest being 5-15%. What do you think? It sounds fine to me actually.
sounds wonderful. How would we afford to pay for any government though?
probably fewer than 1% of Americans earn more than $200,000 annually.
The top tax bracket is currently something like 36%...
Neo Kervoskia
03-02-2006, 16:47
sounds wonderful. How would we afford to pay for any government though?
probably fewer than 1% of Americans earn more than $200,000 annually.
The top tax bracket is currently something like 36%...
You cut spending. Take away what cannot be done by efficiently by the market.