How about this tax plan?

stratedude

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I have a proposal for a tax plan and I thought I'd run it past you fellow LPSGers to see what you thought:

OK, here it is:

A = Your total Salary

Your tax owed is:

A - 50,000

You keep the rest. If tax owed is negative, you will get a rebate equal to that amount.



What do you think?
 

mindseye

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I'd like to see you try it. Hey, Oprah, keep $50k for yourself and give us the rest.

You really want to know what I think of it?
 

lucky8

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Your tax proposal would ruin the American dream and create job loss. Socialism, unfair, redistribution of wealth, socialism, unemployment, business failure, failure of governmental programs, socialism, and socialism. Did I miss anything?









Oh ya, socialism


...that will lead to communism
 

UncutAtlanta

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Better yet, lower the rates and get rid of all the deductions. If you choose to have children, you pay for them. Travel for business? You pay for it. I could go on but you get the idea.
Simplify the tax code across the board- that's only fair.
 

D_Davy_Downspout

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Terrible. You didn't think about this very long, did you? I don't think you have a concept about exactly how many people make under 50k. And where did you get that number?


The country would be bankrupt in a year.