LogFAQs > #890306137

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Topic	What's a fair income tax rate for people making >$300k?
BuzzyTheCat 11/13/17 12:14:29 PM #49:	Bullet_Wing posted... BuzzyTheCat posted... Bullet_Wing posted... BuzzyTheCat posted... Want to fix the tax situation. Everyone pays 15% tax on any income they have, no deductions, and any refund you get can not exceed what you paid in taxes that year. IE, no $10,000 refund when you only paid $3,000 in taxes that year Are we including capital gains, inheritance, gifts, everything here? Capital gains yes. Inheritance and gift taxes are backward. Its not income if someone gives it to you after taxes have been paid on it already. However capital gains, dividends, etc most certainly are income once realized What do you think a paycheck is? ...It most certainly isnt a gift from a family member --- This signature has been deleted due to people being much too sensitive about religion. <cite>BuzzyTheCat posted [p:890306137] in What's a f... [t:75986526]...</cite> <quote><cite>Bullet_Wing posted...</cite> <quote><cite>BuzzyTheCat posted...</cite> <quote><cite>Bullet_Wing posted...</cite> <quote><cite>BuzzyTheCat posted...</cite> <quote>Want to fix the tax situation. Everyone pays 15% tax on any income they have, no deductions, and any refund you get can not exceed what you paid in taxes that year. IE, no $10,000 refund when you only paid $3,000 in taxes that year </quote> Are we including capital gains, inheritance, gifts, everything here?</quote> Capital gains yes. Inheritance and gift taxes are backward. Its not income if someone gives it to you after taxes have been paid on it already. However capital gains, dividends, etc most certainly are income once realized</quote> What do you think a paycheck is?</quote> ...It most certainly isnt a gift from a family member --- This signature has been deleted due to people being much too sensitive about religion.</quote> ... Copied to Clipboard!
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