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BUMPED2002 01/29/21 1:03:02 AM #1: |
Do you think the federal tax rates are fair?
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funkyfritter 01/29/21 1:04:58 AM #2: |
Fair or not, it's definitely way more complex and full of loopholes than it should be.
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Lokarin 01/29/21 1:52:08 AM #3: |
funkyfritter posted...
Fair or not, it's definitely way more complex and full of loopholes than it should be. Ya, those loopholes are garbo... there should be a "no excuses" partial tax rate. Like, if you are currently paying 31% corporate taxes, that could be subdivided into 5% (ain't no dodging this) and 26% standard --- "Salt cures Everything!" My YouTube: https://www.youtube.com/user/Nirakolov/videos ... Copied to Clipboard!
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streamofthesky 01/29/21 2:04:28 AM #4: |
Not in the slightest.
Capital gains is taxed lower than income and bank interest The top marginal tax rates are a joke and should go much higher Mortgage shouldn't even be a deduction, it just rewards the mega rich with really expensive houses, everyone should be on the standard deduction with some limited options to itemize like (some) medical costs and moving/work expenses (on top of the standard deduction, not in place of it) And most of all, the corporate tax inversion loophole needs to be closed and businesses need to be taxed based on point of sale, not where they claim their HQ is. Also, the small business perks are well intentioned but ultimately just punishes companies for hiring more Americans. Corporate taxes should be structured as much as possible to reward or at least not punish hiring more employees, but currently it's the exact opposite. Instead of payroll taxes, the base tax rate should be high and the only reductions should be for the ratio of full time employees (someone working 20 hrs/week would count as 1/2 of a full employee, and so on) compared to the company's revenue or such. Maybe also tax breaks for keeping the ratio of the highest paid person within certain limits of the lowest paid employee's wage, to encourage spreading pay around more evenly. ... Copied to Clipboard!
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Dmess85 01/29/21 9:35:29 AM #5: |
it depends what income braket you are in
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