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Jack_DeLeon (1000+ posts) Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Sun Sep-26-10 07:54 PMOriginal messageHow about taxing income per hour instead of per year? I got a better paying job, but I also choose to keep my other job. So during part of the week I'm working longer days so I can pay off my debts and save some money too.My annual income will be jumping up and I might actually get to pay taxes this year. lol.I was just thinking tax wise how is it fair that someone who chooses to or has to work two jobs, long hours, or even overtime has to pay as much taxes as someone who only works one job or even part time but gets paid a whole lot for it.
jtuck004 Donating Member (1000+ posts) Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Sun Sep-26-10 07:56 PMResponse to Original message1. How bout we start taxing capital gains at 39%? Leave yours alone... n/t
AnArmyVeteran Donating Member (1000+ posts) Journal Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Mon Sep-27-10 12:41 AMResponse to Original message10. Tax 'productive income' at 0-5%, but 'unproductive income' at 75-90%!!! Updated at 12:41 AM This is a first draft of a new tax program that I feel would change the way people are rewarded for their actual contributions to society, and how those who produce nothing for society would be prevented from amassing unlimited amounts of money.Non productive tax plan. Everyone who has a real job where they put in 40 hours a week or more would only be taxed at 5% if they made over $150,000. A person who did not work and produced no products beneficial for society should be taxed at at minimum tax of 75% on all money made with static money that is just hoarded or in current low capital gains tax accounts. Money should be taxed depending on whether it was 'working money' or it was 'static money' (non-productive money). Those who earn 'working money' because their money is constantly being reinvested into our society should be taxed at an extremely low rate. Millionaires and billionaires who have their money hidden away in non-productive accounts where their money is not being immediately reinvested into society should be taxed at a minimum rate of 75%. Each of the Walton clan who each own more than 22 billion just for squirming out of their momma's womb would have all of their wealth that is in static accounts taxed at a an even higher tax rate of 90% because their fortunes are sitting in vaults or off shore accounts increasing in value while the Walton clan is producing nothing for society. Any money not immediately reinvested in hiring néw workers or building be businesses should be considered purely 'non-productive' income and taxed at the maximum amount of 90%. With this 'Walton Example' each heir of Sam Walton would still get to retain 10% of their wealth, or a staggering $2.2 billion dollars, still not bad for Deadbeats who do not produce anything for society. To ensure the average worker, whose income is based entirely on his labor (or his productivity and contributions to society) shall be allowed to have his savings in a government protected savings accounts that is completely untaxed up to a million dollars because all of his income was earned from labor and not by sitting on his ass and getting huge capital gains windfalls for doing absolutely nothing for society. Those who saved 'working & productive' money would only be taxed when their retirement incomes exceeded $1 million dollars. But because they actually earned their money through hard work their tax rate would only be 5% for the first $100,000 over one million and 5% for each additional $100,000 over a million dollars. If all taxes were taken from non-productive accounts from the deadbeat rich the poor and middle classes would only pay taxes on any money made over a threshold of $150,000 per person and $300,000 per couple. All of the taxes explained above would have no impact on Social Security investments because all workers who contributed to that savings plan would receive all of the money they put into the SS program, including interest for having their 'productive income' in the account. Their income would be considered 'productive money' because it was earned from the sweat and toil of the average worker whose efforts actually helped to build this country and help society. The new 'non productive' tax would also be known ad the Deadbeat Rich tax, because unless they actually earn the money they acquire through actual work it will be taxed to the fullest extent of this new tax law. This new tax plan would lead to economic prosperity for our entire society because working income would be taxed an an extremely low rate, while the lazy deadbeat rich would have all of their 'unproductive income' taxed at a minimum of 90%. This new tax law would prevent the laziest deadbeats in our country from acquiring huge amounts of wealth for doing nothing productive, and it would reward the hardest working people by allowing them to keep most, if not all, of their money earned by actual labor which is essential to a healthy growth of our economy and to the financial security of those who actually have done the work to build our country. This law would reverse the outrageous income disparity between the rich and poor and income would be based on hard work and merit instead of those having the best tax lawyers and the most secret offshore tax shelters. Without a drastic change in the way wealth is accumulated our country is doomed to be eventually owned by a handful of the laziest deadbeats in our country, while those who produced the most for society would continue their downward financial slide into total poverty and become nothing more than slaves to the ruling class of the Deadbeat Rich.
Without a drastic change in the way wealth is accumulated our country is doomed to be eventually owned by a handful of the laziest deadbeats in our country
Without a drastic change in the way wealth is accumulated our country is doomed to be eventually owned by a handful of the laziest deadbeats in our countryThis from a DUmmy???
How about taxing income per hour instead of per year?
AnArmyVeteranEveryone who has a real job where they put in 40 hours a week or more would only be taxed at 5% if they made over $150,000. A person who did not work and produced no products beneficial for society should be taxed at at minimum tax of 75% on all money made with static money that is just hoarded or in current low capital gains tax accounts.
If all taxes were taken from non-productive accounts from the deadbeat rich the poor and middle classes would only pay taxes on any money made over a threshold of $150,000 per person and $300,000 per couple.
I swear It must hurt to be dumber than a rock. I know 6 yr olds with more functioning gray matter than the avg dummie.
WTF are "non-productive accounts"?
i tried to figure out WTF that so called 'tax plan' was...I admit my reading/comprehension skills are the suxor now, but I couldn't figure it out.Anyone care to explain it to me(or will it just give me a headache)
My (almost) three-year-old has more functioning grey matter than the average DUmor.
The simple explanation of all DUmmie tax plans:My tax rate - 0%Everybody else - 100%
Does this DUmmie also think overtime pay should be taxed at a higher rate?
If that's the case, shouldn't the DUmbasses be controlling all the money???It has been my experience it does! Usually puts ya into a higher tax bracket on that particular paycheck!
