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Political Discussion
Reply to "Tax Poll: What rate do you think this couple should pay?"
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[quote=TheManWithAUsername]I'm pretty exactly with takoma. I can't tell you "fair" rate for any particular person or bracket. There are many things I think the gov't should be doing, provided it can do them without discouraging individual effort too much. There is a minimum standard of living that I think we should allow. There are luxuries that I consider so ridiculously extravagant that I don't care if anyone is effectively denied them. Putting that together, I would 1) calculate the desired budget; 2) not tax anyone below the minimum standard of living; 3) tax income above the level of great extravagance at nearly 100%; and 4) tax everyone in between as necessary. That assumes all categories of taxation considered together. As I think about it, I may support a flat tax for category #4. Re category #3, if Bill O'Reilly or some overpaid CEO decides that it's just not worth it to work anymore, they can make room for someone more industrious, and we're all the better off.[/quote]
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