Anonymous wrote:

Anonymous wrote:

Anonymous wrote:If you are new to having them you haven’t truly experienced them yet. Try being taxed an extra 4.7% on the last $3M of income. It’s no longer $2k in extra tax, but $141K in extra taxes.

Omg that sounds dreadful.

/s

You’ll never get sympathy, but it is irksome that your money, that you’ve earned, is taken at such a high rate.

Anonymous wrote:3.8% NIIT was added to fund Obamacare.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:If you are new to having them you haven’t truly experienced them yet. Try being taxed an extra 4.7% on the last $3M of income. It’s no longer $2k in extra tax, but $141K in extra taxes.

Omg that sounds dreadful.

/s

You’ll never get sympathy, but it is irksome that your money, that you’ve earned, is taken at such a high rate.

If you don't like this, you would hate the phase out for eitc, savers credit, and non-tax programs like SNAP, SSI, housing vouchers, and TANF. A 4.7% marginal tax rate is nothing...many have rates that exceed 20%!

Anonymous wrote:Two things can be true at once:

1) these small surprise taxes are annoying
2) they are fair/reasonable for the 12 percent of households with incomes above $200K, which is more than 2.5x the median income, given that we have a graduated tax system

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Flat tax 15% no forms , no deductions no irs

Hell no, that would be ridiculously unfair and would cause massive budget deficits. We have a progressive income tax for good reason.

Equity aside, a 15 percent flat tax would be woefully inadequate to cover the costs of government. You would have to slash government expenditures. And not things like foreign aid which are negligible, but medicare, food stamps, military spending, healthcare etc.

For flat tax enthusiasts that is a feature and not a bug

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Flat tax 15% no forms , no deductions no irs

Hell no, that would be ridiculously unfair and would cause massive budget deficits. We have a progressive income tax for good reason.

Equity aside, a 15 percent flat tax would be woefully inadequate to cover the costs of government. You would have to slash government expenditures. And not things like foreign aid which are negligible, but medicare, food stamps, military spending, healthcare etc.

Anonymous wrote:Be grateful that you have a good paying job. Taxes are small price to pay.

Anonymous wrote:I am millennial and agree with 15 % flat tax, also no social security and no Medicare, just let me invest my own money

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It’s a way of increasing taxes on the wealthy without changing the basic tax rates. Smoke and mirrors!

Actually, no. They increase taxes on the middle class, the thresholds are between 200-300k and NOT indexed to inflation. You think a family making 250k in a major city is rich? And in 10 years it’ll be even worse and affect an even greater percentage of the population.

I am one of those people and yes, we are rich.

Anonymous wrote:

Anonymous wrote:Flat tax 15% no forms , no deductions no irs

Hell no, that would be ridiculously unfair and would cause massive budget deficits. We have a progressive income tax for good reason.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:If you are new to having them you haven’t truly experienced them yet. Try being taxed an extra 4.7% on the last $3M of income. It’s no longer $2k in extra tax, but $141K in extra taxes.

Omg that sounds dreadful.

/s

You’ll never get sympathy, but it is irksome that your money, that you’ve earned, is taken at such a high rate.