Spooky Obama

Bond · 07-23-2011, 06:59 PM

Quote:

Originally Posted by Professor S

1) Install a progressive flat tax: All income up to $38,000 pays no federal income taxes. Every dollar above that number is taxed at 25%. This way everyone can plan accordingly, and in the end the rich pay more in taxes simply because a far higher percentage of their income is above the $38k threshold. Also, no one is punished for succeeding. NO LOOPHOLES.

This is the best way to encourage economic growth, and in turn raise tax revenue. Raising taxes is rarely about raising revenue -- it's just politics.

KillerGremlin · 07-26-2011, 02:26 PM

The progressive flat tax is the best idea ever, and it will never happen.

I've really given up on this country's political system...when the middle class truly hits financial fallout there is going to be rioting and all the gated millionaires+ better watch themselves.

Obama is a good public speaker though.