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Discussion: Income Tax Policy
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gmachy |
Income Tax Policy
Jun 28 2008, 11:46 PM EDT
With 1% of the population controlling 90% of this country's money, its time to redistribute this money. I think the best way to do this is via a massive change to our income tax policy. I think every one should be taxed on the basis of their income pure and simple. No special perks for this group or that group. This would mean getting rid of capital gains and dividend categories of income. All the money an individual earns would be taxed at the same rate. After all its a lot harder to earn income than it is to simply buy some stock and watch the dividends roll in, or for that matter buy and sell stock! As for corporations, partnerships, and such, they would be taxed based on the income they keep. That would mean dividends that corporations pay out would not be taxed, but the people colecting dividends would be taxed. The level of taxation would be based on income, whether an individual or a corporation. Indiviuals and corporations would still presumably have different tax schedules depending on public policy.
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