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Quick note - the problem with Youtube videos not embedding on the forum appears to have been fixed, thanks to ZiprHead. If you do still see problems let me know.
What if we (we being the USA) totally eliminated the income tax, and established a wealth tax on individuals ONLY.
For these purposes, I would define wealth as the sum of all of your assets of whatever kind.
We'd have to do some math to set the correct rate, but as a straw man, let us say that...
http://www.theroot.com/id/48533?GT1=38002
It seems that Alabama will start making state employees who don't take advantage of health screenings pay an extra $25. At first I thought this was about making big people pay more for health care, but that doesn't seem to be the case. It says nothing...
Supposedly, the business that Joe the plumber wants to buy is expected to make $270,000 in profit.
According to my back-of-the-envelope calculation (I don't know anthing about special deductions or exemptions) Obama's tax plan would raise the marginal tax rate on income over 250,000 from 36%...
If corporations were not ever taxed, but we shifted all of the tax to the stockholders proportionately, it would no longer be possible to offshore assets to a tax haven because your ownership of the stock is that which is taxed, and you own it in whatever country you are a citizen.
In Snide's topic, A couple Questions for the "American Right:", the idea of a national sales tax in place of all other federal taxes came up. I'd really like to take that idea and see where we can run with it. I have gleaned those statements from Snide's topic which apply only to the national...
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