Quote:
Originally Posted by Skerlnik
Fair point, and "flat tax" ideas sound the most fair, on the surface. The only thing I have concerns about is that 10% from someone making $25,000/year is qualitatively different than from someone making $250,000. There's some sort of liveable bottom line somewhere that I think gets lost in the quest for "fairness".
I also think that there is a duty to give back to the society that enabled such wealth, and I see nothing wrong, in principle, with higher rates on richer folk. But, that's more of a philisophical issue than an economic one.
Personally, I think my tax rate is about right, at roughly 28%, neither burdensome, nor do I feel I am freeloading. It's a privilege to live in the United States, and I pay my just dues for it.
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How's this then?
First $20k, non-taxable, period, no strings. After that, 10% tax on the excess. I lived on less than $20k in college
while being taxed, it's not fun, but it's do-able, so tax-free should be a lot easier. How's that sound?