Pick one of the following tax plans...

[Beet]

A or D.

Most corporations actually paid no federal taxes from 1996 to 2001; and they probably haven't had their burden increased since.

[opebo]

Unless that's coupled with a repeal of the corporate income tax, D would turn out economy to ****.

No it wouldn't, dolt - a similar tax plan but with higher rates prevailed throughout America's boom period from 1945 to 1981.

[A18]

Those rates were never actually paid.

You're talking about an 80% top effective rate on investment income.

[opebo]

Those rates were never actually paid.

You're talking about an 80% top effective rate on investment income.

No, 46.2% is I believe the top rate he suggests.

[A18]

Combined with a corporate rate of 35%. I don't have a calculator, but that's got to be somewhere between 70% and 80%. Probably about 75%.

[opebo]

Combined with a corporate rate of 35%. I don't have a calculator, but that's got to be somewhere between 70% and 80%. Probably about 75%.

COOL!

[I spent the winter writing songs about getting better]

All are bad, D is least bad, A is after it, and B and C are just so awful I can't decide which is worse.

[A18]

Yeah, keep 25 cents of every net dollar you make, lose 100 cents of every net dollar you lose. This is not going to encourage risk taking with capital, which is a key to technological development.

[opebo]

Yeah, keep 25 cents of every net dollar you make, lose 100 cents of every net dollar you lose. This is not going to encourage risk taking with capital, which is a key to technological development.

You suggest that the wealthy often lose money?  Perhaps in the same fantasy land where the poors in the bottom quintile pull themselves up to the top by their bootstraps.

[Beet]

94% of all U.S. companies paid less than 5% -- and 61% paid nothing at all.

http://moneycentral.msn.com/content/Taxes/P80242.asp

[A18]

And?

[Beet]

And?

So your "35%" hogwash means nothing.

[A18]

I said top rate. I'm sorry you're too dumb to read.

[Beet]

I said top rate. I'm sorry you're too dumb to read.

The fact is your comments presented a grossly distorted picture of the facts on corporate taxes.

[A18]

Uh, I said top rate. Not average rate.

[opebo]

In fact of course, the factor, corporations are allowed so many deductions that few rarely make much of a taxable profit.

[Speed of Sound]

While the % could be a bit higher, overall I like A.

Why?!  D is the only plan that would be remotely acceptable to a liberal.

i despise the progressive tax plan. Its not fair to everyone. You pay a higher percentage just because youre successful? I think not.

You see, that's why I like you

[True Federalist (진정한 연방 주의자)]

B
A
D
C

A national sales tax would slow down the economy and cause a far too sudden a shift from spending to saving for our economy to adapt if implemented all at once and would no doubt simply lead to higher overall taxation if we tried to implement it gradually.

B is the least objectional of the plans tho it has its flaws.

[True Federalist (진정한 연방 주의자)]

Combined with a corporate rate of 35%. I don't have a calculator, but that's got to be somewhere between 70% and 80%. Probably about 75%.

Taxing 35% and then 46.2% of what's left only combines to a 65.03% tax rate.  Still too high, but not as high as you claimed.

[Moooooo]

A national sales tax would slow down the economy

I wonder why Greenspan backs a sales tax?

[True Federalist (진정한 연방 주의자)]

A national sales tax would slow down the economy

I wonder why Greenspan backs a sales tax?

A sales tax has a number of good things going for it including ease of adminstration, automaticaly reducing the overall tax burden on the economy when it slows down, less subject to swings of government revenue due to financial market froth, etc.  If I felt that we could trust the government to phase it in over a five to ten year period so as to reduce the impact from the shift in taxation strategy while at the same time not using it as a cover to increase the overall tax burden I would be for it.  However politicians being what they are, the risks from a poorly implemented sales tax outweight the benefits in my opinion.

[opebo]

Combined with a corporate rate of 35%. I don't have a calculator, but that's got to be somewhere between 70% and 80%. Probably about 75%.

Taxing 35% and then 46.2% of what's left only combines to a 65.03% tax rate.  Still too high, but not as high as you claimed.

Actually I'd say 65% is about right for the permanent owning class.