General Discussion

scheming daemons

(25,487 posts)

6. easy peasy

Thu Apr 12, 2018, 10:07 AM

Apr 2018

first 50k (100k for couples) is tax free.

50k-100k (100k-200k for couples) at 20%

100k-250k (200k-500k for couples) at 35%

250k+ (500k+ for couples) at 50%

Labor income and investment income treated the same.

Corporation taxed 25% on all profits. Period.

no exemptions, no deductions. you wanted a bigger family, sorry that's a decision you made.

The rich and poor alike get their first 50k tax free, so it is fair.

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You've just been elected president. Fix the tax code. [View all] jmowreader Apr 2018 OP

Add 5 more brackets from the current 7 A HERETIC I AM Apr 2018 #1

Mostly like, but IRA and Roths are... Adrahil Apr 2018 #3

Poorly worded. A HERETIC I AM Apr 2018 #8

cool! NT Adrahil Apr 2018 #9

eisenhower. we have wars to pay for. pansypoo53219 Apr 2018 #2

It works for me. Demsrule86 Apr 2018 #4

Unreimbursed employee bus expenses should be reinstated allowing deductible union dues cpamomfromtexas Apr 2018 #5

"Almost" everything? jmowreader Apr 2018 #10

Agree. Trust trying to be charitable you know. cpamomfromtexas Apr 2018 #13

easy peasy scheming daemons Apr 2018 #6

About what I was going to post Johnny2X2X Apr 2018 #7

Single filers earning less that $50k & joint filers earning less than $100k TheSmarterDog Apr 2018 #11

I'd tax the ever loving fuck out of the 1% maxrandb Apr 2018 #12