What upsets me is, we post these memes but nothing ever changes.
this post was submitted on 14 Jun 2024
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I live in California and am taxed out the ASS. And I am super all for it, because California's economy, job training, assistance programs, and strong worker and consumer protection laws brought me from homeless to making good money.
Same, but Europe here. Free healthcare and mostly free education, now a decent paying job. I don't mind paying a ton of taxes, what pisses me off is that the mega wealthy don't.
The reason I'm paying so much in taxes isn't that homeless guy with mental illness that needs a meal, or that immigrant that needs healthcare because his fucking asshole boss is exploiting him and not providing proper job safety.
It pains me that so many good, decent people are falling so hard for this fascist propaganda, and don't realize they're being swindled by the mega rich that are making more money than they ever did...
I've posted this before and next time it comes up I'll probably post it again,
Way it should be in my eyes,
Set the brackets at calculated thresholds for the 20th percentile, 40th percentile, 60th percentile, 80th percentile, 95th percentile, and 99th percentiles of incomes.
- For the 20% bracket, you pay no income tax,
- For the 40%, and 60% brackets, you pay a percent equal to the share of the national wealth controlled by households in those brackets
- For the 80% and 95% brackets you pay twice your bracket's share
- For the 99% bracket you pay three times your bracket's share
And just to turn the dial up even more, find the median income in the 20% bracket, and apply just the teensiest percent multiplier to the nominal rate for every time someone's income tips over another twenty times that median
Doesn't just keep tax rates dynamic to reflect the economy, it also ramps up the pressure extremely quickly against wealth accumulation, and suddenly inclines the rich to start eating each other, because now they're all in direct competition to have the most while cutting each other all down to avoid their tax rates spiking, and since it's a flat multiplier instead of a more complex formula, those 99 percenters can get titanically screwed by actually losing money for getting too much, since anything above a third of the nation's wealth means they're paying a dollar and change for every dollar they make. They'll become each other's worst enemies since anyone who starts hording raises the tax pressure on everyone else.
Oh and just to make sure it stays that way, anyone who peaks the 99% club, you are officially acknowledged as "doing well and good enough", and are barred from public office for the next ten years following the last time you pay in that bracket. Just picture it, a government with no one percenters in it, and instead of trying to lobby their way back in they're all too busy trying to tear each other down for a decimal point off their nominal rate.
Got dang this sounds hot hot hot
Quick i need a republican to tell me how this hurts the children or stifles muh innovations or something
Nine
Eleven
thunderous applause from the sticks as the rubes vote to hamstring themselves
The main problem is it can't be trivially based on income. You have to figure out how to tax things like stock and "I got a low interest loan from the bank". Things that aren't a check your employer sends you every two weeks.
Probably taxing unrealized gains would do it? If you own stock that's worth a shit load of money, you pay something.
I think people also use stock as a collateral to get loans. That should probably not be a thing you can do to avoid taxes.
Also there probably shouldn't be a marriage tax break. I'm pretty sure that came from some rich asshole who didn't want to pay taxes, so he said half his income was his stay at home wife's to lower his burden. There's a book "the whiteness of wealth" that talks about this, and how it tends to help white people more than anyone else.
I just want to say implementing a mathematical function is far more convenient then using brackets. That way you can make sure anybody who gets a raise also gets to keep more, but pays more taxes at the same time. Because you will never jump a bracket which reduces your income because of higher taxes. The other benefit is, that you can easily implement a negative income tax. This would make sure that anybody who is working, has more income than people who don't work. This would be an incentive for anybody to work what they can, even if it is very little.
Thats not how the tax brackets work. Only the amount that is in that bracket is taxed at that rate. What can happen is a loss of income based social services and tax breaks for lower income families.
You are obviously right. I always mix this up (see Bracket creep why I mix this up). But otherwise my point still stands. In this stackexchange is a graph with an example how tax brackets turn out at each income. My actual point ist, that the graph is not smooth and I don't like that. Also there is a highest bracket, which will allows the super rich to keem growing their wealth. The fact, that super rich people are hiding their actual wealth for example via credits, is a separate issue, which obviously can't be tackled by income tax alone.
If less of my taxes went to missile and more toward social programs I'd be a lot happier too
The missile knows where it is at all times. It knows this because it knows where it isn't.
By subtracting where it is from where it isn't, or where it isn't from where it is (whichever is greater), it obtains a difference, or deviation.
The guidance subsystem uses deviations to generate corrective commands to drive the missile from a position where it is to a position where it isn't, and arriving at a position where it wasn't, it now is.
Consequently, the position where it is, is now the position that it wasn't, and it follows that the position that it was, is now the position that it isn't.
All this wouldn't be possible without your tax dollars