Post Reply  Post Thread 
Pages (2): « First [1] 2 Next > Last »

Flat Income Tax

Author Message
0Viriato0
Junior Member
*


Posts: 19
Words count: 1,392
Group: Basic
Joined: Aug2011
Status: Offline
Reputation: 0
Experience: 21
Glory Points: 0
Medals: 0

Post: #1
Flat Income Tax

Hello.

1. This one seems great, with one exception. IF I understand it right, there will be the same tax rate for everybody (lets say 10%). Wich means that whereas now the rich may pay 45%, they will pay 10% in the future, right?

2. Any comments on this one would be apreciated.

Thanks

30.08.2011 09:07
Find all posts by this user Quote this message in a reply
Helsworth
Heathen
****


Posts: 8,854
Words count: 1,597,451
Group: Super Moderators
Joined: Nov2008
Status: Offline
Reputation: 146
Experience: 859
Glory Points: 260
Medals: 11

Post: #2
RE: Flat Income Tax

0Viriato0 Wrote:
Hello.

1. This one seems great, with one exception. IF I understand it right, there will be the same tax rate for everybody (lets say 10%). Wich means that whereas now the rich may pay 45%, they will pay 10% in the future, right?

2. Any comments on this one would be apreciated.

Thanks

Yes everyone will pay the same flat rate. The flat income tax tends to improve your savings rate, lower your bureaucracy, increases gini a little bit and favors growth in the long run, while the negative income tax has more immediate effects in terms of growth via consumption.


https://www.patreon.com/SerbanVCEnache
30.08.2011 09:13
Find all posts by this user Quote this message in a reply
0Viriato0
Junior Member
*


Posts: 19
Words count: 1,392
Group: Basic
Joined: Aug2011
Status: Offline
Reputation: 0
Experience: 21
Glory Points: 0
Medals: 0

Post: #3
RE: Flat Income Tax

Thanks very much!

I chose the negative income tax. According to the way it was described, it seemed to me socially fairer than the other.

Will it actually be worst in the long run?

Grazie

11.09.2011 16:00
Find all posts by this user Quote this message in a reply
Helsworth
Heathen
****


Posts: 8,854
Words count: 1,597,451
Group: Super Moderators
Joined: Nov2008
Status: Offline
Reputation: 146
Experience: 859
Glory Points: 260
Medals: 11

Post: #4
RE: Flat Income Tax

0Viriato0 Wrote:
Thanks very much!

I chose the negative income tax. According to the way it was described, it seemed to me socially fairer than the other.

Will it actually be worst in the long run?

Grazie

Not if you keep the capital tax low. Also there's a task called salary justification which offers you an option to encourage different professions depending on how necessary they are for society via the income tax.
Have fun Wink


https://www.patreon.com/SerbanVCEnache
11.09.2011 17:50
Find all posts by this user Quote this message in a reply
Rising Phoenix
Unregistered


Post: #5
RE: Flat Income Tax

You should also allways keep your money supply higher than your GDP, because N.I.T. makes it particularly easy to take advantage of growth... Or to cause decline, if the oppossite is true.

11.09.2011 19:37
Quote this message in a reply
0Viriato0
Junior Member
*


Posts: 19
Words count: 1,392
Group: Basic
Joined: Aug2011
Status: Offline
Reputation: 0
Experience: 21
Glory Points: 0
Medals: 0

Post: #6
RE: Flat Income Tax

Many thanks Groove

12.09.2011 07:00
Find all posts by this user Quote this message in a reply
TurtleShroom
Junior Member
*


Posts: 20
Words count: 2,240
Group: Basic
Joined: Oct2011
Status: Offline
Reputation: 1
Experience: 25
Glory Points: 0
Medals: 0

Post: #7
Shy  RE: Flat Income Tax

If I implement the Flat Tax, will the Income Tax be flattened, or will all taxes be flattened, or am I just missing somthing? -and let's say I want to change my Flat Tax. When I initiate it, what do I do in Budget Time Winter to change it?


--------

Jesus loves you and died for you!!
19.10.2011 21:53
Find all posts by this user Quote this message in a reply
Rising Phoenix
Unregistered


Post: #8
RE: Flat Income Tax

TurtleShroom Wrote:
If I implement the Flat Tax, will the Income Tax be flattened, or will all taxes be flattened, or am I just missing somthing? -and let's say I want to change my Flat Tax. When I initiate it, what do I do in Budget Time Winter to change it?

It changes your adquicision taxes, which you can still change in the budget.

However, it will be that same rate for everyone.

19.10.2011 22:33
Quote this message in a reply
ciech
Senior Member
**


Posts: 472
Words count: 35,331
Group: Premium
Joined: Oct2011
Status: Offline
Reputation: 18
Experience: 135769
Glory Points: 1840
Medals: 67

Post: #9
RE: Flat Income Tax

0Viriato0 Wrote:
I chose the negative income tax. According to the way it was described, it seemed to me socially fairer than the other.


Some politician that I support said once that comparing justice to social justice is like comparing chair to electric chair. I do agree with that. He has no chance to win election, because people want to get money for free and not to work for what they get.


"Any society that would give up a little liberty to gain a little security will deserve neither and lose both."

This post was last modified: 08.11.2011 13:35 by ciech.

08.11.2011 12:40
Find all posts by this user Quote this message in a reply
Helsworth
Heathen
****


Posts: 8,854
Words count: 1,597,451
Group: Super Moderators
Joined: Nov2008
Status: Offline
Reputation: 146
Experience: 859
Glory Points: 260
Medals: 11

Post: #10
RE: Flat Income Tax

ciech Wrote:

0Viriato0 Wrote:
I chose the negative income tax. According to the way it was described, it seemed to me socially fairer than the other.


Some politician that I support said once that comparing justice to social justice is like comparing chair to electric chair. I do agree with that. He has no chance to win election, because people want to get money for free and not to work for what they get.

I'm pretty sure the 0,1% don't WORK for the corporate welfare they get from the government. In contrast, the bloke or gal who works for the minimum wage on a de jure 8 hours/day contract, de facto 10 hours/day - IS working for his or her money.
And no, there's no such thing as justice without the social component attached to it. For wealth is collectively produced and then the fruits of that collective labor are privately appropriated. As I state in my of my posts, permanent and involuntary unemployment IS deliberate government policy; and it bears the name of 'unemployed buffer stock of labor'.


https://www.patreon.com/SerbanVCEnache
28.11.2014 13:14
Find all posts by this user Quote this message in a reply
Pages (2): « First [1] 2 Next > Last »
Post Reply  Post Thread 

Possibly Related Threads...
Thread: Author Replies: Views: Last Post
  Negative income tax Malone 9 12,863 29.11.2019 18:39
Last Post: Askatasuna
  Abolishing child benefits and Basic Income hamma13 1 1,684 08.08.2017 09:29
Last Post: Malone
  Negative Income Tax VS Flat Tax Fremen Talla 3 2,661 21.10.2015 23:36
Last Post: Fremen Talla
  Negative Income Tax Marco Trejo 56 14,490 01.08.2015 10:54
Last Post: Helsworth
  negative income tax vs basic income Roger Mexico 4 3,381 18.04.2013 23:15
Last Post: Roger Mexico
  Enhanced basic Income Snorunt30 9 2,657 28.08.2012 05:00
Last Post: Snorunt30
  negative income tax. jack98 4 2,420 25.02.2011 08:18
Last Post: Helsworth
  Planned economy/Negative income tax Revolutionmyass 2 2,522 20.10.2010 21:42
Last Post: Revolutionmyass
  Basic Income/Enhanced Basic Income Revolutionmyass 3 2,446 20.10.2010 21:41
Last Post: Revolutionmyass
  Negative Income Tax - English Hogosha 4 2,514 27.04.2010 06:15
Last Post: greenleafbear

View a Printable Version
Send this Thread to a Friend
Subscribe to this Thread | Add Thread to Favorites

Forum Jump: