'trickle down' was a Democrat pejorative. Anyone else calls it economics.

Reaganomics!

and soon

TRUMPANOMICS!!

I was to see that with the inverse too "we told them we'd give the money back to the people"

I mean...

you don't get money back

You just get more Human Rights 😉

Didn't Obama literally hand out money to the rich in order to not allow people to lose their jobs?

There is a video in newsroom, that discusses "trickle down"

To big to fail and all.

Bush did it too

No no no, not so people didn't lose their jobs... So that the government didn't lose their pension funds

It's disgusting

Yes.

yeah but that clip is 2 hours long

So lets just yell at eachother without having knowledge

Or their military contractors

Nothing should be to big to fail IMO.

don;t have to watch all of it

If it's to big to fail it's too big.

I'm talking from a business owner perspective

Nothing is. The bigger the company, the most costly their mistakes usually

Let's deal with flat taxes. 35 percent.

We need to stop shit like that and subsidizes

Company makes a million dollars a year

If a company thats "too big to fail" knows it will be bailed out,

It will become reckless because "shit, if we succeed its big money, if we fail, we'll get bailed out"

so it won't take precautions

and flat tax IS the most fair

That's 650,000 after taxes

fair is not always better though is it?

Flat tax is fair.

And the rich still pay the most.

Now, decrease that tax by just 3 percent to 32,000

yes, but better is subjective

No tax if you're a billionaire is great

If you're poor its awful

90% tax on the 1% is good for the poor, but horrible for the rich

They can then afford exactly one more employee at 30,000 a year

with Flat tax of like Rye said 35%

a person who makes
1,000,000
will pay 350,000 taxes

and a person who makes
10,000

will pay 3,500 in taxes

So rich still pay more

That's just 3 percent of a million dollars

There is a curve though when taxing people

besides, just scrap congress income a bit,

Not like those old farts are gonna need that money,

They don't use drugs, or hookers, or anything thats fun and costly, and will cause a scandal

So when they talk about taxing companies more

Does the curve stay the same at every level?

flat tax means everyone pays the same %

They're talking about amounts the size of employee salaries

If you're running a razor thin margin

And you get a 3 percent tax hike

Consumption Tax seems to make sense to me, but I don't know how well it would really work.

That's a man down

Easy

best part about a flat tax? no more tax brackets, except maybe at the bottom end.

I mean the laffer curve

dafuq is a Consumption tax?

I like brackets personally

I was using a flat tax as an example

if you make the bottom end of a tax bracket, you could be taking home less money than if you were in the higher end of the lower bracket

I get out near the top of the tax brackets regardless so, it doesn't really matter to me.

in other words, you end up making less money from a raise

that seems like a punishment to me

no

So, that 3 percent tax hike that equates to an entire employee's salary

not in progressive tax system

making more is always better

depends on the tax system

Is hitting across the board

Meaning less money in the econony

whatever the current system is, that is how it works

In the progressive tax system you make less from a raise the more money you make.

It sinks back into the system

if you pay 30% tax at 50,000 a year income

And 35% tax at 51,000 a year income

You're gonna lose out 😛

unless you are telling me that isn't what has happened to my family and friends from time to time.

That means sales will likely drop as well

@RyeNorth it depends on how much tax there is to begin with

I gave a very specific and realistic example

You only pay the increased tax on the income above the bracket.

There is a point where increases do become constrictive

Million dollar a year projected income

At 35 per, against 32 per

That's a small business doing well.

Your local Jimmy John's pulls those numbers alone

If we do flat tax, would small business not have to pay a greater share?

No.

time to throw this convo around,

Look guys, we can argue all day about what tax system works best,

But in the end, We just gotta scrap massive budget costs!

The state doesn't need to tax that much if it maintains a tight budget!

Yes yes yes

no doubt

I honestly think if you want a flat tax, a consumption tax makes more sense.

gouvernment not spending alot???????/// WHAT KIND OF BLASPHEMY IS THIS

fire the Gender Studies department of Government!

We'll save millions!

XD

There is no gender studies in government.

Unless you mean state colleges.

Your taxes pay for schools

Tax bracket: i make 1000 a year, thats just at the top edge of my bracket. i get taxed 1%. so i take home 900 bucks. now i make 1010 per year, but now i'm in a new bracket. my tax is 2%. i now take home 808 bucks.

Direct taxes in U.S. were first used when a war needed funding

schools have gender studies

My argument wasn't about best tax systems

taxes pay for gender studies 😛

Uhh thats not how tax brackets work Grenade

I don't care if colleges have gender studies.

tell me how that is not a punishment for making more money?

I care if colleges repress ideas.