The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Re: Tax Deferred Annuity right for me?||Date: 4/27/2013 10:11 PM|
|Author: bacon||Number: 118525 of 122471|
how is it fair that the wage slave pays x% and the self-employed shopkeeper pays bupkes?
Someone asked in this thread that "fair" be defined. That needs to come first.
As for the self-employed shopkeeper, do his business' profits not generally get passed through to him as income? Even though his business wouldn't pay, he would?
As for the Kochs, assuming a...fair...definition of "fair," why should Koch pay when GE does not, on net?
As for Kansas' revenues (or any state, or the Federal government), the need for the revenues, beyond some minimum threshold for some minimum service, hasn't been established. That needs to come before establishing a (high) tax level.
Finally, no system is perfect. Better is the enemy of good enough, and I suggest a flat tax, with no froo-froo, as JC and I have suggested, is good enough.
|Copyright 1996-2015 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|