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Thaler
Premium Member
join:2004-02-02
Los Angeles, CA

Thaler to CXM_Splicer

Premium Member

to CXM_Splicer

Re: Worth repeating - corporations don't pay taxes-customers do

Problem is, wherever you draw the border between tax & taxless, there would be a huge problem. Using your 1% example, that means if I'm in the top 1.1%, I pay no tax. The moment I cross over to the 1% - boom, huge tax hit.

In that model, your citizens had better either be pretty-rich-but-not-quite-enough, or Monopoly-man-super-rich. If your income puts you between these two camps, prepare for taxes to punish you harder than if you were a 1.1%-er.
CXM_Splicer
Looking at the bigger picture
Premium Member
join:2011-08-11
NYC

CXM_Splicer

Premium Member

>Problem is, wherever you draw the border between tax & taxless, there would be a huge problem.

Yes, you are right. The 1% cutoff is not a hard cutoff but a generalization. And more to the thread topic, it is the platry corporation taxes I think should be higher... I am including them in the 1%.