Abolish the Income Tax: Steve Forbes and Peter Schiff

Discussion in 'Economics' started by achilles28, Apr 15, 2010.

  1. ElCubano

    ElCubano

    a family that earns $373,651 in the 35% will pay $101,140....or roughly 27% of income...

    http://www.moneychimp.com/features/tax_brackets.htm
     
    #21     Apr 16, 2010
  2. actually its even less. i plugged it into my turbo tax software. married filing jointly =$99230.00. thats before deductions so i could get it even lower in actual practice.
     
    #22     Apr 16, 2010
  3. This my encourage saving. The Federal Reserve is all about debt. Remove the Fed and we all prosper.
     
    #23     Apr 16, 2010
  4. The thought of widespread prosperity once central banks are removed is just as ridiculous as the idea of central banks being the only way trough which prosperity can be build.

    It's really false retoric.
     
    #24     Apr 16, 2010
  5. dcvtss

    dcvtss

    That's still just Federal income tax though not OASDI, sales taxes, use taxes, fuel taxes, all the taxes diguised as fees and all the other penny ante crap.

    It's still moot though, it's not like they just don't get it that a flat tax is more logical, the income tax has nothing to do with revenue it's just central planning in disguise.
     
    #25     Apr 16, 2010
  6. Right....because the past ~ 100 years since the Fed has been around has been soooo terrible for America.......
     
    #26     Apr 16, 2010
  7. he is an example of what happens when you eliminate history from education. before the days of the fed the us went through many more boom and bust periods.
     
    #27     Apr 16, 2010
  8. All you get from the fed is debt and inflation, tell me otherwise.
     
    #28     Apr 16, 2010
  9. The current state of employment is what you get from over educated fiscal flunkies who have never run a business.
     
    #29     Apr 16, 2010
  10. You need to ignore him.. he's a total idiot! His understanding is small, but he runs his mouth BIG.
     
    #30     Apr 16, 2010