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11-05-2008 03:42 PM asshanson

would you prefer a flat tax? all money made is taxed at 30% or whatever?

11-05-2008 03:41 PM asshanson

well at 150 you'd probably pay 40k or so, just a few percent higher than what i pay now

11-05-2008 03:40 PM asshanson

maybe not higher income tax, but for sure capital gains needs to be over 15%, thats how warren buffet pays 17% taxes

11-05-2008 03:40 PM A//// Guy

yea but whats not cool is making 150k and giving 50k back to the government

11-05-2008 03:39 PM A//// Guy

yea, well see what happens, anything higher is still crappy haha. Right now I dont have anything to worry about, and may actually make money, since im in a lower bracket. But I still dont agree with that plan

11-05-2008 03:39 PM asshanson

and if i'm making 100k after deductions that would be hella cool, probably not for 15 years though

11-05-2008 03:38 PM asshanson

lets say the cutoff is 100k, each dollar you make under will still be taxed low, each dollar over now has 32% instead of 30% or something, not a huge difference

11-05-2008 03:37 PM A//// Guy

Id like that salary some day, maybe it will happen, but getting into that higher tax bracket is almost not worth it

11-05-2008 03:37 PM asshanson

file separately then. each income is going to be much less than 100k and will be taxed accordingly

11-05-2008 03:36 PM A//// Guy

but once you add kids and want to live fairly reasonably, taxes block that.

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