Trump unveils 'Platinum Plan' for Black Americans...Tags Ice Cube into the ring

Yea anything 50%+ tax is crazy. If it wasn't for mfs taking advantage of loopholes the rates probably wouldn't even need to be that high.

I still feel like somehow employers will pass some of that burden on to employees OR that since this is the starting point shit will eventually go up across the board anyway.

States with high ass tax rates aren't necessarily doing much good for their middle/low income residents so I'm wondering if this is gonna help or hurt more.
 
Inori said:
What do you think a reasonable tax rate would be for those making over 400k a year?

Flat tax across the board for middle class and up or something else??
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These dudes would be surprised to know the US is low compared to other developed countries concerning taxes.

Why shouldn't the ones making the most pay higher taxes? Anything different from that is just silly.
 
Inori said:
Id agree with this in conjunction with closing the loopholes but at the same time I dont think folks that arent making very much a year should be paying 28-35%. It should be a flat rate once you're above the poverty line imo.

I wonder how that loophole shit works. Are the loopholes only applicable after you make a certain amount? If not, what's stopping the average person from using these loopholes to not pay taxes outside of not actually having the knowledge/information?
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And what would you define as the poverty line? Understand it can't be the same in every state.

$55k in Mississippi is balling.
$55k in California is poverty.
 
Fightbackmode2005 said:
And what would you define as the poverty line? Understand it can't be the same in every state.

$55k in Mississippi is balling.
$55k in California is poverty.
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Isnt there a federal poverty level or income amount that's determined for each state?
 
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Fightbackmode2005 said:
There is. My point was that a flat tax would hurt because the poverty rates are different from state to state. Taxes are much too complicated to make a flat tax.
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Howso? If there are clear guidelines on what the poverty level is for each state... if you are above that poverty line.. you pay the flat tax rate.

You dont think thats LESS complex than having multiple tiers/brackets for each and every state?
 
Inori said:
Howso? If there are clear guidelines on what the poverty level is for each state... if you are above that poverty line.. you pay the flat tax rate.

You dont think thats LESS complex than having multiple tiers/brackets for each and every state?
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So maybe I missed it. What are you proposing? A flat tax on earners over the poverty line and what tax on those below the poverty line?
 
Fightbackmode2005 said:
So maybe I missed it. What are you proposing? A flat tax on earners over the poverty line and what tax on those below the poverty line?
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I wasnt necessarily proposing anything. The topic came up about how some folks thought 62% was too much for people making over 400k a year.

I asked what they thought would be a better alternative and if maybe a flat tax for those above the poverty line would be better... along with closing loopholes. That was about the extent of the conversation and then you said it's too complex to do a flat tax.

I'm not trying to rewrite the US tax code in this thread I was just making conversation and seeing what options might be better than the current one in place lol
 
DMorgan said:
The first place they should start is closing all the fucking tax loopholes. Once they do that see how the shit works out and go from there. Raising the taxes without even closing the loopholes will never give a clear picture of what those people making that much money really should be contributing to taxes and if its fair or not.
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DMorgan said:
The shit that gets me more than niggas being inconsistent flip floppers is that even more niggas excuse in themselves what they won't excuse in others.

On top of that not even man enough to admit when the shit is pointed out to them.
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Inori said:
Id agree with this in conjunction with closing the loopholes but at the same time I dont think folks that arent making very much a year should be paying 28-35%. It should be a flat rate once you're above the poverty line imo.

I wonder how that loophole shit works. Are the loopholes only applicable after you make a certain amount? If not, what's stopping the average person from using these loopholes to not pay taxes outside of not actually having the knowledge/information?
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There is one loophole that works all across the board for everyone involved--

--DONATIONS.

As long as you can prove you donated to a cause, you can get that $$$$$ back come Tax Season. I tried that Years ago with a Benefit Concert when I was living in L.A. The show was $75 and I managed to keep the stub, but not for Tax reasons. When Tax Season came around, I remembered the stub, applied it to my Return, and received that $$$$$ back. Rich People do this shit all the time, and it's not because they're Philanthropists.
 
bootcheese3000 said:
There is one loophole that works all across the board for everyone involved--

--DONATIONS.

As long as you can prove you donated to a cause, you can get that $$$$$ back come Tax Season. I tried that Years ago with a Benefit Concert when I was living in L.A. The show was $75 and I managed to keep the stub, but not for Tax reasons. When Tax Season came around, I remembered the stub, applied it to my Return, and received that $$$$$ back. Rich People do this shit all the time, and it's not because they're Philanthropists.
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U got the whole $75 back??

I thought u only get back 10% of your write offs
 
The fact that Trump’s own son was comfortable enough to post that says a lot. Cube had good intentions but went about it in a assbackwards way at a point of the election where it wasn’t necessary. 50 just being 50 & probably doesn’t give a shit one way or another.

...but these niggas definitely brought the criticism on themselves & are fools to act surprised by it.
 
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