What income tax rate do you consider to be too much?

[tai38]

I'd say around 42% for the highest income earners (Not 250k, were talking billionaires) taking more than half of someone's earnings just feels... Wrong, in my opinion. It's true that income inequality is real problem. Still, assuming they're not Bernie Madoff they probably earned it honestly. Plus, they only keep a fraction of that after income tax, corporate tax, property tax, payroll tax, other taxes, paychecks, workers benefits, matinence, insurance, bills, legal fees etc. We have numerous antitrust and monopoly laws to prevent unfair business practices and an IRS to catch tax evasion. What I am for is introducing additional tax brackets beyond 250k, and balancing it out accordingly. I also think we should get rid of corporate loopholes and impose the Buffett Rule. Tax evasion isn't cool, it's robbing Uncle Sam and not helping us pay off the national debt the republicans are so ardent about paying off. Anyone agree with me?

BQ: How would you reform the tax system?

[camdin90]

I think we should have the lowest personal, corporate, estate, and capital gains taxes in the world.


If we would stop giving away billions of dollars we wouldnt need to illegally tax our citizens so much.


I will go with the flat tax but NO vat tax.

No more then 15%

Why should ANYONE work for 1/2 their work day to pay the federal or state governments?

[orson19]

Roll back our income taxes to the 1986 codes under Reagan where 28% was the top tax.

Cut the corporate taxes to 9%.

Get rid of all state sales taxes and inheritance taxes as well.

[hussein]

15% flat tax on all income - personal, capital gains and corporate.

First $23,000 in income exempt.

No other exemptions or deductions.

[lundie]

50% should be more than enough.

But I'm getting blasted more than that with all the combined taxes and fees.

[kendell]

It depends on how much I make.