U.S. Forest Restructuring Plan

[Mossback]

In a progressive tax system higher income brackets will always pay more in income taxes, however they also get the lions share of tax deductions...

Take this one

Who Benefits From The Mortgage Interest Deduction And Who Misses Out?

The mortgage interest deduction helps lower the cost of homeownership for millions of families in the US. It allows taxpayers to subtract the interest they pay on a home mortgage of up to $750,000 from their taxable income. This lowers their tax bill, helping these taxpayers save money.

taxpolicycenter.org

The real breaks aren't even in earned income of course, but for those who itemize, there's lots of deductions available for those who can, averaging 44k per return

Itemizing is heavily concentrated among higher earners; fewer than 6% of households earning under $100,000 itemize.

There's a lot to tax policy, far more to it than any thread on a fishing board can dig into.

If you have a job, get a paycheck, and think you're getting fucked when your AGI rate is 22% ($50,401 to $105,700 AGI), while Tesla paid just 0.4 percent of its U.S. profits in federal income taxes, which is another way of saying the company reported an effective federal income tax rate of 0.4 percent...

You're correct.

 

[Yard Sale]

Those in charge know this. They do it anyway, because the net effect is to their liking: people will quit, creating a knowledge vacuum that undermines federal programs. Set the system up for failure. Flood the zone

This is exactly it. The brain drain will be the legacy...

 

[nwbobber]

The social security "crisis" was known to be coming a long long time ago, and could have been avoided by an adjustment in the payroll tax rate, and also the payroll tax base, by raising the income cutoff number. As long as we allow a minimum wage that can't be lived on let alone save for retirement, social security is needed. at least if we want to look at ourselves as a humane society.
The Reagan administration shifted the Forest Service from a model in which the American taxpayer paid to administer a multi use system that wasn't just an industrial resource to a model in which it was expected to pay for itself through income it could generate, which mostly equals resource extraction. Personally I believe that having a National forest that was free for all Americans to use even if they can't afford a forest pass, or a camping fee was a good thing.
We now have an administration that is again working towards making the federal lands an asset to be used by the rich, and a bit less by the rest of us.
It isn't necessary, but that's who they are working for. I just read a thing Bill Gates wrote where he said we should have a tax on robots, so that the tax on wages that is lost every time a worker is replaced by an automated system, would not be lost. Taxes are necessary to keep government functioning. Bezos isn't hurting, but most of the retail workers who have lost their jobs to automated distribution systems like amazon are.

 

[Paige]

Ross Peroe wasn't to far off!
Flat 10% tex on every person, & 20% to every business, period, no deductions for anybody!

 

[Rob Allen]

wrong - the top 200 richest families in the US pay approx 16% of total taxes collected in the US.

The top 20% 350,000 and up pay 70% of all federal taxes
Aka rich people. Yes at 350,000+ per year you're filthy rich and that's awesome.

 

[Rob Allen]

Ross Peroe wasn't to far off!
Flat 10% tex on every person, & 20% to every business, period, no deductions for anybody!

I dunno about the percentages but the concept is right. If nothing else Ross Perot was a good man, at least by everything I have heard.

 

[Mike Cline]

“ Tax the rich and tax the corporations because we the general population are the ones who directly pay for roads, airports, shipping ports, social nets, public schools, etc etc through our personal and local taxes, which without there are no business owning billionaires.”

Statements like the above fail to recognize the historical nation building contributions enabled by individuals who risked their reputations, capital and livelihoods by investing in theirs and their communities future. A minor, but true story about one such man who became Montana’s 1st millionaire. In the post civil war era, a Bullwacker (aka truck driver) made his way to the gold fields of Montana and eventually amassed a fortune of $20,000, not a tiny sum at the time. Imagine at this point in his life if the government had confiscated all or most of his wealth because he was rich. Instead he took that wealth, made his way to Texas and purchased several 1000 head of Texas Longhorn Cattle. He successfully drove those cattle to Montana along the Bozeman Trail despite government efforts to impede him and immense risk of failure. It was 1866 and those cattle established the first Montana beef herd in what is now Paradise Valley. Bozeman was just a small village at the time and that beef fed not only the military but the population of a growing town in the Gallatin Valley. Of course he profited from his enterprise which enabled him to invest in other businesses in the area. As Bozeman grew, so did his businesses and his profits. Hundreds of employees and the general population of Bozeman benefited from those enterprises. Eventually he became a millionaire, not without his critics, but none the less a very rich man. As he built businesses, Bozeman thrived along with it’s residents. However one lasting legacy stands out—Montana State University. In 1893, he spearheaded efforts to establish a land grant college in Bozeman by donating $$$, land and buildings necessary to get the college started. He never stopped investing in the community, even as he migrated to Los Angeles, CA to continue a successful real estate career. That man was Nelson Story.

Imagine again however what would have become of Bozeman if the government had confiscated—as many in this forum have advocated—his wealth back in 1866 because he was rich.