Bar Stool Economics

Smoke=Fire

gmill880

good read -

dutyje

It's definitely a good lesson. If you're going to beat up your rich drinking buddies, it's best to also take all their money so you can continue to pick up the tab.

These Filthy Hands

Interesting read.

Luko

I like it...it pretty well encapsulates my displeasure with our tax code. However, it's just a tad simplistic. The tenth guy can get lots and lots of breaks in our system, from write offs to things like TIFs and other incentives that just help make him more wealthy. But I definitely think the first four guys should STFU and enjoy this thing they got going.

kuzi16

i keep meaning to type out an idea for a tax that would be great. itll take to long to do right now... ill try and get it thursday.

Smoke=Fire

Luko:

But I definitely think the first four guys should STFU and enjoy this thing they got going.

LMAO

Wafflebob

Generally its a good post. And it's more or less accurate if true, but it's also true that it doesn't cover the write offs and things, or the various tricks some of the wealthy use to avoid paying taxes. I like the idea of lowering income taxes and having national sales taxes instead, but I wouldn't know how to go about implimenting such a thing or even how effective it would actually be in practice.

kuzi16

Wafflebob:

Generally its a good post. And it's more or less accurate if true, but it's also true that it doesn't cover the write offs and things, or the various tricks some of the wealthy use to avoid paying taxes. I like the idea of lowering income taxes and having national sales taxes instead, but I wouldn't know how to go about implimenting such a thing or even how effective it would actually be in practice.

even after the "tricks" and what not the top 1% are still paying over 50% of all income tax

gmill880

The "trick' was they were smart enough to get there in the first place!

urbino