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Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth -- Ignore unavailable to you. Want to Upgrade?

To: geode00 who wrote (143642)	10/28/2008 11:42:37 AM
From: TimF	Read Replies (1) \| Respond to of 173976

You keep going off on tangents You have it exactly backwards. I've been making a very simple point and sticking to it. The people responding to me (including you in the post I am replying to) have gone off on all sorts of tangents. Sometimes I reply to the tangent, but I always get back to the point. If corporations are taxed on profits and not revenues, maybe we should start taxing people on profits and not revenue either. If you have a job, then you have income, but not any profit in the normal sense of the term. Are you arguing for no income taxes on individuals? If so that is in some ways a good idea but its not really practical. You would lose over a trillion in revenue. let's tax on how much of that is left over after all expenses for keeping said individual up and running to work everyday. People's profits technically wouldn't include most of their income, but if you want to consider any earned income to be profits, then all of their income might reasonably be considered profits. Except maybe interest on debt (which corporations can deduct, but individuals can only deduct mortgage interest) In any case we actually have something somewhat like your idea. The amount needed the bare amount needed to survive effectively isn't taxed. Over 30% of people have no net income tax burden. And the other 70%, don't pay income tax on the first chunk of their income.