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Re: A New Equal Rights Amendment for Taxation Nelson Hultberg July 4, 2016 

By: monkeytrots in CONSTITUTION | Recommend this post (1)
Sun, 08 Jan 17 4:18 AM | 190 view(s)
Boardmark this board | Constitutional Corner 		Msg. 21227 of 21975
(This msg. is a reply to 21224 by micro)
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Micro> Medical expenses ARE DEDUCTIBLE on the long form under schedule A if it exceeds a certain amount.

Yes, micro. I am aware of that. What is the 'exceeds a certain amount' for employee (employer pre-withhold payroll deduction - ie.hiding that it is actually part of the paycheck) amount ? What is the difference between direct cost or 'laundered' cost by washing the payment (minus HUGE profits) through so-called 'insurance companies' ?

That is the real point. The form-A medical exemption amount is HUGE - and is CAPPED, last time I checked.

BTW: You already pay over 15% in 'income taxes' - unless your income is well over 120,000k.




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The above is a reply to the following message:
Re: A New Equal Rights Amendment for Taxation Nelson Hultberg July 4, 2016
By: micro in CONSTITUTION
Sat, 07 Jan 17 9:10 PM 		Msg. 21224 of 21975

Professor

Medical expenses ARE DEDUCTIBLE on the long form under schedule A if it exceeds a certain amount. I have just not had any out of pocket medical expenses that qualified for that, but it does exist.....

Other than this, I simply have no use for a PURE flat tax that hurts the lower tier of income payers, (MIDDLE CLASS or less) or any other class of people......

I know that the top 2 percent of earners pay like 80 percent of the personal income taxes....

Well, that is getting bludgeoned.


I think we could set a percentage for various income levels that would be overall lower, and fairer.

Of course we then run into the definition of what is fair? And you know how that goes.....

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