Comments on: The Ultimate Solution For A Fair Income Tax Policy In America

By: Terry Pratt

Terry Pratt — Fri, 06 May 2011 07:28:19 +0000

Okay, I’d like to flip this question and would like a sincere answer (no sarcasm, please) from Sam:

For a decade I lived in a rental house which was subject to a “nonhomestead” property tax. Because I regarded this as an unfair tax – it was levied on the house in whic I lived but was not levied on the owner-occupied house next door – I voted against it whenever it was on the ballot. (Like other millages, it required periodic renewal by voters.)

Since owner-occupied homes are exempt from the tax, homeowners regarded the tax as free money and voted for it by huge margins.

Sam, should homeowners have the right to vote for higher taxes (nonhomestead tax) on others if they do not own any nonhomestead property subject to the tax?

By: MoneyCone

MoneyCone — Mon, 24 Jan 2011 22:29:19 +0000

Hey if we started discriminating, we’ll have no one to vote for! ;)

By: Most People Make A Lot More Money Than You Think | Financial Samurai

Most People Make A Lot More Money Than You Think | Financial Samurai — Mon, 24 Jan 2011 14:35:41 +0000

[...] and bitter people all around. They are afraid they will be hunted down by organizations who will tie you up and burn you at the stake. You don’t know how many conversations I’ve had with people who are just so agitated [...]

By: Does My Vote Matter? | Financial Samurai

Does My Vote Matter? | Financial Samurai — Wed, 03 Nov 2010 01:28:57 +0000

[...] Remember, if you are one of the 47% of Americans who don’t pay taxes, please have mercy on those who do pay taxes by not voting on someone who wants to raise our taxes [...]

By: Tax Avoidance, Double Irish and Dutch Sandwiches! | Everyday Tips and Thoughts...

Tue, 02 Nov 2010 00:08:36 +0000

[...] you ever read articles such as Financial Samurai’s that state many people get away without paying taxes (or a minimal amount), and wonder how they do [...]

By: Benjamin Bankruptcy

Benjamin Bankruptcy — Thu, 07 Oct 2010 01:57:39 +0000

I’m a vegetarian and wear leather shoes. I bought them in 2001 when I wasn’t a vegetarian. I think it’s ridiculous to throw out the shoes because i’m vegetarian, I’ll merely wear them till they wear out.

Here in Australia we have a top tax bracket of 47% that kicks in at 150k per annum AUS $ = US $ at the moment. for every dollar above that the governement gets half.

Personally I think flat tax rates and consumption taxes are more equitable and encourages individuals to earn more.

By: Renters Should Pay More Taxes | Financial Samurai

Renters Should Pay More Taxes | Financial Samurai — Wed, 22 Sep 2010 13:54:03 +0000

[...] is the American way for all citizens to pay their taxes, except for the 47% people who don’t. So why is it that homeowners, many of whom initially struggle to pay their mortgages, have to [...]

By: The Four Different Ways To Spend Money By Milton Friedman | Financial Samurai

Thu, 09 Sep 2010 04:59:16 +0000

[...] who disagrees with the government’s unemployment insurance extension, but agrees with the cessation of rising taxes, highlights a fantastic video by the great economist Milton Friedman about four different ways of [...]