ST Alpha - "Don't worry, we're going to do away with all deductions and implement a flat tax. -- nm" (Reading a Post)

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In response to "Lyc, annoyance for the day: day camps may be considered deductible dependent care expenses. Overnight camps are not. -- (edited)" by znufrii

Don't worry, we're going to do away with all deductions and implement a flat tax. -- nm

Posted by ty97 Nov 13 '24, 08:13

(No message)

Responses:

I can't see that. That would mean that the stratospheric incomes would actually pay some degree of meaningful taxes. -- nm - JD Nov 13, 08:15 9
- They’ll exempt capital gains, etc., and only tax “earned” income, if I had to guess. -- (edited) - znufrii Nov 13, 08:17 8
  - Well, shoot. Can I get a list of rich but not famous women? - JD Nov 13, 08:22 2
    - No. No you cannot. -- nm - znufrii Nov 13, 08:24 1
      - That. Sounds. Like. A. Challenge. - JD Nov 13, 08:32
  - oh my -- nm - Pippy aka Desparada Nov 13, 08:20 4
    - Or at the very least would continue to be taxed at reduced rates compared to wages. No way they tax it at ordinary rates, flat or no. -- nm - znufrii Nov 13, 08:21 3
      - So it is like flat but with exceptions for augmentation if one can afford it? -- nm* - JD Nov 13, 08:23 2
        
        Flat for thee, but not for me. -- nm - znufrii Nov 13, 08:32 1
        
        Great. So when this happens, I'm going to have it stuck in my mind as the Bimbofication flat tax -- nm - JD Nov 13, 08:33
Ugh. -- nm - znufrii Nov 13, 08:14

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