Taxes on Rich People?

Out of context: Reply #7

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• Amicus0

  Taxes need to be simplified. It's probably the easiest area to create productivity gains for every single industry sector out there.

  Individuals - x amount not taxed. everything else taxed at the same rate with no (or very few) deductions.

  Businesses - taxes must be based on a per transaction basis not profits. 2 levels:
  – startup less than 5 years or $2million turnover) x amount.
  – established slightly higher rate.

  Consumption
  • energy efficient / fresh food – low rate
  • energy inefficient (low star rating appliances etc) – high rate
  • proven medical risk products (alcohol, tobacco, high heels ;) etc ) – high rate
  • energy producing or water saving – low rate

  Amicus 0Permalink

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  • hahaha.. why are you suggesting to complicate the system in order to simplify it?raf
  • This is not complicated compared to the thousands of pages of tax laws that all developed nations now have.Amicus
  • i can already hear every other industry screaming "Thats not fair" with your lawsakoni

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