Dodgers Owners- Made $108 million over 4 years. Taxes? $0.00

http://www.latimes.com/business/la-fi-hiltzik24-2010feb24,0,5865964.column

www.fairtax.org

Its weird, bookkeeper at work said that we pay more taxes than our boss for some reason.

 

we need the rich to be tax free so they can give us jobs

 

Flat Tax!

 

make the rich pay less and the poor pay more! WOO!

 

Everyone should pay the same percentage.

 

I think she was speaking hypothetically.

 

abolish the irs and then flat sales tax.

 

I think there should be a small flat income tax as well.

 

Ugg...I wish people actually understood what a flat tax is. If the only thing we did was institute a flat tax, the owners in the original story would still pay $0 in tax.

The problem isn't the tax rate, it's the deductions and legal loopholes which a flat tax does nothing to fix...

 

Well, I would support eliminating the loopholes and deductions across the board. Every single one of them.

 

It's called our "activist tax code". That's how the government controls behavior. They want people to buy houses, they make loan interest deductible, they want companies to make capital investments, they change the rules for expensing the investments...

Problem is in most cases these encouragements don't work exactly as intended and they also lead to abuse. I'm always in favor of radically reducing these things...

I dislike the flat tax, though. You'd fix the problems of companies not paying anything by just wiping the tax code clean...

 

Do it!

 

I thought you were self-employed or something.

In any case, Warren Buffet has noted in the past that, using legal methods, he actually pays less taxes than his secretary who makes 70k/year or something.

 

I have a day job and freelance.

 

Wrong.

A flat tax has no loopholes and no deductions. Every cent that comes thru the door is taxed. Because no much money does come thru the door the tax is very small.