Warren Buffet: stop coddling the richest Americans

[HoreTore]

To me, tax rates should be linked to risk more than actual income.

When someone is starting up a business, they usually take on a lot of debt to get things started. That debt is also the big obstacle for people, as it represents a significant risk. That people shun starting up something because they'll be taxed hard should they succeed sojnds absurd to me. It's far more likely that people don't start up something because they're afraid of the risk they take in the first few years. Thus, I want a lower tax in that situation.

People with little risk, on the other hand, can be taxed harder. That means the people who have succeeded and those who have a comfy wage but does not take on the risk of creating something. For the former, it can be seen as a payback. We helped them with lower taxes in the beginning, now that things are going smoothly they can pay a little more. For the latter, it also creates an incentitive to take on risk.

But is this communism?

[Sarmatian]

To me, tax rates should be linked to risk more than actual income.

When someone is starting up a business, they usually take on a lot of debt to get things started. That debt is also the big obstacle for people, as it represents a significant risk. That people shun starting up something because they'll be taxed hard should they succeed sojnds absurd to me. It's far more likely that people don't start up something because they're afraid of the risk they take in the first few years. Thus, I want a lower tax in that situation.

People with little risk, on the other hand, can be taxed harder. That means the people who have succeeded and those who have a comfy wage but does not take on the risk of creating something. For the former, it can be seen as a payback. We helped them with lower taxes in the beginning, now that things are going smoothly they can pay a little more. For the latter, it also creates an incentitive to take on risk.

But is this communism?

Everything except 0% taxes on the rich is communism.

[Papewaio]

Company tax rates are a flat 30% on profit in Aus (there are some special case exceptions base do industry not profit margin).

It therefore makes sense for most people running a small business to give themselves an income upto the point they would hit more then 30% (which is 80k in Aus)... and reinvest the rest in the company.

[Strike For The South]

300k in Texas is king money, no matter where you live

I have an idea, How about we print money but don't tell anyone. Clear our debts and ride off into the sunset. Bernanke can make his runs from the Fed to the medicare office in the dead of night and when they employees arrive to work the next day money will be stashed under the water cooler like some bizzaro Xmas morning.

I know plenty of people who live in Oklahoma and work in Dallas

I would rather import all the Mexicans than 1 Okie HARUMPH