California income taxes

Closed Thread Subscribe

Page 75 of 90

« First

Last »

Thread Tools

Search this Thread

03-26-2021, 11:11 AM

#741

Grumpyaviator

Gets Weekends Off

Joined APC: Nov 2012

Posts: 2,030

Quote:

Originally Posted by TransWorld;[url=tel:3211823

3211823[/url]]Will that work on aircraft flying on Mercury? Or would that be Icarus, who flew too close to the sun?

i thought it was putting solar panels on a mercury, which has a lot of surface area.

03-26-2021, 11:35 AM

#742

Seneca Pilot

Gets Weekends Off

Joined APC: Sep 2019

Posts: 1,538

Quote:

Originally Posted by Grumpyaviator

i thought it was putting solar panels on a mercury, which has a lot of surface area.

Yeah, this one. Might get you to the required 750 SQ. FT.

03-26-2021, 11:40 AM

#743

FXLAX

Gets Weekends Off

Joined APC: Nov 2017

Posts: 2,122

Quote:

Originally Posted by Bluesideup1

Actually no taxpayer subsidizes the EV market. It is an EV tax credit and people just get to keep more of their own money which is no different than a tax deduction on a home mortgage. Also Tesla and Chevy buyers don't even qualify for those tax deductions any more. Plus when the oil companies are given HUNDREDS OF BILLIONS in tax breaks and deductions every year there isn't much room to complain so I am all for getting rid of any deductions for both EVs and Oil companies. Then we can see what the true price of gas is.

Actually yes, a tax credit is still tax revenue not collected that has to be subsidized by other taxes. But I agree, we should get rid of all of these subsidies, electric, wind, oil, NG, farms, mortgages, student loans, etc.

03-26-2021, 11:47 AM

#744

OOfff

Gets Weekends Off

Joined APC: Sep 2016

Posts: 6,737

Quote:

Originally Posted by FXLAX

child tax credits

03-26-2021, 12:22 PM

#745

galaxy flyer

Gets Weekends Off

Joined APC: May 2010

Position: Baja Vermont

Posts: 5,197

Quote:

Originally Posted by OOfff

child tax credits

Yes, flat tax of 12% on all income over 1.5 times the median income, regardless of source. Inflation adjusted for capital gains.

03-26-2021, 12:30 PM

#746

OOfff

Gets Weekends Off

Joined APC: Sep 2016

Posts: 6,737

Quote:

Originally Posted by galaxy flyer

Yes, flat tax of 12% on all income over 1.5 times the median income, regardless of source. Inflation adjusted for capital gains.

a gift to high earners like that will and should go nowhere. Not to mention that it would dramatically increase the deficit.

03-26-2021, 12:41 PM

#747

galaxy flyer

Gets Weekends Off

Joined APC: May 2010

Position: Baja Vermont

Posts: 5,197

Quote:

Originally Posted by OOfff

a gift to high earners like that will and should go nowhere. Not to mention that it would dramatically increase the deficit.

Not if you cut spending dramatically. Besides the “tax” on our economy is spending, not taxes or the deficit. Anyway, how’s everybody being taxed equally a “gift”? Every tax “cut” since 1986 has pushed the tax burden to the rich, the bottom 50% pay essentially zero income tax.

Some facts instead of political BS,

https://taxfoundation.org/publicatio...come-tax-data/

03-26-2021, 12:45 PM

#748

Gone Flying

Gets Weekends Off

Joined APC: Sep 2015

Position: UNA

Posts: 4,653

Quote:

Originally Posted by OOfff

a gift to high earners like that will and should go nowhere. Not to mention that it would dramatically increase the deficit.

seems like it lowers everyone’s taxes except those taking advantage of tax loopholes. A flat tax on all income above a certain threshold seems fair to me.

I can understand your concern about the deficit, but no one in Washington seems concerned about that.

03-26-2021, 12:46 PM

#749

galaxy flyer

Gets Weekends Off

Joined APC: May 2010

Position: Baja Vermont

Posts: 5,197

Envy is no way to run a democratic republic. Thou shall not covet is not just a good idea, it’s a commandment..

03-26-2021, 12:55 PM

#750

OOfff

Gets Weekends Off

Joined APC: Sep 2016

Posts: 6,737

Quote:

Originally Posted by Gone Flying

it dramatically lowers taxes on high earners, and there’s not much way to cut trillions out of our national budget, despite empty chants of “just cut spending.”