Comments by "Goose" (@goose7574) on "Steve Moore outlook on US economy under Trump administration" video.
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People are actually paying "too" much in taxes.
If the Government wants to actually collect money each year from individuals and businesses, they need to make things reasonable.
If they made the rate for individuals flat, all the way across the board (but then offered the tax credits like they do for children, low income, etc), I personally think that things would work a lot smoother. When you have taxes INCREASE, as in the income INCREASES, it some cases, in actually defeats the purpose of making more, because in some cases (for some years), if you were in the middle class, didn't qualify for any credits, or insurance premium discounts, etc., after taxes, you'd end up pretty close to those lower class individuals (who then also qualified for other subsidies).
If we taxed EVERYONE say 10 Percent (which will seem CRAZY to many), not only would it help the people with being able to keep more of their income, it would ACTUALLY get the wealthy to pay their fair share, versus taxing them out the @$$ because they decided to work hard, invest when they could, etc, etc. Not every wealthy person was "born into it." There are still many, who've just worked extremely hard to get there.
Also, if the tax rate was a certain amount, this would ALSO help the employer as well, because they would know that the employee is able to keep more of their money, thus, they wouldn't have to increase the minimum wage drastically (to over compensate for the loss of income in taxes).
People don't realize that you can't just increase the the min wage or jump it up mutiple dollars (there's a reason it "USUALLY" gradually goes up). People don't think about the Business Owners... And No! I'm not talking about the GIANT business owners like Amazon, Google, Facebook, etc.
I'm talking the smaller businesses (say 50 employees or less... Or heck, even 25 and under) who would be severely hurt if they had to increase the min wage by at least $1-3+ dollars an hour (depending on what it is where people live right now, and if it were mandated ALLLLLLLLLL across the nation to go to like $15/16 an hour) PER EMPLOYEE...
In fact... Here's a question for people commenting:
What's your state and what is the current min wage?
I don't know mine, because I don't get paid hourly.
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