Do you believe in a federal income tax of 10% for everyone?

Answer 1

Bamma say yesssssssssssssssssssss. Bamma say it's only fair. Bamma say no income tax. Bamma say 10% sales tax on everything. Bamma say people be happy again. Bamma say less suicide. Bamma say no rich cheaters. Bamma say never happen. Bamma say country ruined. Bamma say he dunno he's Turk. Bamma like question anyway. Bamma otta know.

Answer 2

Well, no. For the low income people, that would be a tax INCREASE, which doesn't seem right. And the really rich would save a bundle. OK, I'd save a fair amount - that doesn't seem right either.

And 10% wouldn't give anywhere near the revenue that's collected now (see even the numbers the fairtax people have come up with) - how would the government run?

Answer 3

I think if a 5% flat tax was put into law( 5% regardless of your income) the government could pay off the national debt and provide us all with free health care--but the catch is the big business making $500,000,000.00 per year would pay the 5% the same as the working Joe that makes $15,000.00 per year.
The tax load would be evenly carried by all ---yes even the govt. officials would get to pay 5%

Answer 4

I think Bamma is a little bit on edge there...At any rate, the 10% tax rate would theoretically be ideal and appears to be common sense. But do you think the government has ever operated on common sense - no. Over time, there have been so many actuarial estimates on the benefits of various tax consequences, the whole taxation scenario has become so convoluted, I don't think people know where it begins and ends.

Answer 5

The theory is nice...the adoption and execution of such a program might prove to be a headache, though. I pay 28%, so I'd personally be in favor of paying 10%, but would that raise enough cash to run the nation?