Seems to me that every single working American should pay his or her FAIR SHARE in taxes! Right around 15% sounds fair to me. So if this is what you make, this is what you pay.....
$10,000 per year = $1500 in taxes
$100,000 per year = $15,000 in taxes
$1,000,000 per year = $150,000 in taxes
Seems fair to me! Besides the actual percentage, why would or why wouldn't a flat tax be a good thing in this country???
2007-02-20 12:26:59 · 17 answers · asked by ? 4 in Politics & Government ➔ Politics
I would love that idea. The current tax situation is a freaking nightmare, it's so bad nobody can do their own taxes. Does that tell ya something.
2007-02-20 12:31:22 · answer #1 · answered by Anonymous · 3⤊ 2⤋
Actually, the flat tax would hurt the poor. Think about it.... 1500 for a person that makes 10K a year means A LOT more than150k to somebody that makes 1 mil a year. Flat tax would hurt a lot of people. However, since me and my wife do make a lot of money with our jobs and investments, we would love the flat tax. Bring it on!
2007-02-20 21:12:12 · answer #2 · answered by Kenneth C 6 · 0⤊ 0⤋
interesting yet it rather is an excerpt from internet site got here upon; ...a flat tax is probably no longer as honest as one might think of. a steady tax equipment does enable for issues like wealth redistribution, which many have argued is a substantial income to society. And a flat tax could additionally provide center classification families an extra burden. If somebody making a million in line with year has to pay 18% of his earnings in taxes, he nevertheless has netted $820,000 for the year, a determine which nevertheless has large paying for means. yet a individual making $50,000 in line with year is left with $40-one,000 in line with year; that distinction can effect economic judgements, like paying for a clean vehicle as against a used vehicle, whether to place a down fee on a house or affording the two a state college or inner maximum college, quite difficult for people who make closer to the national median earnings point.
2016-11-24 21:04:32 · answer #3 · answered by Anonymous · 0⤊ 0⤋
That would amount to a tax relief for the rich. Then the government will have to make up the lost revenues from the middle class and poor.
What is the rich person going to do with the money he saves? Buy a Ferrari, a yacht? Whereas the middle class and poor need that money to buy frivolous things like food and shelter.
2007-02-20 13:18:28 · answer #4 · answered by eric c 5 · 1⤊ 0⤋
Flat Tax critics love the current tax system because it is unfair and robs the wealthy. I don't know the actual tax figures, but I'll use some guesses to show what they like taxing at.
$10,000 per year = $100 in taxes
$100,000 per year = $12,500 in taxes
$1,000,000 per year = $200,000 in taxes
$1,000,000,000 per year = $600,000,00 per year
That about reflects the Immoral or so-called "Progressive" tax supported by leftists and other bigots who hate our most productive people.
We should make the unproductive pay their fair share. Then we'll see how much people love Big Government, whether of Leftist or Neo-Con flavors. The left hates flat taxation because its a sure fire way to kill Big Government within a few years.
Then everybody would pay less in taxes because the government would revert to its proper role as a defense-only organization and not a system for Socialists to push through Income Redistribution.
2007-02-20 13:04:50 · answer #5 · answered by Anonymous · 0⤊ 3⤋
A flat tax is regressive. Since there's a basic amount of money required for people to make ends meet, it is universally recognized that higher effective rates are fair for people that make more. Now the steepness of that curve is up for discussion, and I'd agree that that the Reagan-era cuts brought the highest marginal rates down (from the 70's to the 30's) to a reasonable level.
Government policy to avoid regressive taxes on necessities is the main rationale for no sales tax on food.
Certainly there's still plenty of room to restore fairness and simplicity to the tax code, including the elimination of dodges used by the rich, abolition of the AMT, and elimination of targeted corporate welfare in the form of tax breaks to favored industries.
2007-02-20 12:32:55 · answer #6 · answered by Mark P 5 · 4⤊ 1⤋
Because you cannot any for anything. It also hurts the poor much more then affects the rich in terms of remaining funds. If you put that there, most poor people would in be in a much worse situation. You do that to the rich, they gain money. If you can pay more, you should pay more. You should pay what you can afford. the rich can afford much more, so they pay more.
The curve is the best system. It also provides for a more level playing field to allow only the best to get the jobs, and allow anyone to get what they work for. isn't that the essence of conservatism?
2007-02-20 12:40:49 · answer #7 · answered by The Big Box 6 · 1⤊ 1⤋
Exactly. There's nothing wrong with the FLAT TAX, because all those people who cheat on their taxes will now double or triple the amount of money collected.
2007-02-20 13:20:58 · answer #8 · answered by silverleaf90210 3 · 1⤊ 1⤋
The wrong thing with the flat tax is that in order to pay for all the things all you flat-taxers like, like all those nuclear subs, aircraft carriers, stealth fighters, smart bombs, B-2 bombers, "star wars" pipe dreams, those $1-million-apiece Tomahawk missiles that you flat-taxers love to lobe at muslims whem you get angry, and all those splending little wars for oil, you would have to charge about a 40% flat tax on all Americans, and middle class people, such as yourself, would never go for that.
2007-02-20 12:31:45 · answer #9 · answered by Humuhumunukunukuapuaa 3 · 2⤊ 2⤋
I'm all for flat taxes or better still zero tax and only have corporate tax etc etc cover our services
2007-02-20 15:12:15 · answer #10 · answered by Anonymous · 0⤊ 0⤋