2007-12-20 01:20:30 · 7 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
Yes. We should implement the fair tax. That would put each citizen in charge of how they spend their money and how much they are taxed because it is based on how much you spend.
2007-12-20 01:40:54 · answer #1 · answered by Jackson D 3 · 0⤊ 3⤋
What makes you think that the IRS would go away? Who would collect the tax?
FYI, a falt tax would cost you a PILE of money unless you are very wealthy. It would have to be levied at 27% or so to raise the same revenue as the current graduated system does. Most taxpayers pay income tax at a MUCH lower net rate than that -- most are comfortably under 20%.
2007-12-20 10:50:49 · answer #2 · answered by Bostonian In MO 7 · 0⤊ 0⤋
First of all, no matter what type of tax system we have, we will need collection and enforcement. The best you could hope for is a renamed IRS but you will never eliminate it.
Secondly, a flat tax is extremely regressive. It shifts the tax burden down from the rich to the poor and middle class.
Like it or not, the best tax system that there is is a progressive income tax.
2007-12-20 09:47:23 · answer #3 · answered by Wayne Z 7 · 1⤊ 0⤋
YES!!!! It would simpify the tax code and save all of us time come April every year. Plus it would make a fair tax system by not hitting up income levels at different tax rates.
2007-12-20 09:29:01 · answer #4 · answered by tiggs1515 3 · 3⤊ 3⤋
The "villain" is not the IRS. The politicians are responsible for the mess.
2007-12-20 13:16:22 · answer #5 · answered by r_kav 4 · 0⤊ 0⤋
Yes. It's easy and it's fair.
2007-12-20 09:29:20 · answer #6 · answered by ? 6 · 2⤊ 3⤋
no. why would you want to ruin the economy?
2007-12-20 09:30:26 · answer #7 · answered by jibba.jabba 5 · 2⤊ 1⤋