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re: If the US enacted a true flat rate tax, what would be the ideal tax rate?
Posted on 1/25/14 at 10:18 am to stendulkar
Posted on 1/25/14 at 10:18 am to stendulkar
10%
1
Posted on 1/25/14 at 10:19 am to EST
39.5%. Hell if I gotta pay it, everyone else should too.
Posted on 1/25/14 at 11:22 am to TheHiddenFlask
quote:
Considering half of the people pay nothing or negative tax rates, you're an idiot.
You do realize that a large part of the flat tax is to clean that mess up right?
Of course you did.
Posted on 1/25/14 at 11:24 am to SmackoverHawg
quote:
39.5%. Hell if I gotta pay it, everyone else should too.
But you don't pay that on all of your income. Stop being silly.
Posted on 1/25/14 at 11:26 am to Gr8t8s
quote:
If you have a kid, you get a 0.5% deduction for each kid up until 2. If you own a home, you get a 1% deduction.
why?
Posted on 1/25/14 at 11:42 am to stendulkar
15% with no deductions and it applies to all levels of income.
Posted on 1/25/14 at 12:20 pm to The Easter Bunny
(no message)
This post was edited on 4/9/14 at 10:14 pm
Posted on 1/25/14 at 12:22 pm to stendulkar
quote:
If the US enacted a true flat rate tax, what would be the ideal tax rate?
100%. We'd need it high to make up for the 47% that don't pay tax. Now get to work!
Posted on 1/25/14 at 12:24 pm to stendulkar
15% income tax for individauls and people. Or the 9/9/9 plan
Posted on 1/25/14 at 12:29 pm to stendulkar
Saw this bumper sticker about 20 years ago. If 10% is good enough for God, it should be good enough for the Government
Posted on 1/25/14 at 12:32 pm to TrueTiger
quote:
Politicians are not that disciplined.
That's why a national sales tax passed as being the only tax allowable and the % rate would need to be passed as a Constitutional Amendment. Any other way and whatever tax and whatever rates will be political footballs eventually.
Posted on 1/25/14 at 12:36 pm to Gr8t8s
quote:
Why not?
Because if there are exceptions then it's not really a "flat" tax. If you allow one exception, DC will eventually make more and more and we would eventually end up right back where we are today, that's why.
Posted on 1/25/14 at 12:37 pm to stendulkar
What are the parameters of a "true flat tax rate"? Would someone living in poverty with children pay the same rate as someone that made millions? It wouldn't make sense to tax someone that would already be getting assistance.
Posted on 1/25/14 at 12:40 pm to Easy
quote:
What are the parameters of a "true flat tax rate"? Would someone living in poverty with children pay the same rate as someone that made millions? It wouldn't make sense to tax someone that would already be getting assistance.
Why not? They are using the system most but put the least into it. I'll agree that argument has some merit though. It's part of why I am more for a national sales tax.
Posted on 1/25/14 at 1:14 pm to wickowick
quote:
: Steve Forbes says 16%. But the key is NO deductions.
When you say no deductions you are not talking about business expenses. Right?
Posted on 1/25/14 at 1:58 pm to stendulkar
always been a fan of the Steve Forbes plan. He would have had my vote if he got the nod.
Posted on 1/25/14 at 2:00 pm to Bard
quote:
Why not? They are using the system most but put the least into it.
But now you're just being stupid for the sake of being stupid. With less net income they would need to use the system more. So they'd just be trading the money back and forth. So stupid.
Posted on 1/25/14 at 2:03 pm to highcotton2
quote:
When you say no deductions you are not talking about business expenses. Right?
Wrong. When I say NO deductions, I mean NO deductions.
Same with interest on mortgages; same on charitable contributions. NOTHING. That's how you can get it revenue neutral with everyone paying 16%.
Posted on 1/25/14 at 2:04 pm to stendulkar
Get rid of income taxes. Standard federal sales tax coast to coast. And that includes all internet purchases. No loopholes. I'm sure how to handle overseas purchases.
Posted on 1/25/14 at 2:05 pm to stendulkar
That depends on whose perspective you're taking, and whether or not the government would actually pass and stick to a budget without deficit spending. A lot of moving parts to just throw a number out as a swag.
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