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re: If America were to implement a flat income tax what would it need to be?

Posted on 2/12/19 at 4:45 pm to
Posted by CamdenTiger
Member since Aug 2009
62544 posts
Posted on 2/12/19 at 4:45 pm to
I’ve looked at this before, and seen 23% and 17% come up the most. Heck, compromise at 20, and I’d be OK with it
Posted by novabill
Crossville, TN
Member since Sep 2005
10465 posts
Posted on 2/12/19 at 4:47 pm to
quote:

I’ve looked at this before, and seen 23% and 17% come up the most. Heck, compromise at 20, and I’d be OK with it



How much would prices come down if the taxes were removed from the cost of the production and delivery of the end product?
Posted by upgrayedd
Lifting at Tobin's house
Member since Mar 2013
134900 posts
Posted on 2/12/19 at 4:49 pm to
quote:

I’ve looked at this before, and seen 23% and 17% come up the most. Heck, compromise at 20, and I’d be OK with it



I think current tax revenue is 17% of GDP so I assume that's where it comes from
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