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Would you be against a flat tax rate?
Posted on 2/20/20 at 2:34 pm
Posted on 2/20/20 at 2:34 pm
Everyone pays the same x% of their income in taxes.
Posted on 2/20/20 at 2:38 pm to thadcastle
I'm not opposed to some gradation.
5% on first 50k.
6% on next 50k.
7% on everything above that.
5% on first 50k.
6% on next 50k.
7% on everything above that.
Posted on 2/20/20 at 2:39 pm to thadcastle
quote:
Everyone pays the same x%
Nope. Somebody whether it be the poor or the rich would get an exemption somewhere somehow. People making 30,000 a year aren't going to want to pay 15% taxes and politicians will see to it that they don't.
Posted on 2/20/20 at 2:41 pm to thadcastle
quote:
Would you be against a flat tax rate?

Posted on 2/20/20 at 2:44 pm to thadcastle
Nope. I would also prefer taxpayers pay taxes directly to the government instead of through the employer.
Posted on 2/20/20 at 2:44 pm to thadcastle
A flat tax is what we should have. Everyone pays the same percentage with no exemptions.
Posted on 2/20/20 at 2:45 pm to thadcastle
quote:
Everyone pays the same x% of their income in taxes
Are we talking about all taxes or still pretending the money from FICA is not a tax?
Posted on 2/20/20 at 2:45 pm to thadcastle
Eh. The flat tax is a little complicated in execution. It would be preferable to our current system by leaps and bounds.
Posted on 2/20/20 at 2:46 pm to Dawgfanman
Why not a really fair tax? Take the required operating income divide by total population (every man woman and child) and everyone pays their “fair share”?
Posted on 2/20/20 at 2:47 pm to thadcastle
Yes. It would be a massive tax increase on the middle class.
Posted on 2/20/20 at 2:47 pm to thadcastle
Absolutely a great idea. What's good enough for God is more than good enough for government.
Posted on 2/20/20 at 2:51 pm to thadcastle
Id prefer a consumption based tax
Posted on 2/20/20 at 2:51 pm to thadcastle
quote:
Would you be against a flat tax rate?
On ALL income, including income derived from capital gains?
Posted on 2/20/20 at 2:53 pm to thadcastle
quote:
Everyone pays the same x% of their income in taxes.
Not at all, as long as:
1) this is for all federal taxes (including payroll takes) and is no more than 20%
2) $7,500.00 per person in household is untaxed. Thus, for family of 4, first household $30k is not subject to tax.
3) If #2 results in zero tax liability, you are required to pay $250.00 per person for taxes.
4) Health insurance premiums, home mortgage interest and up to $10k of combined state/local taxes are 100% deductible and added to the $30k in determining taxable income subject to the flat tax.
This post was edited on 2/20/20 at 2:58 pm
Posted on 2/20/20 at 2:54 pm to Boatshoes
quote:
Absolutely a great idea. What's good enough for God is more than good enough for government.
And even for God, it is a suggestion, not a commandment.
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