Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Get rid of all the taxes(including the fascist IRS) and have a national sales tax. That way ALL money gets tax, including all the money floating around on the black market(i.e. drugs, gambling, prostitution, etc.) no loop holes, no deductions.
I love how people think a flat tax is a great idea. Turns out current total tax rate by quintile is pretty flat actually. But they don't mean that...they mean a flat tax on Federal, all the other taxes and fees are just fine. Just fine. no need to change those. Nope! gas tax, registration, fees etc etc etc.
the flat tax has been proven to work in many, many, countries. There should be no tax for anyone earning less than $25k, 15% up to $1M, and 26% for the uber wealthy. There should be two deductions - mortgage interest and donations
We could all do our taxes on a post card, and the government would be forced to function within a finite budget.
Quote:
Originally Posted by greywar
I love how people think a flat tax is a great idea. Turns out current total tax rate by quintile is pretty flat actually. But they don't mean that...they mean a flat tax on Federal, all the other taxes and fees are just fine. Just fine. no need to change those. Nope! gas tax, registration, fees etc etc etc.
This propaganda brought to you by the .01%
We back a flat tax that wipes out ALL other federal taxes. All loopholes gone.
Get rid of all the taxes(including the fascist IRS) and have a national sales tax. That way ALL money gets tax, including all the money floating around on the black market(i.e. drugs, gambling, prostitution, etc.) no loop holes, no deductions.
Soooo...question.
Does this include stocks?
Rents?
Buying a house?
stock compensations? At what valuation?
If your answer is "yes it does" I have some respect for what you're saying. If your answer is "of course not" then you're just looking at more of the same with exceptions and loopholes slowly moving in.
Does this include stocks?
Rents?
Buying a house?
stock compensations? At what valuation?
If your answer is "yes it does" I have some respect for what you're saying. If your answer is "of course not" then you're just looking at more of the same with exceptions and loopholes slowly moving in.
I don't know about rent, but I wouldn't have a problem applying a sales tax to stocks and buying houses and land.
the flat tax has been proven to work in many, many, countries. There should be no tax for anyone earning less than $25k, 15% up to $1M, and 26% for the uber wealthy. There should be two deductions - mortgage interest and donations
We could all do our taxes on a post card, and the government would be forced to function within a finite budget.
We back a flat tax that wipes out ALL other federal taxes. All loopholes gone.
LOL. Sooo a system similiar to what we have now, but with no deducts?
Oddly enough....im ok with this.
Peg the numbers to inflation though. And remove the mortgage interest and donations. Seriously, keep it simple.
Income:
subtract 25K If 0 or less done.
if less then 1 million, multiply by 15%-thats your tax. Done
subtract 1 million
Multiply balance by .26%, add 150K, thats your tax: Done
Everyone fills out a post card.
Sounds awesome huh?
Except.....I can see loopholes. OMG huge one.
Company provides a company home to live in. Chef, and expense account-with a 2K per diem.
I don't know about rent, but I wouldn't have a problem applying a sales tax to stocks and buying houses and land.
Sorry but rent shouldn't be excluded. Seriously, once you begin to make exceptions it just opens the door.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
