“Roughly 47% of households will not owe any federal income tax..Why? (salary, poll)

[InformedConsent]

Originally Posted by Smash255

Are you in favor of the mortgage interest deductions, property tax deductions, and child credits??

No. I'm in favor of a flat tax.

[InformedConsent]

Originally Posted by EinsteinsGhost

In fact, didn't Adam Smith talk about fairness of burden?

We've had this discussion on C-D before. Smith addresses that concern specifically through the real estate tax...

"The necessaries of life occasion the great expense of the poor. They find it difficult to get food, and the greater part of their little revenue is spent in getting it. The luxuries and vanities of life occasion the principal expense of the rich, and a magnificent house embellishes and sets off to the best advantage all the other luxuries and vanities which they possess. A tax upon house-rents, therefore, would in general fall heaviest upon the rich; and in this sort of inequality there would not, perhaps, be anything very unreasonable. It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion." - Adam Smith, The Wealth of Nations

Notice how he discusses taxing the rich in proportion to their income - a flat tax - and endorses the property tax as a way to get the rich to then pay more than others in property taxes. The more valuable the home/property, the higher the tax one must pay. Very much like the system we have now.

[Smash255]

Originally Posted by InformedConsent

No. I'm in favor of a flat tax.

So your in favor of screwing the poor in order to help the rich??

[HappyTexan]

Originally Posted by Smash255

So your in favor of screwing the poor in order to help the rich??

10% of 20K is less than 10% of 100K is less than 10% of 1M

Seems fair to me. You work, you contribute.

[Smash255]

Originally Posted by happytexan

10% of 20k is less than 10% of 100k is less than 10% of 1m

seems fair to me. You work, you contribute.

mass deficits nice......

[InformedConsent]

Originally Posted by Smash255

So your in favor of screwing the poor in order to help the rich??

No one is screwed. Everyone (who earns income) pays a proportionate amount. Everyone has skin in the game.

[Smash255]

Originally Posted by InformedConsent

No one is screwed. Everyone (who earns income) pays a proportionate amount. Everyone has skin in the game.

Yes, the poor get screwed BADLY so do the middle class.

[HappyTexan]

Originally Posted by Smash255

mass deficits nice......

Well cut the spending so that the government lives with it's budget.
You want more programs..then you pay more tax.

Mandated balanced budget.
Flat tax.

No more deficit spending.

[Smash255]

Originally Posted by HappyTexan

Well cut the spending so that the government lives with it's budget.
You want more programs..then you pay more tax.

Mandated balanced budget.
Flat tax.

No more deficit spending.

Do you realize how much you would need to cut to get this 10% thing?? No roads, gut the Military, etc.

[HappyTexan]

Originally Posted by Smash255

Do you realize how much you would need to cut to get this 10% thing?? No roads, gut the Military, etc.

Fine..go 20% tax. We only need a military for defense.
Invading other countries is over and above what we fund our military to do.