Flat Tax VS Income Tax (program, federal, Senate, rates)

[cometclear]

Originally Posted by Frank DeForrest

That's right.
I don't want the government to have a more efficient way of stealing er uh collecting revenue, i want to to starve the beast.

Correct, because if the government isn't collecting enough revenue, it will stop spending. That's why we've had balanced budgets forever. It can't spend money it doesn't have, right?

[Pruzhany]

Originally Posted by cometclear
... presumably to devote more resources to the system in collecting such taxes ....

They can buy a copy of TurboTax.

[oberon_1]

America will collapse.
Even if fed sales tax revenues will equal those from income tax (and the percentage needed may exceed 25%) it will be an incentive to stop spending. That in turn, equals the end of our economic system.

[Oldhag1]

I think it is very problematic that almost 50 percent of Americans pay no taxes. It is also problematic that many receive a "refund" of more money than they have paid in. It's just another form of income redistribution and ought to called what it is instead of a refund. If I had my way, everyone would pay at least a dollar, even if they earned nothing. People should feel they have an obligation to support their nation. That said, a flat tax or national sales tax unfairly impact the poor. It is so much easier to afford $100 if you make $1,000 a week than $10 if you make $100 a week.

[313Weather]

Originally Posted by Oldhag1

I think it is very problematic that almost 50 percent of Americans pay no taxes.

That's not true.

[Pruzhany]

..... than $10 if you make $100 a week.

If many of them can afford a pack of cigarettes per day(avg $8), then they can afford the $10 per week.

[bluesjuke]

Originally Posted by freemkt

So you'd like to tax poverty-level incomes?

You don't believe in equality and fairness?

[cometclear]

Originally Posted by Oldhag1

I think it is very problematic that almost 50 percent of Americans pay no taxes. It is also problematic that many receive a "refund" of more money than they have paid in. It's just another form of income redistribution and ought to called what it is instead of a refund. If I had my way, everyone would pay at least a dollar, even if they earned nothing. People should feel they have an obligation to support their nation. That said, a flat tax or national sales tax unfairly impact the poor. It is so much easier to afford $100 if you make $1,000 a week than $10 if you make $100 a week.

There is nary a single functioning adult in this country who does not pay taxes.

I'm interested in this concept of paying for things with money when one has no money, mostly because if you can somehow produce money out of nothing to pay for things, you can also produce money out of nothing and not have to pay anyone for it.

Wait a second, do you work on Wall Street?

[bluesjuke]

Originally Posted by Little-Acorn

And wouldn't be close to enough to pay for our big-government spending.

A flat rate of about 60% would probably balance our budget.

Do you think that, just maybe, we need to reduce spending instead of changing the way we are taxed?

Maybe the government can just get our whole pay by direct deposit and return to us the part that they think we need......likely 15%.

Maybe the tax we pay on our SS tax can be increased too while they are at it.

[Darthfrodo]

Originally Posted by joebaldknobber

The flat tax will cause everyone to buy high priced items in Canada or Mexico without high taxes.

The Flat Tax will will create a new type of organized crime that makes Al Capone look tame.

A flat tax is an income tax, not a sales tax, buying things in Canada or Mexico won't save them a penny.

I'm in favor of a flat tax, on all income including capital gains. No hiding it overseas.