What do you think a fair percentage rate would be for a flat income tax in the USA and why?
Gee Wayne, to answer that properly will take a little research. I will have to get back with you
Since a flat tax is inherently unfair, the only fair percentage would be zero percent.
A flat tax is a regressive tax, which means it harms the poor more than the rich, proportionally. This is largely because the poor spend a greater portion of their total income than the rich.
The rich save a greater proportion of their income than the poor. Not just in total dollars, but in proportion, as a percentage of their total income.
In addition the poor spend a greater percentage of their income on essentials like clothing, food and rent.
8% military and 5% administration tax and a 5% sale tax and that it, no paying for tax return. 2% for grant and all and a flat 15% corporate tax and a 10% self employment tax. the government collect the money and run the government and the people keep the country moving without so much going for taxes.
The income tax is inherently wrong, in that it grants politicians the power to interfere in b usiness, in your life, etc.
Thus, NO income tax is "fair". It should be abolished, and replaced by a sales tax.
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