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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.
by GA Anderson2 years ago
Much is heard of a demand that corporations and the wealthy pay their "fair share" of taxes, but I have heard little of what that share should be.With only a single restriction; that the discussion is about...
by Paul Swendson7 years ago
I'm no economics expert, but I've noticed that people from all sides of the political spectrum don't like the American tax code. Republicans always want to cut taxes, and Democrats want to close loopholes.It also seems...
by GA Anderson15 months ago
First, a little housekeeping;Recent comments by Wilderness and Live to Learn prompted me to refer to an old thread by My Esoteric.The motivating comments related to what a "Fair" taxation structure should be.I...
by Alex J. Reissig5 years ago
Would you support a flat 15% income tax?Would you support a flat 15% income tax in this country? Other than a personal deduction (possibly in the neighborhood of 25k per individual/50k per couple) there would be...
by safiq ali patel5 years ago
From January 1st 2013 Taxes in the United States of America go upwards. People in the United States of America will pay higher taxes from this day. What is your opinion of these Tax Rises?
by Nick Lucas6 years ago
I don’t understand this concept that Obama and many liberals keep clinging to…..So allow me to make it simple. If everyone is taxed at say 10% people who make more do pay more as 10% of a greater amount is...
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