@Debra Law,
Debra Law wrote:Poor ican. You fail to understand that a FLAT rate of income tax rather than a progressive rate would place a far greater disproportionate burden on the middle class (than it would on the richer classes) with respect to funding our public purse.
Poor Debra Law. You fail to understand that I, ican, a member of the middle class, knows full well that a FLAT rate of income tax rather than a progressive rate would place the same burden on every dollar of middle class income that it would on every dollar of richer class income with respect to funding our public purse. If the flat tax rate were to be less than 8% of my gross income, my dollars of income would be taxed the same as they are currently. If the flat tax rate were to be 15% of my gross income, my dollars of income would be taxed more than they are currently. If the flat tax rate were to be greater than 15% of my gross income, my dollars of income would be taxed even more than they are currently.
First, in any case, the richer classes would be taxed at a lower rate than they are now so that they can have more incentive to better build our economy and provide my grandchildren more opportunities to become members of the richer classes.
The resulting increase in my income taxes, if any, is a cheap price to pay to achieve that.
Almost all I have possessed, all I possess now, I possess because of what I have sold to the richer classes (e.g., my services and/or my production). For me to have
envied rather than
emulated those more accomplished than I, would have cost me dearly.
Second, in each case of a flat tax, the federal government's elected officials would have far less ability to bribe the majority of voters to vote for them by making only the richer classes pay for those bribes. The resulting increase in my income taxes would lead the federal government's elected officials to focus more on improving the general welfare of the United States of America rather than the welfare of only some of its residents.
The resulting increase in my income taxes, if any, is a cheap price to pay to achieve that.