US Tax System explained

@Silverchild79,

Short Comings could be made up by calling in a few loans (granted they wont get paid but it will be on paper thus allowing hands on dollars to be freed up without going to the presses and causing inflation.

Keep in mind I am only slightly educated past highschool, and have NO political training, my ideas seem TO ME the way to go, but then again on PAPER communism looks good. LOL

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@Silverchild79,

the people who oppose the flat tax are the poor.

theirs actually ends up going up, and the rich goes down.

surely, they aren't going to make the poor pay 33% like the rich do.
if it all evens out aroun 20%, the poor get owned, and the rich get a break

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@briansol,

15-18 % should do it for all people brian.

especially since corporations would be paying that same 15-18%

And you know very well Brian that a large percentage of the poor have never voted. So why would anybody care what they think about a issue to begin with?

This is a very bad argument against the flat tax you have given Brian.

I am surprised! You usually show some logic in your posts and what you have said here is not logical at all.:thumbdown:

briansol;36657 wrote:

the people who oppose the flat tax are the poor.

theirs actually ends up going up, and the rich goes down.

surely, they aren't going to make the poor pay 33% like the rich do.
if it all evens out aroun 20%, the poor get owned, and the rich get a break

0 Replies

@briansol,

briansol;36657 wrote:

the people who oppose the flat tax are the poor.

theirs actually ends up going up, and the rich goes down.

surely, they aren't going to make the poor pay 33% like the rich do.
if it all evens out aroun 20%, the poor get owned, and the rich get a break

So its okay for the Rich to be punished for being rich? while we coddle the poor?

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@Silverchild79,

you mis-understood my post -- or i wrote it poorly.

i'm all FOR the flat tax. i'm in the upper tax bracket, and the only way i can go is down.

1 Reply

@briansol,

briansol;36669 wrote:

you mis-understood my post -- or i wrote it poorly.

i'm all FOR the flat tax. i'm in the upper tax bracket, and the only way i can go is down.

Now you sound like an Elitist, Welcome to the club LMAO

I have been a supporter of this idea (just wasnt positive it was FLAT TAX) since highschool (when my familys income consisted of food stamps and $6.00 from walmart)

I think now I am in the Middle Class range, (first time in my life GO ME) and Flat Tax still seems like a good idea.

IN my other forum in response to this someone said that Flat Tax would not even cover our basic government needs and unless we had a Socialistic Market we would crash.

Any thoughts on this?

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@Silverchild79,

it probably would.

Here's the deal.

if we make it 25% tax, the poor will have to pay out more, and the rich will have to pay out less.

the extra 5% of $20,000 from the poor vs the loss of 5% from the $400,000 from the rich doesn't equal out.

so, instead of being 25%, it goes up to like 30%.
the rich still get dropped a couple points, but the poor get screwed out of nearly a 10% hike in taxes.

it won't ever work on paper...

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@Silverchild79,

A 17-18% flat tax should work fine, but only if loopholes are closed off to the wealthy and the corporations. Then the treasury will get 17% of the rich guys money adding up to a lot of cash. The rich won't pay more than that, so they will be taxed fairly.

That being said, I really like the idea of a consumption tax of about the same amount, doing away with the income tax, state income taxes, and sales taxes as they exist today. Citizens and resident aliens along with anyone else that buys anything will then contribute to the treasury according to their consumption, not according to income or lack of it.

1 Reply

@Curmudgeon,

Curmudgeon;37932 wrote:

A 17-18% flat tax should work fine, but only if loopholes are closed off to the wealthy and the corporations.

on paper, it sounds good.

but what does this do?

it raises prices on products.

The companies will coninue to make their money, and the poor will end up paying out more for products than they will receive from lower taxes.

0 Replies

@Silverchild79,

Quote:

...it raises prices on products.

No, just at point of purchase, but when you realize all the other taxes have been taken out of the equation, it is a deal.

0 Replies

US Tax System explained

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