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Flat Tax???!?!?!?
Question by Morgan | Posted in United States
I miss reasons that we should switch to a flat tax system....and what the benefits would be of this switch...
Answer: Well a flat tax certainly would be straightforward. The poorest person would pay at the same rate as Bill Gates and Warren Buffet. It would be simple because all gains would be subject to tax and there would be no deductions.
But would it be a workable system? When the average middle
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Flat Tax???
Question by jason l | Posted in Other - Taxes
What is flat tax? and how does flat tax adversely select the middle class?
Answer: A flat tax would restore the current system with a single percentage for everyone. Right now, the system increases as income increases. For admonition, you only pay 10% tax on the first $10,000, then you pay 15% on the next $10,000. A flat tax would make it a single percentage, say 20%, for the full
Question by moejoefree7 | Posted in Other - Politics & Government
what are the pros and cons of a jingoistic flat tax?
Answer: There are only CONS because a "Flat tax" or a "Above-board Tax" would be anything BUT "fair." It would greatly benefit the very RICHEST of Americans and the very poorest Americans, but everyone else in the mid-section would feel the greatest squeeze.
Recently I asked how people felt about a jingoistic sales tax to replace the current IRS system of payroll/income taxes. Someone mentioned a flat tax system - I was wondering how a flat tax system could profit the working poor and the middle class ? Would it be better for them , or would it just save
Answer: we would still have the IRS - no reform
the original Income Tax WAS a flat tax - but congress changed that - no improvement
in 1986 they tried a three tiered flat tax - but congress puts in 4000 changes a year - no convalescence
The Flat Tax: How it Works and Why it is Good for America
This Center for Naturalness and Prosperity Foundation video shows how the flat tax would benefit families and businesses, and also explains how this ...
Flat Tax: Flat Tax Alert: Hall Goes Wobbly
by Alvin Rabushka
Bob stated that “it wouldn’t be remotely everyday to do it [tax emendation] with a sole decisive tax dress down now.” This is due, in his look at, to the colourful widening of the gains assignment in the U.S. since 1981. “This means that the object of the trivial paying the same tax bawl out only just seems less sympathy than it was when the profits codification was tighter.” , signed into law...
Flat tax - Wikipedia, the free encyclopedia
For the entitle related to tax incidence regarding flat progressivity, see Proportional tax. ... A flat tax (short for flat under any circumstances tax) is a tax system with a constant ...
F07 Flat tax
"flat tax": It assesses a 19 percent tax on all busi- nesses (corporate or otherwise) ... That is, the flat tax would be a consumption tax, even though it ...
