It might have 2 or 3 levels depending on income and two limited deductions -one for charitable contributions and one for home mortgage.
No income tax should be higher than 20% . In fact we need to amend the constitution to put in this limit.
Then we need a national value tax at the wholesale level-the % would be adjusted to balance the budget.
That’s it-two taxes.
yoy=you, typing error
I like the idea of a flat tax. Nobody pays tax on income under 25000. After that it is one flat rate. No deductions. It is much more fair this way than the current robin hood system.
Would yoy answer Mitt Romney and tell him we need a simple flat tax?
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I like the idea of a flat tax. Nobody pays tax on income under 25000. After that it is one flat rate. No deductions. It is much more fair this way than the current robin hood system.
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Flat tax is a bad idea.
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FPIT
A flat tax is a flat tax … no deductions. Exceptions just make it changes to the existing tax reules.
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It you have 2 or 3 levels of flat tax ( or a floor or ceiling on income), it isn’t a flat tax anymore. The problem is that it sounds like a great idea until you start trying to implement it, and find that there are as many problems with tax reform as there are with the Code as it is today.
As for the 20% limit, all any tax cap does is force the de fact creation of new "taxes" in the form of user fees and assessments because the cost of government is fluid and not fixed.
If you don’t believe me, look at Proposition 13 and the resulting degeneration of th school system and giant State deficit,
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In the business since 1975
No because it is a bad idea. It would heavily increase the burden of middle class workers, and add small encouragement for the poor not to get jobs.
It is a punish the poor scheme, and those schemes don’t work.
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No, because I disagree with the flat tax. People who are raking in more money should contribute more.
Taxes are the dues you pay to live in a society.
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flat tax is a bad idea… a 20% limit? then exactly where is all the money going to come from that we need to run this country?
why do democracts/liberals/poor people think that a flat tax is going to help them, be more fair and take more from the rich?
it’s just the opposite.
please, limit my tax to 20%… i’d love it!
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Fair Tax is the best answer. Go to Fairtax.org for all the info or buy the Fair Tax book.
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