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Post by aufan59 on Feb 19, 2016 3:55:39 GMT
I agree. With a 12% flat tax, a person earning $20,000 would have a $2,400 tax burden. This would hit this low income taxpayer harder than would a $6,000 tax on a $50,000 income. A fair solution would be to have a standard deduction, say $20,000 for an individual or joint return. Thus, this low income "taxpayer" would have not have any tax burden. Only tigercpa will understand this explanation of a joint return (no additional deductions for children): Step 1: Average the incomes of the spouses. Step 2: Subtract the standard deduction. Step 3 Compute the tax on the adjusted average income. Step 4. Multiply the computed tax by 2. What you described is a progressive tax system. But instead of 7 brackets that we have now,you suggest 2. I'm glad we agree a flat tax is unfair.
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Post by FLORIDA HERD FAN on Feb 19, 2016 4:31:13 GMT
Wrong. I am suggesting a flat tax with a standard deduction.
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Post by aufan59 on Feb 19, 2016 6:15:22 GMT
Higher earners pay a higher percent. Progressive by definition. You just have two tax brackets, $0 to $20,000 and $20,001+.
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Post by FLORIDA HERD FAN on Feb 19, 2016 10:42:22 GMT
It would be a single rate flat tax with a standard deduction.
If you don't like it, then it would be fine with me to eliminate the standard deduction.
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hoya
New Member
Posts: 32
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Post by hoya on Feb 19, 2016 16:00:16 GMT
good idea...blame the poor people I'm not blaming poor people. They are simply being used by politicians who will pander to them. They are merely voting for people who promise them things.
Continually giving them everything is just a different form of slavery, and long term, eliminates their drive and self-esteem.
These people "vote for a living," literally and figuratively.
Pfft. Poor people don't vote.
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Post by Bevo on Feb 19, 2016 16:23:26 GMT
Pfft. Poor people don't vote. No.. Other Democrats vote FOR them...
Crap man.... they vote by the BUSLOADS... literally, here in Louisville.
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Post by tigercpa on Feb 21, 2016 14:53:24 GMT
Pfft. Poor people don't vote. No.. Other Democrats vote FOR them...
Crap man.... they vote by the BUSLOADS... literally, here in Louisville.
And everywhere else. Geez.
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Post by tigercpa on Feb 21, 2016 14:56:49 GMT
Pfft. Poor people don't vote. No.. Other Democrats vote FOR them...
Crap man.... they vote by the BUSLOADS... literally, here in Louisville.
This^^^^^
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