If There Was To Be A Flat Tax....What Would It Be?

General » General Discussion

Site Notices

[ARCHIVED THREAD] - If There Was To Be A Flat Tax....What Would It Be?

Posted: 10/9/2007 6:28:44 PM EDT

What percentage?

Posted: 10/9/2007 6:29:18 PM EDT

[#1]

15%

Posted: 10/9/2007 6:30:45 PM EDT

[#2]

10%, no deductions for anything, you pay if you make over $30k.

(remember along with the 10% goes sales tax and state income tax is some states).

Posted: 10/9/2007 6:31:59 PM EDT

[#3]

there oughta be a sliding scale... from around 10 to 25%

eta

Posted: 10/9/2007 6:32:53 PM EDT

[#4]

Quoted:
there oughta be a sliding scale... from around 10 to 25%

Wow....lol.

Posted: 10/9/2007 6:33:55 PM EDT

[#5]

Flat tax is flat tax.
15 percent sounds about right, and usually the first 20-40K is exempt in most plans..

Posted: 10/9/2007 6:34:27 PM EDT

[#6]

Quoted:

Quoted:
there oughta be a sliding scale... from around 10 to 25%

Wow....lol.

I'm sorry teach, could you repeat the question?

Posted: 10/9/2007 6:34:37 PM EDT

[#7]

Ask Steve Forbes

Posted: 10/9/2007 6:35:31 PM EDT

[#8]

A flat 15%.

To be paid in addition to everything you're already paying.

Posted: 10/9/2007 6:36:34 PM EDT

[#9]

95%

Posted: 10/9/2007 6:39:36 PM EDT

[#10]

If you make the first 40 exempt (and that makes a certain amount of sense, although I'd tax peole for the value of welfare recieved) you have to put a floor on it. Otherwise people who make 41 will make less then they'd have made if they'd slacked off.

Posted: 10/9/2007 6:41:29 PM EDT

[#11]

Too much and too little, but never enough.

Posted: 10/9/2007 6:44:54 PM EDT

[#12]

Why would anything be exempt?

If you make 20,000, why not pay tax on it?

Probably needs to be about 18 to 20% with NO exemptions, except MAYBE interest on your home up to mortgages of $500,000. I think it is good for the .gov to encourage home ownership.

Then it would be fair and equal.

Posted: 10/9/2007 6:46:16 PM EDT

[#13]

Taxing low incomes... you'll never get that through, and you'll probably pay more in welfare than you'd make in taxes from the under 30K crowd.

Posted: 10/9/2007 6:47:05 PM EDT

[#14]

Fuck a flat tax.

www.fairtax.org FTW

Posted: 10/9/2007 6:48:08 PM EDT

[#15]

23.5%
That about what we all pay on income...
so it would work out just fine. ASSuME ing it is the "Fair Tax".

Posted: 10/9/2007 6:49:49 PM EDT

[#16]

We should shit can income tax, and institute a National Sales Tax.

Posted: 10/9/2007 6:50:51 PM EDT

[#17]

17% was estimated to cover all needed income taxes in 2001. This was before Bush's spending binge. That number would now need to be 30% higher, at 22-23%. All of that increase is Bush.

Posted: 10/9/2007 6:51:46 PM EDT

[#18]

Quoted:
23.5%
That about what we all pay on income...
so it would work out just fine. ASSuME ing it is the "Fair Tax".

I pay a lot more than that on income. I would kill for 23.5%.

Posted: 10/9/2007 6:53:36 PM EDT

[#19]

I would start paying 30+% tomorrow no problem if it was an across the board tax regardless of bracket.

assuming they can get it down to just a one time income tax and stop double fucking me on income and purchase.

I like the fair tax but I think basing it off a percent of income rather than purchase would work out better in the long run

I would be happy with either one but I dont think it will ever happen

-Mike

Posted: 10/9/2007 6:54:46 PM EDT

[#20]

Quoted:
We should shit can income tax, and institute a National Sales Tax.

This is the correct answer.

Posted: 10/9/2007 6:58:33 PM EDT

[#21]

Quoted:
I would start paying 30+% tomorrow no problem if it was an across the board tax regardless of bracket.

assuming they can get it down to just a one time income tax and stop double fucking me on income and purchase.

I like the fair tax but I think basing it off a percent of income rather than purchase would work out better in the long run

I would be happy with either one but I dont think it will ever happen

-Mike

Do you have any idea how much capital would flow back into this country if the income tax would go the way of the dodo?

Posted: 10/9/2007 7:02:06 PM EDT

[#22]

Screw the flat tax

Enact The FairTax!!

Posted: 10/9/2007 7:02:45 PM EDT

[#23]

Quoted:
I would start paying 30+% tomorrow no problem if it was an across the board tax regardless of bracket.

assuming they can get it down to just a one time income tax and stop double fucking me on income and purchase.

I like the fair tax but I think basing it off a percent of income rather than purchase would work out better in the long run

I would be happy with either one but I dont think it will ever happen

-Mike

You do know that taxing income is one of the planks of the communist manifesto don't you?