Why isn't it reasonable for everyone to pay exactly the same tax rate, regardless of income level?
That seems like the simplest, most logical choice to me. Then everyone is giving exactly the same percentage of their income to the government, and all this debating about it can end. Why wouldn't that be practical/sustainable/etc. ?
I understand that the rich would be paying way more in taxes, and if the tax rate was unreasonable it might be difficult on the poor, but currently poor people get tax breaks, the rich get tax breaks, and the middle class gets ******. I must be delusional, but to me it seems the best way to even the playing field would be for everyone to give exactly the same proportion of their income, that way it's making an equal dent in everyone's quality of life.
8 Answers to "Why isn't it reasonable for everyone to pay exactly the same tax rate, regardless of income level?"
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Here's what people don't understand -
The U.S. Government has various tax codes; Business tax, INCOME Tax, Payroll tax, FICA tax...etc..etc..etc
So when you say this question, you're looking at it from just ONE of those above mentioned taxes...The INCOME tax...
Here's how it works.....
Using Mitt Romney or any other RICH person, that doesn't have a job...They are making a living off their investments......
The INCOME tax rate is about 28% (more or less) on avg for people like you and me...However, a guy who is not working but getting a monthly check from their annuity or investment - well, that's a CAPITAL GAIN tax rate and is 15%....So in theory, a rich guy is paying taxes (15%) every time he gets his monthly check.....yet, you and I pay 28%....
Its a different taxable table.....
Then there's a whole other LONG story behind the other taxes......However, what you're suggesting is a FLAT RATE tax........
I would not vote for that UNLESS....Changes are made in other area's....For example:
Say you make $1.00 in earnings and .26 cents goes to the government....Now you have .74 cents "buying power"....
So you go to the store and buy milk and bread (just saying), and it comes out to .50 cents then you add State sales tax (.10 cents)....Well now that "buying power" is .64 cents....AND depending on the item you buy, it might include Federal tax (like a car)..and that's another .10 cents (lets just say)...So now from $1.00 the actual earning power is .54 cents..nearly 1/2 of your pay goes to some form of government......
That said.....
TAX ME ON WHAT I SPEND.......Not on what I earn and then I'll vote for the flat tax.......But they won't change that nor the pipe dream you mentioned.....
You can rape a kid and get 10 years in jail...Steal a $100. bucks from a federal bank? And they put you UNDER the jail...Never mind in it....
The Government isn't stupid....But they're hoping we are....They would lose money big time if they went to a flat tax...They're not about to cut their own throats.....
The government spends money like a crack *****.......and they have no plans on changing their habits...Like (2)
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I really appreciate you taking the time to explain that. That makes a lot of sense.
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You are very welcomed....I'm glad you took the time to read it.....I write "details" in the hope people read them so they can understand....Many don't...They just like "move on"... But thank you for saying that...! :)
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flat tax 9 9 9 lololo it is reasonable to u and me we make great incomes but a tax of twenty per cent or whatever would be onerous on the poor so there would have to be some exemptions made like there is now
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I cant even answer this, it just gave me a headache
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it seems like you're probably knowledgeable on the subject then. do you have at least a few points to offer on why it's a bad idea?
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Because then the poor people would starve to death and their children wouldn't be able to get an education
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It is the only reasonable and fair way to tax, you pay 15 cents on every dollar you earn be it one or one billion.
You'll never see it happen because the bleeding heart liberals would loose most of their support when those who previously weren't paying any taxes suddenly had to pay a few dollars and no longer had any incentive to vote for democrats.Like (1)
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Ugh that is just way to much to type but basically it really screws those who don't make much money
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If a country has more expenditure than income ( taxation) you have the present situation, the Churches need to be taxed.
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Best Answer (Chosen by Voting):
Posted by Indie42 Sep 21st, 2012 at 12:12AM
15% across the board. No one exempt. Especially congress.
[ Reply ] | Like (2)