Time for a flat tax

[jsarno]

Originally Posted by Daseal

The easy answer: because the rich can afford it. I think it's ignorant to say the man who only makes 30K doesn't work for his money. I bet the guys making 30K work a whole hell of a lot harder than the manager sitting in his office making 60K.

And that guy making 30k busting his ass works a hell of a lot harder than the burger flipper at McDonalds making 10k a year...but that guy busting his ass making 30k is taxed MORE. Your logic doesn't work.

ps- most managers busted their asses to get where they are, they shouldn't be punished for it.

[hooskins]

Thanks Ross....

[KLHJ2]

There is no way for man to make it fair. I can explain how to make it fair, but there are two major problems. It would take to long to explain, and most people have too closed of a mind to let it work. Hence man will never make it fair.

[jsarno]

Watch, it's simple...charge everyone the same percentage. Let's call it 20%.
So here is the example:
1mil / year = 200k in taxes
200k / year = 40k in taxes
100k / year = 20k in taxes
75k / year = 15k in taxes
50k / year = 10k in taxes
25k / year = 5k in taxes

You take it directly out of the paycheck and no exceptions, and poof...no April 15th, no complications etc. Of course that is about as simple as you can make it.

[KLHJ2]

Originally Posted by jsarno

Watch, it's simple...charge everyone the same percentage. Let's call it 20%.
So here is the example:
1mil / year = 200k in taxes
200k / year = 40k in taxes
100k / year = 20k in taxes
75k / year = 15k in taxes
50k / year = 10k in taxes
25k / year = 5k in taxes

You take it directly out of the paycheck and no exceptions, and poof...no April 15th, no complications etc. Of course that is about as simple as you can make it.

My idea is similar to that, but alot more in depth. It is not only a plan for taxes but for compensation and payments to anyone for anything period. Its kind of a combination of capitalism and socialism combined. That is the last I will speak of it.

[jsarno]

Originally Posted by angryssg

My idea is similar to that, but alot more in depth. It is not only a plan for taxes but for compensation and payments to anyone for anything period. Its kind of a combination of capitalism and socialism combined. That is the last I will speak of it.

I am intrigued.
PM me with some more details.

[KLHJ2]

Originally Posted by jsarno

I am intrigued.
PM me with some more details.

Its going to take a while.

[jsarno]

Originally Posted by angryssg

Its going to take a while.

Just the basics of the idea is fine. I have my own ideas too, so I'd love to hear someone else share the ideas.

[724Skinsfan]

Originally Posted by jsarno

Watch, it's simple...charge everyone the same percentage. Let's call it 20%.
So here is the example:
1mil / year = 200k in taxes
200k / year = 40k in taxes
100k / year = 20k in taxes
75k / year = 15k in taxes
50k / year = 10k in taxes
25k / year = 5k in taxes

You take it directly out of the paycheck and no exceptions, and poof...no April 15th, no complications etc. Of course that is about as simple as you can make it.

LOL! Can you even comprehend what devastating impact 5k in taxes would do to the first year teacher, farmer or factory worker's ability to even attempt to provide basic food/clothing/shelter for his/her family?

[jsarno]

Originally Posted by 724Skinsfan

LOL! Can you even comprehend what devastating impact 5k in taxes would do to the first year teacher, farmer or factory worker's ability to even attempt to provide basic food/clothing/shelter for his/her family?

Well, yeah...if they are a first year, they were in school making NOTHING, so they are still 20k richer. Also, the first year teacher here in SE New Mexico makes around 40k. Ouch.
ps- farmers can easily make 200k+ a year. Don't let their bitching and moaning fool you. It's just a hard job. I have friends that are farmers (cotton and chili peppers) they make a killing...and when the weather doesn't cooporate with them, they get government assistance.

[724Skinsfan]

Originally Posted by jsarno

Well, yeah...if they are a first year, they were in school making NOTHING, so they are still 20k richer. Also, the first year teacher here in SE New Mexico makes around 40k. Ouch.
ps- farmers can easily make 200k+ a year. Don't let their bitching and moaning fool you. It's just a hard job. I have friends that are farmers (cotton and chili peppers) they make a killing...and when the weather doesn't cooporate with them, they get government assistance.

Umm...errr...never....mind...{sigh}.

[JoeRedskin]

Originally Posted by jsarno

Watch, it's simple...charge everyone the same percentage. Let's call it 20%.
So here is the example:
1mil / year = 200k in taxes
200k / year = 40k in taxes
100k / year = 20k in taxes
75k / year = 15k in taxes
50k / year = 10k in taxes
25k / year = 5k in taxes

You take it directly out of the paycheck and no exceptions, and poof...no April 15th, no complications etc. Of course that is about as simple as you can make it.

And what about those who don't get paychecks? Small business owners or self employed people? You taxing their income? Their profit? How u figuring profit? Depreciability of assets? What about income from the purchase and sale of capital good?

We don't live in Ancient Sparta where laws were few because the complexities of life were few. We live in a complex economic and social mileiu where real fairness does not lend itself towards simple answers.

[Schneed10]

Originally Posted by JoeRedskin

And what about those who don't get paychecks? Small business owners or self employed people? You taxing their income? Their profit? How u figuring profit? Depreciability of assets? What about income from the purchase and sale of capital good?

We don't live in Ancient Sparta where laws were few because the complexities of life were few. We live in a complex economic and social mileiu where real fairness does not lend itself towards simple answers.

And to add on; are you going to tax people on the money they're using to spend on financing their house? Are you going to tax them on the money they're using to fund their own retirement? Are you going to tax them on their out-of-pocket healthcare expenses? How about they money they're paying back on loans they used to fund their college education?

As a government, shouldn't you encourage your citizens to go to college, to buy a house, to pay for preventative healthcare, to fund their own retirement? These are all investments in the future of our nation in their own way.

The tax code should not be simplified for the sake of being simple. It's complex because as JR said, we live in a complex world. If it seems too complex, you can always go buy TurboTax to help with your taxes.

[dmek25]

this is a dumb comparison. you choose 20%. well 20% to someone making,100,000 is nothing. 20% to the guy making 25,000 is alot of cash. and i don't begrudge anyone their money, but the old saying is true, the less money you make, the harder you work. i am a perfect testament to that. all the $5.00 and $6.00 an hour jobs i worked and busted my balls, now i make about $75,000 a year and its the easiest job i have ever had. and this arguements biggest point will be, if they do go to a flat tax, where will they make up the lost money? your arguement is all about the rich getting richer.

[Hog1]

The UNITED STATES government has become a juggernaut that exists mostly to feed itself. NO flat tax like formula will ever be adopted as it would effectively do away with the IRS, with it's simplicity.
THEY will not allow that type of impact to...........the machine.
-Fox Mulder