What does everyone here think about a Flat Tax? (user search)
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  What does everyone here think about a Flat Tax? (search mode)
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Author Topic: What does everyone here think about a Flat Tax?  (Read 1204 times)
Ban my account ffs!
snowguy716
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Posts: 22,632
Austria


« on: April 17, 2010, 01:58:09 AM »

In the absence of all other taxes and with a significant exemption, it would be okay.  Otherwise we need to make the income tax steeply progressive so that the rich are paying a significantly higher amount of income  as taxes. 

The federal income tax brackets should be determined after all other federal, state, and local taxes are figured in in order to assure that they remain progressive.

Also, close any foreign loopholes.  Unless a person is living more than half the year overseas, they pay full taxes here in the U.S.
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