45% don't owe U.S. income tax

Void Main wrote:

Flat tax is the way to go.

Void Main wrote:

Flat tax is the way to go.

Void Main wrote:

It's your patriotic duty jmar.

jmar wrote:

Trust me, I pay my fair share. I just think a flat tax is the only fair deal.

huck wrote:

Do away with ALL deductions and credits and charge a flat tax...
We could eliminate half of the IRS workers as well.

Stanford wrote:

We made $101k last year - I was laid off in December 2010. I did my taxes and owe $983. Oh, and did I mention that...

We made $101k last year - I was laid off in December 2010. I did my taxes and owe $983. Oh, and did I mention that I've been unemployed for five months and don't have $1000 laying around? Of course if each of my Vitalmx brethren sent me $5, I could have that thousand bucks in no time (hint)...........

jmar wrote:

Everyone needs to pay their fair share.

txmxer wrote:

In this flat tax proposal, is there a cutoff? Does someone below the poverty level still pay taxes? If yes, why?

jmar wrote:

Everyone needs to pay their fair share.

flarider wrote:

Flat tax will hurt poor and middle class, the largest economic spending block, more than any other group. Say it's a 20% flat tax $1,000,000 earner...

Flat tax will hurt poor and middle class, the largest economic spending block, more than any other group.

Say it's a 20% flat tax

$1,000,000 earner pays $200,000 and still has $800,000 to survive

Middle class earner makes say $100,000 and pays in $20,000 leaving $80,000 to live on

Lower class earner makes $20,000 a year and pays $4,000 in and now has to survive on $16,000

Out of those three scenarios, which group is affected the most and which the least?
Which group would have less to contribute to the economy by way of retail purchasing?
Of those three scenarios, and knowing that middle and lower class is the largest economic spending block, how do you think that will affect the economy, retail sales and revenues generated from that group, including but not limited to local and state income as well?
If you slow down and limit retail sales and economic growth by way of reducing the income of your largest spending block, who does that hurt? The rich who manage and own those businesses and/or are shareholders in those businesses?

or does it make more sense to put more money into the hands of the largest economic spending block, so they can spend, add to the economy, boost sales and profits of corporations?

flarider wrote:

Flat tax will hurt poor and middle class, the largest economic spending block, more than any other group. Say it's a 20% flat tax $1,000,000 earner...

Flat tax will hurt poor and middle class, the largest economic spending block, more than any other group.

Say it's a 20% flat tax

$1,000,000 earner pays $200,000 and still has $800,000 to survive

Middle class earner makes say $100,000 and pays in $20,000 leaving $80,000 to live on

Lower class earner makes $20,000 a year and pays $4,000 in and now has to survive on $16,000

Out of those three scenarios, which group is affected the most and which the least?
Which group would have less to contribute to the economy by way of retail purchasing?
Of those three scenarios, and knowing that middle and lower class is the largest economic spending block, how do you think that will affect the economy, retail sales and revenues generated from that group, including but not limited to local and state income as well?
If you slow down and limit retail sales and economic growth by way of reducing the income of your largest spending block, who does that hurt? The rich who manage and own those businesses and/or are shareholders in those businesses?

or does it make more sense to put more money into the hands of the largest economic spending block, so they can spend, add to the economy, boost sales and profits of corporations?

Scotty wrote:

Make anybody who makes under $30k per year pay a flat rate. Say $1500?? How hard is this to figure out?

flarider wrote:

Flat tax will hurt poor and middle class, the largest economic spending block, more than any other group. Say it's a 20% flat tax $1,000,000 earner...

Flat tax will hurt poor and middle class, the largest economic spending block, more than any other group.

Say it's a 20% flat tax

$1,000,000 earner pays $200,000 and still has $800,000 to survive

Middle class earner makes say $100,000 and pays in $20,000 leaving $80,000 to live on

Lower class earner makes $20,000 a year and pays $4,000 in and now has to survive on $16,000

Out of those three scenarios, which group is affected the most and which the least?
Which group would have less to contribute to the economy by way of retail purchasing?
Of those three scenarios, and knowing that middle and lower class is the largest economic spending block, how do you think that will affect the economy, retail sales and revenues generated from that group, including but not limited to local and state income as well?
If you slow down and limit retail sales and economic growth by way of reducing the income of your largest spending block, who does that hurt? The rich who manage and own those businesses and/or are shareholders in those businesses?

or does it make more sense to put more money into the hands of the largest economic spending block, so they can spend, add to the economy, boost sales and profits of corporations?

Scotty wrote:

Make anybody who makes under $30k per year pay a flat rate. Say $1500?? How hard is this to figure out?

jmar wrote:

What's fair about that?

That's 5%.