![]() Currently, with all the deductions and other such language, there is over 70k+ pages of tax codes. Set it there, and cut out the loopholes and we would never have a budget deficit again! Oh yeah, FLAT TAXES DO NOT WORK!!!!!!I'm not trying to villify the poor here (hence the floor, which is subject to change), but trying to simplify the tax code. Set it there, and cut out the loopholes and we would never have a budget deficit again! Oh yeah, FLAT TAXES DO NOT WORK!!!!!!īasic economic principles show that you get the highest revenue with the least societal impact if the highest tax bracket is between 30 and 40%. The problem has NEVER been that the poor pay to little in taxes, its that the rich have enough loopholes to not pay their fair share of taxes!īasic economic principles show that you get the highest revenue with the least societal impact if the highest tax bracket is between 30 and 40%. Then on top of that, you pay some percentage of income taxes. ![]() Most people end up paying somewhere around a 25% PRE INCOME TAX RATE!!! 6.2% for Social Security, 3.1% for Medicare. Use municipal services like water, electricity, hell, even cable/internet? You are paying special taxes on those services - just look at your bill! If you own a home, you pay property taxes. If you work, you are paying both social security taxes AND medicare taxes regardless of your income. If you purchase gasoline, or cigarettes, or alcohol in many places, you are paying a special tax. I'm sure you believe that the 'poor' are just 'mooching' off of everyone, but this just isnt true! If you buy something, you are paying a sales tax. Flat taxes always end up hurting the lower income members of society and benefit the insanely rich ones. ![]() I don't care how you manipulate the system, you aren't going to fix the problem.
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