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Flat Tax comeback ? what do you think ?

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  • brianluxbrianlux Posts: 42,040
    "both senators clearly see the flat tax as a way to appeal to both free-market conservatives that advocate for broad-based tax cuts, and the Tea Party sympathizers concerned with government intrusion."

    Obviously this idea is meant to appeal to hard core right wingers only.

    Besides, the 1 % will find a way to come out on top no matter which way taxes are twisted.
    “The fear of death follows from the fear of life. A man [or woman] who lives fully is prepared to die at any time.”
    Variously credited to Mark Twain or Edward Abbey.













  • hedonisthedonist Posts: 24,524
    I'd rather look at it from a common-sense standpoint than again with the labeling, agendas, reading into things, etc.

    Anyway, I support it in theory.

    I'm neither hard-core nor winged at all, by the way (though some may argue that point!).
  • rr165892rr165892 Posts: 5,697
    I also feel some sort of flat tax could be totally doable.I would like to see more detail,But like Hedo said in theory it makes sense.
  • brianluxbrianlux Posts: 42,040
    I agree labeling is not useful but it's a self-labeling article meant to exclude a large potential audience.
    “The fear of death follows from the fear of life. A man [or woman] who lives fully is prepared to die at any time.”
    Variously credited to Mark Twain or Edward Abbey.













  • callencallen Posts: 6,388
    Need more info but be open to checking it out. Course percentage is the key and if it's linear.
    10-18-2000 Houston, 04-06-2003 Houston, 6-25-2003 Toronto, 10-8-2004 Kissimmee, 9-4-2005 Calgary, 12-3-05 Sao Paulo, 7-2-2006 Denver, 7-22-06 Gorge, 7-23-2006 Gorge, 9-13-2006 Bern, 6-22-2008 DC, 6-24-2008 MSG, 6-25-2008 MSG
  • rr165892rr165892 Posts: 5,697
    edited April 2015
    callen said:

    Need more info but be open to checking it out. Course percentage is the key and if it's linear.

    That's the big issue/question isn't it?
  • Godfather.Godfather. Posts: 12,504
    anything to the IRS in check sounds good to me.

    Godfather.
  • Godfather.Godfather. Posts: 12,504
    let's try that again..anything to put the IRS in check sounds good to me..

    Godfather.
  • Godfather.Godfather. Posts: 12,504
    I found this and it explains the flat tax pros and cons.

    http://smallbusiness.chron.com/pros-cons-flat-tax-4210.html

    Godfather.
  • callencallen Posts: 6,388
    Yes GF agree.
    10-18-2000 Houston, 04-06-2003 Houston, 6-25-2003 Toronto, 10-8-2004 Kissimmee, 9-4-2005 Calgary, 12-3-05 Sao Paulo, 7-2-2006 Denver, 7-22-06 Gorge, 7-23-2006 Gorge, 9-13-2006 Bern, 6-22-2008 DC, 6-24-2008 MSG, 6-25-2008 MSG
  • Last-12-ExitLast-12-Exit Posts: 8,661
    edited April 2015
    I think a flat tax system would work. Canning the irs is always a good idea.

    Fixed
    Post edited by Last-12-Exit on
  • callencallen Posts: 6,388
    Last 12 you mean flat?
    10-18-2000 Houston, 04-06-2003 Houston, 6-25-2003 Toronto, 10-8-2004 Kissimmee, 9-4-2005 Calgary, 12-3-05 Sao Paulo, 7-2-2006 Denver, 7-22-06 Gorge, 7-23-2006 Gorge, 9-13-2006 Bern, 6-22-2008 DC, 6-24-2008 MSG, 6-25-2008 MSG
  • Last-12-ExitLast-12-Exit Posts: 8,661
    callen said:

    Last 12 you mean flat?

    Yes.
  • callencallen Posts: 6,388
    edited April 2015
    So now the details.

    25%? Same for $12k a year as $1.2mln a year? Capital gains? No write offs for real estate? Company med plans taxed?

    No didn't read article want to know what y'all think.

    How bout consumption tax. More you buy more you pay more. Kill economy for a while but.....
    10-18-2000 Houston, 04-06-2003 Houston, 6-25-2003 Toronto, 10-8-2004 Kissimmee, 9-4-2005 Calgary, 12-3-05 Sao Paulo, 7-2-2006 Denver, 7-22-06 Gorge, 7-23-2006 Gorge, 9-13-2006 Bern, 6-22-2008 DC, 6-24-2008 MSG, 6-25-2008 MSG
  • Last-12-ExitLast-12-Exit Posts: 8,661
    callen said:

    So now the details.

    25%? Same for $12k a year as $1.2mln a year? Capital gains? No write offs for real estate? Company med plans taxed?

    No didn't read article want to know what y'all think.

    How bout consumption tax. More you buy more you pay more. Kill economy for a while but.....

    A consumption tax should be the way to go, no? Repeal the 16th amendment and pay taxes on what you purchase. As long as there is a cap that can't be raised. But this will never gain ground anywhere. Nobody would vote to repeal income taxes. We must be crazy.
  • hedonisthedonist Posts: 24,524
    Our tax code is beyond convoluted - even those who work for the IRS have trouble deciphering it (how many pages?!). Heard of many headaches for those who partook in the ACA too. It shouldn't be so damned complicated.

    I'm not really for consumption taxes (except for finite resource such as water), nor for sin-taxes.

    A flat, across-the-board rate sounds pretty good to me at this point.
  • rgambsrgambs Posts: 13,576
    Last-12-Exit said:

    callen said:

    So now the details.

    25%? Same for $12k a year as $1.2mln a year? Capital gains? No write offs for real estate? Company med plans taxed?

    No didn't read article want to know what y'all think.

    How bout consumption tax. More you buy more you pay more. Kill economy for a while but.....

    A consumption tax should be the way to go, no? Repeal the 16th amendment and pay taxes on what you purchase. As long as there is a cap that can't be raised. But this will never gain ground anywhere. Nobody would vote to repeal income taxes. We must be crazy.
    Last-12-Exit said:

    callen said:

    So now the details.

    25%? Same for $12k a year as $1.2mln a year? Capital gains? No write offs for real estate? Company med plans taxed?

    No didn't read article want to know what y'all think.

    How bout consumption tax. More you buy more you pay more. Kill economy for a while but.....

    A consumption tax should be the way to go, no? Repeal the 16th amendment and pay taxes on what you purchase. As long as there is a cap that can't be raised. But this will never gain ground anywhere. Nobody would vote to repeal income taxes. We must be crazy.
    What about the fact that a consumption tax hits lower income families exponentially harder?
    Monkey Driven, Call this Living?
  • callencallen Posts: 6,388
    Last-12-Exit said:

    callen said:

    So now the details.

    25%? Same for $12k a year as $1.2mln a year? Capital gains? No write offs for real estate? Company med plans taxed?

    No didn't read article want to know what y'all think.

    How bout consumption tax. More you buy more you pay more. Kill economy for a while but.....

    A consumption tax should be the way to go, no? Repeal the 16th amendment and pay taxes on what you purchase. As long as there is a cap that can't be raised. But this will never gain ground anywhere. Nobody would vote to repeal income taxes. We must be crazy.
    Agree and the folks wouldn't buy all this cheap plastic crap. Great for planet as well as those that don't waste.

    Course this will never happen. Too much $$$$ for politicians to keep as is.
    10-18-2000 Houston, 04-06-2003 Houston, 6-25-2003 Toronto, 10-8-2004 Kissimmee, 9-4-2005 Calgary, 12-3-05 Sao Paulo, 7-2-2006 Denver, 7-22-06 Gorge, 7-23-2006 Gorge, 9-13-2006 Bern, 6-22-2008 DC, 6-24-2008 MSG, 6-25-2008 MSG
  • callencallen Posts: 6,388
    rgambs said:

    Last-12-Exit said:

    callen said:

    So now the details.

    25%? Same for $12k a year as $1.2mln a year? Capital gains? No write offs for real estate? Company med plans taxed?

    No didn't read article want to know what y'all think.

    How bout consumption tax. More you buy more you pay more. Kill economy for a while but.....

    A consumption tax should be the way to go, no? Repeal the 16th amendment and pay taxes on what you purchase. As long as there is a cap that can't be raised. But this will never gain ground anywhere. Nobody would vote to repeal income taxes. We must be crazy.
    Last-12-Exit said:

    callen said:

    So now the details.

    25%? Same for $12k a year as $1.2mln a year? Capital gains? No write offs for real estate? Company med plans taxed?

    No didn't read article want to know what y'all think.

    How bout consumption tax. More you buy more you pay more. Kill economy for a while but.....

    A consumption tax should be the way to go, no? Repeal the 16th amendment and pay taxes on what you purchase. As long as there is a cap that can't be raised. But this will never gain ground anywhere. Nobody would vote to repeal income taxes. We must be crazy.
    What about the fact that a consumption tax hits lower income families exponentially harder?
    Take care of a lot of problems including under table wages and the rich will pay more than they do now.

    Yeah consumption tax my fave right now.
    10-18-2000 Houston, 04-06-2003 Houston, 6-25-2003 Toronto, 10-8-2004 Kissimmee, 9-4-2005 Calgary, 12-3-05 Sao Paulo, 7-2-2006 Denver, 7-22-06 Gorge, 7-23-2006 Gorge, 9-13-2006 Bern, 6-22-2008 DC, 6-24-2008 MSG, 6-25-2008 MSG
  • BS44325BS44325 Posts: 6,124
    rgambs said:

    Last-12-Exit said:

    callen said:

    So now the details.

    25%? Same for $12k a year as $1.2mln a year? Capital gains? No write offs for real estate? Company med plans taxed?

    No didn't read article want to know what y'all think.

    How bout consumption tax. More you buy more you pay more. Kill economy for a while but.....

    A consumption tax should be the way to go, no? Repeal the 16th amendment and pay taxes on what you purchase. As long as there is a cap that can't be raised. But this will never gain ground anywhere. Nobody would vote to repeal income taxes. We must be crazy.
    Last-12-Exit said:

    callen said:

    So now the details.

    25%? Same for $12k a year as $1.2mln a year? Capital gains? No write offs for real estate? Company med plans taxed?

    No didn't read article want to know what y'all think.

    How bout consumption tax. More you buy more you pay more. Kill economy for a while but.....

    A consumption tax should be the way to go, no? Repeal the 16th amendment and pay taxes on what you purchase. As long as there is a cap that can't be raised. But this will never gain ground anywhere. Nobody would vote to repeal income taxes. We must be crazy.
    What about the fact that a consumption tax hits lower income families exponentially harder?
    The way you handle this is by making certain life staples/necessities tax exempt i.e. Groceries, meds etc. Beyond the basics even lower income families should be required to contribute when they spend on non-essential items.
  • callencallen Posts: 6,388
    BS44325 said:

    rgambs said:

    Last-12-Exit said:

    callen said:

    So now the details.

    25%? Same for $12k a year as $1.2mln a year? Capital gains? No write offs for real estate? Company med plans taxed?

    No didn't read article want to know what y'all think.

    How bout consumption tax. More you buy more you pay more. Kill economy for a while but.....

    A consumption tax should be the way to go, no? Repeal the 16th amendment and pay taxes on what you purchase. As long as there is a cap that can't be raised. But this will never gain ground anywhere. Nobody would vote to repeal income taxes. We must be crazy.
    Last-12-Exit said:

    callen said:

    So now the details.

    25%? Same for $12k a year as $1.2mln a year? Capital gains? No write offs for real estate? Company med plans taxed?

    No didn't read article want to know what y'all think.

    How bout consumption tax. More you buy more you pay more. Kill economy for a while but.....

    A consumption tax should be the way to go, no? Repeal the 16th amendment and pay taxes on what you purchase. As long as there is a cap that can't be raised. But this will never gain ground anywhere. Nobody would vote to repeal income taxes. We must be crazy.
    What about the fact that a consumption tax hits lower income families exponentially harder?
    The way you handle this is by making certain life staples/necessities tax exempt i.e. Groceries, meds etc. Beyond the basics even lower income families should be required to contribute when they spend on non-essential items.
    Nice. No sarcasm.
    10-18-2000 Houston, 04-06-2003 Houston, 6-25-2003 Toronto, 10-8-2004 Kissimmee, 9-4-2005 Calgary, 12-3-05 Sao Paulo, 7-2-2006 Denver, 7-22-06 Gorge, 7-23-2006 Gorge, 9-13-2006 Bern, 6-22-2008 DC, 6-24-2008 MSG, 6-25-2008 MSG
  • BS44325BS44325 Posts: 6,124
    callen said:

    BS44325 said:

    rgambs said:

    Last-12-Exit said:

    callen said:

    So now the details.

    25%? Same for $12k a year as $1.2mln a year? Capital gains? No write offs for real estate? Company med plans taxed?

    No didn't read article want to know what y'all think.

    How bout consumption tax. More you buy more you pay more. Kill economy for a while but.....

    A consumption tax should be the way to go, no? Repeal the 16th amendment and pay taxes on what you purchase. As long as there is a cap that can't be raised. But this will never gain ground anywhere. Nobody would vote to repeal income taxes. We must be crazy.
    Last-12-Exit said:

    callen said:

    So now the details.

    25%? Same for $12k a year as $1.2mln a year? Capital gains? No write offs for real estate? Company med plans taxed?

    No didn't read article want to know what y'all think.

    How bout consumption tax. More you buy more you pay more. Kill economy for a while but.....

    A consumption tax should be the way to go, no? Repeal the 16th amendment and pay taxes on what you purchase. As long as there is a cap that can't be raised. But this will never gain ground anywhere. Nobody would vote to repeal income taxes. We must be crazy.
    What about the fact that a consumption tax hits lower income families exponentially harder?
    The way you handle this is by making certain life staples/necessities tax exempt i.e. Groceries, meds etc. Beyond the basics even lower income families should be required to contribute when they spend on non-essential items.
    Nice. No sarcasm.
    A consumption with some sort of flat tax is considered to be a very conservative position. Are you surprised that I support it?
  • callencallen Posts: 6,388
    BS44325 said:

    callen said:

    BS44325 said:

    rgambs said:

    Last-12-Exit said:

    callen said:

    So now the details.

    25%? Same for $12k a year as $1.2mln a year? Capital gains? No write offs for real estate? Company med plans taxed?

    No didn't read article want to know what y'all think.

    How bout consumption tax. More you buy more you pay more. Kill economy for a while but.....

    A consumption tax should be the way to go, no? Repeal the 16th amendment and pay taxes on what you purchase. As long as there is a cap that can't be raised. But this will never gain ground anywhere. Nobody would vote to repeal income taxes. We must be crazy.
    Last-12-Exit said:

    callen said:

    So now the details.

    25%? Same for $12k a year as $1.2mln a year? Capital gains? No write offs for real estate? Company med plans taxed?

    No didn't read article want to know what y'all think.

    How bout consumption tax. More you buy more you pay more. Kill economy for a while but.....

    A consumption tax should be the way to go, no? Repeal the 16th amendment and pay taxes on what you purchase. As long as there is a cap that can't be raised. But this will never gain ground anywhere. Nobody would vote to repeal income taxes. We must be crazy.
    What about the fact that a consumption tax hits lower income families exponentially harder?
    The way you handle this is by making certain life staples/necessities tax exempt i.e. Groceries, meds etc. Beyond the basics even lower income families should be required to contribute when they spend on non-essential items.
    Nice. No sarcasm.
    A consumption with some sort of flat tax is considered to be a very conservative position. Are you surprised that I support it?
    I debate subjects not personalities.

    10-18-2000 Houston, 04-06-2003 Houston, 6-25-2003 Toronto, 10-8-2004 Kissimmee, 9-4-2005 Calgary, 12-3-05 Sao Paulo, 7-2-2006 Denver, 7-22-06 Gorge, 7-23-2006 Gorge, 9-13-2006 Bern, 6-22-2008 DC, 6-24-2008 MSG, 6-25-2008 MSG
  • rr165892rr165892 Posts: 5,697
    callen said:

    BS44325 said:

    rgambs said:

    Last-12-Exit said:

    callen said:

    So now the details.

    25%? Same for $12k a year as $1.2mln a year? Capital gains? No write offs for real estate? Company med plans taxed?

    No didn't read article want to know what y'all think.

    How bout consumption tax. More you buy more you pay more. Kill economy for a while but.....

    A consumption tax should be the way to go, no? Repeal the 16th amendment and pay taxes on what you purchase. As long as there is a cap that can't be raised. But this will never gain ground anywhere. Nobody would vote to repeal income taxes. We must be crazy.
    Last-12-Exit said:

    callen said:

    So now the details.

    25%? Same for $12k a year as $1.2mln a year? Capital gains? No write offs for real estate? Company med plans taxed?

    No didn't read article want to know what y'all think.

    How bout consumption tax. More you buy more you pay more. Kill economy for a while but.....

    A consumption tax should be the way to go, no? Repeal the 16th amendment and pay taxes on what you purchase. As long as there is a cap that can't be raised. But this will never gain ground anywhere. Nobody would vote to repeal income taxes. We must be crazy.
    What about the fact that a consumption tax hits lower income families exponentially harder?
    The way you handle this is by making certain life staples/necessities tax exempt i.e. Groceries, meds etc. Beyond the basics even lower income families should be required to contribute when they spend on non-essential items.
    Nice. No sarcasm.
    Agreed
  • BS44325BS44325 Posts: 6,124
    Ouch
  • rgambsrgambs Posts: 13,576
    BS44325 said:

    rgambs said:

    Last-12-Exit said:

    callen said:

    So now the details.

    25%? Same for $12k a year as $1.2mln a year? Capital gains? No write offs for real estate? Company med plans taxed?

    No didn't read article want to know what y'all think.

    How bout consumption tax. More you buy more you pay more. Kill economy for a while but.....

    A consumption tax should be the way to go, no? Repeal the 16th amendment and pay taxes on what you purchase. As long as there is a cap that can't be raised. But this will never gain ground anywhere. Nobody would vote to repeal income taxes. We must be crazy.
    Last-12-Exit said:

    callen said:

    So now the details.

    25%? Same for $12k a year as $1.2mln a year? Capital gains? No write offs for real estate? Company med plans taxed?

    No didn't read article want to know what y'all think.

    How bout consumption tax. More you buy more you pay more. Kill economy for a while but.....

    A consumption tax should be the way to go, no? Repeal the 16th amendment and pay taxes on what you purchase. As long as there is a cap that can't be raised. But this will never gain ground anywhere. Nobody would vote to repeal income taxes. We must be crazy.
    What about the fact that a consumption tax hits lower income families exponentially harder?
    The way you handle this is by making certain life staples/necessities tax exempt i.e. Groceries, meds etc. Beyond the basics even lower income families should be required to contribute when they spend on non-essential items.
    I'm down with that, as long as capital investments get taxed.
    Monkey Driven, Call this Living?
  • rr165892rr165892 Posts: 5,697
    rgambs said:

    BS44325 said:

    rgambs said:

    Last-12-Exit said:

    callen said:

    So now the details.

    25%? Same for $12k a year as $1.2mln a year? Capital gains? No write offs for real estate? Company med plans taxed?

    No didn't read article want to know what y'all think.

    How bout consumption tax. More you buy more you pay more. Kill economy for a while but.....

    A consumption tax should be the way to go, no? Repeal the 16th amendment and pay taxes on what you purchase. As long as there is a cap that can't be raised. But this will never gain ground anywhere. Nobody would vote to repeal income taxes. We must be crazy.
    Last-12-Exit said:

    callen said:

    So now the details.

    25%? Same for $12k a year as $1.2mln a year? Capital gains? No write offs for real estate? Company med plans taxed?

    No didn't read article want to know what y'all think.

    How bout consumption tax. More you buy more you pay more. Kill economy for a while but.....

    A consumption tax should be the way to go, no? Repeal the 16th amendment and pay taxes on what you purchase. As long as there is a cap that can't be raised. But this will never gain ground anywhere. Nobody would vote to repeal income taxes. We must be crazy.
    What about the fact that a consumption tax hits lower income families exponentially harder?
    The way you handle this is by making certain life staples/necessities tax exempt i.e. Groceries, meds etc. Beyond the basics even lower income families should be required to contribute when they spend on non-essential items.
    I'm down with that, as long as capital investments get taxed.
    At same rate?
  • rr165892rr165892 Posts: 5,697
    I like a"essentials" clause to let those who need the easiest path to nescessities obtain them without taxation.Meds,food,toiletries,etc
  • rgambsrgambs Posts: 13,576
    rr165892 said:

    rgambs said:

    BS44325 said:

    rgambs said:

    Last-12-Exit said:

    callen said:

    So now the details.

    25%? Same for $12k a year as $1.2mln a year? Capital gains? No write offs for real estate? Company med plans taxed?

    No didn't read article want to know what y'all think.

    How bout consumption tax. More you buy more you pay more. Kill economy for a while but.....

    A consumption tax should be the way to go, no? Repeal the 16th amendment and pay taxes on what you purchase. As long as there is a cap that can't be raised. But this will never gain ground anywhere. Nobody would vote to repeal income taxes. We must be crazy.
    Last-12-Exit said:

    callen said:

    So now the details.

    25%? Same for $12k a year as $1.2mln a year? Capital gains? No write offs for real estate? Company med plans taxed?

    No didn't read article want to know what y'all think.

    How bout consumption tax. More you buy more you pay more. Kill economy for a while but.....

    A consumption tax should be the way to go, no? Repeal the 16th amendment and pay taxes on what you purchase. As long as there is a cap that can't be raised. But this will never gain ground anywhere. Nobody would vote to repeal income taxes. We must be crazy.
    What about the fact that a consumption tax hits lower income families exponentially harder?
    The way you handle this is by making certain life staples/necessities tax exempt i.e. Groceries, meds etc. Beyond the basics even lower income families should be required to contribute when they spend on non-essential items.
    I'm down with that, as long as capital investments get taxed.
    At same rate?
    As it is currently? Yes and no. Yes if they really collect and enforce the real rate, no if they don't eliminate all the tricks that allow so much avoidance and such a reduced rate.

    At same rate as other consumption taxes? No, a reduced rate for investments, but we gotta find a way to elimimate rhe shady games the investors play like the credit default swaps, or else we are rewarding bad behavior.
    Monkey Driven, Call this Living?
  • oftenreadingoftenreading Posts: 12,845
    I'm not in favour of a flat tax. There are already substantial inequities and to me the only fair system is a progressive one (in which higher earners pay a progressively higher rate of tax with each tier of income earned). Yes, the Canadian tax system is complicated too and could likely be revamped as incremental changes over decades end up creating a pretty byzantine system. I'm likely in the minority here but I don't begrudge the taxes I pay, given the benefits I get living here in BC.
    my small self... like a book amongst the many on a shelf
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