Flat Tax comeback ? what do you think ?

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Comments

  • brianlux
    brianlux Moving through All Kinds of Terrain. Posts: 43,663
    "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.
    "It's a sad and beautiful world"
    -Roberto Benigni

  • hedonist
    hedonist 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!).
  • rr165892
    rr165892 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.
  • brianlux
    brianlux Moving through All Kinds of Terrain. Posts: 43,663
    I agree labeling is not useful but it's a self-labeling article meant to exclude a large potential audience.
    "It's a sad and beautiful world"
    -Roberto Benigni

  • callen
    callen 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
  • rr165892
    rr165892 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.
  • callen
    callen 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-Exit
    Last-12-Exit Charleston, SC 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
  • callen
    callen 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-Exit
    Last-12-Exit Charleston, SC Posts: 8,661
    callen said:

    Last 12 you mean flat?

    Yes.
  • callen
    callen 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-Exit
    Last-12-Exit Charleston, SC 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.
  • hedonist
    hedonist 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.
  • rgambs
    rgambs 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?
  • callen
    callen 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
  • callen
    callen 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
  • BS44325
    BS44325 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.

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