Not only that can you imagine the howls from those who receive large deductions and subsidies like the oil copmanies, IBM etc. Then you'd hit the 3rd rail of taxes, the mortgage deduction. the mass howls of outrage would be deafening.
On Wed, Mar 7, 2012 at 2:32 PM, Scott Stroz <boyz...@gmail.com> wrote: > > OK..I can see it now. > > FWIW - My thought has been for a while that we rework the tax code so > that there are no deductions...at all..none. > > Its simple...how much money did you make, regardless of where it came > from, from January 1 to Dec 31? Ok, you owe us this much. > > Of, course, there would be a progressive scale there as well. > > That would likely put a lot of people out of business, though. > > On Wed, Mar 7, 2012 at 2:24 PM, Larry C. Lyons <larrycly...@gmail.com> wrote: >> >> OK lets see how bad of a hash I can make of this. A sales tax hits >> lower income people far more than those who make more, as a percentage >> of income. >> >> 10% of a grocery bill of $100 is less of a hit to someone making >> $100,000 a year than someone making $20,000. >> >> Its still a hit but a much greater hit for the person making $20,000. >> >> On Wed, Mar 7, 2012 at 12:49 PM, Scott Stroz <boyz...@gmail.com> wrote: >>> >>> First, let me say, I am not advocating a 'flat tax' . These are >>> legitimate questions (not trolling). I really don't understand (and >>> want to) >>> >>> How would it 'hit the poor far more than any other group'? >>> >>> How would they (the poor) be paying for 'the rich or upper class >>> indulgences'? If the rich purchase 'indulgences' wouldn't that benefit >>> everyone - more money spent = more tax revenue, would it not? >>> >>> Again...not trying to be a shit stirrer (this time). I really just >>> don't understand how this would be considered a 'poor tax'. >>> >>> On Tue, Mar 6, 2012 at 6:57 PM, Larry C. Lyons <larrycly...@gmail.com> >>> wrote: >>>> >>>> the issue of the flat tax (which is what this is in sheep's clothing), it >>>> that it is retrogressive, it hits the poor far more than any other group. >>>> Why should they pay for the rich or upper class indulgences? Frankly all >>>> the proposal I've seen on this could only be classified as a Poor Tax. >>>> >>>> On Tuesday, March 6, 2012, Judah McAuley <ju...@wiredotter.com> wrote: >>>>> >>>>> On Tue, Mar 6, 2012 at 3:48 PM, Jerry Barnes <critic...@gmail.com> wrote: >>>>>> >>>>>> "The solution isn't to just raise taxes. It's to also put rules in place >>>> to >>>>>> safe-guard and penalize against hiding your money to avoid paying the >>>>>> taxes." >>>>>> >>>>>> Or ditch the monstrosity that is the progressive income tax and move to a >>>>>> national sales tax. >>>>> >>>>> I can certainly get behind reforming the tax code to steamline it and >>>>> remove most (if not all) of the specialized deductions that keep >>>>> adding entropy to the system. I certainly can't agree on the wisdom of >>>>> switching from a progressive income tax to a national sales tax >>>>> though. A progressive income tax is still, philosophically, the right >>>>> way to go in my opinion. Obviously its current implementation leaves >>>>> something to be desired. >>>>> >>>>> Judah >>>>> >>>>> >>>> >>>> >>> >>> >> >> > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:348185 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
