And THIS was my answer to someone suggesting a Flat Tax, which looks like it was Mark, had you bothered READING the Thread...
On Aug 4, 5:11 pm, THE ANNOINTED ONE <[EMAIL PROTECTED]> wrote: > i understand them enough to know why congress and the large > corporations and wealthy do not want a flat rate tax of 15% and > everyone else would KILL to get it..... > how about you.... and if you don't know there truly is no hope for > you. You, like many others, obviously haven't a CLUE about Flat Taxes and who will and who will not benmefit from them... http://www.cnn.com/ALLPOLITICS/1996/analysis/time/9601/29/forbes.spec... TIME Magazine January 29, 1996 Volume 147, No. 5 IS THIS TAX FLAT UNFAIR? Tax Reform Is A Good Idea, But Forbes' Plan Will Make Newt's Cutbacks Look Insipid DAN GOODGAME/WASHINGTON If the Flat Tax were a person, it would be a little like Steve Forbes: straightforward and artless on the outside, more complex on closer examination. The political appeal of Forbes' flat tax--a single, 17% rate on all income above a generous personal exemption, and no deductions--lies in its apparent simplicity and its promise to close loopholes for the wealthy and well connected. The proposal has economic appeal as well: a simpler tax code could boost middle Americans' stagnant incomes, in part by freeing much of the $80 billion-plus that individuals and businesses now spend each year on tax compliance and avoidance. Americans like the principle of a flat tax... Do you favor or oppose changing the federal income tax system to a flat-tax system? Favor Oppose 48% 42% ...But not the details Do you favor or oppose a flat-tax system if the new system: Favor Oppose Taxed all Americans at a flat rate of 17% 41% 48% Eliminated all tax deductions for state and local taxes 35% 55% Taxed wages not profits from the sales of stocks/real estate 34% 57% Eliminated the tax deduction for charitable contributions 31% 64% Eliminated all tax deductions for home mortgages 29% 60% Increased the size of the federal budget deficit 11% 82% >From a telephone poll of 800 adult Americans taken for TIME/CNN on Jan. 17-18 by Yankelovich Partners Inc. Sampling error is plus/minus 3%. "Not sures" omitted. But the spareness of Forbes' flat tax is deceptive. Yes, taxpayers would pay a single rate on their income above a certain threshold: for example, above $36,000 for a family of four. (And families below that threshold would pay no income tax.) But it is almost impossible to sort out fully the economic burdens that would result from the system's new rules. This much seems clear: the scheme Forbes is pushing in his television ads looks as if it would either swell the federal deficit or raise taxes on middle Americans while bestowing extra riches on the rich. The public fascination with Forbes' plan is based on at least one large misconception: "People think that the flat tax, by closing loopholes, will make the rich pay more," populist Republican analyst Kevin Phillips observes. Voters sometimes bluntly tell Forbes that they like his tax plan because it would ensure that rich people like him, with fancy lawyers and lobbyists and accountants, paid at least as much as the average taxpayer. In fact the rich already pay more. The Joint Committee on Taxation, which is controlled by Republicans in Congress, says the best-paid 1% of Americans, who declare more than $219,770 in annual income, fork over 27% of it to the irs, in contrast to 5% paid by Americans earning the median income of $32,364. Forbes says he knows these numbers. But rather than correct his supporters, he nods and flashes that endearing smile. (continued at link provided) On Oct 2, 2:06 pm, VT Sean Lewis <[EMAIL PROTECTED]> wrote: > Here you go, > > I am saying we should all pay the same tax rate > that the rich should not get brakes on their dividend > and capital gains but pay the same rate as working class > Americans, you rebut with the Flat Tax solution. > > They are the SAME THING! Everyone pays the same rate! > > http://groups.google.com/group/PoliticalForum/browse_thread/thread/eb... > > On Oct 2, 3:02 pm, Gaar <[EMAIL PROTECTED]> wrote: > > > > > Link please... > > > I have never advocated a Flat Tax. > > > No surprise that you would attempt to give me an opinion, simply so > > you can rail on against it. > > > Care to try to discuss something I have asserted, rather than > > something you have asserted for me? > > > On Oct 2, 12:00 pm, VT Sean Lewis <[EMAIL PROTECTED]> wrote: > > > > Gaar, How have proven you wrong so many times > > > I don't even bother keeping count. The most > > > laughable moment when you argued against me > > > about everyone paying the same tax rate and you > > > instead advocated a flat tax system. > > > > That was priceless! > > > > On Oct 2, 2:36 pm, Gaar <[EMAIL PROTECTED]> wrote: > > > > > Funny... > > > > > I go "silent", with you, when you have failed to make a cogent > > > > argument to support your tripe... > > > > > Nice to know you believe you have 'made your point', when that > > > > happens. > > > > > On Oct 2, 11:33 am, VT Sean Lewis <[EMAIL PROTECTED]> wrote: > > > > > > This is how you sharpen your skills, > > > > > I enjoy the swarm, when they go silent > > > > > I know I have made my point. > > > > > > When they continue to buzz, I know I need to > > > > > work more on my position or rethink my position. > > > > > > On Oct 2, 12:42 pm, Doc Holliday <[EMAIL PROTECTED]> wrote: > > > > > > > Kiss my ass! > > > > > > > Peace, > > > > > > Doc- Hide quoted text - > > > > > > - Show quoted text -- Hide quoted text - > > > > > - Show quoted text -- Hide quoted text - > > > > - Show quoted text -- Hide quoted text - > > > - Show quoted text -- Hide quoted text - > > - Show quoted text - --~--~---------~--~----~------------~-------~--~----~ Thanks for being part of "PoliticalForum" at Google Groups. 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