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The Flat Tax: Too Little Too Soon. »

Posted by: populist 4 months, 2 weeks ago

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Federal taxation will exist so long as there is a Federal government, obviously. There are some proposals to make the Federal Income Tax less onerous. The best-known proposal for reforming the Federal Income Tax is the Forbes Plan. Steve Forbes has proposed a flat and simple tax of seventeen percent. There are several problems with the Forbes propo

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texangelwings4 months, 2 weeks ago

A Flat tax would be handled just like the Social Security a percentage taken out of a paycheck and was not suppose to exceed 3 1/2%. Open that door to the flat tax and the sky will be the limit and will be more than most working people are paying now!
We use to be able to deduct the interest paid on cars, credit cards and loans of all types, those deductions are all gone!
Interesting, thanks pop!
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  jmopinion4 months, 2 weeks ago
  
  BTW, what the hell happened to all that money the Govt. gained on the elimination of interest on credit cards etc. which had to be a huge windfall for the Govt.
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    simonsez4 months, 2 weeks ago
    
    Did they eliminate interest on credit cards???
    Nobody told me ...
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      jmopinion4 months, 2 weeks ago
      
      I wish.
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GHOSTWHOWALKS4 months, 2 weeks ago

Without taxes maybe the government would learn to be frugal. Doubtful. Taxes are like a license to steal and a endless supply for the greedy.
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Will13134 months, 2 weeks ago

I like a the Fair Tax.. with some modifications.. and EVERYONE PAYS... rich, poor...
rich people buy rich people stuff...
poor people buy poor people stuff..
people who now pay little or NO tax.. would get to contribute...
not only the Butcher, The Baker and the Candlestick Maker.. but the Pimp, the Drug Dealer, the Hooker.. the Handyman who gives you a special deal for CASH..
EVERYONE PAYS.. SOMETHING.. and the best part YOU GET TO DETERMINE HOW MUCH YOU PAY...
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  jmopinion4 months, 2 weeks ago
  
  I agree. I think the fair tax would be great. Even the flat tax in a lot of the eastern block nations has been working well.
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  Mdiar4 months, 2 weeks ago
  
  I like the idea of the fair tax as well. However, an income tax of some kind would still have to exist as well as a form of waiver for poor to purchase X amount of food and other necessities without paying taxes on it.
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chuck-the-canuck4 months, 2 weeks ago

Taxes and death, two certainties. But, there is nothing wrong with taxes as long as the government spends the money wisely. Much better for the government to use its tax dollars to help its citizens rather than fund immoral and illegal wars on the other side of the world.
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MilesAway4 months, 2 weeks ago

And what, if we didn't had/have "immoral and illegal wars on the other side of the world", would all these industries and their employees do?
Could they have JOB and keep they families together?

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populist

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