Quote:
Originally Posted by serenityseeker
With all of the grumbling and misinformation/misinterpretation regarding tax plans of the candidates, I wonder about a flat tax plan?
For those of you with much more knowledge about the financial word than I could hope to have, I would love your input on the pluses and minuses of a flat tax rate...and let's leave the party line  out of it please. I would like some well informed opinions on both sides of the issue.
The few people I have talked with (accountants, bankers) about simply say it will never happen because of the massive loss of government jobs(IRS etc) and the fact that those with most of the money like the system the way it is because of room for manipulation. I don't know any of that to be fact but would like to hear some expertise from some of you.
thanx |
No expert here, but I have thought about a flat tax and like the idea. No exemptions for ANYONE, at EVERY income level. I think I remember someone say that a 5% across the board tax should do it.
Your right about the idea never coming to fruition, the bottom feeders will always want what you've spent your life earning so that they don't have to earn their own.