Quote:
Originally Posted by DianeM
Do you not get that you would no longer have to worry about 20% rate on after deductions because there would be no need for deductions. A flat tax makes perfect sense to me and would basically be the new payroll tax. If no one has deductions - and I mean no one - it’s a level playing field. The lesser paid is in the same boat as the mogul. Works well. If you earn less, you pay less. If you earn more, you pay more.
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Perhaps you've enjoyed the privilege of never being tax exempt due to poverty. What you're suggesting is people who earn poverty rate, having to actually be even MORE poverty-stricken by not being allowed the standard deduction - which gives them a refund of the taxes they did pay, if any.
Being poverty-stricken is not something I'd recommend to anyone. Having to pay taxes for the privilege of being poor is just - nasty.