Quote:
Originally Posted by OrangeBlossomBaby
10% is fine too. Make all the uber wealthy - that other 10% of taxpayers, take the standard deduction, and pay 10%.
Good luck convincing anyone to pass THAT through senate and congress though. The top 5% of wealth in this country itemize enough that their tax obligation is much less than 10%, and some of them pay nothing at all in taxes.
So sure - bring it on. 10% tax, with standard deduction ONLY, no more itemizing at all, for everyone.
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A flat tax is also something that would be enjoyed by the uber-rich. The only fair federal tax system WAS AND I DO MEAN WAS.......the TRUE PROGRESSIVE tax system used by the US of A in the 1950s. Note to those who don't know what progressive means.......it means that those with the higher income pay a bigger tax % than those with lower incomes. It is the American fair way ..........and it is DEAD today.........Look at the Zuckerbergs and Bezos. They are the beginning of rich industrial fascists that have taken over America.