Forum Post: Flat tax next wave of reforms. Inspired by OWS.
Posted 12 years ago on Oct. 25, 2011, 1:09 p.m. EST by frankjr
(44)
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Flat tax is great. Every body pays 20% on their income. In this way everybody gets same percentage. No exceptions. That right in to our OWS philosophy that every body pays their fair share.
I think this flat tax idea is OWS inspired. I am all for it. Simple tax return. One line income x .20 that is your tax. As an OWSer I am for it. So warren buffet and me pays same percent. That is equality. That is why Cain is so popular and now other candidates are riding the wave. So much money is wasted on lawyers and accountants by the 1% to exploit the laws. Now they cannot use any of those loopholes.
I think the Fair Tax (www.fairtax.org) is a better idea because it would eliminate all income tax returns and the IRS would be abolished so employers would no longer need to pay employees' FICA and we could bring back jobs from overseas which have been sent over there mainly for that reason-so employers won't have to pay their share of employees FICA
soooo, let me get this straight...you raise the lowest marginal tax rate and lower the highest one and that makes things fair because now the poorest people pay more and the richest pay less.
It should be at least the same...
Is insane that rich pay less?? that is very silly to other countrys to understand.
Usually pays more percente hom more has.
Warren buffet doesn't agree with the flat tax. He has said many times that he should pay a higher rate than his secretary. Under the current system however she pays a higher percentage. For this reason a flat tax is better but I agree that a progressive tax system seems more fair.
The current code has to be done away with in any case. It takes up to 2 weeks to do my taxes at this point and I'm never sure if they are correct or if I should have gotten more back or paid more.
See http://www.themultitude.org/forum/viewtopic.php?f=4&t=23 for why a graduated income tax will most likely save you money in the end while still providing for defense, infrastructure, and social services.
See http://occupywallst.org/forum/flat-tax-fair-tax-and-9-9-9-oh-my/ for why a flat tax is actually a highly regressive tax that won't help this country one bit.
Why we do not like simplicity? I want everybody pay the same. Every state have sales tax which is flat. You pay percentage of sales price. I do not have to file paper work.
Simplicity does not mean equality; I want a plan that distributes tax income fairly between different income levels, keeps Social Security and Medicare safe, and lets us at least try to balance the budget. Flat taxes won't do that but a graduated income tax will. Besides, I'm pretty sure the tax codes would get a lot simpler if capital gains were counted as regular income and loopholes were removed, and I completely agree with doing those things.