Is a Flat Tax a Good Idea? http://www.usnews.com/debate-club/is-a-flat-tax-a-good-idea...

OPP Newsletter

http://www.usnews.com/debate-club/is-a-flat-tax-a-good-idea

BoJester

No, the flat tax is a terrible idea. It sounds good to those who are confused with the current tax code, but the simplicity of the flat tax will never work. Why? business will never give up buines deductions for taxes, hiring, inveting, depreciation, etc. The business lobby and the tax prep lobby will never allow their politicians to v**e for a flat tax. So at the very least, there would have to be a two tiered tax system, which will not end fraud and abouse.
The best choice would be VAT or some consumption tax, but that is also problematic with rebates for low income, etc.

Dave Loc: Upstate New York

BoJester wrote:

No, the flat tax is a terrible idea. It sounds go... (show quote)

Do I understand your point to be it is a bad idea because those with special interests would not like it?

mflash345

I've got a better idea, although I do think flat tax would work with this also.

How about we k**l the Federal Income Tax altogether. Move the income tax to the state level with a flat tax for everybody. Then after the state has taken care of everything it needs to take care of it gives the federal government enough to maintain wh**ever it needs in order to keep the states, "The United States".

The states that don't have enough income can either be absorbed into a close by bigger state, or all of the states could contribute to a "fund" that would help the other states acquire what it needs to sustain itself.

That is kind of the simple of version of the idea, of course there would be many details to work out.

Peace

BoJester

It is a bad idea becuase it is unworkable and will never happen. And furthermore, even if it were possible what is the rate the flat tax would have to be? 18%, 22%, 25%, more?
FICA and Medicare are already a flat tax, and fail to produce enough revenue.

Dave wrote:

Do I understand your point to be it is a bad idea because those with special interests would not like it?

faithistheword

BoJester wrote:

It is a bad idea becuase it is unworkable and will never happen. And furthermore, even if it were possible what is the rate the flat tax would have to be? 18%, 22%, 25%, more?
FICA and Medicare are already a flat tax, and fail to produce enough revenue.

A flat tax is a good idea if there has to be any tax.
A flat 10% for EVERYONE is the only way to go. I don't care if it's 10% of your paycheck, or 10% of your welfare check--IT'S 10%!!!

BoJester

I know this is hard, but try to do the math. Take the budget, cut it by wh**ever per cent you want, determine how many taxable age taxpayers there are, excluding children, the elderly, the ill, the infirm etc. Then calculate what the rate would have to be. 10% is not close. But then stupid people think that fiction and reality are one and the same.

faithistheword wrote:

A flat tax is a good idea if there has to be any tax.
A flat 10% for EVERYONE is the only way to go. I don't care if it's 10% of your paycheck, or 10% of your welfare check--IT'S 10%!!!

hprinze Loc: Central Florida

The flat tax would do nothing to prevent federal, state, county, and city governments from collecting unlimited amounts in the form of licenses, registrations, inspections, permits, fines, surveys, and obscene fees like huge charges for copies of official docyments, court filing fees,m etc, stc, stc.

faithistheword

BoJester wrote:

I know this is hard, but try to do the math. Take the budget, cut it by wh**ever per cent you want, determine how many taxable age taxpayers there are, excluding children, the elderly, the ill, the infirm etc. Then calculate what the rate would have to be. 10% is not close. But then stupid people think that fiction and reality are one and the same.

Geez, but what is it with libs? No one can make a statement without their name-calling!
I happen to think that 10%--and eliminating ALL deductions, would be fair, and enough for the govt. to run.
That doesn't make me stupid!

ABBAsFernando Loc: Ohio

The current Federal Reserve System is a S**M created by a few Bankers to oppress the poor. The IRS was created by these bankers to control their enemies. A thug group to force everybody to fall in line to the few raking in the profits.

A Flat Tax would upset this Apple Cart! A flat tax of say 15% for everybody, no exceptions would provide more that enough to run every government program with more to spare. As it is today, the ones not paying taxes whatsoever would be forced to begin. Explains why they oppose the idea of a flat tax.

Just who is the Federal Reserve System anyway? Is it part of the Federal Government? NO, it is not. Where does the value of money come from? Is it backed by anything whatsoever? It used to be Gold, then Silver, then eventually NOTHING! That is right, NOTHING.

The Federal Reserve System waits for somebody to borrow money, then they issue a request for the creation of more money to be printed. That's it!

How long can this go on? Who knows? A house of cards will not be able to withstand much wind before it collapses.

Whatamess Loc: SC

faithistheword wrote:

Geez, but what is it with libs? No one can make a statement without their name-calling!
I happen to think that 10%--and eliminating ALL deductions, would be fair, and enough for the govt. to run.
That doesn't make me stupid!

Faith I agree with you...everybody and I mean everybody would have to pay a equal % of their income...no more EARNED (really unearned) Income tax checks for the low income folks..How do you earn $5,000 and get a refund check for $6,000..no wonder our country is broke!

oldroy Loc: Western Kansas (No longer in hiding)

BoJester wrote:

No, the flat tax is a terrible idea. It sounds go... (show quote)

Does old Bo know about the Fair Tax? It is a flat tax in that it would be paid by everybody when he consumes anything. There would be no other taxes, just that consumption tax. How much fairer could we be?

Maybe you need to study up on the Fair Tax so you could see what it is.

oldroy Loc: Western Kansas (No longer in hiding)

mflash345 wrote:

I've got a better idea, although I do think flat t... (show quote)

Head on over to the Neal Boortz website and see what the Fair Tax he pushes so hard amounts to. I think from what you say here that you may like to see the Fair Tax installed.

oldroy Loc: Western Kansas (No longer in hiding)

BoJester wrote:

I know this is hard, but try to do the math. Take the budget, cut it by wh**ever per cent you want, determine how many taxable age taxpayers there are, excluding children, the elderly, the ill, the infirm etc. Then calculate what the rate would have to be. 10% is not close. But then stupid people think that fiction and reality are one and the same.

I can see from this post that you know exactly nothing about the Fair Tax and how it would work. Please tai some time to find out what it is and them come back squealing about something you still don't understand and I will seriously try to help you understand what it is.

old white guy Loc: south Wisconsin

Excellent idea Old Roy, I can't understand why any American citizen who cares about the USA would support anything else--is that not precisely what BHO wants? Everyone pays their fair share.