Tom Cryer, Dr. Elaine and Ed Brown

vixweb · 08-01-2007, 06:18 PM

Since we all know the income tax will NEVER go away , What do y'all think about a "flat tax" say...10% ?

joepole · 08-01-2007, 06:42 PM

A flat tax would be great, but 10% is way too low. I wish we lived in a country that could survive on a flat tax of 10%. 40% is more realistic.

rhertz · 08-01-2007, 07:29 PM

Quote:

Originally Posted by joepole

A flat tax would be great, but 10% is way too low. I wish we lived in a country that could survive on a flat tax of 10%. 40% is more realistic.

I agree with you, all things being equal. But imagine what might happen to our economy with a flat tax or fair tax at around 20% to 25%. The economy would really soar. If the economy doubled, then revenues at 20% would equal the 40% mark in our old tax burdened system. I'm just saying the there are two ways to increase government revenues, raise tax rates or help taxpayers make more money. I prefer the second method.

joepole · 08-01-2007, 10:05 PM

The economy would not soar, it would likely collapse. It's an admirable goal, but one that would take decades to achieve.

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08-01-2007, 06:18 PM	#1
vixweb Advanced Member Join Date: Jul 2007 Age: 55 Posts: 291 Rep Power: 242	Since we all know the income tax will NEVER go away , What do y'all think about a "flat tax" say...10% ?

08-01-2007, 06:42 PM	#2
joepole SBLive! Veteran Join Date: Sep 2006 Posts: 1,606 Rep Power: 281	A flat tax would be great, but 10% is way too low. I wish we lived in a country that could survive on a flat tax of 10%. 40% is more realistic.

08-01-2007, 10:05 PM	#4
joepole SBLive! Veteran Join Date: Sep 2006 Posts: 1,606 Rep Power: 281	The economy would not soar, it would likely collapse. It's an admirable goal, but one that would take decades to achieve.

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