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The real solution: a flat tax. 20% for everyone, regardless of take. A fair, non-political solution. Dismantle the IRS, ditch all of the complexity.
by rglover 6y ago
The real solution: a flat tax. 20% for everyone, regardless of take. A fair, non-political solution.
Dismantle the IRS, ditch all of the complexity.
- maerF0x0 6y ago> ditch all of the complexity. I fully agree with a flat tax w/ 0 baseline deduction. but we still need a definition of what is "take". Afterall , paying 20% tax on $100 receipts makes no sense if it cost me $105 in expenses already.
- spaetzleesser 6y agoA flat tax is a big tax cut for higher incomes without reducing complexity. The complexity of the tax code is to determine taxable income. The flat tax doesn’t help with that. Once you have determined taxable income then calculating taxes owed is easy no matter how the curve looms.
- rrrrrrrrrrrryan 6y agoProgressive taxation is viewed as more fair by more people that flat taxation. You're using "income" as your input variable to calculate "fairness", but you could just as easily use "disposable income". Someone making $25,000 per year might have a disposable income of $0. Asking this person to kick in $5000 seems ludicrous. I honestly don't know how you could assess fairness without looking at ability-to-pay: (income) - (basic survival needs) = (money leftover you can potentially contribute to the government) This is obvious, fair, and is why most nations have progressive taxation structures.
- rglover 6y agoI'd rather see a tax floor than progressive taxing. Assuming deductions weren't a thing, if you're making less than $40k per year (for example, I'd have to do the math to figure out the exact amount based on commodity and housing prices), you don't pay taxes. That, or a progressive tax with a ceiling at 20%.