MelodicMetalGod
Registered
The problem with a flat tax is the if you take $2,000 in taxes from a family of 4 making $60,000, that's a significant life style hit. On the other hand if you take $20,000 from a family of 4 making $600,000, it's no big deal. A flat tax is therefore regressive and disproportionately hurts the poorer tax payer.
Taking $2k from a family making $60K isn't squat. Neither is taking $20K from someone making $600K. EVERYBODY HAS TO HAVE SKIN IN THE GAME or it WON'T WORK.
Exactly.
Let's make the math even simpler. 10% tax, not just on earned income but on ALL income. That's a 10% hit on EVERYONE. Not just the rich. Not just the poor. Not just the middle class. Everyone. Not asking billionaires to pay more b/c their wealthy and not allowing non-rich to pay less b/c their not wealthy. Everyone pays the same amount proportional to the income they are able to generate. Anything other than flat tax is some form of arbitration/manipulation of what a given individual will pay (i.e., not fair/double standards) and allows our government to obscure how much they collecting and/or crediting to whom and for what reasons.
If you're taking the same percentage from ALL forms of income and the tax code is transparent (flat tax) as opposed to the current obscenity (72,000 page US tax code, last I checked), then everyone is taking the SAME lifestyle hit. Earn more, pay more. Earn less, pay less. Simple, fair, transparent. And the transparent part is the first step to holding the government accountable for the tax revenue it collects.