Politics & Current Events
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Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Flat tax rates.
Do you like the idea of everyone paying the same percentage? Why or why not.
Re: Flat tax rates.
I'm not because:
1.) Unless the rate was exorbitantly high, we wouldn't get enough revenue to fund our government. So under a flat tax rate, either our people go broke or our debt runs rampant - neither sound good to me.
2.) It doesn't simplify much of anything because the tax rate isn't complicated (you just need a chart that has two columns: income range and tax rate - boom, done). The most complicated part of taxes is determining what is and isn't income. A flat rate would still have the same problem.
3.) I know most people won't care about this - but it's not fair. $1=/=$1. The first dollar you earn is much more valuable than the last dollar you earn, because you rely on it to survive. So 10% to someone making $20,000/year is a much, much, much greater burden than 10% to someone making $2,000,000. In the first case it threatens their survival. In the second case it probably doesn't even touch their lifestyle.
No. It would burden the middle class even more. Deductions would likely no longer be available,
Also I found this,
"Here are the countries that have a flat tax according to Wikipedia. Notice that this is not a list of enlightened nations: Bosnia and Herzegovina , Bulgaria, Albania, Czech Republic, Estonia, Georgia, Guernsey, Kazakhstan, Iraq, Jersey, Kyrgyzstan, Latvia, Lithuania, Macedonia, Mongolia, Montenegro, Mauritius, Romania, Russia, Serbia, Slovakia and Ukraine. They are not the countries that we generally seek to emulate"
Oh. Good reasoning. Let's have the middle class go even more broke so you can file your taxes easily.
::head desk::
I wondered if it would provide the revenues to run the government. That makes total sense.
you have no idea what PITA our tax filing is every year. so yea I have to say I agree. my opinion doesn't have to be yours
You're doing nothing to help the stereotype that Republicans only care about themselves.
You think having a simple tax filing system is important; I think families being able to feed their children is more important. We'll agree to disagree.
just so we are clear I've considered myself an Independent for quite some time
This exactly.
No. If you make $30,000 a year, you probably spend nearly every dollar of that on necessities - rent, electricity, water, food, etc. If you make $300,000, you are definitely not spending every dollar of that on necessities. So while it's a greater dollar amount, paying 15% of $300k mean sacrificing luxuries, while 15% of $30k means sacrificing necessities.
Yes, I do. I think that this is the only fair way, provided that investments and inheritances are included rather than just income.
And while no, it wouldn't be able to fund government spending as it stands, I don't think the government should be spending so damn much anyway. Don't even get me started on our outrageously bloated military.
No - like PP mentioned while it "sounds" fair, 20% can be a big burden for those with lower income.
I think we should eliminate a lot of deductions/credits though, in my experience and in talking with people it seems those who benefit most from a lot of those deductions are in fact the very wealthy. Which is why you get a millionaire like Romney only paying 13% tax rate.
I'm already paying about 20% right now in federal alone, and we are doing just fine. So while I get the reasons why the naysayers say nay, all those 13%ers getting closer to 20% seems a little more fairer than what theyve been getting away with.
That may have been really bad grammar, but I'm feeling a little petulant.
Flat tax would be perfect for lazy Americans.
Lol. Also, pretty much everything you've posted tonight (on the few threads people are actually participating in... Good lord this board is dead) has made me lol or want to high five you.