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Frankly, I don't understand the rationale behind a flat tax. Doesn't a flat tax system simply increase the low-end rates and decrease the higher mrginal rates? As I see it, it is designed to provide even more tax cuts to the highest earners while increasing taxes on the lowest. How does this even gain any support? (i.e., if someone pays fewer taxes, someone else pays more) A flat tax really just resets the marginal rates to the same level across the board. Right? Also, I don't see how this would affect IRS operations at all. Most of the activity of the IRS involves income definition, and the "flat tax" taxes income, right? Income would still need to be defined. Some folks say that the tax code would be simplified by eliminating deductions, but that's quite ludicrous when one considers small businesses. Are they to be taxed for gross profits, net profits, or net profits plus non-cash depreciation? The Flat Tax is a retard-based system of taxes. Wealth taxes make perfect sense, and it's a good way to tax citizenry in a way that prevents the cataclysm of unregulated capitalism. Love, Vitalis
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Oct 22, 2015 18:18
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| # ¿ May 10, 2024 05:59 |
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