Opinions on a 10% flat tax?

With election for pres coming up again Ralph Nader, if I recall correctly, proposed a 10% flat tax. Reasons for? Reason against?

I think it%26#039;s fair. If you make $20,000 you pay $2,000 in taxes. If you make $100,000,000 you pay $10,000,000. No loopholes. No tax credits. Any thoughts?

Opinions on a 10% flat tax?

A flat tax is possible and everybody pays. It is a great idea.

Opinions on a 10% flat tax?

you people are a bit naive, do the numbers, a 10% flat tax will never create the same revenue, you will need the rate to be MUCH higher, people with low incomes will suffer Report It

Opinions on a 10% flat tax?

fair

Opinions on a 10% flat tax?

I think that would be great and completely fair. No more scammers getting back way more than they pay in.

Opinions on a 10% flat tax?

Income tax is illegal. It should be abolished completely.

Opinions on a 10% flat tax?

great for the rich.....they would only pay $100,000 on 1 million

Opinions on a 10% flat tax?

i would be for it if it was applied as a sales tax, that would in effect tax the underground economy. this would create so much more revenue.

Opinions on a 10% flat tax?

paying 10% of your income isn%26#039;t the same when you make $20,000 as when you make $200,000. I%26#039;ll bet there%26#039;s a cutoff point at something above $30,000 or for large families.

Opinions on a 10% flat tax?

I love it. Everybody pays!

Opinions on a 10% flat tax?

NO! A flat tax is still an income tax. You still have to file. You can still be audited. You are still required to keep records.

The answer is a national sales tax. You pay it when you make a purchase. No filing! No excuse to parasite bureaucrats to know how much money you make, or where you spend it.

Opinions on a 10% flat tax?

UNFAIR

a flat tax is much worse on low income individuals

a progressive flat tax is more fair

YOU CAN%26#039;T REPLACE CURRENT REVENUE WITH A 10% FLAT TAX, YOU WOULD PROBABLY NEED A 40% FLAT TAX TO GENERATE THE SAME REVENUE

Opinions on a 10% flat tax?

This proposal makes more sense and is already in the system as H.R.25>>>>http://www.fairtax.org/

Opinions on a 10% flat tax?

A flat tax is not possible for many reasons. If it was based solely on salary, taxable salary, than it would be unfair because obviously a $2,000 for a 20k makes a lot bigger dent than the richer guys. Also say the rich guy doesnt make a salary, but accrues net value because of stock, how do you apply a flat tax to money that isnt there? it doesnt work, period.

Opinions on a 10% flat tax?

the big time money makers control government through special interest groups. they%26#039;ll never ever let it happen. also big buisness would have 2 fork out way too much money. how about no income tax and a high sales tax on everything. then everyone pays. drug dealers, tourists, aliens, everyone

Opinions on a 10% flat tax?

A National flat tax will only hurt the people under $80-100,000 a year. Every penny is needed to maintain basic living expenses.

I agree there needs to be a reform.

More taxes on imports and less on exports

More credit for childcare, seniors, health care and most of all education at all levels and redevelopment of senior resources.

I think we should greatly increase tax luxury items and products like liqueur, cigarettes and legalize other items and tax the crap out of them as well.

Opinions on a 10% flat tax?

Yah that would be great. Wont ever happen though

Opinions on a 10% flat tax?

Absolutely! That system worked great for the O.T. Jews!!

Opinions on a 10% flat tax?

great if there are no loopholes and no deductions.better would be to have no income tax at all,but have like 15% sales tax on everything.there would be no cheating other than to steal.that way drug dealers and prostitues who pay no tax now would pay when ever they buy a new car some gold or diamonds.like i said if they steal they get over but at least you get something out of them once in a while.

Opinions on a 10% flat tax?

It%26#039;s better than what we have but I think the fair tax would be better. It taxes you on what you spend and not what you earn. What about the drug dealers and the people who have wealth and get around paying with loopholes. No more taxes out of check ,SS,FICA ,etc. Companies pay no tax ,just pass it on to us. There is about a twenty two percent in beaded tax on everything we buy. With a national sales tax IRS would be done away with.No more tax for these companies to pass on to us and companies would drop their prices due to competition.

Opinions on a 10% flat tax?

The flat tax is another Republican scam to get out of paying the progressive tax and tax on investments. When are you working people going to get tired of being conned by the Republican spokesmodels. I have never heard Ralph Nader endorse the flat tax, please show a source. As for a purchasing tax, the rich would avoid that by using their expense accounts to make purchases.

Opinions on a 10% flat tax?

bad. Think about how much you pay in taxes now... if you%26#039;re anything like me, it%26#039;s more than 10%. Thus moving to 10% cuts the money to the government leaving our country a little shittier.

Opinions on a 10% flat tax?

I%26#039;m all for it. I used to not be, but as I learned more about it, I realized that it made more sense. This way, the rich would pay more than those who have less money, but each person would still pay the same percentage. Sounds perfectly fair to me.

Opinions on a 10% flat tax?

Tax is a mechanism to 1. generate revenue to fund program that government provides to the citizens and 2. encourage or discourage certain behavior that is positive (encouraged) and negative (discouraged) to society%26#039;s burden. On that basis, I would go for a flat tax above the threshold of poverty income. That way, families at or below the poverty income would not be taxed on their income. Families above the poverty income will pay proportinately to their produced income, whether wage earning or investment income.

To the extent that government programs is insufficiently funded by the 10% flat tax, then the principle of taxing consumption, i.e sales tax should increase. That way, the more people consume, the more tax money is collected to fund the environmental and social problems that comes with consumption.

With simplified tax rules and minimum loopholes of tax examptions, we can re-develop the current army of accountants and tax attorneys so that they can do something else that is more positive.

Opinions on a 10% flat tax?

The FairTax is better.