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Old February 1st, 2012, 08:27 AM   #47
kickstand
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Quote:
Originally Posted by mschaffer66 View Post
Those two comments kind of contradict each other.

Like you said the impact of life's necessities is very different for someone making 10k a year, 50k a year, and 100+k a year. $100 a month for heat is a drop in the bucket for someone making $100k, but a devastating bill for someone making 10k.

To me that's where the potential, and probably more like eventual, failure of a flat tax would come in. 10% flat off the top with no allowances or deductions would actually probably benefit most people making $100k a year. But that same 10% for someone below the poverty line that counts on deductions for kids and what not would be horrible for them.

I'm not actually trying to be argumentative. I too think its the only "fair" way to do it. But I don't think it would work because it will leave people behind.
While my posts may seem to contradict the idea of a flat tax, it doesn't mean I give a shit about the affect a flat tax will have on those who don't make as much money. I find myself for the first time in 5 years getting a decent tax return this year. Apparently I fucked up on my w4 and put in too much money.

I make more than the 50k household average, I make far less than the "200k isn't all that much money 2%er's out there). A flat tax of whatever percentage would seem very fair to someone like myself who sees (look at previous post) friends who are single moms getting back more then they put in, you know who's leaching off the system and still getting nice returns, etc.

If everyone put in an even percentage, or the tax code made more sense to those who don't have a PHd in bullshittery, class divide may not seem quite as bad.

sure, it may give an advantage to those who make more, but if everyone put in 10% or 20% or 30% at least we all would know everyone is putting in a fair share of what they make.
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