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Old 08-22-2005, 07:33 PM
Roger Roger is offline
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Default Re: Flat Tax Positives & Negatives

Quote:
Originally Posted by VJW
That’s actually a 'Negative', as having everyone pay "the same amount per dollar of income" means that even with exemptions for food, medical care, drugs, and housing, the Middle-class would pay almost 3 times as much of their income, proportionally, as the wealthy, and the poor would pay 5 times as much of their income, proportionally, as the wealthy.

#
I thought we were talking about a Flat Tax, not a "tax the rich because they can afford it" scheme. I believe if you look at the math, you will see that you are wrong when you say the poor and middle class would pay more proportionally. Perhaps you would like to take a space here and explain how you calculated your conclusions.
If everyone is paying 20 cents on every dollar they earn, how can the so-called wealthy be paying less? That is what happens with the system we have today. Under a flat tax, if you earn a dollar, you pay a flat percentage of it to the government. Hence the name - flat tax.
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