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meaning ALL people payed the same rate on ALL income. That I am in favor of.
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PPerky, what would you consider 'income'?
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Yep.
The ‘Flat Tax’ advocates want to exclude unearned income. Surprise, surprise, that would largely benefit the wealthy.
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VJW, how the heck is Rent received unearned? What's their rationale? Unearned income to my accounting brain means someone has paid me upfront, and I haven't done the work yet. If someone pre-paid rent, then maybe I can see that you would have to recognize that rent over the period...