[GCFL-discuss] Flat Tax

[gcfl-discuss at gcfl.net]

I don't quite understand what you mean. It would seem to me that the more
you make the higher the tax will be, even at 10%. 50% tax at any income
level just won't fly.

Dave


----- Original Message ----- 
From: <gcfl-discuss at gcfl.net>
To: "Shirley Heit" <sdmheit at verizon.net>
Cc: "Discussion of the Good, Clean Funnies List" <gcfl-discuss at gcfl.net>
Sent: Saturday, May 29, 2004 11:01 PM
Subject: Re: [GCFL-discuss] Flat Tax


> A flat tax is a dangerous proposal, pushed by the higher tax brackets to
> push more of the burden onto working families. It does have its appeal
> though, because EVERYONE is tired of how complicated the whole system is.
>
> Tax relief and reform needs to begin by exempting the first $20,000 or so
> from taxation. That applies to everyone, from a minimum wage counter
> person at McDonald's to Bill Gates. We all share this equally. After
> that, there should be a few graduated steps, say up to $50,000 at 10%
> (someone with $50,000 annual income would pay a total of $3000 tax),
> remaining income up to $100,000 at 15%, up to $500,000 at 25%, up to
> $1,000,000 at 35%, and over $1,000,000 at 50%.
>
> But deductions? Get rid of most of them. Businesses need to balance gross
> revenue and genuine expenses to determine income, maybe have a deduction
> for families with children, but for the rest, keep it simple and let
> people spend the rest without needing government permission to deduct it,
> or expecting subsidies from the rest of us for their choices of how to
> spend it.
>
> Siarlys
>
>
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