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Discussion and Debate
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How about a flat tax?
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<blockquote data-quote="Yinlowang" data-source="post: 568744" data-attributes="member: 3168"><p>OK Morat, using your link, the numbers are just about the same. </p><p></p><p>top 1% of returns paid 25.1% of all taxes </p><p></p><p>top 10% of returns paid 41.2% of all taxes. </p><p></p><p>top 20% of returns paid 67.7% of all taxes. </p><p></p><p>top 40% of returns paid 85.6% of all taxes. </p><p></p><p></p><p>The one change I would love to see in the tax system is totally revenue nuetral. I want to do away with withholding and have everybody have to make quarterly estimated tax payments. Writing that check Every quarter is ALOT more painful than having it come out of your check allmost invisibly 26 times a year.</p></blockquote><p></p>
[QUOTE="Yinlowang, post: 568744, member: 3168"] OK Morat, using your link, the numbers are just about the same. top 1% of returns paid 25.1% of all taxes top 10% of returns paid 41.2% of all taxes. top 20% of returns paid 67.7% of all taxes. top 40% of returns paid 85.6% of all taxes. The one change I would love to see in the tax system is totally revenue nuetral. I want to do away with withholding and have everybody have to make quarterly estimated tax payments. Writing that check Every quarter is ALOT more painful than having it come out of your check allmost invisibly 26 times a year. [/QUOTE]
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How about a flat tax?
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