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Ben Carson reveals his new tax plan (flat tax)

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posted on Jan, 6 2016 @ 08:11 PM
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a reply to: Aazadan

Do you think these guys want to pay a high tax rate on those numbers without any deductions?

I'm not saying that a flat tax is perfect but it could be a step in the right direction because it would encourage those in power to decrease the rate as low as possible out of their selfishness , which would also directly benefit the common folks as they would be tied at the hip.





edit on 22131America/ChicagoWed, 06 Jan 2016 20:22:53 -0600000000p3142 by interupt42 because: (no reason given)




posted on Jan, 7 2016 @ 06:28 AM
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a reply to: interupt42

They honestly wouldn't care, they're paying close to 15% as it is, and most with that type of money are paying an effective rate around 13%. Here's the issue, 15% can't fund the government it needs to be higher, like 25%. But, these taxes only tax income, when you're paid in stocks that you don't cash out you're never getting taxed on that income which massively reduces the effective rate.

All flat taxes hit the middle class the hardest. The way it's structured right now is the best way to do things. We could fix 50% of the issues just by removing the capital gains rate and taxing it the same as any other income. The other 50% is a lot harder to fix, and not something anyone would ever do.
edit on 7-1-2016 by Aazadan because: (no reason given)



 
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