Do you support a Flat Tax a Fair Tax or a Progressive Tax ?

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Do you support a Flat Tax a Fair Tax or a Progressive Tax ?

http://en.wikipedia.org/wiki/Flat_tax

http://en.wikipedia.org/wiki/FairTax

http://en.wikipedia.org/wiki/Progressive_tax

Fair Tax is hard to enforce.
Flat Tax hurts the poor.
Progressive Tax is okay as long as the rates are progressively low.

Flatten the progressive taxes and eliminate loopholes. Make 3 tax brackets. 30-5999.99K, would pay 7%% 60K-150K12% and 150K will pay 20%+. Make a constitutional amendment which states that nobody is allowed to be taxed more than half of their income in any jurisdiction.

Put consumption taxes on all luxury modes of transportation which costs more than the salary of the first bracket and place a luxury tax on the houses of those whose income is more than 4* the salary of the first bracket. If you can afford to play, you can afford to pay. That's how life works.

Flat tax sounds good.

I assume you mean a flat rate, rather than a fixed amount. It would work as long as there were a bottom cutoff for the very poor.

ruveyn

Fair tax.

Flat tax should be simple and fair. After all, the church calls for tithing which is 10% and regardless of your income level. Why politicos think it is wrong for the poor to pay the same percentage as everyone else is really odd.

Progressive tax is unfair in that it pushes different burdens on different people. Punishes those who are successful, and frankly, the problem with a progressive tax is that it uses a complex revenue code and enforcement mechanism which is more about political power and control than collecting revenue.

The Fair Tax would not be complicated to deal with. It is, in essence, a federal sales tax, and it would be collected at the point of sale just as they do for state and local sales taxes. It would be simple, fair to all (you only pay it as you consume goods and services), it would take power and control away from government (no longer using tax policy to shape society), and it would promote economic growth as the more people buy, the more revenue is generated.

FairTax is way more complicated than they let on. One, the 16th amendment would have to be repealed by constitutional amendment which would likely never happen. If a FairTax would ever be implemented without the repeal of the 16th amendment, there would be nothing stopping the congress from just reimplementing the income tax later so we'd end up with a national sales tax PLUS the same ole progressive income tax like much of socialist Europe. While it would it would get the IRS off our back, it would create two new beasts called the Sales Tax Bureau and the Excise Tax Bureau. If you think the IRS hounding you on your yearly income is bad, just wait until the government is hounding you on every little transaction. The whole "prebate" nonsense of it is just cleverly disguised welfare, basically a family of 4 for receive a $400-500 check every month from the government, a massive new entitlement program. While the idea of sales tax replacing the progressive income tax isn't a bad idea, the FairTax plan is terrible.

What they should do is just completely get rid of the income tax, only 1/3rd of our government is funded by it. That would obviously mean massive spending cuts but that could partially be offset by a small protective tariff.

No person whose income is under $40,000 should be taxed federally.

An ideal tax bracket (No deductions):
$40-50k 5%
$50-100k 10%
$100k-1m 15%
$1m+ 20%

I don't see a strong reason against a moderately progressive tax. Just make it very simple. Basically take a flat tax code and just "add progressivity". An equation would be nice, but the major worry would be cases like the person who owed more in taxes than they made that year due to a tax code design issue.

flat tax (people get taxed, not corporations)

i believe in equality. why should people get punished for making a lot of money?

Behind every fortune there's a crime.

How is everyone paying the same percentage of taxes "punishment"?

Why should corporations pay less taxes than people?

How is that "equal"? That's so ridiculous.

Everyone should pay approximately the same percentage. It is not punishment for being rich, but actually that if you have more wealth, the government has more expenses to protect your wealth, so it is rather obvious, let everyone pay the same percentage of taxes. Nobody should feel entitled to not paying taxes.
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You shouldn't argue about economic issues when your understanding of the subject is stuck in the 19th century.

That actually goes for about half the people in this thread.

So.... you're against Marxism?

You either tax capital gains at the corporate level, or you tax it as income of the share holders, if you hit the corporation and the shareholders, you are taxing the same money twice.

Would you like your income taxed twice?

Ugh. You have absolutely no shame do you? You can't get blood from a stone so shifting the tax burden onto the poor will only force the US into a 3rd world banana republic.