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Don Goldberg's avatar

Well, we wandered in the wilderness for 40 years. When the hell do they get to the promised land? 

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Beau Phillips's avatar

At the risk of being over-simplistic, what if the US adopted a new income tax plan? Everyone pays a flat 10% - whether you earn $100 bucks or $100 million. No deductions, no IRS. Could that work?

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jon sinton's avatar

The "Flat Tax" was debated a lot in the 90's when Neil Boortz championed it. It could work if low income families were exempted, since $4,000 on a gross of $40K is more significant to a working people family than even $200K is on a $2M gross, but there goes the idea of everyone paying the same percentage. Additionally, excise taxes, sales taxes, gas taxes, etc. eat into a family budget, but aren't really felt by higher income folks.

I'd love to see a hybrid flat tax that throws all loop holes out the window, but the tax attorneys and CPAs benefit from overly complicated tax laws, and they have juice.

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Brad Willis's avatar

Bravo Jon!

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jon sinton's avatar

Clever boy!

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