Quote:
Originally Posted by jms62
Joey there are plenty of uber rich folks in the 47%... Don't kid yourself.
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Well, I'm not one of them, and I'm not for that. This is one reason why I think a flat tax is a good idea. One rate - NO DEDUCTIONS for ANYBODY. No huge tax code to exploit or write in loopholes. No bracket creep where people do things to hide income to keep from getting into higher percentage withholding.
It is fair by definition - everyone pays the same proportional amount. You could exempt the first $40,000 or whatever makes sense, but anything over that is computed by a simple equation. The enforcement gets that much easier too.