Quote Originally Posted by No Contest
Quote Originally Posted by boozeboxer
Quote Originally Posted by No Contest
I know very little about him, but he is a good speaker, dont really know his platform. Hilary seems to have more of a plan, and I am all for health care for everyone, S*** if Canada can do it, damn it we can do it...definately tax the corporations and ultra wealthy but nobody dares F*** with them....and why oh why is there not a flat tax rate? Can someone explain that to me?
A flat tax is exactly what wealthy people and corporations want! IT is because it is by far the most 'regressive' type of tax. Taxes such as flat taxes, fees, sales tax, etc. are regressive because poor people pay much more of their % of income on them. Whereas an income type tax is made to a mroe incremental type of system.
Well our income tax brackets are screwed because the wealthy pay a far lower percentage, a flat tax would make them pay more wouldnt it?
Absolutely NOT! YOu would pay more and they would pay less. So I guess it evens out. I mean think about it. A "flat tax" is the same rate paid by all. There are a hell of a lot more poor to middle class people than wealthy. So by common sense they will pay less.