08-09-2011, 03:46 AM
john dough wrote:
While I do not believe in a progressive tax, I DO believe that many loopholes that the wealthy enjoy should be abolished and that the wealthy are enjoying the benefits of making their money in America without paying for their fair share.
Exactly. Flat tax. No exceptions. Have a nice day. Here's your tax return, now pay a flat percent of what you earned. On EVERYTHING. Exemption ? Nah. Deduction ? Nah.
You made $10,000 last year ? Give us $1,000.
You made $100M last year ? Give us $10M.
You've got 32 children ? That's nice. Give us 10% of your earnings.
You've got a mortgage ? That's nice. Give us 10% of your earnings.
You got stock dividens ? That's nice. Give us 10%.
You sold stock and made a profit ? That's nice. Give us 10%
You're a corporation ? That's nice. Give us 10% of your earnings. That's the "Profit" stuff. yeah. that stuff. No, boobs for your secretary are not a Business Expense. Oh. she's a Porn star ? OK, the cost is income to her. Give us 10%. Nipples first, please.
You collection a pension, social security, welfare, workfare, penguinfare. That's nice. Give us 10%
You're a highly paid and compensated tax lawyer ? Sorry. Go get a real job. Here's a shovel, you're obviously familiar with what comes out of the back end of a horse.
I think if most Americans would Do. The. Math. they would find out that it will mean they will pay less overall, and have less to worry about.
Imagine ! Doing your taxes in all of 10 minutes ?