RDD_1210
Forms his own opinions
- May 13, 2010
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How do you figure a flat tax of 20 percent is raising taxes on the middle class when the average income tax rate for middle class is 28 percent?
Any plan that lowers the total amount of federal income tax receipts (and capital gains taxes) collected from high income earners will require raising taxes on another segment of the population. Poor people don't have that kind of money, and middle class earners are the largest single group in this country. Who do YOU think is going to have to make up the difference?
That doesn't explain how person who is paying a 28 percent tax rate now and who would be paying a 20 percent flat rate under Perry's plan would be paying more.
You can cut spending to offset the decrease in revenue. I know it's a wacky idea!
How come you decided to skip the 10% and 15% tax brackets?
Oh, I know...didn't fit the cute little story you were trying to tell.