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The thing is, it isn't the fact that everyone would be paying the same tax rate that makes the flat tax able to be filled out on a postcard.
It is the elimination of tax expenditures which make that possible. You don't even need a flat tax to do this. You could keep the current tax brackets and still be able to fill out your taxes on a postcard if you eliminated tax expenditures.
Ignorance of this fact by the mathematically innumerate is taken advantage of by Flat Tax proponents.
Ben Carson wants Huckabee's old time slot on Fox News, I think.
You really have no clue what "regressive tax" means, do you.The thing is, it isn't the fact that everyone would be paying the same tax rate that makes the flat tax able to be filled out on a postcard.
It is the elimination of tax expenditures which make that possible. You don't even need a flat tax to do this. You could keep the current tax brackets and still be able to fill out your taxes on a postcard if you eliminated tax expenditures.
Ignorance of this fact by the mathematically innumerate is taken advantage of by Flat Tax proponents.
Here is some math for you genius. someone making $50,000 a year paying lets say for instance a 20 percent flat tax would pay $10,000 dollars. Someone making $500,000 would be paying $100,000 in taxes. rich are paying more. Try again.
epublican presidential candidate Ben Carson’s plan to institute a flat tax plan that experts have said would give a massive break to the wealthiest Americans.[sic]
If your income falls in a 35% income tax bracket, you could fill out your taxes on a postcard were it not for the thousands of tax expenditures on the books.
If your income falls in a 25% income tax bracket, you could fill out your taxes on a postcard were it not for the thousands of tax expenditures on the books.
So, you see, there is no magical quality about a "flat tax" that makes your filing fit on a postcard. It's the elimination of tax expenditures that makes it possible. And that means, boys and girls, we don't need a Flat Tax to simplify our taxes.
Billionaires make out like bandits Fox News host smacks down Ben Carson s Bible-based flat tax
epublican presidential candidate Ben Carson’s plan to institute a flat tax plan that experts have said would give a massive break to the wealthiest Americans.
Carson said that under his flat tax plan, earners would “pay according to your ability.”
“I got that idea, quite frankly, from the Bible — tithing,” he explained. “You make $10 billion a year, you pay a billion. You make $10 a year, you pay one. You get the same rates. That’s pretty darn fair if you ask me.”
“Now some people say poor people can’t afford to pay that dollar. That’s very condescending,” he continued. “I can tell you that poor people have pride too. And they don’t want to be just taken care of.”
“Doctor, here is the problem with the flat tax in the real world,” Wallace noted. “According to the Tax Policy Center, to raise the same amount of revenue we do now, the tax rate would have to be in the low to mid 20 percent range. Low and middle income families would get a big tax hike while wealthy families would actually get a big tax cut.”
“That’s actually not — I don’t agree with that assessment,” Carson insisted. “Because I’ve been in contact with many economists. And in fact, if you eliminate the loopholes and the deductions then you’re really talking about a rate somewhere between 10 and 15 percent.”
Wallace pressed: “I’ve got to tell you that outside experts we talked to, you’re talking in the 20s… For instance, you talked about low-income families. Not only don’t they pay, they actually get an earned income tax credit. Now, you’re going to have them paying 10 to 15 percent of whatever income they have or 20 percent if my experts are right.”
“I’ve got to tell you, a lot of independent studies say that the people who make out like bandits in this are the wealthy,” the Fox News host added.
Carson did not specifically address whether low-income earners would be hurt by a fair tax, but argued that there were “a number of things involved.”
Watch the video below from Fox News’ Fox News Sunday, broadcast May 10, 2015.
He gets his ideas from the bible? C'mon Doc
Billionaires make out like bandits Fox News host smacks down Ben Carson s Bible-based flat tax
epublican presidential candidate Ben Carson’s plan to institute a flat tax plan that experts have said would give a massive break to the wealthiest Americans.
Carson said that under his flat tax plan, earners would “pay according to your ability.”
“I got that idea, quite frankly, from the Bible — tithing,” he explained. “You make $10 billion a year, you pay a billion. You make $10 a year, you pay one. You get the same rates. That’s pretty darn fair if you ask me.”
“Now some people say poor people can’t afford to pay that dollar. That’s very condescending,” he continued. “I can tell you that poor people have pride too. And they don’t want to be just taken care of.”
“Doctor, here is the problem with the flat tax in the real world,” Wallace noted. “According to the Tax Policy Center, to raise the same amount of revenue we do now, the tax rate would have to be in the low to mid 20 percent range. Low and middle income families would get a big tax hike while wealthy families would actually get a big tax cut.”
“That’s actually not — I don’t agree with that assessment,” Carson insisted. “Because I’ve been in contact with many economists. And in fact, if you eliminate the loopholes and the deductions then you’re really talking about a rate somewhere between 10 and 15 percent.”
Wallace pressed: “I’ve got to tell you that outside experts we talked to, you’re talking in the 20s… For instance, you talked about low-income families. Not only don’t they pay, they actually get an earned income tax credit. Now, you’re going to have them paying 10 to 15 percent of whatever income they have or 20 percent if my experts are right.”
“I’ve got to tell you, a lot of independent studies say that the people who make out like bandits in this are the wealthy,” the Fox News host added.
Carson did not specifically address whether low-income earners would be hurt by a fair tax, but argued that there were “a number of things involved.”
Watch the video below from Fox News’ Fox News Sunday, broadcast May 10, 2015.
He gets his ideas from the bible? C'mon Doc
I think his ideas on the flat tax are dependent on what deductions are or aren't allowed before we can judge it.
For instance:
Deduction on food for poor?
Deduction on utilities for poor?
Deduction for medical for poor?
Loopholes closed for EVERYONE?
No more paying people to have babies?
Etc.....
Billionaires make out like bandits Fox News host smacks down Ben Carson s Bible-based flat tax
epublican presidential candidate Ben Carson’s plan to institute a flat tax plan that experts have said would give a massive break to the wealthiest Americans.
Carson said that under his flat tax plan, earners would “pay according to your ability.”
“I got that idea, quite frankly, from the Bible — tithing,” he explained. “You make $10 billion a year, you pay a billion. You make $10 a year, you pay one. You get the same rates. That’s pretty darn fair if you ask me.”
“Now some people say poor people can’t afford to pay that dollar. That’s very condescending,” he continued. “I can tell you that poor people have pride too. And they don’t want to be just taken care of.”
“Doctor, here is the problem with the flat tax in the real world,” Wallace noted. “According to the Tax Policy Center, to raise the same amount of revenue we do now, the tax rate would have to be in the low to mid 20 percent range. Low and middle income families would get a big tax hike while wealthy families would actually get a big tax cut.”
“That’s actually not — I don’t agree with that assessment,” Carson insisted. “Because I’ve been in contact with many economists. And in fact, if you eliminate the loopholes and the deductions then you’re really talking about a rate somewhere between 10 and 15 percent.”
Wallace pressed: “I’ve got to tell you that outside experts we talked to, you’re talking in the 20s… For instance, you talked about low-income families. Not only don’t they pay, they actually get an earned income tax credit. Now, you’re going to have them paying 10 to 15 percent of whatever income they have or 20 percent if my experts are right.”
“I’ve got to tell you, a lot of independent studies say that the people who make out like bandits in this are the wealthy,” the Fox News host added.
Carson did not specifically address whether low-income earners would be hurt by a fair tax, but argued that there were “a number of things involved.”
Watch the video below from Fox News’ Fox News Sunday, broadcast May 10, 2015.
He gets his ideas from the bible? C'mon Doc
Why is it regressive?With no tax expenditures, as Carson suggested, the flat tax rate would have to be around 17 percent.
However, a flat tax is highly regressive, which Wallace didn't even get into in that short clip.
Why are you libs so hung up on taxation?....Mainly the increase in taxes to confiscatory levels?Carson started to say the study wasnt true but then he'd have to put up or shut up.
So he went with the "I dont BELIEVE that" dodge. Because you dont have to prove anything with a belief
Billionaires make out like bandits Fox News host smacks down Ben Carson s Bible-based flat tax
epublican presidential candidate Ben Carson’s plan to institute a flat tax plan that experts have said would give a massive break to the wealthiest Americans.
Carson said that under his flat tax plan, earners would “pay according to your ability.”
“I got that idea, quite frankly, from the Bible — tithing,” he explained. “You make $10 billion a year, you pay a billion. You make $10 a year, you pay one. You get the same rates. That’s pretty darn fair if you ask me.”
“Now some people say poor people can’t afford to pay that dollar. That’s very condescending,” he continued. “I can tell you that poor people have pride too. And they don’t want to be just taken care of.”
“Doctor, here is the problem with the flat tax in the real world,” Wallace noted. “According to the Tax Policy Center, to raise the same amount of revenue we do now, the tax rate would have to be in the low to mid 20 percent range. Low and middle income families would get a big tax hike while wealthy families would actually get a big tax cut.”
“That’s actually not — I don’t agree with that assessment,” Carson insisted. “Because I’ve been in contact with many economists. And in fact, if you eliminate the loopholes and the deductions then you’re really talking about a rate somewhere between 10 and 15 percent.”
Wallace pressed: “I’ve got to tell you that outside experts we talked to, you’re talking in the 20s… For instance, you talked about low-income families. Not only don’t they pay, they actually get an earned income tax credit. Now, you’re going to have them paying 10 to 15 percent of whatever income they have or 20 percent if my experts are right.”
“I’ve got to tell you, a lot of independent studies say that the people who make out like bandits in this are the wealthy,” the Fox News host added.
Carson did not specifically address whether low-income earners would be hurt by a fair tax, but argued that there were “a number of things involved.”
Watch the video below from Fox News’ Fox News Sunday, broadcast May 10, 2015.
He gets his ideas from the bible? C'mon Doc
Billionaires make out like bandits Fox News host smacks down Ben Carson s Bible-based flat tax
epublican presidential candidate Ben Carson’s plan to institute a flat tax plan that experts have said would give a massive break to the wealthiest Americans.
Carson said that under his flat tax plan, earners would “pay according to your ability.”
“I got that idea, quite frankly, from the Bible — tithing,” he explained. “You make $10 billion a year, you pay a billion. You make $10 a year, you pay one. You get the same rates. That’s pretty darn fair if you ask me.”
“Now some people say poor people can’t afford to pay that dollar. That’s very condescending,” he continued. “I can tell you that poor people have pride too. And they don’t want to be just taken care of.”
“Doctor, here is the problem with the flat tax in the real world,” Wallace noted. “According to the Tax Policy Center, to raise the same amount of revenue we do now, the tax rate would have to be in the low to mid 20 percent range. Low and middle income families would get a big tax hike while wealthy families would actually get a big tax cut.”
“That’s actually not — I don’t agree with that assessment,” Carson insisted. “Because I’ve been in contact with many economists. And in fact, if you eliminate the loopholes and the deductions then you’re really talking about a rate somewhere between 10 and 15 percent.”
Wallace pressed: “I’ve got to tell you that outside experts we talked to, you’re talking in the 20s… For instance, you talked about low-income families. Not only don’t they pay, they actually get an earned income tax credit. Now, you’re going to have them paying 10 to 15 percent of whatever income they have or 20 percent if my experts are right.”
“I’ve got to tell you, a lot of independent studies say that the people who make out like bandits in this are the wealthy,” the Fox News host added.
Carson did not specifically address whether low-income earners would be hurt by a fair tax, but argued that there were “a number of things involved.”
Watch the video below from Fox News’ Fox News Sunday, broadcast May 10, 2015.
He gets his ideas from the bible? C'mon Doc
I think his ideas on the flat tax are dependent on what deductions are or aren't allowed before we can judge it.
For instance:
Deduction on food for poor?
Deduction on utilities for poor?
Deduction for medical for poor?
Loopholes closed for EVERYONE?
No more paying people to have babies?
Etc.....
Two things... first, the US Federal Government has to become MUCH LESS EXPENSIVE. And I am talking CUT by 2/3rds. The Party has been over for a generation and the hangers on, spending trillions over the ASSRAPE have pretty much burned the house down.
Second... for a hundred years, the nation has TAXED PRODUCTION. Which once ya learn that A TAX... 'taxes' or DISCOURAGES whatever it is that is taxed... one SHOULD realize that of ALL the things that one should discourage... Sexual Deviancy, Alcoholism, Pornography, Politicians, Government, Socialism, Herpes, The HIV, Indigestion, Riots, Idiocy...
PRODUCTION IS NOT ONE OF THEM...
At least as long as we depend upon production to EAT!
Taken from the bible.Billionaires make out like bandits Fox News host smacks down Ben Carson s Bible-based flat tax
Carson said that under his flat tax plan, earners would “pay according to your ability.”
“I got that idea, quite frankly, from the Bible
He gets his ideas from the bible? C'mon Doc
The bolded within my quote of the OP, and then this:
"From each according to his abilities, to each according to his needs"
Anyone know where that statement comes from?
That is the CORE statement of the Communist manifesto.
You are a really lousy liar. First you claim Wallace gave no specifics and then admit he sepcified the Tax Policy Center, whereas Benny never named any economists, just his obviously bullshit 10 to 15%.Wallace gave no specifics.
"people we've talked to".....Oh...Which people?
The Tax Policy Center....Who the hell are they and what is their agenda?
"if you eliminate the loopholes and the deductions then you’re really talking about a rate somewhere between 10 and 15 percent.”..
Wallace ignored this in his interrogation.
Taken from the bible.Billionaires make out like bandits Fox News host smacks down Ben Carson s Bible-based flat tax
Carson said that under his flat tax plan, earners would “pay according to your ability.”
“I got that idea, quite frankly, from the Bible
He gets his ideas from the bible? C'mon Doc
The bolded within my quote of the OP, and then this:
"From each according to his abilities, to each according to his needs"
Anyone know where that statement comes from?
That is the CORE statement of the Communist manifesto.
Acts 4:32 Now the whole group of those who believed were of one heart and soul, and no one claimed private ownership of any possessions, but everything they owned was held in common.
4:34 There was not a needy person among them, for as many as owned lands or houses sold them and brought the proceeds of what was sold.
4:35 They laid it at the apostles' feet, and it was distributed to each as any had need.
(New Revised Standard version)