NYcarbineer
Diamond Member
What the author of this thread wants to do, in real life terms:
A person with 20,000 a year in taxable income, who is now paying no federal income tax:
His taxes would go from zero to $2000 a year, on a 10% flat tax.
A person with one million a year in taxable income, who is now paying maybe 200,000 a year in federal income tax:
His taxes would go from $200,000 a year to $100,000 a year, on a 10% flat tax.
Get your house member to vote for that lol.
btw, 10% is way too low for a flattax, if you're talking about paying the bills.
A person with 20,000 a year in taxable income, who is now paying no federal income tax:
His taxes would go from zero to $2000 a year, on a 10% flat tax.
A person with one million a year in taxable income, who is now paying maybe 200,000 a year in federal income tax:
His taxes would go from $200,000 a year to $100,000 a year, on a 10% flat tax.
Get your house member to vote for that lol.
btw, 10% is way too low for a flattax, if you're talking about paying the bills.