NYcarbineer
Diamond Member
No I'm telling you that your incessant whining about the rich getting a huge tax cut is unwarranted because as I have shown you a lesser percentage tax on all income can yield result in virtually the same taxes paid if only a portion of income is taxed at a higher rate.I've already given you 2 examples of how a lower tax rate on 100% of income results in the same or slightly higher tax paid than a higher rate on a portion of that same incomeTo implement a flat tax, all else being equal, you will lower the rate on the richest, therefore they will pay less.
Somewhere, someone else has to make up the difference? Who's left?
Yes, the middle and low income groups. They will have to pay more.
So you are honestly arguing for the flat tax because it will raise taxes on everybody?
Amazing.
I really can't make it any simpler than that but if you still can't understand it maybe you should hire a tutor
Oh and btw, you started out with a 15% rate. Then you flopped down to 10% as far as I can tell.
Well either way, in my last full year of work, a 50,000 gross income, your plan would have raised my taxes.
I paid just under $5000 in federal income tax. No dependents. No major deductions. Call that 9%.
Whichever of your numbers I would have used, my taxes would have been higher.
And for those at the same wage with, for example, kids, theirs would have bee MUCH higher.
I never once said what the flat tax rate would be
I gave you examples and illustrations of the concept you can't seem to understand the difference
Yes you did, but for clarification why don't you state for the record what it would be? I don't have a problem where you set it, I'll still prove my point.