NYcarbineer
Diamond Member
Let's use 2011 numbers for this Example
In 2011 the gross US income in the US was
12,949,905,000,000
Total Personal Income U.S. and All States
The total income tax collected was
1,091,473,000,000
Historical Amount of Revenue by Source
So for 2011 a revenue neutral flat tax on 100% of income would have been
1091473000000/12949905000000 or
8.42%
Now for you fucking thick imbeciles I am not saying this should be the flat tax rate but merely illustrating the point that a lower flat rate on ALL income can indeed bring in as much tax revenue as a multiple brackets of higher rates on only part of all income
Now you can figure in the many billions of dollars in savings from downsizing the IRS and use that to lower the tax rate even more
That is not a lower flat rate on all income. Start with that 47% of households who paid no federal income tax a few years ago (probably less now).
That's a tax increase for ALL of them that had any income.
Where did I say it was lower for everyone?
is it "fair" that almost half of the people with incomes paid no income tax?
It's a very low rate that will result in the exact same revenue as our current system
and 8.4% is currently lower than the lowest 10% bracket
Not on gross income it isn't. The 10% bracket is on TAXABLE INCOME. After exemptions, deductions, and credits, etc.
So what?
People who have been getting a free ride will now have to pay a little bit
So shut up with the insults when I've proven to you that you want to increase the gap between rich and poor.