Quote Originally Posted by HURRICANEBOB View Post
Just asking opinions here:

Would a flat tax rate applied across the board no matter what the source of the income or the income amount make this more eqitable? No matter if the income came from capital gains, salary, rent, retail ops, business or personal income, estates. Straight computation of total income for the year, minus total valid deductible expenses = net income, times a single flat rate. Result would be the tax owed, than a few simple tax dedcutions for things we as a nation honor such as seniors and the disabled.

I think that would also dramatically simplify the tax code, and as a result, allow the nation to take more of the money we pay to operate the IRS lawyers, and regulators, and spend that money insuring compliance, i.e. tax return compliance and tax evasion prosecution.

And yes, I plead guilty for changing the subject. Guilty....tax me. :-)
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Am wondering how that might work for the 47% or whatever it is that don't pay any federal taxes under the present system... I do agree the tax system we have now is very cumbersome and expensive but I'm not sure how you tax folks who get help from social programs such as food stamps and other programs... If you are giving those folks more in aid than they are paying in taxes it seems to serve no purpose to spend the money it takes to collect taxes from them... Other than just dumping these folks and telling them to survive if you can, it seems we are caught between a rock and a hard place.