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07-24-2011, 10:53 AM
With the flat/fair tax would that be a blanket percentage like 8% or something like that? Wouldn't that further hurt the economy? If I am making sense of it, that is like saying 100,000 per year Bob and 10,000 per year Jeff buy a $100 chair. Both pay $108 on that chair.
However Jeff just spent 1% of his income, and Bob spent .01% of his income. We all know the flat tax would be higher than that KY gets 6% already, so what is more realistic 10%? 12%?
I see how that is fair, but at the same time, you would go back to the company town days, etc... Very quickly with that system, Bob would get richer and Jeff would eventually go broke.
If I remember correctly disability checks for people that were born disabled (not workers disability) is about $650 per month, which is about $7800 per year. If there is a 12% tax on everything they buy, they wont even be able to keep the lights on and pay rent. I am guessing the tax would be on bills as well, right? School taxes, etc... are on them, why not the flat tax?
If there was a hitch in the flat tax to where disabled, etc... could be exempt, I think it would be a great idea. However, what I gain from all the talks is that EVERYONE pays the same rate. Bad idea.
However Jeff just spent 1% of his income, and Bob spent .01% of his income. We all know the flat tax would be higher than that KY gets 6% already, so what is more realistic 10%? 12%?
I see how that is fair, but at the same time, you would go back to the company town days, etc... Very quickly with that system, Bob would get richer and Jeff would eventually go broke.
If I remember correctly disability checks for people that were born disabled (not workers disability) is about $650 per month, which is about $7800 per year. If there is a 12% tax on everything they buy, they wont even be able to keep the lights on and pay rent. I am guessing the tax would be on bills as well, right? School taxes, etc... are on them, why not the flat tax?
If there was a hitch in the flat tax to where disabled, etc... could be exempt, I think it would be a great idea. However, what I gain from all the talks is that EVERYONE pays the same rate. Bad idea.
Messages In This Thread
Understanding the current economy for Dummies - by LWC - 07-22-2011, 09:01 PM
Understanding the current economy for Dummies - by LWC - 07-22-2011, 09:02 PM
Understanding the current economy for Dummies - by Hoot Gibson - 07-22-2011, 09:27 PM
Understanding the current economy for Dummies - by TheRealThing - 07-22-2011, 09:47 PM
Understanding the current economy for Dummies - by TheRealThing - 07-22-2011, 09:54 PM
Understanding the current economy for Dummies - by Hoot Gibson - 07-22-2011, 10:05 PM
Understanding the current economy for Dummies - by Hoot Gibson - 07-22-2011, 10:27 PM
Understanding the current economy for Dummies - by LWC - 07-22-2011, 11:15 PM
Understanding the current economy for Dummies - by Hoot Gibson - 07-22-2011, 11:43 PM
Understanding the current economy for Dummies - by Hoot Gibson - 07-23-2011, 08:50 AM
Understanding the current economy for Dummies - by TheRealThing - 07-23-2011, 11:40 AM
Understanding the current economy for Dummies - by TheRealVille - 07-23-2011, 05:45 PM
Understanding the current economy for Dummies - by Bob Seger - 07-23-2011, 06:04 PM
Understanding the current economy for Dummies - by Hoot Gibson - 07-23-2011, 06:22 PM
Understanding the current economy for Dummies - by TheRealVille - 07-23-2011, 06:35 PM
Understanding the current economy for Dummies - by Bob Seger - 07-23-2011, 07:35 PM
Understanding the current economy for Dummies - by Hoot Gibson - 07-23-2011, 08:20 PM
Understanding the current economy for Dummies - by Bob Seger - 07-23-2011, 08:38 PM
Understanding the current economy for Dummies - by LWC - 07-23-2011, 09:28 PM
Understanding the current economy for Dummies - by Hoot Gibson - 07-23-2011, 10:04 PM
Understanding the current economy for Dummies - by real_change - 07-24-2011, 12:42 AM
Understanding the current economy for Dummies - by jetpilot - 07-24-2011, 12:45 AM
Understanding the current economy for Dummies - by LWC - 07-24-2011, 12:59 AM
Understanding the current economy for Dummies - by TheRealVille - 07-24-2011, 02:21 AM
Understanding the current economy for Dummies - by Hoot Gibson - 07-24-2011, 08:03 AM
Understanding the current economy for Dummies - by vector - 07-24-2011, 08:45 AM
Understanding the current economy for Dummies - by vector - 07-24-2011, 09:05 AM
Understanding the current economy for Dummies - by Hoot Gibson - 07-24-2011, 09:42 AM
Understanding the current economy for Dummies - by Hoot Gibson - 07-24-2011, 09:48 AM
Understanding the current economy for Dummies - by Hoot Gibson - 07-24-2011, 09:51 AM
Understanding the current economy for Dummies - by Hoot Gibson - 07-24-2011, 10:07 AM
Understanding the current economy for Dummies - by Bob Seger - 07-24-2011, 10:21 AM
Understanding the current economy for Dummies - by LWC - 07-24-2011, 10:53 AM
Understanding the current economy for Dummies - by Hoot Gibson - 07-24-2011, 11:01 AM
Understanding the current economy for Dummies - by vector - 07-24-2011, 11:23 AM
Understanding the current economy for Dummies - by vector - 07-24-2011, 11:35 AM
Understanding the current economy for Dummies - by Hoot Gibson - 07-24-2011, 11:38 AM
Understanding the current economy for Dummies - by vector - 07-24-2011, 11:52 AM
Understanding the current economy for Dummies - by Hoot Gibson - 07-24-2011, 12:00 PM
Understanding the current economy for Dummies - by TheRealThing - 07-24-2011, 03:32 PM
Understanding the current economy for Dummies - by real_change - 07-24-2011, 05:48 PM
Understanding the current economy for Dummies - by LWC - 07-24-2011, 07:27 PM
Understanding the current economy for Dummies - by real_change - 07-24-2011, 07:50 PM
Understanding the current economy for Dummies - by Hoot Gibson - 07-24-2011, 08:57 PM
Understanding the current economy for Dummies - by TheRealVille - 07-24-2011, 10:22 PM
Understanding the current economy for Dummies - by Hoot Gibson - 07-24-2011, 10:36 PM
Understanding the current economy for Dummies - by TheRealVille - 07-24-2011, 11:27 PM
Understanding the current economy for Dummies - by TheRealThing - 07-25-2011, 12:35 AM
Understanding the current economy for Dummies - by TheRealThing - 07-25-2011, 12:54 AM
Understanding the current economy for Dummies - by TheRealThing - 07-25-2011, 01:37 AM
Understanding the current economy for Dummies - by Hoot Gibson - 07-25-2011, 02:29 AM
Understanding the current economy for Dummies - by Hoot Gibson - 07-25-2011, 02:58 AM
Understanding the current economy for Dummies - by TheRealThing - 07-26-2011, 05:52 PM
Understanding the current economy for Dummies - by real_change - 07-31-2011, 05:37 AM
Understanding the current economy for Dummies - by Hoot Gibson - 07-31-2011, 05:14 PM
Understanding the current economy for Dummies - by TheRealThing - 08-01-2011, 04:55 PM
Understanding the current economy for Dummies - by BillyB - 08-01-2011, 05:31 PM
Understanding the current economy for Dummies - by TheRealThing - 08-01-2011, 07:03 PM
Understanding the current economy for Dummies - by TheRealThing - 08-01-2011, 07:37 PM
Understanding the current economy for Dummies - by Hoot Gibson - 08-04-2011, 02:33 PM
Understanding the current economy for Dummies - by nky - 08-04-2011, 03:54 PM
Understanding the current economy for Dummies - by BillyB - 08-04-2011, 04:14 PM
Understanding the current economy for Dummies - by Hoot Gibson - 08-04-2011, 04:54 PM
Understanding the current economy for Dummies - by Hoot Gibson - 08-04-2011, 05:03 PM
Understanding the current economy for Dummies - by TheRealThing - 08-04-2011, 05:08 PM
Understanding the current economy for Dummies - by nky - 08-04-2011, 07:16 PM
Understanding the current economy for Dummies - by Wildcatk23 - 08-05-2011, 09:22 AM
Understanding the current economy for Dummies - by Hoot Gibson - 08-05-2011, 09:26 AM
Understanding the current economy for Dummies - by Deathstar 80 - 08-05-2011, 12:40 PM
Understanding the current economy for Dummies - by Hoot Gibson - 08-05-2011, 12:56 PM
Understanding the current economy for Dummies - by TheRealThing - 08-05-2011, 01:49 PM
Understanding the current economy for Dummies - by Deathstar 80 - 08-05-2011, 08:15 PM
Understanding the current economy for Dummies - by Deathstar 80 - 08-05-2011, 09:17 PM
Understanding the current economy for Dummies - by nky - 08-05-2011, 09:36 PM
Understanding the current economy for Dummies - by Hoot Gibson - 08-05-2011, 09:50 PM
Understanding the current economy for Dummies - by TheRealThing - 08-05-2011, 10:33 PM
Understanding the current economy for Dummies - by TheRealThing - 08-06-2011, 01:56 AM
Understanding the current economy for Dummies - by nky - 08-06-2011, 10:21 AM
Understanding the current economy for Dummies - by Hoot Gibson - 08-06-2011, 10:39 AM
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