DesideriScuri
Posts: 12225
Joined: 1/18/2012 Status: offline
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quote:
ORIGINAL: MasterJaguar01 quote:
ORIGINAL: DesideriScuri quote:
ORIGINAL: MasterJaguar01 This is the best version the flat tax I have ever seen: https://randpaul.com/issue/taxes 1) Reasonable rate (14.5%). 2) Eliminates the regressiveness of a flat tax by exempting the first $50k of income 3) Eliminates FICA (SS &medicare) payroll taxes - which hit those at the bottom the most 4) Eliminates all corporate loopholes and subsidies (e.g. Big Oil, Big Agriculture) 5) Keep mortgage and chairtable deductions Not sure the numbers work, but if they do, this is thee best plan Ihave ever seen. Go Rand Paul! (Now if he could JUST understand ckimate science, and a bit more of how the healthcare system works, and stop buying into right-wing conspiracy theories, he'd be tthe PERFECT candidate.!) I'd much rather see the mortgage deduction also being eliminated, leaving no deductions but for charitable donations. Without Medicare and SS taxes, though, I'm not sure how those continue to be funded without huge deficits. Obviously, there will have to be spending cuts, but where those cuts come from, and how deep they are, will have to be looked at, too. Yikes... I hope the mortgage deduction is never eliminated. Sure, save your loophole, but fuck everyone else's.
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What I support: - A Conservative interpretation of the US Constitution
- Personal Responsibility
- Help for the truly needy
- Limited Government
- Consumption Tax (non-profit charities and food exempt)
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