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fifty nine

join:2002-09-25
Sussex, NJ
kudos:2
reply to cowboyro

Re: I've gone and done it ... solar install

said by cowboyro:

said by fifty nine:

That's true. I'm against all tax credits/deductions too.

Make it 10% of all income for everybody, period. I'll gladly give up my home mortgage deduction and pay a slightly higher tax rate.

Do a calculation of how much your rate would be for the IRS to collect the same amount from everyone. You'll change your mind instantly... guaranteed...

I'm talking about a flat rate, not a flat amount.


cowboyro
Premium
join:2000-10-11
Shelton, CT

said by fifty nine:

said by cowboyro:

said by fifty nine:

That's true. I'm against all tax credits/deductions too.

Make it 10% of all income for everybody, period. I'll gladly give up my home mortgage deduction and pay a slightly higher tax rate.

Do a calculation of how much your rate would be for the IRS to collect the same amount from everyone. You'll change your mind instantly... guaranteed...

I'm talking about a flat rate, not a flat amount.

Me too.
2009 all individual returns = ~$5,091bil, generated tax $953bil
That's 20% give or take. Half of the $953bil was generated by those with $200k+ income.
Guess who would benefit most from such a change....