| 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. |
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| 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.... |
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