SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Don't Blame Me, I Voted For Kerry -- Ignore unavailable to you. Want to Upgrade?


To: Quincy who wrote (14299)4/12/2004 7:04:53 PM
From: BearcatbobRead Replies (2) | Respond to of 81568
 
Quincy - please define the text that is mine by quotations. Your post implies things that I did not say.

Frankly, I stand firm by the concept of a flat tax.

It is not clear exactly where you stand.

If a flat tax drives liberals off the deep end - wow - what a great thing!



To: Quincy who wrote (14299)4/12/2004 7:17:32 PM
From: OrcastraiterRead Replies (2) | Respond to of 81568
 
Flat tax is regressive. It penalizes the little guy more than the big guy.

A better system would be a progressive system with higher rates of tax at the higher end.

Then scrap all the deduction crap, and restructure the rate so that the net change to revenue is relatively unchanged. In other words remove the deductions but lower the tax rate significantly, especially on the bottom end. This would put an end to all the tax code crap and put an end to the guaranteed CPA employment act, other wise known as the tax code.

This simplification could cut the time and money wasted by taxpayers by two thirds, and cut the need for the IRS bureaucracy by two thirds as well.

Orca