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To: Murrey Walker who wrote (410702)2/14/2011 5:51:52 PM
From: alanrs  Respond to of 793563
 
My guess is that the largest block of people against a no nonsense flat tax would be home owners with mortgages large enough to qualify for that subsidy. Followed by people who have company provided health insurance, a form of income that is now untaxed. The housing and health care markets would probably work better that way also, a side benefit.

ARS



To: Murrey Walker who wrote (410702)2/14/2011 5:52:54 PM
From: SirWalterRalegh  Respond to of 793563
 
<<Why do you think the rich would be against it?>>

Murray-

A small part of it is there are a lot of lawyers and accountants involved in

tax preparation and tax avoidance. I'm sure they have a powerful lobby in

DC.



To: Murrey Walker who wrote (410702)2/14/2011 6:01:54 PM
From: Katelew1 Recommendation  Read Replies (5) | Respond to of 793563
 
I've read that the uber rich frequently have a surprisingly low affective tax rate (not marginal tax rate). And also you don't hear any of them clamoring for one of the several flat tax scenarios bandied about. My guess is that the class that would benefit most would be upper middle-class salaried people and professionals such as doctors and lawyers, not the uber rich or even many of the successful sole proprietorships.
Self-employed business owners have lots of ways to shield or underreport income thus bringing down their affective tax rate.