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Do Flat Tax proponents know that a Flat Tax would also eliminate the Standard Deduction?
Eliminating deductions for wealthy people will also eliminate the standard deduction we little people enjoy as well.
6 Answers
- Anonymous9 years agoFavorite Answer
O well that it was it is all about. Everyone pays. See how simple that is.
- ?Lv 49 years ago
We should have a flat tax rate. Won't happen though. The people who write the tax laws don't want that. They would rather just raise them, take advantage of the loopholes they wrote, while the average American doesn't know about the loopholes.
Sort of like it is now.
- 9 years ago
Consumption tax or land tax is the only way. Anything esle is just grist to the rich mans mill...
- wtincLv 79 years ago
Yes i do that why i reduce the rate to 15% and it should be 10% and everyone should pay it.
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- Anonymous9 years ago
Good, I still say 15% for all. And stop giving refunds to people who don't work at all.