[Hyoi]

The IRS and Accountants would be heavily affected I would guess...TheMercenary

I would have been in favor of it back when we were dual income, no kids, and no mortgage, but now we are single income, two kids, and a mortgage. I pay very little in federal taxes and I'd like to keep it that way.....glatt

If you make $12,000 and they take 20%, you have $9,600 left to live on. If you make $12,000,000 you are left with $9,600,000......Happy Monkey

The total number of IRS employees at all levels is approximately 115,000, making it our largest federal bureaucracy. Auditors make up 25%, collectors 15% and criminal investigators 3%. The other 57% make policy, run the computers, answer taxpayer inquiries and god only knows what else. There is talk of downsizing the IRS to 85,000 employees. The most recent IRS budget was almost $11 billion......Stand Up to the IRS
by Attorney Frederick W. Daily


Hyoi: Reducing goverment expenditure would reduce the size of the flat rate percentage. Logically, 115 thousand could adjust to the betterment of 300 million.

All flat tax proposals have one “loophole.” Households receive a generous exemp­tion based on family size. For instance, a family of four would not begin to pay tax until its annual income reached more than $30,000. For those who think the “rich” should pay a higher percentage of their income, the generous family allowance effectively creates a modest level of “progressivity.” For instance, a family with an annual income of $20,000 faces a tax rate of zero........July 7, 2005, A Brief Guide to the Flat Tax by Daniel J. Mitchell, Ph.D.

Hyoi: All plans have a minimum income level cutoff and provision for family size.


Next !