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Old 05-11-2011, 07:32 PM   #10
Spexxvet
Makes some feel uncomfortable
 
Join Date: Dec 2005
Posts: 10,346
Quote:
Originally Posted by lookout123 View Post
As I've described in the past, my view on a flat tax isn't really flat but I truly believe 1% on every single dollar up to $50-60K and 20%(ish) on every dollar of personal income over with no deductions beyond first home mortgage interest would solve many problems.
Quote:
Originally Posted by lookout123 View Post
I don't even believe 10% on the first $50-60K is necessary. 1% is a symbolic gesture that everyone pays their share. 20-25-30%... I don't really care what it is,
I think you need to be specific. How much income and what tax rate, specifically?
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