But a flat tax will also mean that thousands of accountants and tax lawyers and
irs auditors will no longer be needed.
Come to think of it, that would be good.
Sent from my Verizon Wireless BlackBerry
-----Original Message-----
From: "Larry Daniels" <ladaniels at sbcglobal.net>
Date: Thu, 3 Mar 2011 17:55:36
To: <bjshov8 at tx.rr.com>
Cc: spridgets_autox.team.net<spridgets at autox.team.net>
Subject: Re: [Spridgets] Taxes
That's exactly right, BJ.
Can I assume that is your initials, at least?
-----Original Message-----
From: bjshov8 at tx.rr.com
Sent: Thursday, March 03, 2011 5:42 PM
Cc: spridgets_autox.team.net
Subject: Re: [Spridgets] Taxes
He's saying that under a flat tax, someone with low income would pay more
dollars than they pay with the current tax system, and someone with high
income would pay less dollars than they pay with the current tax system.
You'll never get to a point where a person with high income pays less
dollars than a person with low income pays, even talking in terms of
percentages the high income person pays a higher percentage than the lower
income person.
> If I make $100,000 annually and you make $1,000,000 annually and we
> both pay 10% of our income in taxes, how are you paying less than me?
> I pay $10,000, you pay $100,000. $10,000 < $100,000.
>
> Please splain that to me.
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