Monday, December 06, 2004

Flat Tax is Not a Fair Tax

http://www.geocities.com/CapitolHill/Lobby/7146/flattax.html

Graduated tax system with no exemptions/deductions-- Everyone contributes to financing the government. The poor would not face a jump from paying no tax to paying 17% tax. This would encourage the poor to stay poor. Most exemptions/deductions come as favors to industry or wealthy people. The middle class are unable to take advantage of exemptions and deduction which serve as a barrier between the middle class and the rich.

Flat Tax-- a flat tax system would have everybody pays the same rate. This system seems fair on the surface. If the tax rate were 10%, a poor person who makes $10,ooo/yr would pay $1,000 in taxes while a rich person who makes $1,000,000/yr would pay $100,000 in taxes. You make more, you pay more.

Graduated Tax-- However, another dollar added to a rich person's income means less than another dollar to a poor person. In other words, when poor people get another dollar, they might use it to eat better. When rich people get another dollar, they will only increase their level of luxury.

National Sales Tax-- This benifits the rich. The poor spend a larger porportion of thier income in stores than the rich.

Graduated tax system with no exemptions/deductions-- Everyone contributes to financing the government. The poor would not face a jump from paying no tax to paying 17% tax. This would encourage the poor to stay poor. Most exemptions/deductions come as favors to industry or wealthy people. The middle class are unable to take advantage of exemptions and deduction which serve as a barrier between the middle class and the rich.

2 comments:

  1. Flat Tax-- a flat tax system would have everybody pays the same rate. This system seems fair on the surface. If the tax rate were 10%, a poor person who makes $10,ooo/yr would pay $1,000 in taxes while a rich person who makes $1,000,000/yr would pay $100,000 in taxes. You make more, you pay more.

    Graduated Tax-- However, another dollar added to a rich person's income means less than another dollar to a poor person. In other words, when poor people get another dollar, they might use it to eat better. When rich people get another dollar, they will only increase their level of luxury.

    National Sales Tax-- This benifits the rich. The poor spend a larger porportion of thier income in stores than the rich.

    Graduated tax system with no exemptions/deductions-- Everyone contributes to financing the government. The poor would not face a jump from paying no tax to paying 17% tax. This would encourage the poor to stay poor. Most exemptions/deductions come as favors to industry or wealthy people. The middle class are unable to take advantage of exemptions and deduction which serve as a barrier between the middle class and the rich.

    ReplyDelete
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