Kasz216 said:
ManusJustus said:
TheRealMafoo said:
Well that's a socialist point of view: "The rich just shouldn't have all that money, so we are going to take it from them."
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As opposed to "The poor shouldn't have all that money, so we are going to take it from them."
Economically speaking, flat taxes do not work. It puts a larger tax load on lower income people who need that money to support themselves with housing, food, healthcare, and other basic essentials, as opposed to high income people who use that money for less necessary items. People with lower income are working demanding jobs to support themselves and their families, the last thing we want to do is make it harder for them to provide for their families.
The end result of a flat tax is either people living in poverty with increased crime rates that hamper the economy, or people depending more on the government than themselves for lost income resulting in more government spending or increased minimum wage.
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Or rather... "Everyone should pay their fair equal share."
Also... America already has one of the most progressive tax systems around.
We have more progressive tax brackets then England and Canada for instance.
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Their fair share doesn't necessary mean 20% and 20%. Taxing 20% on someone who makes $15,000 a year is more hurtful to that person than taxing 20% on someone who makes $150,000.
America's tax system is full of loop holes that rich are able to take advantage off. I personally know of many instances of people getting tax breaks to for frivolous items or business owners not reporting income.
