Quote:
Originally Posted by Robbie
You are correct as well.
I know some folks like to say: "Oh, in the past the tax rate was much higher!"
But people NEVER actually paid that rate. Anybody with a brain has always had a good accountant and wisely invested their money in such a way as to pay the minimum taxes.
Only a goddamned idiot would actually pay 35% of their money to the federal govt.
NOBODY...and I mean NOBODY does that.
Everyone in the U.S. takes every deduction that they can think of...including all the middle class people.
I definitely believe that a flat tax for everyone of 15% would bring in a lot more income to the govt. (to waste on invading other countries of course...lol).
That way EVERYBODY pays their fair share. Not just the rich people. As it is now...the top 5% pay 53% of ALL the taxes. It's total bullshit. The other 95% should be paying their share too if they are able to work.
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Yep. My brother is a great example. He is married, has three kids and works in construction. A couple of years ago the company he works for gave him a company truck and they pay for the gas. Up until then he was able to write off the mileage to work since he didn't work in one static location. Between the deductions for his kids, interest on the house and mileage and other things for work he ended up paying hardly any federal taxes. Meanwhile, another friend of mine who makes about half as much as my brother, but is single, rents and has no write-offs actually pays more in taxes than my brother does.
That has changed some in recent years because my brother can no longer write off the mileage, but he is also saving about $500 a month in gas costs so it works out just as well for him.
A flat tax with no loopholes would work better, but as you hinted at, until we stop invading countries and wasting money like drunken Kennedy's at a strip club we will never balance the budget.