Quote:
Originally Posted by Danzig
interesting, yes. but a flat tax is considered a regressive tax, and is a blow to those in the lowest income groups, and a boon to those in the highest.
matter of fact, it says in that article that it would benefit the rich. so, of course paul will want to propose things that would get the koch bros and others like them to back him financially.
|
Make the first $10K earned tax free and tax everything above that at 20%. An individual making minimum wage or $16,320/year would pay $1,264 for an effective rate of 7.7% while an individual making $200K would pay $38K and be at an effective rate of 19%.
Stop enticing poor, single, too young mothers to breed for dollars.