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Originally Posted by pgardn
Does make sense. 23% for people who have very little money and hardly pay any income tax, if any at all, would crush them. Paying 23% extra for food... not good.
What about the middle class though?
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It wouldn't be as bad for the middle class but still...middle class America struggles now, even a little more burden would eventually sink many! Rich folks don't live paycheck to paycheck while most Middle class folks do. Look at it this way (oversimplified I know but still)...today the tax rates increase with income so the rich pay more in taxes (at least before they find loopholes), this system would have them paying at the same rate so the difference would have to come from somewhere...namely middle class and poor folks!