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Old 08-16-2011, 01:44 PM
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joeydb joeydb is offline
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Join Date: Jun 2007
Location: Southeastern PA
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Quote:
Originally Posted by Antitrust32 View Post
There should be a flat tax with a cut off poverty line. If the top 5% control 70% of the wealth like they do now, they should be paying 70% of the taxes that the US collects.

Warren Buffet paid less of a percentage of income taxes than I did last year. That's ridiculous.
I agree wholeheartedly with a flax tax, no deductions and a poverty cutoff. It's all of those who benefit from the current gi-normous system who defend it. Rich guys who wrote those loopholes, and poor guys who actually get "refunds" in excess of taxes paid, even when taxes paid were zero.
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