62% Federal Tax rate??!!

[somerfrost]

Originally Posted by brianwspencer

That, I think, always sounds like a totally logical idea, until you get to thinking how much that disproportionately would affect the poor who would be taxed on everything they need to keep their lives going (which usually amounts to nearly all of their income) with the little money they already have, while the rich would be taxed on only a small percentage of their income in comparison.

Which makes it even more shocking that the GOP has not been trying to ram such a plan through Congress.

I would support a flat tax as long as it contained reasonable exceptions (ie: no tax on first $50,000 or so)...that would protect the poor and lower middle class.