- RICKLv 73 weeks agoFavourite answer
Many people say everyone should pay the same percentage, problem with that it would have to be at least 20% to fund the govt. Which means it would harm low income people. A better solution would be an elimination of ALL deductions, credits and exemptions except for the standard deduction. Then lower each rate
On the corporate side eliminate all deductions and write offs and tax 2% of total revenueCapital gains, eliminate the ability to deduct loses and cut the rate to 20%
- LLv 52 weeks ago
Every employed American already does. Federal Withholding taxes go by a percentage for EVERYONE, along with Medicare and Social Security. If there are States taxes to be deducted - they also go by a percentage. All of these percentages are FIXED.
- out2lunch4now2Lv 73 weeks ago
The same rate, yes. That rate shouldn't be more than 10-12%, either. If that isn't sufficient to fund all of the pandering of professional politicians, then eliminate the unconstitutional pandering like interference in housing, healthcare, education, foreign aid absent a treaty, assistance for criminal migrants, bailing out failing businesses and shrimp on treadmills. Since we all have the same rights in this country, we all have the same obligation to pay the costs of maintaining those rights.
- SnezzyLv 73 weeks ago
Immediately we have a big problem. If you mean a percentage of wages, then what about someone whose income results entirely from buying stuff and selling it on eBay? Do we tax him on his gross sales, or only on his profit? How do we figure his profit? Does he get to deduct the cost of shipping, the cost of extra advertising, the cost of the storage building where he keeps all the stuff? If he loses money this year can he roll that loss into next year's calculations?
See how hard it is! Maybe just tax wages and forget about taxing anybody's eBay business. Is that fair?
- What do you think of the answers? You can sign in to give your opinion on the answer.
- JOHN BLv 63 weeks ago
Not if mine are more than they are now.
- SlickterpLv 73 weeks ago
That is not actually possible, and also doesn't make sense.
- kswck2Lv 73 weeks ago
A flat tax was the platform of Steve Forbes when he ran for President, and it did not get much traction then.
- mercedesLv 73 weeks ago
The point of graduated income tax was to change the situation where the tax burden fell hardest on those least able to pay.
- Anonymous3 weeks ago
You don't even know what you don't know. And I doubt you will in 10 years.
- Anonymous3 weeks ago
What do you mean by "the same"?
Are you referring to a fixed dollar amount? Flat tax rate? Same percentage of gross income with no deductions allowed?
No one has any clue what you are asking.
- RobertLv 73 weeks ago
Same percentage yes. Flat tax...no deductions for everyone. At present that is not the law and what your hinting at was and is completely legal until and unless the law is changed