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Reply #8: It does none of the things "you" claim/listed - accountants &attorneys [View All]

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papau Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-05-05 10:12 AM
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8. It does none of the things "you" claim/listed - accountants &attorneys
continue to make the same money from tax questions.

What is income? Trust vs offshore vs "controlled", etc PLUS what is US INCOME? - the huge loophole that allows US corporations to make tons while claiming a loss on US activity.

What income is taxed? - Savings "incentives" via lower tax for a given "account"?

Gifts to the rich in not taxing capital gains or some portion of them.

Who gets a Carry-back/carry-forward so as to smooth tax for various items- everyone, no-one, only corporations?

If the rate is flat do we have tax credits that favor the middle class, or tax deductions - a method that favors the rich. The Home Loan interest "deduction" will be in any "flat tax"

Do we have large per person and per return tax credits that must be with a higher flat rate (so as to develope the total dollar tax needed) that favors the middle class, or do we have low or no per person and per return "deductions" with a low flat rate that favors the rich?

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  -What are the rebuttals for the RW flat tax idea ? steve2470  Aug-05-05 10:00 AM   #0 
  - It's flat out unfair.  Vash the Stampede   Aug-05-05 10:02 AM   #1 
  - ...precisely- and it's the only rebuttal. Flat out unfair.  formerrepuke   Aug-05-05 10:05 AM   #2 
  - Why is it unfair?  mknmehappy   Aug-05-05 04:43 PM   #26 
  - Exactly...  SteppingRazor   Aug-05-05 10:06 AM   #4 
  - I love the idea of a flat tax  Orrex   Aug-05-05 10:06 AM   #3 
  - Excellent - but still how do you tax the rich that become non-citizens?  papau   Aug-05-05 10:15 AM   #10 
  - Sell the vacant houses cheap  zbdent   Aug-05-05 10:19 AM   #12 
  - Since I was being facetious, I didn't quite think it that far through, but  Orrex   Aug-05-05 10:27 AM   #14 
  - exactly! the problem is not the rate structure, but  bbgrunt   Aug-05-05 11:18 AM   #20 
     - additionally,  bbgrunt   Aug-05-05 11:31 AM   #22 
  - How about a flat sales tax that INCLUDES STOCK sales and property?  lostnfound   Aug-05-05 10:33 AM   #16 
  - Every VAT/consumption tax has "zero rated" financial transactions  papau   Aug-05-05 12:45 PM   #23 
  - On second thought, let's not do THAT flat tax  jmowreader   Aug-05-05 04:25 PM   #24 
  - But  Johonny   Aug-05-05 10:06 AM   #5 
  - True - the poor pay a higher percentage than most of the rich!  papau   Aug-05-05 10:16 AM   #11 
  - Because it's a tax on wages  gratuitous   Aug-05-05 10:10 AM   #6 
  - Appeal to their greed. Most flat tax plans call for 17% or more.  flamin lib   Aug-05-05 10:11 AM   #7 
  - The real rate for real proposals start at 31% - the 17% was pulled out  papau   Aug-05-05 10:20 AM   #13 
     - Thanks. The 17% was an assumption that there would be no  flamin lib   Aug-05-05 10:31 AM   #15 
  - It does none of the things "you" claim/listed - accountants &attorneys  papau   Aug-05-05 10:12 AM   #8 
  - Too many to mention here...  TreasonousBastard   Aug-05-05 10:14 AM   #9 
  - I actually kind of like the idea of a flat theory  marbuc   Aug-05-05 10:34 AM   #17 
  - It doesn't work  Jacobin   Aug-05-05 10:40 AM   #18 
  - You don't have to have one tax rate to get rid of 1000s of pages of code.  1932   Aug-05-05 10:46 AM   #19 
  - Aside from all of the other problems with the flat tax,  Ron Mexico   Aug-05-05 11:27 AM   #21 
  - This one usually stops the Wingnuts in their tracks  yankeedem   Aug-05-05 04:34 PM   #25 
  - Flat tax has been dead for awhile. The new version is what they call  Egalitariat   Aug-05-05 05:04 PM   #27 
  - It will cause job loss on an unprecedented scale  jmowreader   Aug-05-05 05:25 PM   #28 

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