You are viewing an obsolete version of the DU website which is no longer supported by the Administrators. Visit The New DU.
Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Reply #53: The type of flat tax system matters to me. [View All]

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
Theduckno2 Donating Member (905 posts) Send PM | Profile | Ignore Sat Apr-28-07 11:29 PM
Response to Reply #32
53. The type of flat tax system matters to me.
The flat tax system would need to be tiered and therefore progressive. Those who benefit most by our government (infrastructure, security, etc.) need to pay more to provide for that government.

I like the following hypothetical, please excuse its vagueness..

A low (but significant) rate for income less than, let's say, twice the poverty level. A higher rate on income up to approx $250,000/yr and then a stiff rate on income above $250,000/yr. Do away with almost all deductions (possibly excepting children, disability, elderly).

A novel twist could have those over 70 years of age paying the middle rate for all income above twice the poverty level.

I am not currently aware of the details of either Steve Forbes' or Gravely's flat tax plans. I do believe the current system needs major overhaul and I too, won't discount any choices.
Printer Friendly | Permalink |  | Top
 

Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC