Quote:
Originally Posted by PR_Tom
Don't believe it for a moment. I'll agree right now that everyone in america should pay 25% on their income no matter where it comes from starting........... now.
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I have to say...in this current economy, if I had to pay 25% of my income in federal taxes I would be completely bankrupt.
If it's going to be a no-deductions flat tax system (which I think it should be), it needs to be a lower rate than that.
I can't even imagine how people have any money left over after taxes now anyway. Especially in states with high state income tax.
Living here in Nevada eliminated that for me. But they more than make up for it with high sales tax on everything. Plus the national gasoline tax. Plus my property tax. Plus the super high cost each year of registering your vehicles (which is really just a tax). And then the fees and business licensing...
I give more to govt (federal, local, and state) than I give to my own kids.