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brentbacardi · 12-05-2012, 09:08 AM

Who has hardest time affording taxes?

Poor people and small business...

What is the issue? Poor people just need every dollar they can get, small business spend lots of time, effort and money on records, tax accountants finding exemptions etc.

What about rich people? They spend lots on pro tax accountants, obviously worth it to them.

So wouldn't it be win win win IF:

Poor people paid NO taxes, small business paid maybe the same taxes but it was SIMPLE so they didn't need a tax accountant and ultra record keeping time/money wasters. Rich people got same tax breaks but didn't need to hire their pro tax accountant? What about middle class? They would get same breaks as if they did have a pro tax accountant but without needing to hire one.

HOW WOULD THIS HAPPEN?

Well it would be a three step flat tax with ALL exemptions removed.

Lowest 10% of income earners would pay 0% taxes, 80% in the middle would be average taxes, and top 10% would pay slightly higher taxes.

This would work and allow govt to collect same amount of taxes while overall helping low income earners and business.

All peoples tax would be computed like this: INCOME or PROFIT (business) X RATE = TAX

NO EXEMPTIONS

12-05-2012, 09:08 AM
brentbacardi Confirmed User Industry Role: Join Date: Nov 2009 Posts: 1,425	All Government ARE STUPID! Who has hardest time affording taxes? Poor people and small business... What is the issue? Poor people just need every dollar they can get, small business spend lots of time, effort and money on records, tax accountants finding exemptions etc. What about rich people? They spend lots on pro tax accountants, obviously worth it to them. So wouldn't it be win win win IF: Poor people paid NO taxes, small business paid maybe the same taxes but it was SIMPLE so they didn't need a tax accountant and ultra record keeping time/money wasters. Rich people got same tax breaks but didn't need to hire their pro tax accountant? What about middle class? They would get same breaks as if they did have a pro tax accountant but without needing to hire one. HOW WOULD THIS HAPPEN? Well it would be a three step flat tax with ALL exemptions removed. Lowest 10% of income earners would pay 0% taxes, 80% in the middle would be average taxes, and top 10% would pay slightly higher taxes. This would work and allow govt to collect same amount of taxes while overall helping low income earners and business. All peoples tax would be computed like this: INCOME or PROFIT (business) X RATE = TAX NO EXEMPTIONS __________________ Go Fuck Yourself! Last edited by brentbacardi; 12-05-2012 at 09:10 AM..