Posted by Warm Southern Breeze on Friday, November 10, 2017
Recently, a physician friend of mine had asked this question of me:
“As far as Tax goes, why not use a flat tax? I can’t understand why it won’t be considered?”
My reply to him follows.
“The so-called “flat tax,” which would be a no-deductions type of single percentage levies “across the board” upon everyone, bar none, is a disproportionate burden to those who make less.
“Consider the following, which is a real-life example to illustrate the case in point:
“A female friend shared with me that she and her spouse have a 50/50 sharing agreement with household expenses. That is to say, she pays half, and he pays half. He is retired, she is not. In his working years, he was a Read the rest of this entry »
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Posted in - Did they REALLY say that?, - Politics... that "dirty" little "game" that first begins in the home. | Tagged: example, Flat tax, government, illustration, Income tax, IRS, law, personal income tax, policy, real life, tax | Leave a Comment »
Posted by Warm Southern Breeze on Sunday, October 30, 2011
The report by the Congressional Budget Office is based upon data provided by the Internal Revenue Service and the Census Bureau, and was requested several years ago. The official report may be downloaded from the CBO via the link provided in the story in the first sentence of the first paragraph in the words “new report.”
It is my opinion that Republicans – which party has been hijacked by the radical element commonly known as the “TEA Party” – are Hell-bent on destroying this nation by eliminating – bit by bit, piece by piece – every vestige of rule, regulation and protective service that benefits the American people.
Their ideology is “tear down,” rather than “repair, rebuild.” It’s like tearing down the house just to replace the toilet.
Their political philosophy is disguised as “small government, less regulation” which on it’s face, sounds nice – which is almost like asking “if you could satisfy your hunger by eating Read the rest of this entry »
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Posted in - Uncategorized | Tagged: Barack Obama, Bureau of Land Management, Capital gain, CBO, Census Bureau, Congress, Congressional Budget Office, Flat tax, Household income in the United States, inequality, Internal Revenue Service, John Boehner, Lew Rockwell, Max Baucus, Paris Hilton, politics, Republicans, Sander M. Levin, Social Security, tax, United State, United States, United States Congress, United States House Committee on Ways and Means, White House, World War II | 2 Comments »
Posted by Warm Southern Breeze on Wednesday, January 26, 2011
Some assert that everyone should pay the same rate of taxes, claiming that one “flat rate” would solve many problems.
I beg to differ.
The inequality of the so-called “flat tax” is quite simply, self-evident, because given that the cost of living is indexed similarly, the one whom has more income and wealth does not use as much to live, whereas the less fortunate and less wealthy use a greater percentage of their income to make ends meet.
Put another way, if it costs $500 annually to live, and you make $1000, that’s 50% of your income.
If it costs $500 annually to live and you make $10,000 that’s 5% of your income.
Who, then, does a flat tax benefit? Read the rest of this entry »
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Posted in - Faith, Religion, Goodness - What is the Soul of a man?, - My Hometown is the sweetest place I know, - Politics... that "dirty" little "game" that first begins in the home. | Tagged: Average Joe, Barney Frank, Bucharest, Bush, Chris Dodd, Clinton, Congress, economic, Economic inequality, economy, federal, fiscal policy, Flat tax, governance, government, Great Depression, House, House of Representatives, income, inequality, John McCain, law, Mitt Romney, Newt Gingrich, Obama, Philosophy, policy, poverty, Progressive tax, Republican Party (United States), senate, Social Darwinism, tax, Taxation, United States, wealth | 5 Comments »