Skull Pilot
Diamond Member
- Nov 17, 2007
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You didn't. Nor did I say you did.
Awesome. Because we want more federal debt.
You also said people should pay a minum of $250 a year. Right up there in the quotes. Read it. That means someone with $1 in income pays %25,000. Do the math.
We should treat everyone exactly the same?
Sounds like communism to me. Though I would doubt you'd want billionaires to be treated "exactly the same" as homeless people in most situations.
I did not say people should pay a minimum I said a minimum payment would not force people to go on welfare.
It would if they come up $250 short for food and rent.
And a 10% flat tax on all income would increase revenues over the current system not decrease them.
There's no empirical evidence that your statement is correct. The theoretical basis is a bit shaky as well. Are we to really believe average incomes would increase by two fold if taxes were cut to 10%? Because that's about what would be needed for tax revenues to actually increase under a 10% tax rate. I seems like maybe you haven't thought this one through. I don't think its possible for average incomes to double even if you eliminated taxation altogether!
All you need to do is look at a given tax year note the revenue from income taxes then look up the gross income of the country for that same year and multiply it by .1.
For example.
Let's use 2009
Summary of Latest Federal Individual Income Tax Data | Tax Foundation
AGI in 2009 was 7.8 trillion
total income tax revenue was 865 billion
an effective overall tax rate of 11.2%
Now the total gross income in 2009 was 11.85 trillion
Total Personal Income U.S. and All States
multiply that by .1 and the total tax revenue would have been 1.18 trillion
Last time i checked 1.18 trillion was larger than 865 billion
any questions?