Ben Carson on the Flat Tax: : Lunkhead

[ClosedCaption]

Billionaires make out like bandits Fox News host smacks down Ben Carson s Bible-based flat tax



epublican presidential candidate Ben Carson’s plan to institute a flat tax plan that experts have said would give a massive break to the wealthiest Americans.

Carson said that under his flat tax plan, earners would “pay according to your ability.”

“I got that idea, quite frankly, from the Bible — tithing,” he explained. “You make $10 billion a year, you pay a billion. You make $10 a year, you pay one. You get the same rates. That’s pretty darn fair if you ask me.”

“Now some people say poor people can’t afford to pay that dollar. That’s very condescending,” he continued. “I can tell you that poor people have pride too. And they don’t want to be just taken care of.”

“Doctor, here is the problem with the flat tax in the real world,” Wallace noted. “According to the Tax Policy Center, to raise the same amount of revenue we do now, the tax rate would have to be in the low to mid 20 percent range. Low and middle income families would get a big tax hike while wealthy families would actually get a big tax cut.”

“That’s actually not — I don’t agree with that assessment,” Carson insisted. “Because I’ve been in contact with many economists. And in fact, if you eliminate the loopholes and the deductions then you’re really talking about a rate somewhere between 10 and 15 percent.”

Wallace pressed: “I’ve got to tell you that outside experts we talked to, you’re talking in the 20s… For instance, you talked about low-income families. Not only don’t they pay, they actually get an earned income tax credit. Now, you’re going to have them paying 10 to 15 percent of whatever income they have or 20 percent if my experts are right.”

“I’ve got to tell you, a lot of independent studies say that the people who make out like bandits in this are the wealthy,” the Fox News host added.

Carson did not specifically address whether low-income earners would be hurt by a fair tax, but argued that there were “a number of things involved.”

Watch the video below from Fox News’ Fox News Sunday, broadcast May 10, 2015.

He gets his ideas from the bible? C'mon Doc

 

[g5000]

With no tax expenditures, as Carson suggested, the flat tax rate would have to be around 17 percent.

However, a flat tax is highly regressive, which Wallace didn't even get into in that short clip.

 

[g5000]

The thing is, it isn't the fact that everyone would be paying the same tax rate that makes the flat tax able to be filled out on a postcard.

It is the elimination of tax expenditures which make that possible. You don't even need a flat tax to do this. You could keep the current tax brackets and still be able to fill out your taxes on a postcard if you eliminated tax expenditures.

Ignorance of this fact by the mathematically innumerate is taken advantage of by Flat Tax proponents.

 

[rightwinger]

I have yet to see a flat tax proposal that does not result in the poor paying more and the wealthy paying less

 

[Statistikhengst]

Billionaires make out like bandits Fox News host smacks down Ben Carson s Bible-based flat tax



epublican presidential candidate Ben Carson’s plan to institute a flat tax plan that experts have said would give a massive break to the wealthiest Americans.

Carson said that under his flat tax plan, earners would “pay according to your ability.”

“I got that idea, quite frankly, from the Bible — tithing,” he explained. “You make $10 billion a year, you pay a billion. You make $10 a year, you pay one. You get the same rates. That’s pretty darn fair if you ask me.”

“Now some people say poor people can’t afford to pay that dollar. That’s very condescending,” he continued. “I can tell you that poor people have pride too. And they don’t want to be just taken care of.”

“Doctor, here is the problem with the flat tax in the real world,” Wallace noted. “According to the Tax Policy Center, to raise the same amount of revenue we do now, the tax rate would have to be in the low to mid 20 percent range. Low and middle income families would get a big tax hike while wealthy families would actually get a big tax cut.”

“That’s actually not — I don’t agree with that assessment,” Carson insisted. “Because I’ve been in contact with many economists. And in fact, if you eliminate the loopholes and the deductions then you’re really talking about a rate somewhere between 10 and 15 percent.”

Wallace pressed: “I’ve got to tell you that outside experts we talked to, you’re talking in the 20s… For instance, you talked about low-income families. Not only don’t they pay, they actually get an earned income tax credit. Now, you’re going to have them paying 10 to 15 percent of whatever income they have or 20 percent if my experts are right.”

“I’ve got to tell you, a lot of independent studies say that the people who make out like bandits in this are the wealthy,” the Fox News host added.

Carson did not specifically address whether low-income earners would be hurt by a fair tax, but argued that there were “a number of things involved.”

Watch the video below from Fox News’ Fox News Sunday, broadcast May 10, 2015.

He gets his ideas from the bible? C'mon Doc

The bolded within my quote of the OP, and then this:


"From each according to his abilities, to each according to his needs"


Anyone know where that statement comes from?

That is the CORE statement of the Communist manifesto.


--------------------------------------------------------------------------------------------


That having been said, many in the past have advocated for a complete flat tax.

The question is whether it is really feasable.

Just to get the debt to the point where we are at least paying off the interest on the debt - plus some - each year, I cannot imagine a bracket of less than 20% for anyone. That's 20% in Federal that you pay and never get back.

 

[Luddly Neddite]

Carson often seems to be very simplistic in his thinking and stubbornly ignorant.

But, I can guarantee that he knows this is true:

“I’ve got to tell you, a lot of independent studies say that the people who make out like bandits in this are the wealthy,” the Fox News host added.

I'm looking forward to seeing him on the debate stage. In the past, he has simply ignored questions or refused to answer them. It will be interesting to see what happens when he has no choice.

 

[ClosedCaption]

Carson started to say the study wasnt true but then he'd have to put up or shut up.

So he went with the "I dont BELIEVE that" dodge. Because you dont have to prove anything with a belief

 

[g5000]

All of the Flat Tax plans hinge on eliminating tax expenditures. These guys can't see the forest for the trees. The fact their plan depends on eliminating tax expenditures is proof that tax expenditures are the problem, not tax brackets!

A tax deduction is regressive. For example, the higher your income, the more expensive house you can mortgage, which means the bigger tax deduction you get. What's more, that mortgage interest tax deduction is rolled into the price of houses, which drives up their cost.

It is tax expenditures which are dragging us under, not the fact we have seven tax brackets.

We SHOULD have several tax brackets. Thomas Jefferson himself advocated a progressive tax structure as a means to prevent the unnatural concentration of wealth.

 

[NYcarbineer]

I have yet to see a flat tax proposal that does not result in the poor paying more and the wealthy paying less

That has to happen if the flat tax is in fact a flat tax,

simply because the progressive tax mathematically favors people of lower income. The more progressivity you take out (which is how you flatten taxes)

the more the richer will gain and the poorer will lose.

What too many of these flat tax fans don't realize is that the middle class gets hit hard too, and especially hard if you add to the flat tax a big exemption at the bottom.

 

[NYcarbineer]

A progressive tax structure taxes the money people use on necessities and basics at a lower rate than it taxes the money that people can use on luxuries,

or can save to make more money, which is money made at low tax rates.

That seems fair.

 

[Freemason9]

The thing is, it isn't the fact that everyone would be paying the same tax rate that makes the flat tax able to be filled out on a postcard.

It is the elimination of tax expenditures which make that possible. You don't even need a flat tax to do this. You could keep the current tax brackets and still be able to fill out your taxes on a postcard if you eliminated tax expenditures.

Ignorance of this fact by the mathematically innumerate is taken advantage of by Flat Tax proponents.

Apparently you don't understand income taxation very well. A "flat tax" would do NOTHING to shorten the tax filing process; all it would do is change marginal rates. The biggest part of tax law has to do with determination of what qualifies as income, and going to a "flat tax" does nothing whatever to that process.

 

[g5000]

The thing is, it isn't the fact that everyone would be paying the same tax rate that makes the flat tax able to be filled out on a postcard.

It is the elimination of tax expenditures which make that possible. You don't even need a flat tax to do this. You could keep the current tax brackets and still be able to fill out your taxes on a postcard if you eliminated tax expenditures.

Ignorance of this fact by the mathematically innumerate is taken advantage of by Flat Tax proponents.

Apparently you don't understand income taxation very well. A "flat tax" would do NOTHING to shorten the tax filing process; all it would do is change marginal rates. The biggest part of tax law has to do with determination of what qualifies as income, and going to a "flat tax" does nothing whatever to that process.

You are actually saying very nearly what I am saying.

 

[chikenwing]

A flat tax will very most likely never happen,but if it up helps start a really productive conversation on tax reform,then why not flesh it out,along with all the other ideas.

 

[rightwinger]

A flat tax will very most likely never happen,but if it up helps start a really productive conversation on tax reform,then why not flesh it out,along with all the other ideas.

Any flat tax would start out with an equal tax rate and few deductions

As soon as the Flat Tax is incorporated, expect Republicans to start reintroducing those deductions for the wealthy "job creators"
The wealthy will keep their deductions and end up with a tax rate 20% lower than they pay now

 

[PaintMyHouse]

When the flat tax is 50% and cover all the necessities of life, then we'll talk.

 

[Hossfly]

A flat tax will very most likely never happen,but if it up helps start a really productive conversation on tax reform,then why not flesh it out,along with all the other ideas.

Any flat tax would start out with an equal tax rate and few deductions

As soon as the Flat Tax is incorporated, expect Republicans to start reintroducing those deductions for the wealthy "job creators"
The wealthy will keep their deductions and end up with a tax rate 20% lower than they pay now

If a 10% tithe is good enogh for God, why is a 10% tax not good enough for Liberal pukes? Oh yes, I forgot all about where the money is going to come from to pay for all the vote inducing Free Shit! Go ahead on, tax the rich!

 

[Hossfly]

When the flat tax is 50% and cover all the necessities of life, then we'll talk.

You Liberal pukes won't have to worry abour Free Shit being taxed so why not bring it on.

 

[BluesLegend]

I have yet to see a flat tax proposal that does not result in the poor paying more and the wealthy paying less

Good, its time the poor got off their fat lazy asses and paid their own damn bills.

 

[rightwinger]

A flat tax will very most likely never happen,but if it up helps start a really productive conversation on tax reform,then why not flesh it out,along with all the other ideas.

Any flat tax would start out with an equal tax rate and few deductions

As soon as the Flat Tax is incorporated, expect Republicans to start reintroducing those deductions for the wealthy "job creators"
The wealthy will keep their deductions and end up with a tax rate 20% lower than they pay now

If a 10% tithe is good enogh for God, why is a 10% tax not good enough for Liberal pukes? Oh yes, I forgot all about where the money is going to come from to pay for all the vote inducing Free Shit! Go ahead on, tax the rich!

Why?

Because Billionaires paying only 10% tax is obscene

God wants you to pay your taxes....Render unto Caesar what is Caesars

Why do you hate God?

 

[g5000]

When the flat tax is 50% and cover all the necessities of life, then we'll talk.

A good job covers all the necessities of life.