LogFAQs > #931319259

Jesus guys, like I said above, it's done many places, and you just don't start taxing people till they make enough to live on, it's generally 30k a year, then it's a flat tax after that.

So if you take Mead's 40% and apply it to average americans, almost everyone would be better off except the upper middle class and wealthy.

If you currently make 40k a year for instance, under the new system you would pay no taxes on the first 30k, and 40% of the last 10k. That means 4k total in taxes. Compared to our current system where you pay 0% on the first 12k 10% on the next 10k and 12% on the next 30k. In such a situation a person would currently pay only 3k in taxes (so you would actually pay more with the flat tax at 40k (mind you that is not filing jointly etc).

Anywone making less than 30k but over 12k would pay less taxes. Anyone making 30k-50k would pay around the same, and anyone making over 50k would pay more taxes over all.

Honestly I don't think 40% is needed though, and something along the lines of a 33% flat tax rate for all incomes over 30k (per person), would be fair, actually increase the total taxes collected and protect those people who are having the hardest time getting by.

Meanwhile cutting out the regan tax cuts for the wealthy, the loopholes for them and for corporations etc, would drastically increase the amount of taxes collected and ensure things are more fair over all.

The next step is to stop making our prison systems and medical systems for profit, stop having people become billionairs off our medical system (and letting people die etc) all together. I'd like to see our education system at least become non-profit as well (doesn't have to be free mind you, but again, we don't need people becoming billionares based on charging people for an education).

But whatever, the corporation overlords are not gonna let any of that happen.

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