"RD Sandman" wrote in message
...
John Smith wrote in news:irgik5$f2r$3@dont-
email.me:

On 5/24/2011 8:20 AM, gfn wrote:

...

Where are some credible souces to back up any of that innuendo you keep
attempting to push?

Truth is, sure looks like the wealthiest 1% are not paying 42% of all
of
governments costs, and sure looks like the top 19% are not paying half
of governments costs, until that happens they are NOT paying their fair
share ... a flat tax can fix that ...

Oh, you mean one like this?

A tax on *ALL* income no matter where derived. One deduction. Federal
poverty level for a family of four and everybody gets that deduction.
Have a tax rate of, say 15% and the current poverty level at $24K and we
get the following:

A person who earns up to $24K, pays nada...
A person who earns $50K, pays $3,900 (50-24x15%)
A person who earns $100K, pays $11,400 (100-24x15%)
A person who earns $500K, pays $71,400 (500-24x15%)
A person who earns a million pays $146,400 (1000-24x15%)

That do it for you?


..
..
If you add a $1,000 tax to the $50,000 guy he becomes homeless
If you add a $1,000 tax to the $1,000,000 guy...he never notices it.

That's what's UNFAIR.

The EFFECT on the wealthy taxpayer is nil.
The EFFECT on the low income tax payer is catastrophic.