drifterlee opened this issue on Feb 14, 2008 · 56 posts
Winterclaw posted Fri, 15 February 2008 at 5:13 PM
It'd be hard to implement a flat tax in the US mainly because since the upper class pays so much, in order to make it fair the lower classes could see a big jump in taxes. Last I heard the top 5-10% pays more than 50% of all taxes or something like that. Plus you'd have trouble keeping it flat because everyone would want deductions that uneven it or say the rich aren't paying their fair share (even though everyone technically be paying at the same rate).
Quote - There are many that feel that the act that created revenue taxation was un-Constitutional to begin with
Unfortunately the government has the right to tax and a constitutional amendment to lay an income tax. It was only supposed to be 1% originally...
To the OP: if you really are serious and really good at making things, consider starting a business as businesses have some tax rules that are easier than a single individual. You might not save a lot and it could be more hassle than it's worth but you could at least look in to it and see if it is the correct option for you.
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