A true flat tax
May. 22nd, 2007 06:19 pm![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
james_davis_nicollI know that there are fans of so-called flat taxes out there but I wonder if they are aware how unfare the so-called flat tax is. Say that a person who made a billion dollars and a person who made $10,000.00 were both taxed 10% of their income, something that so-called flat taxers might think is fair. The poor billionaire ends up paying $100,000,000.00 while the other person gets off with a mere $1,000.00! Is this fair? I think not.
Instead I propose the True Flat Tax, where the amount of money the government need is divided by the number of citizens and each citizen billed the resulting amount. For example, in 2006 the US government gathered about 970 billion dollars in income tax, primarily from the long-suffering rich. In my scheme, that 970 billion would be divided by the number of adults in the USA (about 72% of the total population), for a per person bill of about $4500.00. Even for someone on minimum wage, this is only 21 40-hour weeks worth of income.
Instead I propose the True Flat Tax, where the amount of money the government need is divided by the number of citizens and each citizen billed the resulting amount. For example, in 2006 the US government gathered about 970 billion dollars in income tax, primarily from the long-suffering rich. In my scheme, that 970 billion would be divided by the number of adults in the USA (about 72% of the total population), for a per person bill of about $4500.00. Even for someone on minimum wage, this is only 21 40-hour weeks worth of income.
