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All-TigerNet [13190]
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Question to the flat taxers
Apr 24, 2015, 11:41 AM
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Are there any other countries that use a flat tax, and if so, how does it work for them?
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Ring of Honor [32958]
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Re: Question to the flat taxers
Apr 24, 2015, 11:44 AM
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If only there was a way to search the internet for this kind of information...
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All-In [49309]
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I never get results with the
Apr 24, 2015, 11:59 AM
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quality blend of humor, ignorance, and insightfullness from google vs asking the JouNge.
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Oculus Spirit [78876]
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I don't know drew's angle, but in my experience with
Apr 24, 2015, 12:08 PM
[ in reply to Re: Question to the flat taxers ] |
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the Junge, he already knows the answer from the op/ed article he just read the first and last paragraphs of, and is looking to bait someone silly pub sheeple.
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All-TigerNet [13190]
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Bruh, I read the first two paragraphs
Apr 27, 2015, 12:37 PM
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The best answer is Russia. They like the flat tax because it makes the Oligarchs happy. In turn they agree to purchase New Jersey sports teams.
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All-TigerNet [10185]
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Re: Bruh, I read the first two paragraphs
Apr 27, 2015, 1:15 PM
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They also like special deals to get our Uranium.
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All-In [34145]
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Oculus Spirit [97942]
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Legend [18026]
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It's why we have a "New Jersey"
Apr 24, 2015, 2:18 PM
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not really or maybe
I don't know
I don't care
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Ring of Honor [32958]
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New Jersey ain't a country.
Apr 24, 2015, 2:44 PM
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It's a wormhole to another planet.
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All-In [26968]
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Legend [15757]
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I have the same question about other countries and socialism
Apr 24, 2015, 12:17 PM
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Ring of Honor [32958]
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Re: I have the same question about other countries and socialism
Apr 24, 2015, 12:23 PM
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(Communism) seems to work great for China. They're making a killing selling rope to capitalists...
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Legend [15757]
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Yes, and the Chinese government absolutely floods the poor
Apr 24, 2015, 12:26 PM
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in China with entitlement programs.
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Ring of Honor [32958]
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Re: Yes, and the Chinese government absolutely floods the poor
Apr 24, 2015, 2:11 PM
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I'm sure they appreciate your patronage.
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CU Medallion [60261]
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I suppose England because they live in them
Apr 24, 2015, 2:32 PM
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and probably pay a mortgage tax.
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All-In [42443]
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Orange Blooded [3590]
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When you say, "How does it work?", in what regard?
Apr 27, 2015, 8:53 AM
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If you are speaking of the compliance cost and general understanding of the tax code, the answer would have to be "excellent."
Your tax returns could be put on a postcard, but then HR Block, Turbotax, the tax attorneys, the tax courts, and the IRS would have to go find productive work.
If you are speaking of minimal intrusion by the government, causing inefficient behaviors of producers and consumers in the marketplace, the answer would be excellent.
If you are talking about "fairness", the answer would be excellent.
If you are talking about increasing the efficiency of the aggregate economy, thereby making us more productive, the answer is excellent.
My plan would be to make the 1st $20,000 of every individual's income tax free, no exemptions and no deductions, and no credits (earned or not earned), and tax everything above that at a flat rate. No exceptions.
Calculating business profits are totally different than an individual's income.
Now, your question applied to countries, and that makes comparisons difficult, if not impossible. There are many things that impact economic output, and therefore taxes and incomes within countries. For example, political stability, security of capital, economic freedom in the marketplace, government regulation, other forms of fees and taxation, tariffs, etc., etc. But one very important piece of the total is government intrusion into the private decision making of individuals through the income tax code, and that piece is fixable with a flat tax.
The only thing preventing a flat, fair, simple income tax is your duly elected representative. But if they did this, then they would lose control, and that can never happen.
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All-TigerNet [13190]
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You win the Ron Paul award for the day
Apr 27, 2015, 12:33 PM
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For taking an incredibly complex system and making it sound like it's super easy to understand and fix.
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Legend [15757]
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What was the point of your initial post?
Apr 27, 2015, 1:03 PM
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If it was to say "Russia has a flat tax, so it sucks," then I'm not sure you need to be accusing CDef of excessive over-simplifying.
It is interesting to think about...the amount of money the country ties up in an effort to optimize it's tax position...or at the very least, comply with the tax code legally. Imagine if there was a flat tax as simple as CDef implied? How many millions of jobs would be adjusted from tax accounting to actual value-added accounting practices? How much money would the federal government save without the IRS, or with one severely reduced?
The question then would be, at what level would you begin to tax (assuming you would want a threshold of burden) and then at what level would you tax the remaining amount? Interesting to consider it and interesting to think about the implications.
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Orange Blooded [3590]
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