But it's my understanding that the flat tax would also eliminate withholding, which to my mind is the biggest culprit in reducing productivity for the average American.
Which brings me to another question. Which system do you think would make it easier for the average American to make Congress accountable for it's spending?
Nope, still there, as well as withholding FICA taxes.
Which system do you think would make it easier for the average American to make Congress accountable for it's spending?
Well, obviously I'm going to say the Fair Tax. We would see the tax everytime we bought something. And we would all be paying the same rate. They couldn't pass a tax hike without us knowing about it because the rate would be transparent and one rate means they couldn't pull the class warfare stuff. Everyone would get teed off everytime they bought something big, and hopefully would get more involved in pointing out government waste.
I don't think the flat tax would do anything to make Congress accountable. It is still virtually the same system we have now, just retooled, and past experience shows the result.
But it's my understanding that the flat tax would also eliminate withholding, which to my mind is the biggest culprit in reducing productivity for the average American.
All of them leave the SS/Medicare side of taxes in place as is. None that have been introduced in Congress that I have seen proposes eliminating withholding on individual income taxes even.
Which system do you think would make it easier for the average American to make Congress accountable for it's spending?
The Fair Tax as it places the cost of government squarely in front of each voters perceptions instead of hiding a third to half of the federal taxes collected from their view in higher prices, lower wages and lower returns on investments.
"In 1997 the top 50 percent ($36,000 and over) paid 96 percent of income taxes. Guess what the bottom 50 percent of income earners paid?
...
--- Walter Williams
Bush touts relief as tax day looms
Another 3.9 million Americans will have their income tax liability completely eliminated, officials said.
That's 3.9 million Americans more added to the spending constituency of 70% of the public clamoring for more from government, expecting someone else to foot the bill.
It's like me in the restaurant: What do I care about extravagance if you're footing the bill?"
--- Walter Williams