What's wrong is that it gives an enormous tax break to the wealthy and a tax
increase on the poor. In the USA, the poor pay no income tax. And they
shouldn't, they're already making in many cases half the actual cost of
living because more than half the jobs here pay less than $8 an hour, while
the actual income needed to live just as an individual with no wife or kids
is about $12 an hour here in Indiana (assuming full-time work) and in many
parts of the country the cost of living is FAR more due to outrageous
housing costs.
--
Chris Crawford
Photography & Graphic Design
Fort Wayne, Indiana
http://www.chriscrawfordphoto.com My portfolio
http://blog.chriscrawfordphoto.com My latest work!
http://www.plumpatrin.com Something the world NEEDS.
On 10/24/08 8:44 PM, "John Hudson" <OM4T@xxxxxxxxxxx> wrote:
>
>
> What's wrong with a flat tax .............. back a few years ago Hong Kong's
> flat tax on wages and salaries was 15%, there was no capital gain tax and no
> sales or consumption taxes. The place thrived. Today it booms but I think
> the flat tax got hiked to 16% or 17%.
>
> jh
>
>
>
> ----- Original Message -----
> From: "Andrew Fildes" <afildes@xxxxxxxxxxxxx>
> To: <olympus@xxxxxxxxxx>
> Sent: Friday, October 24, 2008 5:27 PM
> Subject: [OM] Re: paypal
>
>
>>
>> A flat goods and services tax advantages the middle-class somewhat -
>> there's only so much that you can consume. That's why unprocessed
>> foods were exempted. Shame the lower classes tend to prefer
>> Macdonalds. And it really is a tax on everything, including a postage
>> stamp and an insurance premium. The aim is to recognise that we live
>> in a tertiary economy - most 'stuff' is manufactured in China (10%
>> import duty into Aus) but we make our living these days by cutting
>> each other's hair and lawns. Unlike the European VAT, however, it's
>> largely invisible to the consumer except in the case of a pure
>> service such as an auto repair where a labour charge is listed.
>> Because my 'fee for service' work, like journalism, falls below a
>> certain threshold ($50K p.a. turnover) I don't have to bother with
>> declaring it or remitting it to the government thank goodness.
>>
>> It should not be confused with the occasional mad proposals for a
>> flat income tax - that's an entirely different basket of snakes.
>> Andrew Fildes
>> afildes@xxxxxxxxxxxxx
>>
>>
>>
>> On 25/10/2008, at 5:09 AM, Ken Norton wrote:
>>
>>> A flat tax would never fly here because of the class warfare which is
>>> inherent to our culture.
>>
>>
>>
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