So you would have a 20% flat tax? Let's look at the effect on a low income family. Assume an income of 20,000.00 (10.00 per hour at 2000 hrs a year.) for a family of 3. Under current law they would have about 7-800.00 withheld and at tax time would recieve a refund of about 3600.00 for an effective tax of -2800.00, raising their income to 22800.00 for the year. Under your plan their tax would be 4000.00 leaving them to try to survive on 16000.00. Now, a person making 500,000 would pay about 190000.00 under your plan they would pay 100,000.00. Saving them 90,000.00. I never would have thought you would be so pro for the rich, at the expense of the poor..
on July 28, 2011, 9:23 pm, in reply to "
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