tag:blogger.com,1999:blog-1406748910519793683.post2842186984084401679..comments2024-02-28T02:21:13.839-08:00Comments on Daily PUMA: Why a Flat Tax could be more "equitable" if it also included ObamaCare instead of what the Supreme Court just agreed to.Alessandro Machihttp://www.blogger.com/profile/06316327488702524564noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-1406748910519793683.post-70482782777329504742012-07-06T13:10:39.558-07:002012-07-06T13:10:39.558-07:00For a small business owner, tax simplicity would b...<i>For a small business owner, tax simplicity would be a godsend.</i><br /><br />the thing that makes the tax code complex is not the graduated income tax, it's all the deductions. the idea that a flat tax would simplify tax filings for ordinary people is simply wrong. unless we were to also eliminate deductions and tax credits (which includes popular ones, like the existence of 401(k)s, the mortgage deduction, the child credit, etc), the simplification argument is just a fig leaf for giving rich people a massive tax cut.upyernozhttps://www.blogger.com/profile/13468075957480441353noreply@blogger.comtag:blogger.com,1999:blog-1406748910519793683.post-65061540856932084342012-07-02T21:06:29.322-07:002012-07-02T21:06:29.322-07:00Because that 40,000 dollar salary includes health ...Because that 40,000 dollar salary includes health insurance coverage and ALL taxes as well. Is your point that someone making 200,000 dollars should end up keeping as much as someone earning 40,000 dollars?<br /><br />The further point is isn't it better to know exactly where one stands at the beginning of the year than at the end, when they may have overextended themselves thinking their tax rebate would help them, only it turns out it is a lot smaller than they thought and now they have cascading credit card debt?<br /><br />For a small business owner, tax simplicity would be a godsend. For a family of four, it could mean finding a job because the small business owner has saved a ton of time not having to deal with so many tax related issues.Alessandro Machihttps://www.blogger.com/profile/06316327488702524564noreply@blogger.comtag:blogger.com,1999:blog-1406748910519793683.post-15038075619235437502012-07-02T20:26:46.294-07:002012-07-02T20:26:46.294-07:00Yeah, a person making $40,000 per year hit with a ...Yeah, a person making $40,000 per year hit with a 30% tax is obviously the same as one making $200,000 hit with the same tax. Are you kidding me? Where does this "reason" come from?Anonymousnoreply@blogger.com