Reply to Do you think taxes will increase to pay for the nation's debt?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]A flat income tax would solve the problem. Everyone pays 25%. No credits, no deductions, no loopholes, no anything. Disadvantaged groups already make out on the receiving end, so things are still skewed to helping those in need. Easy peasy. [/quote]

Too regressive.

Maybe over a certain threshold. 
[/quote]

Not regressive, but fair.

The current system allows most of the population to have a free ride on the backs of the rest.

"as a share of adjusted gross income (AGI), the top half of income earners paid 97.1 percent of federal income taxes. The top 1 percent earned 22.4 percent of total income and paid 40.4 percent of all the income taxes. The top 10 percent earned 49.4 percent of the income and paid 72 percent of the income tax."  https://www.cato.org/blog/its-tax-season-five-charts-who-pays-whats-risk

40% of households pay no federal income tax at all.  https://taxpolicycenter.org/fiscal-facts/who-will-pay-no-federal-individual-income-tax-2025

Fairness requires everyone to contribute in proportion to their income, neither rewarded for low earnings nor punished for high earnings.  [/quote]

I dont think the lower wage earners should be paying more taxes.  I also dont think we should be sticking it all on the highest wage earners either.  I think we should change the laws on how certain things are taxed though.

First example, it is not in any way fair to allow 15 million in assets to be handed over to heirs tax free.  They have not earned that wealth, no reason it shouldn't be subject to taxes.[/quote]

Why should the government confiscate it instead of it remaining in the family?  There is no moral or ethical basis for that position.  The government didn't earn it.  It would also encourage wealthy people to simply spend and/or conceal their wealth abroad before death, not to conserve it or invest it.  [/quote]

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