10% U.S. Flat Tax Accross the Board!

[Hank Rearden]

Several of the so-called Flat Tax proposals are actually modified flat tax. There is a deduction for a single person, or a married couple and additional deductions for children After that, the flat tax rate is applied.

One of many problems with the current system is that 49% of households in the U.S. pay no income tax. They have no "skin in the game". It doesn't really matter to them what the tax rates are or how the U.S. Government spends the taxpayers money.

I read an editorial this past weekend where the writer tried to debunk some politicians statement that 1/2 of the households pay no income taxes. They always call Social Security "Payroll Taxes". They also brought up gasoline taxes, sales taxes, etc. But the point remained unchanged that 49% of households pay no Federal Income Tax.

If I paid no income tax, I would care less what the tax rates were or how it was spent!

Another argument that I grow very tired of is that "you can't support a family on minimum wage". Of course you can't! It was never intended to be able to do that.

Minimum wage is for people with minimum skills. The vast majority of people that receive minimum wage are not trying to support a family on it. You might find the data in this report a real eye-opener!

http://www.heritage.org/research/rep...rban-teenagers

Although there are those unfortunate folks who due to a job loss find themselves working at minimum wage, and that could be difficult. But even older adults that are working at minimum wage have an average family income of $33,606 a year, well above the poverty level for a family of four.

Personally, I only ever worked 2 jobs where I started at minimum wage. The first was at $1.65 per hour. That lasted for 2 months. At that time I was promoted and received a raise to $1.90. I was in High School at the time.

The second time was after I graduated from college, the job market was very poor, and I took a temporary job at MW, which was $2.50 at the time. I worked that job for about 8 weeks until I was hired for a position commensurate with my education and experience and paying about $10.00 per hour.