flat tax Options

[*krnxswat*]

for or against? share your thoughts!

for those of you that doesn't know what it is,

Q.What does "flat" mean?
A. "Flat" simply means "no graduation", or everybody pays the same rate. If you graph income levels with tax rates, there is no rise -- it is "flat."

Q.What is "graduation?"
A. Graduation comes from the idea that another dollar added to a rich person's income means less than another dollar to a poor person. In other words, when poor people get another dollar, they might use it to eat better. When rich people get another dollar, they will only increase their level of luxury slightly, probably unnoticeably. So graduation makes a rich person pay more per additional dollar than a poor person. Graduation is part of the current US income tax system. Most other countries use graduation as well.

[*kryogenix*]

I don't agree with tax brackets and graduation. I think we should have flat income tax (as long as it's pretty low). The burden is placed too highly on the rich, taking away some motivation to earn more than a certain amount.

Now imagine if the tax was graduated the other way (as in poor people paying a higher rate and rich people paying less). This is also unfair (and rather bad idea), but it would motivate people to make money. Nevermind, just a thought.