Thread: So if you had to choose...
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Unread 11 Nov 2005, 20:06   #27
All Systems Go
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Re: So if you had to choose...
Quote:
Originally Posted by acropolis
assuming you mean a flat tax % of income (as opposed to flat % of wealth or a true flat 'everyone pays X' system), i think the opposite on both counts.

let's say i make ~10K per year. very likely my expenses are very close to exactly that. under a graduated system, i don't get taxed much at all, and make ends meet. moving to a flat tax system, my income gets cut down a notch, and suddenly i need some soft, milky government teat to suck on to make ends meet.

and while it's true that the more i suck, the more i have to spend in taxes, it's still okay because being as i am below the average income mark, i'm still getting more than my share back with every % the rate moves up.
any system where there is any correlation between income and tax is going to do just that though. if you don't like that, then why not champion a system that doesn't punish the successful?
I've not seen the proposals but I am fairly sure that there would be a certain point where tax woud begin. So people who earn (lets say) £15,000 or less wouldn't pay any income tax, while those who earn over that amount would pay the same level of tax per pound the initial £15,000.
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