Marie PhD
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The Cruelty of Flat Taxes

8/22/2013

4 Comments

 
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I keep hearing that flat taxes are the ultimate solution when in fact they are extremely cruel.

Lets work an example to prove what I mean.

John works two jobs to earn $20k per annum. Bob earns $100k per annum. Lets assume the flat tax rate is 10%.

This means John has to pay $2k taxes on his income of $20k. This leaves him with $1500 to live on per month (1800/12).

Of that he has to either pay rent (although more unlikely is he is paying a mortgage). In San Jose, CA, rents can start at $1300/month for a studio apartment. That leaves him with $200 for food, utilities, car, insurance, clothes... Totally impractical?

Bob pays $10,000 in taxes, leaving him $90k to live on, and that is $7500/month. He can rent a place easily with that. Lets say he rents a place for $4500/month. This still leaves him $3k/month to pay for his food, utilities, car, insurance, clothes... quite feasible.

Yes there are people who are earning no more than $20k/annum. In San Jose the minimum wage is $10/hour, so if you do live on a minimum wage job with 40hours/week, you are sitting on $20k.



4 Comments
John B. Egan
8/23/2013 04:16:09 am

I have no problem with flat taxes, as long as everyone is paying 'flat prices'...As an example, if a minimum wage worker gets a DUI, it costs him about 2/3 of his yearly salary to pay it off, or about $10,000 ...By implementing my flat prices plan, Donald Trump's DUI would cost him $28,560,000. In the same vein, our minimum wage worker pays $8 for a burger, fries and coke; in essence 1 full hour pre-tax earnings. Under my plan, Donald Trump would be charged $105,000 for that same meal. Not only does it work so well, but think of how pleased McDonalds would be to see Trump pull up for a meal! It's what I consider a 'trickle up' plan!

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Marie
8/23/2013 01:10:16 pm

I think this is the system they have in place in Finland

Reply
John B. Egan
8/23/2013 04:20:18 am

All kidding aside, the Flat Tax is just another means of handing over more wealth to the wealthy. Steve Wozniak had a different take on taxes that is very interesting:

Woz on taxes: It’s really not fair that businesses are not treated the same as people – MacDailyNews - Welcome Home - http://bit.ly/13M8gIY

Reply
Marie
8/23/2013 01:11:18 pm

Unfortunately the link didn't work.

Reply



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    I am interested in progressive politics, women's rights, science & art. I believe the only way we'll survive is if we help each other.

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