Why we need a Flat Tax

Or even better, no income tax, only Value Added Tax – Drudge:

Middle Class Said To Pay Higher Tax Rate Than Heinz Kerry And Kerry
Mon Oct 11 2004 10:22:17 ET

Stephen Moore, president of the Club for Growth, writes in the WALL STREET JOURNAL on Monday: “According to the Kerrys’ own tax records, and they have not released all of them, the couple had a combined income of $6.8 million in income last year and paid $725,000 in income taxes. That means their effective tax rate was a whopping 12.8%…. “Under the current tax system the middle class pays far more than the Kerry tax rate. In fact, the average federal tax rate—combined payroll and income tax—for a middle-class family is closer to 20% or more. George W. and Laura Bush, who had an income one- tenth of the Kerrys’, paid a tax rate of 30%. …

“Here is the man who finds clever ways to reduce his own tax liability while voting for higher taxes on the middle class dozens of times in his Senate career. He even voted against the Bush tax cut that saves each middle-class family about $1,000.” The Kerrys “have unwittingly made the case for what George W. Bush says he wants to do: radically simplify and flatten out the tax code. … So before John Kerry is given the opportunity to raise taxes again on American workers, shouldn’t he and Teresa at least pay their fair share?”

END

I really hate exemptions. If you can’t do your taxes on the back of a postcard, the tax code is too complicated. As for stopping tax cuts for the wealthy, Johnny boy doesn’t need ‘em. He pays a smaller % than I do. How about you cut the wealthiest citizens tax rate by 5%, but close all the loopholes and deductions. Think they will wind up paying more or less?

~ by kinshay on 2004-10-11.

No Responses Yet to “Why we need a Flat Tax”

  1. I still don’t know why President Bush didn’t take Howie Cahh’s advice and hit the good senator with his crapulent position of not opting to pay the higher Mass state income tax, although if he bothered to vote on the referendum, I’m sure he voted against lowering the rate.

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