Time for a flat tax

[FRPLG]

Originally Posted by dmek25

hate to say it, but you should pay more if you make more. why should i be paying the same flat tax as a millionaire? if you think about it, it really doesn't make sense

Actually I think logically your argument doesn't make sense. Shouldn't everyone contribute an equal proportion of their income? Why is it fair for someone rich to pay a higher proportion? That seems like faulty logic.

All that being said I am not sure a flat tax would work for us and I am relatively ok with our progressive system as long as politicians keep an eye out for middle America. It is requiring increasingly more money to live comfortably in this country and that is driving up salaries. All of a sudden a lot of people who are considered in the higher tax bracket are the same ones who'd have been no higher than middle-middle class 40 years ago adjusted for inflation. They might have only been in the second tax bracket then. Take the AMT for example. A lot, no a TON of people are going to get hit with this in the coming few years and it will mostly be middle class Americans who all of a sudden are getting bumped into the same tax bracket Bill Gates and Warren Buffett are in. The AMT was meant for the super rich when it was made. Does that even make any sense at all?