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dawg

(10,777 posts)
10. Most people who favor a flat tax think that the rich are over-taxed.
Mon Dec 9, 2013, 11:18 AM
Dec 2013

If that is true, then a flat tax would - as a mathematical necessity - require raising taxes on everyone else in order to make up for taxing the rich less.

Oftentimes people propose flat taxes at reasonable sounding rates, like 15%, which make them sound somewhat appealing to ordinary people. But such plans would raise only a fraction of the money that is raised by our current tax code. A real flat tax would require a much higher rate, and most people would have to pay more than they currently do.

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