Reply #5: Overall tax-wise we ALREADY DO have a flat tax [View All]

[EVDebs]

Please read Chapters 7 and 8 of Perfectly Legal: The Covert Campaign to Rig Our Tax System to Benefit the Super Rich -- and Cheat Everybody Else, by David Cay Johnston. And your 20% is about what everyone already pays in when state, local, and federal taxes are combined !

This is a verrrry regressive tax system as the wealthy already offshore and/or hide most of their taxable incomes; the wage earners whos income is reported directly to the IRS isn't so lucky.

Maybe if incomes were reported from the SEC and Treasury department datafiles for the wealthy to be more accurately taxed...