Originally posted by Mini D
What was the trend in the last year... not since 1999. Everyone know's what happened then Curly, and pretty much why it happened. Of course, nobody from "then" had to try to do anything ot fix the mess.
Depends on the rate of the flat tax? The highest tax % is 35% right now, the lowest is 15%. Who will definately be paying much higher taxes as a result?
MiniD
dj, taxes aren't as simple as you're trying to make them. For example, because of deductions, it's possible for a large corporation to have a virtually tax free year. I'm not complaining, just pointing it out.
When one says "flat rate tax," does this preclude the possibility of deductions? If flat rate means "a flat rate based on gross",
then sure, georgie will pay more taxes than I.
However, if the gross is adjusted, then who knows who would pay more tax. I sure don't!
curly