Subj : Re: Um...no comment?
To   : Deuce
From : Finnigann
Date : Tue Sep 20 2005 06:37 am

-=> Deuce wrote to Sam Alexander <=-

 De>   Re: Re: Um...no comment?
 De>   By: Sam Alexander to Mrproper on Tue Sep 20 2005 00:49:00

 > I think if they made it flat ... 20% to federal and 5-10% to state right off
 > the top with no sales tax, we'd be good.  Also instead of saying $X is for
 > education, $X is for military, etc, have it to where 0.05% of your taxes are
 > for this or that.  This means the more folks work the more goes back into
 > each government aided program.  People can see where their dollars are
 > going.

 De> Not sure how taxes are set up in the USA... but my understanding of the
 De> flat tax number crunching is that a flat tax of 20% would replace the
 De> federal portion of income tax.  State and municipal (county?) taxes
 De> would need to be in addition to that.

Some estamates I have seen it could be as low as single digets. Depending on
how you account for income. As mentioned before moving assets (in name only)
off shore precludes ANY taxing. So if you count USA companies income no mater
where they try to hide it, the end number could very well be 8-9% to equal what
is now required...



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