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Intrepid_Priority154 t1_ivzl3h5 wrote

Reply to comment by Bobbydadude01 in Can someone explain question 1 by [deleted]

How do you get to the $14K?

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Bobbydadude01 t1_ivznuah wrote

Individual federal income tax / number of taxpayers.

That would be how much everyone would need to pay to raise the same revenue we do now if we did it "fairly".

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Intrepid_Priority154 t1_ivzo7if wrote

Hopefully you see the flaw in your analysis.

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Bobbydadude01 t1_ivzpi6f wrote

Point it out or don't bother leaving a comment

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Intrepid_Priority154 t1_ivzrbad wrote

Interesting. So your analysis and what I am taking away from it is that someone making $15/hour ($30K a year) pays $14K. And someone making $1M is also paying $14K if it’s a flat tax system. Not the person making $30K pays $1,500 (5%) and someone making $1M pays $50K.

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Bobbydadude01 t1_ivzuljd wrote

That section was explaining the problem with raw tax values. It's an idea that libertarians love for some reason.

My point remains the same.

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Intrepid_Priority154 t1_ivzw54v wrote

Your point was awful and makes 0 sense. I have never heard anyone explain a flat tax that way.

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Bobbydadude01 t1_iw0dyka wrote

I was explaining the issue with holding fairness above everything else. Equal payment is the most fair system but it's awful.

Increasing the lower classes financial hardship while our upper class can afford taxes is wrong.

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Intrepid_Priority154 t1_iw0e4m5 wrote

No one has ever made that argument that everyone should make a payment the way you described. Fair share is pick a percent and everyone pays that percent of income. 5% would be the same for everyone.

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Bobbydadude01 t1_iw0e7kg wrote

I was explaining the issue with holding fairness above everything else. Equal payment is the most fair system but it's awful.

Increasing the lower classes financial hardship while our upper class can afford taxes is wrong.

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Bobbydadude01 t1_iwjhg9w wrote

Also I did full math and it was a flat tax on all income (wage, investment, everything) it would need to be 24%. That's before state taxes and such this is just federal. This means that if you make minimum wage and work 40 hours a week 52 weeks a year you would take home a whopping 11,460% a year. That's why below the poverty line. The line that's already incredibly lower then what's required to survive.

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