"Pete C." wrote:

Han wrote:

"Pete C." wrote in
.com:

snip

From what you said and I snipped, a flat tax is almost the same as what we
have now, except there are no loopholes or deductions And, if you have a
"poverty" cutoff, then in essence you have a graduated, progressive tax
structure - income more than $XX.XX requires a higher tax (unequal to
zero). Having a few more graduations wouldn't be bad, then, IMO.

As intimated, I agree about getting rid of loopholes.

It's not "progressive" (a.k.a. socialist), if it is the same rate for
everyone and only has a poverty cutoff.

To be clear, I firmly believe the person at the McD grill, Bill Gates
and myself should all be paying the same percentage of our income in
taxes. This of course means Bill will pay the most in $, the McD guy the
least and I will be in the middle somewhere.