Conservative Daily News allows a great deal of latitude in the topics contributors choose and their approaches to the content. We believe that citizens have a voice - one that should be heard above the mass media. Readers will likely not agree with every contributor or every post, but find reasons to think about the topic and respond with comments. We value differing opinions as well as those that agree. Opinions of contributors are their own and do not necessarily reflect those of CDN, Anomalous Media or staff. Click here if you'd like to write for CDN.
Put This Story in your Circles and Share with your Friends

One thought on “The Flat Tax fantasy

  1. Zbigniew Mazurak

    I might also add that the flat tax would give the Democrats ample ammo to claim that Republicans are “the party of the rich” that wants to cut taxes only for rich people.

    Why? Because any flat income tax, in order to provide sufficient revenue for the federal government – even a dramatically slimmed one – would have to have a rate of at least 15% (and closer to 20%). Sen. Rand Paul’s proposed flat tax would be levied at a 17% rate.

    If such a rate were to be implemented, then – even with all standard deductions – the poorest and middle-class Americans would see a steep TAX HIKE (to the tune of thousands of dollars every year), while the wealthiest Americans would see a big tax cut.

Comments are closed.