WHY A FLAT TAX FAVORS THE RICH AND PUNISHES THE POOR

THE GREAT DEBATE ABOUT THE FLAT TAX COMES FROM PEOPLE WHO HAVE NO KNOWLEDGE OF THE MANNER THAT INCOME TAXES EFFECT INDIVIDUAL TAXPAYERS. I AM AN INCOME TAX PFOFFESSIONAL WHO HAS BEEN HELPING PEOPLE WITH THEIR INCOME TAX FOR OVER 40 YEARS. I DEAL DIRECTLY WITH INDIVIDUAL TAXPAYERS AND THE LARGE NUMBER OF VARIATIONS IN THE MANNER WHICH THEY LIVE. I HAVE HAD EXPERIENCE IN INCOME TAXES  SINCE BEFORE THE GREAT TAX SIMPLIFICATION ACT THAT PRESIDENT EISENHOWER INSTITUTED THROUGH THE INCOME TAX REFORM ACT OF PRESIDENT REAGAN AND ALL THE COMPLEX ALTERATRIONS THAT HAVE PROGRESSED OVER THE YEARS.  WHEN I SIT DOWN AITH A CLIENT TO HELP THEM PREPARE THEIR TAX, I CONDUCT A COMPLETE AND COMPLEX  INTERVIEW INTO THE FINANCIAL AND PERSONAL LIFE OF EACH CLIENT SO I MAY PLAN THE BEST TAX STRSATEGY FOR THEIR INDIVIDUAL SITUATION AND DUE TO THE COMPLEXITY OF THE TAX CODE DUE TO THE CONTINIOUS EFFORTS TO PROVIDE FAIRNESS ON AN INDIVIDUALS FINANCIAL AND PERSONAL SITUATION, THESE INTERVIEWS HAVE BECOME LONGER AND MORE INTRUSIVE INTO THE LIVES OF THE INDIVIDUAL.  DESPITE THE WELL MEANING EFORTS OF SEVERAL MEMBERS OF CONGRESS OVER THE YEARS TO PROVIDE CONSIDERATION FOR EACH INDIVIDUALS SITUATION, IT IS IMPOSSABLE TO CUSTOMIZE THE VAST AND VARIOUS CONDITIONS AND SITUATIONS WHICH EXIST IN OUR SOCIETY, SO SOME ADJUSTMENTS HAVE TO BE MADE.  I USED TO BE ABLE TO COMPLETE 30-35 TAX RETURNS IN AN 8 HR DAY AND NOW WITH COMPUTER TECHNOLOGY, IT IS DIFICULT TO FINISH  COMPLETE 12-15.

SO WHAT WOULD A FLAT TAX DO? A FLAT TAX DOES NOT PROVIDE FOR THE DOLLARS THAT EACH FAMILY NEEDS  FOR FINANCIAL SURVIVAL.  THERE ARE MANY DIFFERENT SITUATIONS WITHIN EACH INCOME GROUPING. YEARS AGO THE I R S DEVELOPED A COST OF LIVING WORK UP WHICH THEY USED TO USE IN DETERMINING A PROPER PERCENTAGE OF INCOME NEEDED FOR AN INDIVIDUALS FINANCIAL SURVIVAL AND THEN USED AN APPROPRIATE TAX PERCENTAGE ON THE REMAINDER WHICH ALSO ALLOWED FOR UNEXPECTED EXPENSES. I AM NOT A FAN OF THE I R S BUT I DID FEEL THAT THIS TYPE OF PLAN WOULD BE BENIFICIAL AS CITIZENS WOULD HAVE THEIR CHOICE OF LIFE STYLE COMENSURATE WITH THEIR STANDING IN THE COMMUNITY, EMPLOYMENT AND SOCIAL CIRCLE. A FLAT TAX WOULD NOT GIVE CITIZENS AN OPPORTUNITY TO GROW, PERSONALLY, PROFFESSIONALY OR SOCIALLY  THEREFORE DEPRIVING MANY CITIZENS OF THE AMERICAN DREAM OF LIFE, LIBERTY AND HAPPINESS.

I HAVE STATED ON SEVERAL OCCASIONS THAT CONGRESSMAN MICHELE BACHMAN HAS MORE KNOWLEDGE AND UNDERSTANDING OF THE TAX SITUATION THAN ALL THE OTHER CANDIDATES COMBINED AND THE DEBATE PERFORMANCE OF ALL THE CANDIDATES KEEPS PROVFING MY POINT. TO MUCH RELIANCE IS GIVEN TO ECONOMISTS AND EXPERTS WHO HAVE NEVER DEALT WITH THE GENERAL PUBLIC LOW AND MIDDLE INCOME PEOPLE OR THE REALY SMALL BUSINESS PERSON, THE LOCAL CARPENTER, MASON ELECTRICIAN, CHILD CARE PROVIDER GAS STATION OPERATOR, BARBER, BEAUTICIAN  AND THEY CAN NOT BE EXPECTED TO BE ABLE TO UNDERSTAND THE PROBLEMS OF THE COMMON WORKING PERSON

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Comments

  • Scoltt

    Michele Bachmans plan calls for a flattrning of the tax brackets, she favors 3 brackets, although she is not specdific, if the 3 income brackets were 0-35000, 35000-125000 and over 125000. the exemptions and standard deduction would eliminate most people w under 6000 which would put it about right for the less fortunate. my gross is about 30000 and the standard and exemption amounts , I have a tax of about 125 and if my SS income would be excluded I would have no tax.the federqal income stats state have the poverty line at about 31000. 

     

    Bill

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