Yes. When the big guys, including corporations, can't use loopholes to get out of paying their share, a much lower percentage would be necessary than current.

There are corporations getting away with literally paying only $10 a year in taxes while the small businesses are taken to the cleaners with taxes because they don't have those loopholes the big guys can use. It's criminal, quite frankly, but it's happening all over the U.S.. This needs to stop, and on a national level, because when individual states have been close to having legislation stopping corporations from paying so little, those companies threatened to move to another state. A flat tax system with no loopholes could change this.

If corporations want "corporate personhood" and the ability to pretty much buy politicians, then they better be willing to pay taxes like an individual person would have to. I feel very strongly about this.

I know there are problems with a flat tax system. As long as it doesn't get into high numbers, and there are still no loopholes, I think it can work.

Now--this is all purely hypothetical because there's no way we'd change our tax system to something so simple. Besides, doing such would put a LOT of people out of work.

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Political Buddies

Well, I looked around and couldn't find any corporations paying ten bucks a year in taxes. I think if this were more evident, and actual corporations were somehow doing it, I would want that changed. I just can't see some major player like Wal-Mart paying 10 bucks a year, regardless of how many times Randi Rhodes would love everyone to believe that the "Evil Republican Bastards" let their "friends" not pay any taxes. Sorry. This machine we call our government is WAY too money hungry for that.

As far as companies threatening to move out, a flat tax would help. A flat tax would be great in the theory that there are enough corporations paying 10 dollars a year in taxes to balance out people paying 50 percent and going to 15, but I don't see evidence of such things.

Anyway, it wouldn't work, as you said, so really, that's not viable, and therefore a waste. Discussion of something you say would never happen certainly gets nothing done about public healthcare.

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Frrrrrt!

Well, there's nothing anyone can say on a forum to do anything about public healthcare.

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Political Buddies

I am curious about these corporations that pay 10 dollars a year though, that is unacceptable. Which ones are they? I'd be curious to see how those loopholes are happening.

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Frrrrrt!

When I lived in Portland it was going on, I was working for an organization that was trying to put out initiatives to stop this kind of behavior from happening.

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Political Buddies

I'd still like to know which corporations are paying 10 bucks a year. Not trying to call you out or anything, but I'd think that would be big news, especially in American media.

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Frrrrrt!

I want to know now as well.

When I lived in Portland, I was working for a company that has people sign petitions. One of them, in the main language of the literature it was stating that some companies were paying only $10 a year in taxes, and that this initiative would put a stop to that. I never learned what companies they were.

I will try to look further into it.

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Political Buddies