My 17 yr old son even gets it.

[Tobe]

Last week my seventeen year old son came home from high school telling me that Barack Obama's tax plan was much more fair to the tax payers than John McCain's, so I sat down with my son and gave him a simple rundown of how democrats and republicans differ in the way they see fair taxation and he could make his own mind up from there.

I used his high school as an example of the United States with his principal serving the role of president.

I told him the students will be taxed according to their monthly earned income whether they receive an allowance, perform odd jobs for neighbors and friends, worked after school and weekends or simply receive no money at all.

The students were grouped into their proper tax brackets.

The following example is what taxation would be like under a democrat principle.


Group #1 Students who work after school and weekends that made $500.00 or more per month will be taxed @ 44.30%, they get to keep $278.50 of their $500.00 earned
.

Group #2 Students who perform odd jobs for neighbors or friends that made no more than $250.00 per month will be taxed @ 29%, they get to keep $177.50 of their $250.00 earned.

Group #3 Students who do not work but get an allowance that made no more than $80.00 per month will be taxed @ 16%, they get to keep $67.20 of their $80.00 earned.

Group #4 Students who do not work after school or weekends and do not perform odd jobs or students that come from homes that do not work and cannot afford an allowance will pay zero taxes, the group of students that “kick itâ€

[Greg_Cornish]

Yes it's amazing how easy it is to twist a young mans mind.

[Rod Martin]

I like it I'mm gonna print that out for my grand kids

[Marty]

Like father – like son – good job Tobe!

[Tobe]

Yes it's amazing how easy it is to twist a young mans mind.

You certainly are right Greg, it's a shame what teachers in our public school systems are pumping into our kids minds today.

He knows the truth now.

[smittyfish]

I have never seen the 20% flat tax rate yet. You would think that it would have happened over the last 8 years with king George.

I wouls support a flat tax rate with no writeoffs or loopholes. If it were a true flat tax it would only have to be around 13%. Of course that died with H. Ross Perrot.

[Marty]

I have never seen the 20% flat tax rate yet. You would think that it would have happened over the last 8 years with king George.

I wouls support a flat tax rate with no writeoffs or loopholes. If it were a true flat tax it would only have to be around 13%. Of course that died with H. Ross Perrot.

How could a flat tax happen under President Bush, he was not a Conservative, no matter how hard you Liberal say he was. Who you wanted in office was Forbes which by the way I voted for – too bad he did not make it and if he did you would call him King Forbes.

[Tobe]

I wouls support a flat tax rate with no writeoffs or loopholes. If it were a true flat tax it would only have to be around 13%. .

No write-offs smitty, that would not work in the real world.
The only true flat tax without "loopholes and write-offs" would be a national sales tax.

A national sales tax will even tax drug dealers and illegal aliens, there would be no such thing as working under the table under this tax plan.

I cannot see how anyone would think this tax would not be fair.

[Greg_Cornish]

Jerry Brown proposed the flat taxwhen he ran for POTUS the last time. He said a tax form should be as big as a post card. He was attacked by both parties.

[Tobe]

Jerry Browns flat tax proposal was a flat 13% gross income tax with very few deductions. It would have been a disaster waiting to happen.

[Rod Martin]

Now I could love a national sales tax.

[FishaHallic]

I wouls support a flat tax rate with no writeoffs or loopholes. If it were a true flat tax it would only have to be around 13%. .

No write-offs smitty, that would not work in the real world.
The only true flat tax without "loopholes and write-offs" would be a national sales tax.

A national sales tax will even tax drug dealers and illegal aliens, there would be no such thing as working under the table under this tax plan.

I cannot see how anyone would think this tax would not be fair.

I like it, but I am sure it will never happen.

[Peter Lloyd]

First, I understand your scenario, but it is misleading. You are not calculating taxes due correctly. The people in the highest tax bracket would not pay 44.3% on their entire income, just the amount over $250 in your example. Your example is as uninformed as the information your son is getting from his teachers.

Anyway, you will never see a flat tax or a national sales tax. It is not about being fair. Flat tax and a national sales tax do nothing to encourage investing, donating to charities, spending money on education etc.

[Rod Martin]

yor right being taxed only on what you spend, would never cause a person to save.

[Greg_Cornish]

[quote="Tobe"]........He then asked what happened to the kids from families that could not afford an allowance, I in turn asked, what made him think that some of the kids that worked after school and weekends did not come from those families, with a smile he said “I get it dadâ€

[Tobe]

Peter, you are right.
My tax math was wrong, but the principles behind it are correct.