I will try to put it simpler for you.
Posted By: Chele on 2008-10-28
In Reply to: So, does this mean - you can't interpret it either? nm
We have put a lot of faith in our government because our economy was booming. Now our economy is not doing so well. We put our faith in the government and it let us down. Obama wants bigger government. Why would we want bigger government when government has failed us. The bigger government is, the more power we give it to control out lives. Obama wants to take away a person's right to have a gun. You take away our guns and we won't have anything to defend ourselves with. In the past dictators have taken away weapons from people so we have nothing to fight back with. Here Obama wants to take away our guns. You do the math.
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Yes, it would be simpler as it would be a very very short list!
nm
Yes - and payroll would be cheaper, simpler too.
Companies incur unbelievable costs trying to handle withholdings properly. Now, imagine that you've got just two numbers to deal with - 10% or 25%. The savings would be very significant.
I'm surprised by the 10% rate, however. I had always heard from proponents of the flat tax that it would have to be more like 17-20% to keep the government running (even before the government became even more bloated). Of course, they were talking about the same rate for everyone, not a two-tiered system like this, so perhaps the 25% bracket makes up the difference.
Wouldn't it be simpler if they listed truths? LOL
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