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Thread: Tax Reform
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Old 04-29-2017, 12:25 PM   #26
Lemon Drop Husker
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Join Date: May 2014
Location: Lincoln, NE
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Quote:
Originally Posted by AndyC View Post
Serious question. How does the flat tax work? I don't think there is even a consensus on what the flat tax is.
More serious question, how does the current tax system work?

Do you even know what tax bracket you are in, or do you just accept what is as what is?

A "flat" tax is just that. You make X amount of money, you'll be taxed at X rate. Nothing more, nothing less. For the vast majority of Americans that have a job, family, etc. that means 25%. I guarantee that is 10% less than you paid last year.
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