Quote:
Originally Posted by AndyC
Serious question. How does the flat tax work? I don't think there is even a consensus on what the flat tax is.
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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.