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Thread: Tax Reform
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Old 05-04-2017, 09:49 PM   #36
AndyC
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Join Date: Dec 2011
Posts: 4,274
Quote:
Originally Posted by _______ View Post
Federal income tax paid/AGI, I don't think there are.

I'll have to back off my "no one". I don't know that. It's probable that across the entire tax paying population, there are some. But they are very few.

To be fair, I was responding to someone claiming a 25% flat tax would save most American's money.

I know wrong doesn't have actual degrees but if it did "no one pays 35%" is still closer to the truth than "a 25% flat tax saves everyone money".
Your statement wasn't FedTax/AGI. It was total income tax/AGI. A person can absolutely pay a FedTax/AGI of 35%+.

To be fair with the flat tax, most proposals I have seen have a hefty exemption amount so that a single person making $40,000 may not pay a nickel due to the exemption.
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