Is it normal to want a flat rate tax?

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  • olderdude-xx
    1 year ago | pl

    The simplicity of a Flat Tax has advantages. However, it also has disadvantages.

    I personally think we would be better of if everyone payed taxes on income they earned. Note that not all cash flow is income.

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    • LloydAsher
      1 year ago | pl

      Does the income they earned include being paid with stocks and shares? Cause that's a loophole. Though theres not a good solution to cover that loophole.

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      • olderdude-xx
        1 year ago | pl

        I consider stocks and shares as a form of income.

        Legal settlements, Insurance settlements, and a few other things are sources of incoming cash flow that are currently not taxed; which I agree with.

        If someone is running a business then they get taxed on "net income" after expenses - and not gross income.

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