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The Water Cooler
General Discussion
Ron Paul Is Secretly Taking Over The GOP And It's Driving People Insane
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<blockquote data-quote="Clay" data-source="post: 1788396"><p>Well the simple truth really is, if a flat tax of 25% were our current system, every dollar you earned would eventually get taxed. I never saw someone earn a dollar that never got spent. At some point at least.</p><p>If I make $80k and I choose to live like a miser and bank 60k while only spending 20k to live on because I buy my cloths at garage sales and I rent a garage apt. for 200$ a month. I will only pay taxes on the 20k for now. When I die with a huge account that goes to my chosen beneficiaries, they may spend the entire lot on BS...thus paying the 25% tax I chose not to pay. </p><p>My point is, it still gets paid eventually but the consumer has the control over when.</p></blockquote><p></p>
[QUOTE="Clay, post: 1788396"] Well the simple truth really is, if a flat tax of 25% were our current system, every dollar you earned would eventually get taxed. I never saw someone earn a dollar that never got spent. At some point at least. If I make $80k and I choose to live like a miser and bank 60k while only spending 20k to live on because I buy my cloths at garage sales and I rent a garage apt. for 200$ a month. I will only pay taxes on the 20k for now. When I die with a huge account that goes to my chosen beneficiaries, they may spend the entire lot on BS...thus paying the 25% tax I chose not to pay. My point is, it still gets paid eventually but the consumer has the control over when. [/QUOTE]
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Ron Paul Is Secretly Taking Over The GOP And It's Driving People Insane
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