The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies

URL:  http://boards.fool.com/my-mirror-tells-me-all-of-them-in-exchange-for-30411164.aspx

Subject:  Re: Investment Income Surtax Date:  12/3/2012  11:51 AM
Author:  vkg Number:  117052 of 121114

My mirror tells me: all of them, in exchange for a flat 10% tax rate that everybody pays.

10% would not be sufficient. The estimates I seen are closer 30-35% would be required.

Half of the country doesn't pay income tax. More than half receiving payments from the government if you consider government pensions, Social Security, food stamps, welfare, etc.
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us