Quote:
Originally Posted by simmonjam1
Not trying to butt heads with anyone but why do a lot of you think a flat income tax is unfair? Someone posted an example of 10% of $40,000 and 10% of $200,000 as not being right. One pays $4,000 in income tax the other $20,000. By my logic that seems fair.
I would be in favour of a 10% HST.
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Flip it over.
90% of 200,000 is 180,000. 90% of 40,000 is 36,000.
I know it might seem like a pointless exercise but maybe now you can you see how taking 10% of someones salary when they're making 40,000 hurts them much more than taking 10% of somoeones salary that makes 200,000.
Now, if you make it 20% for the person making $200,000 and keep it at 10% for the person making $40,000, then the person making $200K still has $160000 and still living a great life, where as the person making $40K still has $36000 to get by. That's the idea.