Financial Shakeup this weekend

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Financial Shakeup this weekend

emayer Offline

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#289

04-15-2008, 08:00 AM (This post was last modified: 04-15-2008, 08:06 AM by emayer.)

I'll see if I can source this infomation, it was provided to me in an email from an employee. Looking at the numbers and from what I have read elsewhere the projections seem to primarily follow the repeal/ expiration of the Bush tax cuts.

I like the concept of a flat tax as it is the most straightforward and equitable thing to do. I'm guessing it hasn't gained traction because if we calculated the total percentage contributed from all the various taxes combined we would be shocked at how much the overall income tax would have to be in order to offset this. I wonder if anyone has ever taken the time to compute a yearly tax burden based on an average salary/ lifestyle?

Eric Mayer

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