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Originally Posted by stevo
I don't necessarily disagree with you on a flat tax. But if your dad, who makes $5mm a year, pays half of that in taxes, how can you or he say he is not paying his fair share? 50% is a hell of a lot more than the 20% you proposed.
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He pays it but he does get quite a bit back, once he writes off interest, depreciations on businesses, losses on stocks, charitable contributions.... etc. By the end of the day he probably gets a majority of it back in refunds.
I was talking from his gross pay check. Plus that 50% included state, local, property taxes.
Let me just say last year he bought a Range Rover and took 1 of his Carribean trips on just his refund monies.
So you tell me.