McCain Moving to Flat Tax Model?

iVillage Member
Registered: 04-09-2007
McCain Moving to Flat Tax Model?
49
Thu, 10-23-2008 - 12:27pm

This morning's "Morning Edition" featured an interview with Steve Forbes.

iVillage Member
Registered: 08-25-2008
Thu, 10-23-2008 - 10:25pm

No mom, I'd argue that Krugman is splitting hairs... There's a world of difference between tax exempt and tax deferred.


iVillage Member
Registered: 08-25-2008
Thu, 10-23-2008 - 10:30pm

Under the strictest definition, all a "Flat Tax" means is that there is one tax rate.

iVillage Member
Registered: 09-08-2006
Fri, 10-24-2008 - 9:22am

Either way you want to argue it, what Krugman stated was understood.

 

iVillage Member
Registered: 09-08-2006
Fri, 10-24-2008 - 9:54am

Forbes describes

 

iVillage Member
Registered: 08-25-2008
Fri, 10-24-2008 - 9:59am

mom... you do realize that you will still pay ordinary income tax on your 401(k) money don't you?


The tax liability is deferred, not avoided.

iVillage Member
Registered: 09-08-2006
Fri, 10-24-2008 - 10:15am

 

iVillage Member
Registered: 08-25-2008
Fri, 10-24-2008 - 11:30am

Sure, sure and government doesn't spend the most in the entire world on military expenditures.

iVillage Member
Registered: 05-05-2008
Fri, 10-24-2008 - 11:49am
ITA. I don't have a lot of faith in Keynsian economists these days.

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iVillage Member
Registered: 09-08-2006
Fri, 10-24-2008 - 1:03pm

Funny you mention Washington because they are one of the top 10 most regressive tax states. The state I used to reside in (which suffered greatly

 

iVillage Member
Registered: 08-25-2008
Fri, 10-24-2008 - 3:50pm

First, I'm not sure why I should care what the position of a liberal think tank is...


But, putting that aside, note that:


1.