NPR reports on what the IRS could learn from Mormons

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    March 16, 2012 2:12 p.m.

    Uh, Jim, have you ever looked at the tax brackets?

  • Social Mod Fiscal Con West Jordan, UT
    March 8, 2012 5:27 p.m.

    @atl134 - actually, I can see a flat tax working really well. To fix the issues you mentioned, just give everyone a tax deduction equal to the current poverty rate (or some factor of), then don't allow any deductions of any kind. Corporations would have to be taxed on their net profits, which would encourage them to invest more of their money (better for the economy).
    This would produce a fair taxation, more income for the governemnt, reduced cost (basicly get rid of the IRS), and still cut low-income people some slack.
    Then only segment it would be unfair to are those of retirement age who invested for years in a pre-tax vehicle. They would be taxed again on the investment when they pull it out. We would need to find a solution for this group. Perhaps allow a tax deduction on income coming from a pre-taxed investment.

  • atl134 Salt Lake City, UT
    March 7, 2012 9:35 a.m.

    @the truth

    "You simply pay 10% of whats an increase to YOU."

    Conservatives say the estate tax is a tax on gift money that has already been taxed so it would be double taxation, by that logic it would apply to this too. As for a flat tax, that would only increase the already increasingly concentrated wealth at the top. Also it'd raise taxes on those who can least afford it or make the gov't take in less revenue than it curntly does which means higher eficits. Basically nothing about the flat tax is all.

  • the truth Holladay, UT
    March 6, 2012 6:33 p.m.

    RE: atl134

    No such thing.

    You simply pay 10% of whats an increase to YOU.

    What you do with the rest is irrelevant.

    Clearly a flat tax would be the the very best system. a system whre everyone contributes and at the same rate.

    it is unfortunate that greed and envy and entitlementism and hate has blinded the progressive left to this simple truth.

  • Jim Mesa, Az
    March 6, 2012 4:57 p.m.

    An interesting proposition, a flat tax of 10% on all, irrespective of income, that would mean that the rich would have to pay taxes too!!!! No I don't believe it, the rich paying 10% like everyone else. Yep lets go for 10% flat tax, then everyone is equal.

  • LValfre CHICAGO, IL
    March 6, 2012 12:30 p.m.

    IRS already knows how to hide its finances and avoid audits.

  • atl134 Salt Lake City, UT
    March 6, 2012 11:40 a.m.

    ["That was a resounding yes among Mormons. Gifts of cash are definitely considered income," Smith reported.]

    I did not know that. Incidentally this is double taxation... er uh... double tithing.