Jordan he's talking a flat 17% tax on income.
Only 49% of the population pays any tax.....
U.S. Corporations are taxed at 35%...one of the highest in the world. That's why they've moved their companies to Zug, Switzerland or Ireland, to a P.O. Box basically, where they are taxed between 15-20%.....zero tax dollars going to the U.S. Flat tax rate will bring those companies back here and hugely simplifies the tax codes and loop holes.
Here's the problem I have....I understand some people are poor and need help...I've got no problem with that. However...when you have generations of folks with no desire to work and get a check every month from the govt, along with free health care for their entire family, why should we have to foot the bill because you're lazy? Get off your arse and get a job!
Another huge complaint is Obama wanting to tax more on the small business' who make up a large portion of the business market....do you think taxing me more is going to stimulate the economy? No...I'm going to layoff all of my employees, move to a smaller location, let you tax me more and then pack up and move to KY....how's that working for you Mr. Taxhappy Chicago? Business' are barely holding on right now and taxing us more just continues to paralyze the economy....most of you on here that don't own a business are making a LOT more money than us that do. Taxing businesses more just makes them move to like IN where they can survive and generates less $$ for I.E. Cook County.
Ken, feel free to chime in on how well you love getting taxed to death in Cook County
I feel your pain brother!