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<blockquote data-quote="Fatboy Joe" data-source="post: 1965518" data-attributes="member: 13212"><p>But here is why the high income individuals don't want a flat tax and want to keep Bush era tax cuts. Lets take Romney's 2010 tax return and apply it to the scenario above. He made $21,646,507. His taxes was $3,009,766. Lets say he spent $15,000,000 on purchases, he is running for President. His total tax would have been $4,209,766. His flat tax would have been $4,500,000. Plus he would not get the benefit of his charitable giving, his tax credits, or any other deductions.</p></blockquote><p></p>
[QUOTE="Fatboy Joe, post: 1965518, member: 13212"] But here is why the high income individuals don't want a flat tax and want to keep Bush era tax cuts. Lets take Romney's 2010 tax return and apply it to the scenario above. He made $21,646,507. His taxes was $3,009,766. Lets say he spent $15,000,000 on purchases, he is running for President. His total tax would have been $4,209,766. His flat tax would have been $4,500,000. Plus he would not get the benefit of his charitable giving, his tax credits, or any other deductions. [/QUOTE]
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