Chuck Gould wrote:
On Jan 25, 4:52�am, hk wrote:
If you're going to get one of those spiffy economy boosting checks from
the feds, what will you do with the proceeds?

(a) �pay off consumer debt (the smart thing to do)

(b) �buy food

(c) �buy gasoline

(d) �buy some more goods made in China

(e) �have a fun evening with wine, women and song

Have you seen the details of the HR plan?

Above $176,000 family income you get nada.

I doubt you'll have to worry about how to spend your check.

But no big deal, folks lucky enough to be in the upper middle class
don't really need a government handout.

I continue to favor a flat tax on all income, including inheritance
and capital gains. Hopefully, the rate would be in the high teens or
no higher than the low 20's. Loopholes would all but disappear.
Regulations would have to be carefully crafted to realistically define
"profit" without all the nonsense that prevails today. To help take
care of the poor, families earning less than $60,000 per year
or thereabouts would be exempt from federal income tax entirely.

That would put more money into the economy on a permanent basis.

I'll go with a 15% flat tax on income, Fed, State and Local can split it
up anyway they want. All other taxes will go away.