What would be the benefit of a flat tax rate, disadvantages?
214766
pro - simplify the tax process\n\ncon - poor and middle class would pay higher taxes\n\nfor the people who think a flat tax would not hurt poor people, \nif aprox. 17% of income is collected as tax revenue and rich people pay over 30% of their income to irs where would the shortfall come from?
146151
Not for long - the increased taxes would quickly slow the economy down and you'd either have to keep increasing taxes (screwing the economy), or cut the tax (defeating the purpose).
349320
Pros\nTenants that pay off your mortgage\nDepreciation write-offable on your taxes (often leaving you with no taxable cash flow)\nCASH FLOW!!!\nThe buying price is based more on the operations of the property than what the market dictates (as in single family)\nThe building itself will often secure the mortgage with its positive cash flow.\nThe amount that is added in equity to your property every year is substantial with a property as big as 16-units.\nMore ways to add value and cash flow to the property than with a single family unit\n\nCons\nTenants (if you choose not to use a property manager)\nMaintenance (but that is the same as any property and you appear to be versed in that)\nThe selling price is based more on opertaions than what the market dictates (as with single family)\n\nGood luck
85799
There is little dispute that high taxes harm economic growth.  But your question is much more involved.  It is almost impossible to answer, because we do not know the situation of your hypothetical person, or where the taxes are being drawn from.  Generally, if you are one of the least productive members of society, for whatever reason, higher taxes appear to be good, because they usually result in corresponding government programs that provide you with resources that are usually free.  However, the most productive members of society end up footing the bill for this, and they have less money to invest, which results in less jobs in the long run, which means that the least productive members of society will not be able to find jobs, etc.  \n\nSimply put, in the long run, high taxes are bad for individuals as well as the country.
49298
no tax is fair.\nhttp://www.philipdru.com/griffin_stream.html
58533
Too many people confuse the tax deductability of mortgage interest with being a huge benefit that one should keep.\n\nYou are always, always, **always** better off not to pay the interest in the first place, whether it is tax deductable or not.\n\nMany people also ignore the fact that if you don't itemize, you still get the standard deduction even if you don't have a mortgage. This new standardized deduction will replace your itemized deduction making the loss of the deduction that much less noticable.\n\nSo do it, and congratulations!
406986
The benefit, as you see, is property ownership rights, apparently.  Singapore is a safe, corruption free country.  You could do worse.
202859
No penalty.  The government only cares about late tax returns if you owe them money.  If they owe you money, they're very gratefull for the interest free loan.  Expect to get your refund later than everyone else who filed their returns on time (maybe an extra week).
112187
NO tax deduction for political donations.\n\nPotential "advantages" of donating:\n1) You may 'sway' the political process in the direction you favor.\n2) Your  voice 'is heard' in the political process.
299613
Cuts administrative cost of issuing payroll in half.\n\nI can't think of a drawback.\n\nWe did it for years with no issues.
291266
It is your lucky Day because this plan is already a bill in the House (HR 25) and Senate (S 25) it is called the Fair Tax!!\n\nIt was developed by the finance department at MIT.\n\nAll products and services are taxed as the same rate but this tax is included in the posted price of the product BY LAW. (the receipt will show how much tax was paid)\n\nThis will eliminate the wholes in the tax system for interest groups and give people more freedom on how to use their money.\n\nFood is taxed but every household (may be dependent on income) gets a Pre-Bait check for all the cost of the tax on the basics of living for that month.  \n\nThere are no taxes on used products so no taxes at your garage sale or on your used house.\n\nNo tax on savings, investments, income, businesses, etc.\n\nThings are only taxed once at the retail level.\n\nI am personally excited about this and I think everyone should contact their Senator and Representative and tell them to support the Fair Tax!!
97916
I say a 17% flat tax on all. It  would not wipe out the middle or lower classes. As for the government it would generate 72 billion each year more than we currently generate in income taxes. I say, forget alll other taxes. I say once a year we should get a postcard size letter saying here is your income. 17% of that is this price. We expect a check in a month for that amount. Thank you. It would save millions of hours each year and a ton of money  in funds allocated to IRS and otehr such organizations
300645
i answered a similar Q to this before\nfor me, i dont mind paying taxes\nit is sometimes annoying \nbut i believe without taxes, there will no free parks, free public events, public buildings, free health care and social care for the less fortunate, and unemployment will rise too\nso i dont mind paying taxes =)
46322
There are no advantages or disadvantages, it's just a short term weather cycle.  It's like asking what's the advantage to rain?  It you're asking, it doesn't influece global warming or any crap like that.
659173
I think that's a great idea.  Sure, it'd mean a bit more in taxes, but First Aid and CPR are worth the money, and basic living skills may even save money in the long run by helping out people who aren't well-off stay off welfare and medicaid.
654729
good luck with that....you know there is always a counter balance. Like free health care in Canada=Extremely high taxes. It would only be the same here. Less or no taxes would equal something else. I am sure there is something that is equaling out in Alaska. There has to be. Be careful what you wish for. We really do not have it that bad you know. We bitch about gas prices...but comparatively...gas prices in the states is really good compared to Europe...some places it is upwards of 7 dollars a gallon.  Just leave things as it is....it is really not that bad.
141109
1). Keep own money -- Some people do not like higher taxes because they do not want to part with their money.\n\n2). Bad appropriation -- Some people do not like higher taxes because they disagree on what their tax money pays for.\n\n3). Small government -- Some people do not like higher taxes since they believe that the government should play a minimal role in our lives, thus, it does not need all that money to operate under such a minimal role.\n\n4). Bloat -- Some people think that the tax money is wasted in government bloat, thus higher taxes would just be more bloat.