David Hilbert
Well-Known Member
Actually a flat tax is on income. But yes, the poor do spend all their money to live on, but food and shelter aren't taxed. ( don't tell the democrats that, because they will want to tax that too). Most are already paying sales and excise taxes on everything else.
You don't understand what investment income is. Money invested has already been taxed and is now at risk of being lost. It's sort of like taking your paycheck to Las Vegas and gambling with it. We also have another thing called the "Alternative Minimum Tax", http://en.wikipedia.org/wiki/Alternative_minimum_tax that taxes certain types of income at a higher rate.
Since your employer pays taxes, why do you not consider your income tax double taxation too?