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S. 820, The Simplified, Manageable, And Responsible Tax Act (6 comments ↓)

  • This item is from the 112th Congress (2011-2012) and is no longer current. Comments, voting, and wiki editing have been disabled, and the cost/savings estimate has been frozen.
  • This bill, or a similar bill, was reintroduced in the current Congress as S. 173, The Simplified, Manageable, And Responsible Tax Act.

S. 820 would repeal the current Internal Revenue Code and replace it with a flat tax, thereby guaranteeing economic growth and greater fairness for all Americans.

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    Saves: $795.20 per
    and decreases their $162,301.27 share of the national debt by $795.20.
    (source info)

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Mr. G

September 29, 2011, 5:31pm (report abuse)

Currently 49% of all Americans pay no Federal taxes and not all of these people are poor. Eliminate the current Federal tax law with all its loopholes, and install a flat tax for everyone, with no writeoffs or loopholes. Then company's like GE, who made Billions in profits and paid zero in tax's, would now pay their share.

VOTE NO!

July 7, 2012, 2:42am (report abuse)

This chould be called "The Unfair Tax Bill."

The only people who will benefit from this are the fat-cat rich guys.

This bill would create an unfair burden on lower income families.

Tell your senators to VOTE NO!

Babbie

July 7, 2012, 9:15pm (report abuse)

The Flat Tax is based on REPORTED income, exactly like the tax we have now and does NOT abolish the IRS. The FairTax is based on CONSUMPTION and includes EVERYBODY who purchases new goods. Hence, it expands the base of the contributors, puts money in the pockets of more people and is FAIR. This tax plan was fashioned after a 21 million dollar study, and has co-sponsors in the House (HR-25) and in the Senate (S-13). It would provide more revenue to the federal government with no loopholes, would allow people to take home their entire paycheck, would encourage investment and savings, would jump start small businesses and would abolish a convoluted tax code. The percentage paid would be the same for everybody; i.e., the more you buy. the more you pay and the less you buy, the less you pay.

Tea2Dump

July 9, 2012, 5:07pm (report abuse)

S. 820 still punishes productivity (taxes income) and those honest enough to accurately report their earnings. Won't touch drug dealers, prostitutes, thieves, "cash only" contractors, etc., like a consumption-based tax (Fair Tax) will do.

There's $100s of billions in uncollected income taxes annually because of this underground economy. That won't change under this proposal . . . but EVERYone buys stuff with the money they have (regardless of how they come into possession of it). TAX SPENDING, NOT INCOME!!!

@ Vote No!

July 10, 2012, 6:47pm (report abuse)

For once we agree. Everyone should vote against this flat income tax. Taxing income in any form is wrong. But just so you know, this bill has nothing to do with the greatest idea in taxation ever, The FairTax. If you're going to conduct a war of ignorance against that legislation and overweight felines that have more money than you, then at least point it in the right direction.

ChuckB

January 3, 2013, 5:29pm (report abuse)

The flat income tax retains all the susceptibility to lobbying, corruption, evasion, vote buying and behavior manipulation inherent in the destructive income tax.  Further, the 16th Amendment must remain in place to have the flat income tax.  

The FairTax removes these aberrations with a single point collection of taxes only on new products and services at the retail level.  The IRS is abolished within three years of enactment, the 16th Amendment is repealed with associated legislation and EVERYONE is un-taxed up to the poverty level.  Reducing corporate taxes to zero by eliminating the income tax makes the U.S. THE tax haven of the world.  Repatriation of American dollars brings manufacturing back to the U.S., along with tens of millions of jobs and substantial economic growth.   

Vote NO on S 820 and YES on the FairTax, HR 25/S 13!

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