{"id":567,"date":"2011-05-09T04:57:11","date_gmt":"2011-05-09T08:57:11","guid":{"rendered":"http:\/\/streamingradioguide.com\/startingover\/?p=567"},"modified":"2011-05-09T04:57:11","modified_gmt":"2011-05-09T08:57:11","slug":"the-simple-flatfair-tax","status":"publish","type":"post","link":"https:\/\/streamingradioguide.com\/startingover\/?p=567","title":{"rendered":"The &#8220;simple&#8221; Flat\/Fair tax"},"content":{"rendered":"<p>So let&#8217;s assume it is 2015 and the Neal Boortz Fair Tax is the law of the land.\u00a0\u00a0 To keep the math simple, let&#8217;s assume the flat tax rate is 20%.<\/p>\n<p>Here is your assignment if you think you understand Neil&#8217;s plan.\u00a0\u00a0 Your task is to identify who collects the flat tax, who pays the flat tax and how much they pay.<\/p>\n<p>Meet Dr Smith, a proctologist<\/p>\n<ul>\n<li>Dr Smith bills third party providers (insurance, Medicare, Medicaid) a total of $2 million dollars<\/li>\n<li>Those parties pay him $750,000 for his services<\/li>\n<li>Non-insured patients who aren&#8217;t deadbeats and deductibles are another $50,000 in income<\/li>\n<li>He writes off $100,000 for bills from people he can&#8217;t collect (charity cases)<\/li>\n<li>He pays $100,000 for his malpractice insurance<\/li>\n<li>He pays $25,000 towards his student loans from medical school\u00a0 ($10k interest, $15k paying down the loan)<\/li>\n<li>He pays $40,000 for rent to acme realty for his office(s)<\/li>\n<li>He pays his receptionist, nurses and assistants $200,000 including their benefits<\/li>\n<li>He pays $10k for leases on his xray machine and other equipment<\/li>\n<li>He buys $10k worth of medical supplies &#8211; xray film, tongue depressors, bandages, rubber gloves<\/li>\n<li>He puts $50k into his SEP\/IRA pension plan.<\/li>\n<li>He pays $10k a year to lease a Chevy Volt to use for making house calls<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>So let&#8217;s assume it is 2015 and the Neal Boortz Fair Tax is the law of the land.\u00a0\u00a0 To keep the math simple, let&#8217;s assume the flat tax rate is 20%. Here is your assignment if you think you understand &hellip; <a href=\"https:\/\/streamingradioguide.com\/startingover\/?p=567\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15,6],"tags":[],"class_list":["post-567","post","type-post","status-publish","format-standard","hentry","category-american-politics","category-libtertarian-politics"],"_links":{"self":[{"href":"https:\/\/streamingradioguide.com\/startingover\/index.php?rest_route=\/wp\/v2\/posts\/567","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/streamingradioguide.com\/startingover\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/streamingradioguide.com\/startingover\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/streamingradioguide.com\/startingover\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/streamingradioguide.com\/startingover\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=567"}],"version-history":[{"count":1,"href":"https:\/\/streamingradioguide.com\/startingover\/index.php?rest_route=\/wp\/v2\/posts\/567\/revisions"}],"predecessor-version":[{"id":568,"href":"https:\/\/streamingradioguide.com\/startingover\/index.php?rest_route=\/wp\/v2\/posts\/567\/revisions\/568"}],"wp:attachment":[{"href":"https:\/\/streamingradioguide.com\/startingover\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=567"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/streamingradioguide.com\/startingover\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=567"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/streamingradioguide.com\/startingover\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=567"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}