to begin with, people who save and accumulate wealth would not being taxes on all their income. Encouraging people to save, while prudent, does not create economic growth
people at the other end of the spectrum would start paying a higher % of the overall tax burden as the money spent on basic necessities won't have the same deviation as the tax on income does
and people who already paid taxes on their income would be taxed again on that same income when they spend it, while people who already spent their income won't suffer the same consequences
I'm not going to defend the current tax code, it's a crock of shit being stirred and stirred and stirred again by incompetent politicians, but a simplified and fair income tax system would be the most prudent way for the government to raise moneys.
Now, if we ever stop growing the size of government at much quicker rates than population growth and economic growth, we wouldn't have to continuously look for new and more and never ending tax increases.
PS: no matter what tax code changes are made, somebody will come around and make more changes after the election cycle. It's what they do, it justifies their existence
people at the other end of the spectrum would start paying a higher % of the overall tax burden as the money spent on basic necessities won't have the same deviation as the tax on income does
and people who already paid taxes on their income would be taxed again on that same income when they spend it, while people who already spent their income won't suffer the same consequences
I'm not going to defend the current tax code, it's a crock of shit being stirred and stirred and stirred again by incompetent politicians, but a simplified and fair income tax system would be the most prudent way for the government to raise moneys.
Now, if we ever stop growing the size of government at much quicker rates than population growth and economic growth, we wouldn't have to continuously look for new and more and never ending tax increases.
PS: no matter what tax code changes are made, somebody will come around and make more changes after the election cycle. It's what they do, it justifies their existence
In Greece there was never a school tax & property owners only paid a property tax only once, when they first purchased the house.
Now we see the problems their govt has from corruption & people are beingbtaxedvon their properties every year like we are here in the USA.......
As for our taxes here in the states, yes they are out of hand & increase all the time......I have a customer that's a house painter & always complains how the federal govt is screwing the public by taxing them illegally & he actually makes a good point.
Now we see the problems their govt has from corruption & people are beingbtaxedvon their properties every year like we are here in the USA.......
As for our taxes here in the states, yes they are out of hand & increase all the time......I have a customer that's a house painter & always complains how the federal govt is screwing the public by taxing them illegally & he actually makes a good point.
I agree with pretty much everyone when I say the tax code is too complicated.
but all the rich people out there are so f'n smart I couldn't think of a way to simplify it where they won't take advantage and rape the gov't more than they do already.
for that reason I guess i'm okay the way it is.
but all the rich people out there are so f'n smart I couldn't think of a way to simplify it where they won't take advantage and rape the gov't more than they do already.
for that reason I guess i'm okay the way it is.
what does the federal government do efficiently?
NOTHING!!!!! but they expect the rest of us to live with in our means, which I agree with, but they
dam sure don't.............
I concur, they do nothing efficiently
Sales taxes discourage spending which you don't want to do unless people are spending too much, which we are not. Income taxes mathematically effect inflation. All a balancing act. You might think 0% income taxes would be better for the country, but it would not change the basic mathematics of how the economy works. No easy solutions.
