Mr. H.
Diamond Member
I disagree with the OP. A tax break is a subsidy in that it does not treat all taxpayers equally. By providing a tax break to one taxpayer, a burden is shifted to another.
The fairest thing to do is a flat tax on all tax payers - same rate for everyone.
Period.
Agree 100% on the flat tax.
And in regards to tax breaks being unfair? I don't know if I'd say that.. It's already unfair that higher earners have a progressively higher percentage.
I understand the reason behind a flat tax..but again we are still taxing work and subsidizing non product behavior.
It is no wonder only 57% of the public work and earn a pay check.
We need to get rid of the income tax and all other taxes that are taken out of people's pay checks and institute a consumption tax. One rate across the board, no exemptions, no filing, and no evading.
The Fair Tax (HR 25)
Let's say you construct an apartment building and spend $1 million. You expect a person to declare that $1 million invested as taxable income?