Jarhead
Gold Member
- Jan 11, 2010
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Everyone is treated the same under a progressive system. We both get taxed the same on our 10,000th dollar earned, we get taxed the same amount of our 100,000 dollar earned and we get taxed the same on our 1,000,000 dollar earned. Seems equal to me.
Actually, that's not true. The tax code is full of deliberate carve outs and byzantine rules which lead to unintended results. We do not get taxed the same based on income. Even the rules of what constitutes income are complicated.
Our current tax code is the product of some social engineering, some legitimate means to fund the government, and a whole bunch of corruption in the process.
True. Our system is not as simple and ideal as I may have made it sound. There are plenty of loopholes, breaks and ways around the system that make it unfair. We need to clean up those loopholes and correct the system so the richest in our country can't continue to get richer and richer while the middle class get poorer and poorer.
Tax shelters are a thing of the past.
Tax deductions for children help everyone
Write off of mortgage interest help the less wealthy afford homes....and are invariably offset by the real estate taxes they have to pay
Tax deferred investments are income that are ultimately taxed.
I am curious what loopholes exist that you are referring to.