saveliberty
Diamond Member
- Oct 12, 2009
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Raising taxes... I assume that means on everyone but you, right? What about the 38% who pay no income taxes? Perhaps we could get them to start contributing first then let's talk.
I also favor raising taxes. But I see and appreciate your point.
I favor one single income tax rate that everybody should pay. But the tax rate is only half the story. Let's also consider the definition of income. While eliminating the games being played with the different tax rates, at the same time let's eliminate the games currently being played with defining income. Instead of all the different categories (wages, interest, dividends, capital gains, social security, welfare, inheritance, gambling winnings and so on) lets call a spade a spade and consider income as simply money received by an individual or joint filer, minus expenses personally used to produce the money.
I can see a lot of abuse of this idea. You were fine up to that point. I would add that the tax should be no greater than 10% of GNP. If the economy shrinks, so does the government.