Eliminating all federal withholdings from the paycheck puts more money in the bank each payday. Less money going to the government out of my paycheck means increased money for me.
It is then up to me to decide how to spend it.
Under the current system I must control my spending because I DON'T control the taxes. Under this proposal I still control my spending but by doing so I DO control the taxes.
>> Eliminating all federal withholdings from the paycheck puts more money in the bank each payday. Less money going to the government out of my paycheck means increased money for me.
It is then up to me to decide how to spend it.
Under the current system I must control my spending because I DON'T control the taxes. Under this proposal I still control my spending but by doing so I DO control the taxes.<<
Precicely why I like the concept!
It aint gonna happen though - unless it morphs into something just as unfair as the one we have.
I would be all for a flat income tax. And by flat, I mean FLAT! Rich or poor, it doesn't matter.
And the only way I would support a federal sales tax is if the government was no longer concerned with how much money I earn - which will never happen.
Under the current system I must control my spending because I DON'T control the taxes. Under this proposal I still control my spending but by doing so I DO control the taxes.