yep....it doesn't excite me much
but i can see how it would appeal to employees on salary getting soaked.....especially singles w/o children
i can make around 35-40k per year before even being liable for income tax because of my children
folks will say that is horrible but
let them see my property and f/e bills or my 15% FICA
i can remember when folks thought a 9-11% national sales tax would suffice 25 years ago..
regards!
Dear wardaddy,
"i can remember when folks thought a 9-11% national sales tax would suffice 25 years ago.. "
I remember that, too.
Your post indirectly points at the real problem. It isn't the income tax. It isn't really even the income tax code.
It's that the federal government controls 20% of the GDP.
We can fiddle with the tax code all day long. We can chuck it out, if we want. We can have a national sales tax.
But the government wants 20% of GDP, and that means we all gotta give until it hurts. And because that means that no matter the type of tax, the rate must be high, folks will maneuver to reduce their burden, legally, and illegally.
Anybody who doesn't think the special interests won't be lining up for exemptions is naive.
Anybody who doesn't think there will be massive avoidance is naive.
And anybody who doesn't think that the government will have to spend large sums of money enforcing compliance, and that business will have to spend large sums of money complying, is very, very naive.
Cut the size of the honey pot, and the number of flies (and worse critters) flying around for their fair share of the honey will decline naturally.
sitetest