I like your thought process, but your interpretation would seriously impact tax policy and tax law.
>I like your thought process, but your interpretation would seriously impact tax policy and tax law.
Tax policy and law NEED to be impacted. The “progressive income tax” is, quite frankly, horrendous. A flat-rate, across the board, no-exemptions income tax would be both infinitely easier to file, but infinitely easier to prosecute for misfiling. The whole of the IRS could be dissolved into a tax-fraud division of the FBI.
I don't think so. The key word here is "involuntary." No one makes us work as hard as we do to pay the tax rate we do--or even any taxes at all.
This bill--if I understand the premise correctly--would bill us regardless of our will to work and earn money.