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To: kevao
Everyone pays the same, no loopholes, no deductions, no giveways.

Well no. For example, if you're an individual and business in an "empowerment zone" (like an inner city), you can get lower tax rates and better deductions.
51 posted on 10/12/2011 7:20:24 AM PDT by DTxAg (The Presidency is not an entry-level position.)
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To: DTxAg

LOL. The idea of “empowerment zones” has been around at least since the 1980s. Jack Kemp was a big proponent of them. He called them “enterprise zones.”

I can understand if you’re opposed on principle to giving incentives for businesses to go into depressed inner city areas to try to get some economic activity going there, hopefully get some people off welfare rolls and onto payrolls.

But I wouldn’t toss out the entire 999 plan because it isn’t perfect. Question is, would it be better than the monstrous and suffocating tax code we toiling under now? I think just about anything is.


55 posted on 10/12/2011 7:35:37 AM PDT by kevao
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