First of all, I would propose to classify all monies coming into an individual as income. Investments, capital gains, interest, wages, compensation - anything coming IN will be classified as income. All incoming monies are income, all income is treated the same. That income would be taxed at a flat percentage, and that percentage would be the same for everybody. If Ted Kennedy pays the same percentage of income that I do, he still pays a lot more, whether he spends more than I do or not. If someone who makes less than I do has to pay the same percentage, they pay less, more fitting to their abilities. <
This makes far more sense to me. How about you?
Flat tax is OK but still requires a larger bureacracy to monitor than fair tax. The tax code as written benefits the most wealthy and the IRS. The middle class and the poor are kicked in the teeth.
Good idea. I like it, but I think that Marx phrased it a little better. He said: "From each according to his abilities to each according to his needs."
Doesn't that work a little better for you?
MY GOD, doll. Why do you want to cling to a failed system?
Why do you want the IRS to maintain a presence in our lives?
Why do you believe that the government has a right to know how much you earn?