We want the elimination of the income tax, the elimination of all Unconstitutional spending, and no more deficit spending. So the "half-way" compromise is to cut the income tax in half, reduce the Federal budget by 40%, and reduce Federal borrowing by 50%.
LOL! I like the way you think.
People look at me like I’m nuts when I tell them that the 3% the Bush tax cuts saves me isn’t enough for me to bother going to work. I’ll need a reduction of at least half, like you say. But that’s only because the dumbing-down of our education system has left the sheeple unable to calculate just how much they are paying in taxes!
I find it very frustrating to have to explain, over and over, that if my husband’s top income bracket is 25%, then everything I make is taxed at least 25% - along with 9.55% state and 7.65% SS and medicare. The gov gets 42% of what I make off the top, no questions asked. It’s criminal! Make that 21% and I’ll consider rejoining the work force.
Cutting the income tax in half will make it grow back faster.
Let me be specific. The Income tax without apportionment was made legal in 1913 after 52 years and was originally a flat tax. But the 16th Amendment was a de facto business permit for certain lobbyists to trade tax favors inside revolving doors with Treasury and Congress.
Since 1913 there have been FIVE MAJOR tax reforms of the Income tax code. Each made the income tax flatter and simpler. But each time the tax code was back to insanity within 15 to 20 years.
Since the last major reform in 1986 under President Ronald Reagan, there have been more than 18,000 amendments to the tax code and once again we are back to insanity.
The Income Tax code is a cancer. The 16th amendment is the root of the cancer.
Cutting the cancer in two will result in cancer coming back with a vengeance.
The only way to kill this cancer is to repeal the 16th amendment and pass a replacement tax code.
Cutting the income tax in half will make it grow back faster.
Let me be specific. The Income tax without apportionment was made Constitutional in 1913 after 52 years of having it shot down by courts as unconstitutional, and it was originally a flat tax. But the 16th Amendment was and is a de facto business permit for certain lobbyists to trade tax favors along revolving doors with Treasury and Congress. This activity comprises a tax gaming industry.
Since 1913 there have been FIVE MAJOR tax reforms of the Income tax code. Each made the income tax flatter and simpler. But each time the tax code was back to insanity within 15 to 20 years because of all the tax gaming.
Since the last major reform in 1986 under President Ronald Reagan, there have been more than 18,000 amendments to the tax code and once again we are back to insanity.
The Income Tax code is a cancer. The 16th amendment is the root of the cancer. The 16th Amendment always permits Congress to amend the tax code however it wants until they create tax insanity again.
Cutting the cancer in two will result in tax cancer coming back with a vengeance.
The only way to kill this cancer is to repeal the 16th amendment and pass a replacement tax code.