What is wrong with using Income to Tax?
There are a number of things wrong.
1. It is unfair with the marginal tax rates. What happened to equality? Why can't we just tax everyone at the same rate. This should be a violation of the 14th amendment, but I guess that it is only used to change social issues.
2. The Internal Revenue Code is only useful to the rich. And it counteracts the higher marginal tax rate.
3. It has changed every year since it was created and that was over one hundred ago. People need stability.
4. It creates involuntary servitude in having to keep all your records for taxes.
5. It is the reason for uneq wealth.
by Peeples 12 years ago
For those who want the rich to pay more...what are your thoughts on this photo?
by JaxsonRaine 12 years ago
This is about Obama claiming that Mitt's tax plan can't possibly work, and that it would cost $5 trillion in tax cuts.The top 1% of Americans pay an effective tax rate of 24%. This is a fact, I have mentioned it many times, it comes directly from the IRS.The average AGI for someone in the top 1% is...
by rhamson 11 years ago
A one percenter from Seattle named Nick Hanauer published a piece in Politico Friday warning his "fellow zillionaires" that a revolution à la France 1789 is coming to the United States if America's wealthiest don't take drastic steps to reduce inequality. Read more:...
by Mark Lecuona 13 years ago
Do you think an extremely high marginal tax rate (as existed before JFK) would reduce the...incidence of white-collar fraud by taking away the extreme upside?
by Scott Belford 5 weeks ago
This topic has come up recently across several forums, so I though I would start on specifically for this subject.The question comes up when mainly Democrats and some Independents complain that the wealthy do not pay their fair share in taxes. The rebuttal ranges from they already do to why should...
by jtmiddleton 11 months ago
Should the government eliminate the income tax?Either it's patriotic to pay a percentage of your earnings, or it's a punishment for working.
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