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 Peeples5 years ago
For those who want the rich to pay more...what are your thoughts on this photo?
by Mark Lecuona6 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 JaxsonRaine5 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...
by ptosis8 months ago
federal income tax rates history, During the eight years of the Eisenhower presidency, from 1953 to 1961, the top marginal rate was 91 percent. (It was 92 percent the year he came into office.)What does it mean, though?...
by Susie Lehto8 months ago
Trey Gowdy posted this article link on Facebook minutes ago. It is the beginning of the end of Obamacare and a legacy.* http://thirdestatenewsgroup.com/breakin … d-to-know/The repeal legislation will go to...
by GA Anderson12 months ago
First, a little housekeeping;Recent comments by Wilderness and Live to Learn prompted me to refer to an old thread by My Esoteric.The motivating comments related to what a "Fair" taxation structure should be.I...
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