What is wrong with using Income to Tax?
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.
Related Discussions
- 41
For those who want the rich to pay more...
For those who want the rich to pay more...what are your thoughts on this photo?
- 5
Do you think an extremely high marginal tax rate (as existed before JFK) would r
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?
- 52
Simple Mathematical Proof that Obama was Wrong
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...
- 132
One percenter businessman warns: 'The pitchforks are coming"
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:...
- 185
Extending Bush tax cuts failed in the Senate:
Four Democrats and Lieberman voted with the Republicans. I have mixed feelings about this, according to the research I've done. It seems that "economy experts" are split on their views. Some argue that increasing taxes on the upper economic class will stifle jobs, while others say that...
- 55
Would you support a flat 15% income tax?
Would you support a flat 15% income tax?Would you support a flat 15% income tax in this country? Other than a personal deduction (possibly in the neighborhood of 25k per individual/50k per couple) there would be no deductions.