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 5 years ago
For those who want the rich to pay more...what are your thoughts on this photo?
by Mark Lecuona 6 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 JaxsonRaine 5 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 4 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 Holle Abee 7 years ago
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...
by Alex J. Reissig 5 years ago
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.
Copyright © 2018 HubPages Inc. and respective owners. Other product and company names shown may be trademarks of their respective owners. HubPages® is a registered Service Mark of HubPages, Inc. HubPages and Hubbers (authors) may earn revenue on this page based on affiliate relationships and advertisements with partners including Amazon, Google, and others.
|HubPages Device ID||This is used to identify particular browsers or devices when the access the service, and is used for security reasons.|
|Login||This is necessary to sign in to the HubPages Service.|
|HubPages Traffic Pixel||This is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.|
|Remarketing Pixels||We may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.|
|Conversion Tracking Pixels||We may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.|