Quote:
Originally Posted by Rochard
Now that I am thinking about it.... I honestly believe we need to go to some kind of a flat tax. This would eliminate deductions entirely.
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I was a "flat tax" guy back in the 1990's. But now that I'm older...I think a national sales tax (excluding food) would be the real way to go.
Why should anybody ever be taxed on how much money they make? It's ridiculous when you really think about it.
But a national sales tax would make more sense.
The more money you make...the more expensive stuff you buy. So billionaires would be paying a lot (unless it was some crazy eccentric billionaire who lives like a homeless bum)
And not only that...but all the "cash only" people like waitress tips, dancers, prostitutes, drug dealers, etc. would then be paying federal taxes too when they spend all that money.
It would also eliminate 12 billion dollars in IRS "expenditures" and we could eliminate that agency.
All we need is the Treasury Dept. to count the money (they already do that...the IRS is just the collection agency).
It would be a win/win across the board.
And people who are frugal and save money would actually be rewarded instead of punished just for earning it in the first place.
It would encourage hard work and ambition as opposed to people worried about their "tax bracket" (you can actually make LESS money after taxes by making MORE money at your job when you are on the cusp of moving up to the next bracket)