Everyone hates paying taxes. What I hate more is that some folks don't pay any taxes at all. Some don't file & don't get caught for years. Some falsify deducting all kinds of things that aren't really valide expenses. When someone takes their family to an NBA or MLB game & dinner it's not a deductible business expense. How much would attendance drop @ major sports events if the expense weren't deductible? Businesses would still do it for very important clients, but the abuse would get weeded out. Our tax code is a mess.
All we need to do to fix this is go to a flat tax. We'd cut the size of the IRS by 90%. Tax revenues would go up. It would be very fair. Nobody could claim all kinds of expenses year over year avoiding taxes (the AMT is a feeble attempt at this).
The rate simply needs to be 15% for everyone above the poverty level. If you don't pay your taxes you go to jail. Yes there would be losers in this, but overall we'd all be better off. Those folks that lost their job would take up move valuable jobs. The economy would grow & be more competitive in the world market.
Links
http://www.brookings.edu/opinions/1996/0219taxes_gale.aspx
http://www.helium.com/tm/638061/amendment-united-states-constitution
No comments:
Post a Comment