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Originally posted by sailor
Why not? My lord, a couple of posts ago, you were just saying lets clean up government waste--now you are once again contradicting yourself to say that we should leave the loopholes in place. And, no, you didnt give any good reason as to why they must be there.
For someone who spouts off about people not thinking for themselves, your continued contradictory posts arent making you look so good...
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Government waste is spending, not the taxation, if you stop spending so much you can get away with a 10% flat tax and it does away with all loopholes. If supposedly the rich don't have to pay taxes cause of loopholes then a flat tax would be good at least they would be paying a set %.
Quote:
Originally posted by sailor
And, no, you didnt give any good reason as to why they must be there.
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umm yeah i did.
Quote:
Originally posted by phyzix525
Some loopholes are there to even things out with those who are self employed. If I own a business and I make a 100,000. thats not all profit, should I be taxed on all of it? those that are paid salary of 100,000 all of it is "profit" there are no expenses he needs to take out of that. As a business owner my 100,000 half of it may be to purchase supplies and other deductions that cost me to operate my business. So I should only be taxed on 50,000 which is true "profit" The problem is that a good accountant and someone that makes good records can oftentimes write off almost all of the 100,000 and only pay taxes on a very small amount. such as myself.
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You are making contradictions that are not there, compairing apples to oranges, loopholes and governemnt spending are too different beasts.