Quote:
Originally Posted by seretogis
"Progressive" Income Tax
This is our current [bloated] system -- if you make more money, you pay a higher percentage of your income to the government. If you make less, you pay a smaller percentage. This leads to the wealthy essentially hiding income and investments in off-shore tax shelters, while the middle class pays their fair share and more due to the massive size of the tax code (some 49,000 pages).
|
While the progressive system is unamerican and unfair, you are wrong on who is paying.
Thats from Limbaughs site, but I've seen it verified, if someone doesn't trust it, prove it wrong.
I like the sales tax best as it means becomeing a tax cheat is much harder. Down side is it would create more of a black market, but the losses there would pale compaired to cash only workers and illegals who avoid paying any taxes currently.
I'd be very happy with a flat tax. Rich will still pay more but making more money wouldn't be a penalty. The only downside is at the tax point. If you are making 38k are you now making less due to the tax? There are ways around that of course, and currently the progressive system does the same thing.