Quote:
|
Originally Posted by kutulu
jb2000:
I think that would be an excellent system. I would tweak it a little bit though by removing the lowest bracket and replacing it with a sales tax and subsequently smaller brackets after you get out of that lowest bracket. You could have something like a standard deduction of 25,000 or just build that into the tax tables.
That way, we would account for most of the income from people who recieve under the table cash only. I have nothing to back it up, but I'm sure that most people who get paid only in cash and pay no taxes make less than 25k.
|
I'm not opposed to some of that, but I would strongly oppose a sales tax. First, sales tax is one of the most innefficient methods of collection. Second, it puts an inordinate burden on small businesses. Third, and most detrimental to my proposal, it is a hidden tax, in that most people don't know what all they pay in sales tax, and it is used to make people feel like they are paying less taxes, and that they have some measure of control over how much they pay, when the reality is neither of those.
As for the under 25K group, their contributions at any rate of taxation is a very small factor in revenue calculations. I don't know that zero taxation on the group is a bad thing, except that I think it is important for all Americans to have a hand in contributing to the maintnance and investment in their society, and so I would advocate at least a small rate.
The thing is that I want to get rid of most all deductions. The only ones I can really advocate at this point are those based on quantity of people (dependents).