Quote:
Originally Posted by shakran
However, and this is a big however, it is rather silly to say "the rich are gonna get out of paying taxes anyway so why not just lower them?"
Bush said that, and I thought it was stupid then. The answer is to close the tax loopholes. Make it an even X% of ALL income. So if you get a salary, you get X% taxed. If you get land, or stock, or anything else, you're taxed X% on its value.
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I would rather tax consumption. That's the fair way to tax everyone including the under-ground economy. I don't think work and savings should be penalized through taxes.