Quote:
Originally Posted by aceventura3
I have no objection to people getting tax cuts. My preference is to not tax the fruits a man['s] labor at all. I think we should tax consumption. Tax the rich guy who has his corporation buy a $10 million dollar jet that he uses for business and can be used as a corporate tax deductible expense. Don't tax the savings account interest income from a disabled blue collar guy who save his entire life and now needs the money to live.
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What about those who spend overseas or who don't spend at all? The last time I was out of the country, I spent thousands of dollars. Baring an emergency, I never plan to have my bank account dip below my yearly salary. If I ever get to the salary I desire (between $125k and $250k) that means a lot of untaxed money.
I can appreciate where you're coming from, but maybe I should ask you this: why just tax what we spend? Shouldn't everyone pay their fare share? Why not, then, just tax income?