Subject:
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Re: Tax relief?
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Newsgroups:
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lugnet.off-topic.debate
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Date:
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Mon, 19 May 2003 06:12:23 GMT
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Viewed:
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1336 times
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In lugnet.off-topic.debate, Scott Costello writes:
<snip>
> > > Now that it looks like it is finally going to pass, Democrats will claim
> > > that it only benefits the rich, and that is partially true, but since the
> > > rich pay the majority of the taxes, I don’t see how it could be otherwise.
> >
> > The extravagantly wealthy have access to loopholes and other measures that
> > negate their taxes. See previous postings in this forum by yours truly.
>
> Exactly, which is why I want to see the system changed so that it is so
> simple, fancy accounting would have no place in escaping taxation. I
> personally lean more toward the flat tax system, but would be open to other
> simmilar options.
The real problem with a flat tax is that lower income lose out the most. To
a person making $20,000 a year, 10% means a lot more than it would to a
person making $200,000 a year. I don't know what a viable alternative might
be though.
-Orion
<snip>
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Message has 1 Reply:
 | | Re: Tax relief?
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| (...) Well, you could always exempt earnings below a subsistence level income -- that's one solution still easily understood and uncomplicated. Another, probably better, solution would be a federal sales tax on non-perishables/luxury type items. But (...) (23 years ago, 19-May-03, to lugnet.off-topic.debate)
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Message is in Reply To:
| | Re: Tax relief?
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| (...) No I checked the latest bill pretty thoroughly, and all brackets recieve relief, actually if the original plan for marriage penalty relief was still in force I would pay almost no federal income tax at all. (...) Exactly, which is why I want (...) (23 years ago, 19-May-03, to lugnet.off-topic.debate)
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