Fair Taxation

joeydb · #8 06-23-2010, 07:24 AM

Quote:

Originally Posted by GBBob

In principal, it sounds good, but we would self destruct as a country.

If we continue to spend like drunken sailors, yeah, we're cooked, but we could definitely bring in enough revenue with a flat system for reasonable expenditure. We would need to finally rid ourselves of many unending and ineffectual government programs.

We have to also take into account that a simple system with no "bracket creep" would also stimulate the economy too, because everybody from laborers to entrepeneurs would be able to make profits without a "gotcha" of getting slammed in a new bracket.

If individuals or companies know they can make a buck they will not hold back on some of the hiring and expansion that creates new jobs.

View Poll Results: Which tax approach would be the most "fair"?
The current income tax system - many rates, higher rates for more affluent people.	5	23.81%
One income tax rate - (i.e. make twice as much, pay twice as much)	8	38.10%
Per capita tax - everyone pays same tax regardless of income level	0	0%
European style VAT tax assessed at each stage of product development, assembly, and sale.	0	0%
National sales tax, assessed at last sale only - not during assembly or production	4	19.05%
Some other system, either thought of already or yet to be drafted up	4	19.05%
Voters: 21. You may not vote on this poll