Originally posted by Pongo
Basic fairness.
Like a flat % tax you mean on individuals and corporations So accountants cant get millionairs out of there tax obligation?
That kind of basic fairness?
Pongo: It is a verifiable fact (per the IRS statistics) that the top 50% of wage earners in the United States pay approximately 96 percent of income taxes collected in my country, with the lower 50% paying only 4%. You need to understand, you don't pay taxes on wealth in the US, you pay it on income. So, a flat tax would work just fine for me; it's the most progressive and fair way to tax, in my opinion. But that's not how it works here. Actually, a simple national sales tax has a certain appeal from a fairness standpoint, as it puts how much tax each person pay completely within that person's control; however, it would make the Federal budget process much harder, I suspect.
I strongly believe that the tax cuts were a significant factor in the economic recover (some would say an economic acceleration, at this point) currently going on. Not the only factor, but certainly one that fostered the strong economic growth we've seen. Across the board, the last 12 months can only be seen as an economic success.
