Originally posted by miko2d
Tax code should be simple and equitable.
BTW, I am Right-Libertarian
miko
Hate to say it but you just did the same thing the test did.
Complicated taxes are the result of politicians trying to be equitable...For example..a politician will say. "Okay, we think there should be a reduction in Capital Gains tax, because the middle class are suffering when selling a home that has significantly gone up in value. But, we don't want those rich guys benefitting when they sell their luxury yacht....so we will impose limits on income from which to base the deduction or reduction in tax..."
Those limits become more and more complicated as more and more factors are taken into account...in order to maintain the fairness of the reduction in Capital Gains Tax...
It is a vicious circle!