Kasz216 on 23 July 2009
| mrstickball said: Oh one thing I should add (my personal belief): Tax laws create loopholes when they create a complex system. Taxes should be so simple, that they are virtually impossible to avoid, mis-interpret, or otherwise misappropriate the income, since they are essential for a functioning society. In the case of charity, you aren't creating a loophole by deeming a portion of potential taxes to be available for charity distribution. You create loophole by relying on something that just isn't there - the possibility that a rich man may, or may not, be taking 40% of his taxable income away by giving it to charity, or appropriating it as a 'loss' due to some sort of investment. Flat tax is this: The man making $1,000,000 a year will pay no less than $250,000 in taxes, and no more than $300,000. The fact is that, right this very second, a man making $1,000,000 may pay anywhere from $0.00 to $400,000 depending on his accountant is a sickening thing. As Kasz has said, our tax system just isn't working because it's too large, too hol-y and can be used and abused by everyone....Not a good way to run a government that is in a major deficit. |
Well for an example... Warren Buffet pays less then his secretary does tax rate wise... and he doesn't even try to get out of anything.
