scottie said:
I'm all in favor of a simplified tax code, the main problem with the American tax code is that it is complicated enough that only the rich can find the right loopholes.
As for low taxes leading to growth, I'm going to put a big [citation needed] sign right there. |
Hmm, the point of my post was to address to both of you that percentage of GDP is not at a historical high (to the other guy), and that rates do not correlate to revenues (to you).
Obviously, there are strong arguments for whether taxes lead to growth or not, as with all things economic. Problem is that there's hardly any evidence for any claim, because there's a million other variables which could have influenced the outcome.
For me, however, taxes are a moral problem, not an economic one. Personally, I'd like to see income taxes completely zeroed, outlawed, and constitutionally banned. I do, however, see deficits and unfunded liabilities as an even bigger moral problem, and an economic one... so I wouldn't call for an immediate end to the income tax, just a gradual reduction as the books are balanced. I'd like to see the reduction come from the bottom, though, rather than the top (as its the bottom that's hit hardest by taxes, deficits, and unfunded liabilities).
