CitationLover
Aw, Nuts!
- Joined
- Feb 26, 2003
- Posts
- 3,316
I would bet if our country did a little expreiment with taxes, we would be swimming in money.
Everyone, that means everyone, pays 10% of their income to the Feds.
Cut Corporate tax rates to 20% for everyone from Microsoft to your wifes beautyshop.
National sales tax of ??% on all goods and services.
We are a consumer based economy. If you give people more money, they will spend more, thus raising revenue across the board.
Raising taxes, especially on the people that spend the most, is counterproductive and DOES NOT WORK!
While I agree with your sentiment, simplification of taxes has one nasty side effect: a simple tax rate is MUCH easier to raise. It's the one huge negative to tax simplification to me, thus we need a modicum of simplification but not a flat rate.